Axiata Group, XL Axiata to acquire 66% stake in Link Net for $610m
Axiata Group Berhad and XL Axiata will jointly acquire a stake of 66.03% Link Net Tbk, an Indonesian broadband and cable TV services provider, from ... Read More
Singtel acquires 16.2% stake in Indonesia’s Bank Fama International
Singapore Telecommunications (Singtel) has acquired a stake of around 16.26% in Bank Fama International, an Indonesian bank, for IDR 500 billion ($35 million). The transaction ... Read More
Aquadrill wins contract worth up to $79m for Capella drillship in Indonesia
Aquadrill said that it has reached an agreement alongside a subsidiary Vantage Holdings International to supply the Capella drillship for drilling operations in Indonesia. According ... Read More
TCS ERP solution deployed by Dutch plastic pipes manufacturer Wavin
Tata Consultancy Services (TCS) said that Dutch plastic pipes manufacturer Wavin has deployed the TCS ERP on Cloud platform for achieving the expansion of its ... Read More
Indonesia, Japan to conduct CCS study for clean fuel ammonia production
Indonesia and Japan will collaborate on a study on carbon capture and storage (CCS) and utilization of carbon dioxide for producing clean fuel ammonia in ... Read More
PETRONAS makes oil discovery in North Madura II PSC, Indonesia
PETRONAS via its subsidiary North Madura II has made an oil discovery at the Hidayah-1 exploration well within the North Madura II Production Sharing Contract ... Read More
Vale and Sumitomo to divest 20% stake in Vale Indonesia to Inalum
Brazilian mining company Vale said that its subsidiary Vale Canada and Sumitomo Metal Mining have agreed to sell a 20% stake of Indonesian copper ores ... Read More
ADB to grant $300m loan for GDE’s 110MW geothermal power project in Indonesia
The Asian Development Bank (ADB) has sanctioned a $300 million loan to Indonesian state-owned company Geo Dipa Energi (GDE) for expanding its geothermal power generation ... Read More
Olam to sell out stake in Far East Agri sugar joint venture to Mitr Phol
Olam International will sell out it 50% stake in Indonesian sugar producer Far East Agri to its joint venture partner Mitr Phol Sugar for up ... Read More
Zurich Insurance buys 80% stake in Indonesian P&C insurer Adira Insurance
Zurich Insurance Group has completed its previously announced 80% stake acquisition in Asuransi Adira Dinamika Insurance (Adira Insurance), an Indonesian property and casualty insurer. The ... Read More