Indonesian market News

Billionaire Li’s FWD Group Nearing Deal to Buy CBA’s Indonesia Unit

Billionaire Richard Li’s FWD Group is nearing an agreement to buy control of Commonwealth Bank of Australia’s Indonesian life insurance arm, people familiar with the matter said, in a deal that would boost the tycoon’s presence in one of the …

Brokerslink Expands in Africa with Addition of 8 Independent Brokers

Brokerslink announced the expansion of its global broker network, which includes eight independent brokers from Africa, a brokerage in Indonesia, two specialist wholesale brokers and two companies that focus on risk and insurance services. Zug, Switzerland-based Brokerslink said its new …

Zurich to Acquire 80% Stake in Indonesia’s Adira Insurance for About $414M

Zurich Insurance is acquiring an 80 percent stake in Indonesia’s Adira Insurance from PT Bank Danamon Indonesia and a minority investor for at least around $414 million, the Swiss group said on Thursday. “Zurich has earmarked Asia Pacific to be …

Indonesia Quake Losses Exceed Several Hundred Million Dollars; Deaths Pass 430

The death toll from the earthquake that rocked the Indonesian island of Lombok a week ago has passed 430 and the government is estimating economic losses will exceed several hundred million dollars. The national disaster agency said Monday the Aug. …

3rd Major Earthquake Hits Indonesian Island of Lombok; Deaths Top 300

The Indonesian island of Lombok was shaken by a third big earthquake in little more than a week Thursday as the official death toll from the most powerful of the quakes topped 300. The strong aftershock, measured at magnitude 5.9 …

Powerful Earthquake Slams Indonesian Island of Lombok, Killing at Least 98

A powerful earthquake flattened houses and toppled bridges on the Indonesian tourist island of Lombok, killing at least 98 people and shaking neighboring Bali, as authorities said Monday that rescuers still hadn’t reached some devastated areas and the death toll …

Strong Earthquake Hits Indonesia’s Lombok Island, Killing at Least 14 People

A strong and shallow earthquake early Sunday killed at least 14 people and injured more than 160 on Indonesia’s Lombok island, a popular tourist destination next to Bali, officials said. The quake damaged more than 1,000 houses and was felt …

Indonesia MPs Grill Facebook Executives on Potential Data Misuse

A Facebook official apologized to Indonesian members of parliament on Tuesday during a five-hour grilling at a public hearing on issues ranging from the misuse of personal data to the oversight of content by the social media giant. Facebook has …

China’s Ant Financial to Offer Mobile Finance Services in Indonesia

Ant Financial, the finance affiliate of Alibaba Group Holding, and Indonesian media company Elang Mahkota Teknologi (Emtek) are to form a joint venture to offer payment and financial services in Indonesia. The Emtek tie-up is Ant’s fifth international payments deal …