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Companies 3 months ago
PREMIUM
Danantara buys Mecca hotel, land assets amid Haj Village push
Under the agreement, both Danantara and Thakher Development will acquire the Novotel Makkah Thakher City, a 1,461-room hotel, along with 14 land plots spanning roughly 4.4 hectares earmarked for future development.
Companies 8 months ago
PREMIUM
Telkom to consolidate weak subsidiaries in major shake-up
Telkom's new CEO is starting her tenure with a bang, kicking off an initiative to strengthen the state-owned telco's bottom line by streamlining underperforming subsidiaries through internal consolidation and possibly external mergers.
Opinion 9 months ago
PREMIUM
Analysis: Danantara’s planned corporate actions rife with contradictions
Indonesia’s new sovereign wealth fund (SWF) Danantara has announced plans to invest up to US$5 billion from the $7.5 billion in dividends it collects from state-owned enterprises (SOEs) this year to fund projects that promise both high financial returns and significant economic impact. However, observers remain skeptical that the fund’s planned corporate actions will deliver the promised performance.
Companies 10 months ago
PREMIUM
GoTo opens up on receiving, reviewing multiple takeover offers
In a stock disclosure submitted on Thursday, the homegrown tech giant has dismissed recent reports on a possible sale to industry rival Grab as “speculation”, saying it received periodical acquisition offers but had not agreed to any deal at present.
Academia 1 year ago
PREMIUM
Understanding business judgment to ensure fairness for directors
In the United Kingdom, unlike in Indonesia, a director holds fiduciary duty toward the company, and the courts will trust that the director’s judgment is always taken in good faith and in the company’s best interests.
Markets 2 years ago
Global M&A activity plunges in Q2 but dealmakers see green shoots
Global mergers and acquisitions (M&A) activity fell 36 percent year-on-year in the second quarter, but investment bankers and lawyers expressed optimism that the stock market's recovery will gradually restore chief executives' dealmaking confidence.
