Garuda Indonesia will defer payment of a periodic distribution under its $500 million sukuk trust certificate as it considers “strategic alternatives” to address ongoing challenges amid the pandemic.
Publishing date: May 17, 2021 • 1 hour ago • 3 minute read •
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SINGAPORE Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia are merging to create a multi-billion dollar tech company called GoTo in the country’s largest-ever deal, as rivals bulk up in the fast-expanding sector.
The combined entity, which will span online shopping, courier services, ride-hailing, food delivery and other services in Southeast Asia’s largest economy, will be the biggest privately held technology firm in the region. It plans to list in Indonesia and the United States later this year, company executives said on Monday.
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Indonesia s Gojek, Tokopedia to create biggest local tech group
By Anshuman Daga and Fanny Potkin
Reuters
SINGAPORE (Reuters) -Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia are merging to create a multi-billion dollar tech company called GoTo in the country s largest-ever deal, as rivals bulk up in the fast-expanding sector.
The combined entity, which will span online shopping, courier services, ride-hailing, food delivery and other services in Southeast Asia s largest economy, will be the biggest privately held technology firm in the region.
It plans to list in Indonesia and the United States later this year, company executives said on Monday.
Indonesia’s Gojek, Tokopedia merge to create biggest local tech group 17 May 2021 / 23:49 H. A Gojek rider delivering a Tokopedia package to a customer in Jakarta. – AFPPIX/GoTo Group
SINGAPORE: Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia are merging to create a multi-billion-dollar tech company called GoTo in the country s largest-ever deal, as rivals bulk up in the fast-expanding sector.
The combined entity, which will span online shopping, courier services, ride-hailing, food delivery and other services in Southeast Asia s largest economy, will be the biggest privately held technology firm in the region. It plans to list in Indonesia and the United States later this year, company executives said on Monday.