Stay updated with breaking news from Jefri sirait. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Indonesian fintechs continue winning streak in fundraising thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
February 28, 2021 The equities market rally in the US could be coming to an end if rising bond yields are any indicator. Yet, the buoyant market, driven by easy monetary policy, has already attracted scores of companies eager to tap capital markets flush with liquidity. There were nearly 500 IPOs that raised $174 billion last year – half of the listings were SPACs, or special purpose acquisition companies. That trend has accelerated in 2021, with no signs of slowing. There have already been 190 SPACs listed on US stock exchanges this year, with more to come. In Southeast Asia, Indonesia’s MNC Vision Networks was reported this week to be looking to merge its video streaming business with Malacca Straits Acquisition, the blank-cheque vehicle led by Ark Pacific Capital Management’s Kenneth Ng. ....
JAKARTA (The Jakarta Post/ANN): The government has unveiled a draft presidential regulation, derived from the recently passed Job Creation Law, that offers leeway for foreign investment in tech-based start-ups in special economic zones (SEZs). The draft, which is available on the official website of the jobs law, stipulates that foreign investment in start-ups located in an SEZ will be exempted from the minimum requirement of more than Rp 10 billion (US$710,111) applied to other types of foreign investment. This is expected to strengthen the tech start-up ecosystem, the article reads. The regulation will further ease the process for start-ups to hire foreign workers without being required to have a government-approved plan to use foreign employees, which is included in an article of the jobs law. ....
Start-up employees work in the Innovation Room, an incubator space for start-ups provided by the Manpower Ministry in Jakarta, in this file photo.- JP JAKARTA (The Jakarta Post/ANN): Indonesian start-ups are looking forward to more funding and clearer paths to profitability in 2021 as the technology industry blooms amid the Covid-19 pandemic, with optimism in the sector fuelled by ample dry powder. The Venture Capital and Startup Indonesia Association (Amvesindo) stated that the country could see more funding in 2021 despite a slowdown in the second half of 2020 due to the coronavirus outbreak. “Even during a pandemic, venture capitalists [VCs] always anticipate a good deal, ” Amvesindo chairman Jefri Sirait told The Jakarta Post on Dec 21. ....