Bloomberg

Founder of Indonesian Gold Miner J Resources Is Said to Consider Sale

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Founder of Indonesian Gold Miner J Resources Is Said to Consider Sale

(Bloomberg) — Jimmy Budiarto, the founder of Indonesian gold miner PT J Resources Asia Pasifik, is considering selling his 92.5% stake in the Jakarta-listed company, according to people with knowledge of the matter. Most Read from Bloomberg Budiarto is working with financial advisers and has reached out to potential investors, the people said, asking not … Read more

Indonesia’s Vidio Is Aiming to Double Subscribers Ahead of IPO

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(Bloomberg) — Vidio, Indonesia’s answer to Netflix Inc., is aiming to double its paid subscribers to 8 million in the next two to three years ahead of plans to go public in a market where streaming still has much room to grow. Most Read from Bloomberg The company, owned by Indonesian media conglomerate PT Elang … Read more