Indonesia
Danantara’s proposal is being considered while the exchange awaits bids from other parties.
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Danantara bids for stake in Indonesian stock exchange
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World
The settlement is equivalent to 44% of Shein’s Q2 profit.
Greater China
The approval comes as China has vowed to continue to open up its domestic financial markets to international companies.
India
Tata Sons is grappling with internal divisions over whether it should list.
The plan would also waive prior approval for subsidiaries’ internally funded investments.
MSCI had raised concerns that some transactions were being manipulated by dominant shareholders.
Several companies still possess good fundamentals, says CIO Pandu Sjahrir.
“I simply say to the MSCI: the Indonesian nation fears no one and will not be cowed.”
The Fair Trade Commission said the harm to competition from the proposed deal outweighed its overall economic benefits.
Singapore
Ex-Indonesia trade minister Muhammad Lutfi had said Temasek, GIC pressured MSCI.
