Singtel acquires 16.3% stake in Emtek-backed Bank Fama

Singtel acquires 16.3% stake in Emtek-backed Bank Fama

Photographer: Nicky Loh/Bloomberg

Singtel Alpha Investments Pte. Ltd., a wholly-owned subsidiary of Singapore Telecommunications Limited, has acquired a minority stake in PT Bank Fama International in a bid to pursue banking opportunities in Indonesia.