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| Thomas W Shreve, Recapital |
Experts from banks, companies, funds and law firms gathered at The Fullerton Hotel in Singapore on November 22 for IFLR’s second annual Indonesia forum.
Capital markets developments were high up on the agenda, with panelists highlighting the impediments to high yield and rupiah bond issues. There were also calls for the Indonesian regulator to amend the country’s material transaction rule to help drive the country’s debt markets.
However with the energy and infrastructure market in full swing, the discussion about M&A structural trends was arguably the hottest topic of the conference, with banking participants calling for the country’s M&A sector to unify policies relating to deal tax structuring.
A tax-distorting element has been increasingly creeping into Indonesia’s M&A deals, with the drive to sell a public company shaping the way deals are being done in an...