|Thomas W Shreve,
Experts from banks, companies, funds and law firms gathered
at The Fullerton Hotel in Singapore on November 22 for
IFLRs 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 countrys material transaction rule
to help drive the countrys 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 countrys M&A sector to
unify policies relating to deal tax structuring.
A tax-distorting element has been increasingly creeping into
Indonesias M&A deals, with the drive to sell a public
company shaping the way deals are being done in an...