Tax amnesty boosts Telkom Indonesia share sale

Indonesia’s second-largest public company raised a more-than-expected $250 million on the back of improved market sentiment.

Telekomunikasi Indonesia raised $250 million late on Tuesday, more than double its original target, as the company took swift advantage of the improved market mood in Jakarta following news of a tax amnesty that is seen boosting capital inflows into the country. 

¬ Haymarket Media Limited. All rights reserved.

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