Temasek raises stake in Bank Internasional Indonesia

Bank Indonesia is the Indonesian central bank.

Temasek was recently in the headlines over its indirect shareholdings in two of Indonesia's largest cellular phone companies, PT Telkomsel and PT Indosat. The Indonesian anti-monopoly watchdog KPPU ruled Temasek breached Jakarta's anti-monopoly laws.

The investment company has denied the charges and said it will exhaust all avenues to defend itself, including referring the case for international arbitration.

"We continue to believe in the long-term prospect and tremendous potential of ASEAN," said Thomas, when asked if Temasek's sentiment in regard to conducting businesses in Indonesia has changed after the recent KPPU ruling.