Recent Articles
Countdown to Cabinet Reshuffle?
Cabinet reshuffle and the future of PAN in the ruling coalition are hot topics for speculation. Should President Joko “Jokowi” Widodo announce a cabinet reshuffle, it would be the third in his 2 years and 9 months of presidency. So, will there be another cabinet shake up?
Business
Any Hope for Bakrie’s Energi Mega?
Shares of Energi Mega Persada (ENRG), an oil and gas company controlled by Bakrie Family, lost 25% on its trading debut after reverse stock on Wednesday, July 26. Earlier in March, sister company PT Bakrie Sumatra Plantation (UNSP) Tbk also lost 20% on its trading debut after the reverse stock.
QUICK UPDATES
BNP Paribas H1 Profit Rp173.7 Billion
BNP Paribas booked profit after tax of Rp173.7 billion in the first half (H1) this year, grew by 28.8% from Rp134.9 billion in the same period last year. Net interest income increased 9.2% to Rp178 billion and operating profit...
GMF Aero Asia Books Revenue US$200 Million
PT Garuda Maintenance Facilities (GMF) Aero Asia booked revenues of US$200 million in first half (H1) this year, grew 15% from US$174 million in H1 last year. Revenue contribution was mostly (80%) came from its holding firm flag...
Mandiri InHealth Grows 17%
Life insurance PT Asuransi Jiwa InHealth Indonesia (Mandiri InHealth) booked net profit of Rp94 billion in the first half (H1) this year, grew by 17% from Rp80 billion in the same period of last year. Gross written premium rose...
Profiles
Another Lawsuit against Tanri Abeng
One general contracting company has filed lawsuit against an entity controlled by Tanri Abeng, chairman of state-owned oil and gas company Pertamina. The plaintiff accused the defendant of breaching contract, and accordingly asks the court to seize Tanri’s house and the complex built by the contractor.