Recent Articles
Prosecutors’ Demands for Handang Soekarno
The trial of the former Head of Initial Evidence Sub-Directorate at the Law Enforcement Directorate in the Directorate General of Taxation Handang Soekarno, who was caught for receiving bribes from the Managing Director of a subsidiary of Lulu Group International PT EK Prima Ekspor (EKP), will soon come to an end. Previously, interesting evidence were made public through the trial, and Handang was not holding back. Many thought that the prosecutors would thus go easy on Handang. But on June 21, 2017, the prosecutors read their demands for Handang and did not show any lenience.
Business
Market at New Record High
Indonesian stock market reached its record high on Wednesday (June 21) as investors accumulated the buying in local stocks ahead of the one-week holiday for celebrating Eid al-Fitr. Today is the last day of trading for stock market as the said holiday will start tomorrow (June 23), running until June 30 (Friday next week). The Eid al-Fitr is scheduled for June 25-26.
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Facebook Urged to Set Up Local Entity
Thomas Lembong, Chairman of Coordinating Investment Board (BKPM), urged United State’s social networking giant Facebook Inc. to set up local entity, called as Over The Top (OTT) entity, then the Government of Indonesia could get...
LMIR Trust Acquires Lippo Plaza Kendari
Lippo Malls Indonesia Retail Trust (LMIRT) has acquired Lippo Plaza Kendari. Then, now LMIRT Trust’s portfolio comprises 21 high-quality retail malls and seven major retail spaces located within other malls in Indonesia....
Mark Dynamics Indonesia Kicks Off IPO
Mark Dynamics Indonesia, the premium hand former manufacturer, has set its IPO price at 250 per share, to raise Rp40 billion proceeds. It will offer 160 million shares, representing 21.05% of its total issued and paid-up...
Profiles
Another Strong Month for United Tractors
United Tractors (UNTR) sold 302 units of Komatsu construction machinery last month, jumped by almost 69% year-on-year, thanks to strong sales to agriculture (plantation) and mining sector. Sales to forestry sector grew 7.1% year-on-year, but sales to construction sector collapsed 56% to 51 units only
