South Korea’s energy giant KEPCO has completed divestment of 20% shares in PT Bayan Resources Tbk (BYAN) last month. KEPCO sold 666.66 million shares to unidentified buyer at Rp6911 per share or a total consideration of Rp4.6 trillion or US$350 million, way below the price paid to Bayan’s controlling shareholder in 2010.
Read MoreNational media continue to speculate on possible joining of Gerindra Party led by Prabowo Subianto in the Jokowi-Kalla administration. Others, meanwhile, start to speculate on assets owned by Prabowo. In this issue, we focus on PT Kertas Nusantara, which operates a bleached kraft pulp mill in Berau Regency, East Kalimantan province.
Read MoreProvident Group as we all know is one of Indonesia’s leading business groups through companies like PT Tower Bersama Infrastructure Tbk (TBIG) and PT Provident Agro Tbk (PALM), both of which are joint ventures with Saratoga Group of tycoon Edwin Soeryadjaya. Provident and Saratoga are also partners in some gold-copper-silver mining operations in Indonesia.
Read More