Updates on LuLu Group’s Tax Case : More Names

The trial of Rajesh “Mohan” Rajamohanan Nair, the Managing Director of a subsidiary of Lulu Group International PT EK Prima Ekspor (EKP) continues. In the hearing held on March 20, 2017, the court heard the testimonies of key parties related to the bribery case...

A New DPR Leadership: The Remaining Debate (2)

All of the political parties in the House of Representatives (DPR) previously agreed to accommodate PDIP’s request for a seat in the leadership of the DPR and the People’s Consultative Assembly (MPR). And so we saw the revision of the Law No. 42/2014 on the Revision...

The E-KTP Case, Dynamics in Golkar, and Novanto’s Future (2)

A political tsunami has hit the Golkar Party following the development of the electronic identity card (E-KTP) graft case—its chairman Setya Novanto was mentioned in the Corruption Eradication Commission (KPK)’s indictment against the the two defendants (Irman and...

Industrial Issues

The Government of Indonesia plans to launch the 15th Economic Policy Package this week. The new Policy Package will focus on further reducing the average dwelling time in ports. The specific items on the connectivity issues to be set on the policy include the...

Market & Corporate Actions/Results

Foreign investors continued buying local stocks on Monday (Mar 20). They booked a net buy of Rp830 billion, bringing year-to-date net buy to Rp5.12 trillion. Domestic investors, meanwhile, dominated the selling as they opted to lock in profits in certain stocks. The...

Mayora Indah (MYOR): FY16 Results & Outlook

Food processor Mayora Indah (MYOR) booked net profit of Rp1.36 trillion last year, an increase of 11.1% from 2015, thanks to strong performance in the fourth quarter. Mayora, which is among companies aggressively expanded production facilities and grow export market,...

FY16 Results: Bumi Resources (BUMI) & BRMS

Bumi Resources (BUMI), the largest coal producer in Indonesia, booked net profit of US$67.7 million last year against loss of US$1.93 billion in 2015. Bumi Resources Minerals (BRMS), meanwhile, posted net loss of US$315 million last year due to huge impairment of...

Hospitality Player to Watch: Lariz Hotel

Improved public infrastructure will likely grow tourism industry significantly in the coming years. Business players anticipate the growth with investments in the hospitality industry, especially hotels. Lariz Hotels & Resort Management is one of those hospitality...
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