Author: yosefardi.com

Q&A with Board of Medco Energi

Medco Energi International (MEDC), an oil and gas company with interest in power generation, suffered 19.6% drop in net profit to US$10.1 million last year. Like other energy companies, MEDC is consistently valued below its equity due to persistent low return on equity (ROE). What the Company will do to boost performance?

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Martha Tilaar and the Jamu Industry

The Martha Tilaar Group has been expanding its business into spa and jamu (herbal drinks) business. In 2013, the company invested up to Rp45 billion in the jamu business by establishing a 10-hectare jamu factory complex in Cikarang, West Java.

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Consumer Protection in the Age of Electronic Banking

A lot of the complaints banks receive from its customers are related to problems of funding, standards of services, and facilities for customers. But the recent revelation of account burglary cases via internet banking transactions sparked discussions about consumer protection from cyber crime.

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Account Burglary at Major Banks

The National Police Criminal Investigation Unit (Bareskrim Polri) revealed to the public three cases of burglary that happened to bank account holders at BCA, Mandiri, and BNI. The Bareskrim Polri explained that the burglary happened by way of a computer virus that functions as a spyware. The virus was embedded in customers’ computer to bring up the false instruction of “token synchronization” displayed when targeted customers opened their respective bank’s internet banking page.

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Infrastructure Projects Update

State-owned railway operator PT Kereta Api Indonesia has finally secured Rp1.4 trillion loan from four major banks (Mandiri, BRI, BCA, and BNI) to finance Rp2.5 trillion railway connecting Jakarta international airport and the city centre. Good news! How about other infrastructure projects?

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Market Snapshots: Rp14.72 Trillion Transaction on GEMS

Foreign investors booked net buy of Rp15.07 trillion in local stocks on Monday (April 20), bringing year-to-date net buy to total Rp19.4 trillion. In fact, in regular markets, foreign investors booked net sell of Rp310.34 billion yesterday, but the transaction on shares of coal miner PT Golden Energy Mines Tbk (GEMS) on crossing market reached Rp14.72 trillion.

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Sandy Uno: Business & Politics

PT Adaro Energy (ADRO) Tbk, the second largest coal group in Indonesia by total production, informed public that Sandiaga (Sandy) Salahuddin Uno has resigned as director of the Company. It is not clear whether this is related to Sandy’s decision to become executive of Gerindra Party led by Prabowo Subianto.

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Coal Journal No. 21/2015: China Data

China Shenhua Energy, one of the world’s largest coal producers, sold 25.4 million tons of coal last month, collapsed 36% from March 2014. Yancoal Australia Limited, subsidiary of Yanzhou Coal Mining Co Ltd, meanwhile, reported 10% fall in sales volume in the first three months of 2015.

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The E-KTP Case: More Pressure on Ical and Golkar?

It appears that the Corruption Eradication Commission (KPK) has revisited their investigation into the electronic identity card (e-KTP) graft case. The case implicates a lot of high-profile names, including Setya Novanto, the Speaker of the House of Representatives (DPR), and one of the deputy chairmen of the Golkar Party led by Aburizal “Ical” Bakrie.

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