The Upstream Oil and Gas Regulatory Body (BPMigas) has extended the expiration date of Pase Block production sharing contract in Aceh (previously controlled by ExxonMobil) by 377 days due to implementation of force majeure...
Read MoreFood and property arm of Sinarmas Group, AFP, reported net profit of S$153.46 million last year, inched up 0.4% from 2008 despite a strong 40.3% growth in operating profit. Last Thursday, crossing of 1.77 billion shares in its...
Read MorePT Astra International (ASII) Tbk reported net profit of Rp10 trillion last year, increased 9% from 2008 on improved margin. The management proposes a 29% increase in full year dividend. The stock, meanwhile, declined 1.5%...
Read MoreFor two consecutive years, consumer financing company PT Adira Dinamika Multi Finance (ADMF) Tbk, a subsidiary of Bank Danamon, reported return on equity (ROE) over 38% per annum, thanks to the generosity of motorists to pay...
Read MoreHanson International is trying to transform itself from a textile manufacturer to energy company with various plans such as acquisition of coal mines and the most recent is the US$400 million investment to build overland conveyer with Thyssen Krupp AG. But wait a minute, what’s happened with Suba Indah’s settlement with Bank Mandiri?
Read MoreIf you happen to search through JSX.co.id, you will find lots of names linked Tjokrosaputro. The debt ridden corn mill PT Suba Indah Tbk, the growing energy company PT Central Korporindo Tbk, till the little known PT Bumi Teknokultura. The group is well known for its Batik Keris. But it put Bank Mandiri into trouble with overdue payments on loans. The owners have been involved in serious scandals in the stock market. Still, the group survives. Why?
Read MoreIn November 2007, Aneka Tambang (ANTM) was a US$4.8 billion company. Yesterday, the company’s market cap was US$2.17 billion. The fall of metals prices affected the company seriously. The company reported net sales of...
Read MoreGanda Group is a diversified company with interests in palm oil, mining, property, heavy equipment, construction, and recently cement. In the cement business, Ganda Group develops Semen Merah Putih. It initially imported the...
Read MoreFormer East Java Regional Police Chief Herman Surjadi Sumawiredja decided to resign four months ahead of mandatory retirement as an expression of “protest” to what he called as “intervention” on investigation of serious election crimes in East Java governor election. In this report, (1) Benua Indah Group auction, (2) Kutai Regent gets 4-year, (3) Danamon vs Esa Kertas, (4) Bankruptcy filing on Kishore Narindas Vaswani.
Read MoreGaribaldi Boy Thohir is one of Indonesia’s richest men with substantial shareholding in PT Adaro Energy (ADRO) Tbk, a company with market capitalization of US$6 billion. He is also the CEO of ADRO, the second largest coal group in Indonesia.
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