PT Japfa Comfeed Indonesia Tbk, one of the largest and most integrated agri-food companies in Indonesia, reported signigicant improvement in sales revenue, operating profit, and net profit last year. Its net profit grew almost...
Read MoreBumi Laut Group is a leading shipping and logistic services group controlled by Singgih family. But in the last two months, family members have been involved in a bitter fight over the group’s wealth and management. Established in 1922, the group’s cohesiveness is a big question and may well on the verge of collapsing. What’s happening?
Read MoreBumi Laut Group is a leading shipping and logistic services group controlled by Singgih family. But in the last two months, family members have been involved in a bitter fight over the groups wealth and management. Established...
Read MorePresident Susilo Bambang Yudhoyono is expected to replace M. Hatta Radjasa as the minister for transportation. But that’s not the end for Hatta because he’s been tipped to replace Sofyan Djalil as the minister for communication...
Read MoreSofyan A. Djalil, the minister for communication and information, has been tipped to replace Sugiharto as the minister for State-Owned Enterprises (SOEs) besides other names like Kemal Stamboel (chairman of expert council at Prosperous Justice Party/PKS), Agus Martowardojo (CEO of Bank Mandiri), Arwin Rasyid (former CEO of Telkom). President Susilo Bambang Yudhoyono summoned Sofyan to the State Palace yesterday that sparked further speculation of his new job and movements to keep Sugiharto, especially by politicians from Islamic parties like PPP, PKS, and PKB. These politicians ‘politely’ argued that Sofyan is fit for the current job and having him as the SOE minister might risks opposition from parliament. Who is Mr Sofyan Djalil anyway?
Read MorePT Bank Century Tbk is launching the fifth rights issue in the last eight years with expected proceeds of Rp884 billion (including warrants) to finance expansion and IT investment. Who actually controls the bank? Bank Century...
Read MoreSmall bank PT Bank Multicor Tbk controlled by Mr Suganda Setiadi Kurnia kicks off initial public offering (IPO) of 300 million new shares (represent 17.35% of the bank’s paid capital after IPO) at nominal value of Rp100...
Read MoreIt’s not just companies that regularly do the ‘window dressing’. Cabinet members are busy making statements about their performance ahead of reshuffle plan to be announced immediately. One minister placed 8-pages sponsored article, while others orchestrated events to attract the president’s attention and horse tradings with politicians. The president has ordered all ministers to stay in town in the next few days, a clear sign that the reshuffle will be announced as planned.
Read MoreIn less than eight years, Djava Energy has emerged as one of the biggest player in the Indonesia’s oil and gas business. Petromine Energy Trading, one of its subsidiaries, booked revenue above US$120 million last year from oil trading alone, a growth more than 100% from 2005. Liberalization of downstream oil and gas market has also placed the company as an important player thanks to its relationship with Petronas. Who are the people behind it?
Read MoreEconomist M Fadhil Hasan, former special staff of Rokhmin Daruri (former minister for fishery and marine resources under Megawati administration), told a court hearing here yesterday that sand importers in Singapore gave US$400,000 of ‘thank-you money’ to minister Rokhmin (a suspect in corruption case) in February 14, 2003. A Valentine gift?
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