PT Lippo E-Net Tbk divests its entire stake at ASTA which controls 20% shares in AIG Life, an insurance JV with American International Assurance Company (Bermuda) Ltd (controls 80% shares) to strengthen its financial structure....
Read MoreStarting next year, Internet users in cities like Jakarta, Batam, and Pontianak will have high bandwidth connectivity providing direct access to the international telecommunications gateway via a state-of-the-art undersea fiber...
Read MoreSampoerna Agro starts to offer up to 30% of its shares to public in a bid to raise up to US$150 million for debt payment and expansion. The company will easily become the second largest plantation company by market...
Read MoreStarting Tuesday, April 24, PT Media Nusantara Citra—a subsidiary of PT Global Mediacom (prev. Bimantara Citra) offers its shares to public. At the same time, PT Bhakti Investama Tbk, majority owner of Global Mediacom is...
Read MoreOnce controlled almost 80% of PT Davomas Abadi Tbk, Indonesia’s largest cocoa butter & powder producer, Mr Husein Sutjiadi (the richest No.33 in Forbes’ rich list for Indonesia) reduced significantly his...
Read MoreSanex is a growing business group established by several businessmen with interests ranging from motorcycles, steel, and telecommunication. But in the last few months, they’re fighting each other and involved in legal...
Read MoreListed tire manufacturer PT Multistrada Arah Sarana Tbk announced today its plan to raise funds through a rights issue for bond payment, finance its expansion and strengthens its working capital. Who actually owns and controls...
Read MoreAbby Soekarno (Full name Krisno Abiyanto Soekarno), CEO of PT Wahana Bersama Globalindo (WGB) and Paimin Landung (director), have fled the country as fugitives and leaving thousands of investors counting their losses....
Read MoreEnding months of speculation, President Susilo Bambang Yudhoyono confirmed today his plan to reshuffle the cabinet and announce the changes by early May or two weeks from now. That would make some important decisions postponed, especially privatization plans.
Read MoreAttorney General’s Office (AGO) has filed new charges against former Bank Mandiri directors (ECW Neloe, I Wayan Pugeg, and Sholeh Tasripan). AGO argued that their decision to acquire bad loans of PT Kiani Kertas from IBRA...
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