Two independent tower operators, PT Sarana Menara (TOWR) Tbk and PT Tower Bersama Infrastructure (TBIG) Tbk, may have been competing to acquire telecommunication towers from Hutchison, Indosat, and XL Axiata. They offered...
Read MoreHappy New Year Everybody. I Hope this year will bring peace, health, and happiness to all of you. Just when most of you were on holiday mood, politicians tipped Dahlan Iskan, minister of state-owned enterprises, as president...
Read MoreSumitomo Corporation announced over the weekend a capital injection of Rp2.4 trillion or around US$218 million into two of its subsidiaries dealing with automotive financing PT Oto Multiartha and PT Summit Oto Finance—both are bond issuers listed at Indonesia Stock Exchange (IDX). But Sumitomo’s operation is clearly way beyond finance. This is the one of the largest groups with vast business interests in Indonesia, from minerals to LNG, and from steel to property.
Read MoreThree years ago, businessman Kentjana Widjaja, through Quattro Inti Investama, was among investors competing to acquire Berau Coal from Risjad family and Boy Thohir (shareholder of Adaro). We all know he lost in the race to...
Read MoreDr Yap Hong Tjoen, according to Wikipedia, is a philanthropist from Yogyakarta, known as close friend of national education hero Ki Hajar Dewantara. He established the famous eye clinic Dr Yap. His son Dr Yap Kie Tiong took over management of the hospital in 1949.
Read MoreBank Indonesia has issued Regulation No 14/17/PBI/2012 about trust business activities, which was effective November 23, 2012. The regulation was issued to anticipate sudden capital reversal and promote financial deepening....
Read MoreShareholders of Trimegah Securities, a brokerage firm, have replaced Omar S Anwar as CEO and Ubaidillah Nugraha as director as of yesterday. This is a sign of ownership changes at Trimegah following months of speculations...
Read MoreAlmost five years ago, Rabobank kicked off a merger of three Indonesian units—PT Bank Rabobank International Indonesia, Bank Haga, and Bank Hagakita. Yesterday, media reported that Rabobank plans to divests its Indonesian...
Read MoreWings Group is one of major consumer players in the country. It challenges Unilever Indonesia in detergents, competes Indofood Sukses Makmur in noodles and Kapal Api or Mayora in coffee mix. The group has also expanded its...
Read MoreTower Bersama Infrastructure (TBIG), a company controlled by Edwin Soeryadjaya and Provident Capital, currently has market capitalization of Rp23.86 trillion, bigger then Bumi Resources (BUMI) and Berau Coal (BRAU) combined....
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