PT AKR Corporindo (AKRA) Tbk will get US$244 million from divestment of its 68% shares in sorbitol producer PT Sorini Agro (SOBI) Tbk. Haryanto Adikoesoemo, CEO of AKRA, said it divests SOBI because AKRA wants to focus in...
Read MorePT Japfa Comfeed Indonesia (JPFA) Tbk is among the best performing stocks this year, gained 155% year-to-date. The company has just secured a US$110 million facility from Bank Central Asia (BCA) to finance expansion and working...
Read MoreThe family, like others, was in trouble in late 1990s due to the collapse of banking system. In recent years, the family has expanded its business in coal mining, plantations, and forestry. This family controls at least three...
Read MoreWest Kalimantan voters will decide their new governor for the province early next month. Four candidates are competing. Who are they? What business interests are at stake?
Read MoreIt was a busy weekend for Kalla. He was there in his capacity as Vice President. He brought with him several high-profile business & politic leaders of Minangkabau ethnic such as Industry Minister Fahmi Idris and deputy chairman of Regional Representative Council (DPD) Irman Gusman who are also Golkar Party leaders.
Read MoreAce Hardware (ACES) is one of the best performing stocks in the retail business. It gained 40% this year to make a US$400 million company. The company has just opened its 43rd outlet in Bekasi area last month. Ace Hardware is...
Read MorePT Ancora Indonesia Resources (OKAS) Tbk, a company controlled by Investment Coordinating Board Chairman Gita Wirjawan, posted net profit of Rp6.7 billion in the first half of 2010, slashed 70.6% from the same period last year...
Read MorePT Tiga Pilar Sejahtera Food (AISA) Tbk has just completed the acquisition of oil palm plantation and rice mill from Ganda Sitorus (brother of Martua Sitorus, Wilmar International shareholder) for a combined consideration of...
Read MoreAdaro Energy (ADRO) was not even half of Bumi Resources (BUMI) two years ago. Now Adaro is almost twice the size of BUMI by market capitalization. Both emerged out of leveraged buy-outs (LBO). BUMI collapsed due to aggressive...
Read MoreThe 2014 election flavor and fever set the tones of the government’s proposed State Budget 2013. The growth of subsidies is set substantially higher than spending for infrastructure. Lower budget deficit might be seen as a...
Read More