Soeharto administration has initiated the construction of 22-Km toll road connecting crowded areas of Bekasi, Cawang, and Kampung Melayu in Greater Jakarta back in 1997. Why the project stalled in the past 14 years under five...
Read MoreBustanil Arifin, former minister of SMEs and cooperatives under Soeharto regime, has just passed away. He leaves behind a business empire with interests in property, plantation, food processing, and retail. One of them might...
Read MoreForestry company PT Sumalindo Lestari Jaya (SULI) Tbk, a company controlled by Sampoerna and Sunarko families, has been in dispute with its minority shareholders namely Deddy Hartawan Jamin and Imani United Pte Ltd. Who is Deddy...
Read MoreSo, two-state banks (BNI and BRI), Indonesian Eximbank, and Bangkok Bank Plc have provided loan commitment of Rp5.27 trillion to PT Cemindo Gemilang for the construction of one cement plant in Banten province and two grinding plants in two different locations. This would strengthen Ganda Group’s position in the country’s cement market.
Read MoreThree businessmen: Djoko Tjandra, Sjamsul Nursalim, and Tan Kian, are currently facing legal issues with Indonesian authorities. Djoko’s passport has been revoked. Meanwhile, civil lawsuits against Nursalim and Tan Kian are underway. What’s going on?
Read MorePT 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.
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