Started out its business as wood panel producer, PT Cipta Panelutama Tbk has transformed itself into a mining company producing bauxite which recorded ten fold revenue last year. Cipta Panel’s subsidiary PT Harta Prima...
Read MoreFew of us really paid attention when Salim Group acquired small but listed insurance PT Asuransi Harta Aman Pratama (AHAP) Tbk few months ago. AHAP has asset less than US$5 million, while Salim’s insurance group already...
Read MoreCoal mining contractor PT Darma Henwa plans to offer its shares to investors in the second half (July the earliest). The company expects to raise between US$200 million to US$250 million. Who are the people behind Darma Henwa?...
Read MorePresident Susilo Bambang Yudhoyono’s declining popularity, including on corruption eradication that earned him landslide victory in 2004 election, increased quite significantly in the last few days, especially after series of “PR” campaigns from Attorney General’s Office (AGO) and National Police to prosecute fugitives hiding in Singapore, and confiscating their assets in the country.
Read MorePT Suparma Tbk, a listed paper producer with combined capacity 1.65% of the national capacity, is looking for US$18 million financing to refinance debts and strengthen working capital. The company will refinance loans provided...
Read MoreTwo groups—Charoen Phokphand and a group familiar with acquisition of distressed assets at IBRA—are currently competing to control the troubled shrimp farm Dipasena, an asset once valued at Rp19 trillion (US$2...
Read MorePT 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...
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