Author: yosefardi.com

BOGA Group & People Behind

Boga Group’s headquarter is actually in our neighborhood at Grand Wijaya Center, South Jakarta. The group is among growing players in the F&B market through its famous brand Bakerzin and some other brands. Who’s behind the group?

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Bracing For More High-Profile Cases

Harry Azhar Aziz, former lawmaker from Golkar Party, who is now chief of the Supreme Audit Agency (BPK), released the agency’s audit report for State funds in the period of 2009-2014 (first half only) Tuesday (Dec 2nd). The same day, Bambang Brodjonegoro, minister of finance, warned companies to stop transfer pricing practices. The anti-money laundering agency PPATK, meanwhile, submitted reports about 10 major suspicious transactions to the Attorney General’s Office…

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Market Snapshots & Corporate Actions

Market players would continue to deal with volatility in commodities and currencies…Last night almost all key commodities, including crude oil and natural gas, lost ground in US markets, while USD gained grounds to its new high. Corporations in this report: Benakat Integra, Budi Acid Jaya, Capitalinc, and Sorini Agro Asia.

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The Search for the New Chief of Tax (II)

The Committee for the selection of the Finance Ministry’s new Chief of Taxation Office has passed 28 candidates from the administrative verification process. But the Indonesian Forum for Budget Transparency (FITRA) doubts the quality of said passed candidates. But who are these candidates?

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When Megawati Speaks Up

Online news portal Kompas.com published an interesting, brief interview with Megawati Soekarnoputri yesterday (Dec. 1). The Chairwoman of the Indonesian Democratic Party of Struggle spoke candidly about disappointment in PDI-P’s ranks. This is the first time for Megawati to publicly address the apparent discontent within her party.

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A Divided Golkar: From Bali to Jakarta

Airlangga Hartarto decided to back down from his Golkar chairmanship bid at Aburizal “Ical” Bakrie’s chairmanship congress (Munas) in Nusa Dua, Bali. Airlangga said that the congress was by design benefitting the incumbent. Around the same time, a voice recording allegedly belonging to Ical loyalist Nurdin Halid emerged, detailing a plan for influencing voters for Ical’s victory.

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Market Snapshots: Rupiah & Commodities

The rupiah reached its lowest level for the past six months, weakened 0.6% to Rp12,281 against the US dollar on Monday (Dec 1). The rupiah gets additional pressure from the worse-than-expected export and inflation data released by the Central Bureau of Statistics (BPS) on Monday. The slowing down of export and growing inflation would lead the rupiah to further depreciation over the US dollar.

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J Trust, Bank Mutiara & Mayapada

Indonesian Depositors Insurance Agency (LPS) has on November 20, 2014 handed over 99% shares in the controversial Bank Mutiara (BCIC) to Japanese company J-Trust, which paid Rp4.41 trillion (equals to price-to-book value of 3.5x). J-Trust has so much to clean up the plate…

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Endless Open War Between TNI and POLRI

The mini siege warfare that happened at Batam last month has yet again put the conflict between the Indonesian Military (TNI) and the Indonesian Police Force (POLRI) at the forefront of national attention. Indeed, both institutions have not been the best of friends. The Commission for Missing Persons and Victims of Violence (KontraS) noted that there were at least seven clashes between members of TNI and POLRI that took place between the period of October 2013 to September 2014.

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Trading in Sekawan Intipratama: How Real?

Shares of Sekawan Intipratama (SIAP), a junior coal player, gained 4.84% to Rp303 last Friday with around 424 million shares exchanged hands. At the closing price, Sekawan had market capitalization of Rp7.27 trillion, twice of Bumi Resources (BUMI). On Monday, Dec 1st, SIAP became the most frequently traded stock on Indonesia Stock Exchange.

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