Category: Business
Recent Articles
New Presidential Special Advisors: Dudung Abdurachman
General (ret) Dudung Abdurachman, former Army Chief of Staff (KSAD), has been appointed by President Prabowo Subianto as the special advisor for defense. Dudung, moreover, has also been appointed as the new chief of the Defence Industry Committee (KKIP).
Business
Downfall of F&B Retailers (3): The Duck King
PT Jaya Bersama Indo Tbk (DUCK), owner of the Duck King restaurant chain, launched initial public offering (IPO) in October 2018, the same year with Pizza Hut (Sarimelati Kencana). Underwriters of the IPO claimed an oversubscription of 80 times, but trading in the stock has been suspended in the past few years.
Profiles
New Ministers: Sjafrie Sjamsoeddin
Pretty much as predicted, President Prabowo Subianto appointed his closest buddy and trusted aide since their years at the military, Lt. Gen. (ret) Sjafrie Sjamsoeddin, as the new Minister of Defense. Sjafrie is assisted by one Vice Minister, Vice Air Marshal (ret) Donny Ermawan, who previously worked as the secretary general of Defense Ministry when Prabowo served as Defense Minister under Jokowi’s administration.