Abby Soekarno (Full name Krisno Abiyanto Soekarno), CEO of PT Wahana Bersama Globalindo (WGB) and Paimin Landung (director), have fled the country as fugitives and leaving thousands of investors counting their losses....
Read MoreAttorney General’s Office (AGO) has filed new charges against former Bank Mandiri directors (ECW Neloe, I Wayan Pugeg, and Sholeh Tasripan). AGO argued that their decision to acquire bad loans of PT Kiani Kertas from IBRA...
Read MorePT Radiant Utama Interinsco Tbk entered stock market less than a year. The June 2005 IPO that raised around US$4 million may be too small to attract major institutional investors. But yesterday, the company told JSX that it will...
Read MoreServeral business groups have drafted M&A plans this year. Chairul Tanjung’s business group, for example, plans to acquire companies in various sectors. Malaysia’s Khazanah also plans to take benefit from the...
Read MoreMAKIN Group is a growing plantation group with hundreds of thousand hectares of plantations in the country. The group has 27 subsidiaries operating in CPO Plantation & Refinery, Plywood Manufacturing, Marble Mining, Gloves...
Read MoreSome people have just praised the newly deliberated Investment Law. But recent proposals from various ministries to set the limit of foreign ownerships in key sectors to 35%-49% might be a major setback for the country’s...
Read MorePT Kaltim Prima Coal, the largest coal mining in Indonesia, reported 97% drop in net profit last year, mainly due to significant drop in operating margin. The company’s operating profit decreased 54.7% last year to USD58.6...
Read MoreState-owned airline company PT Merpati Nusantara Airlines (MNA) has entered into a JV cooperation with PT E-Capital Securities and US-based Air XL Inc to develop an air transportation consulting business. The three companies...
Read MoreAfter weeks of speculation about the deal between Tata Power and PT Bumi Resources Tbk, the listed parent company of KPC & Arutmin finally announced part of the SPA today. What’s inside the US$1.1 billion deal? Bumi...
Read MoreFlag carrier PT Garuda Indonesia reported operating loss of Rp378.7 billion in 2006, reduced significantly from Rp668 billion in 2005. The company’s net loss also dropped to Rp197 billion against Rp688 billion in 2005. But...
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