Bakrie & Sinarmas: Business & Politics

A plan to merge Bakrie Telecom (BTEL) and SmartFren (FREN), both are struggled CDMA operators, is only one of interesting deals between the two groups. Like in other sectors, Sinarmas seems always there to ‘bailout’ Bakrie Group.On BTEL-FREN deal, BTEL said both...

Tjokrosaputro: Debts, assets, and power

If you happen to search through JSX.co.id, you will find lots of names linked Tjokrosaputro. The debt ridden corn mill PT Suba Indah Tbk, the growing energy company PT Central Korporindo Tbk, till the little known PT Bumi Teknokultura. The group is well known for its...

Djarum controls 92;18% Farindo Investment

Farallon Capital and Alaerka Investment (controlled by Djarum Group) changed ownership structure at Farindo Investment (Mauritius) Ltd which controls 51.18% PT Bank Central Asia (BCA) Tbk, an official at Bank Indonesia said today. “Under the new structure,...

Indonesia’s Yuri Orlov

I bet most of you have seen Lord of War with Yuri Orlov (Nicholas Cage) as the arms dealer with his brother Vitaly (Jared Leto) as partner. So, brothers-in-arms. “Yuri doesn’t believe in concepts like “right or wrong.” He doesn’t believe that things are black or...
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