Category: Profiles

Helmy Yahya’s Dismissal & MOLA-TVRI Deal

When we first published the article titled ‘MOLA-MATRIX Heats Up TV Business’ last July, we predicted a heating up in the broadcasting industry. We, however, didn’t predict it would lead to dismissal of Helmy Yahya, CEO of public broadcasting company TVRI. Helmy is younger brother of Tantowi Yahya, Golkar party politician, who is now Indonesian Ambassador to New Zealand.

Read More

New PLN Boss

Minister of State-Owned Enterprises (BUMN) Erick Thohir has made Zulkifli Zaini the new CEO of PT PLN and the former chief of SKK Migas Amien Sunaryadi as the President Commissioner of PLN. Zulkifli has replaced Sofyan Basir,...

Read More

Rudiantara & The Power Players

Rudiantara, former minister of information and communications, will almost certain become the new president director of PT Perusahaan Listrik Negara (PLN), the largest company in Indonesia by total assets. This is another indication of President Joko ‘Jokowi’ Widodo’s stronger grip in major state companies.

Read More

Ciputra passes away

Ciputra is household name in property industry. The man, founder of companies like Ciputra Development (CTRA), Pembangunan Jaya, Jaya Real Property (JRPT), Jaya Konstruksi (JKON), and consumer and corporate electronic company Metrodata (MTDL), has passed away in Singapore.

Read More

Major Business Groups So Far (5)

With the exception of property giant Lippo Karawaci (LPKR), other companies of Lippo Group have released their financial statement for the period ended Sept 30, 2019. Siloam Hospital (SILO), for example, booked net profit of Rp42.88 billion, skyrocketed from around Rp3 billion only in the first nine months of 2018.

Read More

Revisiting Sariaatmadja’s Emtek

Elang Mahkota Teknologi (EMTK), controlled by Eddy Sariaatmadja, once tried to become a conglomerate with diversified businesses. Looks like, however, that Emtek has given up some businesses to focus in media and ICT (including digital economy). The first to let go is the pay TV business, which failed to survive in the highly competitive industry.

Read More

Major Business Groups So Far (4)

Sinarmas Multiartha (SMMA), sub-holding of Sinarmas Group for financial sector, is currently the largest company within the group based on market capitalization. SMMA, which is parent of Bank Sinarmas, has market cap of Rp82.78 trillion or 3.6 x equity as at September 30, 2019 (Rp23.09 trillion).

Read More

Major Business Groups So Far (3)

Bakrie & Brothers (BNBR) reported strong performance in the first nine months of 2019 with net profit of Rp342 billion against loss of Rp1.23 trillion in the corresponding period last year, thanks to improved sales revenues and margins. BNBR, however, only has a market capitalization of Rp1.04 trillion or 0.3 x equity as at Sept 30, 2019.

Read More

Major Business Groups So Far (2)

MNC Investama (BHIT), holding company of MNC Group (Hary Tanoesoedibjo) booked net profit of Rp351.26 billion in the first nine months of 2019 against loss of Rp549.28 billion in the corresponding period of 2018. The company, however, has market capitalization of Rp4.9 trillion or 0.2 x equity as at Sept 30 (Rp30.99 trillion).

Read More

Major Business Groups So Far (1)

Djarum Group, controlled by the Hartonos, is in good shape with Bank Central Asia (BBCA) reporting net profit of Rp20.92 trillion in the first nine months of 2019, an increase of 13% from the corresponding period last year. The Hartonos should be cash-rich because BCA paid out cash dividend of Rp6.29 trillion in Jan-Sep 2019, jumped by nearly 46% from the corresponding period last year.

Read More

Influencers of the New Cabinet (2)

Luhut Binsar Pandjaitan admitted he was about to pack his things when the State Palace asked him to meet President Joko ‘Jokowi’ Widodo ahead of the announcement of new cabinet. He thought that Jokowi would move him to other portfolio in the cabinet. Turned out that Jokowi not only maintaining the retired general in his post, but adding his authority.

Read More
Loading
error: Content is protected !!