Category: Profiles

Suryani Mulyana passes away

Suryani Mulyana (Souw Lee Nie), wife of the late businessman Hadi Budiman (Ang Kok Ha)—-founder of Imora/Prospect Motor, one of the largest business groups in Indonesia, has passed away Sunday (Sep 15) at 90 years old. Suryani leaves behind eight children, including Muljadi Budiman, commissioner of PT Tifico Fiber Indonesia (Tifico) Tbk.

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Erwin Raharjo Passes Away

Erwin Suryo Raharjo (Lim Sin Kwang), co-founder of Sibalec, the largest cable distributor in Indonesia, has passed away Sunday (Sept 15) at 92 years old. Erwin is grand father of Bayu Adiwijaya Soepono, president director of PT Supreme Cable Manufacturing Tbk (Sucaco/SCCO), the largest cable manufacturer in the country.

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The Big Habibie Family (2)

Pasha Habibie, grandson of the late president BJ Habibie (BJH), is now expected to realize BJH’s dream in commercial production of R-80 aircraft. Pasha Nur Fauzan, son of Ilham Akbar Habibie, is currently studying aeronauticals at Illinois Institute of Technology (USA). BJH often mentioned Pasha’s name, who he considered having similar passion in the aerospace industry.

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The Big Habibie Family (1)

Baharuddin Jusuf Habibie (BJH), third president of the republic of Indonesia, is clearly the most famous. Trailing behind might be his son Ilham Akbar Habibie. BJH, who passed away yesterday, leaves behind a big family with members in various business, social and political organizations.

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Bakrie’s Kangean Deal

Mitsubishi Corp and JAPEX acquired 50% interest in the Kangean production sharing contract (PSC) back in 2007 from Bakrie Group with estimated enterprise value of US$720 million. Two years later, JBIC and BTMU signed syndication loan facilities of US$300 million to finance development of the so-called Terang, Sirasun, and Batur (TSB) gas fields. This year, Bakrie Group repurchased 25% interest from Mitsubishi.

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Ishak Quenda Passes Away

Ishak Quenda, co-founder of the Duta Putra Group, has passed away on Monday (Aug 26) at 77. He leaves behind a wife, five children, and one of the largest property developers in the greater Jakarta area.

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Revisiting Soedarpo Corporation

So, Bani Maulana Mulia, director of PT Samudera Indonesia (SMDR) Tbk, has just tied the knot with actress Lulu Tobing, ex wife of Danny Rukmana (grandson of the late president Soeharto). Bani is son of Masli Mulia, president director of SMDR, and Chandraleika Soedarpo (daughter of founder of SMDR).

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Falcon House: Hospitality & Hospital

Private equity firm Falcon House Partners, co-founded by Glenn M Yusuf (former chairman of Indonesia Bank Restructuring Agency (IBRA), has aggressively invested in the country’s hospitality industry through Ismaya Group, the Potato Head Group, and Harvest, even though there were reports two weeks ago about Falcon’s plan to leave Potato.

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Nazir Razak’s Ikhlas Capital

Former chairman of CIMB Group Nazir Razak, who is younger brother of former Malaysian prime minister Najib Razak, has established Ikhlas Capital, a private equity firm specializing in ASEAN region. The PE reportedly planned to raise US$1 billion fund at the time of questionable performance of private equity firms in the region.

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Bentjok’s Double Trouble

Bliss means perfect happiness, great joy…Bliss Properti (POSA) seemed to provide such joy when the stock rallied from Rp150 (initial public offering/IPO price) to as high as Rp755 as of July 11. But, that’s it. Too fast too soon. The stock then collapsed to Rp112 last week before Indonesia Stock Exchange (IDX) suspending its trading.

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Frans B Siswanto passes away

Frans Bambang Siswanto, one of famous businessmen in Bali Island, has passed away Thursday (Aug 8) in Kuala Lumpur, Malaysia. Frans, who is chairman of Trust Securities (brokerage) and Patra Supplies and Services (catering services), leaves behind lots of assets, mostly in the property sector.

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