Category: Profiles

People behind Bank Aladin Syariah

Bank Aladin Syariah (BANK) is one of the most ‘valuable’ stock on Indonesia Stock Exchange (IDX) as it is valued 36 times its equity by June 30, 2021. Claiming itself a digital bank, Aladin currently has market capitalization of Rp41.4 trillion, nearly twice the value of Bank Tabungan Pensiunan Nasional (BTPN), which has long launched digital banking product Jenius.

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Mu’min Ali Gunawan & Panin Bribery Case

Prosecutors from the Corruption Eradication Commission (KPK) mentioned the name of Mu’min Ali Gunawan, owner of Panin Group, in the court hearing of bribery case against Angin Prayitno Aji, former official at Directorate General of Taxation, Ministry of Finance. Mu’min’s name is linked to Veronika Lindawati, commissioner of some companies controlled by Panin Group, who is also a suspect in the bribery case.

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Chasing Suyanto Gondokusumo

Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia (BLBI), a task force under Minister of Finance Sri Mulyani Indrawati’s supervision to recover funds from some businessmen related to 1997-1998 financial crisis, has stepped up pressures. The task force, established by President Joko Widodo through President Decree No. 6/2021, seeks to recover Rp904.48 billion from Suyanto Gondokusumo (former owner of Bank Dharmala).

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Chairul Tanjung’s Allo Bank

Shares of Allo Bank (BBHI), which just secured approval from the Financial Services Authority (OJK) to become a digital bank, soared to as high as Rp4,390 to make a market capitalization of Rp51.3 trillion yesterday before settled at Rp3,720. At the same time, shares of Bank Mega (MEGA), also controlled by businessman Chairul Tanjung, surged by 7.53% to close at Rp7,850 (market cap of Rp54.1 trillion).

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Ongko Family’s Assets

The family of Kaharuddin Ongko is required to make a Rp8.18 trillion payment related to the liquidity funds provided to Bank Umum Nasional (BUN), which was collapsed in 1997-1998 Asian financial crisis. The question, of course, whether the State can recover the funds in full as promised in the MRNIA signed by Kaharuddin Ongko?

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Going after Trijono Gondokusumo

Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia (BLBI), a task force under Minister of Finance Sri Mulyani Indrawati’s supervision to recover funds from some businessmen related to 1997-1998 financial crisis, has stepped up pressures. The task force, established by President Joko Widodo through President Decree No. 6/2021, seeks to recover Rp4.89 trillion from Trijono Gondokusumo, former shareholder of PT Bank Putra Surya Perkasa (PSP), and Rp822 billion from Suyanto Gondokusumo (former owner of Bank Dharmala).

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Going after the Harjonos

Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia (BLBI), a task force under Minister of Finance Sri Mulyani Indrawati’s supervision to recover funds from some businessmen related to 1997-1998 financial crisis, has stepped up pressures. The task force, established by President Joko Widodo through President Decree No. 6/2021 issued one more interesting public announcements this morning.

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A Truly Global Consortium at SATRIA Satellite Project

The government and PT Satelit Nusantara Tiga (SNT, member of PSN Consortium) have kicked off construction of ground segment of Satellite of Republic of Indonesia (SATRIA) I in Cikarang, West Java province on Wednesday (Aug 18).This is one of the planned 11 ground segments for SATRIA I, a high-throughput satellite (HTS) with 150 Gbps capacity, the largest in the region.

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Those leaving us behind

Shinta Subekti, wife of Jusuf Wanandi (cofounder of The Jakarta Post and commissioner of Pakarti Yoga Group), has passed away on Tuesday (Aug 17) at 84. Johnny Gunawan Ong, president technology and engineering Charoen Pokphand Group, meanwhile, passed away on Monday (Aug 16).

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Totong Kurniawan passes away

Businessman Totong Kurniawan, co-founder of PT Catur Sentosa Adiprana Tbk (CSAP), one of the largest distributors of building and construction materials, has passed away in Jakarta Wednesday (Aug 11) at 82 years old.

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Jurgen Schreiber passes away

Dr Jurgen Ulrich Schreiber, husband of Angela Trismitro, owner of Laniros Gemala Sakti (LGS) Group and former CEO of PT Dos Ni Roha (now led by Rudijanto Tanoesoedibjo), has passed away last Thursday (August 5) at 74 years old.

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