Category: Profiles

Suryagen & People behind

Indonesia and Singapore have agreed to cooperate in the development of renewable energy projects in the country. Two groups are widely mentioned in this context. First, a group of PT Trisurya Mitra Bersama (Suryagen)-PLN Batam-SembCorp Industries. The second is a partnership between Medco Power (MEDP), Gallant Venture Ltd (Salim Group), and PacificLight Energy.

Read More

Revisiting Bayan Group

Bayan Resources (BYAN) is the only IDX-listed coal company informing shareholders about declaration of force majeure related to the government’s temporary export ban. Yet BYAN shares gained 2.26% to Rp32,875 on Wednesday to make market capitalization of Rp110 trillion, way above Adaro Energy (Rp71 trillion), which is the second largest coal group in Indonesia in terms of output.

Read More

Akulaku’s Portfolios & People

PT Trimuda Nuansa Citra Tbk (TNCA), a company majority owned by Akulaku Silvrr Indonesia involved in logistic and transportation services, informed shareholders about its plan to acquire insurance company Staco Mandiri from some foundations liked to the State banks. Akulaku’s name boosted TNCA’s shares price by ten times in the past 12 months or so.

Read More

The agritech startup eFishery

Indonesian agritech start-up eFishery (PT Multidaya Teknologi Nusantara) has just secured US$90 million Series C Funding from Temasek, Softbank, Sequoia Capital, Northstar Group, Go-Ventures, Aqua-Spark and Wavemaker Partners. Gibran Huzaifah, co-founder and CEO of eFishery, said the funds will be used to improve the plaform and services, making it the largest digital cooperative for fish and shrimp farmers.

Read More

Bambang Sihono & Bumi Resources

PT Bumi Resources Tbk (BUMI), a coal company controlled by Bakrie Family, informed stock market authorities on Tuesday (Jan 11) that one Bambang Sihono has purchased additional 47 million shares, lifting his ownership to 4.9 billion or around 6.6% of BUMI’s total issued and paid-up shares capital. Who is Sihono?

Read More

Key persons @Pluang

Pluang, an investment app, has secured US$55 million Series B funding led by Accel, an American venture capital firm. That means Pluang (PT Bumi Santosa Cemerlang), which competes Ajaib, Bibit, and Bareksa, in the mutual fund platform, secured US$110 million funding in 2021.

Read More

New coal players to watch (2): MNC Group

MNC Group is finalizing injection of its energy assets into PT Indonesia Transport & Infrastructure (IATA) Tbk. MNC Group, controlled by the family of Harry Tanoesoedibjo, is actually not a new player in the coal business. It has long acquired coal concessions with estimated resources of 1.75 billion tons and reserves of 750 million tons.

Read More

Tidjan Ananto passes away

Tidjan Ananto, minority shareholder of PT Panin Investment, ultimate parent of Bank Panin (PNBN), one of the largest banks in Indonesia, passed away late last month in Jakarta at 82 years old. PT Panin Investment is also ultimate parent of PT Verena Multi Finance, one of the largest consumer financing companies in the country.

Read More

New coal players to watch (1): Murdaya Family

Some established coal groups like Bakrie, Adaro, and Indika have recently ventured into new and renewable energy projects, but other business groups have only recently shown major investments in the sector. One of them is PT Hardaya Mining Energy, a subsidiary of CCM Group/Berca Group owned by the family of Murdaya Poo/Hartati Murdaya.

Read More

People behind Daya Mulia Turangga

About three weeks ago minister of public works and housing granted the consortium of Jasa Marga (JSMR), PT Pembangunan Perumahan Tbk (PTPP), PT Waskita Karya Tbk (WSKT), PT Wijaya Karya Tbk (WIKA), PT Jasa Sarana, PT Gama Group, and PT Daya Mulia Turangga a 40-year concession to develop and operate the Gedebage-Tasikmalaya-Cilacap toll road with estimated investment of Rp56.2 trillion or around US$4 billion.

Read More

Gunbuster Nickel Industry

President Joko ‘Jokowi’ Widodo has on Monday (Dec 27) inaugurated commercial operation of PT Gunbuster Nickel Industry (GNI) in the Stardust Industrial Estate, Morowali Utara Regency. GNI reportedly operates 24 RKEF lines with combined output of 1.8 million tons of nickel pig iron (NPI). The ultimate target is to operate 52 RKEF lines with total investment of US$2.7 billion.

Read More

Recharge, the Battery-rental Start-up

The single most important technology of today is the battery. The race to improve batteries’ energy density is the hottest issue as the world relies more on battery-powered devices. Smartphone manufacturers, in particular, continue to improve the capacity of their batteries. However, people are still running out of juice, and not everyone likes the idea of bringing a power bank everywhere they go. So came Recharge, the brand under PT Jalan Terus Aja that offers power bank rental on the go.

Read More
Loading
error: Content is protected !!