Recent Articles

Former IBRA Chairman Named Suspect, Next?

The Corruption Eradication Commission (KPK) has finally named Syafruddin Arsyad Temenggung, chief of Indonesia Bank Restructuring Agency (IBRA), an agency established to handle bad loans and assets related to Bank Indonesia Liquidity Assistance (BLBI) from financial crisis 1997, as corruption suspect.

Business

Palm Oil: How Low Will You Go?

The benchmark July 2017 contracts of crude palm oil (CPO) dropped significantly by RM57 to RM2473 per ton on the Bursa Malaysia Derivatives Tuesday (Apr 25). Contracts for October 2017 were the lowest at RM2408, reflecting anticipation of market players about higher supply in the coming months.

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President Jokowi Inaugurates Mitsubishi Factory

President Joko “Jokowi” Widodo today (Apr 25) inaugurated factory of PT Mitsubishi Motor Krama Yudha Indonesia in Cikarang, Bekasi, West Java. This factory is said to absorb around 3000 workers. The competition for...

Jiangling Motors to Enter Indonesia

China-based Automotive manufacture Jiangling Motors Corp Ltd (JMC) is keen to enter Indonesia market, Detikfinance.com repoted. JMC has since 2000 operated in Southeast Asian region such as Vietnam, Philippine, Malaysia, Brunei,...

Groundbreaking of Patimban Port Early 2018

The Transportation Ministry will start construct or build Patimban port (groundbreaking) in Subang, West Java in early 2018. This project costs Rp42.22 trillion. The Government is set to sign loan agreement worth US$1.7 billion...

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Profiles

SinemArt’s Shareholding Dispute: Hary Tanoe v. Sariaatmadja

Two of the biggest television companies, PT Media Nusantara Citra Tbk (MNCN) belonging to Hary Tanoesoedibjo and PT Surya Citra Media Tbk (SCMA) controlled by the Sariaatmadja family, are having a dispute over shareholding in PT Sinemart Indonesia, one of the biggest entertainment and production house companies in Indonesia. The dispute occurred after a court decision stating that the sale of shares of PT Sinemart Indonesia to SCMA's subsidiary, which was conducted in January 2017, is not valid. What's interesting is that the decision was made in an in absentia trial and PT Sinemart Indonesia had no knowledge of the trial whatsoever. How is that possible?

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