Recent Articles

New line-up of Golkar Party

Airlangga Hartarto, chairman of Golkar Party, has finally revealed new line-up of the party’s central board (DPP). Airlangga accommodates the interest of various groups in the party, including those considered close to VP Jusuf Kalla and Coordinating minister for maritime affairs Luhut Binsar Pandjaitan. Interestingly, former director general of tax Ken Dwijugeastiadi is appointed deputy chief of economic affairs at the party.

Business

IPO to Watch: Borneo Olah Sarana Sukses

PT Borneo Olah Sarana Sukses (BOSS), a small coal producer, has this morning kicked off its initial public offering (IPO) for 400 million shares, representing 28.57% of its total issued and paid-up capital. The pre offering or book building is set for Jan 24-26, 2018 and the offering is scheduled for Feb 9-13, 2018. Listing on the Indonesia Stock Exchange (IDX) is expected for Feb 21, 2018. PT Victoria Sekuritas Indonesia acts as underwriter for this IPO.

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OJK Cuts Margin Hedging Transactions by 10%

The Financial Services Authority (OJK) plans to issue a regulation on currency hedging, the intention of which is to extend protection to investors in the stock market against any decline of the Rupiah. Chairman of the OJK Board...

Citilink Targets to Transport 15.7 Million Passengers

Budget airliner Citilink Indonesia, a subsidiary of Garuda Indonesia (GIAA) targets to transport 15.7 million passengers in 2018, increased 26.6% from realized 2017 totaling 12.4 million passengers, the company’s President...

Sun Life Posts 72% Jump in Premium Income

Insurer PT Sun Life Indonesia booked premium income of Rp2.9 trillion in 2017, jumped 72% from 2016. Unit Linked contributed premium income of Rp2.3 trillion while traditional products segment contributed Rp565.5 billion....

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Profiles

Sukanto & Domestic Politics

Sukanto Tanoto is still one of the richest men in Indonesia. His Royal Golden Eagle (RGE) Group is among the most aggressive investors with two major projects in pulp & paper industry with combined investment of above US$1.3 billion. The Group, however, at the same time seems at odd with the government.

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