Profiles

“I see bright face of Pak Ical now because coal price hovers above US$400 per ton,”  said President Joko ‘Jokowi’ Widodo during a speech at Golkar Party’s anniversary last week, when he greeted Golkar Party’s chairman of patron board Aburizal Bakrie. Bumi Resources (BUMI), the main cash cow of Bakrie Group, has indeed regained grounds to make a market capitalization of Rp24.35 trillion. 

Businessman Sohit Chairil, whose family has interest in oil palm plantation, heavy equipment, mining, logistic, and property & hospitality, has just passed away in Jakarta on Friday, October 14 at 62 years old. He leaves behind four brothers, who are involved in the businesses, and three sisters.

A waste management startup, Waste4Change, has recently raised US$5 million in A series funding round led by AC Ventures and Barito Mitra Investama, with participation from Basra Corporation, Paloma Capital, PT Delapan Satu Investa, Living Lab Ventures, SMDV, and Urban Gateway Fund.

April 20, 2017, Anies Baswedan, who just won the gubernatorial election, took a helicopter from his private residence in South Jakarta to meet then governor Basuki Tjahaja Purnama (Ahok) at the City Hall. The chopper landed at helipad of Aryaduta Hotel, which is owned by Lippo Karawaci (LPKR). 

We have long speculated broader partnership between Bakrie Group and Salim Group. Following investment in non-coal mining company PT Bumi Resources Minerals Tbk (BRMS), which currently has market capitalization of Rp23.82 trillion, Salim Group entered Bumi Resources (BUMI), the country’s largest coal miner with market capitalization of Rp24 trillion.

Heru Budi Hartono, head of the presidential secretariat, one of trusted aides of President Joko ‘Jokowi’ Widodo, has reportedly topped the selection to become acting governor of Jakarta, replacing outgoing governor Anies Baswedan, whose term ends October 16, 2022. 

So, Anies Baswedan, who has secured nomination from Nasdem Party as president candidate in 2024 election, has met Agus Harimurti Yudhoyono (AHY) at Democratic Party’s headquarter this morning. AHY introduced the so-called Anies-AHY volunteers group, but got no response from Anies, which sparked speculation about his likely running mate.

Mitsui & Co., Ltd has signed a share subscription agreement to acquire an interest in Xurya Pte Ltd., the parent company of Xurya Daya Indonesia, a renewable energy startup that helps provide solar panel installation services last week. The company uses a zero...

Willy Walla, chairman of Wismilak Group, one of cigarette producers in the country, has just passed away on Friday (Sep 23) at 73 years old. He leaves behind two sons, Ronald and Stephen Walla, and five grandchildren.