Arifin Panigoro passes away, Medco?
Arifin Panigoro, cofounder of Medco Group, has reportedly passed away in Mayo Clinic, Rochester, USA on Sunday, February 27 at around 14.45. We reported about his health on February 18, 2022. Arifin, who is member of the President’s Advisory Council (Wantimpres), passed away two weeks before his 77th birthday.
Gunawan Gozali passes away
Gunawan Gozali, family member of the big family of Nursalim-Gozali (Gajah Tunggal Group), has passed away on February 25, 2022. Gunawan is son of the late Kurniawan Gozali, who is linked to Itjih Nursalim (Go Giok Lian), wife of Sjamsul Nursalim.
Business Groups: Arifin Family
Raden Ayu Suhardani Arifin, wife of the late Lt General (ret) Bustanil Arifin, has just passed away. The late Bustanil was among the richest lieutenants of then president Soeharto, who ruled the archipelago for more than three decades. The late Bustanil-Suhardani pair leaves behind four children and lots of assets, mainly in food business and properties.
Digiscore & Finpedia: Political Links
The presence of Chinese giants’ in Indonesia’s digital business world is very much felt. In the crypto sector, there is Binance with its investment in Tokocrypto. In fintech, there is Jianpu Technology with its Indonesian subsidiaries Finpedia and Digiscore.
Alex Chandraatmadja passes away
Alex Chandraatmadja, founder and chairman of Balihai Brewing Company, has passed away on February 14, 2002 at 76 years old. He leaves behind a wife (Thian Soek Joen), four children, and ten grandchildren.
Adna Group & People Behind
Kuaci sunflower seed snack is quite popular in Indonesia. Some companies managed to modernize the snack and exporting it. One of them is Adna Group. Adna Group controls PT Gumindo Bogamanis, which produces the popular Kuaci Rebo brand from its factory in Cikande,...
Tjipto Pusposuharto passes away
Pharmaceutical businessman Tjipto Puspusuharto (Ong Tiong Lie) has on Tuesday, February 8th, passed away in Jakarta at 90 years old. He leaves behind three children, seven grandchildren, and some strategic assets.
Firmansjah Aluwi passes away
Firmansjah Aluwi (Liauw Fie Tjong), father of businessman Hartawan Aluwi, has passed away in Jakarta at 94 years old on Friday, February 4th. He leaves behind three children and five grandchildren, including Kevin Bryan Aluwi, co-founder and chief financial officer (CFO) of GoJek.
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.
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.