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.
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.
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?
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.
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.
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.
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.
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.
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.
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.