ABM Investama (ABMM) announced on Thursday that it has been selected as the winning bidder in the auction held by GMR Coal Resources Pte. Ltd. (India) as the seller, to purchase 1.76 billion shares or equivalent of 30% of the issued and fully paid shares in Golden Energy Mines (GEMS), a coal mining group owned by Sinarmas (Widjaja Family).
Read MoreSinarmas Group, controlled by Widjaja Family, ended first half with relatively strong performance almost all of its business units. Looking at financials of the business units, Widjaja Family remains one of the cash-rich families in the country.
Read MoreThe so-called Musyawarah Rakyat (Musra), a presidential convention held by the volunteer groups of President Joko “Jokowi” Widodo to find presidential and vice presidential candidates for 2024 race, has ended on Wednesday (Aug 31) with surprising outcomes. Let’s talk a bit about this convention and its outcomes.
Read MoreA week after her meeting with the chairman of Nasdem Party, Surya Paloh, Puan Maharani is expected to meet with the chairmen of two other major parties. Puan, who is the daughter of PDIP Chairperson Megawati Soekarnoputri, will meet with Airlangga Hartarto, the chairman of Golkar Party, and Prabowo Subianto, the chairman of Gerindra Party, this weekend.
Read MoreGoTo Gojek Tokopedia (GOTO), the largest digital ecosystem in Indonesia, suffered loss attributable to owners of Rp13.64 trillion in the first half (H1) of 2022, widened from Rp6.28 trillion in the corresponding period of 2021. Actually revenue jumped 79% year on year to Rp3.39 trillion, but cost of revenues also jumped 65.8% y/y to Rp2.47 trillion.
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