Salim Group Acquires Ariobimo Office Tower from Hary Tanoe
Salim Group has acquired Ariobimo Office Tower in Kuningan business district, South Jakarta from MNC Land, a company controlled by Hary Tanoesoedibjo, for US$78 million.
Read MoreAuthor: yosefardi.com
KPK & DPR on Rini & Mitratel Deal
The Corruption Eradication Commission (KPK) has warned minister of state-owned enterprises Rini Mariani Soemarno regarding share swap deal between PT Telkom Tbk (TLKM) and PT Tower Bersama Infrastructure (TBIG) on tower company Mitratel.
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Lippo Sells 49% Shares in Macau Chinese Bank
Lippo Limited and Honkong Chinese Limited (controlled by Lippo) have on Friday (June 26) signed the sale and purchase agreement regarding their 49% shares in the Macau Chinese Bank Limited.
Read MoreThe Remains of Bakrie Telecom
Forget about it! It’s gone! These are common comments from market players when asked about Bakrie Telecom (BTEL), which just released its financials for the period ended March 31, 2015. In the quarter, BTEL booked net loss of Rp1.5 trillion against ‘net profit’ of Rp218 billion in the corresponding period of 2014.
Read MoreUnited Tractors’ May Data: Signs of Recovery?
United Tractors (UNTR) has just released operational data for May 2015. Pamapersada Nusantara, coal mining contracting subsidiary of UNTR, produced 9.1 million tons of coal in the month, an increase of almost 10% from April, even though it was still below May 2014.
Read MoreM&A Updates: Rajawali-Felda Acquisition
Rajawali Corpora, investment company controlled by Peter Sondakh, intends to acquire 20-30% shares of Felda Global Ventures (FGV) Holdings Bhd, world’s third largest palm plantation based in Malaysia, following FGV’s intension to buy more shares of PT Eagle High Plantations Tbk (BWPT) after finalizing current 37% BWPT shares acquisition.
Read MoreCabinet Reshuffle & the Battle within the Ruling Coalition (Part II)
President Joko “Jokowi” Widodo met with the Chairman of the National Awakening Party (PKB) Muhaimin Iskandar at the State Place yesterday (June 25). The President’s Communications Office told the press that only Muhaimin was present at the closed-door meeting. It isn’t clear what the President discussed with Muhaimin, but many suspect that it has to do with the issue of cabinet reshuffle.
Read MoreQuestioning the Relevance of KIH & KMP
The boundary separating the Great Indonesia ruling coalition (KIH) and the Red-and-White opposition group (KMP) seems to have grown increasingly flexible. The most recent example is the passage of the controversial proposal for Electoral Region Development Fund (UP2DP), the plan popularly known as the aspiration fund. The House of Representatives is very keen on having the Rp11.2 trillion approved.
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Sweet Deal for Hutchison in Priok Ports
Minister of state-owned enterprises Rini M Soemarno has on June 9th, 2015 approved the deal between state port management company PT Pelindo II and Hutchison Port, owned by Asia’s richest man Li Ka-shing. Hutchison pays only US$250 million to get 49% shares in the port, which should have been handed over to Pelindo II by 2019. Some believe Hutchison is overtly benefited from the deal.
Read MoreThe e-KTP Case Continues
The Corruption Eradication Commission (KPK) continues to investigate allegations of corruption in the Ministry of Home Affairs (Kemendagri) related to the procurement of Identity Card (KTP) management system, otherwise better known as e-KTP. The disgraced Democratic Party Treasurer Muhammad Nazaruddin was the one who came up with the allegations. Nazar reported the details of the case to the KPK through his lawyer Elza Syarief.
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