Bank MNC International (previously Bank ICB Bumiputera) and Bank Pundi (BEKS) are in the process of merger to create a bank with total assets of around Rp20 trillion. Bank MNC, controlled by Hary Tanoesoedibjo, grew 15.5% last year, mainly because of significant placement of cash by companies controlled by MNC Group.
Read MorePT SmartFren Telecommunication (FREN) Tbk posted net loss of Rp1.38 trillion last year, down 45.6% from Rp2.53 trillion in 2013. With accumulated losses of almost US$1 billion in the past few years, how much more Sinarmas Group should inject to keep SmartFren alive?
Read MoreXiaomi has reportedly taken the top spot in China’s smartphone market away from Samsung last year, according to a report from ICT research firm IDC. How about Indonesia’s smartphone market?
Read MorePT TiPhone Mobile Indonesia (TELE) Tbk has taken over number one spot in Indonesia’s ICT retail market last year, thanks to its strong 39.2% growth, way above competitors, Erajaya Swasembada (ERAA) and Trikomsel (TRIO). How come?
Read MoreJokowi-Kalla administration continues distributing positions in state-owned companies to politicians, especially members of the ruling coalition (Great Indonesia Coalition/KIH), despite growing criticism from civil society leaders. One politician from National Awakening Party (PKB), for example, has been appointed commissioner of state cement producer Semen Baturaja (SMBR).
Read MoreLand consignment mechanism is regulated in Law No. 2/2012 on Land Acquisition for Development in the Name of Public Interest. Consignment, or compensation from the government entrusted to the district court, in accordance with Art. 42, applies to residents that’ve refused compensation, and have thus obstructed development for public interest, whereupon land acquisition of a given project has reached 75% of the total area for the construction.
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In a move to prevent stagnation of development, the State instituted the right to procure land by way of revocation of property rights. Land acquisition for public interest first came to fore with Law No. 5/1960 on Basic Agrarian Laws. Then the Law No.20/1961 formed the land revocation institution but it proved ineffective over time. And then there were regulations on the release of land rights, but things still didn’t move as smoothly as expected. The most recent solution to the decades of issues is the Law No. 2/2012 on Land Acquisition.
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Oil and gas producer PT Medco Energy International (MEDC) Tbk is one of the largest ‘national players’ in the industry. This Company, unfortunately, posted net profit of US$10.1 million only last year, dropped almost 20% from 2013.
Read MoreIndonesia is well known for cultural diversity. But pervasive pop culture has challenged the relevance of cultural heritage. The Indonesian government responded to this phenomenon by strengthening their commitment to bring to fore local heritage, such as the traditional music genre Indonesians call Keroncong.
Read MorePT Atlas Resources Tbk (ARII) is one of coal producers seriously affected by downfall of both prices and demand of thermal coal in the region. The Company’s sales revenue collapsed 67% to US$38.5 million last year.
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