AJB Bumiputera is one of the oldest life insurance companies in Indonesia. As at December 31, 2014, the insurance had total assets of Rp25.25 trillion. But, the insurance recorded negative equity of Rp296 billion.
Read MoreAKR Corporindo (AKRA) booked net profit of Rp533 billion in nine months of 2014, collapsed 46.7% from the same period of 2013. The company’s sales revenue (fuels and chemicals) inched up 5.1% only in the period.
Read MoreRini Mariani Soemarno is another controversial name in the new cabinet due to her alleged involvement in scandals of the past. Rini was once questioned as witness in graft cases by the Corruption Eradication Commission (KPK). But the KPK Spokesperson Johan Budi recently stressed the point that being a witness related to a graft cases does not mean a person is undeserving of a ministerial position.
Read MorePuan Maharani’s appointment as the Coordinating Minister for Human Development and Culture drew a lot of negative remarks. But it’s a done deal. Those who disapprove may say what they want to say, but nothing will change the fact that from now onwards, Puan Maharani will be responsible for delivering President Joko “Jokowi” Widodo’s pro-poor programs in healthcare and education, on top of being responsible for poverty eradication and improvement of welfare.
Read MoreEstablished in 1975 by Tan Mong Kong, United Bike began as a bicycle importer under PT Bintang Timur. The development into bicycle manufacturing did not happen until the early 1990s under PT Terang Dunia Internusa. Today, the company is managed by Stephen Mulyadi, Henry Mulyadi and Andrew Mulyadi.
Read MorePT Wijaya Indonesia Makmur Bicycle Industries is one of the oldest bicycle manufacturers in Indonesia. Established by Hendra Widjaja in 1972 as a bicycle part manufacturer under CV Indonesia Makmur, Hendra Widjaja decided to develop his business into full-fledge bicycle manufacturing in 1976 under PT Wijaya Indonesia Makmur Bicycle Industries.
Read MoreBank Tabungan Negara (BBTN) booked net profit of Rp198 billion only in the third quarter of 2014, collapsed almost 47% from the same period of 2013 on falling net interest income.
Read MoreThe new Minister of Communication and Informatics Rudiantara is known for his extensive background in the industry. Aside from being one of the commissioners of Indosat (ISAT)—together with Rachmat Gobel the new Minister of Trade—, Rudiantara is also known as a former executive of XL Axiata and Semen Gresik, and, last but not least, PT Rajawali Asia Resources, a company controlled by tycoon Peter Sondakh.
Read MoreNewly appointed ministers have separately issued their first statements on their priorities. They are expected by President Joko Widodo to spend more time in implementation and actions, not in concepts.
Read MoreComposite index of Indonesia Stock Exchange (IDX) ended lower by almost 1% Monday as some domestic investors were upset with the cabinet lineup. Foreign investors, however, purchased more Indonesian stocks, shown by net buy of Rp674 billion, the largest daily net buy in weeks.
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