Starting Tuesday, April 24, PT Media Nusantara Citra—a subsidiary of PT Global Mediacom (prev. Bimantara Citra) offers its shares to public. At the same time, PT Bhakti Investama Tbk, majority owner of Global Mediacom is...
Read MoreOnce controlled almost 80% of PT Davomas Abadi Tbk, Indonesia’s largest cocoa butter & powder producer, Mr Husein Sutjiadi (the richest No.33 in Forbes’ rich list for Indonesia) reduced significantly his...
Read MoreSanex is a growing business group established by several businessmen with interests ranging from motorcycles, steel, and telecommunication. But in the last few months, they’re fighting each other and involved in legal...
Read MoreListed tire manufacturer PT Multistrada Arah Sarana Tbk announced today its plan to raise funds through a rights issue for bond payment, finance its expansion and strengthens its working capital. Who actually owns and controls...
Read MoreAbby Soekarno (Full name Krisno Abiyanto Soekarno), CEO of PT Wahana Bersama Globalindo (WGB) and Paimin Landung (director), have fled the country as fugitives and leaving thousands of investors counting their losses....
Read MoreEnding months of speculation, President Susilo Bambang Yudhoyono confirmed today his plan to reshuffle the cabinet and announce the changes by early May or two weeks from now. That would make some important decisions postponed, especially privatization plans.
Read MoreAttorney General’s Office (AGO) has filed new charges against former Bank Mandiri directors (ECW Neloe, I Wayan Pugeg, and Sholeh Tasripan). AGO argued that their decision to acquire bad loans of PT Kiani Kertas from IBRA...
Read MorePT Radiant Utama Interinsco Tbk entered stock market less than a year. The June 2005 IPO that raised around US$4 million may be too small to attract major institutional investors. But yesterday, the company told JSX that it will...
Read MoreForget about Bakrie Family for a while. Let’s talk about Barki Family, owner of several coal mining concessions in the country. Family Members: Kiki Barki Anita Barki Lawrence Barki Key Assets 1) Tanito Coal, produced 2.7...
Read MoreServeral business groups have drafted M&A plans this year. Chairul Tanjung’s business group, for example, plans to acquire companies in various sectors. Malaysia’s Khazanah also plans to take benefit from the...
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