Small bank PT Bank Multicor Tbk controlled by Mr Suganda Setiadi Kurnia kicks off initial public offering (IPO) of 300 million new shares (represent 17.35% of the bank’s paid capital after IPO) at nominal value of Rp100...
Read MoreIt’s not just companies that regularly do the ‘window dressing’. Cabinet members are busy making statements about their performance ahead of reshuffle plan to be announced immediately. One minister placed 8-pages sponsored article, while others orchestrated events to attract the president’s attention and horse tradings with politicians. The president has ordered all ministers to stay in town in the next few days, a clear sign that the reshuffle will be announced as planned.
Read MoreIn less than eight years, Djava Energy has emerged as one of the biggest player in the Indonesia’s oil and gas business. Petromine Energy Trading, one of its subsidiaries, booked revenue above US$120 million last year from oil trading alone, a growth more than 100% from 2005. Liberalization of downstream oil and gas market has also placed the company as an important player thanks to its relationship with Petronas. Who are the people behind it?
Read MoreEconomist M Fadhil Hasan, former special staff of Rokhmin Daruri (former minister for fishery and marine resources under Megawati administration), told a court hearing here yesterday that sand importers in Singapore gave US$400,000 of ‘thank-you money’ to minister Rokhmin (a suspect in corruption case) in February 14, 2003. A Valentine gift?
Read MoreTwo major subsidiaries of Asia Pulp & Paper—PT Indah Kiat Pulp & Paper (INKP) Tbk and PT Pabrik Kertas Tjiwi Kimia (TKIM) Tbk—reported healthy sales growth last year but booked combined net losses of US$248...
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