IPO to Watch: Ciliandra Perkasa

Two weeks ago, anti-corruption court sentenced Martias (Pung Kian Hwa)—owner and founder of Surya Dumai forestry and plantation group, 1.5 years in prison. He’s implicated in the corruption case of former East Kalimantan governor. But that may not able to...

Asian Agri is in deep trouble

PT Asian Agri, one of the largest CPO producers in Indonesia, is clearly in big trouble as Tax Office formally announced indication of crime committed by the company’s owners. Tax Office also announced today the five suspects in the case under the following...

People behind Dutapalma/Darmex & beyond

Searching through the company’s website at www.dutapalma.com, we will not find names of people behind the group. But the group’s 60,000 hectares of palm plantation deserved attention, especially future plans. Who are the key people behind? There are two...
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