It’s down to two groups competition in the divestment of 3% shares of copper and gold mining giant PT Newmont Nusa Tenggara (NNT) valued at around US$109 million. It’s between PT Bumi Resources Tbk and PT Trakindo Utama. This is a warming-up to the bigger fight for another 7% of NNT should be divested until early 2008.
Read MoreMost of small banks in the country are controlled by individual or non-financial institution shareholders. Pursuant to Bank Indonesia Regulation No. 14/8/PBI/2012 about ownership in banks, they are only allowed to own a maximum 30% shares.
Read MoreFirst Resources Ltd, controlled by Martias family (Surya Dumai Group), posted Rp701.6 billion net profit in the first half 2008, increased 222% from the same period last year. First Resources booked sales revenue of Rp1.453...
Read MoreCompetition between Charoen Phokphand and Kemila Group to takeover giant shrimp farm PT Dipasena for around US$450 million has been intensified with the ‘story’ published in Media Indonesia today that Recapital...
Read MoreIn the early days of reform almost a decade ago, Setiawan Djody’s 5% ownership at PT Telkomsel. Reports said Djody got the shares after KPN (Netherland) gave its guarantee. KPN did that upon request of then...
Read MoreIntegrated feed mill PT Japfa Comfeed Tbk has started the Rp500 billion bond offering to finance some projects and refinance loans. According to its prospectus published this morning, 20% of the proceeds will be used for...
Read MoreIndoprima plans to build a tin smelter with installed capacity of 8,000 tones/year in Surabaya, East Java. Indoprima established a new JV PT Indonesia Tin Industries which will absorb at least 101 workers. Get to know the group....
Read MoreThe largest listed palm oil plantation by market capitalization PT Astra Agro Lestari (AALI) Tbk is working on acquisition of 75,000 hectares of plantation in Sumatra and Kalimantan as part of the company’s plan to have...
Read MoreBenjamin Jiaravanon, son of Suneth Jiaravanon—founder of PT Central Pertiwi (Charoen Phokphand) acquires 51% shares of Commerzbank AG in Finconesia Bank, a bank with total asset of Rp1.09 trillion. Benjamin Jiaravanon...
Read MorePT Humpuss Intermoda Transportasi (HITS) Tbk—a shipping company controlled by Tommy Soeharto, plans to sell two tankers and use the proceeds to buy five new Panamax and chemical tankers. The company is looking for bank...
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