Jakarta Under Pressure

On Wednesday Sep. 2, 2020, the World Health Organization noted Jakarta’s depleting supply of isolation rooms. Out of the 4,456 isolation rooms available in 67 COVID-19 referral hospitals in Jakarta, 70 percent was taken. On Sep. 8, the Jakarta Province Government, via...

Ministry of Education Caving In?

PJJ or Pembelajaran Jarak Jauh (distance learning) is the hottest term used in Indonesian education circles. Distance learning is an inevitability as the spread of COVID-19 has confined students worldwide to the safety of home. Schools have struggled to cope with this...

Lippo: When It Rains It Pours

It has not been a pleasant year for the Lippo Group. Its massive Meikarta township project is in limbo after the Corruption Eradication Commission swooped in on suspicion of bribery. To add to that, the subsidiary of Lippo Group’s PT First Media, the internet provider...

Revisiting ANTV & Bakrie Media

PT Intermedia Capital Tbk (MDIA), immediate parent of TV station ANTV, booked net profit of Rp393 billion in January-September 2017, an increase of 33.8% from the corresponding period last year. Visi Media Asia (VIVA), holding for media business of Bakrie Group,...

(Simple) Equity Policy in Actions

Some economists criticize President Joko ‘Jokowi’ Widodo’s equity policy saying ‘nothing left to distribute’ or ‘grow the economy first and then distribute’. Jokowi, however, is a believer that he can make a difference through simple policies even though they won’t...

Salim Group’s Water Business

Shares of Moya Holdings Asia Ltd surged by 9.6% to $0.08 Monday. That means Moya has gained more than 100% since Salim Group subscribing 1.4 billion new shares in the Company last year. At the last quoted price, Moya has market capitalization of S$224 million, nearly...

Revisiting Kalla’s Bukaka & Chevron

Bukaka Teknik Utama (BUKK), a company controlled by the family of Vice President Jusuf Kalla, booked net profit of Rp65 billion last year, an increase of 11.2% from 2015. The stock might not be attractive due to low trading volume, but the company’s growth deserved...

Lippo Group’s Plantation Business

Lippo Group is famous for its retail, lifestyle, healthcare, and property businesses. The group also has a long history of operation in financial industry, including banks. But, not many are aware of the group’s natural resources (plantation and mining) businesses....

Hutchison in Indonesia: Next?

President Joko ‘Jokowi’ Widodo is scheduled to welcome leaders of CK Hutchison Holdings Ltd, one of the world’s leading port investor, developer, and operator, at the State Palace this afternoon. CK Hutchison is member of Hutchison Whampoa Ltd, a conglomeration...

Bakrie, Mitsubishi & Glencore

PT Bakrie & Brothers (BNBR) Tbk, an investment company controlled by Bakrie Family, booked net loss of Rp3.6 trillion last year, doubled from 2015, and, accordingly, widened its capital deficiency to Rp6.05 trillion. Because liabilities down only slightly to...
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