Category: Reviews

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 its twitter account, reported that, as of Sep. 6, isolation rooms occupancy rate in Jakarta had reached 77 percent.

Read More

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 new reality, and parents are supposedly fatigued with the additional burden of homeschooling. It may explain why the Ministry of Education has decided to allow schools in the green zone to open. The Ministry is also mulling to open schools in the yellow zone.

Read More

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 PT Internux, still owes the Ministry of Communication and Informatics (Kominfo) Rp.463 billion in frequency usage fees. If that’s not enough, in the evening of Tuesday (Dec. 18), a section of the Gubeng Road in Surabaya collapsed. There’s the suspicion that a Siloam Hospital construction project on the said road may have caused the incident.

Read More

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, however, reported net profit of Rp31 billion only, crashed 68% from the same period last year.

Read More

(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 reduce the so-called wealth/asset gap.

Read More

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 twice its equity (S$123 million by Dec 31, 2016).

Read More

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 attention because of its political network.

Read More

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 controlled by Asia’s richest man Li Ka-shing, which has wide-range of operations in Indonesia.

Read More

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 Rp12.6 trillion, BNBR’s total assets eroded further to Rp6.6 trillion, half the size two years earlier.

Read More

Pertamina vs Petronas: Financials

Elia Massa Manik has been confirmed new chief executive officer of state oil and gas company Pertamina yesterday. He will manage a company with liabilities of US$25 billion and total assets of US$47.23 billion, which is almost one-third the size of Petronas (US$136 billion). Last year, Pertamina booked net profit of US$3.15 billion, jumped by 121.6% from 2015 even though sales revenues fell 12.6%.

Read More

Hari Darmawan Heats Up Bakery Market

Indonesia’s bakery market has long been dominated by Salim Group-backed Nippon Indosari, which is famous with its Sari Roti brand. Alfa Group, owner of Alfamart convenience store, and some others, however, have stepped up their challenge. The latest is a joint venture controlled by modern retail pioneer Hari Darmawan.

Read More
Loading
error: Content is protected !!