Category: Profiles

Laksamana Sukardi, former minister of state-owned enterprises and former treasurer of PDI-P, has decided to return to politics. Laksamana has joined Partai Kebangkitan Nusantara (PKN), a new political party established by loyalists of Anas Urbaningrum, former chairman of Democratic Party.

Businessman Moertomo Basoeki (Tjan Swie Tjong), owner of some toll roads in Indonesia, has on Sunday (Feb 12) passed away. He leaves behind a wife, two daughters, and three grandchildren. 

Juniver Girsang & Partners Law Firm published one full page of announcement at Kompas newspaper this morning related to a court ruling in the case between its client Septanto Probosutedjo and other family members of the late Probosutedjo, half-brother of the late president Soeharto. 

Businessman Robbyanto Budiman, CEO of Wahana Artha Group, one of the largest distributors of motorcycles in the country, has on February 10, 2022 passed away in Gleneagles Hospital, Singapore. The 56 years old leaves behind a wife and three children.

Who’s not in the nickel industry is like who’s not in the coal mining industry many years ago. Almost all major business groups in the country have been involved in the industry, including Djarum Group, which is owned by Indonesia’s richest family the Hartonos. 

Property developer, PT Sri Pertiwi Sejati (SPS) Group will develop Cikarang International City (Cinity) as a center for commercial and residential areas in Cikarang, West Java province for Rp20 trillion of investment in its first stage. Sitting in 500 hectares of land, Cinity will be developed into a township while separating itself from the industrial area. 

In August 2022, Reuters reported a plan from Tsingshan Holdings to sell some assets in Indonesia to Baowu Steel, one of the world’s largest steel producers with annual production capacity of 120 million tons. Both companies yet to update investors about progress of their talks, but Baowu has gained more grounds in Indonesia recently.

So, one in three electric cars uses batteries produced by China’s CATL. In the first three weeks of 2023, the company has signed three important agreements, two in China and one in Indonesia. In China, CATL signed business...

A beauty brand Esqa by PT Keva Cosmetics International has raised US$6 million in a series A funding round led by Unilever Ventures with participation from East Ventures. The fresh funding, therefore, will be used for product development, hiring, marketing, and expansion purposes.