Category: Profiles

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. 

Kaesang Pangarep, the the youngest son of President Joko “Jokowi” Widodo, will tie the knot with Erina Sofia Gudono next month. The groom and the bride have yet to officially announce their wedding day, but many reports said the...

Raden Muhamad Soeboeb Sariaatmadja, father of Raden Eddy Kusnadi Sariaatmadja, who is controlling owner of Emtek Group, has passed away on Thursday (Nov 10) at 98 years old. 

Businessman Darmawan Kurniadi, co-founder of Mayora Indah (MYOR), one of the largest food and beverages companies in Indonesia, has passed away on November 1st, 2022 at 89 years old. He leaves behind a daughter and two grandchildren.

“I see bright face of Pak Ical now because coal price hovers above US$400 per ton,”  said President Joko ‘Jokowi’ Widodo during a speech at Golkar Party’s anniversary last week, when he greeted Golkar Party’s chairman of patron board Aburizal Bakrie. Bumi Resources (BUMI), the main cash cow of Bakrie Group, has indeed regained grounds to make a market capitalization of Rp24.35 trillion. 

Businessman Sohit Chairil, whose family has interest in oil palm plantation, heavy equipment, mining, logistic, and property & hospitality, has just passed away in Jakarta on Friday, October 14 at 62 years old. He leaves behind four brothers, who are involved in the businesses, and three sisters.

A waste management startup, Waste4Change, has recently raised US$5 million in A series funding round led by AC Ventures and Barito Mitra Investama, with participation from Basra Corporation, Paloma Capital, PT Delapan Satu Investa, Living Lab Ventures, SMDV, and Urban Gateway Fund.

April 20, 2017, Anies Baswedan, who just won the gubernatorial election, took a helicopter from his private residence in South Jakarta to meet then governor Basuki Tjahaja Purnama (Ahok) at the City Hall. The chopper landed at helipad of Aryaduta Hotel, which is owned by Lippo Karawaci (LPKR). 

We have long speculated broader partnership between Bakrie Group and Salim Group. Following investment in non-coal mining company PT Bumi Resources Minerals Tbk (BRMS), which currently has market capitalization of Rp23.82 trillion, Salim Group entered Bumi Resources (BUMI), the country’s largest coal miner with market capitalization of Rp24 trillion.