Category: Profiles

Sariaatmadja-Tanoesoedibjo

Jessica Herliani, daughter of Hary Tanoesoedibjo (MNC Group), has tied the knot with Jonathan Natakusuma, son of Fofo Sariaatmadja (Emtek Group). MNC and EMTEK are two of the largest media groups in the country. MNC controls TV stations like RCTI, MNC TV and TPI, while EMTEK owns SCTV and Indosiar.

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Gudang Garam (GGRM): Beyond Cigarette

Shares of Gudang Garam (GGRM), a major cigarette producer, ended higher by 2% to Rp31,225 on Wednesday to make a market capitalization of Rp60 trillion, only slightly above its equity (Rp59 trillion). Sarana Menara Nusantara (TOWR), a telecommunication infrastructure company controlled by another cigarette giant Djarum Group, meanwhile, is now worth Rp53.3 trillion, four times equity.

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Revisiting Musim Mas

PTS, general manager corporate affairs of Musim Mas, one of the largest processors of crude palm oil (CPO) into cooking oil, oleochemicals, and biodiesel, has recently been named suspect in the so-called ‘cooking oil mafia’ case. Like two other groups implicated in the case, Permata Hijau and Wilmar International, Musim Mas could also be named ‘corporate suspect’ as hinted by Attorney General.

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Revisiting Permata Hijau Group

Stanley Ma, assistant to director for corporate affairs at Permata Hijau Group, has been named suspect by Attorney General’s Office (AGO) in the so-called ‘cooking oil mafia’ scandal. Alongside Wilmar and Musim Mas, the group might also be named corporate suspect in the case. This is probably the third major case implicating Permata Hijau Group (PHG) since 2009.

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Unifam Group & People Behind

Dahlia Pangjaya, wife of the late Harsono Pangjaya, founder of Unifam Group has on Sunday (Apr 10) passed away at 75 years old. She leaves behind seven children, 13 grandchildren, and a business group with interest mainly in food & beverages.

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The New OJK Leadership

The House of Representatives (DPR) Commission XI has elected seven new commissioners of the Financial Service Authority (OJK) for the 2022-2027 period from 14 candidates proposed by President Joko “Jokowi” Widodo. Among the said seven new commissioners, Mahendra Siregar has been appointed as the new chairman of the OJK.

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Raymond Pribadi passes away

Raymond Pribadi, son of businessman Henry Pribadi, has passed away on April 5 in Cedars Sinai Hospital, Los Angeles (USA) at 45 years old. Raymond, commissioner of PT Solusi Sinergi Digital Tbk (WIFI), leaves behind a wife (Veronika) and three children (Sheina, Shanice, and Russel).

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Revisiting Sunson Group

Sunson Group has officially left the banking business with divestment of the remaining 35% shares in Bank Bisnis (BBSI) to financial technology company PT Finnacel Technology (Kredivo) at undisclosed consideration. The acquisition lifted Kredivo’s ownership from 40% to 75%. 

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Roy Rahardja Dharmajaya passes away

Roy Rahardja Dharmajaya, father in law of Angela Tanoesoedijo, vice minister of tourism & creative economy, has passed away at 62 years old. Roy is director of PT Cahaya Merah Delima, member of the Lion Star Group, one of the largest manufacturers of plastic housewares in the country.

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Teladan Prima & People Behind

Plantation company PT Teladan Prima Agro Tbk is offering 2.19 billion shares at Rp520 to Rp600 per share to raise a maximum of Rp1.3 trillion. Representing 15% of the total issued shares after the initial public offering (IPO), Teladan Prima is valued a maximum Rp8.7 trillion, below the established player London Sumatra Plantation/LSIP (Rp9.86 trillion).

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Johnny Santoso passes away

Businessman Johnny Santoso, founder and chairman of PT Indovickers Furnitama, PT Dharma Daya Lestari, and PT Karunia Mandiri Sejati, has passed away in Jakarta on Monday at 88 years old. Johnny leaves behind a wife, two sons, and four grandchildren.

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