Revisiting Ganda Group

Jan 13, 2011 | Profiles

So, two-state banks (BNI and BRI), Indonesian Eximbank, and Bangkok Bank Plc have provided loan commitment of Rp5.27 trillion to PT Cemindo Gemilang for the construction of one cement plant in Banten province and two grinding plants in two different locations. This...

The Joker, Nursalim, & Tan Kian

Jan 10, 2011 | Profiles

Three businessmen: Djoko Tjandra, Sjamsul Nursalim, and Tan Kian, are currently facing legal issues with Indonesian authorities. Djoko’s passport has been revoked. Meanwhile, civil lawsuits against Nursalim and Tan Kian are underway. What’s going on? DJOKO...

Adikoesoemo: What’s Next?

Dec 16, 2010 | News Group, Profiles

PT AKR Corporindo (AKRA) Tbk will get US$244 million from divestment of its 68% shares in sorbitol producer PT Sorini Agro (SOBI) Tbk. Haryanto Adikoesoemo, CEO of AKRA, said it divests SOBI because AKRA wants to focus in chemicals distribution, logistics...

A More Aggressive JAPFA

Nov 24, 2010 | Profiles

PT Japfa Comfeed Indonesia (JPFA) Tbk is among the best performing stocks this year, gained 155% year-to-date. The company has just secured a US$110 million facility from Bank Central Asia (BCA) to finance expansion and working capital. JPFA has retreated 19.7% from...

Adijanto Family & Business Empire

Nov 13, 2010 | News Group, Profiles

The family, like others, was in trouble in late 1990s due to the collapse of banking system. In recent years, the family has expanded its business in coal mining, plantations, and forestry. This family controls at least three companies listed on the Indonesia Stock...

Minang Merchants Network: Who’s Who

Oct 21, 2010 | Profiles

It was a busy weekend for Kalla. He was there in his capacity as Vice President. He brought with him several high-profile business & politic leaders of Minangkabau ethnic such as Industry Minister Fahmi Idris and deputy chairman of Regional Representative Council...

ACE Hardware & Kawan Lama

Oct 11, 2010 | Profiles

Ace Hardware (ACES) is one of the best performing stocks in the retail business. It gained 40% this year to make a US$400 million company. The company has just opened its 43rd outlet in Bekasi area last month. Ace Hardware is controlled by Kawan Lama Group....

Ancora Resources, so far

Sep 29, 2010 | News Group, Profiles

PT Ancora Indonesia Resources (OKAS) Tbk, a company controlled by Investment Coordinating Board Chairman Gita Wirjawan, posted net profit of Rp6.7 billion in the first half of 2010, slashed 70.6% from the same period last year on squeezed margin. The stock, meanwhile,...

Adaro & Affiliated Transactions

Sep 2, 2010 | Profiles

Adaro Energy (ADRO) was not even half of Bumi Resources (BUMI) two years ago. Now Adaro is almost twice the size of BUMI by market capitalization. Both emerged out of leveraged buy-outs (LBO). BUMI collapsed due to aggressive expansion of assets through dubious...

Andree Halim & His QAF Ltd

Aug 14, 2010 | News Group, Profiles

QAF Limited has just released its first half financial results on Singapore Stock Exchange (SGX) with profit after tax of S$27.33 million, declined 13% from the same period last year. QAF is food giant controlled by Andree Halim, son of Soedono Salim (Lim Sioe Liong)...