Mr President and The Joker

Jul 16, 2010 | Profiles

Two suspended deputies of Corruption Eradication Commission (KPK) disclosed what might be the reason behind President SBY’s decision to issue the government regulation in lieu of law (Perppu) which basically kicked them out of the anti-graft body’s...

Auditing Firms of Listed Companies

Jul 14, 2010 | News Group, Profiles

Arthur Andersen collapsed with Enron. Andersen has been subject to much criticism for their role in Enron’s collapse, partly on questionable accounting that kept hundreds of millions of dollars in debt off Enron’s books. How about auditors of major...

A private bank named BUMI

Jun 3, 2010 | Profiles

PT Bumi Resources (BUMI) Tbk lost another 3.66% yesterday to Rp1840. BUMI is now the top loser in Top 20 stocks on IDX (by market cap) with 24.1% fall so far this year. Endless announcements (claimed to be the most credible) failed to boost investors’...

Peter Sondakh

May 21, 2010 | Profiles

Peter Sondakh, the owner of Rajawali Corporation Group, was born in Surabaya, East Java from a native Manado father and Dutch-born/nationality mother. His first wife was a Thailand-born woman. From this marriage, Peter has two children, Claudia & Charles, both...

Adaro & BHP project

Apr 14, 2010 | Profiles

Adaro Energy (ADRO) surged 25.7% so far this year, second best behind Indika Energy (INDY) in major coal-related stocks. The stock steadily increased in the past three weeks on “expectation” of 25% equity participation in Maruwai coking coal project with...

The Soeryadjayas

Apr 2, 2010 | Profiles

Respected founder of Astra International, William Soeryadjaya, passed away last week at 87. He survived a wife, Lily, four children, and twelve grandchildren. Bitterly lost his crown jewel, Astra Group, William’s children have tried to establish their own...

Asia Food & Properties

Feb 28, 2010 | News Group, Profiles

Food and property arm of Sinarmas Group, AFP, reported net profit of S$153.46 million last year, inched up 0.4% from 2008 despite a strong 40.3% growth in operating profit. Last Thursday, crossing of 1.77 billion shares in its unit PT Bumi Serpong Damai (BSDE) Tbk,...

Astra International

Feb 25, 2010 | News Group, Profiles

PT Astra International (ASII) Tbk reported net profit of Rp10 trillion last year, increased 9% from 2008 on improved margin. The management proposes a 29% increase in full year dividend. The stock, meanwhile, declined 1.5% today. ASII booked net sales revenue of...

Adira’s hefty profits & motorists

Feb 23, 2010 | News Group, Profiles

For two consecutive years, consumer financing company PT Adira Dinamika Multi Finance (ADMF) Tbk, a subsidiary of Bank Danamon, reported return on equity (ROE) over 38% per annum, thanks to the generosity of motorists to pay effective interest rate of up to 41.5% per...

Aneka Tambang

Jan 30, 2010 | News Group, Profiles

In November 2007, Aneka Tambang (ANTM) was a US$4.8 billion company. Yesterday, the company’s market cap was US$2.17 billion. The fall of metals prices affected the company seriously. The company reported net sales of Rp8.64 trillion last year, declined 10% from...