First Resources & Martias Family

Oct 13, 2009 | Profiles

Ciliandra Fangiono, CEO of First Resources Ltd, is named among the richest in Indonesia. His father was sentenced 1.5 years in prison for a corruption case implicating former East Kalimantan governor three years ago. But now the former forestry giant is among the...

Adimitra Baratama, who’s behind?

Aug 24, 2009 | News Group, Profiles

PT Adimitra Baratama Nusantara has just awarded a US$200 million five-year mining contract to PT Petrosea (PTRO) Tbk to develop its Sanga Sanga coal mine in East Kalimantan. Who’s behind Adimitra? The new contract with PT Adimitra baratama is set to commence in...

The Joker, Mulia Group & Politics

Aug 16, 2009 | Profiles

The Joker agreed to return US$60 million disputed funds from the high-profile Bank Bali scandal about a decade ago, media reported in the last few days. The Joker, identified in a controversial phone conversation between then junior attorney general for special crime...

Agung Sedayu Group

Jul 26, 2009 | News Group, Profiles

Agung Sedayu Group is a fast growing property developer in the country. Sugianto Kusuma, partner of Tommy Winata in developing Artha Graha Group, is the man behind Agung Sedayu. The group is working on several projects such as The Mansion Kemang (US$24.5 million)...

Joker & the other cards

Jul 16, 2009 | Profiles

Card players know exactly The Joker’s use is greatly varied. The Joker can be an extremely beneficial, or an extremely harmful, card. According to Wikipedia, in Euchre The Joker is often used to represent Benny, the highest trump. In poker game, it is...

Agung Podomoro Group

Jul 7, 2009 | News Group, Profiles

Agung Podomoro Group is known for its self-financed and consumer-financed property projects. But looks like that has changed in recent years. Today, the company signed a Rp1.1 trillion loan with BNI, BII, and CIMB Niaga to partly finance its Rp2.7 trillion Central...

Astra Group in Q1

Apr 29, 2009 | News Group, Profiles

PT Astra International (ASII) Tbk reported 16% drop of net profit in Q1 2009 to Rp1.87 trillion, mainly due to significant drop of profit at plantation unit Astra Agro Lestari (AALI) and the automotive division, while the heavy equipment unit PT United Tractors (UNTR)...

MAKIN Group & Land Disputes

Apr 13, 2009 | Profiles

Kalteng Pos reported on Wednesday that land dispute between people in three villages (Sikan, Hajak, and Kandung) in three different sub-districts of Katingan Regency, Central Kalimantan and PT Antang Gunung Utama (AGU) continues. AGU is one of subsidiaries of MAKIN...

Asia Kapitalindo & Bakrie action

Mar 18, 2009 | News Group, Profiles

Brokerage firm PT Asia Kapitalindo Securities Tbk or AKSI (literally means “action”) has just published its 2008 financial results with net profit of Rp0.6 billion, dropped 93% from 2007. That’s not the interesting part. The firm’s repurchase...

2008 Results: Mandom, BAT & Bentoel

Mar 13, 2009 | Profiles

Consumer goods producer PT Mandom Indonesia Tbk reported net profit of Rp114.8 billion last year, inched up by 3.2% despite strong sales growth. Meanwhile, cigarette producer PT BAT Indonesia Tbk reported net loss of Rp86.6 billion, jumped 153% from net loss of Rp34...