Arsul Sani, the deputy speaker of the People’s Consultative Assembly, the highest legislative body in Indonesia, has been elected as the new justice of the Constitutional Court (MK). Arsul Sani’s election as the new constitutional justice is worth highlighting in...
Shares of plantation firm PT Sawit Sumbermas Sarana Tbk (SSMS) ended lower by 2% on Tuesday (Sep 5), while sister palm processing company PT Citra Borneo Utama Tbk (CBUT) fell 3.8%. SSMS and CBUT are both controlled by Citra Indah Borneo (CBI) Group, which is owned by...
Kapal Api is one of the largest F&B players yet to be listed on the Indonesia Stock Exchange (IDX). There was a plan for an initial public offering (IPO), but Covid-19 pandemic forced a delay. The pandemic is over, so some revisit the planned IPO. There are two...
Centenarian businessman Sukanta Tanudjaja, founder of PT Bridgestone Tire Indonesia and some other companies, has on Saturday (Aug 24) passed away in Singapore. Sukanta is father of Sunjoto Tanudjaja, founder of Great River, once one of the largest textile and garment...
MNC Executive Chairman and General Chairman of the Perindo Party, Hary Tanoesoedibjo, is listed as a lawmaker candidate in the 2024 election. Hary will become the candidate for the electoral district of Banten III. Meanwhile, his wife, Liliyana Tanaja Tanoesoedibjo is...
Budiman Sujatmiko, politician from PDI-P and former reform activist in 1998, has decided to join Prabowo Subianto’s campaign, a decision could cost him a dismissal. Budiman, who failed to get a parliament seat in 2019 election has been commissioner of state plantation...
Visi Asia Media (VIVA), the parent of TVOne and ANTV owned by Bakrie Group, recorded revenues of Rp619.2 billion in the first half (H1) of 2023, declined 32.3% year on year (y/y), worsened from last year with revenues only declining 0.65%. VIVA, accordingly, was not...
Following the merger of Indosat and Hutchison 3, Indonesia now has four players in the cellular business. By far, SmartFren Telecom (FREN), controlled by the family of Widjaja (Sinarmas Group), is the smallest, and until now struggles with years of losses. In the...
Sinarmas Group has recently embarked on a US$3.6 billion expansion project to build new factory in West Java province with 3.9 million tons per annum capacity. Financing details of this project yet to be released, but Indah Kiat Pulp & Paper (INKP) and its sister...
Budi Arie Setiadi, a loyalist of President Joko “Jokowi” Widodo, has been sworn in as the new Minister of Communications & Informatics (ICT) replacing Johnny G Plate, the disgraced politician from Nasdem, a political party led by media mogul Surya Paloh. Budi Arie...
