The agritech startup eFishery

Jan 14, 2022 | Profiles

Indonesian agritech start-up eFishery (PT Multidaya Teknologi Nusantara) has just secured US$90 million Series C Funding from Temasek, Softbank, Sequoia Capital, Northstar Group, Go-Ventures, Aqua-Spark and Wavemaker Partners. Gibran Huzaifah, co-founder and CEO of...

Bambang Sihono & Bumi Resources

Jan 13, 2022 | Profiles

PT Bumi Resources Tbk (BUMI), a coal company controlled by Bakrie Family, informed stock market authorities on Tuesday (Jan 11) that one Bambang Sihono has purchased additional 47 million shares, lifting his ownership to 4.9 billion or around 6.6% of BUMI’s total...

Key persons @Pluang

Jan 13, 2022 | Profiles

Pluang, an investment app, has secured US$55 million Series B funding led by Accel, an American venture capital firm. That means Pluang (PT Bumi Santosa Cemerlang), which competes Ajaib, Bibit, and Bareksa, in the mutual fund platform, secured US$110 million funding...

New coal players to watch (2): MNC Group

Jan 4, 2022 | Profiles

MNC Group is finalizing injection of its energy assets into PT Indonesia Transport & Infrastructure (IATA) Tbk. MNC Group, controlled by the family of Harry Tanoesoedibjo, is actually not a new player in the coal business. It has long acquired coal concessions...

Tidjan Ananto passes away

Jan 4, 2022 | Profiles

Tidjan Ananto, minority shareholder of PT Panin Investment, ultimate parent of Bank Panin (PNBN), one of the largest banks in Indonesia, passed away late last month in Jakarta at 82 years old. PT Panin Investment is also ultimate parent of PT Verena Multi Finance, one...

New coal players to watch (1): Murdaya Family

Jan 3, 2022 | Profiles

Some established coal groups like Bakrie, Adaro, and Indika have recently ventured into new and renewable energy projects, but other business groups have only recently shown major investments in the sector. One of them is PT Hardaya Mining Energy, a subsidiary of CCM...

People behind Daya Mulia Turangga

Jan 3, 2022 | Profiles

About three weeks ago minister of public works and housing granted the consortium of Jasa Marga (JSMR), PT Pembangunan Perumahan Tbk (PTPP), PT Waskita Karya Tbk (WSKT), PT Wijaya Karya Tbk (WIKA), PT Jasa Sarana, PT Gama Group, and PT Daya Mulia Turangga a 40-year...

Gunbuster Nickel Industry

Dec 29, 2021 | Profiles

President Joko ‘Jokowi’ Widodo has on Monday (Dec 27) inaugurated commercial operation of PT Gunbuster Nickel Industry (GNI) in the Stardust Industrial Estate, Morowali Utara Regency. GNI reportedly operates 24 RKEF lines with combined output of 1.8 million tons of...

Recharge, the Battery-rental Start-up

Dec 24, 2021 | Business, Profiles

The single most important technology of today is the battery. The race to improve batteries’ energy density is the hottest issue as the world relies more on battery-powered devices. Smartphone manufacturers, in particular, continue to improve the capacity of their...

Ciputra to the 2nd and 3rd generation

Dec 24, 2021 | Profiles

Dian Sumeler Ciputra, wife of the late property guru Ciputra, has passed away on December 22, 2021 at 89 years old. Dian, co-founder of Ciputra Group and president commissioner of Ciputra Development (CTRA), one of the largest property developers in the country,...