Kayo Salim passes away

Jul 12, 2021 | Profiles

Kayo Salim, founder of Fikasa Group—-used to own substantial shares in PT Miwon Indonesia (MSG player), has just passed away in Jakarta at 86. He leaves behind four children, including two sons who have interest in some companies listed on Indonesia Stock Exchange...

Those leaving us

Jul 5, 2021 | Profiles

Saptari Hoedaja, long-time CEO of Bumi Resources (BUMI), the largest coal group in the country, has passed away on Sunday (July 4) at MMC Hospital, South Jakarta. Harmoko, the longest serving minister of communication during Soeharto regime, also passed away Sunday....

Arief Harsono passes away

Jul 3, 2021 | Profiles

Businessman Arief Harsono, founder and owner of Samator Group, one of the largest suppliers of industrial gases in Indonesia, has passed away in Surabaya, East Java on Friday (July 2nd). People familiar with Harsono said that the businessman, who was also active in...

Heddy Soerijadji Passes Away

Jun 30, 2021 | Profiles

Businessman Heddy Soerijadji has passed away in Singapore on Tuesday, June 29. Heddy is long-time business partner of Toba Bara Sejahtera (TOBA), a coal company controlled by the family of Luhut Binsar Pandjaitan (coordinating minister for maritime and investment...

On Joker’s Case: Pinangki’s Appeal

Jun 15, 2021 | Law, Profiles

It has been over four months since the Panel of Judges of the Corruption Court of the Central Jakarta District Court read its decision on those who supposedly helped Joko Soegiarto Tjandra, including former prosecutor Pinangki Sirna Malasari. Pinangki was found guilty...

Mowilex founder Agus Sasmito passes away

Jun 14, 2021 | Profiles

Maria Agustinus Agus Sasmito, founder of PT Mowilex Indonesia, one of the largest producers of paint in the country, has just passed away at 83 in Singapore. He leaves behind a wife, two daughters, and four grandchildren. They are wife Lily Liliana (Lily Liu),...

Bank INA & Salim Group

May 27, 2021 | Profiles

We have long speculated about what Salim Group would do following the acquisition of Bank INA Perdana (BINA). After a relatively slow start, BINA has in the past few months expanded significantly, thanks to broader support from the so-called ‘Salim Group Ecosystem’. ...

Adiguna Sutowo passes away

Apr 18, 2021 | Profiles

Adiguna Sutowo, co-founder of MRA, a diversified business group with interest in media, hospitality, retail, consumer electronics, and automotive, has passed away. Adiguna is son of the late Ibnu Sutowo, the controversial former CEO of state oil and gas company...

Arsjad Rasjid vs Anindya Bakrie

Apr 10, 2021 | Profiles

Arsjad Rasjid MP, CEO of Indika Energy (INDY), and Anindya Bakrie, CEO of Bakrie & Brothers (BNBR) are competing to become the next chairman of Indonesian Chamber of Commerce and Industry (KADIN Indonesia), replacing Rosan P Roeslani, former CEO of Berau Coal...

The End for Joker?

Apr 6, 2021 | Law, Profiles

Joko Tjandra surprised the nation with his appearance in the country last year. The incident caused a stir because he was supposed to be an international fugitive but no one noticed his arrival to Indonesia except the Attorney General’s Office (AGO). After that,...