Uripto Widjaja passes away

Uripto Widjaja, founder of Galva Group, has just passed away, leaving behind a wife, two children and four grandchildren. Uripto was blessed with long life, passing away at 97 years old.  Uripto has two children from his marriage to Henny Tjahja Rahardja: Tina Widjaja...

EV Disruption Players: Elvindo Group

For many decades, the country’s motorcycle market has been dominated by Japanese brands like Honda, Yamaha, Suzuki and Kawasaki. Indonesia is one of the world’s largest markets for motorcycle, among others due to poor public infrastructure, with a population of 112...

Haji Isam, Tax Case & Politics

On Thursday (March 18), investigators from the Corruption Eradication Commission (KPK) searched the office and other compounds related to Jhonlin Baratama, a company controlled by Haji Isam, in South Kalimantan. On Friday (March 15), the Constitutional Court ruled in...

Shamrock Group

European plantation group SIPEF, which operates oil palm, natural rubber, and tea plantations in Indonesia, has recently signed an agreement in principle with Shamrock Group (SG) on the sale of 100% of the share capital of its Indonesian subsidiary, PT Melania, for...

Demands for Joker 

Joko Tjandra’s appearance last year caused a stir and led to investigations on three new cases, two of which were investigated by the POLRI. The cases are one general crime namely case of alleged forgery and obstruction of justice, the other is a specific crime...

SWF Directors: Who’s Who (2)

President Joko “Jokowi” Widodo has announced the board of directors of the newly established Lembaga Pengelola Investasi (LPI), Indonesia’s version of Sovereign Wealth Fund (SWF). We noted two of the directors in the previous installment of this article. Today we note...

SWF Directors: Who’s who (1)

President Joko ‘Jokowi’ Widodo has finally announced the board of directors of Lembaga Pengelola Investasi (LPI), Indonesia’s version of Sovereign Wealth Fund (SWF). Senior banker Ridha DM Wirakusumah is appointed CEO, while four other directors are Arief Budiman...
Nickel Groups of Indonesia (5)

Nickel Groups of Indonesia (5)

Some nickel players reported substantial profit from investments in the smelters, but others failed for various reasons, including selection of technology. That’s probably why one of the nickel companies listed on Indonesia Stock Exchange (IDX) is valued only slightly...

Nickel Groups of Indonesia (4)

Some emerged as nickel players because of their ability to get nickel mining area previously studied or explored by Vale Indonesia (INCO). Over the years, Vale relinquished tens of thousands of hectares to the State. Some blocks have been taken, but winners of the...
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