PT Urban Jakarta Propertindo Tbk (URBN), a company controlled by Yongky Wijaya and Robert Soeharsono, decided to acquire 51.01% shares in PT Jakarta River City (JRC) from PT Ciptaruang Persada Property (CPP) for Rp576.88 billion. This is an affiliated transaction...
Sinarmas is one of the largest business groups in Indonesia with interests in agriculture, forestry, finance, manufacturing, mining, property, power generation, and telecommunication. Like other conglomerates in the country, Sinarmas has long entered the digital...
The higher the tree, the stronger the wind! That’s probably what happened to Erick Thohir, minister of state-owned enterprises. Ever since he took some decisions, some have mounted allegations against his family and the broader business network. The most recent is...
When we first published the article titled ‘MOLA-MATRIX Heats Up TV Business’ last July, we predicted a heating up in the broadcasting industry. We, however, didn’t predict it would lead to dismissal of Helmy Yahya, CEO of public broadcasting company TVRI. Helmy is...
Minister of State-Owned Enterprises (BUMN) Erick Thohir has made Zulkifli Zaini the new CEO of PT PLN and the former chief of SKK Migas Amien Sunaryadi as the President Commissioner of PLN. Zulkifli has replaced Sofyan Basir, who’s been under the Corruption...
Rudiantara, former minister of information and communications, will almost certain become the new president director of PT Perusahaan Listrik Negara (PLN), the largest company in Indonesia by total assets. This is another indication of President Joko ‘Jokowi’ Widodo’s...
AHK (Met) Hamami, founder of Tiara Marga Trakindo Group, has on Friday Nov 29 passed away in Jakarta. He left behind one of major business groups with interest in mining, financing, property, and hospitality to four children. ABM Investama (ABMM) is one of the assets...
Ciputra is household name in property industry. The man, founder of companies like Ciputra Development (CTRA), Pembangunan Jaya, Jaya Real Property (JRPT), Jaya Konstruksi (JKON), and consumer and corporate electronic company Metrodata (MTDL), has passed away in...
With the exception of property giant Lippo Karawaci (LPKR), other companies of Lippo Group have released their financial statement for the period ended Sept 30, 2019. Siloam Hospital (SILO), for example, booked net profit of Rp42.88 billion, skyrocketed from around...
Elang Mahkota Teknologi (EMTK), controlled by Eddy Sariaatmadja, once tried to become a conglomerate with diversified businesses. Looks like, however, that Emtek has given up some businesses to focus in media and ICT (including digital economy). The first to let go is...
