Bumi Resources (BUMI), the largest coal producing group, booked net profit of US$220.4 million last year, collapsed 41% from 2017. Strange, however, that the Company reported substantial weakening in the third and fourth quarter of 2018. Is the group deserved an...
VP Jusuf Kalla said recently that he respects the decision of his nephew Erwin Aksa, leader of Bosowa Group, to support Prabowo-Sandiaga in this year’s election, pointing to Erwin’s friendship with Sandiaga. “But, I won’t give a permit (to support Prabowo-Sandi), if...
The Corruption Eradication Commission (KPK) has named Kurniawan Eddy Tjokro AKA Yudi Tjokro suspect in the bribery case of Wisnu Kuncoro, technology and production director of state steel manufacturer Krakatau Steel (KRAS). Wisnu has been arrested, while Kurniawan’s...
Bukaka Teknik Utama (BUKK) is among the best performing companies last year. The company, controlled by the family of vice president Jusuf Kalla, booked net profit of Rp562 billion, skyrocketed 211% from 2017, thanks to strong sales revenue growth of 90.6% toRp4.68...
Hashim Djojohadikusumo, brother of president candidate Prabowo Subianto, led the campaign team to log a complaint regarding what the team believed as potential fraud in the election to the Election Commission (KPU) yesterday. Prabowo’s supporters, meanwhile, continued...
Shares of companies linked to or controlled by Lippo Group fell again Monday (Mar 11). Matahari Dept Stores (LPPF) dropped 6.44%, LPLI down 6.47%, Lippo Cikarang -4.2%, and Lippo Karawaci 01.54%. Lippo Group, however, launched series of corporate actions today. The...
The collapse of MatahariMall.com, an e-commerce platform developed by Lippo Group, cost Matahari Dept Stores (LPPF) dearly with Rp770 billion loss recorded from its nearly 20% shares in PT Global Ecommerce Indonesia (GEI). How about other shareholders, including...
Shares of companies linked to Lippo Group collapsed Tuesday (Mar 5). Matahari Dept Stores led with 22.2% fall, while Matahari Putra Prima (MPPA) dropped 16.27%. Lippo Karawaci (LPKR) also fell 9.77%, while Lippo Cikarang tumbled by 9.77% despite efforts from Lippo...
Hashim Djojohadikusumo, brother of Prabowo Subianto, is key person in the campaign of Prabowo-Sandiaga. He is a long-time supporter of the brother’s political career, including campaign funds in 2009, 2014, and 2019 elections. This is probably Prabowo’s last chance...
Opposition continue to criticize president Jokowi’s approach in infrastructure development, especially his tendency to rely on state companies. The president, however, looks determined to expand the role of state companies. In this issue, let’s talk about the railway...
