Other than forest concessions in East Kalimantan and Aceh, Prabowo has long been linked to PT Tidar Kerinci Agung, an oil palm plantation company in West Sumatra, which sits over 20,000 hectares of concession. Prabowo’s siblings and Malaysian company were listed...
Public debate continues surrounding State assets controlled by president candidate Prabowo Subianto. The issue emerged when Prabowo indirectly expressed his pessimism about incumbent candidate Joko ‘Jokowi’ Widodo’s land reform program, including social forestry...
Sinarmas Group’s assets have long been managed by second generation of the late Eka Tjipta Widjaja. Two of the children established their own groups outside the generic name Sinarmas Group, including Sukmawati Widjaja’s Top Global Limited (SGX-listed) and Oei Hong...
Not only leaving a business empire, Eka leaves behind a big family, whose key members are widely known, but others are mostly unknown. Without the tsar, some wonder what kind of Sinarmas will be in the future. First of all, Eka has a nucleous family, i.e. children...
Eka Tjipta Widjaja, founder of the Sinarmas Group, has passed away Saturday (Jan 26) at 98. He leaves behind a business family worth over US$20 billion with interest in various sectors of the economy—-agriculture, consumer products, forestry, finance, mining, power...
Wiwiek Tjokrosaputro (Kwee Hwie Lan), mother of Anne Patricia Sutanto, vice president director of textile giant PT Pan Brothers Tbk (PBRX), passed away in Jakarta Monday (Jan 7). The late Wiwiek is sister of the late Handoko Tjokrosaputro (Batik Keris Group). Wiwik is...
PT Freeport Indonesia, one of the world’s largest copper and gold miners, has appointed new board of commissioners and directors, after 51% shares controlled by Indonesian entities. Richard Adkerson becomes chairman, while Tony Wenas as president director. This is a...
Indra Gunawan Wonowidjo (32 years old), son of Susilo Wonowidjojo—one of the heirs of Gudang Garam Group, made headlines in the past few days because of his extravagant wedding in Singapore recently. Indra, son of Susilo and Meylinda Setyo, tied the knot with...
Following the arrest of Huawei director by Canada and intense scrutiny from USA and its allies over ties of Chinese tech companies to Beijing government, some sources told Reuters that Japan plans to ban government purchases of equipment from Huawei and ZTE Corp....
Unlike other coal miners, shares of PT Toba Bara Sejahtra Tbk (TOBA) ended lower by 1.6% to Rp1,565 on Monday (Dec 3rd). At this price, TOBA had market capitalization of Rp3.15 trillion, slightly above its equity (Rp3 trillion by Sept 30, 2018). The stock has also...
