Burhan Uray, founder of Djajanti Group—once one of the largest business groups in Indonesia, has passed away on October 2nd, 2018 in Mayo Clinic, Rochester, Minnesota, USA. Born in 1930, Burhan is also known with some names, including Bong Sung On, Wong Ming...
Afraid of criminal investigation for spreading hoax, vice president candidate Sandiaga Salahudin Uno, planned to file police report against Ratna Sarumpaet. Like other leaders of Prabowo-Sandiaga campaign team, without verification, Sandiaga prematurely responded...
The Corruption Eradication Commission (KPK) has named lawyer Lucas suspect for obstruction the antigraft body’s investigation against his client Eddy Sindoro, influential executive holding several positions at Lippo Group, in a graft case related to the Supreme...
National Police has asked Immigration Office to impose overseas travel ban against businessman Leo Chandra. Leo is accused of embezzling nearly US$1 billion of funds from 14 banks, including Bank Panin and Bank Mandiri. This is only months after Leo was awarded...
Edy Wartono, one of the heirs of Sukun Cigarette Group, has passed away in Kudus, Central Java on September 17, 2018. He leaves behind a wife and four children. His brother Rindho Wartono, then director of the group, passed away two years ago. Edy and Rindho are sons...
Yusuf Muhammad Martak, chairman of the National Movement to Safeguard the Ulema Fatwa (GNPF) Ulama, denied reports linking him to PT Lapindo Brantas, an oil exploration company controlled by Bakrie Group, which was widely believed causing the hot mudflow in East Java....
Rony N Hendropriyono, son of AM Hendropriyono—-one of senior figures close to President Joko ‘Jokowi’ Widodo, has resigned from Merdeka Copper Gold (MDKA), a gold producer controlled by Edwin Soeryadjaya and Garibaldi ‘Boy’ Thohir. He is replaced by Mahendra Siregar,...
The government has appointed Jusman Syafii Djamal, former minister of transportation (2007-2009), as new chairman of state-owned railway operator PT Kereta Api Indonesia. Jusman is also listed chairman of flag carrier PT Garuda Indonesia Tbk (GIAA) and some other...
The Corruption Eradication Commission (KPK) has asked Immigration Office to ban Nenie Afwani, director of PT Borneo Lumbung Energi & Metal (BORN) Tbk, from overseas travel related to her status as witness in the corruption and bribery case implicating Eni Maulani...
Last month, we reported that Bank Muamalat, the pioneer of sharia banking in Indonesia, is to be helped by Lynx Asia, who will act as special purpose vehicle (SPV) on conducting asset swap for Bank Muamalat. Said assets swap is valued at Rp6 trillion. But SPV or new...
