Emir Satar’s Wife Passes Away…

Sandrina Abubakar, wife of Emirsyah Satar, former president director of flag carrier Garuda Indonesia (GIAA), passed away Wednesday (Aug 1) afternoon. Condolences to Pak Emir, of course. It’s been difficult years for him, especially after named as corruption suspect...

Debts & Cash-Flows of State EPC Firms: Hutama Karya

PT Hutama Karya, the state-owned EPC firm assigned to develop trans-Sumatra toll road, has just released its financials for the period ended June 30, 2018. The Company booked net profit of Rp614.2 billion in the first half, surged by 70% from the corresponding period...
Clowns of the 21st Century (2)

Clowns of the 21st Century (2)

One is busy looking for a ticket to become president candidate, while the other is busy with discussions surrounding vice president candidate for the likely president candidate. One is busy with lipbalm, the other with his endlessly whining mouth. It is unfortunate...
Jokowi’s Likely Running Mate: Mar’uf Amin

Jokowi’s Likely Running Mate: Mar’uf Amin

We have long speculated on Mar’uf Amin, chairman of The Indonesian Ulema Council (MUI), as potential running mate for incumbent president Joko ‘Jokowi’ Widodo. Shortly after devastating loss of Basuki Tjahaja Purnama (Ahok) in Jakarta election, Jokowi switched gear to...
Clowns of 21st Century: Anies & Sandi

Clowns of 21st Century: Anies & Sandi

So, Jakarta governor Anies Baswedan blamed his predecessors for not paying attention to cleaning up Kali Item. The governor also blamed national media for reporting the city administration’s way of handling the stinky river, which then picked up by international...

Gozali Brothers & Their Businesses

PT Success Venture Serviced Suites Investments, wholly-owned subsidiary of SGX-listed UOL Group Limited—-parent of Pan Pacific Hotels Group, has entered into sale and purchase agreements with PT Putragaya Wahana for the acquisition of 180 apartment units for an...

Johannes Kotjo Arrested: What’s Up?

So, the Corruption Eradication Commission (KPK) has arrested Golkar lawmaker Eni Maulani Saragih and businessman Johannes Budisutrisno Kotjo Saturday (July 14) in bribery case. Kotjo is accused of bribing Eni Saragih, who is deputy chairman of House Commission VII...

Ishak Charlie & His US$7.4 Billion Project

Ishak Charlie, owner of Best & Grow Investment, a diversified business group based in Medan, North Sumatra, met industry affairs minister Airlangga Hartarto, who is also chairman of Golkar Party, on Monday (June 25) in Jakarta to discuss the so-called Golden...

Those Continue to Expand: Nursalim

The Corruption Eradication Commission (KPK) has proceeded with the case of Syafruddin Arsyad Temenggung, former chairman of Indonesia Bank Restructuring Agency (IBRA), related to settlement of debts of tycoon Sjamsul Nursalim stemmed from the collapse of BDNI two...

Cash-Rich Groups & Political Financing (2)

Thermal coal ended slightly lower at US$109.55 per ton Friday (June 8), but this represented 37.45% gain year-on-year. Despite policy dirsuptions at home, i.e. capping of coal price for domestic market obligation (DMO), coal producers, probably with the exception of...
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