Ekatama Group & Karya Group

Jan 25, 2018 | Profiles

Abraham Kerta Wirya, founder of Ekatama and Karya Group, has passed away on January 21, 2018 at 91 years old. He leaves behind two business groups with dominant position in the hand tools and material handling equipment market. Abraham (Yap San Tjoei) leaves behind...

Sukanto & Domestic Politics

Jan 22, 2018 | Profiles

Sukanto Tanoto is still one of the richest men in Indonesia. His Royal Golden Eagle (RGE) Group is among the most aggressive investors with two major projects in pulp & paper industry with combined investment of above US$1.3 billion. The Group, however, at the...

Those Continue to Invest: Nabati Group

Jan 17, 2018 | Profiles

Majalengka Regency in West Java province is a growing area, thanks to construction of Kertajati international airport, which is expected to be commercial this year. The airport will later on be connected to Cikampek-Palimanan section of trans-Java toll road. Looks...

Japan Acquires More: Noda Corporation

Jan 9, 2018 | Profiles

Japanese companies continue their aggressive investments in Indonesia. After MUFG’s acquisition of Bank Danamon (BDMN), Noda Corporation decided to acquire more shares in its Indonesian joint venture. According to our data, Noda Corporation acquires all shares of its...

Ratu Prabu and the US$26 billion LRT Project

Jan 8, 2018 | Profiles

Sandiaga Uno, Vice Governor of Jakarta recently told the press that PT Ratu Prabu Energi Tbk (ARTI), a company with businesses in energy and property, will develop light rail transit (LRT) project in Greater Jakarta dan surrounding cities (200 KM) with investment of...

Stronger Q3/17 for Medco

Jan 7, 2018 | Profiles

Medco Energi (MEDC) is among the best performing stocks with 188% gain since January 2017. Still, at the current price, MEDC is valued below its equity as at Sept 30, 2017, despite strong financial performance. In third quarter ended Sept 30, the Company booked net...

Big Groups in Financial & Technology Ventures (3): Astra

Jan 4, 2018 | Profiles

Astra International (ASII) is one of the largest business groups in Indonesia with diversified interest in agriculture, automotive, banking, micro and consumer financing, heavy equipment, property, construction, mining, toll road, water infrastructure, port, and...

Djoko Setiadi: The Cyber Agency Boss

Jan 3, 2018 | Profiles

President Joko ‘Jokowi’ Widodo has installed Djoko Setiadi as chief of the newly established Cyber Body and National Encryption Agency (BSSN), a powerful agency reported directly to the President. It is a merger of the country’s national encryption agency and...

Brantas Abipraya

Dec 29, 2017 | Law, Profiles

The Ministry of Public Works and Public Housing (Kemen-PUPR) is working on some improvements with the Jakarta Presidential Palace’s drainage system to minimize flood risk. This construction work is done by State-Owned company PT Brantas Abipraya. PT Brantas...

Revisiting Sawit Sumbermas & Related Party Transactions

Dec 22, 2017 | Profiles

Sawit Sumbermas (SSMS) is among the highly valued stocks in the plantation sector. At the last quoted price, SSMS was valued 3.5 x equity, more than twice of established player Astra Agro Lestari (AALI), which was valued 1.4 x equity only. Unlike AALI, which lost 23%...