Chinese-Thai businessman Chanchai Ruayrungruang, popular as Yan Bin, is still listed substantial shareholder of Energi Mega Persada (ENRG), an oil and gas company controlled by Bakrie Family, with 14.63% ownership. It’s smaller than around 17.7% in 2011, but still...
BlackGold Natural Resources Ltd, a company listed on SGX controlled by Kotjo family and some investors, has on September 15, 2017 entered into a heads of agreement (HoA) with various parties to form a new consortium in relation to the development of 2×300 MW...
Shareholders have yesterday appointed Hendi Prio Santoso, former CEO of the troubled oil and gas company PT Perusahaan Gas Negara Tbk (PGAS), as new CEO of PT Semen Indonesia Tbk (SMGR), the largest cement producer in the country. Hendi replaces Rizkan Chandra, who...
When we first revisited Wicaksana Overseas (WICO) in June 2016, the stock was traded at Rp50. At the moment, the stock is traded at Rp382. WICO rallied to Rp492 in July following the entry of Germany company DKSH Holdings AG. This morning, the Company informed market...
China Oceanwide Holdings Ltd, a company listed on HKSE, had granted EPC contract worth US$426 million to SEPC few years back for the so-called Hamparan Perak coal-fired power plant project in Medan Industrial Area, North Sumatra province. Slated for completion in mid...
According to its corporate website, Selaras Holdings (PT Selaras Inti Corpora) was established in 2009 with principal business interest in land & real estate development, hospitality, and healthcare. Selaras claims to have 10 portfolio companies and subsidiaries....
The wedding of Nindya Nur Prasasti (Nindy) and Mochamad Herviano Widyatama (Vino) at Bidakara Hotel today might be among interesting events of the year. It is not because of the party. It is because of the names behind the bride and groom. It is not as extravagant as...
Indika Energy (INDY) is among the best performing stocks with 80% gain year-to-date despite 2.7% correction on Thursday (Aug 31). The Company booked net profit of US$51.2 million in the first half against loss in the same period last year, but the stock is still among...
The Corruption Eradication Commission (KPK) has arrested Siti Masitha Soeparno, mayor of Tegal in Central Java province, from a sting operation. This is another blow to Golkar Party following some party leaders recently named suspects in the mega-scandal e-KTP...
Shares of Pollux Properties Ltd were traded at S$0.062 on SGX Monday to make a market capitalization of S$39 million only. Pollux, however, is a company to watch. On July 28, 2017, controlling shareholders, the family of Nico Purnomo Po, ‘injected’ PAI Properties into...
