Last Month, PT Danau Winata Indah (DWI), a developer company that develop Avani Condotel in Nusa Dua, Bali entered the period of Suspension of Debt Payment (PKPU). Two creditors namely Adhi Nugraha and Agus Priadi Lumbatoruan filed lawsuit against DWI to the Central...
Desy Sulistio Hidayat (Siem Giok Hwa), considered key person behind transformation of Sido Muncul (SIDO) from a small-scale producer of traditional herbal drinks (jamu) into Indonesia’s market leader for herbal products, has passed away Thursday. She leaves behind...
South Jakarta District Court has been busier with lawsuits and counter lawsuits filed by various parties late last week. One of them is a lawsuit filed by a company indirectly controlled by Salim Group against a company linked to Chairul Tanjung. There is also a...
Pretty much as predicted, state-owned power utility company PT Perusahaan Listrik Negara (PLN) has through its subsidiary PT Indonesia Power entered into partnership with one consortium previously competed in the controversial tender for the development of...
A plan to build new legislative building continues to spark controversies. Leaders of the House of Representatives (DPR) insist that President Joko ‘Jokowi’ Widodo has approved the Rp1.6 trillion project, but some political parties recently changed their minds,...
Mitsui Chemicals Agro Inc (MCAG) has recently signed agreement with shareholders of PT Agriculture Consruction (Agricon), a leading agrochemicals company in Indonesia, wherein the Japanese company acquired 30% shares of Agricon’s subsidiary PT Agriculture Construction...
Shares of Golden Agri-Resources Ltd, the largest palm oil producer listed on SGX controlled by Sinarmas Group, ended flat Monday (Aug 14) even though the Company reported strong sales revenue and improved operations. Golden Agri is now traded below equity due to its...
Blackberry used to rule the Indonesian smarthphone market. In a relatively short period of time, however, Blackberry lost ground to Apple, Samsung, Asus, and some Chinese brands. In recent years, interestingly, Blackberry expected more from Indonesia to support its...
China Jinjiang Environment Holding Company Ltd, a leading waste-to-energy (WTE) operator in China but listed on Singapore Exchange (SGX), has decided to expand in Indonesia with the establishment of two companies. These companies are expected to tap the growing need...
DL Sitorus, founder and owner of Torganda Group, passed away last Thursday (Aug 3) when he was just on board of Garuda Indonesia flight from Jakarta to Medan, North Sumatra. DL Sitorus leaves behind a wife and five children plus some controversies surrounding...
