UK company Aggreko has announced the acquisition of PT Kerta Bumi Teknindo (KBT), a power rental company, as key component of Aggreko’s strategy to expand its operations and investments in Indonesia. The acquisition intensifies competition in the temporary power...
Agritrade Resources Ltd, a company listed on the Hong Kong Stock Exchange with coal mining and fuel operation business in Indonesia, is an example of resilience of low-calorie coal producers in the country. The Company booked profit after tax of HK$312.52 million from...
National Police will declare status of media mogul and politician Hary Tanoesoedibjo in an alleged threat to Yulianto, the head of the subdirectorate for special crimes investigation of the Attorney General’s Office (AGO), next week. The statement effectively denied...
Media billing and ICT retailer PT Skybeen Tbk (SKYB), controlled by the same shareholder of the troubled Trikomsel Oke (TRIO), booked zero sales revenue in the first quarter of 2017. So, no improvement from the corresponding period of 2016. The Company’s total asset...
Nickel miner and processor PT Central Omega Resources Tbk (DKFT) predicts net profit of Rp364.7 billion or Rp65 per share next year, jumped from an estimated net profit of Rp163 billion or Rp28.9 per share this year. The current price, accordingly, is seen very cheap...
SUTL Enterprise Limited, a leading integrated marina developer, operator, and consultant and owner of the ONE°15 brand, has signed a Memorandum of Understanding to provide integrated marina consultancy services to PT Pelindo Properti Indonesia (PT PPI) on a marina...
Few months ago, we speculated on possible future action from Anthoni Salim in water business, especially in Indonesia. On Thursday (June 8), Moya Holdings Asia Ltd, indirectly controlled by Anthoni, executed and completed a share purchase agreement for Acuatico Pte...
Wimboh Santoso has finally been elected new chief commissioner of the powerful Financial Services Authority (OJK) for the period of 2017-2022 to replace Muliaman Hadad. Wimboh was elected by 50 lawmakers in the House Commission XI, while Sigit Pramono got only four...
PT Aston Inti Makmur (AIM), a subsidiary of Indofood Group, has on Wednesday (June 7) entered into two conditional sale and purchase agreements with Anthoni Salim and PT Adithya Suramitra (ADS), which is also controlled 100% by Anthoni, regarding six plots of land for...
On June 3rd, 2016, Emirsyah Satar, former CEO of flag carrier Garuda Indonesia, attended the launching of Range Rover LWB 3.0 & Range Rover Evoque at Lamoda cafe, Plaza Indonesia. He was there as owner of Range Rover and chairman of Range Rover Club Indonesia. Six...
