Bukaka/Kalla Targets More Electricity Projects

May 22, 2017 | Profiles

Talking about Jokowi-Kalla’s signature 35,000 MW program, one should not focus on power generation projects only. There are hundreds of transmission and sub-station projects worth a combined US$19.2 billion, mostly handled by state-owned electricity firm PT Perusahaan...

Tower Bersama & Politics

May 19, 2017 | Profiles

Shares of Tower Bersama Infrastructure (TBIG), a company co-owned by Saratoga Group and Provident Capital, jumped to its high at Rp6,075 on April 25, 2017, few days after Anies Baswedan and Sandiaga Uno won Jakarta election. Since then, however, the stock retreated by...

Jasa Marga – Astra Deal on Semarang-Solo Toll Road

May 18, 2017 | Profiles

As reported earlier, Jasa Marga (JSMR) has on Wednesday (May 17) divested 15% shares in the Semarang-Solo toll road project to Astratel Nusantara. Upon completion of the transaction, Astratel’s ownership increased to 40%, while Jasa Marga declined to 58.91%. PT Sarana...

Anies-Sandi & Their Heavy Luggage (11): The Teams

May 16, 2017 | Profiles

Sudirman Said, former energy and mineral resources, known for his close relationship with VP Jusuf Kalla and some business grous, has been appointed leader of the so-called synchronization team of elected Jakarta governor and vice governor Anies Baswedan and Sandiaga...

Hutchison in Indonesia

May 16, 2017 | Profiles

On the first week of May 2017, while on an official visit in Hong Kong, President Joko “Jokowi” Widodo met with several Hong Kong businessmen, including Li Ka-Shing, Asia’s richest man and the man behind Hutchison Whampoa Ltd conglomerates. The meeting was a...

Anies-Sandi & Their Heavy Luggage (10): TOD Projects

May 15, 2017 | Profiles

Basuki Tjahaja Purnama (Ahok) signed Regulation No. 44/2017 about Transit-Oriented Development (TOD) before the court sentenced him two years prison in the blasphemy case. Ahok has also appointed companies owned by the city administration to develop the TODs along the...

Revisiting The Troubled Trikomsel

May 14, 2017 | Profiles

Trikomsel Oke (TRIO), once one of the largest ICT retailers in Indonesia, has finally released its audited financial statement for the period ended December 31, 2016. In the year, Trikomsel booked net sales of Rp1.72 trillion, crashed from Rp6.46 trillion in 2015. Net...

Anies-Sandi & Their Heavy Luggage (9): Jakarta LRT Project

May 11, 2017 | Profiles

Then incumbent governor Basuki Tjahaja Purnama (Ahok) was mad when the so-called ‘transition team’ of elected governor and vice governor of Jakarta Anies Baswedan-Sandiaga Uno pushed for inclusion of their campaign programs in the revised 2017 budget of the city...

PT Rockit Aldeway: Rock It All The Way!

May 9, 2017 | Law, Profiles

Efforts from seven banks—-Mandiri, BNI, QNB Kesawan, Muamalat, Commonwealth, HSBC Group—-to recover their losses in PT Rockit Aldeway, reportedly owned by Harry Suganda—-former banker of HSBC Indonesia, hit another wall related to Rp1.02 trillion claim from...

Anies-Sandi & Their Heavy Luggage: Reclamation (7)

May 8, 2017 | Profiles

Some media outlets quoted Rico Sinaga and Budi Siswanto, both were described key figures in Anies-Sandi campaign team, saying the elected governor and vice governor will be selective in terminating reclamation project in Jakarta. So, whose project will and will not be...