Mahkota Group & People Behind

Mahkota Group has just inked a lucrative deal with state-owned coal producer PT Tambang Batubara Bukit Asam (PTBA) Tbk. Mahkota Group will get Rp861.38 billion in cash from divestment of subsidiary PT Bumi Sawindo Permai. Who’s behind Mahkota Group? According to the...

KPK Commissioner Candidate Roby Arya Brata

Roby Arya Brata, one of the two candidates for the position of commissioner for the Corruption Eradication Commission, has been under public scrutiny. There are those who are uncomfortable with Roby given that he’s Susilo Bambang Yudhoyono’s aide during the Sixth...

Tahir Family: Business & Politics

Dr Tahir, owner of Mayapada Group, has been everywhere in the past few months. After the controversial appointment as special advisor for Indonesian military, Tahir, through Tahir Foundation, awarded Lifetime Achievement Award to fifth president Megawati Soekarnoputri...

Waiting for More Actions at Nursalim Planet (III)

Tuan Sing Holdings Ltd, a property developer controlled by Sjamsul Nursalim family, has issued S$80 million 4.5% per annum Notes due 2019 under its S$900 million multi-currency Medium Term Note Program (MTN) established last year. DBS Bank Ltd. and The Hongkong and...

The New Trend: Liquid Nitrogen Ice Cream

Jakarta is welcoming a new trend. Not that many people were aware of liquid nitrogen ice cream, but now more and more residents of the capital city are getting acquainted with the sub-zero delicacy. With liquid nitrogen ice cream freezes at the extremely low...

Baskin-Robbins of PT Trans Ice

Baskin-Robbins is known as one of the oldest premium ice cream brand in Indonesia. The brand was brought into Indonesia by PT Naryadelta Prarthana of Mrs. Alien Lim in 1991. Baskin-Robbins Indonesia opened its first stores in Plaza Indonesia and Blok M Plaza in...

MPR Speaker Zulkifli Hasan: Business & Politics

Zulkifli Hasan served as the Minister of Forestry for the period of 2009-2014 under President Susilo Bambang Yudhoyono’s administration. Zulkifli earned a ticket to the DPR and the MPR after he was elected as lawmaker of PAN in the 2014 legislative election of Lampung...

Haagen-Dazs of PT. Rahayu Arumdhani International

From the first-class automotive showrooms selling Ferraris, to the upper-market ice cream Haagen-Dazs, it seems that Adiguna Soetowo’s and Soetikno Soedarjo’s Mugi Rekso Abadi (MRA Group) of is all about the business of high-end lifestyle products and services. The...

Cold Stone Creamery of PT Sari IceCream Indonesia

Cold Stone Creamery Indonesia began its operation in 2007, soon after PT Mitra Adiperkasa Tbk (MAPI) was granted the franchise license for the Cold Stone Ice Cream. PT Sari Ice Cream Indonesia, a subsidiary of MAPI, is the current holder of the Cold Stone Creamery...

House Speaker Setya Novanto, Part I

Early this morning (Oct. 2), Setya Novanto, Treasurer of Golkar Party, was elected as well as inaugurated as the new Speaker of the House of Representatives (DPR) for the 2014-2019 period. Many refer to Setya Novanto as a controversial figure due to various cases in...
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