New Jakarta Police Chief: Unggung Cahyono

Today (Sep. 3), the National Police office is going to hold a handover ceremony for a number of police officers that have been promoted according to the Secret Telegram ST/1717/IX/2014 issued on Monday (Sep.1). The Jakarta police chief Inspector General Dwi Priyanto...

Impending Changes in SOE Leadership: PLN

Apart from the impending changes in the leadership of the 2014-2019 House of Representatives (DPR) and the ministries, the changes of leadership in the State-Owned Enterprises (SOEs) are also interesting to watch. As you may know, massive state-owned companies such as...

Waiting for More Actions at Nursalim Planet (II)

Nursalim Family, through Tuan Sing Holdings Ltd, a company listed on the stock exchange of Singapore (SGX), is known property developer in Singapore and China. On Tuesday, September 2nd, Tuan Sing launched an acquisition of A$126.04 million in Australia. How about...

Sintong Panjaitan & the Bintang Delapan Group (Part II)

On Mar. 18, 2014, the Minister of Industry M.S. Hidayat—a politician of the Golkar Party —met with the entourage of PT Sulawesi Mining Investment—a Joint Venture (JV) company between Bintang Delapan Group and Dingxin Group, a member of Tsingshan Group of Companies...

Sintong Panjaitan & the Bintang Delapan Group (Part I)

Lt. Gen. (ret) Sintong Panjaitan is one of the retired generals in the inner circle of President-elect Joko “Jokowi” Widodo. Sintong is an interesting figure to look into because he’s more than just a widely-respected military general; he too is a very well-connected...

Modern Group: Property, Retail & Minerals

Acquisition of Jakarta Garden City from Keppel Land (Singapore) has lifted the profile of Modern Group in property sector. Modernland Realty (MDLN) booked sales revenue of Rp1.79 trillion in the first half of 2014, jumped by 72% from the same period of 2013. Higher...

SBY’s Precious Last Gift to Tommy Winata

President Susilo Bambang Yudhoyono will soon leave office. Today, the Constitutional Court is scheduled to announce a ruling on July 9 election disputed by Prabowo-Hatta. Whatever the Court’s ruling will be, Tommy Winata could still proceed with his ambitious resort...
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