Prabowo Regaining Momentum?

Feb 24, 2014 | Profiles

One of the keys to success in a presidential race is momentum. Many believe that Prabowo Subianto has lost his — he had it in 2009, and today is Jakarta Governor Joko “Jokowi” Widodo’s time. Nevertheless, Prabowo still believes that he has the...

Bosowa Group & Its Aggressive Expansion (II)

Feb 24, 2014 | Profiles

Semen Baturaja (SMBR) is the first cement company releasing full year 2013 results. This company booked net profit of Rp312 billion from sales revenue of Rp1.17 trillion, representing net profit margin (NPM) of 27%. Semen Gresik and Indocement reported NPM of 22.5%...

Bosowa Group & Its Aggressive Expansion

Feb 24, 2014 | Profiles

Bakrie Group dominated acquisitions few years ago despite troubles at its main locomotive: Bumi Resources. Chairul Tanjung’s CT Corp followed with over US$1 billion acquisition of retail giant Carrefour Indonesia, stakes in flag carrier Garuda Indonesia or cable...

From JokoWHEE to JokoWHA?

Feb 21, 2014 | Profiles

On Feb. 11, 2014, vice presidential hopeful from Hanura Party, Hary Tanoesoedibyo, spoke to his fellow partymen in Banyuwangi. In his talk, Hary spoke briefly about Jokowi about whom he said, “His time is up.” Hary Tanoe was referring to Joko...

Wilmar International: Acquires More, Generates Less

Feb 21, 2014 | Profiles

Shares of Wilmar International gained 1.51% to S$3.36 Thursday (Feb 20). It is, however, nowhere near its peak early last year and still not even half of its value four years ago. The company generated net profit of US$1.32 billion last year, grew 5.1% from 2012, but...

Bakrie Group & The Changing Dynamics

Feb 20, 2014 | Profiles

Asia Resource Minerals Plc informed market participants yesterday that Bakrie Group has only raised US$163 million, rather than the US$228 million required to complete the separation transaction (Bakrie leaves London-listed company, but gets Bumi Resources shares) on...

Minister of Trade Muhammad Lutfi

Feb 19, 2014 | Profiles

The new Minister of Trade is not a new face in Indonesian politics. Muhammad Lutfi was a member of President Susilo Bambang Yudhoyono’s first cabinet. He was the country’s Chief of Investment Coordinating Board (BKPM) who later became Indonesia’s...

Convenience Stores: DM Baru Group

Feb 19, 2014 | Profiles

Other than big players like Indomaret, Alfamart, Alfamidi, Circle-K, 7-eleven, Lawson, and Starmart, there are smaller chains offering the same self-service concept that are typically owned by a local family living in the neighborhood in which the chain operates. In...

Growing Interests in Manufacturing Sector (3): AKPI

Feb 19, 2014 | Industries, Profiles

Growing domestic consumption normally leads to increasing demand for plastic. Indonesia is still a country heavily rely on imported plastics and articles. Last year, while overall import declined 2.6%, Indonesia’s import of plastics grew 3.7% to US$2.53 billion....

Tri Rismaharini: A Game Changer?

Feb 18, 2014 | Profiles

Not that many people knew her. Her popularity was nowhere close to Jokowi’s. She wasn’t even in the universe of Jokowi worshippers. But political dynamics change really fast here in Indonesia. Today, Tri Rismaharini is the country’s rising star. There are those who...