Industrial Catering Players

Feb 17, 2014 | Profiles

Industrial catering is a big business. In Indonesia, the business is also dominated by ‘big boys’ close to people in power, especially in mining and oil & gas. Bob Hasan, golf buddy of the late president Soeharto, for example, is known for his...

SKK Migas Scandals: The Simbolons, Rubiandini & Jero Wacik

Feb 17, 2014 | Profiles

Arta Meris Simbolon, daughter of Marihad Simbolon, who is also CEO of Parna Raya Group, was an interesting witness in the trial of Rudi Rubiandini, former head of SKK Migas, last Tuesday (Feb 11). Prosecutors confronted her with a taped conversation between her and...

Island Concepts (ICON) & The Controversial Bali International Park

Feb 17, 2014 | Market, Profiles

Our source was right when he suspected the award of land use right for an area over 250 hectares in Jimbaran Bay, Bali Island few years ago for the sake of ‘2013 APEC Summit’. We all know that the area, where the so-called Bali International Park, should...

YOGYA Group & Retail Explosion

Feb 17, 2014 | Profiles

YOGYA Group, operator of YOGYA and GRIYA department stores, is among the oldest players in modern retail industry here. Two of its major competitors, MATAHARI and RAMAYANA, are listed on Indonesia Stock Exchange (IDX) with market capitalization of Rp39 trillion and...

Growing Interests in Manufacturing Sector (2): MLIA

Feb 17, 2014 | Industries, Profiles

In November 2012, when we posted an article titled ‘Revisiting Mulia Industrindo’, the stock was traded at around Rp250. It rallied to as high as Rp740 year, but then retreated to below Rp300 in September 2013. Mulia Industrindo (MLIA) then launched the...

Growing Interests in Manufacturing Sector (1): LTLS

Feb 14, 2014 | Industries, Profiles

Lautan Luas (LTLS) is one of few players consistently develop their position in domestic manufacturing. It has 100 international principals and distributes more than 1,000 chemical products. Principals of Lautan Luas are also partners of Djarum Group and Wings Group,...

Yusril + Sukanto Tanoto & Political Changes (Part II)

Feb 12, 2014 | Profiles

Yusril Ihza Mahendra and Sukanto Tanoto have both sailed through five presidents with ups and downs, friends and nemesis in politics and business. Yusril was speech writer of then president Soeharto. Sukanto’s business was also flourished during Soeharto years....

Yusril + Sukanto Tanoto & Political Changes

Feb 12, 2014 | Profiles

Former minister of law and human rights Yusril Ihza Mahendra has been appointed legal advisor by Asian Agri, a company controlled by tycoon Sukanto Tanoto. Asian Agri is trying to challenge the court’s ruling, which forces the company to pay more than US$200...

MNC Group: Growing Political Investments

Feb 10, 2014 | Profiles

Weeks into April 9 legislative election, Harry Tanoesoedibjo has intensified his nationwide tour in his capacity as ‘campaign manager’ of Hanura Party and vice president candidate from the party. On the other hand, Media Nusantara Citra (MNCN), considered a locomotive...

Hikmahanto Juwana & His Rhetorics

Feb 10, 2014 | Profiles

Kompas, the largest newspaper in the country, published an article of Hikmahanto Juwana titled ‘Freeport and Newmont’ in its op-ed section this morning. In the article, Kompas only mentioned Hikmahanto as ‘International Law Professor at Law School of...