Mass Layoffs Post Mineral Export Ban (3)

Feb 7, 2014 | Profiles

Tribunnews.com reported from Kendari, the capital city of Southeast Sulawesi province, few hours ago that about 14,000 workers at 47 nickel mining companies have been laid off without severance following implementation of mineral ore export ban since January 12, 2014....

SKK Migas Scandals: Ibas, Chevron, Priyono…(III)

Feb 5, 2014 | Politics, Profiles

Pressures have been mounted to the Corruption Eradication Commission (KPK) to immediately examine Deni Karmaina, allegedly high school friend of Edhie Baskoro Yudhoyono (Ibas), in graft scandals surrounding SKKMigas, the powerful upstream oil and gas regulatory body....

SKK Migas Scandals: Ibas, Chevron, Priyono…(II)

Feb 5, 2014 | Politics, Profiles

It was initially Kernel Oil. Investigations then led to other names: Deviardi, golf trainer of Rudi Rubiandini, revealed about Surya Esa Perkasa, Panca Amara Utama, and Parna Raya Group. Gerhard Marteen Rumeser, Rudy’s former deputy, mentioned about PT Timas and...

SKK Migas Scandals: Ibas, Chevron, Priyono…

Feb 5, 2014 | Profiles

PT Rajawali Swiber Cakrawala, participant in the tender for Chevron’s multi billion dollar Gendalo-Gehem project, PT TIMAS, former BPMigas chief R Priyono, Democratic Party lawmaker Jhonny Alllen Marbun and Edhie Baskoro Yudhoyono (Ibas), lawmaker and son of...

Bankruptcies: Benangsari & Mitra Sutra

Feb 5, 2014 | Profiles

PT Bakrie Swasakti Utama, subsidiary of Bakrieland Development (ELTY), escaped bankruptcy after the Supreme Court denied the cassation filed by Soetomo, buyer of apartment at Taman Rasuna, recently. PT Mitra Supra, however, has been declared bankrupt in a case filed...

Jakarta Old Town Consortium & Politics

Feb 4, 2014 | Politics, Profiles

Nine companies, representing major property & real estate developers and business group, have finally established PT Pembangunan Kota Tua Jakarta (PKTJ), which will become partner of city administration in the management and development of the Old Batavia in...

Lawmaker Candidates from Business Sector (VII)

Feb 4, 2014 | Profiles

Hatta Rajasa’s National Mandate Party (PAN) nominates two directors of PT Arthindo Utama, a company controlled by Hatta’s family, as lawmakers in South Sumatra and Riau election area respectively. Prabowo Subianto’s Gerindra Party also nominates...

Jokowi: Gus Dur All Over Again?

Jan 30, 2014 | Profiles

Governor of Jakarta, Joko “Jokowi” Widodo, is known for his ability to reach and connect with various stakeholders. He is capable of bringing multiple interests together to successfully achieve a common goal. This was evident early in his term with the...

Lawmaker Candidates from Business Sector (VIII)

Jan 30, 2014 | Profiles

Aburizal Bakrie’s Golkar Party nominates Siti Hediati Haryadi (Titiek), former wife of Prabowo Subianto, as lawmaker candidate in election area of Yogyakarta, hometown of her late father Soeharto. She competes Suhardi, chairman of Prabowo’s Gerindra Party,...

Bachtiar Family & Hidden Treasures

Jan 30, 2014 | Profiles

Limas Centric Indonesia (LMAS) is not an attractive stock. Rarely traded, the stock returned to the ‘cushion price’ of Rp50 on Wednesday (Jan 29). At this price, LMAS only has market capitalization of around Rp39.4 billion, less than half of its equity as...