Charles Honoris, director of PT Foton Mobilindo (distributor of automotive products)—member of Modern Group (Honoris Family), is among lawmaker candidates for Jakarta III election area from PDI Perjuangan. He competes names like Effendi Simbolon (lawmaker at...
Some were caught by surprise with a front page report of Kompas, the largest newspaper in the country, on Thursday. Kompas quoted anonymous source that Karen Agustiawan, CEO of Pertamina (the largest company in Indonesia), was caught in a conversation with then SKK...
Adrian Kiki Ariawan has finally been extradited from Australia to Indonesia. Adrian, former shareholder of the collapsed Bank Surya, has been detained at Cipinang Correction Center since yesterday. The 70-year old was sentenced for life in prison in an in absentia...
Sinarmas Group’s Golden Agri-Resources mulls US$500 million investment plan to boost its presence in the oleochemical world, especially fatty acid. Djarum and Wings Group, meanwhile, expand their fatty alcohol business. Fatty acid and alcohols are two of the...
What more can I say? President Susilo Bambang Yudhoyono has once again claimed that eradication of corruption during his term is the most aggressive in Indonesian history. A naïve claim considering the poor performances of the two key law enforcement institutions...
The prevailing belief is that no one can compete with the Governor of Jakarta, Joko “Jokowi” Widodo. But a friend of mine disagreed, he believed that the Mayor of Surabaya, Tri Rismaharini, could very well defeat Jokowi. At that time, I didn’t...
After divesting shares in Jakarta Garden City to Modernland for S$249 million and indirect ownership in Hotel Sedona, Manado last year, Keppel Land—developer of two office towers in Jakarta, reinvests in the city’s property market with plan to develop more...
Hanura Party, where Harry Tanoesoedibjo is the ‘campaign manager’, sets an ambitious target to come out as third largesy party in April election. Latest survey from Kompas, the largest newspaper in Indonesia, pointed to Hanura in sixth behind Nasional...
On May 16, 2013, Ottawa Holdings Pte Ltd, unit of MNC Investama (BHIT) issued US$365 million 5.875% Senior Secured Guaranteed Notes due 2018. Market price of the Notes, unfortunately, has dropped significantly in the past few months on potential higher risks because...
Bagus Group and its controlling owner enjoyed the boom of consumer market in recent years. The owner, despite controversies surrounding Kopitiam trade mark dispute, was elected chairman of The International Association of Fuzhou Corporation in December 2012 to lead...
