Lapindo Mudflow Disaster, Six Years Later

Elshinta Radio had an interesting interview with Yudo Wintoko, one of the victims of Lapindo mudflow in Sidoarjo, East Java this afternoon. Other than appealing to Nirwan Bakrie for an immediate settlement of overdue compensation, Yudo expressed his disappointment...

Dahlan & His Guys

Two months ago, Ismed Hasan Putro, former journalist at Jawa Pos Group controlled by Dahlan Iskan (now minister of state-owned enterprises), was appointed president director of PT Rajawali Nusantara Indonesia, a state-owned company involved in trading of strategic...

Tong Keng Siong vs Gunawan Jusuf

Lucas SH & Partners placed a half-page advertisement in Indonesian media this morning about the South Jakarta District Court’s ruling in the pre-trial lawsuit filed by Tong Keng Siong, director of Aperchance Company Ltd, related to a long legal dispute...

Sanbe: Beyond Pharmaceuticals

Five years ago, President Susilo Bambang Yudhoyono inaugurated commercial operation of PT Caprifarmindo Laboratories in Bandung, West Java. Two months ago, House Speaker Marzuki Ali attended the inauguration of what Sanbe claimed as the first oncology plant in...

Revisiting Bayan Resources

Stock market players may skip this article, because Bayan Resources (BYAN) is not a liquid stock. Its market value has dropped 46.4% year-to-date. Still, BYAN is among the most expensive coal stocks, traded with PE multiple 40 and PBV 4.7, even though its annualized...

Revisiting Kedaung Group

Agus Nursalim, one of founders of Kedaung Industrial Group, has just passed away. Agus, known for his close relationship with political elites in the country, leaves behind a big family and a business group with interests in various sectors in Indonesia and China....

Murdaya & Bribery Allegation (2)

Immigration Office has imposed travel ban on business woman and politician Siti Hartati Murdaya, founder and owner of CCM Group/Berca Group. The lady, known as active member of SBY-Boediono campaign team in 2009 election, has to stay home to support an investigation...

Kobexindo & People Behind

United Tractors, Trakindo, and Hitachi are the leading players in heavy equipment market here for many years. Four years ago, Kobexindo Group targeted itself to be third largest in the industry. Kobexindo Tractors, one of its units, now plans to offer up to 30% shares...

Sumitomo in Indonesia (2)

Sumitomo Corporation has decided to invest 3 billion yen to build hydraulic excavators factory in Karawang, Indonesia about three months ago. This would be a serious competitor to Komatsu (United Tractors), Hitachi (Hexindo), and Caterpillar (Trakindo). How about...

Inovisi Infracom: Real Deal?

Inovisi Infracom (INVS) is now a company with market capitalization of Rp15.3 trillion, bigger than Indika Energy (INDY). The company has announced various acquisitions in the past two years. Acquired B2B e-commerce company for US$40 million, purchased Ozura World for...
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