Trisurya Group & People Behind

Mar 1, 2012 | News Group, Profiles

Established in 2008, Trisurya Group is a growing resources player in the country. At least that’s what the group claimed in its website. One of its subsidiaries worked with Sojitz for coal-fired power plant project in Bali three years ago. That’s right!...

A More Aggressive Citra Marga

Mar 1, 2012 | Profiles

National media reported early this week that toll road operator PT Citra Marga Nusaphala Persada (CMNP) Tbk plans to enter mining infrastructure business in partnership with San Miguel Corp. The company also sets an ambitious target for 2012. Who’s in charge?...

Reality Check on Tempo Scan

Feb 11, 2012 | News Group, Profiles

Tempo Scan Pacific (TSPC), the second largest pharmaceutical company listed on Indonesia Stock Exchange (IDX), is not a liquid stock like Kalbe Farma (KLBF), despite placement of 800 million shares to some investors few months back. Since the placement, Tempo Scan...

Li Ka Shing & Indonesia

Feb 9, 2012 | News Group, Profiles

Li Ka Shing is still the richest man in Hong Kong, according to Forbes. Li is also one of the largest investors in Indonesia, ranging from infrastructure to energy. He was involved in Mitra Rajasa-Apexindo deal, reportedly as creditor, which turned sour. Mr Li’s...

Indoland Group: Beyond Land

Feb 2, 2012 | News Group, Profiles

In June last year, we published an article about PNE Micron, a small small company engaged in the production of electronic components. PNE Micron launched a reverse takeover of Bali property assets controlled by Indonesian business groups. Unfortunately, the deal...

Sumitomo in Indonesia

Feb 1, 2012 | Profiles

Sumitomo Corporation announced over the weekend a capital injection of Rp2.4 trillion or around US$218 million into two of its subsidiaries dealing with automotive financing PT Oto Multiartha and PT Summit Oto Finance—both are bond issuers listed at Indonesia...

Kentjana Widjaja & His Ventures

Jan 30, 2012 | News Group, Profiles

Three years ago, businessman Kentjana Widjaja, through Quattro Inti Investama, was among investors competing to acquire Berau Coal from Risjad family and Boy Thohir (shareholder of Adaro). We all know he lost in the race to Bakrie Group-led consortium. Very few...

Yap Hong Tjoen & Finansia

Jan 28, 2012 | Profiles

Dr Yap Hong Tjoen, according to Wikipedia, is a philanthropist from Yogyakarta, known as close friend of national education hero Ki Hajar Dewantara. He established the famous eye clinic Dr Yap. His son Dr Yap Kie Tiong took over management of the hospital in 1949. Yap...

Northstar Group: What’s Next?

Jan 12, 2012 | News Group, Profiles

Shareholders of Trimegah Securities, a brokerage firm, have replaced Omar S Anwar as CEO and Ubaidillah Nugraha as director as of yesterday. This is a sign of ownership changes at Trimegah following months of speculations surrounding Equator Securities established by...

Djoesianto Law & Network

Jan 8, 2012 | News Group, Profiles

Consciencefood Holding Ltd is a small cap on Singapore Exchange (SGX). It has market capitalization of S$85.2 million. That’s probably why Mr Djoesianto Law has yet to be included in the Forbes’ list of rich people. Still, it is interesting to watch Mr...