Northstar Group: What’s Next?
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
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 Law's...
A More Aggressive Citra Marga
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? First of...
Ometraco Group
About 16 trucks were hired to transport arranged condolence flowers sent by various businessmen for the loss of Carla Widjaja last Friday. Carla is the wife of the late Ferry Teguh Santosa, founder of Ometraco Group which almost collapsed in 1997-1999 financial crisis.
Indonesian SAGA Group
So, you've known about Saga Energy Inc, which will become partner of Laguna Cipta Griya in North Sumatra oilfield. We initially thought they're talking about Saga Group in Indonesia, which turned out to be a completely different group. Let's learn a bit about them....
Revisiting Kapal Api Group
Kapal Api is dominant coffee player in the country. Its coffee shop chain challenges global name like Starbucks. The group’s business is clearly way beyond coffee. It is one of the largest consumer goods and retailer players in the country. Five years ago, media...
Hatta Rajasa & Business ‘Deals’ (6)
Former chairman of National Mandate Party (PAN) Amien Rais has often criticized foreign investments in natural resources sector, including Freeport Indonesia. Amien considers Freeport new form of colonialism. We have also heard similar tones from leaders of PAN. What...
Hatta Rajasa & Business ‘Deals’ (5)
As coordinating minister for the economy, Hatta Rajasa might have no execution power. The position, however, places anybody in the job a huge access to important decision making. Divestment of mining companies like Newmont, Freeport, or appointment of investors for...
Hatta Rajasa & Business ‘Deals’ (4)
August 2009, PT Telekomunikasi Indonesia (TLKM) Tbk announced its plan to acquire majority shareholding in Indonesian Tower (PT Solusindo Kreasi Pratama), which operated 800 telecommunication towers back in 2008. Four months later, December 2009, Telkom dropped the...
Hatta Rajasa & Business ‘Deals’ (3)
Last week's marriage of Ibas and Aliya has clearly strengthened Hatta's political and business network in the country. His son has earlier married to daughter of a businessman. Some executives and leaders of Hatta's National Mandate Party (PAN) are also business...