Li Ka Shing & Indonesia
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 major...
Indoland Group: Beyond Land
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
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 Stock Exchange (IDX). But Sumitomo’s operation is clearly way beyond finance. This is the one of the largest groups with vast business interests in Indonesia, from minerals to LNG, and from steel to property.
Kentjana Widjaja & His Ventures
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
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.
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....