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...
Hatta Rajasa & Business ‘Deals’ (2)
Before the current position as coordinating minister of the economy, Hatta was minister of technology, minister of transportation, and then minister of State secretary. Being chairman of political party in Indonesia, someone like Hatta, should also 'smart' to raise...
Hatta Rajasa & Business ‘Deals’ (1)
Soemino Eko Saputro, former director general of railways at ministry of transportation, has been sentenced three years jail Monday (November 28). Hatta Rajasa was minister of transportation when Soemino allegedly committed the corruption. This case is another good...
ATPK Resources & The Coal Hype
Lots of companies listed on the Indonesia Stock Exchange (IDX) have changed their business: from chicken to coal (Cipendawa), from shoes to coal (Hanson), from plywood to coal (Resources Alam), from shrimp farming to coal (ATPK Resources), etc. So, someday, we might...
Luwansa Hotel & People Behind
Luwansa Hotel has just held a topping-off ceremony for the construction of JS Luwansa Hotel in Jakarta this week. The four-star, 245-room hotel, will be the third in the group. Who’s behind? Luwansa Group has operated two hotels in Palangkaraya, Central Kalimantan and...
Close-Up: GITA WIRJAWAN
Gita Wirjawan is named the 'richest' cabinet member with over US$40 million of wealth. As minister of trade, he is expected to boost Indonesia's export profile, but at the same time protecting domestic market from influx of imported products. Hours after the...
Close-Up: SYARIF TJITJIP SOETARDJO
Sharif Cicip Sutardjo (some writes Syarief Tjitjip Soetardjo, old bahasa), businessman and politician from Golkar Party, has been installed new minister of fisheries and marine affairs. Cicip replaced Fadel Muhammad. Both are deputy chairman of Golkar Party led by...
Close-Up: E.E. Mangindaan
Evert Erenst Mangindaan, a retired Lt general, has been installed new minister of transportation, replacing Freddy Numberi. His close friends called him Lape. Transportation is a strategic ministry. People in the oil and gas sector, for example, might wonder whether...
Close-Up: JERO WACIK
President SBY has appointed Demokrat politician and businessman Jero Wacik as minister of energy and mineral resources, replacing his fellow Demokrat politician Darwin Zahedy Saleh. A public rally rejecting Jero Wednesday (Oct 18) failed to influence SBY. Besides, the...