Mo Munshi, Antam Etc
Paramount Mining Corp. Ltd, a company listed on Australia Stock Exchange (ASX), through its subsidiary, PT Paramount Energi, has entered into a strategic partnership with state miner PT Aneka Tambang Tbk to develop coal projects in Indonesia. Earlier, Prosperity...
Bong Chandra & Property Challenge
Bong Chandra is considered 'No 1 Youngest Motivator in Asia'. We have no idea about the accuracy of this title. But it's true he is young, 23 years old and CEO of three companies with 150 employees. Monday (March 21), Bisnis Indonesia quoted Bong saying his company...
Arifin Family & Business Empire
Bustanil Arifin, former minister of SMEs and cooperatives under Soeharto regime, has just passed away. He leaves behind a business empire with interests in property, plantation, food processing, and retail. One of them might launch an initial public offering (IPO)...
Deddy Hartawan Jamin
Forestry company PT Sumalindo Lestari Jaya (SULI) Tbk, a company controlled by Sampoerna and Sunarko families, has been in dispute with its minority shareholders namely Deddy Hartawan Jamin and Imani United Pte Ltd. Who is Deddy Hartawan Jamin? Sumalindo denied all...
Revisiting Ganda Group
So, two-state banks (BNI and BRI), Indonesian Eximbank, and Bangkok Bank Plc have provided loan commitment of Rp5.27 trillion to PT Cemindo Gemilang for the construction of one cement plant in Banten province and two grinding plants in two different locations. This would strengthen Ganda Group’s position in the country’s cement market.
The Joker, Nursalim, & Tan Kian
Three businessmen: Djoko Tjandra, Sjamsul Nursalim, and Tan Kian, are currently facing legal issues with Indonesian authorities. Djoko’s passport has been revoked. Meanwhile, civil lawsuits against Nursalim and Tan Kian are underway. What’s going on?
Adikoesoemo: What’s Next?
PT AKR Corporindo (AKRA) Tbk will get US$244 million from divestment of its 68% shares in sorbitol producer PT Sorini Agro (SOBI) Tbk. Haryanto Adikoesoemo, CEO of AKRA, said it divests SOBI because AKRA wants to focus in chemicals distribution, logistics...
A More Aggressive JAPFA
PT Japfa Comfeed Indonesia (JPFA) Tbk is among the best performing stocks this year, gained 155% year-to-date. The company has just secured a US$110 million facility from Bank Central Asia (BCA) to finance expansion and working capital. JPFA has retreated 19.7% from...
Adijanto Family & Business Empire
The family, like others, was in trouble in late 1990s due to the collapse of banking system. In recent years, the family has expanded its business in coal mining, plantations, and forestry. This family controls at least three companies listed on the Indonesia Stock...
Minang Merchants Network: Who’s Who
It was a busy weekend for Kalla. He was there in his capacity as Vice President. He brought with him several high-profile business & politic leaders of Minangkabau ethnic such as Industry Minister Fahmi Idris and deputy chairman of Regional Representative Council (DPD) Irman Gusman who are also Golkar Party leaders.