Sitorus & Ganda Group
Martua Sitorus is known for his Wilmar International Ltd, a company with market cap of S$27 billion, listed in Singapore but most of operations in Indonesia. How about his brother Ganda Sitorus?
Longki Djanggola
For those with business operations or interests in Central Sulawesi province, you might have to start learning more about this guy: Longki Djanggola. He might be confirmed as the new governor in the province, which repeatedly rocked by social conflicts. The most...
Malinda Dee & Political Friends
Malinda Dee is a trending topic still. First we were told that she allegedly embezzled Rp17 billion funds from three Citibank clients when she was relationship manager for the bank's Citigold. Police then revised up the amount reportedly embezzled to Rp20 billion....
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...