The Joker, Mulia Group & Politics
The Joker agreed to return US$60 million disputed funds from the high-profile Bank Bali scandal about a decade ago, media reported in the last few days. The Joker, identified in a controversial phone conversation between then junior attorney general for special crime Kemas Yahya Rahman and businesswoman Artalyta Suryani who has been accused of bribing state attorney Urip Tri Gunawan for US$660,000 (upon the order of Itjih Nursalim, wife of tycoon Sjamsul Nursalim), is Mr Joko Soegiarto Tjandra. (Read our previous report on The Joker). Marwan Effendy, Rahman’s successor, disclosed the commitment to return the US$60 million fund to the State on Friday just days after AGO announced its plan to file judicial review on the case where Mr Tjandra was released from charges few years ago.
Agung Sedayu Group
Agung Sedayu Group is a fast growing property developer in the country. Sugianto Kusuma, partner of Tommy Winata in developing Artha Graha Group, is the man behind Agung Sedayu. The group is working on several projects such as The Mansion Kemang (US$24.5 million)...
Joker & the other cards
Card players know exactly The Joker’s use is greatly varied. The Joker can be an extremely beneficial, or an extremely harmful, card. According to Wikipedia, in Euchre The Joker is often used to represent Benny, the highest trump. In poker game, it is wild—allowed to represent other existing cards. However, in the children’s game Old Maid, a solitary joker represents the Maid, a card that is to be avoided.
Agung Podomoro Group
Agung Podomoro Group is known for its self-financed and consumer-financed property projects. But looks like that has changed in recent years. Today, the company signed a Rp1.1 trillion loan with BNI, BII, and CIMB Niaga to partly finance its Rp2.7 trillion Central...
Astra Group in Q1
PT Astra International (ASII) Tbk reported 16% drop of net profit in Q1 2009 to Rp1.87 trillion, mainly due to significant drop of profit at plantation unit Astra Agro Lestari (AALI) and the automotive division, while the heavy equipment unit PT United Tractors (UNTR)...
MAKIN Group & Land Disputes
Kalteng Pos reported on Wednesday that land dispute between people in three villages (Sikan, Hajak, and Kandung) in three different sub-districts of Katingan Regency, Central Kalimantan and PT Antang Gunung Utama (AGU) continues.
Asia Kapitalindo & Bakrie action
Brokerage firm PT Asia Kapitalindo Securities Tbk or AKSI (literally means "action") has just published its 2008 financial results with net profit of Rp0.6 billion, dropped 93% from 2007. That's not the interesting part. The firm's repurchase agreement (repo) deal...
2008 Results: Mandom, BAT & Bentoel
Consumer goods producer PT Mandom Indonesia Tbk reported net profit of Rp114.8 billion last year, inched up by 3.2% despite strong sales growth. Meanwhile, cigarette producer PT BAT Indonesia Tbk reported net loss of Rp86.6 billion, jumped 153% from net loss of Rp34...
Astra’s performance
PT Astra International (ASII) Tbk booked net profit of Rp9.19 trillion or around US$840 million last year, increased 41% from 2007 on strong revenue growth of 38%. Last year probably one of the most profitable year for Astra thanks to commodities and automotive sales....
Adira’s profit & motorists
Consumer financing company PT Adira Dinamika Multi Finance (ADMF) Tbk reported net profit of Rp1.02 trillion in 2008, jumped 82.4% from the previous year on unbelievably high interest rate paid by motorists. With earning per share of Rp1020 last year, ADMF is...