Wilmar & Synergy: Amalgamation of plantation business in Indonesia
Two palm oil giants have been emerged with Wilmar's acquisition of PPB Oil and the merger of Guthrie, Sime Darby & Golden Hope into Synergy. Both have strong operations in Indonesia and Malaysia, but it's Singapore who get most of the gains. What? Two palm oil...
Mari Pangestu’s mother passed away
Evi Elka Pangestu, mother of Mari Elka Pangestu (minister of trade), passed away on Thursday at 85. Evi, wife of the late economist Yusuf Panglaykim, survived three children (Mari, Tikki, and Pingki) and five grandchildren (Pang, Bayu, Raymond, Alexander, and Budi)
Tommy Winata & sugar business
President SBY inaugurated the commercial operation of four sugar plants yesterday. One of them is reportedly owned by Tommy Winata's Artha Graha Group. Sweet! But Melvin Korompis, the one who took SBY to a plant tour yesterday denied the company mentioned, PT Angels...