CATL: Here, There, and Everywhere
So, one in three electric cars uses batteries produced by China’s CATL. In the first three weeks of 2023, the company has signed three important agreements, two in China and one in Indonesia. In China, CATL signed business partnerships with NIO and NETA Auto, both are...
The Fall of TaniHub
As the digital era develops, start-ups in the agritech field have attracted attention. The aspirations of most of the founders are similar, breaking the distribution chain from farmers to buyers and strengthening the position of farmers. Several years passed with the receipt of fantastic funding by several start-ups. Out of all of them, TaniHub is one that stands out the most. However, since last year, rumors that the company went bankrupt began to emerge as the founders left. Towards the end of last week, the company finally had to face a PKPU lawsuit.
Jackson Tandiono and Nipress
The past few years have been difficult for PT Nipress Tbk (NIPS). Trading in the company’s shares has been suspended since 2020. The company is now on the verge of being delisted. The company and its subsidiaries and its affiliated companies have to face several lawsuits on Suspension of Debt Payment (PKPU). In March 2020, a PKPU lawsuit against NIPS was granted. The company resolved the dispute amicably towards the end of 2020, but the situation did not last long. Starting the end of 2021, creditors had been filing lawsuits, seeking to cancel the peace agreement. Recently, we learned that the leader of the companies, Jackson Tandiono, had been named suspect by the police in an unidentified criminal case. What a mess.
Esqa & people behind
A beauty brand Esqa by PT Keva Cosmetics International has raised US$6 million in a series A funding round led by Unilever Ventures with participation from East Ventures. The fresh funding, therefore, will be used for product development, hiring, marketing, and expansion purposes.
The New Chairman of HIPMI
The Indonesian Young Entrepreneurs Association (HIPMI) has a new chairman. Akbar Himawan Buchari has been elected as the new chairman of HIPMI for 2022-2025 period in the chairmanship congress held in Surakarta, Central Java. Akbar, as we’ve reported before, was supported by, among others, Bobby Nasution, the son-in-law of President Joko “Jokowi” Widodo.
Wedding of the Year
Kaesang Pangarep, the the youngest son of President Joko “Jokowi” Widodo, will tie the knot with Erina Sofia Gudono next month. The groom and the bride have yet to officially announce their wedding day, but many reports said the wedding day will be on Dec. 10, 2022....
Soeboeb Sariaatmadja passes away
Raden Muhamad Soeboeb Sariaatmadja, father of Raden Eddy Kusnadi Sariaatmadja, who is controlling owner of Emtek Group, has passed away on Thursday (Nov 10) at 98 years old.
Darmawan Kurniadi passes away
Businessman Darmawan Kurniadi, co-founder of Mayora Indah (MYOR), one of the largest food and beverages companies in Indonesia, has passed away on November 1st, 2022 at 89 years old. He leaves behind a daughter and two grandchildren.
Bakrie Group’s Revival
“I see bright face of Pak Ical now because coal price hovers above US$400 per ton,” said President Joko ‘Jokowi’ Widodo during a speech at Golkar Party’s anniversary last week, when he greeted Golkar Party’s chairman of patron board Aburizal Bakrie. Bumi Resources (BUMI), the main cash cow of Bakrie Group, has indeed regained grounds to make a market capitalization of Rp24.35 trillion.
Sohit Chairil passes away
Businessman Sohit Chairil, whose family has interest in oil palm plantation, heavy equipment, mining, logistic, and property & hospitality, has just passed away in Jakarta on Friday, October 14 at 62 years old. He leaves behind four brothers, who are involved in the businesses, and three sisters.