Raden Ayu Suhardani Arifin, wife of the late Lt General (ret) Bustanil Arifin, has just passed away. The late Bustanil was among the richest lieutenants of then president Soeharto, who ruled the archipelago for more than three decades. The late Bustanil-Suhardani pair leaves behind four children and lots of assets, mainly in food business and properties.

Alex Chandraatmadja, founder and chairman of Balihai Brewing Company, has passed away on February 14, 2002 at 76 years old. He leaves behind a wife (Thian Soek Joen), four children, and ten grandchildren.

Kuaci sunflower seed snack is quite popular in Indonesia. Some companies managed to modernize the snack and exporting it. One of them is Adna Group. Adna Group controls PT Gumindo Bogamanis, which produces the popular Kuaci Rebo brand from its factory in Cikande,...

Pharmaceutical businessman Tjipto Puspusuharto (Ong Tiong Lie) has on Tuesday, February 8th, passed away in Jakarta at 90 years old. He leaves behind three children, seven grandchildren, and some strategic assets.

Firmansjah Aluwi (Liauw Fie Tjong), father of businessman Hartawan Aluwi, has passed away in Jakarta at 94 years old on Friday, February 4th. He leaves behind three children and five grandchildren, including Kevin Bryan Aluwi, co-founder and chief financial officer (CFO) of GoJek.

Indonesia and Singapore have agreed to cooperate in the development of renewable energy projects in the country. Two groups are widely mentioned in this context. First, a group of PT Trisurya Mitra Bersama (Suryagen)-PLN Batam-SembCorp Industries. The second is a partnership between Medco Power (MEDP), Gallant Venture Ltd (Salim Group), and PacificLight Energy.

Bayan Resources (BYAN) is the only IDX-listed coal company informing shareholders about declaration of force majeure related to the government’s temporary export ban. Yet BYAN shares gained 2.26% to Rp32,875 on Wednesday to make market capitalization of Rp110 trillion, way above Adaro Energy (Rp71 trillion), which is the second largest coal group in Indonesia in terms of output.

PT Trimuda Nuansa Citra Tbk (TNCA), a company majority owned by Akulaku Silvrr Indonesia involved in logistic and transportation services, informed shareholders about its plan to acquire insurance company Staco Mandiri from some foundations liked to the State banks. Akulaku’s name boosted TNCA’s shares price by ten times in the past 12 months or so.

Indonesian agritech start-up eFishery (PT Multidaya Teknologi Nusantara) has just secured US$90 million Series C Funding from Temasek, Softbank, Sequoia Capital, Northstar Group, Go-Ventures, Aqua-Spark and Wavemaker Partners. Gibran Huzaifah, co-founder and CEO of eFishery, said the funds will be used to improve the plaform and services, making it the largest digital cooperative for fish and shrimp farmers.