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.

PT Bumi Resources Tbk (BUMI), a coal company controlled by Bakrie Family, informed stock market authorities on Tuesday (Jan 11) that one Bambang Sihono has purchased additional 47 million shares, lifting his ownership to 4.9 billion or around 6.6% of BUMI’s total issued and paid-up shares capital. Who is Sihono?

Pluang, an investment app, has secured US$55 million Series B funding led by Accel, an American venture capital firm. That means Pluang (PT Bumi Santosa Cemerlang), which competes Ajaib, Bibit, and Bareksa, in the mutual fund platform, secured US$110 million funding in 2021.

Tidjan Ananto, minority shareholder of PT Panin Investment, ultimate parent of Bank Panin (PNBN), one of the largest banks in Indonesia, passed away late last month in Jakarta at 82 years old. PT Panin Investment is also ultimate parent of PT Verena Multi Finance, one of the largest consumer financing companies in the country.