Toyota Tsusho Corporation (TTC), the trading arm of Toyota Group, has expanded its investments in Indonesia. TTC has joined CT Corporation, a company controlled by Chairul Tanjung, as the new car terminal operator at the Patimban international port, West Java province.

It is long overdue to do a note on this group. The group made headlines recently because of its decision to sell PT Megasetia Agung Kimia, which claimed itself as leading distributor for specialty ingredients for the pharmaceutical industry, to the global leading distribution company IMCD.

Thomas Mintarja Gani, co-founder of Tansri Gani Group (TSG) and industrial estate company Kawasan Industri Jababeka (KIJA), has on Monday (Nov 22) passed away at 86 years old. He leaves behind five children and 13 grandchildren.

Businessman Hiskak Secakusuma, co-founder of Metropolitan Group, one of the largest property groups in Indonesia, has passed away on Friday, October 15 at 84 years old. The group’s flagship company is the IDX-listed PT Metropolitan Land Tbk, a company with total assets and equity of Rp6.03 trillion and Rp4.1 trillion respectively by June 30, 2021.

Zifivax, an mRNA-based Covid-19 vaccine developed by Anhui Zhifei Longcom Pharmaceutical (China), has just secured Emergency Use Authorization (EUA) from Indonesian Food and Drug Administration (BPOM). Like China Sinovac, which is locally produced by state vaccine producer Biofarma, Anhui has been working with private companies in Indonesia to produce Zifivax locally.

Investment platform Ajaib claimed itself as Indonesia’s seventh unicorn and the first investment fintech unicorn in Southeast Asia yesterday following US$153 million round of financing from China-based DST Global with participation from Alpha JWC, Ribbit Capital, Horizon Ventures, Insignia Ventures, and Softbank Ventures Asia. 

The late businessman Hadi Rahardja (passed away on Sunday, Sept 26) leaves behind four children, five grandchildren, and some controversial nickel mining assets.

Hadi Rahardja, co-founder of Kawasan Industri Jababeka (KIJA), one of pioneers of industrial estate development in the country, has just passed away on Sunday (Sept 26) at 80 years old in Jakarta.

Bank Aladin Syariah (BANK) is one of the most ‘valuable’ stock on Indonesia Stock Exchange (IDX) as it is valued 36 times its equity by June 30, 2021. Claiming itself a digital bank, Aladin currently has market capitalization of Rp41.4 trillion, nearly twice the value of Bank Tabungan Pensiunan Nasional (BTPN), which has long launched digital banking product Jenius.

Prosecutors from the Corruption Eradication Commission (KPK) mentioned the name of Mu’min Ali Gunawan, owner of Panin Group, in the court hearing of bribery case against Angin Prayitno Aji, former official at Directorate General of Taxation, Ministry of Finance. Mu’min’s name is linked to Veronika Lindawati, commissioner of some companies controlled by Panin Group, who is also a suspect in the bribery case.