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.

Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia (BLBI), a task force under Minister of Finance Sri Mulyani Indrawati’s supervision to recover funds from some businessmen related to 1997-1998 financial crisis, has stepped up pressures. The task force, established by President Joko Widodo through President Decree No. 6/2021, seeks to recover Rp904.48 billion from Suyanto Gondokusumo (former owner of Bank Dharmala).

Shares of Allo Bank (BBHI), which just secured approval from the Financial Services Authority (OJK) to become a digital bank, soared to as high as Rp4,390 to make a market capitalization of Rp51.3 trillion yesterday before settled at Rp3,720. At the same time, shares of Bank Mega (MEGA), also controlled by businessman Chairul Tanjung, surged by 7.53% to close at Rp7,850 (market cap of Rp54.1 trillion).

The family of Kaharuddin Ongko is required to make a Rp8.18 trillion payment related to the liquidity funds provided to Bank Umum Nasional (BUN), which was collapsed in 1997-1998 Asian financial crisis. The question, of course, whether the State can recover the funds in full as promised in the MRNIA signed by Kaharuddin Ongko?

Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia (BLBI), a task force under Minister of Finance Sri Mulyani Indrawati’s supervision to recover funds from some businessmen related to 1997-1998 financial crisis, has stepped up pressures. The task force, established by President Joko Widodo through President Decree No. 6/2021, seeks to recover Rp4.89 trillion from Trijono Gondokusumo, former shareholder of PT Bank Putra Surya Perkasa (PSP), and Rp822 billion from Suyanto Gondokusumo (former owner of Bank Dharmala).