Muhammad Prananda Prabowo a.k.a Nanan, the son of PDIP Chairwoman Megawati Soekarnoputri and half-brother of Puan Maharani, is an interesting figure to watch. Nanan was comfortable with his role behind the screen most of the time. But in light of 2024 race, he made two important appearances in the post election events. Is he the one?

Bisnis Indonesia newspaper quoted anonymous source saying creditors have assigned AJ Capital Advisory to work on restructuring of Rp17 trillion (US$1.22 billion) loans provided by more than 20 banks to Duniatex Group. So, other than the defaulted US$300 million 8.625% Senior Notes due 2024, some state-owned financial institutions are now trying to recover their funds from the group.

bloomberg.com reported yesterday that the stunning fall of Duniatex Group’s US$300 million Bonds, four months after BNP Paribas SA and Standard Chartered Plc arranged the bond sold, has shocked bonds investors. May be they shoudln’t.

General Andika Perkasa has been leading the Indonesian Army (TNI AD), which is dubbed as the most powerful military branch in the country, for almost eight months as the Army Chief of Staff (KSAD). But so far, Andika is considered very quiet, including during the 2019 simultaneous presidential-legislative elections and the riots broke after the elections. Some started to question his competency. While others believe that he’s working in silence.

Official website of cabinet secretary (setkab.go.id) posted an article about commitment from ministry of finance to collect Rp1.76 trillion of payments from Bakrie-related entities PT Minarak Lapindo Jaya/Lapindo Brantas Inc related to the bridge financing of hot mudflow disaster in Sidoarjo, East Java.

Kawasan Industri Jababeka (KIJA) is an attractive company because of its two growth projects, which could be significantly benefited from development of toll roads. They are the Kendal Industrial Park in Kendal, Central Java, and Tanjung Lesung in Banten province. The future of Jababeka, however, depends on settlement of disputes between group of shareholders.

Shares of industrial estate developer Jababeka (KIJA) dropped further by 4.4% to Rp304 Monday (July 8), when the company issued a warning about possible default of its US$300 million Notes following a management change approved by 52.117% of shareholders two weeks ago. The management said there were parties acting in concert related to the change.

So, the respected Bandung Institute of Technology (ITB) has awarded an Honorary Doctorate degree to Theodore Permadi Rachmat (TP Rachmat), owner of Triputra, one of the largest business groups in Indonesia. The man is known partner of Boy Garibaldi Thohir, Edwin Soeryadjaya, and the late Benny Subianto in Adaro Indonesia (ADRO), the second largest coal group in Indonesia.

Businessman Jauw Tjong Kie, who brought Sharp Corporation to Indonesia through PT Yasonta, has passed away in Singapore Thursday (June 20) at 98. Born in China, October 1922, Tjong Kie leaves behind seven children and 19 grandchildren. Tjong Kie is considered pioneer of electronics industry in Indonesia with the establishment of the first assembling facility for TV in 1975.