She was appointed acting chief executive officer (CEO) of the giant state electricity company PT Perusahaan Listrik Negara (PLN) last Friday. People were busy in the social media talking about her background and relationships with state-owned enterprise minister Rini Soemarno when a blackout, the worst in 17 years, hit most areas in the Greater Jakarta, Banten, and West Java occurred Sunday.

Marzuki Tanmizi, founder of the group owning PT Intanwijaya Internasional (INCI) Tbk, has passed away on July 30, 2019 in Tan Tock Seng, Singapore. Marzuki a.k.a Tan Han Pang leaves behind three sons and six daughters.

Visi Media Asia (VIVA), parent of TVOne and ANTV, booked net loss of Rp233 billion in the first half of 2019, expanded by 14.4% from the same period last year. Unlike Media Nusantara Citra (MNCN) and Surya Citra Media (SCMA), which posted 15.2% and 6.9% growth respectively, VIVA’s sales revenues fell 18.5% to Rp1.12 trillion.

As reported earlier, Kusnadi Rahardja has filed a tort lawsuit against PT Sushi-Tei Indonesia. Kusnadi, meanwhile, is the founder of Boga Group, which opened more than 150 restaurant outlets. Boga Group is among fast growing players in the F&B market through its famous brand Bakerzin, catering industry, and some other brands.

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.