Bank Muamalat & Ma’ruf Amin
Last month, we reported that Bank Muamalat, the pioneer of sharia banking in Indonesia, is to be helped by Lynx Asia, who will act as special purpose vehicle (SPV) on conducting asset swap for Bank Muamalat.
Ari Askhara Confirmed New CEO of Garuda
Shareholders of flag carrier Garuda Indonesia (GIAA) have confirmed our earlier report about I Gusti Ngurah Askhara Dana (Ari Askhara) as new CEO on Wednesday (Sept 12). Askhara replaces Pahala N Mansury, who will likely become chief financial officer of one of the largest state companies.
Gigih Prakoso: New CEO of PGAS
Gigih Prakoso Soewarto has been appointed new CEO of Perusahaan Gas Negara (PGAS) to replace Jobi Triananda Hasjim. Gigih, who was previously director of state oil and gas company Pertamina, is tasked to accelerate consolidation of Pertamina-PGAS, which weighed recovery of PGAS stock in the past few months.
Anggodo Widjojo Passes Away
Businessman Anggodo Widjojo (Ang Tjo Lie), who was sentenced 10 years prison for bribery and obstruction of justice related to project at ministry of forestry when the ministry was led by MS Kaban, former president of Islamic party PBB, has reportedly passed away in Surabaya, East Java on Friday, Sept 9.
Erick Thohir
President Joko ‘Jokowi’ Widodo has finally announced businessman Erick Thohir as leader of his campaign team. Considered successful in organizing Asian Games 2018, Thohir could be a smart decision from the incumbent for his reelection next year. Jokowi also managed to have VP Jusuf Kalla as leader of the Steering Council of the campaign team.
Victor Laiskodat & Jokowi’s Go East
Victor Laiskodat has been sworn into office of East Nusa Tenggara governor by President Joko ‘Jokowi’ Widodo on Wednesday (Sept 5). Laiskodat, a politician from NasDem Party, will lead the province known for its huge tourism industry potentials. After the ceremony, the politician said he would review all mining activities in the province to focus on the development of tourism industry.
Huawei in Indonesia
China’s technology giant Huawei is among major foreign companies with significant sales revenues in Indonesia. PT Huawei Tech Investment, one of the subsidiaries, is now even the largest shareholder of Bakrie Telecom (BTEL), the troubled telco company of Bakrie Group.
People on the Move
There might be some interesting movements of people in major state companies in the coming days, including flag carrier Garuda Indonesia (GIAA), state port management company Pelindo III, and two major energy companies Pertamina and Perusahaan Listrik Negara (PLN).
Pressure All Over Lippo
Lippo Karawaci (LPKR) and Lippo Cikarang (LPCK) yet to release their first half financials results, but investors continue to speculate on financials of the whole group. Companies like Matahari Putra Prima (MPPA), Siloam Hospital (SILO), LinkNet (LINK), First Media (KLBV), Nobu National Bank (NOBU), Multipolar Technology (MLPT) have released their respective financial statements with mixed results.
People on the Move
As predicted, President Joko “Jokowi” Widodo removed Agus Gumiwang Kartasasmita—who has just been appointed as the new Minister of Social Affairs—from his national campaign team. Agus can thus focus on his new job in the cabinet. His replacement is businessman Jusuf Hamka.