Kompas newspaper published a half-page congratulation advertisement for the wedding of Budi D. Dawis, son of businessmann Didi Dawis, a long-time chairman of QAF Limited (controlled by Salim Group), and Janet Prasetio, daughter of Hendry Halim and Diana Prasetio, Monday (Oct 9).

PT Bumi Hasta Mukti is said buyer of Chevron’s 25% interest in South Natuna Sea Block B, one of the largest oil and gas producing blocks in the country. The acquisition consideration has not been revealed, but given the previous valuation of the block, we might talk about over US$100 million of deal.

Kim Johanes Mulia, the former owner of the troubled Kartika Airlines, has been alleged of fraud. Kim Johanes Mulia is no stranger to controversy. He was mentioned in various criminal cases including the Bank Bali case.

Anthoni Salim, CEO of Salim Group, one of the largest business groups in Indonesia, confirmed earlier about his intention to grow financial technology (fintech) services business with significant investment. Anthoni provided no further detail, but the group’s quest to become key player in fintech can be seen in investments in financial and technology ventures.

Two weeks ago we speculated about possible consolidation of Finders Resources Ltd, owner of Wetar copper project in Maluku province, into IDX-listed PT Merdeka Copper Gold Tbk (MDKA). Today, Finders informed Australia Stock Exchange (ASX) that a consortium, where MDKA is a member, has offered an off-market takeover for all of the shares in Finders.

Tan Siong Kie, founder of Rodamas Group (the Group), passed away at 101 years old on Tuesday, October 3rd, 2017. He is father of businessman Mucki Tan Pei Ling, one of the richest men in Indonesia. Rodamas is one of the largest business groups in the country with interest in consumer goods, manufacturing, trading, pharmaceutical, properties, and financial industry.

Shares of Indika Energy (INDY) ended lower by 1.06% Tuesday. The stock has dropped 13.5% from its peak as some investors realized gains (164% year-to-date). Any more upsides from acquisition of additional shares in Kideco Jaya Agung, third largest coal producer in Indonesia, which is expected to complete before Christmas?

Shares of Medco Energi (MEDC), which has interest in oil & gas, gold & copper, coal, and power generation, ended higher by 2.56% to Rp800 Monday (Oct 2nd) as some investors responded positively the company’s financial results for the period ended June 30, 2017. At this price, MEDC has market value of Rp10.45 trillion or 0.8 x equity as at June 30, 2017.

Albertus Peter Batubara, senior politician of PDI Perjuangan, main supporter of President Joko ‘Jokowi’ Widodo has on Friday, Sept 29, passed away in Jakarta. AP Batubara, father of Juliari P Batubara, is long-time head of PDI Perjuangan’s advisory board.