According to its corporate website, Selaras Holdings (PT Selaras Inti Corpora) was established in 2009 with principal business interest in land & real estate development, hospitality, and healthcare. Selaras claims to have 10 portfolio companies and subsidiaries. Who’s behind?

Indika Energy (INDY) is among the best performing stocks with 80% gain year-to-date despite 2.7% correction on Thursday (Aug 31). The Company booked net profit of US$51.2 million in the first half against loss in the same period last year, but the stock is still among those valued below equity.

The Corruption Eradication Commission (KPK) has arrested Siti Masitha Soeparno, mayor of Tegal in Central Java province, from a sting operation. This is another blow to Golkar Party following some party leaders recently named suspects in the mega-scandal e-KTP project. Who is Sitha Soeparno?

Shares of Pollux Properties Ltd were traded at S$0.062 on SGX Monday to make a market capitalization of S$39 million only. Pollux, however, is a company to watch. On July 28, 2017, controlling shareholders, the family of Nico Purnomo Po, ‘injected’ PAI Properties into Pollux through the acquisition of Pollux Alpha Investments Ltd from Pollux Holdings Pte Ltd.

Last Month, PT Danau Winata Indah (DWI), a developer company that develop Avani Condotel in Nusa Dua, Bali entered the period of Suspension of Debt Payment (PKPU). Two creditors namely Adhi Nugraha and Agus Priadi Lumbatoruan filed lawsuit against DWI to the Central Jakarta District Court, registered under the case No.92/Pdt.Sus-PKPU/PN.Jkt.Pst/2017. Both claim that BWI has debts worth Rp1.6 billion and Rp1.7 billion for the purchase of Avani Condotel units.

Desy Sulistio Hidayat (Siem Giok Hwa), considered key person behind transformation of Sido Muncul (SIDO) from a small-scale producer of traditional herbal drinks (jamu) into Indonesia’s market leader for herbal products, has passed away Thursday. She leaves behind five children and 13 grandchildren, who are mostly working in Sido Muncul.

Pretty much as predicted, state-owned power utility company PT Perusahaan Listrik Negara (PLN) has through its subsidiary PT Indonesia Power entered into partnership with one consortium previously competed in the controversial tender for the development of 2×1,000 MW coal-fired power plant in Cilegon, Banten province, otherwise known Jawa-5 project.

A plan to build new legislative building continues to spark controversies. Leaders of the House of Representatives (DPR) insist that President Joko ‘Jokowi’ Widodo has approved the Rp1.6 trillion project, but some political parties recently changed their minds, calling the project not urgent this time around.