Kuta, Nusa Dua, Jimbaran, Uluwatu, Sanur, Petitenget, Ubud, and Tanah Lot are famous tourist destination located in southern part of Bali Island. Menjangan, Pemuteran, and Lovina beach in northern part of the resort island, are also famous worldwide, but difficult access resulted in big gap with south part of the island.

Bank Mayapada (MAYA), co-owned by Dr Tahir (owner of Mayapada Group) and Taiwanese company Cathay Life Insurance Co Ltd, is the fastest growing bank in the country. In the first six months of this year, the bank’s total assets expanded by 16.6% to Rp70.9 trillion. This, however, forced shareholders to inject more to grow the equity because capital adequacy ratio (CAR) declined significantly.

Telkom (TLKM), the state-owned ICT company, which is now the largest company on Indonesia Stock Exchange (IDX) by market capitalization, booked net profit of Rp12.1 trillion in the first half of 2017, an increase of 21.9% from the corresponding period 2016. While sales revenue grew higher in the second quarter, profit margins were substantially smaller. In fact, Telkom’s net profit in the second quarter inched up 1.4% only year-on-year.

Beer and beverage producer PT Multi Bintang Indonesia Tbk (MLBI) booked net profit of Rp645.7 billion in the first half of 2017, jumped by 45% from the corresponding period last year, but its sales revenue actually slipped 1.9% to Rp1.5 trillion. Cost of sales, general & administrative expenses, and financial cost were all lower than first half of 2016, but other income of Rp217.5 billion contributed to significant increase in net profit.

Napan (Nawa Panduta) Group was among major business groups during Soeharto years. The group is owned by Pribadi brothers (Henry, Andry, and Wilson). Financial reports of Argha Karya Prima Industry (AKPI), one of the largest plastic film producers in the country, however, pointed to only Andry and Wilson as shareholders of PT Nawa Panduta, owner of 15.06% shares in AKPI.

Heru Budi Hartono has been appointed new head of presidential secretariat replacing Dharmansyah Djumala, who has been appointed Indonesian Ambassador to Austra in Vienna. Heru, former head of Financial and Asset Management Board of Jakarta provincial administration, was once named vice governor candidate by then governor Basuki Tjahaja Purnama (Ahok).

Ivy Santoso has been appointed CEO and director of Acuatico Pte Ltd, a principal subsidiary of Moya Holdings Asia Limited. Moya Holdings is a company controlled by Antoni Salim (Salim Group) engaged in water infrastructure business with main operation in Indonesia.

Has the collapse of 7-Eleven affected Modern Group’s other businesses, including Moderland Development (MDLN)? Modernland is one of the largest property developers in the country with total assets of Rp14.4 trillion by March 31, 2017.