Tourism Industry: Banyuwangi Marina Project
SUTL Enterprise Limited, a leading integrated marina developer, operator, and consultant and owner of the ONE°15 brand, has signed a Memorandum of Understanding to provide integrated marina consultancy services to PT Pelindo Properti Indonesia (PT PPI) on a marina project in Boom Banyuwangi in East Java, Indonesia, which is currently under construction.
Salim Group Strengthen Grips in Indonesian Water Business
Few months ago, we speculated on possible future action from Anthoni Salim in water business, especially in Indonesia. On Thursday (June 8), Moya Holdings Asia Ltd, indirectly controlled by Anthoni, executed and completed a share purchase agreement for Acuatico Pte Ltd. Moya Holdings acquired Acuatico from Avenue Luxembourg S.A.R.L. and Hagerty Investments Ltd.
Wimboh Santoso, New Chief of OJK
Wimboh Santoso has finally been elected new chief commissioner of the powerful Financial Services Authority (OJK) for the period of 2017-2022 to replace Muliaman Hadad. Wimboh was elected by 50 lawmakers in the House Commission XI, while Sigit Pramono got only four votes. Who is Wimboh?
Anthoni Salim Bags US$164.4 Million from Selling Land to Indofood
PT Aston Inti Makmur (AIM), a subsidiary of Indofood Group, has on Wednesday (June 7) entered into two conditional sale and purchase agreements with Anthoni Salim and PT Adithya Suramitra (ADS), which is also controlled 100% by Anthoni, regarding six plots of land for an aggregate cash consideration of Rp2.19 trillion or US$164.4 million.
Emirsyah Satar: The Lady & Ferrari
On June 3rd, 2016, Emirsyah Satar, former CEO of flag carrier Garuda Indonesia, attended the launching of Range Rover LWB 3.0 & Range Rover Evoque at Lamoda cafe, Plaza Indonesia. He was there as owner of Range Rover and chairman of Range Rover Club Indonesia. Six months later, the Corruption Eradication Commission (KPK) gave him New Year 2017 present as bribery suspect.
Tito’s Maneuvre
The Chief of the National Police (POLRI) General Tito Karnavian has been busy. He hasn’t only been occupied with maintaining security, but also with managing POLRI’s internal matters. Recently Tito put into motion a big job rotation affecting 109 middle and high-ranking Police officer, including the appointment of Insp. Gen. Rycko Amelza Dahniel as the new governor of the the Police Academy (Akpol) to replace Insp. Gen. Anas Yusuf. Some see this as Tito’s consolidation of influence.
Rumor from the Directorate General of Oil & Gas
There’s a rumor that the Director General for Oil & Gas I Gusti Nyoman (IGN) Wiratmaja Puja is going to be replaced. Words have it that the Minister of Energy and Mineral Resources (ESDM) Ignasius Jonan is going to make some changes after the Eid festivities.
Waiting for Improvements at State Plantations
PT Perkebunan Nusantara III, parent of state plantation companies, is one of the largest companies in Indonesia with total workforce of almost 140,000 people in late 2015. The holding entity controls 1.18 million hectares of plantation concession, of which 817,536 hectares have been planted with oil palm, rubber, tea, cane, coffee, cocoa, tobacco, and other food crops.
Central Omega Resources: Nickel Smelter & Export
Nickel retreated further to US$8793 per ton, reflecting only 5.83% gain year-on-year due to perception of higher supply, especially from new nickel pig iron (NPI) smelters in Indonesia and resumption of low-grade nickel ore export. What about Central Omega Resources (DKFT), one of companies development nickel smelters in the country?
Revisiting Johan Lensa’s J Resources
Shares of PT J Resources Asia (PSAB) Tbk ended lower by almost 2% Wednesday (May 31) as investors responded negatively the Company’s performance in the quarter ended March 31, 2017, where the gold producer reported net profit of US$1.5 million, crashed by 78% from the corresponding period of 2016.