The New KPU Chairman Arief Budiman
Arief Budiman has been chosen as the new chairman of the General Election Commission (KPU) for the 2017-2022 term of service. Arief was elected by way of consensus.
Pahala Mansury New CEO of Garuda
The government as majority shareholder has on Wednesday (April 12) appointed Pahala N Mansuri as new president director of flag carrier Garuda Indonesia (GIAA) replacing Arif Wibowo. Pahala was long-time director of state bank Mandiri (BMRI).
Hary Tanoe’s MNCN: Financials & Politics
Shares of Media Nusantara Citra (MNCN), controlled by businessman and politician Hary Tanoesoedibjo, ended flat at Rp1,900 Wednesday (Apr 12). At this price, MNCN has market value of Rp27 trillion, way below Surya Citra Media (SCMA), which is valued Rp42.4 trillion despite the fact that MNCN generated significantly bigger revenues than SCMA.
Revisiting Tunas Baru Lampung
Tunas Baru Lampung (TBLA), producer of palm oil & derivatives and sugar, is among best performers last year with net profit of Rp615 billion, jumped 212% from 2015. The Company’s sales revenues grew 22.2% with even stronger (52.8%) growth in the fourth quarter. At the current price, TBLA is traded with PE multiple 10.3 on 2016 earnings.
New MK Justice Saldi Isra
As predicted, Pesident Joko “Jokowi” Widodo finally named Saldi Isra the new justice of the Constitutional Court (MK). Saldi, a law expert from the Andalas University, will be sworn in tomorrow (Apr. 11). Saldi will replace the disgraced Patrialis Akbar, who is now entangled in graft. Can Saldi repair MK’s credibility? Can he maintain independence?
The New KPU & Bawaslu Line-Up
The House of Representatives (DPR) Commission II has elected the 7 commissioners of the General Election Commission (KPU) and the 5 commissioners of the Election Supervisory Body (Bawaslu), who will lead the KPU and the Bawaslu respectively for the period of 2017-2022.
The New DPD Speaker Oesman Sapta Odang
Oesman Sapta Odang may be having the time of his life. Only a few months ago, he was crowned the new chairman of Hanura Party. And now, Oesman is the new speaker of the Regional Representatives Council (DPD).
Job Rotations in the Military: Territorial Commanders
The Indonesian Military (TNI) has announced the rotation of middle and high ranking officers. Precisely 47 officers from the three military branches (Army, Navy & Air Force) were affected, and 4 of them are commanders of regional military commands (Kodams).
Eka Tjipta Widjaja’s Family
The family of Eka Tjipta Widjaja, tsar of Sinarmas Group, has released a family tree this morning as part of obituary of Trinidewi Lasuki, Eka’s wife, who passed away on Monday (Feb 6). Trinidewi leaves behind eight children and 26 grandchildren.
Sukandamulia Group
Sukandamulia Group is one of major property groups in Indonesia. The group owns Holiday Inn Hotel in Kemayoran, Jakarta and Ibis Style in Kuta, Bali Island. One of its family members, Mr Albert Cahyadi Sukandadinata, has just passed away on Sunday, February 5.