Pelindo III: FY16 Results & Outlook
State-owned port management company PT Pelindo III, which manages, among others, Tanjung Perak & Teluk Lamong (Surabaya), Tanjung Emas (Semarang), Benoa port (Bali), Kota Baru port (South Kalimantan), and Lembar port (NTB) has just released its full year 2016 financials. The company booked net profit attributable to equity of Rp1.5 trilion last year, jumped by 30.1% from 2015. The company recorded revenue growth of 16.8% to Rp7.58 trilion, thanks to stronger growth in the fourth quarter.
OK OCE Mart and GNPF-MUI?
One Kecamatan One Center for Entrepreneurship (OK OCE) is a program that gubernatorial candidate Anies Baswedan and his running mate Sandiaga Uno (Anies–Sandi) intend to implement if elected. This is a program for the empowerment of Small-Medium Enterprises. A part of the program is the opportunity to create OK OCE Mart, which will not only function as typical minimart, but also a place to market products produced by participants of OK OCE. But let’s not go into the rationale or the design of this idea, instead let’s focus on who’s who.
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).