Impending Changes in SOE Leadership: PLN
Apart from the impending changes in the leadership of the 2014-2019 House of Representatives (DPR) and the ministries, the changes of leadership in the State-Owned Enterprises (SOEs) are also interesting to watch. As you may know, massive state-owned companies such as Pertamina, PGN, Garuda Indonesia, BRI, will have new leaders. In this article, we’ll talk about the leadership change in PT Perusahaan Listrik Negara (PLN).
Waiting for More Actions at Nursalim Planet (II)
Nursalim Family, through Tuan Sing Holdings Ltd, a company listed on the stock exchange of Singapore (SGX), is known property developer in Singapore and China. On Tuesday, September 2nd, Tuan Sing launched an acquisition of A$126.04 million in Australia. How about Indonesia?
Sapta Nirwandar, the Vice Minister of Tourism and Creative Economy
In March 2014, tempo.co reported that Indonesia’s tourism and creative economy industry was been able to contribute foreign exchange (devisa) of up to 10 billion USD in 2013, this figure is 10.99 percent higher than the 9.87 billion USD of previous year. Indeed, Indonesia has a lot of tourism and creative economy potential. And so it is crucial for President-elect Joko “Jokowi” Widodo to choose a Minister for tourism and creative economy that would be able to do his/her job well. One of the names of likely candidates for the position of Minister of Tourism and Creative is the name of the current Vice Minister of Tourism and Creative Economy, Mr. Sapta Nirwandar.
Sintong Panjaitan & the Bintang Delapan Group (Part II)
On Mar. 18, 2014, the Minister of Industry M.S. Hidayat—a politician of the Golkar Party —met with the entourage of PT Sulawesi Mining Investment—a Joint Venture (JV) company between Bintang Delapan Group and Dingxin Group, a member of Tsingshan Group of Companies (China)—led by Sintong Panjaitan at the Minister’s office. Also present in the meeting was Huang Weifeng, the company’s shareholder from China.
Sintong Panjaitan & the Bintang Delapan Group (Part I)
Lt. Gen. (ret) Sintong Panjaitan is one of the retired generals in the inner circle of President-elect Joko “Jokowi” Widodo. Sintong is an interesting figure to look into because he’s more than just a widely-respected military general; he too is a very well-connected figure in the business world. The company Sintong is known for is the Bintang Delapan Group, wherein he serves as its President Commissioner. So, let’s learn more about Sintong and the Bintang Delapan Group.
Modern Group: Property, Retail & Minerals
Acquisition of Jakarta Garden City from Keppel Land (Singapore) has lifted the profile of Modern Group in property sector. Modernland Realty (MDLN) booked sales revenue of Rp1.79 trillion in the first half of 2014, jumped by 72% from the same period of 2013. Higher financial charges, however, cut its net profit by 6.2%. How about the group’s retail and mining business?
Jokowi’s Inner Circle: Sintong Panjaitan Part II
As one of the retired generals in the inner circle of President-elect Joko “Jokowi” Widodo, Sintong Panjaitan is interesting not only because of his military background but also because of his extensive connection in politics and business in the country. We’ve talked about Sintong’s military background. So now let’s go beyond that.
SBY’s Precious Last Gift to Tommy Winata
President Susilo Bambang Yudhoyono will soon leave office. Today, the Constitutional Court is scheduled to announce a ruling on July 9 election disputed by Prabowo-Hatta. Whatever the Court’s ruling will be, Tommy Winata could still proceed with his ambitious resort project in Benoa, Bali Island, thanks to SBY’s generosity.
Speculations Surrounding Karen Agustiawan’s Resignation Part II
Pertamina’s Vice President for Corporate Communications Ali Mundakir told journalists some time ago that Karen Agustiawan tendered her resignation due to personal reasons and because she wanted regeneration for her position. But words on the street has it that there’s more to Karen’s resignation, and that Karen’s reason for resigning may be connected with PLN CEO’s Nur Pamudji’s resignation.
Speculations Surrounding Karen Agustiawan’s Resignation
Speculations continue on a surprise move from Karen Agustiawan to resign as CEO of state-owned oil and gas company Pertamina. Karen herself informed Pertamina workers and shareholders that she resigns for personal reasons.