Revisiting Apexindo & Aserra Capital
Oil and gas services company PT Apexindo Pratama Duta (APEX) Tbk booked net profit of US$49 million last year, jumped by 113% from 2012 on strong revenue growth of 24.3% and improved margins. The company’s balance sheet also improved, which might trigger speculation about next move from the current controlling shareholders.
The New Jakarta Police Chief: Insp. Gen. Dwi Priyatno
The chief of the Indonesian National Police, Sutarman, appointed inspector general Dwi Priyatno as the new chief of the Jakarta Metro Police. Dwi Priyatno replaces Putut Eko Bayuseno, who was appointed as the new head of the National Police Security Maintenance Division (Baharkam).
Borneo Resource & Batubaraselaras Sapta Dispute
Borneo Resource Investments Ltd is a company traded on the US over-the-counter market. In its website, the company claimed itself an investment holding company with interests in coal assets in Kalimantan and West Papua. Funny that it describes the following: Kalimantan Province is situated in the island of Sumatra…The most interesting project targeted by Borneo Resource is 75% interest in PT Batubaraselaras Sapta, which controls 93,000 hectares of concession in Paser Regency, East Kalimantan province.
Korean Restaurant: Born Ga Korean BBQ Franchise
BornGa is the largest korean barbecue restaurant franchise in the world. The first BornGa restaurant opened in 1993 in Seoul, South Korea. The founder Jong Won Paik is a South Korean celebrity chef, who has been developing more than 20 food and beverage franchise brands in his career. Chef Paik has been able to open more than 33 BornGa outlets in South Korean and more than 10 outlets in other countries including China, Malaysia, Indonesia and Singapore.
Advertising Industry: PT International Matari Advertising
Matari Advertising Agency (PT International Matari Advertising) is one of the oldest Indonesian marketing communication services company in Indonesia. Established by the late Kenneth Tjahjady Sudarto in 1971, Matari Advertising Agency offers services such as strategic planning, brand activation and digital media.
Reading Megawati
Media attention on Joko “Jokowi” Widodo has only intensified ever since the Indonesian Democratic Party of Struggle (PDI-P) declared him as its presidential nominee. The aim now is to solicit the names of Jokowi’s potential running-mate from the man of the hour himself. The only problem with that approach is that Jokowi won’t be the person calling the shots. The chairwoman of PDI-P Megawati Soekarnoputri will be the one to decide on who shall be Jokowi’s pair. So the question should be, how will Megawati decide? What’s on her mind?
Advertising Agency: PT Fortune Indonesia Tbk
PT Fortune Indonesia Tbk (FORU) is one of the most well-known marketing and communication services companies in Indonesia. The company was established by Mochtar Lubis and six other people in 1970. FORU provides advertising services, public relation services, travel marketing and multimedia services.
Harry Tanoe vs Tutut: Politics
Siti Hardiyanti Rukmana (Tutut), daughter of the late president Soeharto, continues her fight to get back TV station TPI from Harry Tanoesoedibjo’s Media Nusantara Citra (MNCN). This is an interesting battle in the context of current politics and future of both among Indonesian leaders.
Labor Movement Post Mineral Export Ban
A number of companies have laid off their workers following the implementation of the mineral export ban policy. The Government has been reluctant to admit this. The Director General for Mineral and Coal, R. Sukhyar, played the semantics card with Yosef Ardi News. R. Sukhyar admitted of receiving reports about layoffs in West Kalimantan and Sulawesi, but the Director General insisted that they’re not classified as mass layoffs. What’s the state of this affair today?
Jakarta Journal: Between Excited Jokowi & Frustrated Ahok
Various media outlets have published reports critical of President Susilo Bambang Yudhoyono’s leave of absence. The President decided to take a few days off to campaign and that’s apparently a big no-no. But when Governor of Jakarta Joko “Jokowi” Widodo also took a day off to visit the final resting place of the late President Soekarno in East Java, the media didn’t seem to be as punishing as they were with the President. Meanwhile, in Jokowi’s absence, Vice Governor Basuki “Ahok” Tjahaja Purnama appears seemingly estranged from and frustrated with the performance of his staff. What’s going on, Jakarta?