Presidential Hopefuls and their Plan B

There are a lot of ambitious figures vying for the Indonesian Presidency. Some of them may have even spent a massive sum of money to campaign for themselves. But only one one them can win the race. So the question is, for those who lose the race, do they have a plan B?

Understanding Jokowi’s Leadership through the Transjakarta Procurement Project

The media has intensified its coverage on the irregularities surrounding projects under the Jakarta administration, one of which is the procurement of defective, new fleet of Transjakarta (and its feeder) buses (hereinafter shall be referred to as the TJ project). Lately the focus has been on a particular person who is supposedly close to Governor Joko “Jokowi” Widodo.

Bosowa Group & Its Aggressive Expansion (III)

Aggressive expansion financed with loans has forced Chairul Tanjung to seek refinancing facilities in the past few months. Other than acquiring retailer Carrefour Indonesia, Chairul decided to invest heavily in flag carrier Garuda Indonesia (GIAA). Some still don’t understand why he entered airline business in the first place. How about Bosowa Group?

Growing Interests in Manufacturing (5): Salim Group & Steel Industry

Iron, steel, and steel products are key items imported by Indonesia. Last year, total import value of these products reached US$15 billion. Other than global steel players like POSCO, Nippon Steel, and Essar Steel, it is interesting to watch expansion of Salim Group in the business. We have repeatedly reported about the group’s investments in iron ore and iron sands. How about iron and steel making?

Victor Hartono, Djarum & Salim Group

Djarum Group’s owners, Robert Budi Hartono and Michael Bambang Hartono, dominiate Indonesia’s rich list (Forbes magazine’s version) in the past few years, thanks to their holdings in Bank Central Asia (BBCA). Acquired from Salim Group through Indonesia Bank Restructuring Agency (IBRA) in early 2001 for US$675 million, BCA now has market capitalization of US$23 billion.

PT Jakarta Propertindo

Governor Joko “Jokowi” Widodo and Vice Governor Basuki “Ahok” Tjahaja Purnama both have a big vision for Jakarta. To achieve their vision, the Jakarta administration must focus on infrastructure development. The pair knows that relying on the speed of bureaucracy will not get the much needed city infrastructure built on time. As such, they rely on the help of one of the city’s region-owned enterprise (BUMD) to speed things up. Today, we’ll talk about PT Jakarta Propertindo.

Social Entrepreneurship: Indonesia Medika

Indonesia Medika (InMed) is a very young enterprise. The healthcare company was founded by Gamal Albinsaid, a medical student from Brawijaya University, Malang, East Java in 2010. But the company itself had only begun its operation in September 2013. InMed is best known for its award-winning Garbage Clinical Insurance program. We spoke to Gamal Albinsaid, the CEO of InMed, to give you a glimpse of his vision.

New Constitutional Court Justices: Aswanto

In addition to confirming Wahiduddin Adams as the new justice of the Constitutional Court, the House of Representatives (DPR) also confirmed Aswanto. Both Wahiduddin and Aswanto will replace disgraced former chief justice Akil Mochtar and justice Harjono. Herein is the profile of soon-to-be-appointed justice Aswanto.

New Constitutional Court Justices: Wahiduddin Adams

The House of Representatives (DPR) has confirmed Wahiduddin Adams and Aswanto as new Justices of the Constitutional Court. So, who are they? We’ve mentioned the background of both men briefly in our previous article on the list of justice candidates. In this occassion we’ll focus on providing you with a little more detail on the two confirmed justice candidates. Herein is a profile of Wahiduddin Adams.

Nursalim Family & Political Changes

The family of Sjamsul Nursalim controls some of Indonesian major companies including Gajah Tunggal (tire), Polychem Indonesia (petrochemicals), Mitra Adiperkasa (retail), KMI Wire (cable), and Equity Development (finance). The family, which controls Tuan Sing Holdings—a big property developer in Singapore, also owns some properties in Jakarta, Bali, and other areas in the country. What a political change means to the family’s business in Indonesia?

error: Content is protected !!