Growing Interests in Manufacturing Sector (4): PBRX
Textile used to be Indonesia’s largest earner of hard currency. Higher labor costs and competition from China, Vietnam, Sri Lanka, etc, however, forced some Indonesian producers to give up export market. Some companies listed on Indonesia Stock Exchange (IDX) have even changed their business to palm oil or mining. Pan Brothers (PBRX) is one of few players staying in the business.
What Would Ahok Do?
Vice Governor Basuki “Ahok” Tjahaja Purnama is perhaps the second most popular man in Indonesian politics today after Joko “Jokowi” Widodo. His no-nonsense style of leadership has been criticized as much as it has been praised. With Jokowi’s possible ascent to the most powerful office in the country, people are beginning to wonder where Ahok fits in the picture.
Imagining Prabowo’s Cabinet: Possible Names
Gerindra Party has openly criticized PDI-P for revealing names of potential cabinet members. But the truth is that on Aug. 19, 2013, Gerindra had come out saying that they had already drafted their own cabinet members in anticipation of a Prabowo win. Unfortunately we don’t have the list. We can, however, attempt at deducing who may have made it in.
Imagining Prabowo’s Cabinet: Influencing Factors
The war is not over, perhaps that’s was what the patron leader of Gerindra Party, Prabowo Subianto, had in his mind when he decided to run for the presidency. This is the retired army general’s third attempt. He’s going in with all he’s got and he has a chance at winning. So the big question now is who would he pick as his team mates? To answer that question, let’s first lay out Prabowo’s idea of governance, and map out his influencers.
Deputy Chief Badrodin Haiti
The chief of the national police Sutarman has appointed commissioner general Badrodin Haiti as the new deputy chief to replace Oegroseno, who retired in Feb. 2014. Badrodin was picked out of other three-star police generals including Comr. Gen. Budi Gunawan, the chief of Police Education Institution, and Comr. Gen. Anton Bachrul Alam, the General Supervision Inspector.
Rich List Without Salim, Widjaja, & Wonowidjojo?
Forbes has came out with its routine Rich List for 2014. If you click Indonesia in the list, you will get 19 Indonesians in the list of 1645 billionaires. Strange that Anthoni Salim, Widjaja Family (SInarmas), and Wonowidjojo (Gudang Garam) are not in the list at all. Can we say that Chairul Tanjung (CT Corp) is richer than Anthoni Salim?
Social Entrepreneurship: Go-Jek Indonesia
The capital city of Jakarta is famous for its traffic gridlocks. At its worst, it could take one 3 hours to brave through a one-kilometer stretch with one’s car. Increasing car ownership has only made things worse. Gridlocks are happening even more frequently. Luckily, for those who need to arrive to things on time, there’s an alternative mode of transportation: the ojek.
Bracing for More Interesting Issues from Rudi’s Trial
Today’s trial of Rudi Rubiandini, former head of SKKMigas, is expected to generate more interesting issues surrounding the alleged bribery in oil and gas sector. The court summons Karen Agustiawan, CEO of state-owned oil and gas company Pertamina, and Febri Prasetyadi, consultant to Panca Amara Utama (subsidiary of Surya Esa Perkasa/ESSA) and former assistant to president director of Adaro Indonesia.
Widjaja’s Third Generation
Eka Tjipta Widjaja, tsar founder of Sinarmas Group, is now in his 90s, while his children from the first wife (Teguh Ganda, Frankle, Franky, Mukhtar, and Indra) are already in mid-late 50s. While key decisions are still in the hands of the second generation, their children have been groomed to hold key positions in companies according to their father’s roles.
Ramayana & Co: Retail & Leisure
In this issue, we highlight Ramayana & Co, one of business groups based in tourism island of Bali. Ramayana is known for its convenience store oulet Minimart, supermarket Pepito, Ramayana Hotel, etc. What will the group do next?