Harum Energy & Barki Family
Two years ago, PT Karunia Bara Perkasa, a company controlled by Kiki Barki family, got Rp1.56 trillion from divestment of Harum Energy (HRUM) shares at Rp5,200 per share as part of the IPO of 500 million shares. Last year, Karunia also sold 270 million shares for...
Murdaya & Bribery Allegation (3)
Hartati Murdaya, business woman and member of advisory board of President SBY's Demokrat Party, defended her innocence in the bribery allegations saying "it was a donation, not a bribe." She indirectly admitted of giving certain amount of money to Buol Regent Amran...
Paramount Group & People Behind
Paramout Group has inaugurated the operation of Bethsaida Hospital in Serpong area, Banten province this week. This is one of major projects launched by the group, which claimed to have reached sales revenue of US$300 million last year. Who's behind the group? Early...
Li Ka Shing & Indonesia
Li Ka Shing is still the richest man in Hong Kong, according to Forbes. Li is also one of the largest investors in Indonesia, ranging from infrastructure to energy. He was involved in Mitra Rajasa-Apexindo deal, reportedly as creditor, which turned sour. Mr Li's major...
Awaiting Listing of Kapal Api
Mayora Indah (MYOR) is considered fourth largest player in the coffee market here. Yet, the company, which generated almost 50% of its revenue from coffee, currently has market capitalization of US$1.7 billion. How about Santos Jaya Abadi, producer of well known brand...
Davomas & Petra Foods
Petra Foods Limited, a company listed on SGX, booked net profit of US$42.6 million in nine months of 2012, inched up 1.1% from the corresponding period of 2011 even though its sales revenue dropped 12% to US$1.14 billion in the period. Davomas Abadi, meanwhile, posted...
Mysteries surrounding The Joker
Joko Tjandra, convicted in the Bank Bali scandal along with former central bank governor Sjahril Sabirin, left the country hours before the Supreme Court judicial review announced. The owner of Mulia Group is leaving the country with tons of unanswered questions about his “trip” to Papua New Guinea on a chartered flight and the corrupt judicial system.
Sinarmas Stocks: Pretty Much on Their Own
Golden Agri-Resources (GAR) Ltd, a company controlled by Sinarmas Group, was one of the most traded stocks on Friday (Sept 7) on Singapore Exchange (SGX). More than 267 million shares were exchanged hands when the stock dropped 4.32% to S$0.665. On Indonesia Stock...
Tempo Scan Group & SBY (2)
Our first article about pharmaceutical giant Tempo Scan Group and President SBY was published on June 18, 2009. This second article is related to the inauguration of new office tower owned by Tempo Scan Group by President SBY on Wednesday (March 7, 2012). SBY talked...
Revisiting Hutrindo
Hutan Raya Indonesia (Hutrino) Group has been facing illegal logging allegations, bankruptcy filings, breach of contract filings, dispute with several banks and financiers in the past few years. Yet the group has expanded its business into plantations and mining....