Revisiting Nursalim Group
We haven't seen Sjamsul Nursalim in Indonesia for more than one decade now. His company Gajah Tunggal (GJTL), however, is doing good with net profit of Rp777.7 billion in nine months of 2012 from sales revenue of almost US$1 billion. Gajah Tunggal is now a company...
Asnim Brothers & Maneuvers
Malaysian company Lion Forest Industries Berhad has agreed to acquire 100% shares of plantation company PT Varita Majutama for a cash consideration of US$63.75 million. This is one of the largest acquisitions in the plantation sector year-to-date. What Asnim brothers...
Salim Group after The Tsar
Lim Sioe Liong AKA Soedono Salim has passed away at almost 97 in Singapore Sunday (June 10). He is founder of the conglomeration with businesses spanning from noodle to iron ore, from Indonesia to all over the world. He has actually left the empire to his sons long...
Sky Aviation & Sukhoi Accident
What a depressing start for Sky Aviation and its stakeholders! Sukhoi Superjet100 hit Salak Mountain in Bogor, West Java Wednesday (May 9) and about 45 people are feared dead. The second joy flight turned into a nightmare. Executives from some airlines were also on...
Tauzia & Hotel Chains
Challenging the already established international brands like Accor or Aston must be something. Sahid Group managed to build hotels in strategic locations in the country, but not that successful, if not calling it a big failure. Tauzia Management, however, managed to...
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...