Wilmar: Victim of Trying Too Hard

Wilmar International Ltd inched up only 0.31% to S$3.28 Tuesday (Aug 7) following announcement of construction of two flour mills in Indonesia with production capacity of 1 million tons per annum. The current price of Wilmar is 53% below its peak in early 2010. In the...

Underreported Wealthy Families: Tjuatja

Tjuatja is one of underreported wealthy families in Indonesia with business interests in various sectors, including in the neighboring country Singapore. Very few reports found in Indonesian media about the family, but gained international 'reputation' for the...

Duta Putra Group

Duta Putra is one of substantial property players that yet to list its shares in the stock market. The group develops residential projects like Bukit Dago, Villa Dago Pamulang, Duta Bintaro, Grand Serpong, Bukit Golf, and some apartment projects. Duta Putra is also...

Saraswanti Group & People Behind

Saraswanti is a group with diversified business interests. Fertilizer, plantation, laboratory, real estate, and others. The group claimed that PT Saraswanti Sawit Makmur had planted over 3,000 hectares of palm oil trees in East Kalimantan. Who's behind the group? PT...

Dexa Medica & Soetikno Family

Dexa Medica is one of the largest pharmaceutical groups in Indonesia. In 2007, the company claimed itself the second largest player for prescription drugs and third largest overall. Established by Rudy Soetikno, the group has expanded into other businesses. Dexa is...

Crisis? PRADA Says No…

Politicians might be hectic in finding ways to defend Euro from debt fears. Others worry on slowing down of China's economy or slower than expected recovery in US. But PRADA, the company that sells luxury items, reported remarkable growth. The Milan-based fashion...

Tanihaha & The Property Business

Bliss Group is said to be an US-based Indonesian family owned property group, which reportedly was established in 1980s. The company has footprints in two regions: Southern California, USA and Eastern Indonesia. In Southern California, the group has developed...

Nirvana Development & People Behind

Property developer PT Nirvana Development (NIRO) Tbk kicks off trading of its shares on Indonesia Stock Exchange (IDX) this morning. It offers 6 billion shares in the initial public offering (IPO) at Rp105 per share to raise Rp630 billion. It starts the trading with...

Modernland Realty & People Behind

Modernland Realty (MDLN) is one of top gainers on Indonesia Stock Exchange (IDX) this year. The stock has gained 125% year-to-date to make a market capitalization of Rp3.38 trillion. The company has just released its first half 2012 results, where net profit...

Sumitomo in Indonesia (3)

Sumitomo Corporation CEO Susumu Kato has just paid a courtesy call to President SBY at the State Palace Tuesday (Feb 7). Susumu pledges about US$10 billion of new investments in various sectors in the country, ranging from geothermal, coal, natural gas, and power...

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