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Archive for the BUSINESS Category


Jakarta to Start With Ambitious $34b Giant Sea Wall Project




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By Eko Aditya & Hari Gunarto on 09:25 pm Aug 10, 2014

Category Business, Economy

Tags: great sea wall, infrastructure, Jakarta




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Courtesy of the Coordinating Ministry of Economic Affairs. Screen shoot was taken from a document: Master Plan National Capital Integrated Coastal Development

Draft of the Master Plan for National Capital Integrated Coastal Development. (JG Screen Grab courtesy of the website of the Coordinating Ministry of Economic Affairs)

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KEEP ON TRUCKIN’

loco mama

Food trucks are parking it in Jakarta

Monday, 26 May 2014

Already gripped in gridlock and dotted with thousands of street-food hawkers, Jakarta seems like an unlikely city for the food truck trend to take root. But despite the city being virtually un-navigable during many hours of the day, food trucks are popping up around Jakarta and proving that local diners are craving more upscale mobile cuisine.

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150 RICHEST INDONESIANS (126 - 150 )

By Globe Asia  Jun 01, 2013

 

richest indonesians

Tandean Rustandi

 

126. $205 million
Widarto (68)
Sungai Budi Group

The Sungai Budi Group is one of Indonesia’s largest upstream food producers with a sound record for innovation, although the company’s reputation has been recently soiled by conflict over land. Established by Widarto in Lampung in 1947, the company has production facilities in West Java, Lampung, Jambi and East Java and produces potatoes, tapioca and chemical products such as sulfuric acid, citric acid and monosodium glutamate. Sungai Budi has a 28.63% interest in PT Tunas Baru Lampung, which produces Rose Brand vegetable cooking oil and rice flour and posted a net income of Rp241 billion last year. The company was a pioneer in the use of industrial waste to produce power but suffered a blow when one of its affiliated companies, Silva Inhutani, was implicated in the death of nine people near its operations in Lampung. Silva Inhutani is said to be a joint venture between state-owned Inhutani and Sungai Budi’s subsidiary PT Silva Lampung Abadi.

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150 RICHEST INDONESIANS (101 - 125)

By Globe Asia  Jun 01, 2013

Anton Setiawan101. $325 million
Kris Taenar Wiluan (64)
Citra Mas Group

Activities at Kris Taenar Wiluan’s Citra Mas are concentrated on manufacturing equipment for oil companies. Citra Mas is a holding company for around 35 subsidiaries, including the listed PT Citra Tubindo, which has emerged as a leading player in the tubular gear business, with 2012 net income at Rp34 billion. Kris also has interests in three public companies in Singapore: KS Energy Services Ltd., Aqua-Terra Supply Co. Ltd. and Sin Soon Huat Ltd.

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150 RICHEST INDONESIANS (51 - 75)

By Globe Asia on 01:20 pm Jun 01, 2013

 

Samin Tan

Samin Tan

 

 

51. $728 million
Kuncoro Wibowo (58)
Ace Hardware

Kuncoro started out with a small retail operation in Jakarta’s old Chinese quarter of Glodok and has grown his business to encompass main-street retail brands. He is the majority owner of PT Ace Hardware Tbk., with 207 branches across the country, and of Krisbow, producer of many of the tools and other do-it-yourself home maintenance gear sold by Ace. He also controls an equipment hire company, while furniture and homeware retail unit Index is another popular spot for middle-class consumers. Kuncoro, the pioneer in modernizing the hardware business, also represents a number of major international manufacturers. Last year Ace recorded net income of Rp437.1 billion on the back of Rp3.2 trillion of revenue.

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150 RICHEST INDONESIANS (26-50)

BY GLOBE ASIA. June 1, 2013

 

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Jacob Oetama

26. $1.3 billion
Jakob Oetama (82)
Kompas Gramedia Group

Jakob Oetama is the co-founder and owner of Kompas Gramedia Group, the largest media group in Indonesia. Still active as a participant in debate and dialogue on national issues and a great supporter of the arts, his media business includes at least 50 publications, including the respected Kompas daily, while the company also has over 100 bookstores across Indonesia. Its latest push is into the television business, launching free-to-air KompasTV last year. Kompas’ interests in the property sector, which include the Santika hotel chain, is currently concentrating on convention halls. Subsidary Dyandra Promosindo, a leading event organizer, raised Rp448.7 billion by selling 30% of its shares to the public during the past year.

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150 RICHEST INDONESIANS (1-25)

By Globe Asia on 11:13 am Jun 01, 2013

 

 

John Prasetio,Y.B. Dato’ Sri Mustapa Mohamed, Budi Hartono, Sudhamek

John Prasetio,Y.B. Dato’ Sri Mustapa Mohamed, Budi Hartono, Sudhamek

1. $15.5 billion
Robert Budi Hartono (72) and Michael Hartono (73)
Djarum Grup

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With Jokowi as President, Would Indonesia Continue to Dazzle Asia?

By William Pesek on 09:07 pm May 20, 2014

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(JG Graphics/Josep Tri Ronggo Laksono)

 

If you could travel back to 1998 and ask which nation would be Southeast Asia’s most promising 16 years later, would you have guessed Indonesia?

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