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Minister of Finance Chatib Basri
President Susilo Bambang Yudhoyono has finally appointed Mochamad Chatib Asri as minister of finance, ending months of speculations. SBY considers Chatib successful as head of Investment Coordinating Board (BKPM), a position he held for about one year. Who is Chatib? ,Last Updated ( Mon, 20 May 2013)
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| Targeting Ande Ande Lumut Project
ASX-listed AWE Limited believes it is on track for completion of the farm-out of Ande Ande Lumut field, located within Northwest Natuna production sharing contract (PSC) in the third quarter of 2013, targeting a final investment decision on the field development before the end of the year. (Mon, 20 May 2013)
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| MNC Group: Stocks & Performance
Combined market capitalization of companies under MNC Group, controlled by Hanura politician Harry Tanoesoedibjo, has reached US$15 billion. Performance of operating units (financial services, media, transportation) in the first quarter of 2013, however, was relatively weak. (Mon, 20 May 2013)
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| More Articles |
| • SINARMAS Multiartha & Its Accounts | Company Profile | Sinarmas Multiartha (SMMA), financial services arm of Sinarmas Group, is a company with total assets of US$5 billion. In the first quarter of 2013, the company reported net profit of Rp1.24 trillion, skyrocketed 275% from the corresponding period of 2012. How true? | |
| • Boom in Hotel Investments | Property | Hotels business is not as profitable as gold, oil-gas, cement or food & beverage. However, a number of world-class hotel managements will expand their businesses further in the country this year onwards, including Best Western and Hilton – two of the largest hotel chain companies in the world. | |
| • ARPENI & Auditor's Lengthy Note | Stock Market | The troubled shipping company Arpeni Pratama Ocean Line (APOL) booked net loss of Rp721 billion last year, dropped 65% from 2011 because of smaller finance costs and extremely high financial income from debt restructuring. The company, however, has recently decided to replace its auditor. Why? | |
| • Market Snapshots | Stock Market | Crude oil hovers around US$96/barrel, while crude palm oil (CPO) has rallied to above RM$2300/ton in the past few trading days. Time for portfolio shifting and revisiting resources stocks? In this report: XL Axiata, TPS Food, Centrin Online, etc. | |
| • Matahari Acquires Matahari + Ramayana US$2.4 Billion | Investment | Matahari Department Stores (LPPF) will soon launch an acquisition of 51% shares of PT Matahari Putra Prima (MPPA) Tbk for US$1.2 billion, a premium of 100% on the last quoted price. Shareholders of LPPF also agree to pay US$1.2 billion for 51% shares in Ramayana Lestari Sentosa (RALS), also a premium 100%. | |
| • Argo Manunggal: Squeezing ASRI Too Much Too Soon | Property | Alam Sutera Realty (ASRI) is now valued higher (Rp21.2 trillion) than Summarecon Agung, about the same with Ciputra Development, more than twice of Agung Podomoro Land. Bekasi Fajar Industrial Estate (BEST) is just inches below Agung Podomoro. Combined market cap of ASRI and BEST is Rp30 trillion. Argo Manunggal Group decides to seize the opportunity to squeeze more from creditors... | |
| • Bank Nationalnobu: Lippo's Cashier? | Banking | Bank Nationalnobu (NOBU) will kick off trading of its shares on Indonesia Stock Exchange (IDX) Monday, May 20. The bank, which had total assets of Rp1.2 trillion as of December 2012, starts the trading with market capitalization of Rp1.54 trillion. This is the first bank in the country valued more than its total assets. Most profitable banks like BRI and BCA are valued way below their total assets. | |
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