Sofyan Basir, New Boss of PLN

JAKARTA (Yosefardi) – Sofyan Basir, previously serving as president director of PT Bank Rakyat Indonesia Tbk (BBRI), was on Tuesday (Dec 23) appointed as new president director for state electricity firm PT Perusahaan Listrik Negara (PLN) for 2014-2019 period,...
CVC Capital to Divest Link Net

CVC Capital to Divest Link Net

JAKARTA (Yosefardi) – CVC Capital Partners will reportedly in near future divest shares of PT Link Net Tbk (LINK), controlled by Lippo Group, with divestment value expected for US$500 million. CVC has appointed Credit Suisse Group AG, Deutsche Bank AG, and...

Ignasius Jonan Re-appointed as KAI Chief

JAKARTA (Yosefardi) – Minister for state-owned enterprises (SoE) Dahlan Iskan re-appointed Ignasius Jonan as president director of state-owned railway company PT Kereta Api Indonesia (KAI) for the second term. Dahlan said Jonan was re-appointed as he has...