Author: Ferdi Hasiman

Govt Rules on Foreign Pilots

The regulation is implemented to foreign pilots who uses Indonesia’s license or who will validate his license. The new regulation aims to prevent some incidents on flight. Currently some 600 foreign pilots are working on Indonesia’s airlines such as Lion Air, Citilink, Garuda Indonesia, Wings Air and Sriwijaya Air....

Read More

Saratoga to Invest $480 Million Ahead of IPO

Soeryadjaya said Saratoga might acquire consumer company next month but declined to mention the name of target of company. He said Saratoga will invite other investor as the acquisition might reach more than US$90 million. Saratoga is now managing fund of around US$600 million, of which US$120 million had been invested.Saratoga plans an IPO to raise at least US$200 million. Soeryadjaya holds 32.45% stake in Saratoga Investama Sedaya, Sandiaga holds 32.45% and PT Unitras Pertama owns 35.06%. Unitras is owned by Soeryadjaya (33.88%), Joyce Soeryadjaya Kerr (52%), and PT Saratoga Inti Perkasa (14.12%). While Saratoga Capital claimed to have US$2 billion of assets under management with portfolio investments in natural resources, energy, infrastructure, telecommunication, and consumer goods....

Read More

Indofood Agri Establishes Investment Holding

In April 2012, PT PP London Sumatra Indonesia (Lonsum) Tbk (LSIP), a subsidiary of Indo Agri, incorporated Agri Investments Pte Ltd (AIPL) with principal activity as an investment holding company for agriculture technology and cultivation business. IndoAgri posts revenue growth Of 7.9% at Rp3.5 trillion (S$477 Million) in the third quarter of 2012, with attributable profit growth Of 22.0% at Rp0.3 Trillion (S$35 Million)....

Read More

Govt to Tender 6 Renewable Energy Work Areas

That six work areas are Lawu mountain located in central Java-East Java with capacity of 1 X 55 MW, Ranau lake located in Lampung, South Sumatera with capacity of 2 X55 MW, Mataloko located in East Nusa Tenggara with capacity of 1 X 2.5 MW, Songa Wayaua located in North Maluku with capacity of 1 X 5MW, Simbolon Samosir, North Sumatera with capacity of 2 X55 MW, and Way Ratai in Lampung with capacity of 1 X 55 MW. The tender aims to achieve the target of 17% for national energy budget by 2025 according to President law No. 5/2006 about National Energy policy....

Read More