• New Government Rule Limits Outlets of Franchise Holders in Indonesia to 250

    The Indonesian government has set new rules to limit the amount of outlets that a franchise holder can own in Indonesia to 250 in total. The government implements this rule to protect the country's small and medium enterprises. This new policy has far-reaching consequences for large fast-food companies such as Pizza Hut, KFC and Dunkin’ Brands Group Inc. They will have five years to adjust their businesses to the new policy.

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  • Chairman of Yudhoyono's Democratic Party Named Suspect in Corruption Case

    Although it has been in the air for a while, the Corruption Eradication Commission (KPK) finally named Anas Urbaningrum, chairman of president Susilo Bambang Yudhoyono's Democratic Party (PD), a suspect in the Hambalang corruption case. This case, in which Anas is charged with accepting a bribe to ensure a contract, is the last in a series of blows to the Democratic Party, which has seen its popularity erode drastically in recent months.

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  • Shareholders Reject Rothschild Proposal, Split with Bakrie Group Can Go ahead

    The Bakrie Group is most likely to continue its separation from Bumi Plc, the London-listed coal miner, after an extraordinary shareholders' meeting yesterday rejected the proposal of British financier Nathaniel Rothschild to replace 12 of the 14 board members. This outcome means that the Bakrie Group can go ahead with its intention to separate from Bumi Plc as agreed by the board last week and will keep its assets in Bumi Resources, Indonesia's largest coal miner.

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  • Indonesia Stock Exchange: about 150 IPOs Expected in the Next Five Years

    Director of Corporate Valuation of the Indonesia Stock Exchange (IHSG), Hoesen, said that the stock exchange expects 150 companies to conduct an initial public offering (IPO) on the IHSG within the next five years. In other words, an average of 30 newly-listed companies per year. Also, the amount of domestic investors in Indonesia is expected to increase to become one percent (of the 240 million-numbering population).

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