• ADB Report: Energy Outlook for Asia and the Pacific (October 2013)

    The Asian Development Bank (ADB) has released the latest edition of its report, titled Energy Outlook for Asia and the Pacific 2013, this week. The report aims to identify policy, social, infrastructure, and technology issues that should be addressed to meet the future energy needs of members of the ADB in Asia and the Pacific. Key findings in the case of Indonesia include that the country's primary energy demand is projected to reach 445.4 Mtoe in 2035, up from 207.8 Mtoe in 2010 and that it may become a net importer of natural gas.

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  • Company Profile of MNC Investama: Indonesia's Leading Media Company

    Indonesia Investments added a preliminary company profile of PT MNC Investama Tbk (BHIT) in the Indonesian Companies' section. MNC Investama, which was formerly known as Bhakti Investama until it changed its name in May 2013, is one of Indonesia's leading investment companies. Its businesses include media, financial services, energy & natural resources and portfolio investments. The company was founded by business tycoon Hary Tanoesoedibjo, one of the richest Indonesians and who still holds are large stake in the company.

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  • Indonesian Businessman Buys 70% Stake in Football Club Inter Milan

    Indonesian media tycoon Erick Thohir bought a 70 percent stake in football club Inter Milan of Italy. Thohir, one of the richest businessmen in Indonesia and who already holds large stakes in Philadelphia 76 (NBA) and DC United (Major League Soccer), paid about 300 million euro to obtain the 70 percent stake in the three-time European Champions League winner. The deal, which took months to finalize, was announced by Inter Milan president Massimo Moratti. Foreign ownership of football clubs has been a recent phenomenon in Europe.

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  • Indonesian Government Sets Limits to Plantation Sizes of 11 Commodities

    The Indonesian government has limited the surface area of plantations that can be owned by a company or by a group of companies that have one shared management. This new regulatory framework, stipulated in Permentan No 98/Permentan/OT.140/9/2013 with regard to plantation estates' licensing guidelines, is applied to 11 commodities: tea, sugarcane, oil palm, coconut, cotton, rubber, coffee, cacao, cashew nuts, pepper as well as cloves. The new law has been approved by the minister of Justice and Human Rights Amir Syamsudin.

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