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View all search resultsBakrie
Opinion 1 year ago
PREMIUM
Analysis: Financial distress of Bakrie’s media arm has not come to an end
The plight of the Bakrie Group has not come to an end with its media arm entangled in massive debts. As the group’s crown prince forcefully took over the chairmanship of the Indonesian Chamber of Commerce and Industry (Kadin), the Central Jakarta Commercial Court granted an extension of a debt payment suspension for four media companies under the Bakrie Group.
Economy 1 year ago
PREMIUM
Anindya Bakrie named Kadin chair, but legitimacy questioned
An extraordinary national congress decided on Saturday that Bakrie & Brothers CEO Anindya be sworn in as a new Kadin chairman on Monday, but the current leadership says the process violates the business group’s rules.
Companies 3 years ago
Football tycoons: Erick Thohir, Anindya Bakrie acquire majority of Oxford United FC shares
Two Indonesian business magnates, Erick Thohir and Anindya Bakrie, have acquired 51 percent shares of Oxford United Football Club, following the footsteps of Thailand tycoons Sumrith 'Tiger' Thanakarnjanasuth and Pairoj Piempongsant, as well as Vietnam-based businessman Horst Geicke.
Business 5 years ago
Coal mining giant Bumi records 97 percent plunge in profit
Indonesia’s largest thermal coal miner, PT Bumi Resources, booked a US$6.84 million profit in 2019, down 97 percent from the previous year's $220.4 million, pinched between falling coal prices and higher fuel-related costs.
Business 8 years ago
Energi Mega Persada seeks to maintain production after block losses
Bakrie Group’s listed oil-and-gas subsidiary PT Energi Mega Persada (ENMP) is fighting to keep its oil and gas production stable after letting go of contracts on several domestic and overseas oil and gas blocks.
Business 9 years ago
Bumi Resources expects higher coal sales in 2017
Publicly listed coal mining company Bumi Resources projects its sales to increase by 5 percent to 7 percent this year to around 94 million tons thanks to a brighter outlook for the commodity's price as well as deals with several counterparts.
