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PT United Tractors Tbk (also known as UT or UT Company) is an Indonesian company, subsidiary of PT Astra International Tbk ("Astra") that operates in six business lines, namely Construction Machinery, Mining Contractor, Coal Mining, Gold Mining, Construction Industry, and Energy. United Tractors has 20 branch offices, 32 site supports, 6 ...
In 2016 NGOs Greenpeace and WWF suspended partnership with APRIL Group after RAPP dug a canal through peat forest in breach of government regulation. [11] APRIL’s independent Stakeholder Advisory Committee accepted that the incident was the result of unintentional mistakes in interpreting and implementing government regulation.
Energi Mega Persada (“ENRG”) a company focused on developing and exploring the upstream oil and gas in Indonesia was founded. [6] Bakrie Group also acquired 80% of the coal mining company PT. Arutmin Indonesia (Arutmin) from BHP Minerals Exploration Inc, and PT Kaltim Prima Coal from (British Petroleum (BP) and Rio Tinto, in 2003.
PT Berau Coal Energy also issued US$500 million worth of 7.25% guaranteed senior notes in 2017. Both the 2015 and 2017 notes are currently in default. Since July 2015, the Berau Group has brought 4 separate rounds of scheme of arrangement / moratorium proceedings, with terms which have been described as “frankly insulting” at a time when ...
According to Tempo, Agung Sedayu made four payments to Prasetyo Edi Marsudi, the speaker from PDI-Perjuangan and a former employee of Kusuma, who then distributed the funds to others, including Ongen Sangaji. A wire-tapped conversation presented in court by KPK prosecutors revealed an Agung Sedayu executive informing Sanusi that Kusuma would ...
Former PT Tjipta Niaga head office in Jakarta (picture taken in 2011) Head office of PT Kerta Niaga (merged into PT Dharma Niaga) in Jakarta (picture taken in 2011) PT Perusahaan Perdagangan Indonesia (Persero) (lit. ' Indonesia Trading Company '), or PPI, is the only Indonesian state-owned trading house.
The Salim Group is Indonesia's biggest conglomerate and refers to companies where the Salim family holds majority ownership. Its assets include Indofood Sukses Makmur, [a] the world's largest instant noodle producer; Indomobil Group, one of Indonesia's largest car manufacturers; Indomaret, Indonesia's largest convenience store chain; and Bogasari, a large flour-milling operation. [1]
Palm oil division: In April 2012, the Harita Group listed its palm oil division, Bumitama Agri, on the Singapore Exchange.Since then, the company has won numerous awards, including Forbes' Best Under A Billion award, Asiamoney's Best Corporate Governance Award, Best Corporate Social Responsibility Award, Best For Disclosure and Transparency Award, Most Outstanding Company in Singapore and Best ...