Indika-Merrill-Berau, Saptaindra IPO

New posts at yosefardi.com are:
1) Movements at Indika-Merrill Lynch-Berau
2) IPO to watch: Saptaindra
3) Jerry Ng's move to BTPN

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Leaders' fart: One year of Lapindo mudflow disaster

The word fart is just one of many different terms used to describe the release of gasses from the human body. Other popular names for farts or farting include: gassers, stinkers, air biscuits, bombers, barking spiders, rotten eggs, and wet ones. Internationally, some foods that cause really smelly farts include: beans, cabbage, cheese, soda, and eggs. In Indonesia, jengkol, a family member of beans produce real stink fart. Farts can be stinky, wet, loud, or silent but deadly. Pee-eeew!!!

Checkout the following conversation I got from circulating SMS:
"Sorry, I just had fart, it's stink because I consumed jengkol," AR said.
"Not me, that's a slanderous accusation. I don't like jengkol because it's not American product," SBY warned but he can't keep the 'flow' and as a result his pants looks wet and jengkol-smelly.
"Mine smells good like French fries," he continued. But soon after that, pret-pret, jengkol-smelly.
MS was frozen, red-face, trying to prevent the gas out, but she can't. Stinks too.
HH just quiet, but he has shinning face because he just got No.2.
"Shit, Rokhmin's warteg (literally means cafe) provided rotten jengkol," they complained in chorus.
PS: Rokhmin is former minister for fishery under Megawati administration and currently on trial for corruption. He fired back with A-List of VIPs accepted money from his pocket.
Thousand km away from Jakarta where most VIPs live, people in Sidoarjo, East Java has been living in a hell of fart-stinky-mudflow erupted from Lapindo Brantas Inc's drilling almost one year now.

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Salim, First Pacific & Indosat move

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Captain Rokhmin & The Titanic

Rokhmin Daruri, former fisheries minister under Megawati administration, has been tipped as Man of The Year by some of my colleagues. Some politicians and observers even ask the court to lighten the sentence should Rokhmin would be convicted in the trial for corruption.

Imagining Rokhmin as Captain Edward John Smith's Titanic? No.
As written by Encyclopedia Titanica, little is known about Smith's actions in the last two hours of the ships life. His legendary skills of leadership seem to have left him, he was curiously indecisive and unusually cautious. He was last seem in the bridge area having given the final order to abandon ship. He appears to have made no attempt to save himself. His body, if recovered, was never identified.
Rokhmin, for sure, will not end up like that. He could be sentenced, but not for life. The issue is Rokhmin as the 'captain' of the 'scandal' wrote a journal about who's who (got the money) like a captain with his passengers. Rokhmin's 'Titanic' also carries VIPs. He started to disclose the name of his passengers late March with high-profile names in political establishment such as Saefullah Yusuf (former minister for underdeveloped regions). The list has been increasingly gained wider crowds when Didi Sadili, Rohmin staff who oversaw the ministry's non-budgetary funds testified before the court on May 8.
Didi disclosed the money transfered in details to all president hopefuls or their respective teams in 2004 election. Amien Rais got Rp400 million, Megawati Rp280 million, Yudhoyono Rp477.5 million, Wiranto Rp228 million, and Hamzah Haz Rp215 million. Most of these groups denied except Amien Rais who admitted that he accepted the money. Amien also stole public sympathy when he stated that he was ready to be prosecuted. But Amien asked other groups to admit like what he did. Amien went further with allegations that some candidates also received money illegally from overseas donors including former World Bank president Paul Wolfowitz (former US Ambassador to Indonesia).
While Amien didn't mention names, president Susilo Bambang Yudhoyono reacted angrily to Amien's allegation. An unnecessary Move by president to accuse Amien of slanderous act when Amien didn't mention the president's name!

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Temasek investigation updates & Indika's new project

New items at www.yosefardi.com: Temasek investigation updates & Indika's new project.

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Disclosure on CP Prima-Dipasena deal, Harita Group & Lim Hariyanto family

CP Prima's plan to acquire Dipasena has boosted the company's stock price. But it's not clear how much shares actually the company bought (to be consolidated or not with CP Prima), what will be the impact for CP Prima's asset & liabilities (with commitment from Barclays & BNP Paribas), or it risks being accused of misleading information to pump-up share price, etc. Lots of questions. Other than that it's interesting that Harita Group secured US$55 million syndicated loan this week. Who are the people behind? What assets the group have? Only at yosefardi.com.

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Indofood-Lonsum deal & PLUS Expressway collision

Two weeks ago yosefardi.com reported that Salim Group was negotiating with Sariaatmadja family to takeover PP Lonsum. Today, both companies confirmed the plan. Read also PLUS Expressway's 'political collision' there.

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Investigation on Temasek's cross ownership, Dipasena's incredibly low recovery, people behind Marunda Graha Mineral, and Bara Mutiara Prima

Why KPPU suddenly investigates cross ownership of Temasek's telecommunication investment? Dipasena's new owner will be announced on Thursday with incredibly low recovery for the state, people behind Marunda Graha Minerals and Bara Mutiara Prima which secured contract to supply coal for the ambitious 10,000 MW project. Read more at www.yosefardi.com.

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Bali Nirwana divestment, Marunda Mineral & Bara Mutiara

PPA is divesting luxury resort Bali Nirwana, people behind emerging energy companies at Marunda Graha Mineral and PT Bara Mutiara Prima. Checkout www.yosefardi.com.

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Tjokrosaputro & The First Family

What is the relationship between Tjokrosaputro and The First Family? Read more at www.yosefardi.com.

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Behind the Palapa Ring project

A consortium of seven companies, including five largest telecommunication providers, is scheduled to sign a memorandum of understanding for the ambitious US$1.6 billion Palapa Ring project tomorrow. Can we imagine this group would lost the battle in October? Checkout at www.yosefardi.com.

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Behind Djody's move on Telkomsel

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Behind Djody's move on Telkomsel

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Asian Agri tax fraud

Koran Tempo and Tempo magazine published a very interesting story on tax fraud investigation on PT Asian Agri, palm oil subsidiary of RGM International today. Tax Officers were upbeat with the preliminary results, especially after they found a bunker of Asian Agri documents few days ago. But Asian Agri denied the fraud allegation and insisted that as a matter of accounting differences only. Meanwhile, anti-money laundering agency PPATK has launched its own investigation on possible money laundering committed by Asian Agri but said the result would be subject to availability of data provided by overseas partners.

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New Kids on The Block

In the last few years, several groups have emerged as important players in energy sector. They are among others Ephindo, Indelberg, Baramulti, Odira Energy, Truba Alam Manunggal, Central Korporindo, or Cipta Panelutama. Checkout the first four names & people behind them at www.yosefardi.com.

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Sofyan Djalil & politics

So far so good! Accused as Golkar Party's guy to raise fund for 2009 election, the newly appointed minister for state-owned enterprises Sofyan Djalil declared yesterday that SOEs are not the place to raise fund for any political group. Read his lips and watch out his actions!

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Lehman Brothers comeback & Harry Tanoe's actions

New reports at yosefardi.com on Lehman Brothers & Harry Tanoesoedibjo's endless actions, a report of Indonesia's biofuel program, and Humpuss sails through BLTA's route. Checkout!

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Ciliandra IPO, Wings plantation, & behind Dutapalma

Tax Office on Sukanto Tanoto's Asian Agri tax fraud, Ciliandra Perkasa's IPO amid corruption case on the founder, Wings aggressive expansions into palm oil, and people behind Dutapalma are among recent topics available at yosefardi.com. Take a tour.

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Are we in a constitutional crisis?

Looking at how our 'senators' (Dewan Perwakilan Daerah) eagerly propose an amendment on 1945 Constitution, I could only ask: Are we really in a constitutional crisis or these senators simply want to steal the show and get more power? Shouldn't they take care problems in their respective areas or deal with autonomy issues?

I was expecting Jakarta senators to paid attention on issues like worsening traffic jams, land dispute in Meruya between Permadi Rachmat (former CEO of Astra International) and people occupied the land he claimed three decades ago, or mount pressures to have our muddy and smelly rivers cleaned up immediately and cheap housing for workers.
Similarly, I hoped senators from Riau to mount pressures toward illegal logging and massive land clearing. I expected Papua senators to raise their voices on bigger revenue from Central Government derived from Freeport's tax & royalty payments.

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