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Singapore’s BreadTalk Completes the Acquisition Food Juntion from Lippo Group

JAKARTA (TheInsiderStories) - Hong Kong' Lippo Limited (HKD: 0226), unit of Lippo Group, and Lippo China Resources Ltd., has completed the sale of Food Junction Management...

Indonesia’s Siloam Hospitals Buyback Share of US$7.09M

JAKARTA (TheInsiderStories) - Indonesian hospital operator, PT Siloam International Hospitals Tbk (IDX: SILO) plans to conduct a stock buyback, said the management on Friday...

Singapore’s BreadTalk Controls Lippo Group Food Company

Jakarta (TheInsiderStories) - Singapore' food and beverage (F&B) producer, BreadTalk Group Ltd., will acquire 1.48 million shares or 100 percent shares Lippo Group' food...

Indonesia’s Lippo Karawaci Offers 67.74% Shares to Gets US$785M

JAKARTA (TheInsiderStories) - Indonesian property developer, PT Lippo Karawaci Tbk (IDX: LPKR) will hold rights issue for 47.82 billion shares or 67.74 percent of its issued...

Singapore’s LMIRT Prices US$250M Five-year Bond at 7.25%

JAKARTA (TheInsiderStories) - Lippo Malls Indonesia Retail Trust (LMIRT) priced a US$250 million five-year bond offering at 7.25 percent, in Asia’ first US Dollar high-yield bond...

Moody’s Assigns Ba3 Ratings to Lippo Malls Indonesia Retail Trust

JAKARTA (TheInsiderStories) - Moody's Investors Service has assigned a Ba3 corporate family rating (CFR) to Lippo Malls Indonesia Retail Trust (LMIRT). Moody's also assigned a...

Moody’s Changes Lippo Karawaci’s Outlook to Stable

Singapore (TheInsiderStories) - Moody's Investors Service has affirmed the B3 corporate family rating of Lippo Karawaci Tbk (P.T.) and affirmed the B3 backed senior...

Riyadi’s Family Sold Indonesia’s Lippo Karawaci Shares

JAKARTA (TheInsiderStories) - Lippo Group through PT Inti Anugerah Pratama sold around 9.44 percent its share ownership in property developer PT Lippo Karawaci Tbk (IDX: LPKR),...

Indonesia’ anti-graft will Summon Tan in Bribery Case

JAKARTA (TheInsiderStories) – Indonesian anti-graft investigating team will summon PT Borneo Lumbung Energy & Metal owner Samin Tan to undergo a preliminary inspection following...

Morning Briefing: Tensions over the Brexit Negotiations

JAKARTA (TheInsiderStories) – Good morning! British' Prime Minister Theresa May just finished her negotiation with European Union (EU) officials over the Brexit agreement. As...

Indonesian Anti-Graft Investigates Former West Java Deputy Governor on Meikarta Case

JAKARTA (TheInsiderStories) – Indonesian Corruption Eradication Commission (CEC) to investigate former Deputy Governor of West Java, Deddy Mizwar today (12/12) on the Meikarta project' bribery...

Indonesian Gov’t Call Off to Revokes First Media Frequency License

JAKARTA (TheInsiderStories) - Indonesian internet provider, PT First Media Tbk (IDX: KBLV), PT Internux, dan PT Jasnita Telekomindo' 2,3 GHz frequencies revoke was delayed from plan....

Morning Briefing: ASEAN Leaders Convene in Singapore

JAKARTA (TheInsiderStories) –— Good morning! The 33rd ASEAN Summit has officially started on Tuesday (13/11) in Singapore. ​During the Summit, the ASEAN Leaders are expected to...

Indonesia’s Anti-graft Interrogates Billionaire James Riyadi on Meikarta’s Case

JAKARTA (TheInsiderStories) - Indonesia's Corruption Eradication Commision (CEC) interrogated Chief Executive Officer of Lippo Group James Riady over the bribery case in the Meikarta Projects, said...

Morning Briefing: Billionaire James Riady Linked in Meikarta Bribery Case

JAKARTA (TheInsiderStories) - Good morning. The corruption eradication commission (CEC) expanded its investigation on bribery cases of Lippo Group’s executives and searched for evidences in...

Bribery Case May Strike Lippo Business in Indonesia

JAKARTA (TheInsiderStories) - Meikarta “Shenzen of Indonesia” project bribery case has dragged several Lippo Group’s top officials and tarnished its reputation. This chaotic situation is predicted...

Indonesian Anti-graft Body Inspects James Riyadi’s House

JAKARTA (TheInsiderStories) - Indonesian Corruption Eradication Commission (CEC) inspected the residence of the CEO Lippo Group James Riyadi in Karawaci, Tangerang, related to alleged bribery cases...

Lippo Karawaci’s Alleged Bribery is Credit Negative, Moody’s Said

JAKARTA (TheInsiderStories) - On Oct. 15, Indonesia's (Baa2 stable) Corruption Eradication Commission arrested Lippo Group executives for alleged bribery relating to the issuance of property...

Morning Briefing: Ruling Coalition Under Probe for Campaign Early Start

JAKARTA (TheInsiderStories) - Good morning. The ruling coalition is under hot water for putting a newspaper advertisement, which is not yet allowed as per campaign regulation....

Lippo Group’s Business Rocked by the Corruption Issues

JAKARTA (TheInsiderStories) - Shares of Lippo Group companies would see some pressures also after reports that some of its key executives were arrested on bribery charges...

Morning Briefing: Rupiah Falls as Surprise Trade Surplus Fail to Lift...

JAKARTA (TheInsiderStoris) - Good morning. The Rupiah started the week with a loss as investors stay risk-averse due to escalating trade tensions even as Indonesia recorded...

Two Years Fugitive, Eddy Sindoro Surrenders to Anti-graft Agency

JAKARTA (TheInsiderStories) - Ex-Commissioner of Lippo Group, Eddy Sindoro, finally sent himself to Indonesia's Corruption Eradication Commission (CEC) on Friday (12/10) evening, after 2 years escaping. CEC's...

Indonesia Anti Graft Chief: Ex Lippo Group’s Boss is on the Interpol...

JAKARTA (TheInsiderStories) - Indonesia Corruption Eradication Commission's (CEC) chairman Agus Rahardjo said that former president of Lippo Group Eddy Sindoro had been recorded in the list of...

Moody’s Downgrades Lippo Karawaci to B3, Outlook Negative

JAKARTA (TheInsiderStories) - Moody's Investors Service has downgraded the corporate family rating of Lippo Karawaci Tbk (P.T.) to B3 from B2. Moody's has also downgraded the backed...

Indonesia’s Matahari Buyback Shares US$86M

JAKARTA (TheInsiderStories) - PT Matahari Department Stores Tbk (IDX: LPPF) announces Rp1.25 trillion (US$86.21 million) share buyback program, said the company on Wednesday (29/08). It...

Moody’s Confirms Matahari’s B3 CFR, Will Withdraw the Rating

Singapore -- Moody's Investors Service has today confirmed Matahari Putra Prima Tbk (P.T.)'s (MPPA) corporate family rating (CFR) at B3. The rating action concludes...

Indonesia Lippo, China Merchants to Operates First Hospital in Shanghai

JAKARTA (TheInsiderStories) - OUE Lippo Healthcare (OUELH), unit of Indonesian conglomeration firm Lippo Group and China Merchants Group (CMG) has entered into an agreement with...

Indonesia’s Lippo Invests $44M in Tencent

JAKARTA (TheInsiderStories)—Indonesia's real estate company Lippo Group invested US$44 million in Chinese giant internet company Tencent Holdings Ltd. through shares and equity-linked notes. In a...

Moody’s Downgrades Retailer Matahari on Heightened Liquidity Risk

JAKARTA (TheInsiderStories) - Global rating assessor Moody's Investors Service has downgraded the corporate family rating for Indonesian leading retailer PT Matahari Putra Prima Tbk...

Moody’s Downgrades Lippo Malls Indonesia Retail Trust to Ba1

JAKARTA (TheInsiderStories) - Moody's Investors Service has downgraded its rating for Lippo Malls Indonesia Retail Trust (LMIRT) to a non-investment grade corporate family rating of Ba1...