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august
, 2018
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Bentoel Investama (BAT)
Cigarettes
Foreign/UK
$1.4 billion
Bentoel is one of the largest producers
of tobacco products in Indonesia. The
company has been busy expanding its
business in several areas, including the
opening of a dried ice expanded tobacco
factory in Malang, Central Java, which will
increase exports to neighboring countries.
The group is also actively exploring new
markets in other countries to distribute
its tobacco products and expand its
international distribution chain. This is done
to counteract a continuing downturn due to
increasing health concerns associated with
tobacco consumption.
31
Standard Chartered Group
Banking
Foreign/UK
$1.5 billion
Standard Chartered Bank Indonesia, the
local arm of the British multinational banking
and financial services group, has performed
well so far this year. Net income skyrocketed
by 214 percent to Rp 341 billion in the first
quarter, thanks to a major transformation
to refocus its banking business. Net
interest income jumped 9 percent in the
first three months, thanks to significant
contributions from transaction banking
and its wealth management business.
Business restructuring and a focus on
efficiency resulted in a 6 percent reduction
in operational costs in the same quarter.
Gross nonperforming loans decreased and
asset quality improved. The bank will further
transform its business by using technology
to improve banking functions, including
trade and investment finance. The bank won
an award for its successful implementation
of innovations in financial technology.
Standard Chartered Bank Indonesia has a 45
percent stake in PT Bank Permata Tbk, a joint
venture with Astra International.
32
Kalbe Farma Group
Private,
Pharmaceuticals, healthcare
Boenjamin Setiawan
$1.4 billion
One of Southeast Asia’s largest pharmaceutical companies has
largely been unaffected by the weakening rupiah. The group recently
extended its logistics and storage capacity with the construction
of a new facility in Cikarang, West Java, by subsidiary PT Enseval
Putera Megatrading Tbk. The company has also made good progress
with its medical equipment distribution through another subsidiary,
PT Enseval Medika Prima, the sole distributor of Werfen laboratory
equipment in Indonesia. Spain-based Werfen is a global leader
in in-vitro diagnostics in the specialties of hemostasis, acute care
diagnostics and autoimmunity.
antara photo, reuters photo