{
    "success": true,
    "data": {
        "id": 1539062,
        "msgid": "bakrie-to-buy-bumi-modern-1447893297",
        "date": "1997-05-21 00:00:00",
        "title": "Bakrie to buy Bumi Modern",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Bakrie to buy Bumi Modern JAKARTA (JP): Bakrie Capital Indonesia (BCI), a subsidiary of Bakrie and Brothers Group, plans to buy 25 percent of property developer PT Bumi Modern for Rp 27.84 billion (US$11.60 million) from its major shareholder, PT Asuransi Jiwa Bersama. Bumi Modern's president, Sri Hoedoyo Sontokusumo, said the entry of BCI was expected to strengthen Bumi Modern's business performance.",
        "content": "<p>Bakrie to buy Bumi Modern<\/p>\n<p>JAKARTA (JP): Bakrie Capital Indonesia (BCI), a subsidiary of<br>\nBakrie and Brothers Group, plans to buy 25 percent of property<br>\ndeveloper PT Bumi Modern for Rp 27.84 billion (US$11.60 million)<br>\nfrom its major shareholder, PT Asuransi Jiwa Bersama.<\/p>\n<p>Bumi Modern&apos;s president, Sri Hoedoyo Sontokusumo, said the<br>\nentry of BCI was expected to strengthen Bumi Modern&apos;s business<br>\nperformance.<\/p>\n<p>Sri Hoedoyo said Bumi Modern, which owns the Hyatt Regency<br>\nhotel in Surabaya and several housing projects, has reportedly<br>\nsuffered financial problems in the hotel business.<\/p>\n<p>Bumi Modern needed fresh funds to improve its finances, Sri<br>\nHoedoyo said. &quot;We need a strong partner with a strong financial<br>\nsource,&quot; Bisnis Indonesia quoted Sri Hoedoyo as saying. (09)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/bakrie-to-buy-bumi-modern-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}