Jokowi’s State of Relationship with PDIP
President Joko “Jokowi” Widodo admitted that he’s sad and disappointed after losing a hosting rights of the FIFA U-20 World Cup. Many wondered about the state of relationship between the President and his own political party, PDIP, and also Ganjar Pranowo since the election year is already on the horizon.
Blibli continues to test Djarum Group
Online shopping mall Blibli.com (PT Global Digital Niaga Tbk/BELI)), owned by Djarum Group, suffered loss of Rp5.53 trillion in 2022, widened from loss Rp3.35 trillion in 2021, due higher expenses.
Palm Oil Falls to 5-Month Low
Malaysian palm oil futures sank to MYR 3,680 in the latter part of March, the lowest since October, pressured by persistent doubts over demand, sharp pullbacks in rival vegetable oils, and a strong Malaysian ringgit. Rapeseed...
Oil Prices Advance for 3rd Session
WTI crude futures rose above $70 per barrel on Wednesday, extending gains for a third session, after the latest EIA data showed a surprise build in US crude stocks and large draws in other fuels such as gasoline and distillate...
Fed Hikes Rates by 25bps
The Fed raised rates by 25bps to 4.75%-5%, as expected, to fight elevated inflation and signaled greater uncertainty about future hikes amid banking crises. Still, during the press conference, Fed chair Powell admitted a pause...
Laksamana Sukardi returns to politics
Laksamana Sukardi, former minister of state-owned enterprises and former treasurer of PDI-P, has decided to return to politics. Laksamana has joined Partai Kebangkitan Nusantara (PKN), a new political party established by loyalists of Anas Urbaningrum, former chairman of Democratic Party.