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Post-Election Disputes

The losing presidential candidate Prabowo Subianto and his running mate Sandiaga Uno are expected to submit a lawsuit at the Constitutional Court (MK) today (May 24) to challenge the result of the 2019 presidential election. Earlier, the MK had already received lawsuits from ten political parties competing in the 2019 legislative election.

Business

Corporate Actions

Pharmaceutical firm Kalbe Farma (KLBF) allocates Rp200-250 billion for developing its digital-based health services such as Klikdokter.com and Kalbestore.com. The Company has hired 35 doctors for working on said digital-based health services.

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Govt Formulates Policies to Improve Oil and Gas Trade Balance

The government has taken a new strategic step to improve the oil and gas trade balance, which continues to be a deficit so far. Taking PT Pertamina‘ investment abroad as primary income in the balance of payments is the only...

Japan Trade Surplus Narrows Sharply

Japan posted a trade surplus of JPY 60 billion in April 2019 compared with a JPY 621 billion surplus in the same month a year earlier and market expectations of a JPY 203 billion surplus. Exports declined for a fifth straight...

BoJ Should Expand Monetary Easing If Economy Worsens

The Bank of Japan/BoJ should strengthen monetary easing without delay if the economy deteriorates to the extent that achieving the 2 percent price stability target in the long term becomes difficult, the central bank board...

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Profiles

Depoliticization of KPK

President Joko ‘Jokowi’ Widodo has appointed nine scholars and leaders of NGOs as members of the Selection Committee for new leadership of the Corruption Eradication Commission (KPK). On Schedule! The Committee will select candidates for new commissioners of KPK to serve in the period of 2019-2023.

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