Recent Articles
PAN & the Third Axis
The Chairman of the National Mandate Party (PAN), Zulkifli Hasan, expressed his pessimism about the chance of the Defense Minister Prabowo Subianto (who is also the chairman of the Gerindra Party) of winning the 2024 presidential race given the latter's losses in the last three presidential elections. Zulkifli, who is also deputy speaker of the People's Consultative Assembly (MPR), the highest legislative body in the country, stated that his party wants a three-horse or even four-horse race in 2024 to avoid what happened back in the last two presidential elections. But the quality of an election does not depend on the number of contestants participating in the said election.
Business
FY21 Results of PLN
State electricity provider PT Perusahaan Listrik Negara (PLN) booked a net profit of Rp13.17 trillion in 2021, surged 116% year on year (y/y), helped gain on the foreign exchange (forex), lower finance costs, and higher revenues.
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Current Account Surplus Continues, External Resilience Maintained
Indonesia’s Balance of Payments (BOP) in the first quarter (Q1) of 2022 remained sound, thereby bolstering external resilience. The current account surplus persisted despite capital and financial account deficit, leading to a...
Euro Area Manufacturing PMI at 18-Month Low
The S&P Global Eurozone Manufacturing PMI fell to 54.4 in May of 2022 from 55.5 in April, the smallest expansion since November 2020 and compared to market forecasts of 54.9, preliminary estimates showed. New orders fell for...
Japan Leading Economic Index Revised Lower
The index of leading economic indicators in Japan, which is a gauge of the economy a few months ahead and is compiled using data such as job offers and consumer sentiment, was revised lower to 100.8 in March of 2022, compared...
Profiles
Sariaatmadja-Tanoesoedibjo
Jessica Herliani, daughter of Hary Tanoesoedibjo (MNC Group), has tied the knot with Jonathan Natakusuma, son of Fofo Sariaatmadja (Emtek Group). MNC and EMTEK are two of the largest media groups in the country. MNC controls TV stations like RCTI, MNC TV and TPI, while EMTEK owns SCTV and Indosiar.
