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Jokowi-Ahok, new capital city, and Coronavirus lockdown

Somehow, those aggressively urged President Joko ‘Jokowi’ Widodo to implement a draconian lockdown to contain the Coronavirus outbreak are the same people refusing the president’s idea to move the capital city from Jakarta to...

Business

The deaths tell us…(2)

As of this morning, around 1.27 million people worldwide have been confirmed Covid-19 positive, wherein 69,418 have died. There is no accurate data available, however, about how many people have actually been infected. There are scattered data about how many people have been tested in some countries, but should all 7.8 billion people be tested?

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Global Stocks Lose

Most stock indexes around the world traded in the red on Friday amid mounting concerns about the coronavirus impact on the global economy after the number of infections passed 1 million. PMI figures showed record contractions in...

Oil Prices Rebound

Oil prices reversed earlier losses to trade higher on Friday, extending a record $5 surge the day before. Earlier in the session, oil prices fell amid doubts whether Saudi Arabia and Russia could agree in a major oil production...

BI Talks with US’s Fed on the Currency Swap

The central bank (BI) in talks with the United States (US) Federal Reserve on the potential currency swaps. Currently, the Bank has a bilateral swaps with China worth of US$30 billion, Japan $22.7 billion, around $10 billion...

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Profiles

Yongky Wijaya & His Businesses

PT Urban Jakarta Propertindo Tbk (URBN), a company controlled by Yongky Wijaya and Robert Soeharsono, decided to acquire 51.01% shares in PT Jakarta River City (JRC) from PT Ciptaruang Persada Property (CPP) for Rp576.88 billion. This is an affiliated transaction because CPP is indirectly controlled by Yongky and Robert.

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