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Jakarta Battleground

The news and research wing of Kompas, the Litbang Kompas have been slowly releasing the result of the survey they conducted over the period of Feb. 22 and March 5, 2019. The first set of results the Litbang Kompas released stirred many, with some accusing the Editor-in-Chief of Kompas of partisanship. Controversy aside, we should still note their findings, among which is the finding that the electability of Joko “Jokowi” Widodo and his running mate KH Ma'ruf Amin (Jokowi-Amin) is behind that of Prabowo Subianto and Sandiaga Uno (Prabowo-Sandi) in Jakarta.

Business

Corporate Actions to Watch

Oil and gas firm Medco Energi Internasional (MEDC) reached a deal to acquire all shares in Ophir Energy Plc, both issued and to-be-issued shares at price of 57.5 pence per share in cash, up from the previously agreed 55 pence per share, or around a total value of 408.4 million pound sterling, equivalent US$539 million, higher than previously agreed value of US$390.6 pound sterling.

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Bank DBS Indonesia Posts Profit Rp31 Billion

Bank DBS Indonesia posted net profit of Rp31 billion only in 2018, compared to Rp503 billion in 2017 as profit from operation dropped 58% to Rp271 billion from previous Rp648 billion. The Bank also recorded Rp260 billion loss of...

Pieter Tanuri Mulls to Acquire Visi Media

Pieter Tanuri mulls to acquire PT Visi Media Asia (VIVA), parent company of TV One. Pieter is said to acquire VIVA with the consortium. VIVA and its subsidiary PT Intermedia Capital (MDIA) have informed to launch the rights...

Oki Pulp & Paper Issues MTN Rp300 Billion

Pulp and paper producer PT Oki Pulp & Paper issued medium term notes (MTN) worth Rp300 billion. The MTN has tenor of 3 years (due in Feb 15, 2022) and carries annual coupon rates of 11%. Sinarmas Sekuritas arranged this MTN...

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Revisiting Hashim’s Assets (2)

Hashim Djojohadikusumo, brother of president candidate Prabowo Subianto, led the campaign team to log a complaint regarding what the team believed as potential fraud in the election to the Election Commission (KPU) yesterday. Prabowo’s supporters, meanwhile, continued to air Hashim’s statements about his contribution to Jokowi’s political career, and then labelled the incumbent a disrespectful man. Is it true that Jokowi didn’t ‘pay back’ to Hashim?

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