President Joko ‘Jokowi’ Widodo has on Friday (October 14) installed Ignatius Jonan as new energy and mineral resources minister. Jokowi also appointed Arcandra Tahar as vice minister of energy & mineral resources minister.
Read MorePresident Joko ‘Jokowi’ Widodo will soon install new minister and vice minister for energy & mineral resources. Archandra Tahar, who was dismissed two months ago as minister, is said to be the vice minister, while Ignatius Jonan, former minister of transportation, will be the new minister. Jonan was dismissed from the cabinet in late July and replaced by Budi Karya Sumadi.
Read MoreJakarta’s 2017 gubernatorial election is likely to go through two rounds. When we published our last analysis on this possibility, the candidates have not been officially announced. Now that we know who will participate in the race. Let’s revisit this scenario given the most recent political dynamics in the capital city.
Read MoreKangean block in East Java is one of the largest gas producing fields in the country, feeding manufacturing and power generation companies in the area. It is co-owned by Mitubishi Corp, Japan Petroleum Exploration (Japex) Ltd, and Energi Mega Persada (ENRG)—-member of Bakrie Group.
Read MoreInvestors are back to buying local stocks this morning as the composite index of the Indonesia Stock Exchange (IDX) gained 0.1% to 5,347 following the rally in Asian stocks, paring a weekly drop. Figures showing China’s producer prices rose for the first time since 2012 eased concern over the health of the region’s largest economy.
Read MoreThe Business Competition Supervisory Commission (KPPU) has finished their investigation and trial into the allegations of cartel practices involving 12 major companies engaged in chicken breeding. On October 13, 2016, the Commission’s Assembly decided in favor of the investigators and stated that the companies involved were guilty as charged.
Read MorePhysical construction of Phase I of mass-rapid transit (MRT) has reached 56.41% after then Jakarta governor Joko Widodo kicked off the development in late 2013. Underground section has reached 74.5%, while elevated section 38.5%, reflecting difficulties in land acquisition. How about Phase II? How about MRT connecting east and west of Jakarta? Light-rail transit? We had a chance to discuss these issues with Sutanto Soehodho, deputy governor of Jakarta for industry, trade, and transportation affairs at the sidelines of Property Report Congress 2016.
Read MoreThough global and regional economic recovery is running slow, with global growth expected for 3.1% this year and 3.5% in 2017, state-owned bank Bank Negara Indonesia (BBNI), reported strong net profit growth of 28.8% in third quarter (Q3) of 2016. The bank booked profit after tax of Rp7.77 trillion in the period, compared to Rp6.03 trillion in Q3 of 2015.
Read MoreApart from Grace Natalie’s Indonesian Solidarity Party (PSI), another new political party is aiming to participate in the 2019 legislative and presidential elections. The United Indonesia Party (Perindo) is known as Hary Tanoesoedibjo’s political vehicle. This reputation makes sense given the people that are listed in the management structure of the Perindo Party. Many Perindo officials are closely linked to Hary Tanoe, some are family and others are employees of his business group PT Media Nusantara Citra Tbk (MNCN). Since that’s the case, should we not refer to Perindo Party as MNC Party?
Read MoreThe property sector has been facing a downturn cycle and has not yet recovered. The Government has been attempting to remedy the problem by lowering lending rates, relaxing tax regimes, opening up room for foreign ownership of select properties, and boosting housing subsidies.
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