Shares of ConocoPhillips jumped 11% Wednesday morning in New York as investors were upbeat with crude oil rally, which was boosted by optimism surrounding production cut by OPEC members. WTI crude oil and Brent crude oil jumped 8% on average to respond optimism from OPEC leaders about production cut.
Read MoreSinarmas Group (Widjaja Family) is relatively new player in pay TV business. The group, however, has been aggressively investing in the cable TV and Internet business and recorded among the strongest growth this year. It is still very small compared to MNC Group or Lippo Group, but deserved serious attention.
Read MorePT Tower Bersama Infrastructure (TBIG) Tbk, tower operator controlled by Saratoga Group (Edwin Soeryadjaya), has just released its financial statement for the period ended Sept 30, 2016. The Company’s total asset was slightly smaller than Sarana Menara Nusantara (TOWR), controlled by Djarum Group (Hartono family), but TOWR is valued significantly higher than TBIG.
Read MoreThe Attorney General’s Office (AGO) is having a bad year and it’s getting worse after the South Jakarta District Court decided to partially grant the pre-trial lawsuits filed by two suspects in the case of alleged corruption in tax restitution conducted by PT Mobile-8 Telecom Tbk (Mobile-8). The two suspects, i.e., Hary Djaja and Anthony Chandra Kartawiria will be free from the criminal charges. Not only that, the Court also stated the AGO do not have the authority to investigate such case. What will be the AGO’s next move?
Read MoreAsia markets were flat in early trade on Wednesday, with energy stocks under pressure following overnight declines in oil prices and as traders eyed a meeting between the world’s top oil producers in Vienna, cnbc.com reported. Oil prices tumbled nearly 4% on Tuesday amid fresh uncertainties over an OPEC deal to reduce production levels with ministers from the 14-nation cartel slated to meet in Vienna later Wednesday to announce a decision on output curbs proposed in September. During Asian hours on Wednesday, U.S. crude futures rebounded slightly, up 0.33 percent at $45.38, after falling 3.9 percent on Tuesday during U.S. hours.
Read MoreAgus Yudhoyono, son of sixth President SBY and governor candidate for Jakarta, uploaded a picture of him with soccer superstar Christiano Ronaldo on September 24, 2016 through his Instagram account. The picture was taken during Ronaldo’s visit to Bali in 2013, when the superstar ‘endorsed’ the so-called ‘Bali Save Mangrove, Save Earth’ campaign in Benoa Bay, Bali.
Read MoreSBY’s support to Tommy Winata can also be seen in the award of reclamation projects in northern shore of Jakarta by then governor Fauzi Bowo (entering 2012 governor race against Jokowi-Ahok with strong support from SBY’s Democratic Party) to Agung Sedayu, a JV between Tommy and Sugianto Kusuma (Aguan) and reclamation of Benoa Bay in Bali.
Read MoreCorruption Crime Court of the Surabaya District Court in East Java has on Tuesday (Nov 29) held the first trial of Dahlan Iskan, former minister of state-owned enterprises, who is accused of causing losses to the State regarding divestment of assets of PT Panca Wira Utama (PWU), a company owned by East Java provincial government. Dahlan is suspect in his capacity as former CEO of PWU. There are two other corruption cases against Dahlan, who won the highest votes as potential president candidate from Democratic Party led by sixth president Susilo Bambang Yudhoyono.
Read MoreMitra Pinasthika Mustika (MPMX), distributor of Honda motorcycle, which is controlled by Saratoga Investama Sedaya (SRTG), is among stocks yet to gain since initial public offering (IPO). MPMX offered 970 million shares at...
Read MoreSixth President SBY published an op-ed at Rakyat Merdeka newspaper on Monday (Nov 28) titled “Restore Peace and Our Unity”, days before the planned rally on December 2nd. While the article was meant an advise to President Joko ‘Jokowi’ Widodo based on SBY’s beliefs about the state of the nation, one can’t be blamed to see similarities with SBY’s provocative statements ahead of November 4th rally, which turned violent. Some reporters asked Jokowi whether he had read the article. “Not yet,” Jokowi replied.
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