Remember Steward D Hall? Right, he was CEO of Bank Permata, jointly owned by Standard Chartered Bank (SCB) and Astra International, for almost five years. He is currently key person behind ASX-listed Range International’s expansion in Indonesia. Not in banking sector, but in plastic pallet industry.
Read MoreAverage price of hard coking coal recorded by BHP Billiton for six months ended December 31, 2016 was US$179 per ton, skyrocketed 118% from the corresponding period in 2015. Weak coking coal, meanwhile, jumped 82% to US$122 per ton in the same period. How about Indonesia’s coking coal producer Borneo Lumbung Energi (BORN), controlled by Samin Tan?
Read MoreSingapore-registered investment company Highland Strategic Holding Pte Ltd has on November 9, 2016 signed conditional sale and purchase agreement (CSPA) with PT Toba Sejahtra, a company owned by the family of Luhut Binsar Pandjaitan (coordinating minister for the economy), regarding 1.24 billion shares or 61.79% of the total issued & paid-up share capital of coal producer PT Toba Bara Sejahtera (TOBA) Tbk.
Read MoreThis morning, the National Police’s Criminal Investigation Division (Bareskrim POLRI) is set to examine Sylviana Murni, the running mate of Jakarta governor candidate Agus Harimurti Yudhoyono, as a witness in a graft case concerning the construction of a mosque in Central Jakarta. Said case, however, is not the only case implicating Sylvi.
Read MorePT PP Property Tbk (PPRO) mulls an expansion to three cities—Malang (East Java), Manado (North Sulawesi) and Makassar (Southeast Sulawesi)—this year. Said areas are believed to have potential economic growth that could surpass the national growth. PPRO has also expanded its business from the Jakarta and Greater Jakarta to Surabaya (East Java).
Read MoreMinister of Law & Human Rights Yasonna H. Laoly stated that President Joko “Jokowi” Widodo will not follow the footsteps of his predecessor Susilo Bambang Yudhoyono (SBY), who appointed a Constitutional Court justice (Patrialis Akbar) directly, without putting the justice in question through a fit and proper test. According to Yasonna, President Jokowi will establish a selection committee in order to select Patrialis Akbar’s replacement when it comes to it.
Read MoreThe Corruption Eradication Commission (KPK)’s investigation into the bribery case implicating the Justice of the Constitutional Court Patrialis Akbar continues. After conducting a Sting Operation (OTT) on January 25, 2017, the KPK named 4 suspects in the bribery case, one of whom is Patrialis Akbar. Since then, the Constitutional Court had decided to temporarily suspend Patrialis from his position. But the two main suspects of the case have declined the allegations made against them.
Read MoreSlowly but surely, the Corruption Eradication Commission (KPK) progresses in their investigation into the allegation of graft in the procurement of electronic identity card (e-KTP) in the period of 2011-2012. After examining the Golkar Chairman and Speaker of the House of Representatives Setya Novanto, the KPK examined the former leader of the Budget Committee Olly Dondokambey, who is now the Governor of North Sulawesi. Then again, the KPK has not been able to announce any new suspect in this case.
Read MoreThe dollar headed lower and Asian stocks signaled a weaker start to the week as traders digested the tensions sparked by Donald’s Trump order halting some immigration, a move that’s ignited opposition from world leaders, Bloomberg reported. The greenback weakened against all its major peers in early Asian trading. Equity-index futures in Japan and Australia dropped, while markets in Hong Kong, China, Malaysia, Korea, Singapore, Taiwan and Vietnam are among those closed for holidays in observance of the Lunar New Year.
Read MoreDear Subscribers,
Tomorrow we welcome the year of the rooster. To those of you celebrating Chinese New Year, Xīn Nián Kuài Lè! We wish you a great dinner with your family, and a joyous weekend full of festivities. Those of you visiting Jakarta, we recommend that you visit the Old Town (Kota Tua) area and the neighborhood of Petak Sembilan, the heart of the Jakarta China Town.
Our best regards,
The Editors
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