Month: January 2017

Jakarta’s Gubernatorial Election: Second Debate

Posted by | Jan 27, 2017 |

Tonight, the Jakarta governor and vice governor candidates will face off in the second round of official debates organized by the Jakarta Election Commission (KPUD DKI). The theme of the debate is bureaucratic reform. The three pairs contesting in the race will answer a series of questions prepared by the panelists, with two moderators in charge of the sessions. The debate will be televised live starting 7.30 PM local time. Who will emerge as the winner of this debate?

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Jokowi’s Infrastructure Push

Posted by | Jan 27, 2017 | ,

We’ve been talking about the need to build new airport in Yogyakarta for more than a decade now. Inaction of the previous leaders contributed to poorer quality of services of the airport in the past few years. The terminal, for example, only capable to handle up to 1.5 million passengers per annum, while number of passengers already surpassed 6 million three years ago. The airstrip is only 2,200m length, unable to handle wide-body aircrafts.

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One Million Homes Program So Far

Posted by | Jan 27, 2017 | ,

One million homes is one of priority programs of Jokowi-Kalla administration to tackle the growing housing backlog. While the program has never reached the one million homes mark, we noticed some improvements compared to the same program under the previous administration of SBY-Boediono.

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Clemency for Antasari: What’s Next? (Part 2)

Posted by | Jan 27, 2017 |

President Joko “Jokowi” Widodo and the former Chairman of the Corruption Eradication Commission (KPK) Antasari Azhar continue to show their good relationship. After receiving a pardon from President Jokowi, Antasari met with the President at the State Palace yesterday (Jan. 26). There’s been speculations on what would follow after Jokowi’s clemency for Antasari and the meeting.

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The Constitutional Court Post Patrialis

Posted by | Jan 27, 2017 |

As we all know, the Constitutional Court (MK) Justice Patrialis Akbar, who is also a former minister of Law in the Susilo Bambang Yudhoyono (SBY) administration, was arrested by the Corruption Eradication Commission (KPK) for allegedly receiving bribes. We’ve talked about Patrialis, his briber, and the case separately. In this article, we’re more interested in the next steps for MK, and the possible replacement of Patrialis.

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Market Snapshots & Corporate Actions

Posted by | Jan 27, 2017 |

Asian shares were steady on Friday and were on track for a solid advance this week, while oil and the dollar held onto gains in the wake of strong U.S. corporate earnings, Reuters reported. South Korean markets are closed for the holidays on Friday and Monday. Chinese markets are also shut down for the Lunar New Year holiday and will resume trade on Friday, Feb. 3. Taiwan is also closed for Lunar New Year and will reopen on Thursday, Feb. 2.

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Basuki Hariman

Posted by | Jan 27, 2017 |

In addition to arresting Constitutional Court Justice Patrialis Akbar on January 25, 2017, the Corruption Eradication Commission (KPK) also arrested a businessman by the name of Basuki Hariman. Basuki Hariman allegedly bribed Patrialis for the purpose of producing a judicial review conclusion that’s favorable to the former’s business. What is the Judicial Review? And who is Basuki Hariman?

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The Flawed Justice

Posted by | Jan 27, 2017 |

The Corruption Eradication Commission (KPK) conducted a Sting Operation (OTT) on January 25, 2017 in 3 separate places in Jakarta. Eleven individuals were arrested. The KPK later informed the press that the arrests were made in connection to a bribery case involving a Justice of the Constitutional Court. After a day of examination, the KPK announced that the bribery is related to a Judicial Review of Law No. 41/2014 concerning Animal Husbandry and Animal Health, the result of which was supposed to be read today on January 27, 2017. The KPK later named 4 suspects including Justice Patrialis Akbar.

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BNI’s Strong Profit Growth in 2016

Posted by | Jan 27, 2017 |

While the banking sector reported lower earning (9.1% growth) for the Jan-Nov 2016 period, PT Bank Negara Indonesia (BNI) Tbk (BBNI) reported a strong growth. BBNI reported a net profit of Rp11.34 trillion for 2016, which is a 25.1% growth from Rp9.07 trillion in 2015. The growth was supported by a 17.4% growth in net interest income and a 23.1% growth in non-interest income. BBNI’s net interest income reached Rp29.99 trillion, and non interest income reached Rp8.59 trillion.

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Patrialis Akbar Arrested, Next?

Posted by | Jan 26, 2017 | ,

The Corruption Eradication Commission (KPK) has arrested Patrialis Akbar, judge at the Constitutional Court, for an alleged bribery in relation to a judicial review case. Patrialis, then executive of National Mandate Party (PAN), was minister of law and human rights in the period of October 2009-October 2011.

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