Mimika’s 2018 Election & Freeport’s Future

We’ve covered the 2018 gubernatorial election in Papua. In this article, we cover the local election in Mimika, which is one of the regencies in Papua, and the place where Freeport’s Grasberg mine is located controlled. The dynamics ahead of the election...

Indonesia & Iran vs Saudi Arabia

Hours before Saudi Arabia King Salman bin Abdulaziz arrived in Jakarta, state-owned oil and gas company Pertamina submitted proposal to National Iranian Oil Company (NIOC) for the development of Ab-Teymour and Mansouri fields in Iran, which are believed to host 1.5...

Papua’s 2018 Gubernatorial Election & Freeport’s Future

Papua (the eastern most province in the country) and Mimika (one of the regencies in Papua) will participate in the 2018 simultaneous regional elections, which will be held in June 2018. Though the event is still more than a year away, the stages of the elections,...

Acceleration of MRT Projects

High confidence in completing first phase of mass-rapid transit (MRT) triggered the government to push forward construction start of second phase and the new east-west corridor. This is not only a great news for construction companies, but construction materials and...

Kapuas Tunggal Persada Escaped Bankruptcy

PT AKR Corporindo Tbk (AKRA), the largest distributor of fuel in private sector, filed a bankruptcy lawsuit against its business partner PT Kapuas Tunggal Persada (KTP), the subsidiary of PT Mutiara Bara Energy, in December 2016 over Rp19.63 billion debt dispute. In...

Update on the E-KTP Graft Case

In the first week of February 2017 the Corruption Eradication Commission (KPK) wrapped up their examination of the two suspects in the electronic identity card (E-KTP) procurement graft case. The dockets of suspects Sugiharto and Irman were transferred to the...

Market Snapshots & Corporate Actions/Results

The composite index of the Indonesia Stock Exchange (IDX) gained 0.84% to close at 5,408 on Thursday (Mar 2), but closed off its high of 5,431 as profit taking hit certain stocks. Foreign investors returned to buying local stocks as they booked net buy of Rp503.7...

Prince Alwaleed’s Investments in Indonesia

King Salman stays at Raffless Hotel during his visit in Jakarta this week. The hotel is said one of investments from Kingdom Holding Company, a conglomeration owned by Prince Alwaleed, nephew of the King. The delegation of 1,500-2,000 members from royal family will...

Investment Update: Saudi Arabia Investment

Finance Minister Sri Mulyani told reporters on Thursday (Mar 2) that the Kingdom of Saudi Arabia led by King Salman bin Abdulaziz Al-Saud had promised to allocate up to U$$1 billion fund for Indonesia, of which some US$750 million would be as the financing program...

Coal Journal No. 09/2017

Thermal coal retreated 2.21% to US$81.6 per ton Thursday. Most energy and mineral products lost ground due to appreciation of US dollar. WTI and Brent crude oil, for example, fell 2% each, while copper and aluminium lost 1.8% and 2% respectively. Interestingly most of...
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