Expansion of Indonesia’s Cellulose Fibers

Synthetic fiber may control 63% of the world’s fiber market, but man-made cellulose fiber is a big business. Indonesia with its forest resources is a key player despite questions surrounding sustainable forest management. Other than the growing export market,...

The E-KTP Graft Case: The Trial Begins

Today (March 9) the Jakarta Corruption Court holds the first trial of Sugiharto and Irman, the two defendants in the electronic identity card (E-KTP) graft case. Many look forward to this trial because it may reveal more information on the suspected involvement of the...

The E-KTP Graft Case: SBY’s Aides & TW’s Son

Today (March 9) the Jakarta Corruption Court is scheduled to hold the first trial of Sugiharto and Irman, the two defendants in the electronic identity card (E-KTP) graft case. The mega project was rolled out and implemented by Susilo Bambang Yudhoyono (SBY)’s...

Legislative Journal: Government Regulation No. 18/2017

On February 22, 2017 President Joko “Jokowi” Widodo promulgated the Presidential Regulation (Perpres) No. 18/2017 on Procedures for Acceptance and Distribution of Donations by Community Organizations in the Prevention of Terrorism. Perpres 18/2017 is meant...

Is This the End for Putu Sudiartana?

Putu Sudiartana’s trial is over. The former member of the House Commission III of the House of Representatives (DPR), and former cadre of Democratic Party, was found guilty of bribery on March 8, 2017. Putu was sentenced to imprisonment, and the panel of judges...

Market & Corporate Actions

Asian equities were mostly flat this morning (Thursday), as traders anxiously eyed U.S. crude prices which fell to $50 levels steadied after a sharp plunge overnight, cnbc.com reported. Crude benchmarks plunged more than 5% during U.S. hours on Wednesday after U.S....

Tax Amnesty & Incorporated Export

The Tax Amnesty program will end this month (March 31) and the Government has revealed that it would impose sanctions to tax payers who are still concealing their wealth. As of March 8, the declared assets reached Rp4,463 trillion, with the repatriated funds amounting...

Salim Group & The Future of Bank Ina Perdana

Shares of Bank Ina Perdana (BINA) surged 24.68% to Rp384 on Wednesday (March 8) with thin trading volume (9.84 million shares exchanged hands). That means value of the small bank has already jumped 148% since early November 2016 on prospect of having Salim Group,...

Commodities & State Budget 2017

Tax Office announced almost 100% year-on-year jump in oil and gas income tax (PPh Migas) collected in January 2017, thanks to higher average price of crude oil. State revenues from oil and gas should also increase significantly in February because average OPEC basket...

Financing Issues of LRT Projects

Economist Faisal Basri, who failed in his attempt to become governor of Jakarta in 2012 election, criticized Jokowi-Kalla administration’s policies, calling them ‘reckless’. He pointed to the missed targets of tax collections in 2015 and 2016. While the government...
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