Author: yosefardi.com

Asian Markets Mixed

Asian stock markets were mixed on Monday, despite an upbeat China data that showed China’s industrial output and retail sales rose more than expected in November. Shanghai Composite index increased to a five-week high of...

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EU versus Indonesia on WTO

In just two days after he was appointed Chair of the Investment Coordinating Board (BKPM), Bahlil Lahadalia told the press (Oct. 28) that he was going to move up the nickel ore export ban to January 2020. In matters of weeks, the European Union (EU) responded with a complaint against Indonesia at the World Trade Organization (WTO). Undeterred, Indonesia has returned with a countersuit. 

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End of Year Security

President Joko “Jokowi” Widodo has ordered the security forces to take measure and to tighten nationwide security with Christmas and New Year holidays in view. The security forces are ready to safeguard the country by holding its annual operation and deploying 198,000 joint security personnels from the National Police (POLRI), the Military (TNI), and the State Intelligence Agency (BIN) for the said operation.

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PPP Chairmanship Congress

The United Development Party (PPP)—which is a member of President Joko “Jokowi” Widodo’s ruling coalition—will hold its muktamar (chairmanship congress) next year. Five figures, including the current acting Chairman of PPP Suharso Monoarfa, have been mentioned as potential chairman candidates.

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KPPU and Merger Notifications

Apart from cases related to the procurement of goods in construction projects, we notice that the Business Competition Supervisory Commission (KPPU) is paying more attention to the corporates responsibility to report their corporate actions (merger and acquisition). The KPPU plan on intensifying the socialization of this obligation to prevent legal violations. We admit that the socialization will be useful, but this is such an ironic plan because the law regulating this obligation had been promulgated since 1999.

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Demands for Ketut Sudikerta 

Back in April 2019, we reported that the Bali regional police had named the former Vice Governor of Bali I Ketut Sudikerta a suspect of money laundering related to a dispute in the Maspion Group (Alim Husni Family). The inquisition and trial continued without much attention. Last week, the prosecutors read their demand for Sudikerta. They believed Sudikerta is guilty and demand the Panel of Judges to punish him to 15 years imprisonment.

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Investment Update 

Indonesian Investment Coordinating Board (BKPM) Chief Bahlil Lahadalia pledged to fixed soon twenty-four investment projects worth Rp700 trillion currently stalled due to overlapping regulations and red tapes, such as land acquisition, licensing, or other issues. There are bottlenecks at both the central and regional government levels because of overlapping regulations that need to be synchronized.

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