Author: yosefardi.com

Latest on the Troubled Fikasa Group

The Salim siblings, children of the late Kayo Salim (patron of Fikasa Group), have been found guilty by the Pekanbaru District Court for being proven guilty of investment fraud earlier this year. Assets related to the convicts...

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Nasdem: Loss and Gain

Two pollsters found that the electability of Nasdem Party, a political party led by media mogul Surya Paloh, increased significantly after the Party nominated Anies Baswedan as presidential candidate. Media outlets, meanwhile,...

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Corporate 9M/22 Results

Midi Utama Indonesia (MIDI), operator of Alfamidi stores, booked net profit of Rp309 billion in the first nine months (9M) to September of 2022, grew 57.6% year on year (y/y), as revenues grew 10% y/y to Rp11.5 trillion, and...

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Corporations to Watch

State steel producer Krakatau Steel (KRAS) plans to launch the initial public offering (IPO) of its unit or subsidiary (PT Krakatau Sarana Industri) and to launch the rights issue, offering new shares, in 2023. KRAS’...

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Aseana Controls ABDA

General insurance firm Asuransi Bina Dana Arta (ABDA) announced on Tuesday (November 29) that Aseana Insurance Pte. Ltd has completed the mandatory tender offer for 47.1 million ABDA shares, representing 94.77% of ABDA’s...

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Paloh’s Effort

Nasdem Party, a political party led by media mogul Surya Paloh, finally gave its support for the Bill on the revision of the New Capital City Law (UU IKN) No. 3/2022 to be included into the 2023 National Priority Legislation (Prolegnas). The Bill was proposed by President Joko “Jokowi” Widodo, and previously Nasdem was the only member of the ruling coalition that decided to abstain.

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Commodities: Looking good for Indonesia

WTI crude recovered to US$77.4 per barrel in Asian trading this morning on news about production cut, but the commodity has fallen nearly 10% in the past 30 days, which is good for Indonesia. On the other hand, thermal coal surged 8.8% to US$380 per ton, a very profitable price for Indonesia, the world’s largest exporter.

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What’s Next for General Andika?

The Military Commander (Panglima TNI) will soon end his term. He will be replaced by Admiral Yudo Margono, the current Navy Chief of Staff (KSAL). It leads us to another question about the future of Andika. What will the General do next after retiring from the military?

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