Shares of data center service provider DCI Indonesia (DCII) gained 0.71% Rp35,500 per share on Tuesday (April 23), to make market capitalization of Rp84.62 trilion, while its peer, Mora Telematika Indonesia (MORA), declined 0.4% to Rp456, to make market capitalization of Rp10.78 trillion.
Read MoreInvestors accumulated shares of giant coal Bumi Resources (BUMI) on Tuesday (April 23), lifting the stock price by 21.18% to Rp103, to make market capitalization of Rp38.25 trillion. This development followed report that BUMI intends to eliminating accumulated losses. BUMI will restructure its capital through a quasi reorganization plan.
Read MoreMooryati Soedibyo, the founder and owner of cosmetic company Mustika Ratu (MRAT) has just passed away at 96 years old. She married Soedibyo Purbo Hadiningrat in 1956, and the couple had children named Putri Kuswisnuwardhani, Djoko Ramiadji, and Haryo Tedjo Baskoro. Djoko is recently listed as President Commissioner, while Haryo is listed as Commissioner of MRAT.
Read MoreIn mid 2022, the investigation into allegations of corruption at the root of the problem which caused the cooking oil shortage and price surcharge developed after the Attorney General’s Office (AGO) announced that it had named three groups of companies as suspects. However, until now there are still many questions remaining, especially regarding the Government’s responsibility. The companies tried to file a State Administrative lawsuit against the Minister of Trade soon after and received interesting decisions. This week, the companies once again tried their luck and filed for different lawsuits to the Central Jakarta District Court.
Read MoreThe Panel of Judges of the Commercial Court at the Central Jakarta recently decided to denied the PKPU lawsuit filed by PT Bukaka Teknik Utama Tbk (BUKK) against PT Waskita Karya (Persero) Tbk (WSKT), that was the third PKPU lawsuit filed by Bukaka within only a year. Waskita Karya announced the decision and had mentioned that the lawsuit did not affect the company’s operation. But the good news did not last long as new PKPU lawsuits were filed just days after that.
Read MoreWest Java, the largest province in Indonesia, is home to the supporters of the President-elect Prabowo Subianto. Prabowo always won by a landslide in West Java in the last three presidential election. In the 2024 presidential race, Prabowo secured more than 16 million votes, therefore he will likely want his guy to win the West Java gubernatorial election that will be held this year on Nov. 27. But who will be nominated by Prabowo’s party, Gerindra, as West Java governor candidate? Will the nominee has a chance at winning the West Java gubernatorial election?
Read MoreThe gubernatorial election in Jakarta that will be held this year simultaneously with the other regional elections across the archipelago is truly interesting to watch in relation to the dynamics between political parties and the President-elect Prabowo Subianto, and the outgoing President Joko “Jokowi” Widodo. In that regard, it is also interesting to see that the Islamic party PKS, the winner of the 2024 legislative election in Jakarta and member of Anies-Muhaimin’s coalition in the 2024 presidential race, is reluctant to endorse Anies for the Jakarta’s 2024 gubernatorial election.
Read MoreThe much anticipated general election results dispute (PHPU) ended with the expected outcome. The Assembly of Justices of the Constitutional Court is of the opinion that the petitions in both lawsuits are legally groundless in their entirety and thus strengthen the position of Prabowo Subianto and Gibran Rakabuming Raka as winners of the 2024 election. This decision was not unanimous as there were three Justices who expressed dissenting opinions. However, there is something else that interests us, namely how arguments about nepotism can give rise to new problems in the future.
Read MoreThis year will be the last year for the Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia (Satgas BLBI) to complete their duty. Despite continuing to give pressures and succeeded in forcing several obligors to repay their obligations, there was still resistance from many parties, one of them is Samadikun Hartono. Samadikun, who is part of the Modern Group family, recently filed a civil lawsuit against the Satgas.
Read MoreMalaysian palm oil futures were around MYR 3,920 per tonne, slipping for the seventh straight session while hitting their lowest level since early March due to expectations of higher production in Q2 of 2024 as weather...
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