Bank Rakyat Indonesia (BRI) will accelerate the migration of its ATM network and operating units to BRIsat, the company’s satellite that was launched on 20 June 2016. Indra Utoyo, Director of Digital Banking and Technology...
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A month has passed since the Food Task Force (Satgas Pangan) raided the warehouse owned by PT Indo Beras Unggul (IBU) in Bekasi on suspicion of fraud. The National Police’s Criminal Investigation Unit (Bareskrim) named a suspect on August 2, 2017, but afterwards we didn’t hear much. Until on August 25, 2017, when the Bareskrim held a case reconstruction and said they would soon name a new suspect. We are still waiting for updates. Beyond the progress on the case, the Permendag No. 47/M-DAG/PER/7/2017 (which was a central piece of the rice mixing case) was cancelled only a few days after the case was made public and the Ministry of Trade has come up with a new regulation on the selling price for three types of rice.
Read MoreThe Ministry of Transportation issued Minister Regulation (Permenhub) No. 26/2017 to revise the Permenhub No. 32/2016 on the management of transportation not registered on any routes. The Permenhub 26/2017 served as the legal basis for mobile-applications-based transportation services. But the regulation was challenged by six individuals who filed for a judicial review to the Supreme Court and apparently, on June 20, 2017, the judicial review was granted.
Read MoreLast week, the Supreme Court (MA) revoked the regulation for application-based taxi operators, issued by the Ministry of Transportation in April 1, 2017 (Permenhub Number 26 Year 2017). The revocation will be effective in three years.
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President Joko “Jokowi” Widodo has expressed his disappointment in the Transportation Ministry’s Director General for Sea Transportation Antonius Tonny Budiono, who’s arrested for his alleged involvement in bribery. The pressure is also on Minister of Transportation Budi Karya Sumadi for the scandal in his ranks. Will this lead to a cabinet reshuffle?
Read MoreIndonesia’s Energy and Mineral Resources Ministry (ESDM) will revise the Minister Regulation No. 8/2017 on the gross split scheme. The Vice Minister of ESDM Arcandra Tahar said that the decision to revise the Minister of ESDM Regulation No. 8/2017 was made following an evaluation that considered the input of oil and gas contractors.
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President Joko ‘Jokowi” Widodo has commented on the Police’s crackdown on the Saracen Group, an online “syndicate” accused of fabricating and spreading hoaxes for money. Talking to the press on the sidelines of an event on Sunday (August 27), the President said that he had ordered the National Police to thoroughly investigate the Group, and more importantly to reveal the users of their service. The President referred to the group as an organized crime syndicate whose existence endangered the unity of the Republic.
Read MoreIndonesia has quietly become second largest exporter of alumina to China. In the first seven months of 2017, Indonesia’s export skyrocketed to 381,277 tons, more than half of Australia, whose export to China fell significantly by 40% in the corresponding period.
Read MoreDesy Sulistio Hidayat (Siem Giok Hwa), considered key person behind transformation of Sido Muncul (SIDO) from a small-scale producer of traditional herbal drinks (jamu) into Indonesia’s market leader for herbal products, has passed away Thursday. She leaves behind five children and 13 grandchildren, who are mostly working in Sido Muncul.
Read MorePT Mulia Pacific Resources, subsidiary of IDX-listed PT Central Omega Resources Tbk (DKFT), has secured recommendation for export of low-grade nickel ores from ministry of energy & mineral resources recently. DKFT also awaits similar recommendation for its other subsidiary PT Itamatra Nusantara.
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