President Joko ‘Jokowi’ Widodo has on Monday (June 19) suspended implementation of five-day school per week following protest from leaders of Nahdlatul Ulama, the largest Moslem organization in the country. PP Muhammadiyah, the second largest Moslem organization, however, expects the President to proceed with the policy issued by minister of education Muhadjir Effendy.
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Inas N Zubir, lawmaker in the House Commission VI from Hanura Party (led by Oesman Sapta/Wiranto) recently criticized Enggartiasto Lukita, minister of trade, who is politician from NasDem Party (led by Surya Paloh), for his reluctance in disclosing owners of PT Pasar Komoditas Jakarta (PKJ), a company appointed to organize trading of raw sugar in Indonesia.
Read MoreReliability of electricity supply in North Sumatra and Aceh has increased with early commercial operation of 240 MW marine vessel power plant (MVPP) in Belawan, North Sumatra. The additional capacity entered the system on June 15, lifting overall supply to 2,223 MW, higher than peak load of North Sumatra (1558 MW) and Aceh (355 MW).
Read MoreShares of cocoa processor and forestry company PT Bumi Teknokultura Unggul (BTEK) Tbk declined further by 1% to Rp910 Monday (June 19). That means the stock already lost 26% its value year-to-date and 41.3% from its peak. Investors responded negatively BTEK’s poor performance in the first quarter.
Read MoreA total of 25 Indonesian firms have been selected to be in Nikkei’s Asia300 index. This index now contains 316 companies that are listed in one of 11 Asian nations. The companies are selected based on market...
Read MoreSCG Building Materials Co. Ltd. mulls to seek strategic investors for divesting 4% shares in ceramics producer Keramika Indonesia Asosiasi (KIAS). SCG Building Materials Co. Ltd. became the controlling shareholder for KIAS since...
Read MoreShipping and shipyard company Soechi Lines (SOCI) decided to postpone its bond issue plan worth US$300 million as the market condition does not support. The Company has actually offered its bond in June 13, 2017. SOCI booked net...
Read MoreTelco tower provider Tiphone Mobile Indonesia (TELE) plans to refinance its debt worth Rp2.5 trillion. It intends to extend the maturity of debt to 2020 for its syndicated bank loan. TELE obtained Rp2.5 trillion loan facility in...
Read MoreBank Rakyat Indonesia (BRI) mulls to issue bond in the second half of this year, targeting to raise Rp5 trillion inline with its plan to revise up lending target. BRI has its bond issue program for Rp20 billion value, and it has...
Read MorePT Megapower Makmur has set its IPO price at Rp200, to raise total proceeds of Rp49 billion. It will offer 245.1 million shares through the initial public offering (IPO), representing 30% of its total issued and paid-up capital....
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