Author: yosefardi.com

Jakarta Election: Security Concern

Posted by | Apr 18, 2017 | ,

One of the questions we’ve received in connection to the development of the Jakarta gubernatorial race is whether the voting day (tomorrow April 19) will run smoothly and safely. It is understandable that people are asking such a question given the intensity of the election, as we’ve witnessed ourselves, with the barrage of black campaigns. And then there are rumors of people from outside of Jakarta coming into Jakarta to monitor voting in polling stations (TPS), in addition to rumors that chaos would befall the capital if the incumbent Governor Basuki “Ahok” Tjahaja Purnama and his running mate Djarot Saiful Hidayat wins the election.

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Banking Results & Corporate Actions

Posted by | Apr 18, 2017 |

Improving macro economic indicators and banking sector benefit some banks as they reported better earnings for the first quarter (Q1) of 2017. The said macro indicators include 5% economic growth momentum, commodity price recovery (supporting private sector investment), adequate foreign reserves and stable exchange rate (rupiah), also low interest rate and inflation that improved public confidence.

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IPO to Watch: Cahayasakti Investindo Sukses

Posted by | Apr 18, 2017 |

On Monday (April 17), Cahayasakti Investindo Sukses (CSIS), member of Olympic Group, kicked off its initial public offering (IPO) for 207 million shares, representing 15.84% of its total issued and paid-up capital. The IPO prices is set at a range of Rp650 and Rp960 per share, to raise total proceeds of Rp134.55 billion to Rp259.20 billion.

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March Trade Surplus $1.23 billion

Posted by | Apr 17, 2017 |

Indonesia booked trade surplus of US$1.23 billion in March 2017, thanks to 23.55% growth in export (year-on-year) while import increased by 18.19%. Non oil and gas sector contributed US$2.02 billion. For Jan-Mar 2017 period,...

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Motorcycles Sales Down 7.34%

Posted by | Apr 17, 2017 |

National motorcycles sales fell 7.34% to 1.4 million units in first quarter of 2017, from 1.5 million units sold in the same period of last year. In March, motorcycles sales declined 16% to 473,869 units, from 563,341 units sold...

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On Bakamla’s Corruption Case: A New Suspect

Posted by | Apr 17, 2017 |

The trial of the suspects of the Maritime Security Agency (Bakamla) bribery case continues. An important testimony was given by Bakamla’s Head of Office for Marine Perils Information Management Col. (Navy) (Ret.) Arief Meidyanto. Outside of the trial, the KPK named a new suspect..

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Positive Data on the Economy

Posted by | Apr 17, 2017 |

The Central Bank (Bank Indonesia/BI) will today release the balance of trade data for March 2017. It is expected to record further surplus. Indonesia’s trade balance recorded a surplus of US$1.32 billion in February 2017, lower than that in January of US$1.43 billion. Such lower surplus is attributable to the increasing deficit in oil and gas trade balance, exceeding the increase in the non-oil-and-gas trade balance surplus.

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Development on the E-KTP Graft Case

Posted by | Apr 17, 2017 |

The trial of the two defendants in the electronic identity cards (E-KTP) graft case continues. The Corruption Court of the Central Jakarta District Court listened to the statements and testimonies of the individuals with the knowledge on the “Fatmawati Team” last week.

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Jakarta Election, Prabowo, and Kalla

Jakarta Election, Prabowo, and Kalla

Posted by | Apr 17, 2017 |

For the Chairman of the Gerindra Party Prabowo Subianto, a victory for the pair Anies Baswedan and Sandiaga Uno in Jakarta’s 2017 gubernatorial race is crucial to his plan to enter the 2019 presidential race. With Anies–Sandi in control of the capital city, Prabowo would presumably have a bargaining position vis-a-vis President Jokowi. Furthermore, Anies would become a viable running mate for Prabowo. With Sandi to take over the leadership of Jakarta, it the perfect scenario for a complete control. But Prabowo is not the only one to benefit from such a scenario.

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