Jokowi-Kalla administration seems determined to boost toll road development in the country. The toll road authority (BPJT) has just kicked off tender for the development of four new toll roads in Java with total length of 218 KM. In the meantime, toll road projects in Sumatra Island continues to show significant progress of physical construction.
Read MoreThe Speaker of the House of Representatives (DPR) Ade “Akom” Komarudin (Golkar) told the press that the DPR would pass the revised 2016 budget (RAPBN-P) and the Tax Amnesty Bill into laws in the plenary session scheduled for Tuesday, June 28. The DPR Commission VI, moreover, has approved of the capital placement for 20 state-owned companies (SOEs). These are good news for President Joko “Jokowi” Widodo. But nothing’s free in politics. So the question now is what, if any, did Jokowi give away to secure said wins in the parliament?
Read MoreBrent crude oil responded negatively UK’s decision to leave European Union with 3.83% fall to US$49 per barrel Friday (June 24), while WTI light sweet crude fell to US$48.2 per barrel. Metals, however, were mixed with gold gaining 4.3% to US$1315 per ounce, while aluminium down 0.53%.
Read MorePT United Tractors Tbk (UNTR) reported mixed operational performance last month. The coal mining contracting subsidiary Pamapersada Nusantara produced 8.7 million tons of coal, grew 12.98% from April, and overburden removal rose 10.6% in the month.
Read MoreOn June 23, 2016, the Corruption Court of Central Jakarta District Court held the inaugural hearing on the case of corruption implicating the President Director of PT Agung Podomoro Land Tbk (APLN) Ariesman Widjaja and his aide Trinanda Prihantoro. Both men were charged with bribing the member of the Jakarta Regional Representatives Council (DPRD Jakarta) Mohamad Sanusi. Neither Arisman nor his aide raised any objection in the hearing.
Read MoreOil and gas firm PT Medco Energu Internasional Tbk (MEDC), owned by Arifin Panigoro, is en route to controling 76% stake in PT Newmont Nusa Tenggara (NNT) valued at US$2.2 billion, equivalent Rp30 trillion. The company is now in talks regarding this transaction. The big question remains as to whether Medco/Panigoro will get significant banking loans to finance a bigger slice of ownership in the future of NNT.
Read MoreThe Corruption Eradication Commission (KPK) is intensively pursuing additional criminal charges for graft suspects, particularly in a move to revoke their political rights. But what is the legal basis in providing this additional penalty? What’s the track record in the courts when faced with the request to revoke a defendant’s political rights?
Read MoreAs predicted, Comr. Gen. Tito Karnavian passed the House of Representative (DPR)’s fit-and-proper test smoothly. The DPR’s Commission III, by way of acclamation, decided to accept Tito’s nomination to serve as the chief of the National Police (POLRI). A recommendation to confirm Tito’s nomination will be presented at the DPR’s plenary meeting to be held on Monday, June 27. In the meantime, rumours and speculations have begun to circulate on who will be Tito’s second-in-command and who will be promoted into the other strategic POLRI leadership positions following Tito’s rise to power.
Read MoreGlobal share markets swung lower and sterling tumbled in Asia on Friday as early results from the UK’s vote on European Union membership proved unnervingly close, sparking a wave of profit-taking across risk assets, Reuters reported.
Read MoreWhat is politics without rumors and speculations? The nomination of Comr. Gen. Tito Karnavian to serve as the chief of the National Police (POLRI) has been made lively by the rumor that the current deputy chief of POLRI Comr. Gen. Budi Gunawan, who the ruling party PDI-P wished would be the next chief of POLRI, would get the consolation prize of being appointed as the new chief of the National Intelligence Agency (BIN) to replace Sutiyoso. What are the odds?
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