The dollar index stabilized above 105 on Tuesday as investors continued to assess the outlook for Federal Reserve monetary policy in light of recent central bank commentary. New York Fed President John Williams stated that...
Read MoreMalaysian palm oil futures jumped over 1.5% to above MYR 3,920 per tonne, increasing for the second session in a row amid a weaker ringgit and sustained gains in soyoil due to potentially crop-damaging weather in Brazil and...
Read MoreThe RealClearMarkets/TIPP Economic Optimism Index in the US fell to 41.8 in May 2024, the lowest level in five months, from 43.2 in April and much worse than forecasts of 44.1. The Six-Month Economic Outlook, which measures how...
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Halmahera Tengah (Halteng) or Central Halmahera, one of resource-rich regencies in North Maluku province (home to Indonesia Weda Bay Industrial Park/IWIP) will elect its new regent and vice regent this year. The incumbent Regent Edi Langkara is looking forward to entering the 2024 North Maluku gubernatorial election. However, if Edi fails to get a ticket, he will likely seek for his second term in Halmahera Tengah.
Read MoreIndonesia’s economy remains resilient amidst increasing global uncertainty, but very difficult to move above six percent and way below the dream of seven percent annual growth of Jokowi. Data from the Central Statistics Agency (BPS) shows that economic growth in the first quarter (Q1) of 2024 was 5.11% year on year (y/y), an increase compared to growth in the previous quarter of 5.04% (y/y).
Read MoreShares of Bank Nationalnobu, controlled by Lippo Group, lost 3.9% to Rp740 on Tuesday (May 7) following report that Korea-based insurance firm Hanwha Life acquired a 40% NOBU shares earlier this month. At current price, NOBU is valued at Rp5.48 trillion.
Read MoreThe resource-rich province of North Maluku, one of the world’s largest nickel production centers (second largest in Indonesia), will hold a gubernatorial election this year. It’s worth noting that the two previous governors ended up in jail because of corruption, but it didn’t stop many figures to seek for the governor position. So, who will get a ticket to enter the 2024 North Maluku gubernatorial election?
Read MoreThe disgraced Supreme Court Justice, Justice Gazalba Saleh, who was supposedly involved in the allegation of case brokers that rocked the Supreme Court was acquitted by the Panel of Judges of the notorious Corruption Court at the Bandung District Court. There was nothing surprising because this is not the first time this court has acquitted a graft defendant. KPK tried to appeal, but the Supreme Court, unsurprisingly, decided in favor of the previous court decision. Gazalba Saleh is free once again, but not for long. KPK redetain Saleh several months later in another case of allegedly receiving grafts and committing money laundering. This week, Saleh faces trial, again.
Read MoreTowards the end of 2023, the Corruption Eradication Commission (KPK) officially announced the latest case of alleged corruption at the Directorate General of Customs and Excise (DJBC) and has named the former Head of the Customs and Excise Office in Yogyakarta, Eko Darmanto, as suspect. The disclosure of this case was part of the crackdown which also ultimately ensnared Andhi Pramono, the one who led the institution’s office in Makassar, South Sulawesi. Similar to Andhi’s case, Eko is trapped in his own habit of showing off his wealth. Eko will face trial soon.
Read MoreThe mayoral election in Makassar, the capital city of South Sulawesi province, is also truly interesting to watch. Mohammad Ramdhan Pomanto a.k.a Danny Pomanto, currently a politician from PDIP, is no longer able to run for a third term in Makassar and he is now seeking to enter the South Sulawesi gubernatorial election. Meanwhile, Munafri Arifuddin a.k.a Appi, the nephew of former Vice President Jusuf Kalla, will try his luck once again to re-enter the 2024 Makassar city election.
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