Author: yosefardi.com

Minister of Fisheries and Maritime Affairs Susi Pudjiastuti

Someone in Indonesia has a Sikorsky helicopter parked in her private hangar, and that person is Susi Pudjiastuti, the new Minister of Fisheries and Maritime Affairs. The media quickly zoomed in on the 49-year old businesswoman for all the wrong reasons: the fact as a junior high drop out, and the tattoo on her right leg. But Susi is more than what the media circus made her to be. This is the Susi Pudjiastuti that we know.

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Q3 RESULTS: Timah, BSD, & Sekar Laut

Shares of PT Timah (TINS) Tbk, the world’s second largest tin producer, opened higher by 1.72% this morning as investors responded positively the Company’s performance in nine months of 2014. Property giant Bumi Serpong Damai (BSDE), meanwhile, opened lower by 1.6% despite 49% growth of net profit to Rp3.2 trillion in the period.

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Minister of Social Affairs Khofifah Indar Parawansa

The new Minister of Social Affairs Khofifah Indar Parawansa is a Muslim activist from the largest Islamic organization in the country the Nahdlatul Ulama (NU). But first and foremost, Khofifah is a seasoned politician. She has been involved in Indonesia’s political scene ever since the Soeharto’s administration in the early 90s.

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Retail in Q3: Less Chicken, More Fashion….

PT Fast Food Indonesia (FAST) Tbk, operator of Kentucky Fried Chicken (KFC) factory outlet, reported slower growth in third quarter. Matahari Department Stores (LPPF), meanwhile, posted stronger growth in the quarter, when Indonesians celebrated Lebaran and school holidays.

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The House of Opposition

The Red-and-White opposition (famously known as the KMP) has succesfully taken control of the leadership of the House of Representatives (DPR) working commissions and parliamentary bodies altogether known as the AKD (Alat Kelengkapan Dewan). The Great Indonesia ruling coalition (KIH), meanwhile, stepped up their fight for fair representation by appointing their own version of the DPR leadership. And so the DPR continues to be deeply divided.

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PALM OIL JOURNAL: Astra Agro, LSIP & Salim Ivomas

The benchmark January 2014 contracts of crude palm oil (CPO) advanced more by 2% Wednesday (Oct 29) to settle at RM2263 per ton. That means the commodity has gained 16% from its bottom few weeks ago. Combined with weak rupiah, the commodity hiked to Rp8665/Kg (VAT 10% included) in Jakarta’s physical market yesterday.

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Work, Work, Work!

President Joko “Jokowi” Widodo and his cabinet have been working like mad. Yesterday, the President visited the emergency shelter for those affected by the Mount Sinabung eruption in North Sumatera. Without much do consideration to protocols, the President focused on listening to what victims had to say. The surprising part? For all of the complaints the people conveyed, President Jokowi was ready with a solution. Problem solved. Jokowi’s cabinet members have also been moving in full speed by taking crucial decisions. Here’s what some of them have done.

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COAL JOURNAL: Borneo Lumbung and Bukit Asam

The troubled coking coal producer Borneo Lumbung Energi (BORN), controlled by Samin Tan, booked net loss of US$170 million in the first half of 2014, expanded 53% from the corresponding period of 2013 on falling volume and prices of coking coal. Also this report: Garda Tujuh Buana (GTBO) and Bukit Asam (PTBA).

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Coordinating Minister for Politics, Law & Security Tedjo Edhy Purdijatno

The position of Coordinating Minister for Politics, Law & Security is the position traditionally given to someone from the military. So it wasn’t a surprise that President Joko “Jokowi” Widodo appointed retired Admiral Tedjo Edhy Purdijatno to the position. Other names, such as, Gen. (ret) Wiranto and Gen. (ret) Luhut Pandjaitan were previously mentioned as candidates for the position. They’re strong names. So the question is, why Tedjo Edhy?

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9M Results: Hike in Bad Loans

Some banks reported significant jump in loss category loans in nine months of 2014 due to softening of economy, falling rupiah, and global sentiment. Doubtful loans at Bank CIMB-Niaga, for example, skyrocketed from Rp386 billion to Rp1.92 trillion in 12 months to September 2014.

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