Author: yosefardi.com

Shamanism and 2014 Election

Some people would look at Indonesians’ love of gadgets, technology consumption patterns, and social media utilization rate as indicators of the country’s modernity. But that’s only one dimension of Indonesia. Access to technology does not always mean departure from antiquated traditions or beliefs. Some Indonesians still believe in mysticisms and consequently the power of shamanism. We have covered this topic in relation to consumerism before. But today, we’ll look into the role of shamanism in politics, especially in relation to the politics of 2014.

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Lawmaker Candidates from Business Sector (VII)

Surya Paloh, chairman of NasDem Party, nominates his own son Prananda a lawmaker candidate in North Sumatra I election area. Megawati Soekarnoputri’s PDI Perjuangan, meanwhile, nominates dr Sofyan Tan, chairman and CEO of some companies, in this area (consisted of Deli Serdang, Serdang Bedagai, and Kota Tebing Tinggi).

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Palm Oil Journal No 05/2014: Down South

Shares of plantation companies ended mostly lower ground in the region Tuesday (Jan 28) as crude palm oil (CPO) dropped further to its new low in the past two months. Wilmar International lost 1.27% in Singapore, while Felda Global conceded another 1.2% in Kuala Lumpur. In Jakarta, Astra Agro and BW Plantation regained grounds, but others were mostly in red.

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Coal Journal No 7/2014: Another ‘Deal’ at Darma Henwa

Newcastle Port, the largest coal exporting terminal in the region, shipped out 3.07 million tons of coal in the week ended January 27, grew 13.7% from the previous week. Overall the port was busier, which might lead to higher volume of shipment this week. In the meantime, Delta Dunia Makmur (DOID), parent of mining contractor BUMA, reported 23% decline of production in December 2013. Also in this report: Adaro Energy and Darma Henwa-DRG deal.

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New Generation of Leaders: Ignasius Jonan

Here are some of the adjectives that people have used to describe him: stubborn, temperamental, and rude. And yet he is arguably the best Chief Executive Officer (CEO) of a state-owned enterprise in the past three years. So much so, his work has gotten people to wonder about the possible coming of the Golden Age of Indonesian trains. Some have even considered him to be the most competent candidate to head the Ministry of Transportation. And then there are those who consider him to be one of the best candidates to becoming Jokowi’s running mate in July’s presidential election. He is Ignasius Jonan, the Chief of state-owned railway company (PT KAI).

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A Litmus Test for Jokowi

We all know by now that the Governor of Jakarta, Joko “Jokowi” Widodo, is the man of the hour. He’s that great of a magnet that foreign media too are interested in covering his activities. A few days ago journalists from France 2 followed the Governor around town, and then before that Haslinda Amin of Bloomberg interviewed him during his now-iconic field visits (locally referred to as blusukan). The Governor was also covered by the New York Times. This is just to mention the few big ones. But are we giving him too much credit? Will he be that great leader that some people think he could be?

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Market Snapshots & Corporate Actions

Composite index of Indonesia Stock Exchange (IDX) opened lower by 0.63% Tuesday (Jan 28) morning even though some peers regain grounds in Asia. Blue chip stocks continue to drag down the index led by Perusahaan Gas NEgara (PGAS), which opened lower by 2.4%. Also in this report: Bumi Serpong Damai, Indofood, BW Plantation, and Protelindo.

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Mental Health and 2014 Politics.

The motivations of politicians participating in the 2014 election, vying for a seat in the House of Representatives (DPR), may not always be something obvious to us. There are those who are genuinely seeking to serve the country, and then there are those who are perhaps seeking for more income opportunities. Those of the latter would be willing to “invest” a lot of money for a future of rent seeking. The question is, from where did they get the money? If it’s not all theirs, what would happen if they lose the competition?

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Oil & Gas Graft Scandals: Vying for Record

The bribery case implicating former senior deputy governor of Bank Indonesia Miranda S Goeltom and lawmakers might hold the record of number of people convicted and jailed: 30, including Miranda and Nunun Nurbaeti (wife of former deputy police chief Adang Daradjatun). How many will be jailed in bribery scandals emerged out of the arrest of Rudi Rubiandini, former chief of SKKMigas?

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Millenium Danatama Group & China Bearing RTO

China Bearing Singapore Ltd ended lower by 5.26% Monday (Jan 27) on broad market sentiment while Indonesian business group kicked off a reverse-take-over (RTO) of the company. The RTO will transform China Bearing into a mining company with assets in Indonesia and add more Indonesian mining assets on the stock exchange of Singapore amidst efforts from Indonesia Stock Exchange (IDX) to ease listing requirements of mining companies.

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