Author: yosefardi.com

Indonesia National Police VI

The Indonesia National Police (POLRI) has a budget of 15 trillion rupiah out of their 44.9 trillion rupiah overall 2014 budget for the procurement of facilities, equipment, and other assets. But outside of this budget POLRI has also planned to procure facilities and equipment using export credit scheme. Some have questioned the necessity of this out of budget spending.

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Market Snapshots & Corporate Actions

Positive sentiment from global and regional markets could affect trading mood on Indonesia Stock Exchange (IDX) today. Asian stocks opened mostly higher to tracking Wall Street, where Dow Jones Industrial Average (DJIA) and Nasdaq composite ended significantly higher by 1.22% and 1% Tuesday. In this report: Partnership between Garuda and Salim Group, Adhi Karya, Kalbe Farma, Central Omega Resources, and Eureka Prima.

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Gerindra Party: The Lawmakers

Gerindra Party deserves more attention considering the fact that surveys from various polling agencies placed the party as one of the next Big Three political parties at the House of Representatives (DPR). Furthermore, Gerindra’s patron leader retired army general Prabowo Subianto is the strongest potential presidential candidate after Jakarta Governor Joko “Jokowi” Widodo. We’ve talked about their business networks and connections. Today, we’re going to talk about their legislative candidates.

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Yusril + Sukanto Tanoto & Political Changes (Part II)

Yusril Ihza Mahendra and Sukanto Tanoto have both sailed through five presidents with ups and downs, friends and nemesis in politics and business. Yusril was speech writer of then president Soeharto. Sukanto’s business was also flourished during Soeharto years. They were both ‘inner circle’ of then president Megawati Soekarnoputri.

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Yusril + Sukanto Tanoto & Political Changes

Former minister of law and human rights Yusril Ihza Mahendra has been appointed legal advisor by Asian Agri, a company controlled by tycoon Sukanto Tanoto. Asian Agri is trying to challenge the court’s ruling, which forces the company to pay more than US$200 million in fines for the alleged tax evasion case. This case is interesting from both legal and political perspective.

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Legislative Update: DPR Passes Trade Bill

The Indonesian House of Representatives (DPR) passed and sent to President Susilo Bambang Yudhoyono the long-anticipated trade bill that sets the tone for Indonesia’s trade policy in the future. The President will sign the bill in the near – perhaps within the next couple of weeks given the magnitude of the bill and the fact that this year is campaign year.

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PDI-P & The Idea of A Coalition (Part II)

At the 2012 Jakarta gubernatorial election, PDI-P partnered with Gerindra and paired Joko “Jokowi” Widodo (PDI-P) with Basuki “Ahok” Purnama (who jumped ship from Golkar to Gerindra to participate in the race). Balance of power was not a consideration in the partnership. At the time, PDI-P had 11 seats (11.7 percent from the total 94 seats at the DPRD Jakarta) and Gerindra had 6 seats (6.4 percent). Both joined hands to pass the minimal requirement of 15 percent of DPRD seats to nominate their candidates.

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PDI-P & The Idea of A Coalition (Part I)

Whether or not PDI-P will establish a coalition after the legislative election is one of the hot topics discussed in town. This is because a lot of people are already wondering about possible formations of the future cabinet; something the composition of a coalition would influence. There are those, like myself, who believe that forming a coalition carries more risk than good. But others argue that, like it or not, PDI-P must form a coalition.

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Corporate Results & Actions

Regional markets opened mostly in positive, but in narrow range, this morning. Domestic market, meanwhile, braces for Bank Indonesia’s benchmark interest rate decision and corporate results for 2013 of blue chip companies. In this report: OCBC-NISP, Sinarmas-Bakrie, Aneka Tambang-Freeport, and Medco’s Sarulla Geothermal.

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