Author: yosefardi.com

Amendment of Mining Contracts

Energy and mineral resources minister Jero Wacik has on Friday (March 7) witnessed the signing of memorandum of understanding (MoU) for the amendment of six contract of works (COWs) and 19 coal contract of works (CCOWs). This is the result of almost three years of work from a team established by President SBY. How significant?

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PT Jakarta Propertindo

Governor Joko “Jokowi” Widodo and Vice Governor Basuki “Ahok” Tjahaja Purnama both have a big vision for Jakarta. To achieve their vision, the Jakarta administration must focus on infrastructure development. The pair knows that relying on the speed of bureaucracy will not get the much needed city infrastructure built on time. As such, they rely on the help of one of the city’s region-owned enterprise (BUMD) to speed things up. Today, we’ll talk about PT Jakarta Propertindo.

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Social Entrepreneurship: Indonesia Medika

Indonesia Medika (InMed) is a very young enterprise. The healthcare company was founded by Gamal Albinsaid, a medical student from Brawijaya University, Malang, East Java in 2010. But the company itself had only begun its operation in September 2013. InMed is best known for its award-winning Garbage Clinical Insurance program. We spoke to Gamal Albinsaid, the CEO of InMed, to give you a glimpse of his vision.

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New Constitutional Court Justices: Aswanto

In addition to confirming Wahiduddin Adams as the new justice of the Constitutional Court, the House of Representatives (DPR) also confirmed Aswanto. Both Wahiduddin and Aswanto will replace disgraced former chief justice Akil Mochtar and justice Harjono. Herein is the profile of soon-to-be-appointed justice Aswanto.

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New Constitutional Court Justices: Wahiduddin Adams

The House of Representatives (DPR) has confirmed Wahiduddin Adams and Aswanto as new Justices of the Constitutional Court. So, who are they? We’ve mentioned the background of both men briefly in our previous article on the list of justice candidates. In this occassion we’ll focus on providing you with a little more detail on the two confirmed justice candidates. Herein is a profile of Wahiduddin Adams.

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Market Snapshots & Corporate Actions

Asian stocks opened mostly in green, but in narrow range, this morning as Wall Street continues to reach new records. Commodities were mixed as Nymex crude oil stays below US$102 per barrel, while crude palm oil (CPO) ended higher Thursday, despite corrections midday. At home, rupiah continued to strengthen significantly, but might endanger the country’s effort to tame the current account deficit.

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Jordan Phosphate & Indonesian Ventures

Jordan Phosphate Mines Co Plc has just signed joint venture agreement with state-owned urea and ammonia producer PT Pupuk Kaltim Tbk for the construction of US$295 million factory in Bontang, East Kalimantan. Pupuk Kaltim, the largest producer of fertilizers in Indonesia, will be the main off-taker for products from the joint venture.

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Nursalim Family & Political Changes

The family of Sjamsul Nursalim controls some of Indonesian major companies including Gajah Tunggal (tire), Polychem Indonesia (petrochemicals), Mitra Adiperkasa (retail), KMI Wire (cable), and Equity Development (finance). The family, which controls Tuan Sing Holdings—a big property developer in Singapore, also owns some properties in Jakarta, Bali, and other areas in the country. What a political change means to the family’s business in Indonesia?

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Growing Interests in Manufacturing Sector (4): PBRX

Textile used to be Indonesia’s largest earner of hard currency. Higher labor costs and competition from China, Vietnam, Sri Lanka, etc, however, forced some Indonesian producers to give up export market. Some companies listed on Indonesia Stock Exchange (IDX) have even changed their business to palm oil or mining. Pan Brothers (PBRX) is one of few players staying in the business.

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Telkom Performance & Factors to Watch

Telkom (TLKM), the largest telecommunication carrier, booked net profit of Rp14.2 trillion last year, grew by 10.5% from 2012 on improved net profit margin. Like other telcos, Telkom reported significant slowdown in the last quarter of 2013, but managed to maintain a healthy profit margin. Going forward, there are lots of factors to watch!

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