Author: yosefardi.com

FREN v. Kominfo of Communication and Informatics

In December 2018, PT Smartfren Telecom Tbk (FREN) filed a lawsuit against the Kominfo of Communication and Informatics (Kominfo) and demanded the Kominfo to cancel the implementation of three letters. The court registry noted that they had declined the request on January 10, 2019. There was no information on the continuation of the examination of the lawsuit thereafter, but on February 12, 2019, FREN again filed a similar lawsuit against Kominfo.

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The Latest on the Corruption in Central Kalimantan

The trial of the suspects of corruption involving PT Binasawit Abadi Pratama (BAP) and several members of the Central Kalimantan Regional Representative Council (DPRD) continues. The latest hearing was held on January 13, 2019, from which we learned that the graft began with “initiatives” from the DPRD.

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Update on Property

Property developers remain optimistic with their growth prospects this year as the people’s purchasing power improves. Pollux Properti (POLL) focuses on boosting its recurring income by acquiring 23% shares of Royal Royce Properties (RRP) that operates malls, hotels, and apartment in Semarang, Central Java.

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Revisiting Kirana Megatara

Shares of Kirana Megatara, one of the largest natural rubber processing companies in Indonesia, declined 0.56% to Rp358 per share on Wednesday (Feb 13), but gaining 34.6% so far this year. Investors were confident with this stock as the Company expanded its business

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Market Snapshots

Global markets extended gains on Wednesday (Feb. 13) amid hopes for a resolution in a prolonged trade spat between the United States (U.S.) and China. President Donald Trump said on Tuesday that he could let the March 1st...

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Geely Sales Grows 2% in January 

Geely Automobile Holdings Limited’s total sales volume for the month of January 2018 reached 158,393 units, a record high. The figure increased 2% over the same period last year and up approximately 70% from December 2018....

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Data Center Regulation Controversy

In mid January, we reported that the Ministry of Communication and Informatics (Kominfo) had been working on revising the Government Regulation No. 82/2012 on Electronic System and Transaction (RPP PSTE), and that the Ministry was discussing the draft with the State Secretariat (Setneg). Professional associations have since reacted strongly against the draft.  

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