Recent Articles

Jokowi-Ma’ruf & 2019 Race

A day after the General Election Commission (KPU) declared President Joko “Jokowi” Widodo and Prabowo Subianto as presidential contenders, the President attended the reunion of the Gadjah Mada University (UGM) alumni and then, he went to Bali to officiate the opening of the long-awaited Garuda Wisnu Kencana (GWK) statue. Jokowi’s running mate KH Ma’ruf Amin, meanwhile, resigned from his position as the supreme leader (Rais Aam) of the Nadhlatul Ulama (NU). KH Miftachul Akhyar is his replacement.

Business

Trans-Sumatra & Hutama Karya’s Financials

The government initially proposed capital injection of Rp12.5 trillion to state EPC firm Hutama Karya in the State Budget 2019. The House of Representatives (DPR), however, might agree on a lower amount with some implications to the trans-Sumatra toll road program, especially those in early stage of development.

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Govt Invites More Investment from Singapore in Kendal

Minister of Industry Airlangga Hartarto invited Singapore investors to invest more in the Kendal Industrial Park (KIP) in Central Java. President Joko Widodo and Prime Minister Lee Hsien Loong, had in August 2016 inaugurated the...

Noble Corp Purchases Of Newbuild Jackup

Noble Corporation plc announced the purchase of a new Gusto MSC CJ46 design jackup rig from the PaxOcean Group (PaxOcean) in connection with a concurrently awarded drilling contract. Noble paid $33.75 million of the $93.75...

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Profiles

People on the Move

The government has appointed Jusman Syafii Djamal, former minister of transportation (2007-2009), as new chairman of state-owned railway operator PT Kereta Api Indonesia. Jusman is also listed chairman of flag carrier PT Garuda Indonesia Tbk (GIAA) and some other companies, including those in private sector.

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