Bahlil & Conflict of Interests
Five months ago, The Corruption Eradication Commission (KPK) has examined Hasyim Daeng Barang, director for mineral and coal downstream industry at ministry of investment related to the issuance of mining permits in the North Maluku province. This is a follow up of investigation into bribery case implicating the disgraceful North Maluku governor Abdul Gani Kasuba, who mentioned about involvement of Bobby Nasution (son-in-law of Jokowi) in nickel concession there.
Pressures on Peter Sondakh (3)
Some continue to wonder whether Felda will be able to execute the SIAC rule, which requires Peter Sondakh’s Rajawali Corpora to buyback shares in plantation firm Eagle High (BWPT) for US$678 million when most of his assets performed rather poor so far this year.
Hamzah Haz Passes Away
2024 has been an unfortunate year for the Islamic party PPP. The Party failed to pass the parliamentary threshold in the 2024 legislative election and consequently they will be excluded from the House of Representatives (DPR) for 2024-2029 period. On Wednesday (Jul. 24), former Chairman of PPP Hamzah Haz, who once served as Vice President (VP) during Megawati Soekarnoputri’s presidency from 2001 to 2004, passed away at 84 years old.
Lalu Muhammad Iqbal
What a birthday gift for Lalu Muhammad Iqbal from president elect Prabowo Subianto. Prabowo, in his capacity as supreme leader of Gerindra Party, issued a ticket for Iqbal to run as governor of West Nusa Tenggara (NTB) in this year’s election.
Free lunch & Prabowo’s Inner Circle
Free lunch and milk is signature program from the upcoming Prabowo-Gibran administration. Pretty much like Jokowi’s new capital city (IKN) Nusantara, the free lunch and milk will become the single largest project in the next five years. More than US$4 billion have been set aside from the State Budget for the first year of the program.
Changing guards
Didit Hediprasetyo, the only son of president-elect Prabowo Subianto, has been involved in high-fashion and haute couture for decades. His father will be sworn in as president on October 20, 2024, but Didit has been centre of gravity for quite sometime now.
Pressures on Peter Sondakh (2)
Singapore International Arbitration Center (SIAC) has ruled in favour of Felda-owned FIC Properties Sdn Bhd in the company’s second attempt to exercise the put option to sell its 37% stake in PT Eagle High Plantations Tbk (BWPT) back to the Rajawali Group, The New Strait Times reported on Friday (June 28). What Peter Sondakh’s Rajawali Group will do next?
Pressures on Peter Sondakh
The Singapore International Arbitration Center (SIAC) is expected to announce its verdict on the arbitration lawsuit filed by FIC Properties Sdn Bhd, unit of Malaysia’s FELDA, against the Rajawali Group, a diversified business group controlled by Indonesian tycoon Peter Sondakh.
Erick’s future
President elect Prabowo Subianto met leaders of political parties within his ruling coalition on Thursday (Jun 20) in Jakarta. They were Airlangga Hartarto (chairman of Golkar Party), Agus Harimurti Yudhoyono (Democratic Party), Zulkifli Hasan (PAN), and Anis Matta (Gelora). Leaders of other coalition members, including Kaesang Pangarep (PSI, son of outgoing president Jokowi), were not there.
Tanri Abeng passes away
Tanri Abeng, former minister of state-owned enterprises and chairman of state oil and gas company Pertamina, has on Sunday (June 23) passed away in Jakarta at 82 years old. Tanri and his children control Tason Holdings, which has interest in some business sectors, including oil and gas.