Recent Articles
Everybody Wants a Piece of the Pie
PP Muhammadiyah, the second largest Islamic organization in Indonesia, is finally following the footsteps of the Nahdlatul Ulama (NU), the largest Islamic organization in the country, in accepting the odd policy issued by the outgoing President Jokowi, which allows a religion-based mass organization (ormas) to control special mining permit and or special mining concession (WIUPK). Muhammadiyah will announce its official decision tomorrow (Jul. 27) during its National Consolidation meeting held in Yogyakarta.
Business
Nickel-EV Journal
Shares of nickel miners were mostly under pressure Thursday (Jul 25) due to downfall of nickel prices related to persistent oversupply concern among market participants. The commodity was traded at US$15,817 per ton, down 7.26% from last month and lost nearly 26% from a year ago. In the first half of 2024, demand for primary nickel was helped by stainless steel, while EV batteries provided little incentives.
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Prabowo’s 2025 First Year Economic Growth Set at 5.1%-5.5%
The DPR RI Budget Body and the government have agreed on a target for Indonesia’s economic growth in the range of 5.1%-5.5% in 2025 or the first year of President-elect Prabowo Subianto’s government. In line with...
Freeport Has Concentrate Export Permit until the End of 2024
PT Freeport Indonesia (PTFI) has obtained export approval for copper concentrate and anode mud from the Indonesian government until December 2024. The export permit was obtained following the operation of PTFI’s new...
Hutama Karya Obtains Rp131.14 Trillion State Funds
State construction firm PT Hutama Karya (Persero) obtained state capital participation (PMN) of Rp131.14 trillion from 2015 to 2024. EVP Corporate Secretary Hutama Karya Adjib Al Hakim said Hutama Karya also received a...
Profiles
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.