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WanaArtha Life Crimes

It has been over two years after the first hearing of the trial of the defendants of PT Asuransi Jiwasraya's graft case started. Back then the Attorney General's Office (AGO) already froze the bank accounts of those suspected of being involved in the scheme, one of them is PT Asuransi Jiwa Adisarana Wanaartha, also known as WanaArtha Life. The Company cannot fulfill its obligations to its clients as a result. Clients are trying to get their rights back through various legal channels, but to no avail. But who would have guessed, this case would actually be the beginning of revelation of other crimes committed by WanaArtha officials.

Business

The Nickel-EV Ecosystem Continues to Attract Investors

State miner Aneka Tambang (ANTM) or Antam and China-based CNGR Co., Ltd. have on August 5, 2022 signed a strategic cooperation agreement for the development of nickel-based industrial park. This is an interesting partnership to watch, given names involved in the project.

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Oil Steadies After Wednesday’s Rout

WTI crude futures stabilized near $91 per barrel on Thursday after falling 4% in the previous session, as traders weighed a modest supply increase from OPEC+ against rising US crude inventories and signs of declining US gasoline...

Dollar Holds Steady as Key Jobs Data Looms

The dollar index held steady above 106 on Thursday after recovering from one-month lows earlier this week, as investors are preparing for a key monthly jobs report that could guide the outlook for US monetary policy. The US...

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Profiles

William Tandiono passes away

William Tandiono, son-in-law of Dr Tahir (owner of Mayapada Group), who is also president director of PT Maha Properti Indonesia Tbk (MPRO), passed away on Saturday, July 23. 

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