Recent Articles
Corruption Journal
The Corruption Eradication Commission (KPK) finally announced the progress in the case of alleged corruption involving the Secretariat General of the House of Representatives and named none other than the Secretary General, Indra Iskandar as suspect. Separately, former Secretary of the Supreme Court, Hasbi Hasan, listened to the prosecutors demands in the latest hearing.
Business
Bracing for further slowdown in export
Indonesia booked trade surplus of US$867 million last month, a free fall from US$5.4 billion in February 2023 as export declined 9.45%, while import surged by 15.8%. The import side might be one-off due to substantial increase in import of cereals (rice) by 54% in the month, but there were alarming signs in the export side.
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Indonesia Consumer Morale Lowest in 5 Months
Indonesia’s consumer confidence declined to 123.1 in February 2024 from January’s five-month high of 125.0 amid rising inflation. It was the lowest reading since last September, as three out of six sub-indices...
Palm Oil Rises, Trading around MYR 4,140
Malaysian palm oil futures hovered around MYR 4,140 per tonne after being flat in the prior session, supported by strength in Dalian edible oils, firmer crude oil prices, and a weaker ringgit. The contracts were near their...
Oil Rises 2% on US Crude Stock Draw
WTI crude futures rose more than 2% to above $79 per barrel on Wednesday, after US government data showed an unexpected decrease in crude stocks. The EIA report showed crude oil inventories in the US fell by 1.536 million...
Profiles
Erna Djuhadi passes away
Erna Hartany Djuhadi (Tan Bie Swan) has just passed away at the age of 87. Erna, wife of the late Subijanto Djuhadi, the second generation of cigarette producer, PT Nojorono Tobacco International, leaves one of the richest families in the country.