Month: November 2018

Preliminary Report on the Lion Air JT 610 Tragedy

Preliminary Report on the Lion Air JT 610 Tragedy

Nov 30, 2018 |

On November 28, 2018, the National Transportation Safety Committee (KNKT) announced the preliminary report on the accident involving Lion Air Flight JT 610. According to the KNKT, the aircraft with registration code PK-LQP was not fit to fly. Its flight from Jakarta to Denpasar on the night before the plane crashed in the Karawang waters went through many serious issues. So the Plane ought to have been grounded the next morning. The Boeing Company and Lion Air separately reacted to the KNKT’s statement. Lion Air in particular felt cornered. It said it would take legal action if the KNKT would not clarify on the intent of its statement on the preliminary report.

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The New Pangkostrad & Jokowi’s Consolidation of Power

The New Pangkostrad & Jokowi’s Consolidation of Power

Nov 30, 2018 |

Maj. Gen. Besar Harto Karyawan is the new Commander of the Army Strategic Command (Pangkostrad). General Harto replaced Andika Perkasa, who was made Army Chief of Staff (Kasad) last week. With the promotion, General Harto earned his third star. In the meantime, Brig. Gen. Maruli Simanjuntak, the son-in-law of General (ret) Luhut Binsar Pandjaitan (who is widely believed as President Joko “Jokowi” Widodo’s right hand-man) has been made as the new Commander of the Presidential Guard (Danpaspampres). This is a consolidation of power at its fullest.

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The Tjajadi Wedding

Nov 30, 2018 |

Indonesia’s social media circles reacted to the news of one Jusup Maruta Cayadi marrying one Clarissa. The wedding ceremony will be held on December 1, 2018, but the couple’s proposal and engagement videos have been widely circulated on the internet. Everything about the wedding plan, such as the 3D musical invitation, the lavish souvenirs, and the jaw-dropping doorprize on offer reminds the public of the romantic comedy movie “Crazy Rich Asians”. We’re interested in the family behind the two couple. Jusup is the son of Rendra Tjajadi of BEST Industry Group, while Clarissa is the daughter of one Thio Trio Susantono.

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More on the Sting Operation in South Jakarta District Court

Nov 30, 2018 |

The Corruption Eradication Commission (KPK) conducted a sting operation in the evening of November 27, 2018 and arrested six people in the South Jakarta District Court. On November 28, 2018, towards midnight, the KPK announced the chronology of the operation and subsequently named several suspects in the case, including two Judges of the same district court and one Registrar from a different district court.

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M&A Updates

Nov 30, 2018 |

Singapore-based Serial System Ltd announced on Wednesday (Nov. 29) that its subsidiary Serial System International Pte Ltd (SSIPL) had acquired 20% shares of the newly listed PT Sentral Mitra Informatika/SMI (LUCK). SSIPL purchased the shares through the conversion of convertible bonds.

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