Coupa Software (NASDAQ: COUP), a leader in business spend management (BSM), said that Axiata Group Berhad, one of Asia’s leading telecommunications groups, has chosen its BSM platform to provide a single, end-to-end...
Read MoreIndonesian toll road operator, PT Jakarta Tollroad Development (JTD) signed a syndicated loan agreement worth of Rp13.7 trillion. The loan agreement involved 29 Joint Mandated Lead Arranger & Book-runners. According to JTD’...
Read MoreMoody’s Investors Service has downgraded to Ba2 from Ba1 the corporate family rating (CFR) of PT Saka Energi Indonesia and the rating on its US$625 million senior unsecured notes due 2024. The outlook on all ratings is negative....
Read MoreThe Corruption Eradication Commission (KPK) conducted a sting operation on November 18, 2018 and subsequently named several people as graft suspects including the Regent of Pakpak Bharat one Remigo Yolando Berutu. The KPK has not yet disclosed the identity of the bribee in the case but what we do know is the bribe money was allegedly used to stop the ongoing police investigation on Remigo’s wife. Separately in Jakarta, the KPK held another sting operation in the evening of November 27, 2018, and arrested five individuals in the South Jakarta District Court. By the time we wrote this article, the KPK has not announced the chronology and suspects in the case but the KPK allegedly arrested several judges.
Read MoreThe Ministry of Energy and Minerals Resources (ESDM) has promised to the decide on the fate of the Masela Block’s Plan of Development (POD), which is being drafted by the INPEX Corporation, before the end of the year. Among the conditions is set for the POD is that INPEX must bring down the cost of investment to US$20-21 billion from US$25 billion. The problem is that there a few versions of this cost figure. Somehow the investment cost estimate has kept on changing.
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