The former Governor of Jakarta Basuki “Ahok” Tjahaja Purnama will finish his prison sentence in early next year. The once glorious and outspoken politician, as we all know, was sentenced to two years imprisonment for blasphemy. The biggest question now is whether he will return to politics.
Read MoreAs of today, the Corruption Eradication Commission (KPK) is investigating two cases of corruption implicating the Lippo Group. First, is the case of bribery related to Lippo Group’s attempt to end the disputes implicating their companies with the help of a former Registrar of the Central Jakarta District Court one Edy Nasution and the former Secretary of the Supreme Court one Nurhadi Abdurrachman. Second, is the case of bribery involving Billy Sindoro and the former Regent of Bekasi one Neneng Hassanah Yasin. The former allegedly bribed the latter in order to obtain licenses for the Meikarta township project; a project developed by PT Mahkota Sentosa Utama.
Read MoreThe Business Competition Supervisory Commission (KPPU) recently read their decisions on a case implicating PT Nippon Indosari Corpindo Tbk (ROTI), producer of fresh bread with the brand Sari Roti. The KPPU deemed the Company guilty for delays in giving notification of acquisition of PT Prima Top Boga.
Read MoreCnbc.com reported that Asia markets had traded up on Thursday morning ahead of a crucial meeting between President Donald Trump and Chinese leader Xi Jinping, which many are hoping would help ease trade tensions between the United States (U.S.) and China.
Read MoreSince mid-October 2018, investors intensified selling in shares of property developer Lippo Karawaci (LPKR) in the wake of many negative issues such as worsen earnings results for the third quarter (Q3) of 2018 due to a jump in expenses and bribery case related to Lippo’s ambitious US$20 billion Meikarta township project. On Wednesday (Nov 28), LKPR declined 0.74% to Rp270 per share, falling 45% year to date.
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