State-owned tin producer Timah (TINS), the world second largest tin producer, booked a net profit of Rp85 billion in Jan-Sep of 2018 (9M) period, dropped 43% from Rp150 billion in the corresponding period of last year, due to a higher cost of revenues. In the first half (H1), Timah’s profit grew by 13.3% to Rp170 billion.
Read MoreMoody’s Investors Service has downgraded the corporate family rating of property developer Agung Podomoro Land (APLN) to B1 from Ba3. The outlook on the ratings is stable. The agency has also downgraded the backed senior...
Read MoreGovernment cuts the export licensing process in bonded zone from 15 working days at the customs office and 10 working days at the Customs head office to three working days and one hour at the regional office. The number of...
Read MoreIndonesian Business Competition Supervisory Commission (KPPU) penalized bread producer Nippon Indosari Corpindo (ROTI) Rp2.8 billion for not soon reporting its acquisition over frozen dough company PT Prima Top Boga (PTB) in...
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On October 4, 2018, the Corruption Court of the Central Jakarta District Court finally held the first hearing of conglomerate Johannes Budisutrisno Kotjo who is now standing trial as defendant in the case of alleged corruption related to the construction of the Riau Power Plant. The indictment for Johannes revealed the alleged involvement of big names in Golkar, including Setya Novanto. Within less than two months, the prosecutors read their demands for Johannes on November 26, 2018. What interesting from the trial in our perspective is the role of Samin Tan.
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