The Ministry of Energy and Mineral Resources (ESDM) is working towards diversifying energy sources in its move towards meeting the 35,000 MW electrification target. The Ministry is putting a lot of importance in renewable energy, which has not been optimally tapped. Funding seems to be one of the main reasons why we have yet to see more renewable energy projects coming to light.
Read MoreTwo years have passed since we reported on the family feud in Shinta Group, but problems remain. On December 4, 2018, the Commercial Court of the Central Jakarta District Court registered a bankruptcy lawsuit filed by senior advocates Rudhy Lontoh and Edward Lontoh (Rudhy’s son) against the Hermijanto siblings, who they used to represent when the examination of the feud was ongoing in the Tangerang District Court.
Read MoreCentral bank (Bank Indonesia/BI) said its consumer survey indicated increasing optimism in November compared with the previous month, supported by an improvement in consumer perception of the recent economic condition and future...
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In the evening of December 5, 2018, the Corruption Court of the Central Jakarta District Court read the verdict for Irvanto Hendra “Ivan” Pambudi Cahyo and Made Oka Masagung. The two men are the latest defendants in the electronic identity card (E-KTP) procurement graft case. The next morning, the same court read the verdict for the disgraced Governor of Jambi one Zumi Zola.
Read MoreCigarette maker Gudang Garam (GGRM) said its subsidiary PT Surya Dhoho Investama (SDHI) took over 2.78 million m2 land asset from PT Bukit Dhoho Indah (BDI) at price of Rp363,172 per m2 or Rp1.01 trillion in total. SDHI also took over around 258,900 m2 land asset from PT Puri Dhoho Kediri (PDK) at the price of Rp294,592 per m2 or Rp76.27 billion in total. Said lands are located in Bulusari village and Tarokan, Kediri, East Java province.
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