There has been increasing news coverage on the Indonesian Solidarity Party (PSI) after its leaders explicitly addressed its policy on what some see as sensitive issues. PSI Chairwoman Grace Natalie Louisa told an audience on December 11, 2018 that her Party would not accept polygamy. Her colleagues followed suit and affirmed the Party’s stance on said matter. Later on, Grace also made it clear that the PSI rejects syariah bylaws. What is PSI’s end game?
Read MoreShares of United Tractors (UNTR) ended lower by 3.04% to Rp27,950 last Friday (Dec 21). That means the stock has fallen 30% from its peak in late January 2018. Volatility in the commodities market and potential correction in mining sector might have been priced in by investors.
Read MoreNikkei 225 opened higher by 1.7% this morning after crashing 5% Monday (Dec 24). WTI and Brent crude, on the other hand, declined further by 0.4% and 0.9% respectively in Asian trading due to global concerns surrounding the economy and market turbulence rooted in US-China trade tension and direction of USA economy.
Read MoreEver since the Central Government decided that Pertamina will take over the management of the Rokan Block in Riau from Chevron Pacific Indonesia, questions have emerged on whether the State-owned Enterprise would be able to maintain a decent production rate. Now we have the answer. The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) has set the Rokan Block’s target of production for the year 2019 at 180,000 barrels per day. It’s a big decrease in estimate from the one noted in the 2018 budget, wherein the lifting target of the Rokan Block was set at 213,551 barrels per day.
Read MorePresident Jokowi recently visited the Regency Tana Toraja of South Sulawesi. The President was present to attend a Christmas celebration with thousands of locals. It was a scene typical of a Jokowi visit, with a significant public presence greatly overwhelming the security preparations, but that did not scare the President, if anything, being in a sea of people is what fuels his engine. The Governor of South Sulawesi Nurdin Abdullah, who was there to accompany the President, was enamored by the spectacle. He made sure the world knows his feelings by capturing the moment, uploading it on Instagram, and adding a caption that shows just how much he’s a fan of Jokowi.
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