Foreign direct investment in Indonesia (excluding investment in banking and the oil and gas sectors) shrank 11.6% year-on-year to Rp99.0 trillion (US$7.4 billion) in the December quarter of 2018, compared to a 20.2% fall in the...
Read MoreSinarmas Group’s assets have long been managed by second generation of the late Eka Tjipta Widjaja. Two of the children established their own groups outside the generic name Sinarmas Group, including Sukmawati Widjaja’s Top Global Limited (SGX-listed) and Oei Hong Leong’s Chip Lian Investments. Some of the third generation have been seen in managing the Sinarmas companies.
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President Joko “Jokowi” Widodo held a leadership meeting (Rapim) with the National Police (POLRI) and the Military (TNI) on Tuesday (Jan. 29). It was a special meeting because it was the first time for such a meeting to be held at the State Palace. Jokowi revealed that he had asked for the meeting to be held at the State Palace.
Read MoreThere have been questions on the electability of President Joko “Jokowi” Widodo. The underlying concern is Jokowi’s electability that have remained around 50% even though he is an incumbent. Others, meanwhile, have noted the discrepancy between the high level of satisfaction in Jokowi’s performance and his electability.
Read MoreThe trial of the defendants in the so-called Budget Mafia case will be over soon. The prosecutors read their demands last week and the defendants read their defense plea this week. We all know that even after months of trials, the defendants seem unwilling to admit to their crimes.
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