The trial of Eddy Sindoro, the defendant in the case of bribery implicating the Lippo Group, continues. In the latest hearing held on January 28, 2019, the prosecutors summoned several witnesses to testify, one of whom is one Tin Zuraida, the wife of the former secretary of the Supreme Court Nurhadi Abdurrahman. The court had also listened to the accounts of several other witnesses.
Read MoreCellular phone operator Indosat Ooredoo (ISAT) aggressively transforms its business, changing the distribution pattern for SIM card and building networks, and boosting the Company’s revenues in the past four months of 2018.
Read MoreThough the banking industry is improving, the sector is said to facing a challenge of liquidity as banks are entering into the so-called war in deposit rates, to grab the third party funds.
Read MoreGlobal markets traded mixed on Tuesday (Jan 29) ahead of the vote on Brexit. The United Kingdom (U.K.) Parliament backed two amendments on Tuesday, to avoid a no-deal on Brexit and to ditch Irish backstop for alternatives. Nevertheless, the Cooper amendment to extend Article 50 was defeated, together with other four proposals.
Read MoreThe People’s Bank of China has injected more money into the market via a targeted cut of the reserve requirement ratio (RRR) for inclusive financing as more financial institutions were able to enjoy preferential RRR...
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