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Posted by yosefardi.com | August 15, 2022 | Law | 0
This case is one of the most interesting cases in modern Indonesia, involving people with high-profile connections in the military, police, and the government at both national and regional level. Four years ago it was mentioned in the midst of the dispute related to the Sebuku Group, recently, the case was reported to the POLRI by former Deputy Minister of Law and Human Rights, Denny Indrayana, who has become a lawyer.
Read MorePosted by yosefardi.com | August 15, 2022 | Law | 0
It has been over four years since the Corruption Eradication Commission (KPK) revealed a grand criminal scheme, which was later dubbed the Budget Mafia case. The case started with a simple arrest of Amin Santono, a former Democratic Party politician. It has now brought down dozens of parties, including too many regional leaders. Earlier this year, KPK made a long overdue announcement and named two new suspects, namely the former Regent of Tabanan, Ni Putu Eka Wiryastuti (PDIP), and Rifa Surya. Eka listened to the prosecutors demands towards the end of last week, just five months after being named suspect. While Rifa was finally detained the day after.
Read MorePosted by yosefardi.com | August 15, 2022 | Market | 0
Coal miner PT Black Diamond Resources Tbk (COAL) has kicked off its initial public offering (IPO) for 1.75 billion shares, representing 25.93% of total issued and paid-up capital after the IPO, priced at Rp100-130 per unit, to raise total proceeds of maximum Rp227.5 billion.
Read MorePosted by yosefardi.com | August 15, 2022 | Commodities | 0
Coal miner Harum Energy (HRUM), which in recent years aggressively expanded into nickel industry, booked net profit of US$146 million in the first half of 2022, skyrocketed from US$10.36 million in the corresponding period last year thanks to higher average price of both thermal coal and nickel.
Read MorePosted by yosefardi.com | August 15, 2022 | Commodities | 0
Unlike other energy commodities, Newcastle coal futures, the benchmark for top consuming region Asia, stayed above US$400 per ton last week as perception of tight supply remains out there. Projection about increased supplies did prompt investors to unwind some long positions following a massive rally that drove prices to a record level earlier this year.
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