Day: August 22, 2022

Development on Corruption in South Sulawesi

Posted by | August 22, 2022 | | 0

Once praised for his anti-corruption image and intellect, the disgraced Governor of South Sulawesi, Nurdin Abdullah, and his accomplice were found guilty of graft in separate hearings held towards the end of 2021. The decisions, however, was not the end. The Corruption Eradication Commission (KPK) continued investigating and found entrance to another case of corruption involving four auditors of the Supreme Audit Agency (BPK). The KPK named five new suspects in the case, and this week the auditors are detained.

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Another Cabinet Reshuffle

Posted by | August 22, 2022 | | 0

Vice President Ma’ruf Amin confirmed another round of cabinet reshuffle will soon take place. Although, it seems that the upcoming reshuffle might only be a minor change, not a big shakeup. But who knows?

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Paloh’s Latest Move

Posted by | August 22, 2022 | | 0

The Chairman of Nasdem Party, Surya Paloh, is expected to meet with House Speaker Puan Maharani, who is also the daughter of the PDIP Chairperson Megawati Soekarnoputri, on Monday (Aug 22) at the Nasdem Tower in Gondangdia, Central Jakarta. Earlier, Paloh met with President Joko “Jokowi” Widodo at the State Palace Jakarta on Friday (Aug 19).

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Growing Demand on Property

Posted by | August 22, 2022 | | 0

After two years of doldrums, due to the wake of the Covid-19 pandemic, consumers have started to buying and investing in property. Financial report of property developers listed on the Indonesia Stock Exchange (IDX) suggested such recovery.

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Weaker Earnings of Cement Producers

Posted by | August 22, 2022 | | 0

Indocement Tunggal Prakarsa (INTP) reported a 50% drop in net profit in the first half (H1) of 2022, due to higher costs. The Company booked net revenues of Rp6.91 trillion in said period, up 4.5% year on year (y/y), but cost of goods sold rose 13.3% y/y to Rp5.1 trillion following increase in sales volume and higher energy cost (coal). Gross profit, accordingly, fell 19% y/y to Rp1.77 trillion.

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