The Governor of Central Java Ganjar Pranowo continues leading the poll in a new survey from Saiful Mujani Research and Consulting (SMRC). In a stark contrast, SMRC found that the electability of Puan Maharani, daughter of Megawati Soekarnoputri, remains insignificant. Both Ganjar and Puan are politicians from the ruling party PDIP.
Read MoreThe General Election Commission (KPU) has closed the registration of political parties seeking to participate in the 2024 legislative election. Out of 40 political parties registered at the KPU, 24 parties passed the first verification and thus will undergo the administrative and factual verifications. The other 16 parties were eliminated due to lack of dossiers, and failed to enter the 2024 election.
Read MoreA few days ago we reported on the latest legal problem faced by PT Asmin Koalindo Tuhup (PT AKT), a subsidiary of PT Borneo Lumbung Energi & Metal Tbk (BORN, now delisted) belonging to Samin Tan. The company is threatened to no longer operate and is suing the decision issued by the Government. This news is actually a long overdue so it is no longer surprising, but shocking news came from the National Police (POLRI) this week.
Read MoreIn October 2021, PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM) and PT Indah Kiat Pulp & Paper Tbk (INKP), both part of Sinar Mas conglomerate, sued CV Karya Putra Bersama (CV KPB) for alleged default. The parties have a coal sale and purchase agreement. The court had already decided in favor of TKIM and INKP in June 2022, however, instead of implementing the court’s decision, CV KPB filed a lawsuit against INKP, seeking to force the company to restructure its debt.
Read MorePlantation firm Sumber Tani Agung Resources (STAA) booked profit attributable to owners of Rp632 billion in the first half (H1) of 2022, jumped 76.5% year on year (y/y), helped by a 76% cut in selling and marketing expenses. While sales grew 17.8% y/y to Rp2.98 trillion.
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