On Aug. 24, 2022, the Jakarta State Administrative Court (PTUN Jakarta) registers a lawsuit related to the controversial revocation of mining permits. The company filing the lawsuit is actually a low profile company, but the...
Read MoreIn the midst of the development of financial literacy and increasing investment needs, the existence of financial institutions is also increasing. But not infrequently, parties that do not have the authority in financial matters can actually operate freely. The most obvious example is what happened to Kospin Indosurya, which was recently declared bankrupt and involved in criminal scheme. Recently, the Ministry of Cooperatives and Small and Medium Enterprises said that at least eight savings and loans cooperatives union (Kospin or KSP) had similar problems and three of them were facing criminal charges, including Kospin Indosurya.
Read MoreNickel has long retreated from its peak to US$21,950 on Thursday (Aug 25). This price, however, remains attractive so that almost all major business groups in Indonesia have ventured into nickel-and-EV ecosystem.
Read MoreTsingshan, the world’s largest stainless steel producer, is the main force behind massive growth of the Indonesia Morowali Industrial Park (IMIP) in Central Sulawesi province and the Indonesia Weda Bay Industrial Park (IWIP) in North Maluku province. Hundreds of companies have established joint ventures in these industrial parks, which are responsible for substantial growth of Indonesia’s export of nickel-based iron and steel products.
Read MoreDevelopment of two multi billion dollar toll road projects in Java Island, the one connecting Solo-Yogyakarta-Kulonprogo and Yogya-Semarang (Bawen), which will unlock economic potentials in central part of the island, progressed well despite difficulties in land acquisitions.
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