Coal miner TBS Energi Utama (TOBA), linked to the family of Luhut Binsar Panjaitan, coordinating minister of maritime and investment affairs, booked net profit of US$51.2 million in the first half (H1) of 2022, jumped 70% year on year (y/y) as revenue grew 47.6% y/y to US$279.5 million. Operating profit jumped 60% y/y to US$72.6 million, thanks to higher average price of thermal coal.
Read MorePolice Inspector General (Insp. Gen.) Ferdy Sambo, former chief of the National Police’s Internal Affairs Division (Propam POLRI), has been dishonorably discharged from the police corps after hours of ethics trial that ended on Friday morning (Aug 26). Sambo is the main suspect and the mastermind in the murder of his own adjutant, Brigadier Nofriansyah Yosua Hutabarat or widely known as Brigadier J. At the same day, Sambo’s wife, Putri Candrawathi, was examined by the police as another suspect in the murder case. What’s still missing now is the motive of their crime. Why did they execute Brigadier J?
Read MoreIn a recent interview with several TV stations, President Joko “Jokowi” Widodo addressed a number of strategic issues, including about his successor. Some interpreted it as Jokowi’s way of sending message to all related parties.
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