The legal basis and registration obligations imposed on Private Electronic System Operators (PSE Privat) finally caused mayhem as expected. After the deadline set by the Government was passed towards the end of last week, the Ministry of Communications and Informatics immediately block the access to seven PSEs including online gaming platform, Steam, and PayPal.
Read MoreSamudera Indonesia (SMDR) was last traded at Rp2,590 to make a market capitalization of Rp8.48 trillion. It is valued only slightly above equity as at June 30, 2022 (Rp7.9 trillion). Looking at the company’s first half results, SMDR is one of undervalued stocks in the market.
Read MoreToday, the General Election Commission (KPU) is scheduled to officially open the registration of political parties for becoming the contestants of the 2024 legislative election. In the meantime, the Secretary General of the ruling party PDIP, Hasto Kristiyanto, revealed that Chairperson Megawati Soekarnoputri will soon meet with President Joko “Jokowi” Widodo to discuss the replacement for Tjahjo Kumolo in the cabinet.
Read MoreThose claiming themselves digital bank in Indonesia such as Bank Jago (ARTO), AlloBank (BBHI), and Bank Neo Commerce (BBYB) have retreated significantly from their respective peak with Bank Jago (ARTO) down 46%, AlloBank (BBHI) fell 56%, and Neo Commerce (BBYB) lost 54%. Still, ARTO’s last value of Rp145 trillion and BBHI’s Rp76 trillion might be considered too expensive.
Read MorePresident Joko “Jokowi” Widodo has once again asked his supporters not to rush through endorsing any presidential candidate. The statement was delivered by the President during a meeting with his volunteer groups at Bogor Presidential Palace last Friday (July 29).
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