Day: September 12, 2022

Decarbonization: Lenzing and RGE

More business players have been engaging in decarbonization efforts, including those producing fibers from wood or the so-called cellulose fibers. The Lenzing Group, the world’s giant company for botanic cellulose fibers, is...

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PPP’s Leadership Change & 2024 Race

The Ministry of Law & Human Rights has legalized the new leadership of the United Development Party under Muhammad Mardiono. A week ago, Mardiono was appointed as the acting chairman of PPP replacing Suharso Monoarfa. Some...

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Andika’s Term Extension Idea Revived Again?

The opposition party PKS expressed its support for the term extension of the Military Commander (Panglima TNI) General Andika Perkasa, who will enter his mandatory retirement age by the end of this year. In a related development, the Navy Chief of Staff (KSAL) Admiral Yudo Margono has been mentioned as the strongest candidate to replace General Andika if President Joko “Jokowi” Widodo doesn’t extend Andika’s term.

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Economic Data

Looking at traffic congestion in some tourist destinations over the weekend, fuel price hike didn’t seem to affect middle income group. Drivers of ride-hailing apps did appreciate the government’s decision to raise tariffs, but were mad at operators (Gojek & Grab) for late implementation of a higher percentage of revenues for them. 

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Nusa Palapa Gemilang v Julong Group

PT Nusa Palapa Gemilang Tbk (NPGF), a national private company engaged in the fertilizer industry, recently filed a lawsuit against several parties at once, including its business partner PT Anugerah Berkat Gemilang (PT ABG). In its lawsuit, NPGF alleges that the defendants have defaulted and have liabilities worth more than Rp20 billion.

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