Day: September 16, 2022

The Latest Move from Anies and AHY

The Jakarta Governor Anies Baswedan stated that he’s ready to run for president in 2024 if a political party nominates him. Meanwhile, Agus Harimurti Yudhoyono (AHY), who has been mentioned as a potential running mate for Anies, made a confrontational statement toward President Joko “Jokowi” Widodo in his speech at the National Leadership Meeting (Rapimnas) of Democratic Party.

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PDIP: Ganjar or Puan?

The Saiful Mujani Research & Consulting (SMRC) released the data collected from the surveys during the period of March 2021-August 2022. Based on the data, the pollster shared a belief that the chance of the ruling party PDIP at winning the 2024 presidential race would be higher if the Party were to nominate Ganjar Pranowo rather than Puan Maharani. The question is, will PDIP nominate Ganjar?

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More manufacturing investments

Pusaka Bumi Transportasi, part of the Blue Bird Group, has on Thursday (September 15) signed a memorandum of intent (MoI) with CHETRA LLC, the Russian company that exclusively sells industrial machinery and spare parts. The MoI provides for joint work on the localization of bulldozer production in Indonesia.

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Corporate actions

The clock is ticking on capital raise for 26 banks to meet the minimum core capital of Rp3 trillion by the end of this year, failure of which would lead to downgrade of their status as universal bank. Given global economic crisis, some banks might find hard to meet the requirement.

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‘Bailing out’ BTN

Bank Tabungan Negara (BBTN), state-owned mortgage bank, is among banks valued way below equity. On Thursday (Sep 15), the stock gained 4.56% to Rp1,605 to make market capitalization of Rp16.83 trillion, way below equity as at June 30, 2022 (almost Rp21 trillion). Why?

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