State toll road operator Jasa Marga (JSMR) booked profit attributable to owners of Rp735 billion in the first half (H1) of 2022, declined 14% year on year (y/y), due to loss in financial assets. Revenues actually grew 8.7% y/y...
Read MoreState cement maker Semen Indonesia (SMGR) announced that it will acquire 7.49 billion shares in small cement firm Semen Baturaja (SMBR), representing 75.51% enlarged capital, after president Joko ‘Jokowi’ Widodo signed...
Read MoreThe Centre for Strategic and International Studies (CSIS), has just released the results of its latest electability survey. The think tank group found that Ganjar Pranowo was leading the poll above Prabowo Subianto and Anies Baswedan. Oddly, it also found that both Ganjar and Prabowo lost to Anies in a head-to-head simulation.
Read MoreChairman of Gerindra Party Prabowo Subianto reminded Muhaimin Iskandar, chairman of PKB, about their coalition agreement. It was Prabowo’s response to Imin’s statement when the latter met with Puan Maharani, daughter of PDIP Chairperson Megawati Soekarnoputri, and expressed his interest to become Puan’s running mate in 2024 race.
Read MoreThe Jiwasraya scandal had imprisoned dozens of parties including Heru Hidayat of PT Trada Alam Minera Tbk (TRAM) and the Attorney General’s Office (AGO) reportedly commenced another confiscation of assets several months ago. We thought everything goes smoothly because we haven’t heard of anything since then, but towards last week, two lawsuits were registered against the AGO confiscation decision, one of which was registered by the troubled PT Gunung Bara Utama (PT GBU), a subsidiary of TRAM.
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