The Ministry of Energy and Mineral Resources (ESDM) has currently issued the Electricity Supply Business Plan (RUPTL) for 2021-2030. It sets out a renewable energy target of 51.6% by 2030, climbed from 30% target in the previous RUPTL released in 2019. The fossil energy, meanwhile, is lower at 48%.
Read MoreThe enraging festive between irresponsible State apparatus and business actors in this scandal makes us wonder, what exactly happen? Along the chronology of events mentioned in the previouos article, how important Li Chen Wei is? What should we expect in the next hearings?
Read MoreThe Attorney General’s Office (AGO) moves very fast in uncovering the corruption allegation which supposedly caused the cooking oil shortage in the country. The dockets of all suspects had been expedited to the stage of prosecution just three months after inquisition and suspects announcement. This week, trial of the defendants started.
Read MoreMedia Nusantara Citra (MNCN)–the parent of RCTI, MNC TV, and Global TV—is currently valued 0.73 x equity, while Surya Citra Media (SCMA), the parent of SCTV, Indosiar, and O Channel, is valued nearly twice its equity. MNCN has consistently been traded at discount vis-a-vis SCMA.
Read MoreBakrie & Brothers (BNBR) suffered loss of Rp110.8 billion in the first half (H1) of 2022, widened from loss of Rp46 billion in the corresponding period of 2021, mainly due to Rp66.3 billion loss in foreign exchange (forex) transaction.
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