The future of the new capital city Nusantara in East Kalimantan province might be one of the biggest concerns of President Joko “Jokowi” Widodo, whose term will end October 2024. While State Budget for the project will increase significantly next year and that construction has progressed super fast for some government buildings, some are still worried about post-2024.
Read MoreUnilever Indonesia, the market leader for home and personal care, booked net profit of Rp4.61 trillion in the first nine months (9M) of 2022, grew 5.2% year on year (y/y), as operating profit rose 3.4% y/y to Rp6 trillion, while net sales increased 5% y/y to Rp31.5 trillion.
Read MoreSo far so good. State-owned Bank Mandiri (BMRI) booked profit after tax of Rp30.65 trillion in the first nine months (9M) of 2022, jumped 59.4% year on year (y/y). Bank CIMB Niaga (BNGA), meanwhile, posted net profit of Rp3.89 trillion in first 9M of 2022, grew 23.5% y/y, as operating profit rose 25% y/y to Rp5 trillion.
Read MoreNickel miner Vale Indonesia (INCO), which holds one of the largest nickel concessions in the world, booked net profit of US$168.38 million in the first nine months (9M) of 2022, grew 36.58% year on year (y/y).
Read MoreFormer Jakarta Governor Anies Baswedan is still in a distant third behind Ganjar Pranowo and Prabowo Subianto in most surveys. However, some pollsters including Litbang Kompas, the research division of Kompas (the largest newspaper in Indonesia), pointed that Anies has the potential to narrow the distance from Ganjar and Prabowo. Aside from that, it’s also important to monitor Heru Budi Hartono, Anies’ successor in Jakarta, because his actions could affect Anies’ rating ahead of 2024.
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