WTI crude futures rose more than 2.5% to over $76.5 per barrel on Tuesday, rebounding from four consecutive sessions of losses, as OPEC+ members continued negotiations over output levels. Saudi Arabia has been urging other...
Read MoreAfter more than one decade of waiting, smelter grade alumina (SGA) in Mempawah, West Kalimantan province is finally moving in the right direction to completion. This will become the third SGA for Indonesia, which has banned export of bauxite ores this year.
Read MoreShares of plantation firm Palma Serasih (PSGO) gained 6.15% to Rp138 on Tuesday (November 28) as investors welcomed the acquisition of two PSGO’s subsidiaries–PT Agro Bumi Kaltim (ABK) and PT Nusantara Agro Sentosa (NAS)–by PT Evans Indonesia, wholly-owned subsidiary of LSE-listed M.P. Evans Group PLC. PSGO is now valued at Rp2.6 trillion.
Read MoreSatuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia (Satgas BLBI), a task force under Minister of Finance Sri Mulyani Indrawati’s supervision to recover funds from some businessmen related to 1997-1998 financial crisis, faces a new obstacle. With only less than a month left to work, this week, a lawsuit was registered to the Jakarta State Administrative Court (PTUN Jakarta) by PT Cowell Development Tbk (COWL). This is the third lawsuit filed by the troubled company within the past two months.
Read MoreIn the midst of attacks from many directions, recently the Corruption Eradication Commission (KPK) openly revealed that the investigation process in two cases at the Ministry of Agriculture and a number of other cases had stalled because the follow-up was not monitored. We know that the KPK announced that there are three clusters of cases involving alleged corruption which are now ensnaring disgraced Minister Syahrul Yasin Limpo and this means there are two other cases in the same Ministry that have not been resolved. Our question is of course, who caused the investigation process to stall?
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