In order to pay out US$325 million of cash dividends, Golden Energy Mines (GEMS), one of coal producing companies controlled by Sinarmas Group (Widjaja Family), opted to take in US$166 million long-term loans. With that, GEMS managed to pay US$162.9 million long-term loans due in the first nine months of 2023.
Read MoreThe House Speaker Puan Maharani, who is also the daughter of PDIP matriarch Megawati Soekarnoputri, met with Luhut Binsar Pandjaitan in Singapore on Tuesday (Nov. 28). The meeting is worth highlighting in light of 2024 elections as well as the appointment of Luhut’s son-in-law, Lt. Gen. Maruli Simanjuntak, as the new Army Chief of Staff (KSAD).
Read MorePretty much as predicted, President Joko “Jokowi” Widodo chooses Lt. Gen. Maruli Simanjuntak, the son-in-law of Luhut Binsar Pandjaitan, as the new Army Chief of Staff (KSAD). The President will witness Maruli taking the oath of office at the State Palace Jakarta today (Nov. 29).
Read MorePresident Joko “Jokowi” Widodo signed Government Regulation (PP) No. 53/2023 recently. The public was enraged by the provisions which were considered to provide a loophole for injustice because it allowed regional leaders to take part as presidential or vice presidential candidates in the upcoming 2024 election without having to resign from their positions. Mainstream media and the public accused that the regulation was made to accommodate Gibran Rakabuming Raka’s participation.
Read MoreThe Corruption Eradication Commission (KPK) conducted sting operations in 2021 and uncovered the case of alleged corruption in Kolaka Timur, Southeast Sulawesi. Among those arrested at the time was then Regent, Andi Merya Nur...
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