Day: December 5, 2023

Prabowo-Gibran’s Free Lunch & Milk Program

Some researchers criticized the free lunch and milk program, one of the flagship programs from Prabowo Subianto and his running mate Gibran Rakabuming Raka, the eldest son of President Joko “Jokowi” Widodo. Prabowo-Gibran and their national campaign team, as we all know, have been busy campaigning for the program in the last few days of the campaign period.

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Short-term pressures on nickel smelters

Lygend Resources & Technology Co Ltd, which is listed on the Hong Kong Stock Exchange (HKSE), informed shareholders late last week that production lines under Phase I and II of the HPAL nickel smelter in Obi Island, Halmahera Island, North Maluku province have reached the annual design capacity.

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The New BNN Chief

Police Insp. Gen. Marthinus Hukom, the commander of the National Police’s Counter-Terrorism Special Detachment (Densus) 88, has been appointed as the new chief of the National Narcotics Agency (BNN). Marthinus is replacing Comr. Gen. (ret) Petrus Reinhard Golose, who has just entered his mandatory retirement age.

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UNTR/Astra Bets More on Nickel

Shares of United Tractors (UNTR)—a subsidiary of Astra International engaged in construction machinery supply, coal mining contracting, own coal business, power generation, and civil construction—ended higher by 1.24% as investors responded positively completion of yet another nickel asset acquisition.

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Corporations to Watch

Shares of flag carrier Garuda Indonesia (GIAA) ended slightly higher by 1.2% on Monday (Dec 4) as investors responded positively the airline’s plans to repay portion of its notes and sukuk through a tender offer scheme.

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