Trial on the allegation of case brokers that rocked the Supreme Court continues and recently the court listened to the indictment for the latest defendant who is also former Secretary of the Supreme Court, Hasbi Hasan. Hasan, as we all know, is the second secretary of the Supreme Court who was embroiled in a case of alleged corruption within only the past six years.
Read MorePrabowo Subianto, a presidential candidate from a big coalition led by Gerindra Party, on Tuesday (Dec. 5) met with AM Hendropriyono, former chief of the State Intelligence Agency (BIN). The meeting between these two retired army generals is truly worth highlighting in relation to 2024 elections.
Read MoreSeveral months ago, Karen Agustiawan, former president director of PT Pertamina (Persero), was once again named suspect in a case of alleged corruption related to decisions she made while in office. This time the decision was made by the Corruption Eradication Commission (KPK). Karen filed for a pre-trial but the attempt failed. Karen seemed confident that she is not guilty that she decided to file a different lawsuit, this time against PT PricewaterhouseCoopers Consulting Indonesia (PwC), one of the Big 4 top accounting firms in Indonesia, the firm that carried out the audit in the case that ultimately ensnared Karen.
Read MoreThe central bank (Bank Indonesia/BI) projects banking credit growth in 2024 in the range of 10% to 12%, expanding from this year’s projected 9-11%. Then credit is expected to grow higher at 11-13% in 2025. Negative outlook of China, however, might be the biggest external factor to watch.
Read MoreMorowali, Weda Bay, and Obi Island have developed themselves as new industrial areas even though they were not initially classified as special economic zones (SEZs). Thanks to nickel, these areas have become new export bases. The same applied to new economic centers in bauxite-rich provinces.
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