Day: December 8, 2023

New Impeachment Attempt

Dec 8, 2023 |

Amien Rais and other figures, who associate themselves in the so-called Petisi 100 or the Petition 100, urge the House of Representatives (DPR) and the People Consultative Assembly (MPR) to impeach President Joko “Jokowi” Widodo. This Group has been petitioning for Jokowi’s impeachment since July 2023, and now they find a momentum to launch a new attempt after what happened at the Constitutional Court (MK). Jokowi himself has survived from so many impeachment attempts since 2014. Will the President survive again this time?

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Slow Growth for Retailers in 2024?

Dec 8, 2023 |

The retailers experienced a decline in sales for the first nine months (9M) to September of 2023 as a result of the economic slowdown and weakening purchasing power in the lower middle income group. The retailers posted less than encouraging performance due to a lack of stimulation during the last Eid holiday.

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Reality Check on Axiata-LinkNet 

Dec 8, 2023 |

Fixed broadband operator Link Net (LINK), subsidiary of Axiata Group, where telco operator XL Axiata owns 20% shares, suffered loss of Rp274 billion in first 9M this year, against profit of Rp246.4 billion in the same period of 2022, due to lower revenues and higher expenses. 

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