Day: December 13, 2023

New Provincial Police Chiefs

The Chief of the National Police (Kapolri) General Listyo Sigit Prabowo recently instituted a major job rotation that affected 535 high-ranking and middle-ranking police officers. This rotation is quite worth highlighting in light of the 2024 elections because among those affected are provincial police chiefs (Kapolda) and vice chiefs (Wakapolda).

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EGCO Strengthens Thai-Connection in Chandra Asri

Chandra Asri Petrochemical (TPIA), the largest petrochemical company in Indonesia, announced on Tuesday (December 12) that it has secured an investment of US$194 million from Electricity Generating Public Company Limited or EGCO Group (EGCO), a leading independent power producer in Thailand. 

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M&A Update: BTPN & BNII

Bank BTPN has its acquisition plan funded by proceeds from offering new shares or rights issue, while Vital Solution Fund entered as a shareholder of Maybank Indonesia (BNII) with a portion of more than 5%. It is recorded that the Vital Solution Fund holds 6.65 billion shares in BNII with an ownership portion of 8.72%.

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The First Debate

The first debate of the 2024 presidential election held last night (Dec. 12) at the office of the General Election Commission (KPU) is over. Pretty much as predicted, the tension was high between Prabowo Subianto and his two contenders, Anies Baswedan and Ganjar Pranowo. Each presidential camp, of course, claimed that they won the debate, but the biggest question is whether the debate will affect the voters and change the electability of the three presidential candidates.

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Online travel apps

Indonesian online travel app Pegipegi announced to stop its services as of December 11 after surviving almost 12 years in Indonesia. The company, however, did not disclose the reasons for the closure of its services. 

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