Day: December 14, 2023

On Corruption in Central Kalimantan : The End?

Earlier this year the Corruption Eradication Commission (KPK) announced their investigation in Central Kalimantan and named the then Regent of Kapuas, Ben Brahim S Bahat (politician from Golkar) and his wife, Ary Egahni Ben Bahat (NasDem), as suspects. This week, the couple was found guilty.

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On the Railway Corruption Case

The trial of three bribee in the case of corruption involving railway projects at the Directorate General of Railways at the Ministry of Transportation ended this week. The three defendants, who were officials of the Directorate General, have been found guilty.

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Kalla’s Latest Move

Former Vice President (VP) Jusuf Kalla, who is a big supporter of Anies Baswedan, is currently busy with his two organizations, the Indonesian Red Cross (PMI) and the Indonesian Mosque Council (DMI). On Dec. 8, Kalla has signed a Memorandum of Understanding (MoU) on a cooperation between the PMI and the Ministry of Environment & Forestry (KLHK) led by Siti Nurbaya Bakar, a politician from Surya Paloh’s Nasdem Party, one of the political parties endorsing Anies in 2024 race.

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Revisiting Vale

Shares of nickel producer Vale Indonesia (INCO) lost 4.74% to Rp4,020 on Wednesday (December 13) as investors responded negatively on the development of 14% Vale shares divestment to state-owned PT Mineral Industri Indonesia (Persero) (MIND ID). At current price, Vale is valued at Rp39.94 trillion (market capitalization).

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Corporate Actions

Oil and gas firm Medco Energi Internasional (MEDC), co-owned by the Panigoro Family and Salim Group, has completed the acquisition of 20% ownership of two Exploration and Production Sharing Agreements (EPSA) of OQ Exploration & Production LLC (OQEP) in the Sultanate of Oman.

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