Foreign tourist arrivals in Indonesia increased by 33.27% year-on-year to 978.5 thousand in October 2023, amid a sustained recovery in the tourism sector. International arrivals mostly came from Malaysia (5.66%), China...
Read More
There is an ongoing rumor about the possibility that the Chief of State Intelligence Agency (BIN), General (ret) Budi Gunawan, might be replaced in the near future. Other than General (ret) Dudung Abdurachman, Police Comr. Gen. Agus Andrianto has also been mentioned as potential candidate to replace Budi Gunawan.
Read MoreThroughout 2022, the Attorney General’s Office (AGO) uncovered at least three cases of alleged corruption related to the export-import sector, one of which escaped the attention of national media outlets. There was alleged corruption in the steel import sector. In the middle of the same year, the AGO named three suspects including another official of the Ministry of Trade and in addition to six corporate suspects. Interesting things happened during the court proceedings.
Read MoreThe Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia (Satgas BLBI) commenced confiscation of asset they believed are related to Setiawan and Hendrawan Harjono of Bank Aspac back in July 2023. The manager of the asset denied involvement in the scandal and four months later challenge the decision through the Jakarta State Administrative Court (PTUN Jakarta).
Read MoreAsahimas Flat Glass (AMFG), market leader for glass in the country, booked net profit of Rp478.8 billion in the first nine months (9M) of 2023, declined 11.3% year on year (y/y) as the Company’s income tax charges reached Rp137.9 billion against in the first 9M of 2022.
Read More