State-owned Enterprises (SoE) Ministry led by Erick Thohir officially merged 13 companies under the Perkebunan Nusantara PTPN III (Persero) holding into two subholdings–PalmCo and SupportingCo. Indocement (INTP), meanwhile, acquired Grobogan Cement factory in Central Java.
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Once again, whoever wins next year’s presidential election shall seriously address financial issues of state construction firms. Wijaya Karya (WIKA), one of them, has just posted a net loss of Rp5.84 trillion in the first nine months (9M) to September of 2023, compared to Rp27.96 billion loss only in the corresponding period of 2022.
Read MoreThe policy changes to the Google Play Store that took effect from June 2022 have a bad impact as several new provisions trigger research initiatives from the Business Competition Supervisory Commission (KPPU). Towards the end of...
Read MoreMeranti Islands Regent, Muhammad Adil, has been in the headlines some time ago because of an argument with the Ministry of Finance. He even mentioned that the ministry is filled with demons. Interestingly, when the Ministry of...
Read MoreA statement from Agus Rahardjo, chief of the Corruption Eradication Commission (KPK) in the period of 2015-2019, in Rosi talkshow at KompasTV on November 30 is the most read article this morning. Agus, for the first time, revealed a meeting between him and President Joko ‘Jokowi’ Widodo, where Jokowi asked him to stop investigation into the e-KTP mega scandal.
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