Month: December 2023

A Quiet Election Campaign

Today is the fourth day of the election campaign, but we haven’t seen the euphoria in public yet. The campaign in the grassroot is relatively quiet, which is odd given a heated tension, especially between the three presidential camps, on mainstream media outlets and social media platforms.

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Blibli still in red

Online shopping mall Blibli.com (PT Global Digital Niaga Tbk/BELI)), owned by Djarum Group, suffered loss of Rp2.65 trillion in the first nine months (9M) to September of 2023, but narrowed from Rp3.75 trillion loss in the corresponding period last year.

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Ganjar-Mahfud’s Crowdfunding: Effectiveness & Transparency

The national campaign team of Ganjar Pranowo-Mahfud MD, a presidential pair from a coalition led by the ruling party PDIP, is trying to raise money for their election campaign through crowdfunding. Will it be effective to attract people to make some donations for the pair? And how about the transparency?

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Harita Nickel & The Squeezed margins

Shares of nickel producer Trimegah Bangun Persada (NCKL) or Harita Nickel, one of the largest in the country, ended lower by 2.4% to Rp1,015 on Thursday (Nov 30) as investors responded to the company’s release of financial report for the period ended Sept 30, 2023. The stock is now traded way below IPO price (Rp1,250) few months back.

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More funds into aquatech startups

Indonesia’s tech startups are reeling in big money in seafood farming since the country has a huge potential for seafood farming. An aquatech startup, Jala, has recently raised US$13.1 million in a series A round led by Intudo Ventures with the participation from Sinar Mas Digital Ventures as well as existing investors Mirova and Meloy Fund. 

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