Month: December 2023

CSIS Survey

Another survey from the Centre for Strategic and International Studies (CSIS) found Prabowo-Gibran leading the poll, but the pair’s electability was still below 50 percent. CSIS also found that Anies Baswedan took over the second position from Ganjar Pranowo with almost five percent margin separating them. Let’s talk a bit about this survey.

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Corporations to Watch

Cable firm Voksel Electric (VOKS). announced that it had changed control to the Hong Kong company Hengtong Optic-Electric International Co. Ltd, with Chi Wei and Chi Genliang as the beneficiaries owners.

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Nickel Journal

Nickel gained 2.11% to US$16,900 on the London Metal Exchange Wednesday (Dec 27), but still way below peak last year as investors are worried about oversupply in the short-medium term. Aggressive expansion of nickel processing facilities in Indonesia will continue to weigh on recovery of the commodity, which is key in the production of stainless steel and electric vehicle battery.

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Asset Recovery after the Death of Lukas Enembe

Lukas Enembe, the disgraced governor of Papua, who was convicted in a case of bribery and graft, passed away a day after Christmas. This news gave rise to a lot of criticism at the Corruption Eradication Commission (KPK) from Lukas’ supporters, especially since from the start many believed that the KPK was the cause of Lukas’ worsening condition. However, apart from concerns about conditions in Papua, we are more concerned about asset recovery efforts in this case. Lukas should be tried on suspicion of money laundering with the KPK’s efforts to recover State losses. How will this legal process proceed?

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Latest on the Basarnas Scandal

Back in July 2023 the Corruption Eradication Commission (KPK) uncovered a case of alleged corruption which caused an unexpected drama. The operation was conducted related to an alleged corruption in a project belonging to the National Search and Rescue Agency (Basarnas), then the KPK officially named five suspects in this case, including the Chief of Basarnas, Air Marshal Henri Alfiandi. The TNI then caused a commotion and protested the KPK’s decision because two suspects were active military officers. After facing backlash from the public, the situation calmed down a bit and the two institutions agreed to work together. Unlike the eventful revelation, trial of the civil suspects started and continues far from media coverage. Last week, the three defendants were found guilty.

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