An accident (explosion) at PT Indonesia Tsingshan Stainless Steel (ITSS), which killed 18 workers (including eight Chinese), is by far the worst in the sector. Some use this as an opportunity to revisiting ESG practices of Chinese investments in Indonesia, particularly in nickel-centered industrial areas of Morowali (Central Sulawesi), Konawe (Southeast Sulawesi), Obi Island (North Maluku), and Weda Bay (North Maluku).
Read MorePrabowo Subianto visited Nanggroe Aceh Darussalam (NAD), the western province of Indonesia, along with the sixth President Susilo Bambang Yudhoyono and his eldest son Agus Harimurti Yudhoyono (AHY). During this visit, Prabowo received the endorsement from Muzakir “Mualem” Manaf, the chairman of Aceh Party, the largest political party in Aceh province.
Read MoreGold producer Merdeka Copper Gold (MDKA), co-owned by Garibaldy ‘Boy’ Thohir, Saratoga, and Provident Group, disbursed a loan to its subsidiary Merdeka Battery Materials (MBMA) amounting to US$100 million, equivalent to Rp1.55 trillion, used for general corporate purposes–working capital, capital and operational expenditures, to support the business activities of MBMA’s subsidiaries.
Read MoreTelco firm Indosat (ISAT) or Indosat Ooredoo Hutchison said that it had transferred data center assets worth Rp2.62 trillion to its affiliated company, PT Starone Mitra Telekomunikasi (SMT), a joint venture between the company and BDX Asia Data Center Holdings Pte Ltd.
Read MoreA new survey from Indikator Politik Indonesia shows that Prabowo Subianto and his running mate Gibran Rakabuming Raka are still leading the 2024 presidential election with a big margin. Indikator, however, also found that Prabowo-Gibran’s electability has yet to reach 50 percent+1.
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