Month: December 2023

Prabowo’s Inner Circle (1)

Prabowo Subianto, a presidential candidate from a coalition of political parties led by Gerindra Party, is the man to beat in the 2024 presidential election. The latest survey from Litbang Kompas, a research division of Kompas,...

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KPK Latest Sting Operation : North Maluku and Harita Nickel

Abdul Ghani Kasuba, governor of North Maluku, was arrested by the Corruption Eradication Commission (KPK), in a series of sting operations carried out in several different locations earlier this week. The KPK succeeded in arresting dozens of people but named six people as suspects in the alleged corruption case. Among the alleged bribers was Stevi Thomas, director of PT Trimegah Bangun Persada Tbk (NCKL).

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SVO & Marine Transportation

About 15 years ago, Forest Gregg, a designer for Frybid (vegetable oil conversion company), published a book titled ‘Powering Your Vehicle with Straight Vegetable Oil (SVO)’, highlighting the benefits of the product: cheap, carbon-neutral, uses a waste product, and does not depend upon centralized corporate infrastructure.

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Revisiting BlueBird

Shares of taxi operator BlueBird (BIRD) ended flat at Rp1,785 on Thursday (Dec 21) despite the launching of Rp250 billion investment in the new capital city Nusantara. At the last quoted price, BlueBird was worth Rp4.47 trillion, significantly below equity (Rp5.54 trillion).

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Toto Sugiri Leaves Indointernet

Shares of data center management firm Indointernet (EDGE) lost 10.13% to Rp5,100 on Thursday (December 21), to make market capitalization of Rp10.3 trillion, after founder Otto Toto Sugiri divested all of its ownership (16.56%) in EDGE, at price of Rp3,496 per share or Rp1.16 trillion in total.

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