Day: January 9, 2024

On the Wealthy Taxman Case : Disappointing Considerations

The most anticipated trial of the year finally ended. The former Echelon III official at the Ministry of Finance, Rafael Alun Trisambodo, who stands trial in the case of alleged corruption and money laundering has been found guilty. Rafael was sentenced to prison in accordance with prosecutors’ demands, but several of the KPK’s allegations were deemed unproven. As a result, the compensation required by the court was not even half the sentence given to his son, Mario Dandy, in a separate case. The KPK is considering appealing.

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Revisiting the Corruption in East Kotawaringin

Towards the end of 2023, the Director General of Minerals and Coal at the Ministry of Energy and Mineral Resources was sued by PT Fajar Mentaya Abadi, there is no information regarding this lawsuit but the company name is very familiar to us. This company was mentioned for being involved in the case of alleged corruption that ensnared the Regent of East Kotawaringin, Supian Hadi (PDIP). What is interesting is that even though Supian has been a suspect since 2019, until now he has not been arrested and even still wants to take part in the upcoming regional head election as a candidate for governor.

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Motorbike Sales Fall 11.6%

Motorbike sales in Indonesia dropped 11.6% year-on-year to 427 thousand units in December 2023, following a 2.8% fall in the previous month. The decline came after the central bank raised its interest rate by 25 bps to 6% during...

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Forex Reserves Largest in Over 2 Years

Foreign exchange reserves in Indonesia climbed to USD 146.4 billion in December 2023 from USD 138.1 billion in the previous month. It was the biggest amount since September 2021, supported by tax and service revenues and the...

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