Shares of nickel producers listed on the Indonesia Stock Exchange (IDX) mostly closed in red on Monday (Jan 29) as nickel moved in narrow range on the London Metal Exchange (LME). Nickel was settled at US$16,538 per ton on LME Monday, representing 42.32% fall year-on-year due to significant increase in supply from Indonesia. In the short-medium term, the commodity might not be able to gain much because more new capacities will enter commercial operation this year.
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The neutrality of President Joko “Jokowi” Widodo in the 2024 presidential election is increasingly questioned. Recently, the President was accompanied by Minister of Defense Prabowo Subianto to inaugurate a new facility at the Military Academy (Akmil) in Magelang, Central Java on Monday (Jan. 29). After that, they had a lunch together in public.
Read MoreAnies Baswedan, in a campaign event held in Bandung (West Java) on Sunday (Jan. 28), was asked about whether or not he will normalize the two disbanded organizations, Front Pembela Islam (FPI) and Hizbut Tahrir Indonesia (HTI),...
Read MoreAs explained in the previous article, Tom Lembong’s appearance to the public caused commotion. But the public actually know that each presidential and vice presidential candidate has oligarchic support even before Jatam published their latest press release and website, therefore this topic will not attract that much attention if the parties did not decide to hold a public feud. What is interesting for us is a different question from several parties, has Tom Lembong —during his time as head of BKPM— ever made any destructive decisions?
Read MoreOn Jan, 26, 2024, the Mining Advocacy Network (Jaringan Advokasi Tambang – Jatam), a non-governmental organization that focuses on human rights, gender, environmental, indigenous people and social justice issues in the mining and oil and gas industry, published a press release reviewing the network of mining and energy oligarchs in the camps of each presidential and vice presidential candidate.
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