Day: February 12, 2024

2024 Race: Last Minute Maneuvers

Watchdoc, an independent documentary channel founded by Dandhy Dwi Laksono, released a documentary video titled ‘Dirty Vote’ on Sunday (Feb. 11), the first day of the silence period or only three days before the election day. The campaign team (TKN) of Prabowo-Gibran, considers this video as a slander and an effort to deligitimate the 2024 elections, but Ganjar-Mahfud’s team sees this as part of political educations.

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Parent continues squeezing Unilever Indonesia’s margins

Consumer goods giant Unilever Indonesia (UNVR) reported a 9.4% fall in net profit to Rp4.8 trillion in 2023, manly due to substantial increase in trademark, technology and service fees charged by its parent. While payment of income tax declined significantly, payment to parent company and shareholders increased substantially last year.

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Stronger FY/23 for Vale, but…

Nickel producer Vale Indonesia (INCO) booked net profit of US$274.3 million in 2023, grew 37% year on year (y/y), supported by higher gain on recognition of fair value of derivative asset and finance income. Operating profit margins, however, were squeezed significantly in the last quarter of the year.

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Investment in hospitality industry

Investment in hospitality industry is set to grow faster. The economic crisis caused by COVID-19 pandemic influenced the hospitality industry, causing some projects to be postponed. Gradual recovery of tourism, therefore, is the main driver to revitalization of this industry. 

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Latest Polls

It is two days left into the election day. Three pollsters have released the results of their respective electability survey, in which all of them found Prabowo-Gibran leading the race by a big margin with electability above 50 percent. Will Prabowo-Gibran win 2024 race in one round, or will their two contenders push the election into a runoff instead?

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