GOTO and Grab to Merge?
Rumor about merger of GoTo Gojek Tokopedia and Grab lifted GOTO stock price by 2.38% to Rp86 on Monday (Feb 12), but still way below ‘target price’ set by some brokerage firms (some set at Rp196).
Read MoreDay: February 13, 2024
The Aneka Tambang Saga : The End?
It has been over three years since we reported on the dispute between Budi Said and PT Aneka Tambang (Persero) Tbk (ANTM). Over the years, Budi had accused the State-owned company of committing tort and even sought to force the company to restructure its debt. This dispute is confusing, especially because it involves thousands of kilograms of gold and trillions in transactions. The public is especially fascinated that it turns out that the “crazy rich” really exist. Later, however, ANTM managed to reveal the existence of corruption behind this dispute, and in its development, Budi was made a suspect. Following that, Budi’s attempt to force ANTM to restructure its debt was denied by the court. Is this the end of this whole hullabaloo?
Read MoreOn Corruption in Papua : Verdict for the Legal Counsel
The Corruption Court at the Central Jakarta District Court was authorized to examine the case of Stefanus Roy Rening, former legal counsel of the disgraced Governor of Papua, Lukas Enembe (deceased). We know that the Corruption Eradication Commission (KPK) indicted Roy for obstruction of justice as he was supposedly the one who persuaded Lukas and the people of Papua to fight against the KPK decisions years ago. In the middle of the inquisition stage, we know Roy, through his colleague, tried to challenge the law to the Constitutional Court and reasoned that an advocate was protected by immunity, but the petition was denied. Towards the end of last week, Roy had been found guilty.
Read More- 1
- 2