Day: February 16, 2024

KPPU Investigation on Hardaya Inti Plantations

The Business Competition Supervisory Commission (KPPU) under new leadership finally held its first Commission Council Session this week. The case examined in the trial was an alleged violation related to the Implementation of the Partnership between PT Hardaya Inti Plantations (PT HIP) and the Amanah Plasma Farming Cooperative Union (Koptan Amanah). PT HIP is part of the Hardaya Inti or Central Cipta Murdaya (CCM) Group, controlled by Murdaya Poo and Siti Hartati Murdaya.

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KPK Supervision in the Mineral and Coal Sector

At the beginning of this week, the Ministry of Energy and Mineral Resources announced the auction winners for a number of WIUP Blocks. This is the result of two rounds of auctions held since last year. Interestingly, as soon as the announcement was made, the Corruption Eradication Commission (KPK) immediately highlighted the process.

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Megawati’s Upcoming Meeting with Paloh

The ruling party PDIP gave a positive response to a potential meeting between its matriarch, Megawati Soekarnoputri, and media mogul Surya Paloh, who is the chairman of Nasdem Party. Earlier, Nasdem revealed a plan of a meeting between Paloh and Megawati soon in the near future. The meeting, if it happens, is worth monitoring in relation to a question on the position of both parties after 2024 election and toward the next administration.

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2024 Election Result: Anomaly?

Ganjar Pranowo, a presidential candidate from a coalition led by the ruling party PDIP, still cannot believe that he ended up at the bottom with such a small amount of votes based on quick count from seven pollsters. Ganjar, who is also former governor of Central Java for two periods, considered it as an anomaly because the quick count from the same pollsters also pointed to PDIP’s victory in the legislative election.

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Revisiting Gudang Garam

Shares of Cigarette maker Gudang Garam (GGRM) gained 3.77% to Rp20,650 on Thursday (February 15), to market capitalization of Rp39.73 trillion. While its peer, HM Sampoerna (HMSP) gained 4.57% to Rp915, to make market capitalization of Rp106.43 trillion. GGRM declined 0.7% so far this year, while HSMP gained 2.8%.

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