Day: February 20, 2024

The AGO’s Asset Recovery Agency

In recent years, the Attorney General’s Office (AGO) has succeeded in gaining public sympathy with its good performance, especially in uncovering various mega corruption cases. In the process, the Asset Recovery Center...

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Latest on the BAKTI Case

The examination on the BAKTI case, the case of alleged corruption related to a project at the Ministry of Communication and Informatics, continues. The prosecutors recently read their demands for the latest defendants and the...

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Gibran’s Inner Circle (2)

We’ve talked about Gibran and his family in the first installment of the article. Now, let’s talk about their businesses, from which we can learn more about those within their inner circle.

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Gibran’s Inner Circle (1)

The real count conducted by the General Election Commission (KPU) with 72.03 percent of data collected as per this morning (Feb. 20) pointed to Prabowo-Gibran’s lead with 58.62 percent of votes, pretty much similar to the quick count from various pollsters. Since Prabowo-Gibran is likely winning 2024 race and they will become the next President and Vice President, it’s important to learn more about those within the pair’s inner circle. We’ve talked about Prabowo’s inner circle in previous articles. Now, let’s talk about those within the inner circle of Gibran, the eldest son of President Joko “Jokowi” Widodo.

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Margins improved, Uni-Charm still undervalued

Uni-Charm (UCID), engaged in the sanitary napkin industry, which includes manufacturing of night wing, panty liners, and baby diapers, is now worth Rp3.87 trillion, way below equity (Rp5.56 trillion). The stock was last traded at Rp930, way below the initial public offering (IPO) price in December 2019 at Rp1,500.

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