Day: February 27, 2024

Corruption in the House of Representatives

Feb 27, 2024 |

The Corruption Eradication Commission (KPK) finally announced a case of alleged corruption involving the Secretariat General of the House of Representatives. This case has actually begun to be examined by the commission since mid-2023 but has escaped public attention. With the latest announcement and the fact that the investigation process has escalated to the inquisition stage, this means that there is already suspect(s), however the KPK has not yet announced who the suspect is in this case or the chronology of the case.

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Steel industry update

Feb 27, 2024 |

World crude steel production for the 71 countries reporting to the World Steel Association was 148.1 Mt in January 2024, a 1.6% decrease compared to January 2023. China is estimated to have crude steel production of 77.2 Mt in January 2024, down 6.9% on January 2023. 

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Jakarta’s 2024 Gubernatorial Election

Feb 27, 2024 |

We’re still nine months away from the 2024 simultaneous regional elections scheduled to be held on Nov. 27, but the tension is already heating up between potential candidates that will run, especially in the Jakarta gubernatorial election. Among them are Ahmad Sahroni, the treasurer of Nasdem, a political party led by media mogul Surya Paloh, and Ridwan Kamil, former governor of West Java and now a deputy chairman of Golkar Party.

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Indorama turns to loss?

Feb 27, 2024 |

Textile and garment producer Indorama Synthetics (INDR), owned by Sri Prakash Lohia, suffered loss of US$40.8 million in 2023, against US$42.5 million profit a year earlier, as revenue fell 16% year on year (y/y), while costs down 5.6% only. Why?

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