The fifth President Megawati Soekarnoputri, who is the matriarch of PDIP, reportedly will soon meet with former Vice President Jusuf Kalla, also known as a political mentor and patron figure of Anies Baswedan. Kalla, who is former chairman of Golkar Party, endorsed Anies in 2024 presidential election while Megawati and her PDIP supported Ganjar Pranowo.
Read MoreState-owned oil and gas company Pertamina yet to release its financial results for full year 2023, but some of its business units came up with pretty strong results. Pertamina Geothermal Energy (PGEO) booked net profit of US$163.57 million in 2023, grew 28.3% year on year (y/y) as operating profit grew 26.8% to US$265.17 million.
Read MoreThe supporters of Anies Baswedan, a losing presidential candidate, start to promote Anies to run again in the Jakarta gubernatorial election that will be held this year on Nov. 27. They even try to pair Anies with his predecessor and ex-political rival, Basuki Tjahaja Purnama a.k.a Ahok. Let’s talk a bit about Anies’ chance in the Jakarta’s 2024 gubernatorial election.
Read MorePT Pupuk Kalimantan Timur (Pupuk Kaltim), a subsidiary of state-owned fertilizer holding company PT Pupuk Indonesia continues to expand its production capacity. Interesting to see whether the government will eventually allow the company to launch an initial public offering (IPO).
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