Month: March 2024

Revisiting the Montara Oil Spill Case

It has been nearly fifteen years since the Montara H1-ST1 wellhead caught fire in 2009. The incident caused environmental damages to Indonesia’s coast. The companies involved initially insisted on their innocence then representatives of the affected people and farmers filed a class-action lawsuit in the Australian Federal Court. In Indonesia, the Government also tried several means to demand the parties be held accountable. The last time we reported on the proceedings was in 2021, when the Court gave a very satisfying result. However, the Court’s judgment is meaningless if the companies involved deny responsibility. Fortunately, the Australian Federal Court eventually decided in favor of the plaintiffs in 2022. However, even after all that, so far, the farmers reportedly have not received the compensation they should have received, no thanks to the complicated issue with their own legal representatives and funders.

Read More

Posiitve Economic Liquidity

Economic liquidity or money in circulation in a broad sense (M2) in February 2024 grew positively. The M2 position in February 2024 was recorded at Rp8,739.6 trillion or grew 5.3% year on year (y/y), relatively stable compared...

Read More

Palm Oil Snaps Two-Session of Losses

Malaysian palm oil futures jumped around 1.0% to MYR 4,230 per tonne after falling in the prior two sessions, amid signs of robust export growth in March after Intertek testing services reported shipments of palm oil exports...

Read More

Prabowo-Megawati Meeting?

Hasto Kristiyanto, the secretary general of PDIP, responded positively to the idea of a meeting between PDIP’s matriarch Megawati Soekarnoputri and President-elect Prabowo Subianto. Hasto said that Megawati’s relationship with Prabowo is fine. However, if Prabowo meets with Megawati and it opens the possibility of PDIP joining the next administration, it lead us to a question on the future of the opposition.

Read More
error: Content is protected !!