Prabowo-Gibran will certainly face a more difficult environment with enlarged oil and gas deficit amidst difficulties to increase domestic production in one hand and implementing energy transition on the other hand to meet the country’s climate change commitments.
Read MorePT Telekomunikasi Indonesia Tbk (TLKM), market leader in the telco industry, booked net profit of Rp11.76 trillion in the first half of 2024, down by 7.8% from the corresponding period last year even when its sales revenues growing by 2.5% to Rp75.3 trillion in the period.
Read MoreLike coal, investors avoided holding shares in palm oil companies in the past few years, probably due to global concern on sustainable practices. As a result, shares of plantation companies listed on the Indonesia Stock Exchange (IDX) have been traded way below their intrinsic values.
Read MoreNickel ended slightly higher by 0.54% to US$15,910 per ton on the London Metal Exchange (LME) Monday (Jul 29), but not enough to cheer up investors. Shares of nickel producers listed on the Indonesia Stock Exchange (IDX) ended mixed on narrow range as some anticipate further squeezed profit margins.
Read MoreThe Military Commander (Panglima TNI) General Agus Subiyanto instituted the latest job rotation affecting 256 high-ranking military officers. This job rotation is truly worth highlighting because Lt. Gen. Mohammad Hasan, who is a former Commander of the Presidential Details’ Group A (Paspamres) for the outgoing President Jokowi, has been promoted as the new Commander of the Army’s Strategic Reserve Command (Kostrad), the largest unit in the Indonesian Army (TNI AD). The rotation also made changes into some territorial commanders (Pangdam) and provincial intelligence chiefs (Kabinda).
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