Singapore International Arbitration Center (SIAC) has ruled in favour of Felda-owned FIC Properties Sdn Bhd in the company’s second attempt to exercise the put option to sell its 37% stake in PT Eagle High Plantations Tbk (BWPT) back to the Rajawali Group, The New Strait Times reported on Friday (June 28). What Peter Sondakh’s Rajawali Group will do next?
Read MoreGerindra, a political party led by President-elect Prabowo Subianto, along with six other parties formed a big coalition for endorsing Andra Soni-Achmad Dimyati Natakusumah in this year’s Banten gubernatorial election. This coalition changes everything. We may only see two gubernatorial pairs competing head-to-head in Banten.
Read MoreOver six years ago, the investigation on the case of alleged corruption in PT Garuda Indonesia (Persero) Tbk began. The Corruption Eradication Commission (KPK) managed to imprison the company’s former President Director, Emirsyah Satar, but with a very disappointing verdict. Later, the Minister of State-Owned Enterprises (BUMN), Erick Thohir, approached the Attorney General’s Office (AGO) with a corruption report on similar allegations, then a new investigation was commenced. Emirsyah and Soetikno Soedarjo were once again named suspects. The court proceedings continue far from media coverage and last week the prosecutors had read their demands.
Read MoreAfter lengthy court proceedings and too much drama, the prosecutors of the Corruption Eradication Commission (KPK) still believe that Syahrul Yasin Limpo (NasDem) is guilty. Towards the end of last week, the prosecutors finally read their demands for the disgraced Minister of Agriculture. But until after the demands were read, Syahrul insisted that he didn’t understand what was happening. Lovely.
Read MorePressure on state steel producer Krakatau Steel (KRAS) continues, as its loss expanded in the first quarter (Q1) of 2024 alongwith a significant correction on revenue. Its share price has also fallen 35.17% so far this year or year to date (ytd), last traded at Rp94 per share, valued at Rp1.8 trillion, far below its equity (Rp7.5 trillion).
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