It is only a matter of time before Ahmad Luthfi, the current provincial police chief (Kapolda) of Central Java, and Kaesang Pangarep, the youngest son of the outgoing President Jokowi, are officially announced as a pair of governor and vice governor candidates for this year’s Central Java gubernatorial election. Luthfi-Kaesang will likely compete against those from PDIP in a head-to-head race.
Read More2023 is a tumultuous year for Indonesia. Ahead of the most heated presidential and vice presidential elections, the Constitutional Court granted a judicial review petition filed by a student, Almas Tsaqibbirru, who asked the Court to re-interpret the age and experience requirements for the candidates, supposedly paving the way for President Joko “Jokowi” Widodo’s eldest son, Gibran Rakabuming Raka, to run as vice president. At the same time, we reported a similar petition filed by a student named Arkaan Wahyu.
Read MoreThe Attorney General’s Office (AGO) began an investigation into alleged manipulation of sugar imports some time ago. This process is interesting because initially the investigation was said to be related to the provision of sugar import permits by the Ministry of Trade during the period 2015 to 2023. Several other parties were also investigated, including from the Ministry of Industry to related regional departments. Later, however, the investigation into the case turned into an inquisition of yet another official of the Directorate General of Custom and Excise (DJBC). Two months after the latest announcement, the AGO mentioned that the docket of one suspect had been expedited to the stage of prosecution and the trial will be examined by the Corruption Court at the Pekanbaru District Court.
Read MoreShares of Bank Jago (ARTO), member of GOTO, ended substantially higher by 5.8% to Rp2,570 last Friday (Jul 26) as investors responded seemingly strong performance in the first half. Net profit expanded by 23.4%, but actually not enough to justify the current valuation.
Read MoreShares of Amman Mineral International (AMMN) ended slightly higher by 1.08% to Rp11,650 last Friday (Jul 26) as some investors responded positively the company’s strong performance in the first half of 2024, where its net profit surged by 300% to US$475.3 million.
Read More