Composite index of Indonesia Stock Exchange (IDX) might follow peers in the region to rebound after days of worldwide rout. Nikkei 225 gained 10.8% this morning in Tokyo, while KOSPI increased by 5.5% in Seoul. All Ordinaries, however, regained 0.9% only in Sydney, Australia.
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Some people may not care about what Kaesang Pangarep will do in politics since they’re losing faith in the outgoing President Jokowi. Like it or not, however, Kaesang’s future in politics is worth highlighting because he’s now at the center of political dynamics between political parties in this year’s gubernatorial elections in some major provinces.
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The matriarch of PDIP Megawati Soekarnoputri recently talked about her relationship with the outgoing President Jokowi. According to Megawati, her relationship with Jokowi is fine, but she rejects the idea of extending the President’s term or changing the length of presidential term to three periods.
Read MoreWe all know close relationship between Hashim Djojohadikusumo, brother of president elect Prabowo Subianto, and Nathaniel Rothschild as shown in Hashim’s support for Rothschild in the fight to control Bumi Resources (BUMI), the largest coal mining company in Indonesia, which is now co-owned by Bakrie and Salim groups.
Read MoreThe Satgas BLBI, now under new leadership, unsurprisingly is facing a new problem. This time a lawsuit was registered to the Central Jakarta District Court against the decision of the Satgas for the confiscation that was carried out nearly a year ago. The plaintiff is Dwijanto Gondokusumo and we all know this is not the first lawsuit Dwijanto filed.
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