XL Axiata (EXCL) and SmartFren (FREN), which are in the process of merger, have finally released their respective first half 2024 results. XL Axiata improved in almost all aspects of operations, while SmartFren came up with relatively weaker figures.
Read MoreApart from all the hullabaloo over the leadership of Golkar Party, the rumor of a cabinet reshuffle is reemerging. It is said that the outgoing President Jokowi will make changes into four ministerial positions, and he also hinted at the reshuffle during his visit in the new capital city (IKN) Nusantara on Tuesday (Aug. 13).
Read MorePretty much as predicted in a previous article, Agus Gumiwang Kartasasmita has been appointed as the acting chairman of Golkar replacing Airlangga Hartarto in the Golkar’s plenary meeting held last night (Aug. 13). The meeting also resulted in a decision that Golkar won’t hold an extraordinary congress (Munaslub), but the Party will accelerate its chairmanship congress (Munas) from December to Aug. 20. All signs are pointing to Bahlil Lahadalia, who is known very close to the outgoing President Jokowi and also has a good relationship with President-elect Prabowo Subianto, as the new chairman of Golkar in the upcoming Munas.
Read MoreCoordinating Minister for Economic Affairs, Airlangga Hartarto, stepped down from his political throne as chairman of Golkar Party this week. Airlangga’s decision was obviously followed by various speculations. Allegations were put forward by many parties regarding Airlangga’s extreme decision, ranging from personal and woman problems to his alleged involvement in the cooking oil hullabaloo. However, the latter allegation was immediately denied by the Attorney General’s Office (AGO) and this reminds us that the trials related to the case are still ongoing.
Read MoreUntil 2022, we all know that the State-owned plantation company, PT Perkebunan Nusantara (Persero) (PTPN) has had to face the Corruption Eradication Commission (KPK) twice in two different units, PTPN III and PTPN XI. Several months ago, the third case was officially announced by the KPK, this time related to PTPN XI. With the enormous responsibility of PTPN as a whole, it is astonishing to see various corruption cases that have emerged related to only two PTPN units. We thought this was enough, but it turned out that was not the case. Recently, the National Police (POLRI) entered the scene and announced that they had conducted an investigation into other alleged corruption, also related to PTPN XI. What a mess.
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