Three more parties (Nasdem, PPP & Perindo) have just joined Prabowo’s coalition. It looks like PKB and PKS will soon join the coalition as well. With this development, it is almost certain that Anies Baswedan won’t be able to get a ticket to run in this year’s gubernatorial election in Jakarta.
Read MorePPP, a small Islamic party that is strongly affiliated to the Nahdlatul Ulama (NU), and Perindo, another small party controlled by media mogul Hary Tanoesoedibjo, are following Nasdem, a political party led by media mogul Surya Paloh, to join Prabowo’s coalition and to support the next administration. Prabowo is now waiting for PKB and PKS to join his coalition as well.
Read MoreIndonesia’s export grew 6.5% year-on-year, while import expanded by 11%. Some analysts see these as positive signs of ‘stronger domestic investments’, but that might not be the case. Export growth was mainly attributable to higher average price of volatile commodities like oil & gas, gold and copper.
Read MoreTire manufacturers listed on the Indonesia Stock Exchange (IDX) came up with mixed results in the first half of 2024, but in general reported better operating profit margins on lower or flat cost of goods sold.
Read MoreFixed broadband operator Link Net (LINK), subsidiary of Axiata Group, where telco operator XL Axiata owns 20% shares, suffered loss of Rp282.3 billion in first half this year, surged by 120% from the corresponding period last year.
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