Bahlil Lahadalia, who will likely soon be elected chairman of Golkar Party, is scheduled to be appointed new minister of energy & mineral resources, replacing Arifin Tasrif, a professional known close to PDI-P, the largest political party in the country.
Read MoreHasto Kristiyanto, the secretary general of PDIP, played an audio recording in front of journalists on Aug. 17, in which he claimed that the outgoing President Jokowi wants to use law enforcement agencies to intimidate people. Later, it is found out that the circulated audio recording played by Hasto was a small part of Jokowi’s speech delivered during the National Coordination Meeting (Rakornas) of the Central Government and the Regional Leadership Communication Forum (Forkopimda) from five years ago in 2019.
Read MoreNickel has been traded above US$16,000 per ton in the past few weeks, but still 18% below the same period last year as concern on oversupply from Indonesia lingers on. Some companies operating RKEF smelters are now negotiating with banks to get refinancing for lower rates to stay afloat.
Read MoreMuhaimin Iskandar has confirmed the joining of PKB into Prabowo Subianto’s coalition on Sunday (Aug. 18). PKB, which is the largest Islamic party strongly affiliated to the Nahdlatul Ulama (NU), will be present today (Aug. 19) in the declaration event of Ridwan Kamil, a Jakarta governor candidate from Prabowo’s coalition.
Read MoreShares of Kencana Energi Lestari (KEEN), one of renewable energy players listed on the Indonesia Stock Exchange (IDX), ended flat at Rp710 on Friday (Aug 19) to make a market capitalization of Rp2.6 trillion. Unlike Barito Renewables (BREN), Kencana Energi was valued way below equity and traded with PE multiple 9 only.
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