In just a matter of hours, the House of Representatives (DPR) and the government torpedoed the ruling from the Constitutional Court (MK) related to regional election law. DPR revised the existing laws (2016), which will maintain...
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PT Berau Coal Energy Tbk (BRAU), one of the largest coal miners in Indonesia controlled by Sinarmas Group (Widjaja Family), booked net profit of US$6.7 million only from sales revenue of US$1.27 billion in the first half of 2024.
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PDIP is now able to provide a ticket for its governor candidate alone in this year’s Jakarta gubernatorial election following the Constitutional Court’s (MK) ruling No. 60/2024. The biggest question is whether PDIP will give its ticket for Ahok (Basuki Tjahaja Purnama) or Anies Baswedan.
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The Constitutional Court (MK) dropped a ‘bomb’ on Tuesday (Aug. 20) with the issuance of its ruling No. 60/2024 which will likely dramatically change political landscape in this year’s simultaneous regional elections. If anything, the ruling could potentially break apart the so-called KIM Plus coalition, the expanded coalition of Prabowo-Gibran. The ruling will likely also inspire many parties to once again attempt to reduce the presidential threshold.
Read MoreTourism industry in Indonesia has recovered well with 21% growth of visits from foreigners in the first half of 2024. Further recovery combined with completion of some major connectivity infrastructure could lead to growth of investments in the hospitality industry.
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