The tension continues to flare up between the National Awakening Party (PKB) led by Muhaimin Iskandar and the Nahdlatul Ulama’s Central Board (PBNU) led by Yahya Cholil Staquf a.k.a Gus Yahya following the establishment of the House’s Special Committee for investigating the implementation of hajj in 2024, locally known as Pansus Haji. Will the tension continue until the upcoming chairmanship congress of PKB that will be held soon this year?
Read MorePT Barito Renewables Tbk (BREN), the second largest company on the Indonesia Stock Exchange (IDX) by market capitalisation, has released its first half 2024 financial results. No surprises. BREN reported flat growth of net profit to US$57.95 million while sales revenues declined slightly to US$290.1 million.
Read MoreMedia outlets reported a rumor that the outgoing President Jokowi, who has less than three months in office,will make another round of cabinet reshuffle soon. It is said that the President will replace Arifin Tasrif, the Minister of Energy & Mineral Resources (ESDM), with Bahlil Lahadalia, who is now the Minister of Investment/the Head of the Investment Coordinating Board (BKPM).
Read MoreSome continue to wonder whether Felda will be able to execute the SIAC rule, which requires Peter Sondakh’s Rajawali Corpora to buyback shares in plantation firm Eagle High (BWPT) for US$678 million when most of his assets performed rather poor so far this year.
Read MoreThe court proceeding on the case of alleged corruption related to the construction of the Jakarta-Cikampek II Elevated Toll Road, better known as the MBZ toll road, had ended. Despite the important case profile, the court proceedings continued far from media coverage and within only four months the defendants had been found guilty.
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