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Posted by yosefardi.com | October 3, 2024 | Industries | 0
Twenty seven years ago, I landed at Mangkajang airstrip in Berau Regency for inauguration of PT Kiani Kertas, the first pulp factory in Kalimantan, by then president Soeharto. Months earlier, Soeharto issued a decree for the provision of Rp250 billion loans to help out PT Kiani Kertas, which was owned by his golf buddy Bob Hasan.
Read MorePosted by yosefardi.com | October 3, 2024 | Market | 0
Within less than two months before Prabowo Subianto is sworn in as the new president, Adaro Energy (ADRO) surprised some with the proposal to spin-off the ‘dirty but profitable’ thermal coal business reportedly for the sake of ‘transition to green business. Some buy the story, while others continue to speculate on the other motivation.
Read MorePosted by yosefardi.com | October 3, 2024 | Politics | 0
Ahmad Muzani, the Secretary General of Prabowo Subianto’s Gerindra Party, has been appointed as the new Speaker of the People’s Consultative Assembly (MPR), the highest legislative body in Indonesia, for 2024-2029 period by consensus. Muzani will be assisted by eight deputy speakers.
Read MorePosted by yosefardi.com | October 3, 2024 | Politics | 0
After a long debate and voting, Sultan Bachtiar Najamudin is finally elected as the new speaker of the Regional Representatives Council (DPR) for 2024-2029 period. Sultan Bachtiar Najamudin, who is strongly linked to Susilo Bambang Yudhoyono’s (SBY) Democratic Party, defeated La Nyalla Mattalitti, the previous speaker of DPD, in the voting.
Read MorePosted by yosefardi.com | October 3, 2024 | Commodities | 0
China’s CNGR Advanced Material Co. Ltd is a company to watch given its ambitious metal processing projects and relationship with political heavyweights in the country.
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