So, Rosan P Roeslani, former CEO of PT Berau Coal Energy Tbk (when the company was controlled by Bakrie Group, now under Sinarmas Group), has been reappointed minister of investment in the Prabowo cabinet. The difference, the ministry’s name is changed to ‘ministry of investment and downstreaming.
Read MorePresident Prabowo Subianto has appointed Lt. Gen. (ret) Anto Mukti (AM) Putranto as the new Chief of the Presidential Staff Office (KSP), a position previously occupied by former Military Commander (Panglima TNI) General (ret) Moeldoko. Let’s get to know AM Putranto.
Read MoreMajor Teddy Indra Wijaya, the adjutant of President Prabowo Subianto, has been appointed as the new Cabinet Secretary, a position traditionally given to a senior and seasoned politician. So, it is interesting to see Prabowo appoint Teddy, who is only 35 years old, as his Cabinet Secretary.
Read MoreFood security or self-sufficiency is said main theme of Prabowo Subianto presidency. In order to meet self-sufficiency target within five years, which is doubted by many, investments in the food chain might get a boost. Some, however, have long started expansion in the food chain simply because the market is big enough.
Read MoreAs the problems for PT Waskita Beton Precast Tbk (WSBP) was getting worse, the shareholders decided to take a different route. We all know that towards the end of 2023, the subsidiary of PT Waskita Karya (Persero) Tbk (WSKT) is being sued by one of its creditors, PT Bank DKI. At the heart of the dispute is the decision to settle debts through Mandatory Convertible Bonds (OWK) which, supposedly, was not approved by Bank DKI. In early 2024, Bank DKI withdrew this lawsuit, only to file a new lawsuit in a different district court. Not long ago, we learned that Bank DKI won the lawsuit, and this is why the dispute continues. WSBP immediately appealed the decision while the shareholders recently submitted a formal complaint against the Panel of Judges to the Judicial Commission (KY).
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