Month: October 2024

Man to Watch: Eko Patrio

The National Mandate Party (PAN), one key member of Prabowo-Gibran’s coalition, has appointed Eko Hendro Purnomo or familiarly known as Eko Patrio, a comedian turned into a politician, as its new Secretary General for 2024-2029 period. Let’s talk a bit about Eko Patrio!

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Reality Check on Merdeka Battery

Shares of Merdeka Battery Materials (MBMA), currently one of the largest nickel players in the country co-owned by Saratoga, Provident, and Thohir (Boy, brother of Erick Thohir—-minister of state-owned enterprises), ended at Rp585 on Monday (Sep 30) to make a market capitalisation of Rp57 trillion.

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Hijacking Democracy

Today, on Oct. 1, the new lawmakers of the House of Representatives (DPR) for the 2024-2029 period will be sworn in altogether. Some of them, however, do not deserve to be inaugurated because they actually failed to collect enough votes in the 2024 legislative election but got a favor from their respective party to replace the elected ones.

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EV Industry Update

Nickel has been hovering above US$17,000 per ton in the past few days as China, currently the world’s largest market for electric vehicle (EV), will likely continue to support the growth. The commodity, however, will unlikely return to high-price environment due to correction in other markets, particularly Europe.

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