Author: yosefardi.com

Revisiting Merdeka Copper

Shares of Merdeka Copper Gold (MDKA), a company controlled by Saratoga Group, Provident Group, and Boy Garibaldi Thohir, gained 2.5% to Rp4.070 on Friday last week (August 5) despite correction in gold prices. At this price, Merdeka Copper has market capitalization of Rp98.09 trillion, bigger than Adaro Energy (Rp97.6 trillion), which is also co-owned by Saratoga and Boy Thohir.

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General Sigit’s Effort to Keep Public’s Trust

The Chief of the National Police (Kapolri) General Listyo Sigit Prabowo has officiated a special job rotation that affects 15 high and middle-rank police officers, including Insp. Gen. Ferdy Sambo, on Thursday (Aug 4). In a press briefing, General Sigit stated that the job rotation is a follow-up to President Joko “Jokowi” Widodo’s instruction to reveal the truth behind the fatal police shooting that resulted in the death of Brigadier J.

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Military Job Rotation & General Andika’s Future

The Military Commander (Panglima TNI) General Andika Perkasa has officiated another round of job rotation. The rotation affects 113 high-ranking military officers, including two territorial commanders. The rotation is worth highlighting in the light of the upcoming succession of military commander, and 2024 elections.

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Labuan Bajo & Golo Mori

Even when G20 Summit has been relocated to Bali Island, we notice fast development of tourism infrastructure in Labuan Bajo and Golo Mori, West Manggarai regency, Flores Island, East Nusa Tenggara province. There are at least 11 global hotel chains building resorts in the tourism destination.

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The Economy in the First Half & Outlook

Indonesian economy expanded 5.44% year-on-year in the second quarter, lifted by stronger household consumption, investment, and export. All major islands reported stronger growth, with Maluku and Papua, two of the eastern most islands, recorded higher than the rest. 

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M&A Journal

Astrindo Nusantara Infrastruktur (BIPI), an investment firm focusing on integrated energy infrastructure, acquired Hong Kong’s PTT Mining Ltd for US$471 million or around Rp7 trillion value. PTT Mining Ltd Hong Kong currently has several coal mining concessions in Brunei Darussalam, Madagascar, and three coal mines in Kalimantan, Indonesia. PTT initially acquired the so-called Jembayan and Sebuku coal mines from Sakari Resources Ltd. Ten years ago, Sakari acquired 100% interest in up to six mining concessions (IUPs) covering an area of over 29,000 hectares, located some 30km to the north of Sakari’s Jembayan Mine in East Kalimantan. Unfortunately, we do not have recent status of these concessions.

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Palm oil journal

Malaysian palm oil futures bottomed to the MYR3,800-per-ton mark, moving closer to levels not seen since June 2021, as rival Indonesia relaxed its export shipments quota while lowering its palm oil reference price for August....

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New Industrial Centers (3): Bintuni Bay & Sorong

Go East! In the meeting of President Joko ‘Jokowi’ Widodo with Kishida Fumio, Japanese Prime Minister last July, Jokowi asked the Prime Minister to speed up the completion of several strategic projects in Indonesia including an industrial park in West Papua province. After Sulawesi and Maluku, can Papua be the next?

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Airlangga’s Presidential Bid

The Deputy Chairman of Golkar Party Bambang Soesatyo a.k.a Bamsoet revealed that his party decided to nominate its party chairman Airlangga Hartarto as presidential candidate for the 2024 race. The question is, did all key...

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