Visa and Mastercard are furious with Bank Indonesia’s plan to introduce a domestic credit card system following President Joko ‘Jokowi’ Widodo’s calling for the use of homegrown cards to boost the country’s independence in financial transactions. Details yet to be provided, but with the growing mobile wallets in in-store payments, the plan deserved attention.
Read MoreState construction firm PT PP Tbk (PTPP) divested some business activities–wholesale trading of cement, lime, sand and stone. In addition, PTPP also traded solid, liquid and gas fuels and related products.
Read MoreLippo is not out of the woods yet. Lippo’s investment firm Multipolar (MLPL) suffered net loss of Rp60.6 billion in 2022, against profit of Rp26 billion in 2021, as investment income dropped 81.7% year on year (y/y) to Rp169.4 billion.
Read MoreShares of technology firm Goto Gojek Tokopedia (GOTO) opened flat this morning as investors were digesting full year 2022 unaudited financial results, where the company suffered loss of Rp40.4 trillion in 2022, widened from Rp25.9 trillion loss in 2021, as the goodwill (for impairment) contributed Rp11 trillion loss.
Read MorePolice Comr. Gen. Boy Rafli Amar, the chief of the National Counter-Terrorism Agency (BNPT), has only a few days left before entering his mandatory retirement age this week. Who will President Joko “Jokowi” Widodo choose to become Boy’s successor?
Read MoreKhofifah Indar Parawansa, the governor of East Java, was reluctant to answer a journalist’s question about the offer of becoming a running mate for Anies Baswedan. Other than Anies, Khofifah has also been mentioned as potential running mate for Prabowo Subianto and even Ganjar Pranowo.
Read MorePT Waskita Karya (Persero) Tbk (WSKT) is still having problems. After the debt restructuring efforts submitted by one of the company creditors was somehow resolved, a new lawsuit was registered by a different business partner, PT Bukaka Teknik Utama Tbk (BUKK), a line of business controlled by Kalla family. The court did not explain what dispute led to this lawsuit, but we know that both parties are involved in the Jakarta-Cikampek Elevated Toll Road construction project which is being investigated by the Attorney General’s Office (AGO).
Read MoreAfter facing several different lawsuits of Suspension of Debt Payment (PKPU) at the Commercial Court of the Central Jakarta District Court within the past two years and eventually managed to resolve the process with peace, PT Waskita Beton Precast Tbk (WSBP) fave a different problem: corruption investigation. The Attorney General’s Office (AGO) announced the investigation and inquisition last year and named so many suspects soon after. This week, trials on four defendants started.
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Today (Mar 20), President Joko “Jokowi” Widodo is scheduled to visit Papua. The visit is worth highlighting in light of 2024 race. It is conducted while the Central Government and the House of Representatives (DPR) are working together to deliberate the Government Regulation in Lieu of Law (Perppu) on the General Election (Pemilu) into a new law that will accommodate the implementation of the 2024 simultaneous elections in four new Papua provinces.
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Some interesting events that happened over the weekend are worth highlighting in light of the 2024 presidential race. One of them is President Joko “Jokowi” Widodo’s meeting with Megawati Soekarnoputri, the chairperson of the ruling party PDIP, at the State Palace Jakarta on Saturday (Mar 18).
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