The House of Representatives (DPR), through its plenary session, determined the names of the 30 members of the special committee (pansus) that would investigate corruption allegations in the state-owned port operator company PT Pelindo II. The question now is which corruption allegation in Pelindo II will the special committee investigate? What are their true intentions?
Read MoreMore and more politicians have spoken up on the importance of the tax amnesty bill as a legal basis to award the tax pardon to business groups and or business owners. Who are these politicians? Whose interest do they represent?
Read MoreThe Directorate General of Taxation (Ditjen Pajak) of the Ministry of Finance is working on finding the best way to eliminate the syndicate that produces fictitious tax invoices (invoices that are not based on actual transactions, otherwise referred to as TBTS invoices).
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The Government and the House of Representatives (DPR) has agreed to postpone the discussion on the amendment of Law No. 30/2002 on the Corruption Eradication Commission (KPK). The agreement was reached after the Government insisted that, for the time being, it would rather focus on the economy.
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President Joko ‘Jokowi’ Widodo has finally appointed Kuntoro Mangkusubroto, former head of Unit for the Supervision and Management of Development (UKP4) under SBY Regime, as chairman of state electricity provider PT Perusahaan Listrik Negara (PLN). Kuntoro, who was briefly minister of energy under Habibie administration, replaces Chandra Hamzah, former deputy chief of the Corruption Eradication Commission (KPK). What that means? What to expect?
Read MoreCement producers reported stronger sales of cement in September, thanks to growing demand for bulk cement from infrastructure and public housing programs. On Tuesday, Oct 13, ministry of public works and housing signed EPC contracts for the development of two more major water reservoirs.
Read MoreChina Minzhong Holdings Limited (CMZ BVI) and PT Indofood Sukses Makmur (INDF) have on Wednesday (Oct 14) signed a binding memorandum of understanding (MoU) regarding the proposed acquisition of Indofood’s 52.94% shares in China Minzhong Food Corp Limited for S$416.4 million.
Read MoreAsian stocks end mostly lower ground Wednesday (Oct 14) to respond China’s September trade data, which suggests weakening of domestic economy and export. Shanghai’s SSE Composite Index lost 0.93%, while Hang Seng Index dropped 0.71%. Wall Street followed with Dow Jones Industrial Average (DJIA) losing 0.92%, while Nasdaq composite slipped 0.29%.
Read MoreDear Readers,
Analysis by Yosef Ardi will take a short break in observation of the Islamic New Year public holiday on October 14, 2015. We will resume full operation on October 15, 2015. We apologize for any inconvenience caused.
Our warm regards,
The editors.
Read MorePresident Joko Widodo has on October 6th, 2015 signed Regulation No 107/2015 about Acceleration of the Development of Jakarta-Bandung Speed Train, assigning state-owned EPC firm PT Wijaya Karya (WIKA) Tbk to lead the consortium of state companies. Implications?
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