Author: yosefardi.com

The Defense Sector under Jokowi

President Joko “Jokowi” Widodo ran his election with the promise of strengthening Indonesia’s maritime sector. On his inauguration day, the President even felt it was necessary to emphasize his commitment by saying “Jalasveva Jayamahe”, the motto of the Indonesia navy that roughly translates into “in the seas, we triumph”. Many then assume that President Jokowi would focus a lot of his attention on the development of the Navy, but after one year of his presidency, that doesn’t look to be the case.

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Anticipating A Tsunami of Post-Election Disputes

In less than two months, Indonesia will hold its first ever simultaneous regional elections in 9 provinces, 224 regencies, and 36 municipalities. Learning from past experiences, there will be election disputes, and given the sheer magnitude of the upcoming regional elections, the question we have in mind is how has the Constitutional Court (MK) prepared themselves to anticipate the wave of post-election disputes? Are they ready for it?

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Jokowi’s First Year: the Performance of the Police Force

Results of the survey recently conducted by Indobarometer shows a low level of public trust in the Police and the Attorney General Office (AGO); lower than the level of trust the public has on the Corruption Eradication Commission (KPK). We’ve talked about the AGO’s performance. Today, we’re going to talk about the Police’s performance in the first year of President Joko “Jokowi” Widodo’s reign.

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Hutama Karya and Corruption in the Ministry of Transportation

On October 9, 2015, the Corruption Court of the Central Jakarta District Court held the hearing of the indictment against the former General Manager (GM) of PT Hutama Karya Budi Rachmat Kurniawan. Budi allegedly masterminded the abuse of the construction of the Ministry of Transportation’s Education and Training Center for Marine Studies (BP21P) in 2011. During the hearing, KPK prosecutors revealed the involvement of the Ministry’s high official and dozens of other companies in the case.

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Forest Fire Investigation in Jambi

Following the footsteps of several other regions affected by forest fires, the Jambi Police are now intensifying their investigation. The entire police force are involved in order to find the cause of the fire and the culprits—be they individuals or corporations.

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Astra & Serious Challenge from Honda

Shares of Astra International (ASII) jumped 5.93% to Rp6700 Friday (Oct 9) on broad market sentiment and news about improvement in automotive market. That means the stock has gained 35% from its recent low. The Company yet to release its September sales data, but its competitor, Honda Prospect Motor (HPM) reported strong sales in the month. How serious is the challenge to Astra’s car segment?

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Market Snapshots & Corporate News

Asian stock exchanges opened mixed Monday (Oct 11) morning. All Ordinaries retreated 0.53% as stronger USD hit mining companies, while KOSPI was in positive territory but with limited gains. BHP Billiton and Rio Tinto opened lower ground in Sydney this morning, while Santos Ltd and Woodside Petroleum retreated 2.2% and 1.7% respectively.

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Infrastructure Projects Update

Ministry of transportation expects construction of 3.9 KM railway connecting Padang city (West Sumatra) and Minangkabau international airport completed as scheduled. The airport will become the second after Kualanamu in North Sumatra connected to existing railway systems.

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Sinarmas, Jokowi & Forest Fire

Coordinating minister for politics, security, law & human rights affairs Luhut Pandjaitan openly blamed PT Bumi Andalas Permai, unit of Sinarmas Forestry, behind the fire in its timber concession area in Ogan Komering Ilir Regency, South Sumatra. He demanded the Company to fix its operations, including procuring water bombing aircraft in the future. That’s it?

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