It’s been five years since the last time the Supreme Court (MA) and the Judicial Commission (KY) carry out the selection of judicial candidates (cakim). This means that the number of judges in Indonesia has not gone up since 2010, if anything, we are losing judges because many have entered into retirement since then.
Read MoreTELKOM — PT Telekomunikasi Indonesia (Telkom) Tbk (TLKM) plans to issue bonds worth Rp7 trillion, part of its Rp12 trillion bond issue program. The offering is scheduled for today and tomorrow (June 17-18). The bonds will be issued in 4 series with tenor of 7 years, 10 years, 15 years, and 30 years. The bond coupon is set at 9.925% per annum for series A bonds amounting Rp2.2 trillion, 10.250% for series B Rp2.1 trillion, 10.6% for series C Rp1.2 trillion, and 11% for series D bond amounting Rp1.5 trillion. Acting as underwriters are PT Bahana Securities, PT Danareksa Sekuritas, PT Mandiri Sekuritas, and PT Trimegah Securities.
Read MoreAfter the World Bank, the International Monertary Fund (IMF) also cuts its projection for Indonesian economic growth to 4.7% for 2015 from earlier projection of 5.7% due to the decline of commodity prices and export. For January-May 2015 period, Indonesia’s export fell 11.84% to US$64.72 billion. Indonesian economy only grew by 4.7% in the first quarter of 2015.
Read MoreRemember Sukriansyah S Latief? Well, if you followed steamy gossips surrounding former chief of the Corruption Eradication Commission (KPK) Abraham Samad, Uki’s name was widely quoted as a close friend of Mr Samad. Minister of SOEs Rini Soemarno has just awarded Uki, nickname of Sukriansyah, a commissioner position at PT Pupuk Indonesia, holding company for state fertiliser producers.
Read MoreGARUDA INDONESIA — Flag carrier airlines PT Garuda Indonesia Tbk (GIAA) has on Monday (June 15) signed Letter of Intent (LoI) with France-based plane maker Airbus related to its plan to acquire 30 787-9 Dreamliners, as well as up to 30 737 MAX 8 airplanes. The agreement is part of GIAA’s revitalization program and to support the airline’s future plan to further expand its global reach. In addition, the flag carrier also reconfirmed its intent to purchase 50 737 MAX 8s, originally announced in October 2014. The airline currently operates more than 90 Boeing airplanes, including Next-Generation versions of the 737, 777-300ERs and 747-400s.
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President Joko “Jokowi” Widodo’s 35,000 MW program was launched in early May. Since then, many have wondered whether Indonesia will be able to attract investors for it. But really, even though attracting investor is a concerned, it is hardly the real issue. Attracting money has never really been a problem. The big concern lies elsewhere, with regulations.
Read MoreThe Director General (Dirjen) for Sea Transportation in the Ministry of Transportation (Kemenhub), Bobby R. Mamahit, said that the government was revisiting Government Regulation (PP) No. 11/2015 concerning the Types and Tariffs on Non-Tax State Revenue (PNBP) in the Ministry of Transportation. Since its enactment, PP 11/2015 has sparked debates among transportation stakeholders.
Read MoreIt is likely that the nominee for the position of Commander of the Indonesian Military (TNI), Army Chief of Staff (KSAD) General Gatot Nurmantyo, will easily pass his confirmation process at the House of Representatives (DPR). On the other hand, rejection over the nomination of Lt. Gen. (ret) Sutiyoso as the Chief of the National Intelligence Agency (BIN) continues to flow from civil society groups. Even the ruling party PDI-P seems divided in their support of Sutiyoso’s nomination.
Read MoreThe discussion on the development of Light Rail Transit system for Jakarta has intensified in the past couple of days. It culminated with the member of the Jakarta Regional Representative Council (DPRD DKI), Mohamad Sanusi, telling the media that the LRT the project wouldn’t go through because it’s not in the capital city’s spatial planning document. This is, of course, a complete non-sense, because anyone who has actually read Jakarta’s spatial planning bylaw (a 155-page document with dozens of attachments) would know that the development of LRT has always been a part of Jakarta’s 2030 spatial planning document, or the so-called RTRW 2030.
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President Jokowi is determined to inject more funds from the State Budget 2016 into state companies to speed up development of his ambitious infrastructure projects, including the 35,000 MW power project, trans-Sumatra toll road, trans-Java toll road, airports, seaports, etc.
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