The Indonesian Democratic Party of Struggle (PDI-P) is holding its National Congress at the Grand Inna Beach Hotel, Bali, today (Apr. 9). The event is expected to last until Sunday (Apr. 12). When delivering her speech at the welcome dinner event last night, PDI-P chairwoman Megawati Soekarnoputri hinted that there would be a surprise in the congress.
Read MoreThe Indonesian government and the the Association of Exporters and Producers of Indonesian Handicraft (ASEPHI) are currently holding a handicraft trade event called the International Handicraft Trade Fair (INACRAFT). The event lasts for five days from April 8 to 12 at the Jakarta Convention Center. Yesterday, President Joko “Jokowi” Widodo officiated the opening ceremony of the 17th INACRAFT.
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The debt dispute between a legendary Indonesian herbal company PT Nyonya Meneer with its distributor, PT Nata Meredia Investama (PT NMI), continues. The Judge of the Semarang Commercial Court examined the Suspension of Debt Payment (Penundaan Kewajiban Pembayaran Utang otherwise known as PKPU) status and decided to extend the PKPU period.
Read MoreSuryadharma Ali’s effort to revoke his status as a graft suspect is over. The Judge of the South Jakarta District Court presiding over the pre-trial, Judge Tatik Hadiyanti, rejected Suryadharma Ali’s petition on April 8, 2015. In her judgment, the Judge said that the PPP politician’s lawsuit was not an object for pre-trial.
Read MorePT Bank Central Asia (BBCA) Tbk, the largest company listed on Indonesia Stock Exchange (IDX) by market capitalisation, plans to acquire small bank in Indonesia. Some names have reportedly been screened and inserted in the bank’s business plan.
Read MoreShareholders of Dian Swastatika (DSSA), controlled by Sinarmas Group, have on Wednesday (Apr 8) approved the transfer of DSSA’s shares in coal mining unit PT Golden Energi Mines Tbk (GEMS) to SGX-listed United Fiber Systems Ltd (UFS). What’s next for the company, which has portfolios in mining, power generation, and ICT?
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The government and lawmakers have on Wednesday, April 8, formally kicked off discussions surrounding amendment of oil and gas law. Energy and mineral resources minister Sudirman Said harvested lots of appreciations from lawmakers regarding the government’s views on the new law.
Read MoreThe benchmark June contracts of crude palm oil (CPO) ended substantially lower by RM39 to RM2168 per ton on Bursa Malaysia Derivatives Wednesday (Apr 8). CPO was tracking crude oil, where WTI Crude retreated 2.3% to US$52.74 per barrel in Asian trading.
Read MoreThe Commission XI of the House of Representatives (DPR) is now drafting a revision to the Banking Law that would benefit local banks. The revision is aimed at limiting the expansion of funding and branches by foreign banks. The foreign banks’ ownership would also be capped at maximum 40%.
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Oil and gas giant Shell Plc has agreed to acquire BG Group Plc for around US$70 billion. What that means to Shell’s operations in Indonesia going forward?
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