Minister of transportation Ignatius Jonan has suspended permits of 61 flights from five airlines for improper procedures. This follows suspension of some routes operated by Indonesia AirAsia and results of a wider investigation into business process involving airlines, air traffic operators, and government officers.
Read MoreTrading activity in the shares of Bumi Resources (BUMI) increased significantly in the past few days. Today, 1.3 billion shares were exchanged hands, the highest volume in months. The stock also gained 8.7% to Rp100 to represent a total gain of almost 100% since last month.
Read MorePresident Joko ‘Jokowi’ Widodo received a delegation from Chevron led by CEO John S Watson at the State Palace Friday (Jan 9). Like the previous meeting with VP Jusuf Kalla, Chevron discussed its oil and gas investments and legal case with the President.
Read MoreWe’ve been reading headlines in several news outlets that are unfavorable to Minister of Transportation Ignasius Jonan. The Minister has been under intense scrutiny for some of his policies in light of the accident involving Indonesia AirAsia flight QZ8501. Some of Jonan’s critics have gone as far as accusing him of not understanding airline’s business model.
Read MoreOn January 5, Bangkok Post published an editorial titled “Indonesia is Wrong”, criticizing Indonesian government’s destruction of illegal foreign fishing vessels in Indonesian waters. The paper calls the act outrageous and unfriendly to its valued neighbor. Furthermore, the paper blames Indonesian law enforcement for the breach, calling it incapable of enforcing its own laws and protecting its own territory.
Read MoreThe National Police Commission (Kompolnas) have compiled a list of five potential candidates worthy of becoming National Police (POLRI) Chief Sutarman’s successor. The five names in the list are all from the pool of three-star police generals. They are:
Read MoreThe National Police Commission (Kompolnas) told the press that they had compiled five names of potential candidates for becoming the next National Police (POLRI) Chief. The commission is ready any time President Joko “Jokowi” Widodo requires their input. The President, however, has yet given any comment on whether or not he will accelerate the succession of POLRI chief.
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Government’s recent decision about airline ticket pricing might affect future operations of AirAsia in Indonesia, which already suffered significant losses in the past few years. Recent political changes might also shape the future of this low-cost airline.
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Indonesia’s food and beverage industry continues to attract foreign investments. The most recent is commercial operation of PT Kewpie Indonesia, a joint venture between Mitsubishi Corporation and the Kewpie Group, in the production of mayonnaise, dressings, and other seasonings for domestic market.
Read MoreUnlike crude oil, crude palm oil (CPO) gained significantly in the past few trading days on higher prices of soybean oil and lower output of CPO last month in Indonesia and Malaysia. The benchmark March 2015 contracts of CPO gained significantly by RM39 to RM2369 per ton on Bursa Malaysia Derivatives Thursday (Jan 8).
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