Bank Danamon (BDMN) is the first major bank releasing results for the third quarter 2014. The bank posted net profit of Rp2.12 trillion, dropped almost 30% from the corresponding period of 2013 on squeezed operating margins.
Read MoreOther than political reconciliation talks, including a scheduled meeting of President-elect Joko Widodo and his opponent Prabowo Subianto this morning, market participants continue to wait lineup of the new cabinet. Here are some of what we heard in the street.
Read MoreCentral Jakarta Commercial Court has granted Suspension of Debt Payment (PKPU) to PT United Coal Indonesia (UCI). UCI filed PKPU application to respond bankruptcy lawsuit filed by two of its creditors, namely CV Exiss Jaya and CV Satria Duta Perdana. State-owned Bank Mandiri (BMRI) is the largest creditor of UCI with outstanding of Rp229 billion.
Read MorePlantation shares ended further down in the region Thursday (Oct 16) on broad market sentiment and continues downfall of crude palm oil (CPO) prices in the futures market. Today, recovery in Nymex crude oil to US$83/barrel might lead to improvement in CPO market.
Read MoreIt’s clear now that the United Development Party (PPP) is a party torn by internal conflict. Until recently, the party’s chairman was Suryadharma Ali, but he was ousted by a group of PPP senior executive led by Secretary General Romahurmuzy, otherwise referred to as Romy. Romy and his supporters later announced that they will hold PPP’s Eighth Congress (Muktamar) in Surabaya. The Congress that would later affirm Romy as the new chairman of PPP. So, which is the legal PPP?
Read MoreEarlier this week, the majority of Indonesia’s news outlet focused on Mark Zuckerberg’s short visit to Indonesia. The Facebook founder’s visit triggered both positive and negative comments, including speculations of hidden agenda. But the fact remains that in 2014, Indonesia has up to 69 million Facebook users. It’s a staggering level of connectivity that the incoming government may be able to exploit.
Read MoreIt was a friendly, social gathering of politicians from both sides of the aisle. A politician from the Red-and-White opposition poked fun at friends from the ruling coalition (KIH) saying, “(The score) it’s gonna be six zero soon.” The subject of the discussion was the Red-and-Whites’ domination of the parliament. Soon enough, the opposition will take over the leadership of all of the working commissions in the House of Representatives (DPR). One KIH politician in the room chuckled at the thought.
Read MorePresident-elect Joko Widodo is expected to announce lineup of a new cabinet 24 hours after his inauguration on October 20. Darmin Nasution, former governor of Bank Indonesia, is among the names tipped for key economic portfolio.
Read MoreJoko “Jokowi” Widodo and Jusuf Kalla will be sworn in as the Seventh President and Vice President of the Republic of Indonesia next week, on Monday Oct. 20, 2014. Preparations are underway. So let’s cover the inauguration schedule for Oct. 20, what’s fixed and what isn’t.
Read MoreSuppose that President-elect Joko “Jokowi” Widodo is going to wait until next year to appoint a new Military Commander and a new Chief of the National Police. Who would Jokowi pick? Who would qualify for the positions? In what way would Jokowi choose his nominees?
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