New Suspects on the Bank DKI Case

Despite the news of rampant corruption inside the institution, the High Court of Jakarta (Kejati Jakarta), under its new leader Sudung Situmorang, continues to investigate corruption cases. On April 20, 2016, the Special Criminal Investigators in Kejati Jakarta...

Asmin Koalindo Tuhup Close to Bankruptcy?

PT Asmin Koalindo Tuhup (AKT) voluntarily applied for Suspension of Debts Payment (PKPU) in January 2016 and has since reached a peace agreement with its creditors. But not long after, two of AKT’s creditors each filed for an appeal against this homologation. ...

Legislative Journal : Permen Agraria No. 18/2016

After issuing the regulation concerning the right to occupancy or house ownership by foreigners domiciled in Indonesia, the Government through the Ministry of Agrarian and Spatial Planning published a new regulation restricting the ownership of agricultural land by...

Legislative Journal: Permen Agraria No. 13/2016

The regulation to implement Art. 11 of the Government Regulation (PP) No. 103/2015 on house ownership for a foreign citizen (WNA) is finally published; in the form of Regulation of the Minister of Agrarian Affairs and Spatial Planning/Head of the National Land Agency...

Intiland & Jakarta Reclamation

Property developer Intiland Development (DILD), controlled by Gondokusumo family, is one of groups granted permit to develop man-made island, H-Island, in the North Jakarta. Unlike its peers, Agung Sedayu Group and Agung Podomoro Land (APLN), which are implicated in...

KPK v. the AGO

In the past two weeks the Corruption Eradication Commission (KPK) has elevated the status of investigation of two cases of alleged bribery involving several prosecutors. The KPK has also named suspects in each case. But the Attorney General’s Office (AGO) showed...

Updates on AJN and AAA Securities

The insolvency process of PT Asuransi Jiwa Nusantara (AJN) is still ongoing. Last week, the team of curators said that they had finally found the company’s asset deposited in a custodian bank. Even so, the value of the reserve fund is still far from the total...

Podomoro’s Pluit City: Counting Losses…

National media reported that hundreds of fishermen using traditional boats ‘sealed’ G Island in the controversial reclamation project of North Jakarta Sunday (April 17). The so-called G Island is location of Pluit City, a new township developed by Agung...

Samadikun Hartono Arrested: So?

A team consisted of officers from State Intelligence Agency (BIN), Attorney General’s Office (AGO), and National Police has arrested fugitive businessman Samadikun Hartono, founder of Modern Group, in China. Attorney General Muhammad Prasetyo said Samadikun will...
error: Content is protected !!