Category: Uncategorized
Pupuk Indonesia gains from Ukraine-Russia war
PT Pupuk Indonesia Holding Company (PIHC), parent of state-owned fertilizer companies, booked a record Rp11.9 trillion of net profit in the first half ended June 30, 2022, skyrocketed from Rp2.68 trillion in the corresponding...
Read MoreCOVID-19 Situation Report: Ominous Signs
Southeast Asia sees a rise of new COVID-19 cases. Thailand has logged over two thousand cases in the past five days. Its capital city Bangkok is the epicenter of the new wave of infection. Malaysia has also struggled with new cases hovering in the four digits, with officials suspecting things to get worse. In the Philippines, hospitals are reportedly overwhelmed after over nine thousand new cases were reported on Monday.
Read MorePolicy Issues
President Joko Widodo asked the Ministry of Industry to examine an expanding and deepening luxurious tax for motorized vehicles with cylinders more than 1,500 cc, with a local component of a minimum of 70%. Last month, the Country launched a relaxation to the automotive industry to recover the economy.
Read MoreOn the Corruption in the Ministry of Religious Affairs: The Trials
On March 15, 2019, the Corruption Eradication Commission (KPK) conducted a sting operation and arrested several people, including Romahurmuziy (Rommy), the chairman of the United Development Party (PPP). A day after the operation, the KPK named Rommy as one of the suspects. Until a few weeks ago, Rommy insisted that he was not involved in the case. In the first hearing of the trials of the bribers held on May 28, 2019, we learned more details of the case from the Prosecutors indictments.
Read MoreMitra Investindo Spins Off Granite Mining Segment
Mitra Investindo (MITI) spinned off its granite mining segment, managed by PT Bintang Mahkota Sukses (BMS), to PT Sanmas Mekar Abadi (SMA). MITI has recently signed agreement with PT Indelberg Oil Indonesia (formerly PT Benakat...
Read MoreBTN Plans to Set Up Two Units This Year
PT Bank Tabungan Negara (BTN) Tbk (BBTN) targets to set up two units or subsidiaries this year through acquisition and setting up joint venture (JV) entities. The new entities will engage in multifinance business. BBTN is set to...
Read MoreThe Mysterious Death of Marliem (4): Media Exposure
Ministry of foreign affairs confirmed Saturday (August 13) that Johannes Marliem, key witness of e-KTP corruption case, died in Los Angeles Thursday morning. US authorities have reportedly confirmed identity of Marliem to Indonesian Embassy in Washington DC, but provided no further detail. His death leaves behind a big mystery.
Read MorePresidential Threshold: Jokowi’s & Kalla’s Maneuvre
The Election Bill is still being discussed at the House of Representatives (DPR). The fate of the presidential threshold is at the heart of it. Both President Joko “Jokowi” Widodo and Vice President Jusuf Kalla are interestingly a part of the same chorus; asking for the current presidential threshold to be maintained.
Read MoreYan Bin’s Reignwood & Bakrie Group
Some continued speculative trading in shares related to Bakrie Group, which is seen in huge trading volume and volatility. Average trading volume of Bumi Resources (BUMI), the largest coal producer in Indonesia, for example, was 722 million shares per day in the past three months as thermal coal hovers above US$80 per ton. Average trading volume in Energi Mega Persada (ENRG), the oil and gas producer, was 561 million shares per day in the period.
Read MoreTrikomsel, Erafone & The Gadget-Crazy Nation
Indonesians, known for their crazy on new gadget, were not intimidated by significant depreciation of rupiah. Sales revenues of Trikomsel Oke (TRIO) and Erajaya Swasembada (ERAA), two of the country’s largest retailers of gadgets, posted sales revenue growth of 10% and 8.2% in nine months of 2014.
Read MoreBTEL & FREN: Merger?
PT Smartfren Telecom Tbk (FREN) and PT Bakrie Telecom Tbk (BTEL) have proposed to the ministry of information and communication to share the 800 MHz radio frequency spectrum, which could lead into the merger of both entities, Bisnis Indonesia reported this morning. Bloomberg, meanwhile, reported few hours ago that BTEL and affiliates were sused in New York state court by investors, who claim the company breached its contract involving a $380 million bond issue.
Read MoreTelkom’s Investment in TiPhone: Who Gets What?
PT PINS Indonesia, subsidiary of state-owned telco giant Telkom (TLKM), has completed acquisition of 1.116 billion shares of PT TiPhone Mobile Indonesia (TELE) Tbk for Rp876.7 billion. It is a discount to the current price of TELE. But, who gets the most from the deal?
Read More