Shares of tech company GoTo Gojek Tokopedia (GOTO) ended lower by 1.42% on Monday (Sep 12) even after it adjusted the ride-hailing tariff following the Transportation Ministry’s decision to raise online driving tariff effective September 11, 2022. GOTO adjusted tariff for all its services–GoCar, GoFood, GoSend, and GoMart, aiming to cover drivers’ operational daily costs.

PT Nusa Palapa Gemilang Tbk (NPGF), a national private company engaged in the fertilizer industry, recently filed a lawsuit against several parties at once, including its business partner PT Anugerah Berkat Gemilang (PT ABG). In its lawsuit, NPGF alleges that the defendants have defaulted and have liabilities worth more than Rp20 billion.

PT Java Star Rig (Java Star) and PT Atlantic Oilfield Services (PT AOS) have been declared bankrupt back in April 20, 2021 by the Commercial Court at the Central Jakarta District Court. This decision was predictable because the two companies have long been in dispute with one of their business partner. Even so, towards the end of last week, a new lawsuit was filed against both companies. The lawsuit mentioned that a peace agreement was promulgated in July 2022 and both companies were accused of failing to implement the peace agreement and a new lawsuit was filed to once again seek for the companies’ bankruptcy.

It's been less than a month since businessman Surya Darmadi, owner of Duta Palma Group, returned to Indonesia and turned himself in to the Attorney General's Office (AGO). The AGO alleged Surya of committing corruption which causes State losses amounted to over Rp70...

So far, the work of the Corruption Eradication Commission (KPK) seems to have focused more on cases that occurred in the State capital and other regions in western part of Indonesia. Almost never have we heard of a major corruption case in the eastern part of...

This week, the public was outraged by news of parole being awarded to 23 graft convicts, including for several notorious names. The anger is understandable, although we are not surprised because this situation always happens. We agree that the broken system needs to...

In a series of sting operations conducted from April 26 to April 27, 2022, the Corruption Eradication Commission (KPK) detained 12 people, including the Regent of Bogor, Ade Munawaroh Yasin (PPP). KPK named eight bribery suspects in the case including four auditors...

PT Aneka Tambang (Persero) Tbk (ANTM) is still facing many legal problems. In addition to business disputes with its partners, the company is also facing investigation on case of alleged corruption. In the latest financial report published during the weekend, the company briefly explains the status of each business dispute.

It has been nine years since the Financial Services Authority (OJK) revoked the business license of life insurance company PT Asuransi Jiwa Bumi Asih Jaya (AJBAJ) and around seven years since the company was declared bankrupt. AJBAJ continue fighting against the OJK but the last time we paid attention to the dispute was in 2018, we thought everything had been taken care of. We’re wrong. We recently learned that the bankruptcy process is not over yet even after all these years. What’s wrong? 

The enraging festive between irresponsible State apparatus and business actors in this scandal makes us wonder, what exactly happen? Along the chronology of events mentioned in the previouos article, how important Li Chen Wei is? What should we expect in the next hearings?