The amendment of the Broadcasting is still under deliberation. The process has entered the stage of harmonization with Legislative Body (Baleg) and the House Commission I of the House of Representatives in charge of the process. Discussion, however, has reportedly reached a dead end due to differences of opinion between the two parties. The House Commission 1 considers Baleg as without authority in changing the substance of the amendment bill, whereas Baleg insists that they have the authority as per the law.

Petroselat Ltd, the subsidiary of PT Sugih Energy Tbk (SUGI), is on the edge of insolvency and they have only three weeks to find new investor after the previous potential investor suddenly cancelled their plan in the middle of the due diligence process. If Petroselat cannot make amends with the creditors after the deadline, then the process of insolvency will commence, but it would be a loss for the creditors.

The Corruption Eradication Commission (KPK) conducted a Sting Operation and arrested the Mayor of Cilegon Tubagus Iman Ariyadi (Iman). The KPK said the case uncovered a new method of bribery—by way of Corporate Social Responsibility (CSR) funds for Cilegon United Football Club (CUFC).

The Ministry of Environment and Forestry started the year 2017 by, among others, filing civil lawsuits against the companies that allegedly caused the forest fires in 2015. Four lawsuits were filed in four different district courts since the last week of 2016. The trial of two lawsuits had ended. One recently concluded, with the verdict read earlier this week for PT Waimusi Agro Indah. The Palembang District Court decided to partially grant the lawsuit, and stated that the Company was guilty of causing the 2015 forest fires. Nevertheless, the amount of compensation imposed on the Company is far from the amount demanded by the Ministry.

Depok-Antasari is one of toll road projects built to ease traffic congestion in the greater Jakarta area. Unfortunately that commercial operation of the toll road has repeatedly been pushed back. SBY regime initially expected commercial operation in 2014. While construction was faster during Jokowi-Kalla administration, people might have to wait longer due to conflicts between shareholders.

Petroselat Ltd, the subsidiary of PT Sugih Energy Tbk (SUGI), was declared bankrupt on July 5, 2017. Since then, Petroselat (the Company) has been trying to make amends with its creditors in order to avoid insolvency. In the meeting of creditors held on September 6, 2017, SUGI’s representatives revealed the name of the potential investor that may help the Company resolve its problems. At the same time, several creditors filed a police report against the Company’s director on allegation of fraud. Last week, the creditors conveyed their interest in taking over the Company and subsequently rejected the peace proposal filed by the Company.

The team of curators on the insolvency of PT Metro Batavia have just announced the plan to distribute the result of the auction of assets in the amount of Rp18.52 billion. This is the fifth stage of auction result distribution and also the last distribution because the team of curators failed to find more valuable assets belonging to the Company. The creditors’ acceptance of the plan within the next 7 days would mean the end of the insolvency process.

The Ministry of Trade announced that they had determined the highest selling price (HET) for three types of rice— premium, medium and special rice—after the Permendag No. 47/M-DAG/PER/7/2017 was cancelled. The Ministry of Agriculture also promulgated the supporting regulation. The regulations came into effect on September 18, 2017. Rice producers and sellers now have the obligation to register their product in order to improve on the monitoring of the implementation.