Junk Rally Returns: Moratelindo
Shares of ICT infrastructure company Mora Telematika Indonesia (MORA) or Moratelindo jumped 25% Tuesday (Apr 14) to make a market capitalization of Rp135 trillion, bigger than combined market value of three biggest players—-Sarana Menara (TOWR), Mitratel (MTEL), and Tower Bersama (TBIG).
Worrying signs from Apindo Survey
The House of Representatives (DPR) is deliberating a new Manpower/Labour Law to amend the Law No. 13/2003. Drafters claimed that the labour bill will balancing protection of the workers’ rights, improvement of welfare and sustainability of businesses and investments. Association of Employeers (Apindo), however, remind lawmakers about declining competitiveness of the country’s investment climate.
The 8th Rights Issue for Matahari Putra Prima?
Retailer Matahari Putra Prima (MPPA) plans to issue 24 billion new shares at Rp50 per share to raise a total of Rp1.2 trillion. This is the eight rights issue from the company, which currently has a market value of Rp609 billion only.
Fuel shortage or market engineering?
Recent findings by the Komisi Pengawas Persaingan Usaha (KPPU) suggest a more troubling possibility: what if scarcity is not merely an accident of the market, but a byproduct of how the market itself is designed?
About Yasa Group
Yasa Group (PT Yasa Artha Trimanunggal), CEO Yenna Yuniana, and majority shareholder Andri Mulyono, made headlines recently following public outcry over the purchase of 25,000 premium electric motorcycle by the National Nutrition Agency (BGN) to support President Prabowo’s signature free meal (MBG) program.
Rupiah’s new normal (2)
Rupiah was traded Rp17,131 against US dollars this morning, a new low reflecting both global economic and geopolitical uncertainties plus series of domestic issues, including fiscal sustainability.
When the Hajj becomes a competition
Thousands of people rush to access an online ticketing portal at the same time, hoping to secure a seat at their favorite artist’s upcoming concert. This is the familiar scene of a so-called “ticket war”; a cut-throat competition where speed determines success. So when the Ministry of Hajj and Umrah floated the idea of a similar “ticket war” to shorten the ever-growing Hajj queue, one can’t help but wonder. What would the mechanism look like? And would it truly solve the existing problem?
Stark contrasts between rhetorics and actions
President Prabowo Subianto often talked about efficiency in government spending, but the National Nutrition Agency (BGN), which manages around US$20 billion budget this year (the largest among State institutions) did completely the opposite.
Fiscal squeeze or a new corruption model?
The corruption case surrounding Tulungagung Regent Gatut Sunu Wibowo raises a deeper question than individual wrongdoing. Is this scandal a symptom of tightening fiscal space in regional governments? Or does it signal something more troubling — the emergence of a new model of corruption in Indonesia’s decentralized system?
Political proximity builds towers—and parties merge
The reported merger talks between Gerindra Party and NasDem Party have been publicly denied. Yet in politics, denial often says less than timing. The sequence of events is difficult to ignore.