Ray Dalio
So, while Elon Musk was a speaker at World Water Forum, Indonesian government managed to have Ray Dalio, founder of hedge fund Bridgewater Associates, as speaker at Indonesia African Forum (IAF) in Bali Island this week.
Kaesang’s private jet tour, SEA Limited, and FCPA
Shares of Sea Ltd, parent of Shopee, Garena, and SeaBank Indonesia, ended lower by 0.44% to US$82.81 on the New York Stock Exchange (NYSE) Monday (Aug 26) to make a market capitalisation of US$47.4 billion. Some netizens have urged investigations into Sea Ltd’s role in the tour of Kaesang Pangarep, chairman of PSI, a political party in Indonesia.
Those in the private jet with Kaesang
Social media posting from Erina Sofia Gudono, wife of Kaesang Pangarep (youngest son of outgoing president Jokowi and chairman of PSI), angered some netizens during and aftermath of the ‘Constitutional Crisis’ last week. Kompas, the largest newspaper in the country, followed that up with a stinging report about her flexing.
Chaotic election rules, Bahlil indirectly confirms Java King’s intervention
In just a matter of hours, the House of Representatives (DPR) and the government torpedoed the ruling from the Constitutional Court (MK) related to regional election law. DPR revised the existing laws (2016), which will maintain threshold of 20% seats in the regional...
Bahlil & Conflict of Interests
Five months ago, The Corruption Eradication Commission (KPK) has examined Hasyim Daeng Barang, director for mineral and coal downstream industry at ministry of investment related to the issuance of mining permits in the North Maluku province. This is a follow up of investigation into bribery case implicating the disgraceful North Maluku governor Abdul Gani Kasuba, who mentioned about involvement of Bobby Nasution (son-in-law of Jokowi) in nickel concession there.
Pressures on Peter Sondakh (3)
Some continue to wonder whether Felda will be able to execute the SIAC rule, which requires Peter Sondakh’s Rajawali Corpora to buyback shares in plantation firm Eagle High (BWPT) for US$678 million when most of his assets performed rather poor so far this year.
Hamzah Haz Passes Away
2024 has been an unfortunate year for the Islamic party PPP. The Party failed to pass the parliamentary threshold in the 2024 legislative election and consequently they will be excluded from the House of Representatives (DPR) for 2024-2029 period. On Wednesday (Jul. 24), former Chairman of PPP Hamzah Haz, who once served as Vice President (VP) during Megawati Soekarnoputri’s presidency from 2001 to 2004, passed away at 84 years old.
Lalu Muhammad Iqbal
What a birthday gift for Lalu Muhammad Iqbal from president elect Prabowo Subianto. Prabowo, in his capacity as supreme leader of Gerindra Party, issued a ticket for Iqbal to run as governor of West Nusa Tenggara (NTB) in this year’s election.
Free lunch & Prabowo’s Inner Circle
Free lunch and milk is signature program from the upcoming Prabowo-Gibran administration. Pretty much like Jokowi’s new capital city (IKN) Nusantara, the free lunch and milk will become the single largest project in the next five years. More than US$4 billion have been set aside from the State Budget for the first year of the program.
Changing guards
Didit Hediprasetyo, the only son of president-elect Prabowo Subianto, has been involved in high-fashion and haute couture for decades. His father will be sworn in as president on October 20, 2024, but Didit has been centre of gravity for quite sometime now.