Barito Renewables = 5x EDC?

IDX-listed renewable energy player Barito Renewables (BREN), controlled by Prajogo Pangestu, has reportedly submitted a non-binding offer to acquire Energy Development Corp (EDC), the largest renewable energy player in the Philippines, for US$5 billion. EDC has a...

Adjustments in MBG program

The National Nutrition Agency (BGN) has disclosed President Prabowo Subianto’s directive to review the MBG budget, including whether the Rp 15,000-per-portion allocation remains feasible for implementation outside Java. The review could be crucial as the government...

Governance issue & the SAL debate in Parliament

The most consequential exchange during Finance Minister Purbaya Yudhi Sadewa’s recent hearing before the House of Representatives (DPR) was not about money. It was about process. At issue was the government’s decision to place State Budget Surplus (Saldo...

Reform before rewards

Indonesia is once again debating whether the military (TNI) and National Police (Polri) should receive higher salaries. Government officials insist no decision has been made, but the mere emergence of the proposal is revealing. It suggests that increasing the welfare...

PDIP vs. Zulfan Lindan

The lawsuit filed by the Indonesian Democratic Party of Struggle (PDIP) against former party politician Zulfan Lindan and media platform Total Politik illustrates more than a dispute over reputation. It raises a larger constitutional question: where does political...

Xinyi Solar & Prabowo’s ambitious 100 GW Project

President Prabowo Subianto has recently challenged Bahlil Lahadalia (energy & mineral resources minister) and Rosan P Roeslani (CEO of Danantara, minister of investment) to immediately implement an ambitious solar power project with 100 GW capacity. Last week,...

Abadi LNG Project: A groundbreaking without FID

After more than two decades of talks and delays, President Prabowo Subianto kicked off development of the Abadi LNG project in Masela Block, Maluku province with estimated investment of US$20.9 billion. Final investment decision (FID) for the project, however, has yet...

First substantial net buy

Composite index of IDX (IHSG) gained 1.1% Thursday (Jul 16) as foreign investors recorded a substantial net buy of US$67.86 million in Indonesian equities Thursday (Jul 16), the first in quite sometime.  Blue chip stocks lifted the index as Astra International jumped...

Net sell drops, but perception risks persist

Composite index of IDX (IHSG/JCI) ended slightly higher by 0.04% Wednesday (Jul 15), a second consecutive day in flat, as net sell by foreign investors declined significantly to US$8.43 million, lifting year-to-date net sell to Rp77.57 trillion or US$4.29 billion....

A joke that exposed a bigger governance problem

During a recent hearing with House Commission VIII, Religious Affairs Minister Nasaruddin Umar quietly left before the meeting concluded to attend another official engagement. Seeing the minister depart while legislators were still discussing ministry affairs,...
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