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Bukalapak is making an initial public offering at the Indonesian Stock Exchange. Bambang Permadi Soemantri Brodjonegoro, Bukalapak’s President Commissioner, explains how the startup—which is still operating at a loss—can become the first startup to go public, with a transaction value that breaks a new record at the stock exchange.
Covid-19 drugs are becoming scarce as Indonesia faces its second wave of Covid-19. Pharmaceutical companies reportedly halted distribution after the health ministry set the maximum retail price limits (HET) for Covid medicines. In several areas, traders and pharmacies are hoarding the drugs.
Investigators at government ministries and state institutions now have the authority to investigate money-laundering cases. The Constitutional Court granted the request for a material review of Article 74 of the Law on the Prevention and Eradication of Money Laundering, and cancelled the interpretation that only six institutions has the right to hunt down those committing that crime. This has the potential to return over tens of trillion of rupiah of state funds.
We Are Not Selling Vaccines
Right after his appointment as Indonesian Chamber of Commerce and Industry’s (Kadin) Chair, Arsjad Rasjid launched the ‘War against the Pandemic’ movement. Alongside the Indonesian Military (TNI) and the National Police (Polri), he urged businesses to get involved seriously to fight the pandemic. Arsjad says Kadin is helping the government with vaccination and medical oxygen supply. But he dismisses the assertion that Kadin plans to sell vaccines through the Gotong Royong vaccination program.
The environment and forestry ministry reprimands two NGOs which are working with Sebangau and Batang Gadis National Parks. They are suspected of trading carbon.
There is no point in chasing economic growth by prioritizing prestigious projects when ultimately, the economy cannot move because it does not have enough vaccine coverage.
Waiting for Norway
Norway has not yet released US$56 million to Indonesia under the REDD+ arrangement. Negotiators from both countries are still deliberating the matter.
Against The Law
LEGAL aid workers (PBH) of the Padang Legal Aid Institute (LBH) stage a protest, demanding the repeal of the Mineral Mining Law, at the coal mining pit area in Talawi, Sawahlunto, West Sumatra, Thursday, July 29. The protest was held to support the judicial review of the Coal and Mineral Mining (Minerba) Law at the Constitutional Court requested by the Indonesian Legal Aid Institute Foundation (YLBHI), Mining and Advocacy Network (Jatam), Bandung LBH, Padang LBH, residents of Banyuwangi and residents of Bangka Belitung. The law is considered very damaging to the environment. Antara/Iggoy el Fitra
AN aerial photo of the Air Hitam water rafting area at the Kereng Bangkirai Pier, Palangkaraya, Central Kalimantan, Tuesday, July 27. The central government allocates budget assistance of Rp30 billion to improve the river rafting tourism area, and the pier, through the Special Allocation Fund (DAK) taken from the state budget. Antara/Makna Zaezar