Tempo English Weekly

Economy

Market Pulse: Dressing Up for Hot Money

When the political climate heats up, there will be movements of hot money that impact the fate of all Indonesians. These do not come from the illegal fruits of crime, however. Hot money is a term used in financial markets for short-term investment funds that can quickly move around in…

4132.jpg

The End of Divisive Leadership

Pertamina CEO Dwi Soetjipto was seen pacing the floor of his third floor office at the headquarters of the state oil and gas company, last week. Assisted by his secretary, he gathered his personal documents and belongings. "Just tidying up," Dwi told Tempo last Thursday.

Several paintings, framed photographs, and…

4131.jpg

Pertamina's Hot Seat

The replacement of a Pertamina director is never free from gossip. The names of potential candidates for the company's CEO were the subject of intense discussion last week. Just less than a week since CEO Dwi Soetjipto was removed, a number of Pertamina candidates were discussed. "Many names (are being…

4133.jpg

Petrol Mix Triggers Dispute

Today, only one pump at a fuel station at Jalan Ciater in South Tangerang sells Premium. In the past, the station had three Premium gasoline pumps, but the owner converted two of the three pumps for Pertalite.

Juan Tarin, chairman of the Indonesian Oil and Gas Entrepreneurs Association's (Hiswana Migas)…

4134.jpg

Transportation
Light Rail Transit Project Postponed Until 2019

President Joko Widodo has put off the completion target for the light rail transit (LRT) project until 2019. "I want to make certain that the LRT project development can be finished on time, either in 2018 or slightly later, to 2019," said Joko Widodo when opening a limited cabinet meeting…

Archive
Other Edition
Monday, October 09, 2017

From Kazanlak with Grenades

A meeting was held in the Unex Area Cargo building at Soekarno-Hatta Airport in Tangerang, Banten, Tuesday night last week. Its participants were from the National Police, the Indonesian Military (TNI) and the Directorate-General of Customs.

There were about 20 people in the room, including Chief of the Police Mobile Brigade (Brimob) Insp.