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…

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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…

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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…

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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)…

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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…

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Tuesday, August 08, 2017

A Storm of Debt Tweets

Government loans taken during President Joko Widodo’s term have reached Rp1,000 trillion in two and a half years. Two opposition parties have fanned the issue and created clamor via social media.

For nearly four months Rico Rustombi had not been active on Twitter.