Sarana Pembangunan Riau and Kingswood Capital Dispute in Langgak Block
The partnership between Riau regional company and Kingswood Capital Ltd resulted in criminal charges, with two top executives now facing allegations of embezzlement.
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The partnership between Riau regional company and Kingswood Capital Ltd resulted in criminal charges, with two top executives now facing allegations of embezzlement.
Startups owned by Gibran Rakabuming Raka and Kaesang Pangarep are flooded with venture capital injections. Assisted by a presidential advisor.
The construction of the new capital (IKN) resulted in environmental damage and health problems in other regions. It should be halted.
The government must halt the construction of the Nusantara Capital City. It could become a ghost town in the future.
President Jokowi disbursed Rp71.8 trillion of state budget funds for the Nusantara Capital City (IKN) project. Investors are waiting for certainty about who will reside in the new capital.
Despite decreasing eruption activity, the aftermath of Mount Marapi’s eruption in West Sumatra caused devastating floods and landslides in multiple regions, claiming scores of lives.
Deforestation covers an area of 2,464 hectares in Nusantara Capital City. Functional conversion of land threatens watershed areas, giving rise to a source of floods.
Sharia banks offer many services to attract customers. However, it is difficult for them to compete with conventional banks due to having less capital.
Waskita Karya finds it difficult to raise working capital after restructuring its debts. It is difficult to get bank guarantees for large infrastructure projects.
A number of state-owned construction companies are doing whatever they can to get the capital needed to complete government-assigned infrastructure projects. Construction SOEs’ debts are soaring.
National Development Planning Minister cum National Development Planning Agency Chief Suharso Monoarfa talks about the issues surrounding the funds and the construction stages of the new capital city in Kalimantan. The country’s political map will largely determine its fate.
The government and the DPR are to move the national capital city through a decision reached with minimal public participation. It is a threat to the environment and to the state budget.
International journalists have found issues with Covid-19 rapid test kits. India and Spain are complaining about the inaccuracy of Chinese-manufactured test kits.
Anies Baswedan frequently communicated with business owners and academicians to prepare for setting limitations on movement in the Capital. There is a lobbying effort to relax regulations set by the minister of health.
President Jokowi is involving three international figures in the planning of the new capital. This is more of a problem than a solution.
Industrial plantation forest concession owned by Sukanto Tanoto’s company will become the center of Indonesia’s planned new capital in Kalimantan. The government is preparing a range of compensations.
Capital Cities say many things. They are metonyms.
The government’s hasty plan to move the nation’s capital to East Kalimantan is not solving anything.
PRESIDENT Joko Widodo plans to relocate the administrative capital to a city outside Jakarta. A good idea, albeit a late one. Jakarta is already too crowded. We need a new, fresh city with a vast area to develop.
A mid severe floods that saw parts of Jakarta submerged at the end of April, President Joko Widodo rekindled the plan to move the capital city.
President Joko Widodo decided to move the capital out of Java during a limited cabinet meeting at the State Palace, Monday, April 29.
President Jokowi needs to consider his plan to relocate the capital. History shows that many nations have failed with similar projects.
Indonesians of Chinese descent have lived in Bagansiapiapi since the start of the 19th century. The kapitan's family helped steer the economy.
The e-commerce business is expected to continue its rapid growth next year. Its market remains wide open, while the number of players in the business is still far below saturation point.
A virtual class on capital market intricacies, taking place on the WhatsApp group 'BFA-88' two weeks ago, was particularly boisterous. Lessons on mutual funds given by the group's admin were met with responses, questions and feedback from members, while some also shared their experiences on the capital market
Yosmina Helena Tapilatu grew up to love the sea. Born in Ternate, North Maluku, she finally took the plunge into deep-sea research. Marine research, according to Yosmina, can bring large changes to the lives of many. "This is rewarding work," said Yosmina in an interview two weeks ago.
Yosmina is an oceanographic researcher at the Indonesian Institute of Sciences (LIPI). She is one of seven female researchers who work at the LIPI Deep Sea Research Center in Ambon, Maluku. There are 25 researchers with varying backgrounds at that marine research institution. Yosmina, however, specializes in marine microbiology research.
During a meeting break at his office last Monday, Coordinating Minister for the Economy Darmin Nasution pulled Transportation Minister Ignasius Jonan aside for a chat. He asked Jonan the latest status of the Jakarta-Bandung rapid railway project, which is listed as a strategic project of the government.
"Jonan, who put it on the list?" Darmin asked, as quoted by a senior official who witnessed the exchange. Jonan immediately responded, "I don't know. I thought you knew."
Two weeks ago, the cages for local cattle at the Tapos slaughterhouse in Depok, West Java, appeared deserted. Only two Bali cows could be seen tethered at the front of the 2,000-square-meter pen. By contrast, in the back, some 70 Australian cows stood crammed in a similar-sized pen.
Domestic cattle have become increasingly scarce in the capital city, crowded out by the import of foreign-raised cattle. Marina Ratna Dwi Kusumajati, CEO of Dharma, a Jakarta-owned slaughterhouse (RPH), said the number of heads of local cattle was indeed dwindling. "At the moment, 97 percent of slaughterhouses in Greater Jakarta are filled with imported cattle," she said Tuesday two weeks ago.
On the map of Asia, Indonesia has been given an appealing handle by The Economist Corporate Network. From a survey carried out in early 2015, the publication concluded that the second most attractive investment destination in Asia is Indonesia. The same survey noted that 57.9 percent of companies will be increasing their investments in this nation, with the fourth largest population in the world.
Franky Sibarani, chairman of the Capital Investment Coordinating Board (BKPM), who was sworn in last November, is prepping himself to receive these investors with open arms. A background in the corporate world, with nearly 25-years in strategic positions in the private sector, has led this former chair of the Indonesian Businesspeople Association (API) to totally understand what makes many businesses and investors hesitate to do business: the hassle of bureaucratic licensing. "I, myself, have been a victim," Franky told Tempo.
JAKARTA is often described as a microcosm of Indonesia. But the level of corruption in the capital city can no longer be classified as micro, given the same extent of crime committed at the national level, in terms of method, scale and the network of perpetrators involved. This can be seen in the 2014 Jakarta Regional Budget, which flowed over to this year.
Aburizal Bakrie wasted no time opening the meeting of the Red-White Coalition (KMP), composed of the political parties opposing President Joko Widodo's government. Attended by leaders of almost all the coalition parties, the meeting, held at the Bakrie Tower in South Jakarta last week, discussed the latest political developments related to a 2015 State Budget revision under discussion in the House of Representatives (DPR). The crucial point was the Jokowi administration's proposal for capital injections for state-owned enterprises (SOEs).
Lapindo Brantas is about to restart producing gas in Sidoarjo. It faces strict requirements over concerns of a recurring Porong incident.
A legal challenge on the use of state funds to compensate victims of the Lapindo case lost at the Constitutional Court.
Tapisa cloth woven in golden threadsis an icon of Lampung province. Even the provincial capital of Bandar Lampung, is described as the 'Shiny Tapis City." Once, Lampung's oldest traditional cloth used to be produced only by young girls because they would one day be wearing them on their wedding day. Today, the tapis has become a profitable business, penetrating even global markets. The tapis carnival at Bandar Lampung in October exhibited the diverse beauty of this traditional cloth. Tempo English correspondent Nurochman Arrazie reports from Lampung, Sumatra.
Mt. Merapi National Park is now strewn with Australian acacia following the eruption. The diversity of vegetation is threatened.
Ten years of Zapin dance revitalization efforts have resulted in the Zapin Center, formed to promote nationwide the original and unique dance from Jambi.
Mount Merapi erupted three times last week, spewing out hot and gaseous clouds. Immense energy still remains within the volcanic chamber.
Danny Nugroho acquired his shares in Bank Capital when he was young. The addresses of three other shareholders are just PO Boxes.
Optima Management is having difficulties returning the investments of three state-owned enterprises. Garuda Capital is ready to buy Optima out.
Something is not right with the police order to stop the Lapindo case investigation. Will this mean the end of their legal efforts?
On Friday two weeks ago, the gush of underground mud in Porong, Sidoarjo, some 200 meters from the Banjar Panji I gas exploration well owned by PT Lapindo Brantas, was exactly three years old. Fifty thousand people in 12 villages were rendered homeless by the disaster. This could be only the beginning of the tragedy. In March, a ring dam surrounding the source of mud collapsed as the earth beneath subsided. A daily flow of 100,000 cubic meters of mud is now directly impacting the external dam as the only dividing wall between 64 million cubic meters of mud and settlements. If this 3-meter-wide fortress gives way, a calamity like that in Situ Gintung, Tangerang, may recur.
The designation of the capital of Banggai Islands is solved by splitting the region.
The Bakrie Group is willing to pay the long-overdue payment of the outstanding 80 percent compensation for victims of the Lapindo mudflow disaster. However, this does not mean that the compensation issue is settled. Thousands of Sidoarjo residents are still rejecting this payment scheme.
A member of the DPR, Al-Amin Nasution, was arrested by investigators from the KPK two weeks ago. He is suspected of accepting bribe money from Azirwan, Secretary of the Government of Bintan Regency, Riau province, who also happens to be Chief Commissioner of PT Bintan Inti Sukses. Both men were arrested together.
The money was allegedly given to facilitate the process of rezoning 8,300 hectares of protected forest in Bintan. This area is to be transformed into the regency’s capital city and a major business area. This massive project involves a consortium of Singapore tourism companies and a Jakarta businessperson. The total project is valued at Rp13 trillion.
From Bintan, Tempo reports that construction had already begun on part of the protected forest before the legislature gave its approval on April 9. A few multistory buildings have already been built there.
What are the details and the complications involving this project? Is it true that Al-Amin is the only “insider” on the project? A number of Tempo sources said that two other DPR members attended the Ritz-Carlton meeting on the night that Al-Amin was arrested. Here is the complete story.
ZATAPI is becoming notorious. The imported crude oil product from Gold Manor has now resulted in Pertamina’s CEO coming under attack from all side. Aside from the company’s board of commissioners, it has also attracted the attention of the Attorney General’s Office and House of Representatives, who have caught wind of irregularities behind the importation of Zatapi crude oil.
A pile of documents indicates that a series of import tender procedures were violated. A Tempo investigation from Cilacap to Singapore has untangled the links between the oil “merchants” behind the company based in the British Virgin Islands. The importation of “black gold” it seems, remains an appealing field for the pursuit of dirty money.
There are irregularities in the Zatapi oil import tender. Current investigations should be the thrust for a complete overhaul of Pertamina.
Police deferred to send the Lapindo case dossier to court, even though they still believe the mudflows were caused by human error.
OUTSIDE the night was pitch-black and raining. Lit by a portable power generator, the stage inside was the scene of dancers, young and old, gracefully and spiritedly moving their feet back and forth to the rhythm of music played on gambus and marwas. That was Semarak Zapin Serantau, a regional zapin dance festival recently held in the small town of Bengkalis in Central Sumatra’s Riau province. Tempo reports on the festival which, despite the rain, made an impressive show of the traditional Malay dance.
Lapindo considers Medco’s letter about installing pipe casing to be misleading. The credibility of the company belonging to the Panigoro family is at risk.
Nine months after the Lapindo mudflow inundated the plains of Sidoarjo, making 10,000 people homeless, the National Mudflow Management Team still faces a mountain of tasks. But why must the government bear the Rp7.6 trillion relocation costs?
The directors and commissioners, also the shareholders can be sued in the Lapindo mudflow case.
Lapindo is officially separated from Energi Mega Persada. It wont be easy for Bakrie to regain lost trust.
Lapindo is officially separated from Energi Mega Persada. It wont be easy for Bakrie to regain lost trust.
The Cendana family delivered aid to Mt. Merapi refugees. There, Suharto offered an apology through his daughter.
Some 965 ex-GAM members received capital aid in March.
The monitoring post officers fear that Mount Merapi will erupt at any moment. However, the volcanos keeper is convinced that the mountain is still healthy.
In the last two weeks Mount Merapi has shown increased activity. The people living on the slopes of the volcano are responding to the danger in a traditional way.
When BII's capital adequacy ratio plummeted to minus 47 percent, IBRA didn't cut its losses. Instead, it came up with a plan to recapitalize it for the third time. Have all the risks been taken into considerationagain?
The fall of the Berlin Wall in 1989 prefaced the collapse of communism, as it did in the Soviet Union and in China, where it is slowly transforming into capitalism. Yet Cuba and Fidel Castro, wrapped in their own cocoon of socialism, have persevered. TEMPO's Hermien Y. Kleden recently visited Havana, where she met with Cubans of varied backgrounds and noted the unique Cuban way of life. The following is her special report.
Forget the usual small fry. The latest action to rid Jakarta of its hoodlum growth industry has so far netted roe. Extortion rules the streets of the capital.
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