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The End of Probolinggo’s Corrupt Couple

Corruption Eradication Commission (KPK) investigators arrested Probolinggo Regent Puput Tantriana Sari and her husband Hasan Aminuddin, for their alleged involvement in trading administrative appointments. The KPK has been following this possible corruption case for two years, but was unsuccessful to make arrests until now as sting operation plans were frequently leaked.

Law Monday, September 6, 2021 Edition

Some Investors Turn to Crypto

In the midst of turmoil from the Covid-19 pandemic, cryptocurrencies are being recognized as commodity subjects. Futures exchanges are also preparing a physical market for digital gold. An interview with the Jakarta Futures Exchange Chief Executive Officer Stephanus Paulus Lumintang.

Economy Monday, August 23, 2021 Edition

Crypto Trading Can Be Misused if Not Regulated

Crypto assets become increasingly popular in Indonesia. In four months alone, from January to April, their transaction value reached Rp237 trillion, or a fourfold increase from throughout 2020. At least 5.6 million Indonesians now own various digital coins. Bappebti Chair, Indrasari Wisnu Wardana, explains his institution’s position regarding the new, largely unregulated market.

Cover Story Monday, May 24, 2021 Edition

Luhut Binsar Pandjaitan:
Why would I create such a company?

In a small visitors room across the swimming pool at his home in South Jakarta, Coordinating Minister for Politics, Legal and Security Luhut Binsar Pandjaitan welcomed the Tempo investigative team last week. He claims not to know Mayfair International Ltd., a shell company in the tax-haven Republic of Seychelles off the shore of East Africa, although his name is listed as its only director.

During the 50-minute interview, Luhut, 68, was accompanied by a number of his staff and senior management of his companies, including the finance director of Toba Sejahtra, Catherine Warouw, and the CEO of Kartanegara Energi Perkasa, Bambang Irawan.

Cover Story Tuesday, April 26, 2016 Edition

Budi Santoso, CEO Dirgantara Indonesia
The President can be the company's salesman

Aircraft manufacturer Dirgantara Indonesia has made known its disappointment at the government's plan to purchase an Agusta Westland AW101 helicopter, manufactured by British company Westland Helicopters jointly with Agusta from Italy. Ordered by the Indonesian Air Force, the plan became a hot topic public debate when it was reported that it was to become President Joko Widodo's mode of transportation when he goes on his blusukan, or unscheduled inspection trips, around the country.

Dirgantara regards the purchase to go against Law No. 16/2012 on the defense industry. The problem is that "something like that (the process) must involve the domestic industry," explained Dirgantara CEO Budi Santoso. Budi contends that his company is experienced in manufacturing Puma and Super Puma aircrafts. He feels the government would do better to order EC725 or Cougar aircrafts because they would be part of the Super Puma's development process, which is part of Dirgantara's program.

Interview Tuesday, December 8, 2015 Edition

Karun Arya Uber Communications, Southeast Asia and India
We're not a cab company but an apps business

As protests rejecting the Uber car hire company grew louder, Karun Arya found himself coming more frequently to Jakarta. Last month, this spokesman for Uber Southeast Asia and India was in Jakarta twice in a month. Now, he must be in Jakarta every week to attend meetings.

But Arya is used to facing rejection and protets, as he has in places like India and the Philippines and he is optimistic he will overcome these challenges in Jakarta. "I would like to come here for sightseeing, not to deal with problems," said Arya, when he was interviewed by Tempo reporter Syailendra Persada in Jakarta, last week.

Law Tuesday, September 22, 2015 Edition

Tex Suryawijaya :
Our company does not do brokering

In the fishery industry, the name Tex Suryawijaya is quite well-known. In the records of the Maritime Affairs and Fisheries Ministry, he is listed as the Semarang-born owner of the Pusaka Benjina Group, which operates a total of 96 boats out of Thailand. But since the moratorium became effective, 33 of them have not returned to port, avoiding the Indonesian waters.

The ownership of the foreign boats operated by Pusaka Benjina may be problematic, although Tex denied that his company avoided regulations. "Everything can be verified with certificates of the boats' change of ownership," Tex claimed, at an interview in Jakarta, two weeks ago. Throughout the interview, he was accompanied by Ahmad Jauzi and Legiman Soetrisno, executives of Pusaka Benjina Resources. A number of times, Jauzi joined in answering.

Investigation Tuesday, February 24, 2015 Edition

ASDP Indonesia Ferry Needs a Friend for a Change

Numerous transportation companies are having a difficult time due to mobility restrictions during the Covid-19 pandemic. ASDP Indonesia Ferry is among those facing the challenge. In May 2020, the ferry operator lost Rp71 billion a month. ASDP Chief Executive Officer (CEO) Ira Puspadewi acts quickly to implement various efficiency moves, particularly through digitization of passenger service.

Economy Monday, August 30, 2021 Edition

The Contributions of Cepu Block Towards Resilient Indonesia, Growing Indonesia

How do we assess oil and gas projects that contribute to the realization of “Resilient Indonesia, Growing Indonesia”?

How do they contribute to the rise of Indonesia's economic growth? What about their contributions to the transfer of knowledge for Indonesia? Or, their contribution to the development of the communities around their area of operations? Keep reading, we will get the answers to these three questions.

 

Inforial Monday, August 16, 2021 Edition

Indonesia’s Condition is Similar to China’s A Decade Ago

The Covid-19 pandemic has changed Indonesia’s demographics affecting the trends in the capital market. Indonesia Stock Exchange’s Commissioner Pandu Patria Sjahrir says enthusiasm of millennial and Gen Z investors has risen phenomenally during the pandemic. Since 2016, the number of young investors has grown to over 1.8 million with those aged 28 and below making up the highest increase. The rapid development of the digital technologies has opened the floodgates for tech companies and start-ups. One of the sectors most sought after by foreign investors is financial technology (fintech). Pandu, a businessman and an investor, who is also the chairman of Indonesian Fintech Association, says that in future fintech companies will not just focus on consumer lending but increase productive loans to support micro, small and medium enterprises through peer-to-peer lending.

Interview Sunday, June 27, 2021 Edition

Lagging Indonesian Education

The Organization for Economic Cooperation and Development (OECD), based in Paris, has published survey results on the competencies of Indonesian schoolkids in science, reading and mathematics. Indonesia’s score is 396 for competence in science, 371 for reading, and 379 for mathematics.

News Capsule Monday, December 9, 2019 Edition

Pupuk Indonesia’s Objection

IN the Opinion of Tempo’s July 23-29, 2019 entitled All Eyes on the SOEs mentioned: “There was also a bribery case at another SOE: fertilizer company Pupuk Indonesia. In March, the company’ marketing manager was detained by the KPK for allegedly bribing member of the Golkar Faction in the House of Representatives Bowo Sidik Pangarso, in order to smooth the way for the business.”

Letters Tuesday, July 30, 2019 Edition

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