Thaioil, through its subsidiary, PT TOP Investment Indonesia, officially becomes one of the major shareholders of PT Chandra Asri Petrochemical Tbk after exercising the rights issue worth a total of US$1.1 billion.
State-Owned Enterprises Ministry appointed 12 public accounting firms as benchmarks for state-owned company audit services and part of structuring SOEs. However, there are several accountants with bad track records.
The House of Representatives (DPR) approves Nyoman Adhi Suryadnyana as the 5th member V of Supreme Audit Agency (BPK) despite failure to the administrative requirements. His appointment is prone to favor-returning politics.
The House of Representatives (DPR) approved Erika Retnowati as the head of the Downstream Oil and Gas Regulatory Agency (BPH Migas) for 2021-2025. She will be the first woman to assume the role.
The Maritime Affairs and Investment Ministry has issued a proposed Emergency PPKM regulation that will take effect on July 3-20, 2021. The government will close malls and ask offices to assign all workers to work from home (WFH).
The Indofood Group boss, Anthoni Salim, increased his stake in PT DCI Indonesia Tbk (DCII), a data center company, to 11.12 percent, totaling up to Rp 1.01 trillion.
The Ministry of Defense's plan to purchase firearms worth Rp 1,760 trillion has drawn criticism, as it involves arms dealers from Russia, Qatar, and France.
The Defense Minister, Prabowo Subianto, will spend Rp 1,750 trillion worth of budget for arms procurement. The budget is controlled by companies affiliated with several Gerindra generals and cadres.
