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New Straits Times
3 days ago
- Sport
- New Straits Times
Malaysia say 'no friendly' to Indonesia
KUALA LUMPUR: For a change, the national football team get to say no to others. For years, Malaysia found it hard to get teams to play international friendlies against them due to the country's low world ranking. But this time, the FA of Malaysia (FAM) has reportedly turned down an invitation from the Indonesia FA (PSSI). Indonesian media reported PSSI president Erick Thohir as saying that their proposal to have a friendly with Harimau Malaya in September was turned down by FAM. "We have long missed playing against Malaysia. One opportunity was during the Fifa window in September. We extended an invitation to Malaysia. "However, perhaps the Malaysia senior team have other considerations as they are currently in the process of strengthening the squad," said Erick. He said fans, too, are eager to see a clash between these Southeast Asian rivals, who have not faced each other for some time. Their last meeting was four years ago with Indonesia beating Malaysia 4-1 in an AFF Cup match. FAM secretary-general Datuk Noor Azman Rahman confirmed that Malaysia had rejected the PSSI invitation as national head coach Peter Cklamovski has other plans for Harimau Malaya.
The Star
7 days ago
- Business
- The Star
Tensions rise between Garuda and pilots' union over recruitment
The Garuda Pilot Association has urged President Prabowo Subianto and State-Owned Enterprises Minister Erick Thohir to conduct a thorough evaluation of the newly appointed management at the airline. — The Jakarta Post JAKARTA: Tensions are rising between flag carrier Garuda Indonesia and its pilots over disputes regarding the new leadership's hiring policy. The Garuda Pilot Association (APG), part of Garuda's employee union, has urged President Prabowo Subianto and State-Owned Enterprises (SOEs) Minister Erick Thohir to conduct a thorough evaluation of the newly appointed management at the airline. This came after the recent recruitment of several former employees of Lion Air, the country's largest private airline, a move APG described as one of the main sources of conflict between management and staff. 'We've identified several irregularities in the recruitment process that must be reviewed, particularly from a good corporate governance standpoint,' APG vice-president Rendy Wiryo Kusumo was quoted by Tempo as saying. Mufti Anam, lawmaker at the House of Representatives' Commission VI, which oversees SOEs, raised similar concerns during a meeting in May, citing unverified reports that the new hires were paid from 25 million rupiah to 117 million rupiah, adding roughly one billion rupiah to Garuda's monthly payroll expenses. The pilots union deemed the amount as unusual and criticised the move as inconsistent with a push from the government and the company for cost efficiency. It urged management to conduct an evaluation to ensure the airline's sustainability, in upholding safety standards and delivering top-tier services to customers. Garuda reported a US$75.9mil net loss in the first three months of this year. Last year, it reported a US$29.9mil net loss. The airline had just averted bankruptcy after it acquired creditor approval to restructure its liabilities in mid-2022. The hiring decision also raised eyebrows, as Garuda Indonesia's current chief executive officer (CEO) Wamildan Tsani Panjaitan, appointed by the SOEs ministry last November, is a former CEO of Lion Air. Beyond the hiring controversy, the union has also flagged poor communication between Garuda's management and employee representatives. APG accused the management of viewing the union as an adversary rather than a strategic partner, noting that the company even reported several union leaders to the police over public statements. The union condemned the abrupt halt of automatic payroll deductions for union membership fees, interpreting the move as a sign of bad faith that further strained labour relations. — The Jakarta Post/ANN
The Star
27-05-2025
- Business
- The Star
Tension arises between Garuda Indonesia and its pilots union over recruitment
Technicians prepare a Garuda Indonesia plane for a test flight using sustainable aviation fuel on Oct 27, 2023, at Soekarno-Hatta International Airport in Tangerang, Banten. - Photo: Antara file JAKARTA: Tensions have risen between flag carrier Garuda Indonesia and its pilots over disputes regarding the new leadership's hiring policy. The Garuda Pilot Association (APG), part of Garuda's employee union, has urged President Prabowo Subianto and State-Owned Enterprises (SOEs) Minister Erick Thohir to conduct a thorough evaluation of the newly appointed management at the airline. This was following the recent recruitment of several former employees of Lion Air, the country's largest private airline, a move APG described as one of the main sources of conflict between management and staff. 'We've identified several irregularities in the recruitment process that must be reviewed, particularly from a good corporate governance standpoint,' APG vice president Rendy Wiryo Kusumo said on Monday (May 26), as quoted by Tempo. Mufti Anam, lawmaker at House of Representatives Commission VI, which oversees SOEs, raised similar concerns during a meeting in May, citing unverified reports that the new hires were paid from Rp 25 million (US$1,538) to Rp 117 million, adding roughly Rp 1 billion to Garuda's monthly payroll expenses. The pilots union deemed the amount as unusual and criticized the move as inconsistent with a push from the government and the company for cost efficiency, urging management to conduct an evaluation to ensure the airline's business sustainability, particularly in upholding safety standards and delivering top-tier service to customers. Garuda saw a US$75.9 million net loss in the first three months of this year, its financial statement shows. Last year, it saw a $29.9 million net loss. The airline had just averted bankruptcy after it acquired creditor approval to restructure its liabilities in mid-2022. The hiring decision also raised eyebrows, as Garuda Indonesia's current CEO Wamildan Tsani Panjaitan, appointed by the SOEs Ministry in November of last year, is a former CEO of Lion Air. Beyond the hiring controversy, the union has also flagged poor communication between Garuda's management and employee representatives. APG accused the management of viewing the union as an adversary rather than a strategic partner, noting that the company even reported several union leaders to the police over public statements. The union further condemned the abrupt halt of automatic payroll deductions for union membership fees, interpreting the move as a sign of bad faith that further strained labour relations. Garuda's responses Responding to the pilot union's demands, Garuda Indonesia's director of human capital and corporate services Enny Kristiani defended the company's recruitment process, saying it was carried out in line with internal policies and aimed at accelerating the airline's ongoing transformation. 'The recruited employees are on fixed-term contracts. Their compensation is determined based on company guidelines and aligned with prevailing market benchmarks,' Enny said in a statement on Tuesday (May 27). She emphasised that Garuda remains committed to maintaining open communication with its employees, including union representatives and that it continues to provide operational support for union activities. Regarding the suspension of automatic payroll deductions for union membership fees, Enny said the policy has been in place since last year. The goal, she added, is to uphold union independence and return the decision to join a union directly to employees. The company also confirmed that it had filed police reports against three individuals who, it claims, represented themselves as union members and spread misinformation about the recruitment process. 'The dissemination of false information has damaged the company's credibility among investors, customers and employees,' Enny said. - The Jakarta Post/ANN
Bloomberg
10-03-2025
- Business
- Bloomberg
Indonesia to Run Palm Plantations Seized from Troubled Firm
The Indonesian government took over management of palm oil plantations seized from a corporation facing a graft probe, under an initiative that may be extended to other troubled commodity-production sites. State-owned PT Agrinas Palma Nusantara will take over the running of 221,000 hectares (546,000 acres) — roughly the size of Tokyo — in Riau and West Kalimantan provinces from Duta Palma Group, based on a deal signed at a press conference by State-Owned Enterprises Minister Erick Thohir and Attorney General ST Burhanuddin on Monday.
Yahoo
28-02-2025
- Business
- Yahoo
President Prabowo Inaugurates Pegadaian Gold Bank Service, BRI Group Optimistic in Strengthening the National Economy
JAKARTA, Indonesia, Feb. 28, 2025 /PRNewswire/ -- PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) – President of Indonesia, Prabowo Subianto, officially inaugurated the Pegadaian Gold Bank Service and Bank Syariah Indonesia (BSI). This inauguration marks a significant milestone for Pegadaian, a subsidiary of BRI (BRI Group) and a member of the Ultra Micro Holding alongside Permodalan Nasional Madani (PNM), with BRI as the parent company. The inauguration ceremony was symbolized by President Prabowo Subianto placing a gold bar into a treasure box. "I, Prabowo Subianto, President of the Republic of Indonesia, hereby inaugurate the Pegadaian Gold Bank Service and Bank Syariah Indonesia," declared President Prabowo Subianto. President Prabowo Subianto expressed hope that the establishment of the Gold Bank could contribute to Indonesia's GDP by approximately IDR 245 trillion, create 1.8 million new jobs, strengthen foreign exchange reserves, and help reduce foreign exchange outflows. The inauguration was also attended by key government and industry leaders, including Coordinating Minister for Economic Affairs Airlangga Hartarto, Minister of State-Owned Enterprises (BUMN) Erick Thohir, Minister of Finance Sri Mulyani Indrawati, Minister of Energy and Mineral Resources Bahlil Lahadalia, Minister of Investment and Downstream Industry Rosan Perkasa Roeslani, and Governor of Bank Indonesia Perry Warjiyo. In his report, Minister of State-Owned Enterprises (BUMN) Erick Thohir highlighted that the Bullion Bank initiative aims to tap into 1,800 tons of gold owned by the public. BRI President Director Sunarso emphasized BRI's confidence in the Gold Bank initiative, "As the parent of the Ultra Micro Holding, which includes Pegadaian and PNM, BRI is fully committed to supporting the success of this Gold Bank program." Pegadaian President Director Damar Latri Setiawan also expressed optimism that the Gold Bank will accelerate economic growth. "Beyond pioneering the Gold Bank, this marks a new milestone where Pegadaian plays a key role in supporting the Asta Cita vision," Damar said. As of 2024, Pegadaian managed 90 tons of gold, with sales reaching 9 tons, a 35% increase from the previous year. Meanwhile, BRI's Gold Investment feature on the BRImo app, launched in February 2024, recorded a transaction volume of IDR 279.8 billion by December. "Through the Gold Bank, BRI Group is optimistic about contributing to Indonesia's economic acceleration by providing broader access to gold investments," concluded Sunarso. For more information about BANK BRI, visit View original content to download multimedia: SOURCE PT Bank Rakyat Indonesia Tbk (BRI) Sign in to access your portfolio
