The Foreign Propaganda Bill

At Prabowo’s behest, the government is moving to draft a bill specifically aimed at combating disinformation and foreign propaganda. While the stated objective is to safeguard national sovereignty, critics warn that such a move could come at the expense of civil...

Efficiency measures help OCBC-NISP

Bank OCBC-NISP booked net profit of Rp5.06 trillion last year, an increase of 3.9% from 2024 despite 0.9% decline in net interest income (NII). Series of efficiency measures seemed to have helped the bank in growing operating profit by 12.2% last year. NISP saw 3%...

IDX CEO Resigns or Forced to Leave?

Iman Rachman has tendered his resignation as CEO of the Indonesia Stock Exchange (IDX) following substantial correction in the composite index (IHSG) related to Morgan Stanley’s recent decisions.  Iman has been CEO of IDX since June 2022. He was previously director of...

Reshuffle rumors

Rumors of an impending cabinet reshuffle have once again dominated political conversation. Unofficially, a growing list of ministerial names circulating in media reports and elite discussions suggests that President Prabowo Subianto may be quietly preparing a...

MSCI Constituents (1): DSSA

PT Dian Swastatika Sentosa Tbk (DSSA), an energy and ICT company controlled by Sinarmas Group, maintained its position in the MSCI Global Standard Index in August 2025 review whilst with substantially reduced weight (lower foreign inclusion factor) due to low...

Fuel imports and the problem of policy-driven shortages

Fuel shortages at several Shell-branded gas stations have reignited an old but unresolved question in downstream energy sector: is the country truly committed to competition, or does stability still trump market fairness? Shell Indonesia maintains that the disruption...

New minimum free float

So, the Financial Services Authority (OJK) plans to set a minimum free float of 15% for companies listed on the Indonesia Stock Exchange (IDX). This is one of the policies to respond calls from MSCI to boost market transparency and liquidity. Really? We don’t know yet...

Stability over disruption

President Prabowo Subianto’s decision to appoint 16 members of the Dewan Energi Nasional (DEN) is more than a ceremonial act. It offers a clear signal of how his administration intends to govern one of Indonesia’s most strategic sectors: energy will be managed through...
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