Another BGN controversy

Jun 9, 2026 | Market

As the Attorney General’s Office continues its investigation into three dismissed BGN leaders, another controversy linked to the Free Nutritious Meals (MBG) program has come to light. A businessman from Sukabumi, Munjayin, is demanding clarity over Rp 218.25 billion...

Fiscal sustainability: Cash-flow issues

Jun 9, 2026 | Market

Financial report of state electricity utility PT Perusahaan Listrik Negara (PLN) for full year 2025 revealed the ugly truth about the State’s cash-flow issue. A public hearing between the House of Representatives (DPR) and governors/regents on Monday (Jun 8) confirmed...

Regulating platforms, ignoring factories

Jun 9, 2026 | Industries, Law

When the government issued Trade Minister Regulation (Permendag) No. 19/2026 on electronic commerce (PMSE), the stated objective sounded difficult to oppose: give greater visibility to local products, strengthen consumer protection, improve transparency and ensure...

Plain packaging and the right to know

Jun 9, 2026 | Law, Market

Indonesia is once again debating a proposal that would require plain packaging for vape products. The stated objective is familiar: reduce the attractiveness of nicotine products, particularly among young people, by removing logos, colors, and other branding elements...

Questioning Danantara’s financials

Jun 9, 2026 | Market

Danantara, which was initially expected as a sovereign wealth fund, is said to issue global bonds worth up to US$5 billion. Little that we know what Danantara will do with proceeds from the global medium term notes (MTN) amidst questions about funds raised from...

Tifico Fiber expands into property

Jun 9, 2026 | Market

Polyester staple fiber (PSF) manufacturer PT Tifico Fiber Indonesia (TFCO) Tbk, which suffered net loss of US$1.7 million in the first quarter of 2026, has decided to expand into commercial property sector. Tifico plans to use its 11,267 sqm of land in Gayungan,...

Further market corrections

Jun 8, 2026 | Market

We haven’t seen the bottom. Composite index of IDX (IHSG/JCI) ended further down by 4.52% to 5,342 Monday (Jun 8) as foreign investors continued ‘sell Indonesia’. Rupiah also weakened further, where some banks offered US dollar bank notes above Rp18,200. Foreign...

Declining forex reserves

Jun 8, 2026 | Market

Bank Indonesia announced the country’s foreign exchange reserves at US$144.9 billion by end of May 2026, down from US$146.2 billion in the previous month. While enough for 5.5 months of import, remains above international standard (3 months), forex reserves evaporated...

The abandoned infrastructure development

Jun 8, 2026 | Market

Infrastructure development was main theme of Jokowi administration. Jokowi tacitly supported Prabowo Subianto’s campaign in 2024 with a hope of continuation in modernizing the country’s public infrastructure. We all know, however, Prabowo administration uses most of...
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