Waskita Beton in red still

Jul 14, 2026 | Market

Concrete precast manufacturer PT Waskita Beton Precast Tbk (WSBP), subsidiary of state EPC firm Waskita Karya (WSKT), booked net loss of Rp285.6 billion in the first half ended June 30, 2026, enlarged from the corresponding period last year due to squeezed margins....

Telkomsat’s direct-to-device bet raises bigger questions

Jul 14, 2026 | Market

Satellite industry has finally acknowledged a reality that has been reshaping global telecommunications for years: the future of mobile connectivity may no longer depend entirely on cell towers. Telkomsat’s decision to explore Direct-to-Device (D2D) satellite...

Retreats do not build integrity

Jul 14, 2026 | Law, Politics

President Prabowo Subianto has made retreats one of the defining features of his administration. Cabinet members, regional heads and officials responsible for the Free Nutritious Meals (MBG) program have all been assembled for intensive leadership retreats aimed at...

The Sukoharjo OTT

Jul 14, 2026 | Law

The Corruption Eradication Commission (KPK) has described the alleged extortion scheme in Sukoharjo as little more than a “copy-paste” of the previous administration. Investigators allege that Bupati Etik Suryani continued an established pattern of...

Financial discrepancies at Awan Tunai

Jul 14, 2026 | Market

PT Simplefi Teknologi Indonesia (Awan Tunai), a P2P lending for SMEs in FMCGs, is reportedly under huge financial pressures due to loss category loans. Creditors and equity investors in the startup are nervous about the issue.  Awan Tunai has reportedly taken more...

External pressures resumed

Jul 14, 2026 | Market

Brent crude oil futures surged as much as 10% to US$83 per barrel Monday (Jul 13) as US and Iran exchanged fresh strikes, while DXY (Dollar Index) advanced 0.3% to 101.28, mounting pressures on global currencies, including rupiah. The US military’s Central Command...

Default of PT Pos Indonesia

Jul 13, 2026 | Market

State postal services company PT Pos Indonesia defaulted payments of coupon for its sukuk due to cashflow issues. State fund management agency Danantara has launched investigative audit on the company after finding violations on governance, including indication of...

Sovereign ratings affirmed, but net sell continues 

Jul 13, 2026 | Market

Composite index of Indonesia Stock Exchange (IDX) advanced 1.92% Monday (Jul 13), while rupiah gained grounds following S&P’s decision to affirm Indonesia ratings at BBB/A-2 with stable outlook. Foreign investors, however, recorded net sell of Rp437.7 billion or...

Recent findings on the KDMP truck procurement

Jul 13, 2026 | Law, Market

The government, through PT Agrinas Pangan Nusantara (Agrinas), is undertaking a large-scale procurement of operational vehicles for the Red-White Village Cooperative  (KDMP) program. Before the process is completed, however, the anti-corruption watchdog Indonesia...

Key takeaways from Prabowo’s speeches

Jul 13, 2026 | Market, Politics

President Prabowo Subianto made some troubling remarks on various issues in his recent speeches, including a long speech on the commemoration of Cooperative Day, Sunday (Jul 12), in Jakarta. No scaling back First of all, Prabowo insisted that 81,000 village...