Selective compliance in digital regulation

As the government pushes platforms to improve protections for minors online, social media companies have largely moved toward compliance. E-commerce platforms, however, are asking for negotiation, flexibility and gradual implementation. On the surface, such requests...

MBG lawsuit quietly disappeared

Last week, the Constitutional Court approved the withdrawal of a judicial review petition challenging provisions of the 2026 State Budget Law related to MBG. The petition had been filed by “MBG Watch,” a coalition of civil society groups that includes anti-corruption...

Ibrahim’s verdict becomes Nadiem’s greatest legal threat

The conviction of Ibrahim Arief in the Chromebook procurement scandal may have targeted a technology consultant, but politically and legally, the ruling represents a far bigger threat to Nadiem Makarim, the former education minister now under house arrest amid the...

Telkom’s weaker performance

Telkom (TLKM), the largest telco player, finally released its full year 2025 financial report. The company recorded net profit of Rp17.8 trillion, down 20.5% from 2024. Second largest player Indosat (ISAT), on the other hand, posted 12% growth in net profit to Rp5.5...

The inclusion of the 3B group in MBG coverage

The National Nutrition Agency (BGN) now requires all Nutrition Fulfillment Service Units (SPPG) to expand the beneficiary lists to include the 3B groups (pregnant women, breastfeeding mothers, and toddlers) within their respective service areas. The deadline is two...

Revisiting Parna Raya Group

Parna Raya Group, through its subsidiary PT Bara Blasting Perkasa, has recently kicked off construction of an integrated nitrate complex plant with US$300 million (approximately Rp4.9 trillion) of investment in Maspion Industrial Estate, Gresik, East Java province....

MSCI & Rupiah (2)

MSCI yet to downgrade Indonesia from emerging market status to frontier market, but kicking out six securities from the Global Standard Index and 13 stocks from the Global Small Cap Index feels like a downgrade.  No addition into the Standard Index, while only one...

MSCI Rebalancing: More Indonesian stocks kicked out

MSCI has announced the list of securities added and deleted from its Global Standard Index and Global Small Cap Index. Indonesia, Malaysia, Taiwan, and Japan are the biggest losers in the review.  MSCI kicked out six Indonesian stocks from the Global Standard Index...

Those continue to expand

Rupiah depreciated 6% in the past twelve months, but Kerney’s foreign direct investment (FDI) confidence index for Indonesia dropped to 13, way below Thailand (6) and Malaysia (7), which improved significantly. With that background, slowdown of investments from...

KoinP2P case

Prosecutors from the Jakarta High Prosecutor’s Office named three top executives of KoinP2P as suspects in an alleged corruption case tied to the disbursement of approximately Rp600 billion in loans through a cooperation scheme with state-owned lender Bank Rakyat...
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