Rethinking railway safety

Apr 29, 2026 | Market

The recent train collision at Bekasi Timur station exposed deeper issues in Indonesia’s traffic system, extending beyond road-user behavior to the safety of its public transportation infrastructure. In response, President Prabowo Subianto instructed the construction...

From financial risk to algorithmic risk

Apr 29, 2026 | Market

For decades, financial crises have followed familiar scripts. Excessive leverage, poor governance, or external shocks would trigger instability, and regulators—however imperfectly—would step in with tools shaped by past experience. Today, that script is being...

Corrupt tracks, deadly crossings

Apr 29, 2026 | Law

The latest summons of businessman Billy Haryanto by the Corruption Eradication Commission (KPK) should not be read as just another corruption probe. It signals a deeper systemic problem: how compromised procurement in Indonesia’s railway sector may be directly linked...

From viral governance to criminal liability: The fall of Arinal Djunaidi

Apr 29, 2026 | Law

Arinal, who served as Governor of Lampung from 2019 to 2024, has been named a corruption suspect in the alleged misuse of Participating Interest (PI) funds from the Offshore South East Sumatra oil and gas block. The case, involving hundreds of billions of rupiah,...

Palm oil players in Q1: Weaker margins (2)

Apr 29, 2026 | Market

Shares of Astra Agro Lestari (AALI) ended lower by 3.3% on Tuesday (Apr 28) on broad market sentiment. The company actually reported stronger performance than peers. It posted net profit of Rp373 billion in the first quarter, jumped by 35% from the same period last...

Retailers in Q1: ERAL, RANC & MIDI

Apr 29, 2026 | Market

Retailers performed relatively stronger in the first quarter 2026, helped by seasonal high spending from Lebaran holidays. Some of the retailers spent more cash in investing activities and hired more workers in the period.   PT Sinar Eka Selaras Tbk (ERAL) This...

GOTO’s first profit

Apr 29, 2026 | Market

Technology company GOTO Gojek Tokopedia finally reported net profit. In the first quarter of 2026, the company booked net profit of Rp256 billion against loss of Rp283 billion in the corresponding period last year. Interesting to see response from market players. GOTO...

AirAsia ‘improved’ in Q1, but still in red

Apr 29, 2026 | Market

Like flag carrier Garuda Indonesia (GIAA), budget airline operator AirAsia reported improvement in the first quarter on higher sales growth and lower maintenance costs. AirAsia generated sales revenue of Rp2.1 trillion in the quarter, an increase of 6% from the...

Rating downgrade, yet

Apr 28, 2026 | Market

Global rating agencies have downgraded Indonesia’s outlook from stable to negative, but yet to issue a full sovereign rating downgrade. It is about whether Prabowo administration would be willing to accept reality or facing sovereign rating downgrades. Indonesian...

Digital market, analog regulation

Apr 28, 2026 | Law, Market

Digital economy was built on a promise: empower small businesses, connect them to millions of consumers and remove traditional barriers to entry. For years, that promise held. Platforms like Tokopedia and Shopee became gateways for micro, small and medium enterprises...