Dividend ratio of state banks

Two state banks, Bank Mandiri (BMRI) and Bank Negara Indonesia (BBNI), have released their full year 2025 financials. Mandiri reported a tiny 0.9% growth in net profit to Rp56.3 trillion last year, slightly below private-owned bank BCA, which has substantially smaller...

Prasasti: Blurred lines between research and lobbying

Like many think tanks, Prasasti presents itself as an independent institution committed to data-driven analysis and objective policy recommendations. In practice, however, it also acts as a bridge between corporations and the government–a role that, by design, places...

Popularity is not performance

The latest survey by Indikator Politik Indonesia shows President Prabowo Subianto enjoying a strikingly high approval rating of 79.9 percent. On paper, that number looks like a political landslide. In reality, it may tell us less about government performance than...

Digs pocket deeper to bail out Krakatau Steel?

State steel maker PT Krakatau Steel (KRAS), which struggled for decades to make money, has Danantara as its saviour. After receiving US$295 million shareholders’ loan late last year, which likely be converted into equity, Danantara stepped in as investor to replace...

Danantara’s integrated poultry projects

ID Food, a state company involved in some food commodities, has over the weekend kicked off development of integrated poultry facilities in five locations under the Rp20 trillion investment from Danantara. The Phase I consists of facilities in Malang Regency (East...

Garam’s salt projects

Danantara, holding company for state plantations, through state salt producer PT Garam, had officially kicked off three projects to support national salt self-sufficiency in East Java province, expanding the company’s output by 380,000 tons annually. PT Garam project...

Defending manipulated stocks?

As predicted, composite index (IHSG) opened lower by 2.5% this morning due to correction in commodities-related stocks and the manipulated stocks. Some try to defend the inflated/manipulated stocks with share buyback program. Chandra Asri (TPIA), for example, set...

Bracing for further corrections

Announcement from the Central Bureau of Statistics (BPS) about Indonesia’s GDP growth of 5.11% last year failed to cheer up market participants. Rupiah weakened further to Rp16,887 this morning after 0.39% correction yesterday. Composite index of Indonesia Stock...
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