Vietnam’s rise to the world of steel

Vietnam was ranked 12th globally in crude steel production with output of 20 million tons in 2023. Three years later, the country joined the world’s Top 10 with output of 15.2 million tons in the first half of 2026, an increase of 26.9% from the corresponding period...

Week ahead

Escalated tensions in the Middle East remains in the spotlight for the new week as Houthis and Saudi Arabia exchanged attacks, while US-Iran conflict over the Strait of Hormuz intensified and Ukraine-Iran involved in a fresh conflict following an attack on commercial...

Oil retreat, net sell continues

External pressures eased off Friday (Jul 25) as Brent crude oil futures retreated nearly 4% to around US$96.8 per barrel. Foreign investors, however, continued selling pressures on Indonesian equities with net sell of Rp1.36 trillion or US$75.65 million. Foreign...

Valuation discount on state banks

Shares of Bank Mandiri (BMRI) ended substantially lower by 5.7% to Rp4,130 Friday (Jul 24) just when the state bank reported 24.2% growth in net profit to Rp30.4 trillion in the first half of 2026. It contributed to 1.88% fall of IDX composite index (IHSG). At the...

Indonesia’s defense shopping spree

Indonesia has signed a contract to procure 12 M-346F “Block 20” aircraft from Italian aerospace company Leonardo. This procurement adds to the government’s growing efforts to modernize the country’s defense equipment in recent years, particularly under Prabowo...

The Oegroseno case and the price of speedy investigations

Question has emerged following the National Police’s handling of the alleged corruption case involving land grants for the National Police Women’s Academy (Sepolwan). Former National Police deputy chief Oegroseno was invited for clarification only weeks...

PKB’s birthday, Prabowo’s stage

A political party’s anniversary is usually an opportunity to celebrate its own history, reaffirm its ideology and project its future. PKB’s 28th anniversary celebration, however, told a different story. While party flags filled the venue and senior cadres...

External pressures resumed, foreign net sell continues

Brent crude oil futures surged as much as 7% to US$101 per barrel due to escalated tensions in the Middle East. Foreign investors, in the meantime, returned to net sell position on Indonesian equities. Situation in the Middle East worsened with attacks by Iran-backed...

LiuGong heats up heavy equipment market

China-based LiuGong has recently begun the construction of heavy equipment manufacturing facility in Karawang, West Java province with US$317 million of investment (approximately Rp5.2 trillion). Sitting on 27 hectares of land in the Karawang Artha Industrial Hill...
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