More support from Sjafrie to Haji Isam

Jul 7, 2026 | Market

Shares of PT Abadi Nusantara Hijau Investama Tbk (PACK), majority controlled by China’s CNGR Group, ended flat at Rp230 on Tuesday (Jul 7) to make a market capitalization of Rp7.45 trillion.  Haji Andi Syamsuddin Arsyad, popular as Haji Isam (Jhonlin Group), as you...

Indonesia-India economic relations

Jul 7, 2026 | Market

Some 16 agreements were signed in Jakarta Tuesday (Jul 7) during the state visit of India PM Narendra Modi including cooperation in defence industry, minerals for steel supply chain, steel, and critical mineral.  Among the interesting agreements are: 1/ Contract...

State banks, Agrinas Pangan & Cooperatives

Jul 7, 2026 | Market

TB Hasanuddin, lawmaker from PDIP, the only political party outside the ruling coalition of Prabowo, recently revealed cost of military training and basic cooperatives training per manager. The combined cost for those two training is Rp45 million per manager. We are...

KDMPs in unusual locations

Jul 7, 2026 | Market

Rice fields, mountain slopes, and the middle of the forest are probably not the first places that come to mind when people think of village cooperatives. But that is what appears to be happening, judging from the viral videos circulating online. The public joked about...

Krakatau-Osaka Steel partnership ends, others?

Jul 7, 2026 | Industries

State-owned steel manufacturer PT Krakatau Steel Tbk (KRAS) has officially ended its partnership with Japan’s Osaka Steel Co Ltd in PT Krakatau Osaka Steel (KOS) following years of poor financial performance. KRAS has on June 29, 2026 transferred all of its remaining...

Rupiah’s new normal

Jul 7, 2026 | Market

National banks offered USD bank notes for Rp18,070 this morning, while foreign banks at Rp18,135. Higher DXY, the first trade deficit in six years, and continued net sell of Indonesian equities by foreign investors contributed to rupiah’s ‘new normal’. Rupiah lost...

If TaniHub Can Be Prosecuted, Why Not the State-Owned Investors?

Jul 7, 2026 | Law, Market

Indonesia may have quietly entered a new chapter in its anti-corruption campaign. The prosecution of three TaniHub companies marks one of the country’s clearest applications of corporate criminal liability against a technology startup. Prosecutors are no longer...

Who needed the clarification?

Jul 7, 2026 | Market

The most interesting aspect of the Tokopedia layoff controversy is no longer whether reports of mass dismissals were accurate. It is how quickly the political establishment moved to contain the narrative. Within days of rumors claiming that as many as 90 percent of...

Merauke’s Never-Ending Promise

Jul 7, 2026 | Market

For more than three decades, the governments have returned to the same place with the same promise: Merauke will become the nation’s breadbasket. From the New Order’s agricultural expansion, to the Merauke Integrated Food and Energy Estate (MIFEE) under...

Rally continues, but foreign investors return to net sell

Jul 6, 2026 | Market

Composite index of IDX (IHSG/JCI) advanced 0.69% to 5,816 on Monday (Jul 6), but foreign investors returned to net sell position in a thin trading day. Big caps like BRI, BCA, BREN, and DCII led the rally, but correction in stocks like Telkom, Amman Mineral, Bayan...