Fuel costs squeeze Mulia Industrindo’s margins

Glass manufacturer Mulia Industrindo (MLIA) booked net loss of Rp158.7 billion in the first half of 2026 against profit of Rp29.1 billion in the corresponding period last year on lower sales and squeezed operating margins. Mulia Industrindo’s sales revenue declined...

External pressures eased off, but net sell continues

Composite index of IDX (IHSG/JCI) ended lower by 0.17% Monday (Jul 27) even when external pressures eased off with 8.3% retreat of Brent crude oil futures to US$90.2 per barrel on hopes from talks between Iran and Oman over the Strait of Hormuz. Trading was light with...

URI: New elite pipeline for government leaders

Indonesia is preparing yet another initiative in the education sector. On Wednesday (22/07), President Prabowo Subianto inaugurated the leadership of the Universitas Republik Indonesia (URI), an institution aimed at developing future leaders, particularly for...

Central bank governor resigns

Perry Warjiyo, governor of Bank Indonesia (BI), has tendered his resignation after seven years in office and less than six months after Thomas AM Djiwandono, nephew of President Prabowo Subianto, was sworn in as deputy governor. Minister of State Secretary Prasetyo...

Febrie’s case & high-profile names

Ariseno Ridwan, spokesperson of Hashim Djojohadikusumo (younger brother of President Prabowo Subianto), told Tempo on July 19, 2025 that oil trader Mohammad Riza Chalid (MRC) contacted Hashim twice related to the corruption case being investigated by the Attorney...

Prabowo’s approval slide is corruption warning

President Prabowo Subianto is still supported by a narrow majority of Indonesians, but the latest Saiful Mujani Research and Consulting survey marks the end of his administration’s political comfort. His approval rating fell from 81.2 percent in November 2025 to 51.1...

Beyond the seating chart

Officially, there is nothing unusual about Vice President Gibran Rakabuming Raka being seated away from President Prabowo Subianto during the latest cabinet meeting. The Palace explained it as a technical adjustment. Yet in politics, protocol is never simply about...

More prosecutor offices

President Prabowo Subianto’s decision to establish seven new district prosecutors’ offices (Kejaksaan Negeri) may seem like an administrative adjustment. But, it reflects a governing philosophy that deserves greater scrutiny: Indonesia is expanding the...

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...
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