Indonesia’s Acquisition of Giuseppe Garibaldi

The Italian Senate has recently given the green light for Indonesia’s acquisition of the retired carrier Giuseppe Garibaldi. Classified as a grant, the Indonesian government has framed the move as a cost-effective way to support the national armed forces’...

Fighting economic crime, or centralizing power?

The latest draft regulation on economic crimes, reportedly being prepared in the form of a government regulation in lieu of law (Perppu), arrives with a familiar justification: the need for speed, strength and coordination in tackling increasingly complex financial...

Jakarta’s new strongman

The elevation of Deddy Suryadi to a three-star general while serving as Jakarta’s military commander marks more than a routine promotion—it reflects a quiet but significant recalibration of power at the heart of Indonesia’s political system. Traditionally, the...

Termination of K-Water’s Contract (2)

President Prabowo Subianto is scheduled for an official visit to Seoul, South Korea next week (March 31-April 2nd) to strengthen bilateral relations. Yonhap news agency reported that Prabowo and his counterpart Lee Jae Myung will discuss trade, investment, defence,...

Bracing for more pressures 

Composite index of Indonesia Stock Exchange/IDX (IHSG) dropped 1.9% Thursday (Mar 26), dragged down by correction in a lot of inflated stocks and global uncertainties. Dow Jones Industrial Average (DJIA), meanwhile, ended lower by 1% Thursday as Brent crude oil...

Termination of K-Water’s Contract

Ministry of public works has on March 11, 2026 sent a letter for termination of cooperation agreement with PT Karian Water Services (KWS), a joint venture between South Korea’s K-Water and state-owned EPC firm Adhi Karya (ADHI), regarding the Karian-Serpong regional...

Everybody falls, except Dato Tahir

Two months have gone since MSCI shocked Indonesian stock market. Most inflated stocks have fallen. Some lost more than 70%. Mayapada Hospital (SRAJ) and Maha Properti (MPRO), two companies controlled by Dato Tahir, however, lost only 8.9% and 18.5% in the period. MD...

Amman Mineral’s missed opportunity

Amman Mineral International (AMMN), the second largest gold and copper producer in the country, missed the opportunity to report a record net profit last year. While others reported strong financial performance from higher price of gold and copper, AMMN suffered 61%...

Reality check on Chandra Asri

Shares of Chandra Asri Pacific (TPIA), involved in oil refining and petrochemicals, declined 3.3% to Rp5,075 in the morning session Thursday (Mar 26) amidst uncertainties in the Middle East. The stock has lost 50% from its recent peak despite accounting gain from...
error: Content is protected !!