Domestic issues continue to weigh on rupiah

Brent crude oil gained 2.15% to US$96.3 per barrel this morning due to reports about fresh US strikes in Iran, but that’s not the main reason why rupiah steadily declines. Domestic major banks are now offering Rp17,850 per USD, moving closer to its new psychological...

When Rp100 Billion Feels Personal

In celebration of Eid al-Adha 2026, President Prabowo Subianto distributed 1,098 sacrificial cows worth Rp 100 billion, funded through the state budget. In other words, the cattle were purchased with public money, not from the president’s personal wealth. But the way...

The coming royalty war in AI economy

The government, through the Directorate General of Intellectual Property (DJKI), is studying the creation of a collective management organization to collect royalties from AI companies that use copyrighted materials to train their models. The proposal would function...

The right to forget, or the right to remember?

The adoption of the “right to be forgotten” in the revision of the Human Rights Law has reopened a difficult question: in a democracy, who gets to decide what society deserves to remember? The Ministry of Human Rights argues that the policy is necessary to protect...

Human rights without teeth

Indonesia’s proposed revision to the Human Rights Law is officially described as an effort to modernize and strengthen the country’s human rights framework. Yet the growing backlash from activists, academics, and National Commission on Human Rights itself suggests a...

Time’s up for Musim Mas?

Musim Mas, controlled by Karim Family, is said among 10 palm oil exporters being investigated for under-invoicing and transfer pricing prices alongside Wilmar International Ltd. Somehow, Musim Mas and Wilmar have also been implicated in the corrupt judges scandal...

Fresh pressures on Wilmar

SGX-listed Wilmar International Ltd is mentioned in the press as one of 10 palm oil exporters found of committing under-invoicing by minister of finance Purbaya Yudhi Sadewa. Purbaya went short in explaining details of the allegation, but this could lead to another...

Questioning the construction of 1,000 village cinemas

A member of the House of Representatives (DPR) has proposed allocating funds in the 2027 State Budget (APBN) for the construction of 1,000 village cinemas, with the stated aim of supporting the regional film industry. Yet amid fundamental problems still facing...

Back to where they belong

Shares of Chandra Asri Pacific (TPIA), a petrochemical company venturing into upstream (oil refinery) and downstream (gas station), dropped further by 11.75% to Rp1,765 Monday (May 25). It is the lowest position since November 2021 after MSCI kicking out the stock...

The politics of blaming customs

The government’s latest signal that some functions of the Directorate General of Customs and Excise may eventually be shifted to the newly formed Danantara Sumberdaya Indonesia (DSI) is more than a bureaucratic adjustment. It reflects a deeper political strategy...
error: Content is protected !!