Danantara’s new tasking: Iconic towers

Jun 25, 2026 | Market

State fund management agency Danantara has been tasked by President Prabowo Subianto to redesign the 13.5 hectares area previously known as Hotel Sultan in Jakarta. Danantara CEO Rosan P Roeslani said on Monday that the strategic area will be managed by InJourney,...

Prabowo & Sjafrie-Dasco

Jun 25, 2026 | Market, Politics

The arrest of Silmy Karim, former vice minister of immigration, in a corruption case is interpreted by some as part of competition between key influencers close to President Prabowo Subianto, simply because of Silmy’s close relationship with Sjafrie Sjamsoeddin,...

AI for free meals?

Jun 25, 2026 | Market

An intriguing detail has emerged from a draft presidential regulation currently awaiting President Prabowo Subianto’s approval. Several provisions reportedly outline the use of AI in the government’s flagship Free Nutritious Meals (MBG) program, signaling that the...

Claude Tag: The end of the chatbot era?

Jun 25, 2026 | Market

This week, Anthropic introduced Claude Tag, a new AI system that operates directly inside Slack. Unlike traditional chatbots, Claude Tag functions more like a digital colleague. Team members can assign it tasks by tagging “@Claude” in a channel, and the system can...

Jokowi’s next move

Jun 25, 2026 | Politics

For much of post-election transition, the relationship between former president Joko “Jokowi” Widodo and President Prabowo Subianto appeared remarkably smooth. There were no visible rivalries, no competing power centers and no public disputes over policy. That phase...

The UBK bribery case

Jun 25, 2026 | Law, Politics

Abdimaludin, head of the Student Executive Board of Bung Karno University’s Faculty of Law, has admitted to receiving Rp 20 million to redirect a recent student protest he led. According to latest reports, the money was allegedly funneled through an unidentified...

Rupiah & the flight to quality

Jun 25, 2026 | Market

Bank Indonesia data pointed to 10.8% year-on-year growth of third party funds in the banking system last month, wherein funds in foreign currencies jumped 17.8%, way above rupiah (+9.6%). Why? Well, some pointed to flight to quality and natural hedging, wherein some...

Thin trading, net sell

Jun 24, 2026 | Market

Composite index of IDX (IHSG/JCI) dropped 3.56% Wednesday (Jun 24) following MSCI’s persistent threat of downgrading status of Indonesian stock market from emerging to frontier and further correction of rupiah. External pressures actually eased off with Brent crude...

Oil & Gas Journal: Pertamina’s BOD Bonus

Jun 24, 2026 | Market

Shareholder/Danantara opted to maintain the current board of state oil and gas company Pertamina. Tuesday’s shareholder meeting only replaced Heru Pambudi, former secretary general of ministry of finance, with Robert Leonard Marbun (new) as commissioner. That’s an...

Those continue to expand: Nickel Industries

Jun 24, 2026 | Commodities, Market

Shares of Nickel Industries Ltd, which operates mines, RKEF, and HPAL nickel smelters in Indonesia, advanced 0.75% to A$0.94 on the Australia Stock Exchange (ASX) this morning as investors responded positively the company’s framework agreement for a long-term nickel...