Nickel: Cut in plan, not supply (2)

Indonesian Nickel Industry Forum (FINI) estimated actual nickel ore production of 265 million tons, way below the approved work plan and budget (RKAB) of 379 million WMT. The country, accordingly, imported 15.84 million WMT of ores, mostly from the Philippines. That...

The dangerous signal from the Martabe saga

The controversy surrounding the Martabe gold mine has exposed a troubling pattern in Indonesia’s policymaking: decisions are announced first, and only afterward are the facts examined. The government’s handling of the Martabe permit is not just a sectoral issue in...

MBG budget reallocation

The Indonesian government seems comfortable ignoring criticism from its own citizens, but suddenly becomes attentive when an international rating agency speaks. Public concern meant little until Moody’s warned of fiscal strain from large-scale spending programs like...

If the land is damaged, why is the business still running?

The government’s decision to revoke the permits of 28 companies in Sumatra following a series of deadly floods was framed as a bold environmental intervention. Officials said the move was necessary to correct years of mismanagement, forest encroachment and ecological...

When a digital ministry cannot guard its own data

Ministry of Communication and Digital Affairs (Komdigi) is meant to be the state’s front line in protecting the country’s digital space. Yet the recent exposure of a recruitment database containing sensitive personal information has instead highlighted a far more...

A growing policy uncertainty

Hashim Djojohadikusumo, younger brother of President Prabowo, said on Wednesday that the President was so mad with the collapse of IDX composite index (IHSG) following decisions from global institutions like MSCI and Moody’s. On Monday and Tuesday, the president met...

Persistent huge losses at Fajar Paper

PT Fajar Surya Wisesa Tbk (FASW) or Fajar Paper, one of the largest paper manufacturers in the country controlled by Thailand’s SCG, reported net loss of Rp1.14 trillion last year, inched up from Rp1.1 trillion in 2024 due to a lot of factors. Fajar Paper’s sales...

Weda Bay Nickel: An outlier?

Eramet (France), partner shareholder in PT Weda Bay Nickel (WBN) with Tsingshan (China) and Aneka Tambang (ANTM), told investors on Wednesday (Feb 11) that Indonesian authorities have only approved nickel ore production quota of 12 million WMT this year, dropped 62.5%...

Nickel: Cut in plan, not supply

Ministry of energy and mineral resources (ESDM) has finally set nickel ore production quota between 260 million and 270 million WMT this year, which will be in the range of last year’s actual production.  The ministry might have received application to produce over...

Junk Rally returns, resisting changes

Composite index of Indonesia Stock Exchange (IDX) gained 1.37% in the morning session Wednesday (Feb 11), lifted by rally in stocks controlled by Prajogo Pangestu and some junk stocks. Prajogo was among five businessmen invited by President Prabowo for an exclusive...
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