Krakatau Posco: Improved, but not enough

Apr 20, 2026 | Industries

POSCO, one of the world’s largest steel producers, has reportedly pledged to add US$4 billion investments in Indonesia until 2029 during President Prabowo’s recent visit to South Korea.  The expansion project has been delayed more than one decade after PT Krakatau...

BGN & the scaling up of corruption

Apr 20, 2026 | Market

The use of BGN’s budget has once again come under scrutiny. It is not about the contract value. It is about accountability of funds managed by BGN for the free ‘nutritious’ meal (MBG) program, given the scaling up to over Rp335 trillion this year from Rp71 trillion...

Hashim’s “normal “and the illusion of oversight

Apr 20, 2026 | Market, Politics

Hashim Djojohadikusumo described food safety failures in the government’s Makan Bergizi Gratis (MBG) program as “normal,” he may have intended to contextualize the challenges of scaling a massive initiative. But taken together with his remarks about...

E-catalog: Digital, but not intelligent

Apr 20, 2026 | Market

Public procurement system has gone digital. Through the platform managed by LKPP, ministries and agencies now purchase goods with a few clicks, bypassing layers of opaque tender processes that once defined state spending. On paper, this is progress: transparency...

Fast Food Indonesia: Improved, but still in red

Apr 20, 2026 | Market

PT Fast Food Indonesia Tbk (FAST), co-owned by the families of Gelael and Anthoni Salim, recorded net loss of Rp366 billion last year, fell 54% from 2024 despite almost zero growth in sales revenues. FAST, operator of Kentucky Fried Chicken (KFC) outlets, generated...

Shaky ceasefire

Apr 20, 2026 | Market

WTI crude futures plunged 11.45% to below US$83.9 per barrel on Friday after Iran announced that the Strait of Hormuz is now fully open to commercial traffic during the ceasefire period. Brent crude futures also fell 9.07% to US$90.4 per barrel. But, this morning WTI...

When watchdogs become brokers

Apr 17, 2026 | Law, Market

The arrest of Hery Susanto, chairman of Ombudsman Republik Indonesia, over alleged bribery tied to a nickel mining dispute should not be read as just another corruption case. It reveals something more troubling: the quiet monetization of state oversight. According to...

FITT, from hotel to mining

Apr 17, 2026 | Industries, Market

Shares of PT Hotel Fitra International Tbk (FITT) jumped 24.73% Tuesday  (April 14) to make market capitalization of Rp605.18 billion after the company announced plans to move into the mining sector. The rally continued Wednesday and Thursday, but retreated this...

Those continue to expand

Apr 17, 2026 | Industries

Vast majority of companies surveyed by Indonesian Association of Employers (APINDO) said they have no plans to expand businesses in the coming years, pointing to regulatory and policy uncertainties, but some continued to grow. PT Elecmetal Longteng Indonesia has...
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