Modern retail vs Prabowo’s Co-ops

Feb 25, 2026 | Market, Politics

Minister of trade affairs Budi Santoso said on Tuesday (Feb 24) that he would seek explanation from minister of village affairs Yandri Susanto regarding the later’s controversial statement about the importance to stop expansion of modern retailers like Alfamart and...

Nickel production cut: Further pressure on Hillcon

Feb 24, 2026 | Commodities, Market

Local media in North Maluku province quoted NGO leader last week that PT Hillcon Jaya Sakti, subsidiary of Hillcon (HILL), refused to pay salary of 700 workers since December 2025. It is not clear whether this is related to substantial cut of production quota granted...

Quiet layoffs (3)

Feb 24, 2026 | Market

Noises surrounding layoffs at Mie Sedap, instant noodle brand controlled by Wings Food, invited politicians to mount pressures leading to temporary stoppage of workforce downsizing. Most others, especially those listed on the Indonesia Stock Exchange (IDX), managed to...

Digital banks, so far (1): AlloBank

Feb 24, 2026 | Market

Shares of AlloBank (BBHI), controlled by Chairul Tanjung (CT Corpora), moved in narrow range this morning even when the digital bank reported 22.9% growth in net profit to Rp574 billion last year.  AlloBank recorded 26% growth in net interest income (NII) to Rp1.44...

Oto Multiartha vs Astra Otoparts

Feb 24, 2026 | Market

PT Oto Multiartha, an automotive financing company, posted net loss of Rp1.91 trillion last year against profit of Rp53.5 billion in 2024. Automotive component company Astra Otoparts (AUTO), on the other hand, reported 8.5% increase in net profit to Rp2.2 trillion...

Is this really a white-collar crime?

Feb 24, 2026 | Law, Market

The corruption trial surrounding former education minister Nadiem Anwar Makarim has entered a decisive phase at the Pengadilan Tindak Pidana Korupsi Jakarta. After the panel of judges rejected the defense’s preliminary objection, prosecutors have begun presenting...

Red and white village

Feb 24, 2026 | Market, Politics

Indonesia’s village fund policy was born out of reformasi’s promise: empower villages to decide their own development priorities. For nearly a decade, Dana Desa has financed roads, irrigation, clean water systems, health posts and small-scale economic initiatives...

LPDP: Taxpayers, Talent and the Trust Deficit

Feb 24, 2026 | Politics

The recent uproar surrounding an alumna of the Lembaga Pengelola Dana Pendidikan (LPDP) has exposed more than a viral social media controversy. It has laid bare a deeper tension in Indonesia’s social contract: What does the state truly expect in return when it funds...

More pushbacks, but…

Feb 24, 2026 | Market

The US-Indonesia Agreement on Reciprocal Trade (ART) has drawn more pushbacks from the society. The Indonesian Council of Ulema (MUI) sees it a new form of colonialism because provisions in the ART risk weakening the halal system established under the 2014 Halal...

LPDP Post-study oversight issues

Feb 24, 2026 | Politics

The recent viral case involving LPDP awardees is not necessarily representative of the program as a whole. However, it reopens a long-standing question that has often gone unaddressed: beyond the selection process, how effective is the oversight of alumni after they...