Those continue to expand

Rupiah depreciated 6% in the past twelve months, but Kerney’s foreign direct investment (FDI) confidence index for Indonesia dropped to 13, way below Thailand (6) and Malaysia (7), which improved significantly. With that background, slowdown of investments from...

KoinP2P case

Prosecutors from the Jakarta High Prosecutor’s Office named three top executives of KoinP2P as suspects in an alleged corruption case tied to the disbursement of approximately Rp600 billion in loans through a cooperation scheme with state-owned lender Bank Rakyat...

Disney’s Superapp

The Walt Disney Company reportedly began exploring a superapp integrating Disney+, theme parks, cruises, ticketing and merchandise into a single ecosystem, many saw it as another corporate technology experiment. In reality, the move signals something much bigger: the...

Soldiers vs movie

The controversy surrounding the documentary Pesta Babi may appear to be merely another dispute over a politically sensitive film. In reality, however, the public backlash reveals something far more serious: growing anxiety over the return of security institutions into...

KDMP & KNMP Managers: 2-Year Free Trial

In a media briefing on Monday (11/05), Finance Minister Purbaya Yudhi Sadewa revealed that salaries for village cooperative (KDMP) and fishing village (KNMP) managers will be funded by the state budget for the first two years. It sounds like a free trial. But what...

Rupiah and MSCI

Rupiah is moving closer to its new psychological level of Rp18,000 per US dollar. The currency was traded at Rp17,452 this morning, under pressure from tensions in the Middle East and persistent questions on fiscal sustainability.  Brent crude oil advanced to US$105...

Sulphur crisis

Sulphur supply difficulties and the rising prices due to Iran war and closure of the Strait of Hormuz have affected not only plantation companies but metal processing industry in Indonesia. Their margins will likely under bigger pressure in the second quarter onwards....

Salim’s Indomobil & Prabowo’s KDMP

The Red-and-White Village Cooperative (KDMP) is the second largest program from Prabowo administration after the free-nutritious-meal (MBG) program. Among the biggest spendings for KDMP is the purchase of 6-wheel trucks. Two India-based automotive players, Tata and...

Protecting banking reputation

The recent acquittal of eight bankers in the Rp1.3 trillion Sritex corruption case may have protected banking industry from immediate reputational shock. But it also exposed a deeper problem within the country’s legal and financial governance system: the uneasy...

Alleged corruption in Halal Certification procurement

Findings from an investigation by Indonesia Corruption Watch (ICW) point to alleged corruption in the 2025 procurement of halal certification services at the National Nutrition Agency (BGN), with potential state losses estimated at up to Rp 49.5 billion. ICW...
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