Gaurav Srivastava, Hashim & Prabowo (3)

Jun 30, 2026 | Market

In the lawsuit filed by Niels Troost, a Dutch-based oil trader, against The Arkin Group and Victoria Kataoka, to the US District Court for the Southern District of New York last year, the plaintiff (Niels) inserted a photograph of Hashim Djojohadikusumo (President...

United Tractors data & the economy

Jun 30, 2026 | Market

Shares of United Tractors (UNTR) dropped 1.7% Tuesday (Jun 30) on broad market sentiment and negative responses from some investors on the company’s operational data for the first five months of the year. UNTR’s construction machinery (Komatsu) sales dropped 28%...

Taxing Security: When Justice Gives Way to Revenue

Jun 30, 2026 | Market

Every tax system ultimately rests on one principle: fairness. Citizens may accept paying taxes—even high ones—if they believe the burden is distributed justly. This is why the renewed debate over taxing Indonesia’s Old-Age Security (JHT) withdrawals deserves to be...

Exporting Talent, Importing Platforms

Jun 30, 2026 | Market

The latest partnership between the Ministry of Creative Economy (EKRAF) and Coda has been widely celebrated as a breakthrough for local game developers. By connecting Indonesian studios to Coda’s global payment and distribution network, the government hopes to...

Another agency is not the answer

Jun 30, 2026 | Law, Market

Indonesia has become remarkably adept at creating new institutions whenever governance problems emerge. When coordination falters, the instinct is to establish a coordinating body. When regulations overlap, the answer is often another agency. The proposal to establish...

Risk mitigation coming too late

Jun 30, 2026 | Market, Politics

The Ministry of Defense has further revised the training program for prospective KDMP/KNMP managers. Thirty-two pregnant participants have now been sent home and will be allowed to join a subsequent batch. More significantly, the program itself has reportedly been...

More coffee outlets

Jun 30, 2026 | Market

PT Erajaya Swasembada (ERAA) is set to open Oriental Kopi in Indonesia, through its subsidiary PT Era Boga Nusantara. ERAA, the largest distributor of cellular phones in the country, is now worth Rp5.7 trillion, only slightly above Fore Kopi Indonesia (Rp5.4...

Danantara and Lippo: No free lunch

Jun 29, 2026 | Market

Danantara has officially kicked off development of public housing project over 30 hectares of land ‘granted’ by Lippo Group in the controversial township project Meikarta, Cikarang, Bekasi, West Java province. It is considered a bold move from Riady Family, who has...

Merdeka Battery: Strong Q1, but…

Jun 29, 2026 | Market

Shares of nickel producer PT Merdeka Battery Materials Tbk (MBMA) ended lower by 0.4% to Rp494 on Monday (Jun 29) despite strong performance in the first quarter. Correction of nickel price in international market weighed on related stocks. MBMA, co-owned by Saratoga...

Trust deficit

Jun 29, 2026 | Market

Composite index of IDX (IHSG/JCI) ended lower by 1.28% Monday (Jun 29) on thin trading and continued net sell by foreign investors. A coordination meeting between the government’s economic team, the House of Representatives (DPR), and Bank Indonesia failed to impress...