In a constitutional democracy, court rulings are meant to end debates, not invite administrative creativity. Constitutional Court (MK) exists precisely to provide finality in constitutional interpretation. When its decisions are treated as suggestions rather than...
No exponential growth in sales. Net profit actually declined 18.3% in the first nine months of 2025. Yet, Multipolar Technology (MLPT), controlled by Lippo Group, was once worth Rp483 trillion or US$29 billion, bigger than telco giant Telkom (TLKM). That was early...
Victims of the recent Sumatra floods lost access to electricity for days, and many of them had to rely on their own resources due to the slow emergency response from the government. In stark contrast, it seems like the government institutions and elites have been busy...
Shares of Jaya Sukses Makmur Sentosa Tbk (RISE), a small property developer based in Surabaya, East Java, ended higher by 5.23% to Rp9,550 last Friday (Dec 12), making it one of the most expensive stocks in the country. At the last quoted price, RISE, controlled by...
Indonesia’s plan to develop its first geothermal-based green data center, led by PT Pertamina Geothermal Energy (PGE), has been framed as a milestone in aligning digital growth with the energy transition. But, why is an energy state-owned enterprise (SOE) leading a...
Indonesia has long prided itself on being Southeast Asia’s crown jewel for digital investment. With its massive user base, growing middle class, and ambition to become a regional technology hub, the country has been courted by global tech giants for more than a...
Sovereign wealth fund Danantara and Thakher Development Company have signed agreements related to acquisition of Novotel Hotel and 14 plots of land in Thakher City, Makkah, Saudi Arabia for undisclosed considerations. Novotel Hotel in Thakher City has 1,461 rooms,...
Hashim Djojohadikusumo, younger brother of President Prabowo Subianto, made headlines since last year for his group’s new investments: tin solder factory, investments in ICT infrastructure company WIFI, and, recently, ownership in crypto currency trading company COIN....
Indonesia’s headline-grabbing tax crackdown on mineral and coal (minerba) companies is being presented as a routine enforcement effort. It is nothing of the sort. This is a political maneuver—one that signals an aggressive realignment of power within a sector long...
When the government launched the National Logistics Ecosystem (NLE) in 2020, it was sold as a breakthrough: a unified digital infrastructure that would finally streamline notoriously inefficient port, trucking and customs processes. At the time, the Ministry of...
