Category: Market

In recent years, coding bootcamps have surged in popularity across Indonesia as a fast-track solution for anyone seeking a career in tech. Hacktiv8, one of the pioneers, offers intensive programs lasting three to four months, claiming to transform even those from non-technical backgrounds into job-ready software developers. The cost isn’t cheap—reaching tens of millions of rupiah—with some programs offering an “Income Share Agreement” (ISA), allowing students to pay only after securing a job.

If Bumi Resources (BUMI) was not bad enough, try reading financial report of PT Berau Coal Energy (BRAU), a company previously controlled by Bakrie Group but later on acquired by Widjaja Family (Sinarmas Group). 

Shares of Bumi Resources (BUMI), the largest coal producer in Indonesia controlled by Bakrie Group and Salim Group, ended higher by 3.1% to Rp100 Monday (Apr 21). While the company reported 519% jump in net profit to US$67.5...

Indonesia’s export grew 6.93% to US$66.62 billion in the first quarter of 2025, thanks to higher volume of some key commodities, particularly palm oil and nickel. Higher purchase ahead of Trump’s reciprocal tariffs might have also contributed to the growth, particularly in some traditional commodities exported to the world’s largest economy. 

Yayasan Media Berkat Nusantara (MBN Foundation), a partner of the free nutritious meal (MBG) program, was recently reported to the police for an alleged embezzlement of funds amounting to nearly a billion rupiah. Ira Mesra Desiawati claimed that the MBN Foundation has not reimbursed a single penny for her expenses in providing food at the SPPG Kalibata kitchen since February. As a response, the National Nutrition Agency (BGN) asked the two parties not to involve the agency in this matter.

Newcastle thermal coal declined further by 1.3% to US$94.25 per ton, the lowest level since early May 2021, on ample supply and weaker demand in main importing countries, particularly China and India.