Sari Roti & Mr Bread
Shares of Nippon Indosari Corpindo (ROTI), producer of mass bread Sari Roti, ended flat at Rp750 last week to make a market capitalization of Rp4.64 trillion or 2.3 x equity. The market leader reported 4.4% decline in sales revenues to Rp3.76 trillion, among others due to intensified competition.
Kimia Farma & Prabowo’s KDMP
Danantara, which claimed itself a sovereign wealth fund, had injected shareholders loan of Rp846 billion to the troubled state pharmaceutical firm Kimia Farma (KAEF) late last year. At the same time, President Prabowo geared up development of village cooperatives (KDMP), which will also have pharmacies as business unit.
Reality check on the overtly inflated Impack Pratama
Haryanto Tjiptodihardjo, controlling owner of plastic processor PT Impack Pratama Tbk (IMPC), was listed 11th richest Indonesian by Forbes magazine in 2025 ahead of real rich persons like Lim Haryanto (Harita Group), TP Rachmat (Triputra Group), and even Sukanto Tanoto (RGE Group).
Danny Nugroho is another exception
Shares of Capital Financial Indonesia (CASA), controlled by Danny Nugroho, ended lower by 0.37% to Rp1,330 on Thursday (Apr 2). That means the stock declined only by 15.3% since late January, while other junk stocks have retreated by more than 50%.
The worst may yet to come
Brent crude oil futures soared 7.9% to US$109.16 per barrel Thursday (Apr 2), but Dated Brent, the price of actually shipments bought and sold in the North Sea (60% of the world’s traded crude oil) reached US$141.37 per barrel, the highest since 2008.
Mass (quiet) layoffs (17)
Financial report of state steel manufacturer PT Krakatau Steel Tbk (KRAS) pointed to ‘dismissal’ of 815 workers or 20% of the company’s total workforce last year as the company struggled with squeezed margins.
Inside cigarette excise cartel
The latest investigation by the Corruption Eradication Commission (KPK) into alleged bribery within the Directorate General of Customs and Excise is not merely another corruption case. It is a window into a deeper, more troubling reality: the possibility of a structured, cartel-like system governing Indonesia’s cigarette excise regime.
When AI steals your identity
The artificial intelligence race has entered a new and unsettling phase. It is no longer about who can generate the most accurate text or solve the most complex problems. It is about who can sound the most human—and increasingly, who can sound exactly like you.
Krakatau Steel yet to see the light
State-owned steel manufacturer Krakatau Steel (KRAS) recorded net profit of US$325.5 million last year against loss of US$155 million in 2024, but that was attributable to non-cash gain from debt restructuring. The company’s operations actually worsened.
From maps to markets
Terralogiq promote artificial intelligence and geospatial data as the future of business expansion, the narrative is compelling: smarter decisions, lower risks and precision down to the last meter.