Market

President Prabowo Subianto has signed Government Regulation No. 19/2005 about royalties on minerals (coal, bauxite, nickel, copper, gold, tin) and their downstream products at the time of substantial price correction in international market. 

The Corruption Eradication Commission (KPK) announced that it was investigating allegations of corruption implicating PT Perusahaan Gas Negara Tbk (PGAS or PGN) back in 2024. It turns out, the process has been escalated to the stage of inquisition and there are already suspects. The public were left wondering for some time until months later when the KPK finally named two suspects in the case, including a former director of PGN. However, there’s been no significant progress since the announcement and we have to wait for nearly a year before the KPK finally arrests the suspects. Meanwhile, there are rumors that the actual target of the investigation was something else. Could the KPK simply be using this case as an entrance to other investigations? 

Shares of gold miner Archi Indonesia (ARCI), controlled by tycoon Peter Sondakh, ended substantially higher by 3.45% to Rp300 on Monday (Apr 15) on strong gold price. Unlike fellow gold miner J Resources (PSAB), which turned around from losses to profit, Archi Indonesia posted substantial downfall of profit.

It is increasingly clear that Prabowo administration ignores critics. First on the fat cabinet, followed with more. Instead of focusing on improving existing institutions, this regime tends to create new ones, which only escalate inefficiencies and redundancies in handling social-economic problems. 

Few digital platforms have captured the attention of Indonesian children like Roblox. What began as an online gaming platform has now transformed into a global phenomenon — blending entertainment, creativity, and monetization into a virtual world where children are both players and content creators.

Shares of gold miner J Resources Asia Pacific (PSAB) ended higher by 2.04% to Rp300 on Monday (Apr 14) as gold hovered above US$3,200 per troy ounce on global economic uncertainties. 

The Central Bureau of Statistics (BPS) will only release export-import data for the first quarter next Tuesday, nearly one week behind normal schedule. Some, however, anticipate weaker reading due to a combination of correction in export commodities and slowdown of domestic economy.

Wilmar International Ltd issued an interesting statement to the Singapore Exchange (SGX) Monday (April 14) responding media reports about the arrest of judges acquitted three palm oil companies, including Wilmar. 

Few games have shaped Indonesia’s digital culture as significantly as PlayerUnknown’s Battlegrounds (PUBG) Mobile. Since its release, PUBG Mobile has become more than just entertainment for young Indonesians — it is a daily habit, a social phenomenon, and for some, a professional career.