All out for self-sufficiency

President Prabowo Subianto proclaimed Indonesia’s self-sufficiency in rice, which was achieved on December 31, 2025. By not importing rice in that year, the President said his administration achieved the self-sufficiency three years ahead of target. He didn’t mention about huge import (4.52 million tons) of rice in 2024, which helped boosting the national stock.

Chasing revenue without growth

Indonesia’s plan to pursue a tax revenue target of Rp 2,357.7 trillion in 2026 sounds bold on paper. Finance Minister Purbaya Yudhi Sadewa, the government insists that the target will be achieved not through new taxes or higher rates, but via tighter compliance, stronger supervision and administrative reforms. In theory, this is a sensible approach. In practice, it risks repeating an old policy trap: chasing numbers while the economic base remains fragile.

Land seizures and the quiet dismantling of legal certainty

President Prabowo Subianto’s plan to seize another four to five million hectares of oil palm plantations in 2026 is being sold as a triumph of law enforcement. In reality, it risks becoming something far more troubling: a state-sanctioned admission that Indonesia has failed to govern its land regime, and is now compensating for that failure by ruling through coercion rather than law.

Djarum strengthens F&B business

Shares of Unilever Indonesia (UNVR), market leader for personal care business, slipped by 0.38% to Rp2,600 after the company’s announcement to sell its Sariwangi brand to Djarum Group.

KDMP: The devil is in the detail

The Red-and-White Village Cooperative (KDMP) is the second largest program of Prabowo administration this year after the free meal program in terms of money to be spent. Capped Rp3 billion per cooperative, we’re talking about a combined Rp240 trillion. How this will be implemented?

Speculations on INET & the controlling shareholder

Shares of PT Sinergi Inti Andalan Prima Tbk (INET), an Internet service provider (ISP), surged 16.1% on Tuesday (Jan 6) on the company’s plan to raise a combined Rp4.2 trillion from the issuance of new shares (rights issue) and bonds to finance expansion of fiber optic and FTTH networks.

Garuda Spark and the Illusion of Startup Success in a Tech Winter

Indonesia’s government is once again celebrating numbers. Ten startups incubated in three months. Six innovation hubs promised by 2026. Millions of digital talents trained. Through programs such as Garuda Spark, the Ministry of Communication and Digital Affairs (Komdigi) projects optimism at a time when the global technology sector is anything but optimistic.

Pertamina’s divestment of Seplat Energy

Pertamina’s Maurel & Prom S.A. (M&P) has recently entered into a binding agreement to sell its 20,07% interest or 120.4 million shares in Seplat Energy Plc to Africa’s Heirs Energies Ltd for US$496 million.

Danantara’s WtE Projects: Connection matters

President Prabowo Subianto met Rosan Roeslani, CEO of sovereign wealth fund Danantara and Minister of Investment and Downstream Industry at his private residence in Hambalang, Bogor, West Java province recently to discuss the Rp100 trillion (approximately US$6 billion) projects, including waste to energy (WtE) projects.

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