External pressures resumed

Brent crude oil futures surged as much as 10% to US$83 per barrel Monday (Jul 13) as US and Iran exchanged fresh strikes, while DXY (Dollar Index) advanced 0.3% to 101.28, mounting pressures on global currencies, including rupiah. The US military’s Central Command...

Default of PT Pos Indonesia

State postal services company PT Pos Indonesia defaulted payments of coupon for its sukuk due to cashflow issues. State fund management agency Danantara has launched investigative audit on the company after finding violations on governance, including indication of...

Sovereign ratings affirmed, but net sell continues 

Composite index of Indonesia Stock Exchange (IDX) advanced 1.92% Monday (Jul 13), while rupiah gained grounds following S&P’s decision to affirm Indonesia ratings at BBB/A-2 with stable outlook. Foreign investors, however, recorded net sell of Rp437.7 billion or...

Recent findings on the KDMP truck procurement

The government, through PT Agrinas Pangan Nusantara (Agrinas), is undertaking a large-scale procurement of operational vehicles for the Red-White Village Cooperative  (KDMP) program. Before the process is completed, however, the anti-corruption watchdog Indonesia...

Key takeaways from Prabowo’s speeches

President Prabowo Subianto made some troubling remarks on various issues in his recent speeches, including a long speech on the commemoration of Cooperative Day, Sunday (Jul 12), in Jakarta. No scaling back First of all, Prabowo insisted that 81,000 village...

Apple’s lawsuit carries a warning for Indonesia

Apple’s lawsuit against OpenAI may appear to be another Silicon Valley legal battle, but it reveals a much larger transformation in the global artificial intelligence race. The dispute is no longer centered on who has the most advanced language model. It is now...

Silencing the messenger weakens the state

The controversy over the leaked official travel document of Public Works Minister Dody Hanggodo has entered a more troubling phase. Public attention is no longer focused solely on the minister’s planned trip to the United States or the government’s...

Those continue to expand: Azure lithium

China’s lithium batteries maker Azure plans to invest US$290 million to build a 5GWh cylindrical lithium battery manufacturing facility in Indonesia, strengthening its capacity to supply products to overseas customers. The project is expected to have an annual...

Revisiting Tan Kian, Jiwasraya and Asabri corruption cases

The Jakarta Metropolitan Police Office (Polda Metro Jaya) has arrested property businessman Tan Kian on Friday (Jul 10) from his private residence at the Pacific Place, South Jakarta. Few hours ago, the national police (Polri) named Febrie Adriansyah a corruption...
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