The Disposable Couriers (2)

Several irregularities have emerged in the 2-ton crystal methamphetamine smuggling case involving crew members of the Sea Dragon Tarawa. One particularly noteworthy aspect is the recruitment process of Fandi Ramadhan, which suggests that he occupied the lowest level...

Subdued performance of Cinema XXI

PT Nusantara Sejahtera Raya Tbk (CNMA), operator of Cinema XXI—-market leader, was one major companies quietly reduced workforce last year as sales inched up only 2.6%, while operating profit slipped 0.5%. CNMA generated sales revenue of Rp5.86 trillion last year, an...

Domestic workers and the politics of legislative delay

For more than two decades, Indonesia has debated the need to legally protect one of the country’s most invisible workforces: domestic workers. Yet despite repeated commitments from lawmakers, the long-awaited Domestic Workers Protection Bill (RUU PPRT) remains stalled...

Who owns the IP?

Indonesia’s digital economy is expanding at a remarkable pace. With more than 190 million internet users and one of the largest populations of gamers in the world, the country has become one of Southeast Asia’s most valuable digital markets. The problem, however, is...

Astra Graphia vs Multipolar Technology

Shares technology services companies Astra Graphia (ASGR) and Multipolar Technology (MPLT) advanced 5.4% and 12.8% respectively on Thursday (Mar 5) on unspecified reasons. While their business size is not much of a gap, Multipolar is now valued 20 times of Astra...

Bracing for more pressures (2)

Rupiah weakened closer to Rp17,000 per US dollar, while Brent crude oil advanced 4.2% to US$84.7 per barrel. Rupiah is way below exchange rate assumption used for the State Budget 2026 (Rp16,500), while crude oil is now 17% above the Indonesia Crude Price (ICP)...

Reality check on PIK-2

Shares of PIK-2 (PANI), co-owned by Agung Sedayu Group (Sugianto Kusuma) and Anthoni Salim, ended higher by 1.8% to Rp8,600 on Thursday (Mar 5) as investors responded positively the company’s financial performance last year.  PIK-2 generated sales revenue of Rp4.32...

When Wikipedia turns read-only

The Ministry of Communication and Digital (Komdigi) has restricted login access to Wikipedia since February 25, 2026, citing non-compliance with PSE regulations. Unlike a total ban, the restriction still allows users to read articles but prevents contributors from...

The fine line between tax compliance and financial surveillance

Indonesia’s effort to modernize its tax administration has entered a new stage. A recently issued regulation from the Finance Ministry requires credit card issuers and payment processors to submit transaction data to the Directorate General of Taxes (DJP). For the...
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