Net sell drops, but perception risks persist

Jul 16, 2026 | Market

Composite index of IDX (IHSG/JCI) ended slightly higher by 0.04% Wednesday (Jul 15), a second consecutive day in flat, as net sell by foreign investors declined significantly to US$8.43 million, lifting year-to-date net sell to Rp77.57 trillion or US$4.29 billion....

A joke that exposed a bigger governance problem

Jul 16, 2026 | Politics

During a recent hearing with House Commission VIII, Religious Affairs Minister Nasaruddin Umar quietly left before the meeting concluded to attend another official engagement. Seeing the minister depart while legislators were still discussing ministry affairs,...

Due process cannot be negotiated

Jul 16, 2026 | Law, Politics

The controversy surrounding former Attorney General’s Office special crimes chief Febrie Adriansyah now raises a more fundamental question: can criminal procedure be modified through institutional compromise? Former coordinating minister Mahfud MD has argued...

Dody’s controversies 

Jul 16, 2026 | Politics

Public Works Minister Dody Hanggodo may have resolved one controversy, but a series of events over the past two weeks has exposed a broader challenge facing Indonesia’s public institutions: trust cannot be managed through explanations alone. It must be built...

Nickel Journal

Jul 16, 2026 | Commodities, Market

Nickel was traded at US$16,809 per ton this morning, which means only 0.32% gain year-to-date despite Indonesia’s production cut. Higher production in the Philippines, the second largest producer, might force Indonesian government to scale back a plan to boost output...

KDMP’s governance issues: Electric fans procurement

Jul 16, 2026 | Market

Every few weeks, it seems, the public is caught off guard by reports of another large-scale procurement tied to one of the government’s priority programs. After the controversial operational vehicles, attention has now shifted to the procurement of 1.8 million...

Waskita improved, but not enough

Jul 16, 2026 | Market

The troubled state EPC firm Waskita Karya (WSKT) booked net loss of Rp1.92 trillion in the first half of 2026, declined by 16.9% from the corresponding period last year. The debt-ridden company actually reported improvement in sales revenues, but margins were...

China slowdown and Indonesian economy

Jul 15, 2026 | Market

Brent crude oil futures moved below US$85 per barrel Wednesday (Jul 15) as US concluded its strikes on Iran. China’s GDP growth of 4.3% in the second quarter, slowed down from 5% in the first quarter, also prevented further rally amidst escalation of conflicts in the...

MBG kitchens’ nationwide strike

Jul 15, 2026 | Market

Several MBG partner associations have firmly declared their intention to stage a nationwide strike unless the government improves the program’s governance by August 17, 2026. They highlighted a range of problems that MBG partners across Indonesia are facing, including...

Purbaya’s statement, state banks-Agrinas, and KDMP

Jul 15, 2026 | Market

Minister of finance Purbaya Yudhi Sadewa issued an interesting statement to respond allegation of mark-up in the procurement of pick-up trucks by PT Agrinas Pangan Nusantara (APN) for President Prabowo Subianto’s flagship village cooperative (KDMP) program.  “We will...