Pindad-Ashok Leyland heats up electric bus market

Jun 1, 2026 | Industries

India’s vehicle manufacturer Ashok Leyland is collaborating with state-owned defense contractor PT Pindad to jointly develop electric buses for public transportation and special purpose vehicles, markings its entry into Southeast Asia’s market. The company will...

Not out of the woods yet

Jun 1, 2026 | Market

Brent crude oil futures hiked again by 4.8% to US$95.6 per barrel on Monday (June 1) due to uncertainties surrounding US-Iran peace deal. US dollars, accordingly, appreciated against most currencies.  Other than geopolitical issues and movement of commodities,...

United Tractors’ data tell us….

Jun 1, 2026 | Market

United Tractors (UNTR) has just released operational data for April 2026, which tells us a lot of things, including resumption of its Martabe gold mine in North Sumatra and ongoing pressures in heavy equipment and coal production. UNTR sold 2,000 ounces of gold in...

Domestic issues weighed on rupiah, stocks

May 30, 2026 | Market

Bank Central Asia (BBCA), the largest bank in private sector, offered USD bank notes at Rp17,940 on Friday (May 29), moving closer to the new psychological level of Rp18,000 as foreign investors continued selling Indonesian stocks following rebalancing by MSCI and...

Indonesia-France Trade

May 29, 2026 | Market

Most criticize President Prabowo’s frequent visit to France, which is not a major trading partner for Indonesia. With total trading value (export-import) of around 3 billion euros per annum, France is substantially smaller trading partner than Germany and Italy. ...

Prabowo in Paris: Episode 4

May 29, 2026 | Market, Politics

President Prabowo Subianto is visiting France for the fourth time since taking office, and for the third time this year alone. The unusual frequency of these visits has drawn public attention, particularly because such high-level diplomacy is expected to produce...

Venture capital builds a political shield

May 29, 2026 | Market

Over the past two weeks, digital ecosystem has been flooded with a remarkably synchronized argument. The core message is consistent: failed startup investments should not be criminalized. Venture capital is inherently risky. Innovation cannot survive if executives...

Huawei’s chip ambitions should alarm Indonesia

May 29, 2026 | Market

Recent reports about Huawei developing alternative chip manufacturing methods to challenge Taiwan Semiconductor Manufacturing Company and Samsung Electronics should serve as a wake-up call for Indonesia. The issue is not merely about who makes the fastest chips. It...

Pulau Katang controversy

May 29, 2026 | Law, Market

The recent controversy surrounding the online sale advertisement of Pulau Katang in the Riau Islands illustrates how rapidly that shift is happening. A Threads account openly offered the 73-hectare island for Rp65 billion, promoting it as suitable for a “private...
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