Gainers of 2025 (1): Japfa Comfeed

Mar 2, 2026 | Market

Amidst economic slowdown, it’s hard to find companies with strong financial performance last year, not only in terms of sales and net profit, but their investments and contribution to the job market. Integrated poultry player Japfa Comfeed (JPFA) was among those top...

Quiet (mass) layoffs (7)

Feb 28, 2026 | Market

Nippon Indosari Corporindo (ROTI), famous with its Sari Roti—market leader in mass bread, booked net profit of Rp158.5 billion last year, down 29% from 2024 on lower sales revenues and squeezed margins.  ROTI quietly dismissed 219 workers or 3.8% of its total...

Quiet (mass) layoffs (6)

Feb 28, 2026 | Market

Bank UOB Indonesia booked net profit of Rp1.53 trillion last year, skyrocketed 2765% from 2024, among others due to aggressive efficiency measures. This bank has dismissed over 650 workers in the past two years. UOB Indonesia’s net interest income actually increased...

Mandatory education spending becomes a budget loophole

Feb 27, 2026 | Law, Market, Politics

The Constitutional Court is now confronting a case that could redefine the meaning of Indonesia’s constitutional commitment to education. A petition challenging Law No. 17/2025 on the 2026 state budget questions whether President Prabowo Subianto’s flagship Free...

The politics of imported truck procurement

Feb 27, 2026 | Market, Politics

Deputy Speaker of the House of Representatives Sufmi Dasco Ahmad has called for a postponement of the plan to import 105,000 vehicles from India, which were intended to support logistics transportation for the Red-White Village Cooperative (KDMP). The inconsistency...

Update on the PDNS corruption case

Feb 27, 2026 | Law, Market

Nearly a year after the suspects were first named, the case has now entered a more decisive legal phase. Prosecutors have formally demanded prison sentences of up to 10 years for several defendants, including seven years for Semuel Abrijani Pangerapan, along with...

The latest on Pertamina corruption case

Feb 27, 2026 | Law, Market

A watershed moment has arrived in the long-running corruption case tied to Indonesia’s state-owned energy giant, PT Pertamina. In a series of verdicts delivered in late February 2026, a Jakarta Corruption Court has sentenced several key figures in what prosecutors...

2025 was great for oil palm planters, but…

Feb 27, 2026 | Uncategorized

SGX-listed Bumitama Agri Ltd, a plantation company controlled by Harita Group, booked net profit of Rp2.8 trillion last year (twice of IDX-listed Astra Agro Lestari), an increase of 22.5% from 2024 even when its crude palm oil (CPO) sales volume didn’t grow at all. ...

Consistently undervalued Astra

Feb 27, 2026 | Market

Shares of Astra International (ASII), a diversified business group with interest in agriculture, automotive, finance, healthcare, heavy equipment, iCT, mining, and property, ended higher by 1.13% on Thursday (Feb 26) even when the company reported over three percent...

Quiet (mass) layoffs (5)

Feb 27, 2026 | Market

State bank BRI, second largest in terms of total assets, added around 1,000 employees last year to its total workforce of 82,192 by the end of the year, but Astra International (ASII), the largest employer in the country, dismissed 4,045 employees to 196,021 people by...