United Tractors (UNTR), subsidiary of Astra International (ASII), suffered nearly 80% fall of net profit to Rp642.8 billion in the first quarter of 2026, dragged down by suspension of Martabe gold production and downfall in the construction machinery business. Gold...
The recent train collision at Bekasi Timur station exposed deeper issues in Indonesia’s traffic system, extending beyond road-user behavior to the safety of its public transportation infrastructure. In response, President Prabowo Subianto instructed the construction...
For decades, financial crises have followed familiar scripts. Excessive leverage, poor governance, or external shocks would trigger instability, and regulators—however imperfectly—would step in with tools shaped by past experience. Today, that script is being...
The latest summons of businessman Billy Haryanto by the Corruption Eradication Commission (KPK) should not be read as just another corruption probe. It signals a deeper systemic problem: how compromised procurement in Indonesia’s railway sector may be directly linked...
Arinal, who served as Governor of Lampung from 2019 to 2024, has been named a corruption suspect in the alleged misuse of Participating Interest (PI) funds from the Offshore South East Sumatra oil and gas block. The case, involving hundreds of billions of rupiah,...
Shares of Astra Agro Lestari (AALI) ended lower by 3.3% on Tuesday (Apr 28) on broad market sentiment. The company actually reported stronger performance than peers. It posted net profit of Rp373 billion in the first quarter, jumped by 35% from the same period last...
Retailers performed relatively stronger in the first quarter 2026, helped by seasonal high spending from Lebaran holidays. Some of the retailers spent more cash in investing activities and hired more workers in the period. PT Sinar Eka Selaras Tbk (ERAL) This...
Technology company GOTO Gojek Tokopedia finally reported net profit. In the first quarter of 2026, the company booked net profit of Rp256 billion against loss of Rp283 billion in the corresponding period last year. Interesting to see response from market players. GOTO...
Like flag carrier Garuda Indonesia (GIAA), budget airline operator AirAsia reported improvement in the first quarter on higher sales growth and lower maintenance costs. AirAsia generated sales revenue of Rp2.1 trillion in the quarter, an increase of 6% from the...
Global rating agencies have downgraded Indonesia’s outlook from stable to negative, but yet to issue a full sovereign rating downgrade. It is about whether Prabowo administration would be willing to accept reality or facing sovereign rating downgrades. Indonesian...
