A counterattack against constitutional oversight

Indonesia’s constitutional order is being tested again, not through a dramatic courtroom verdict, but through a quieter and potentially more consequential confrontation between the House of Representatives (DPR) and the Constitutional Court’s ethics body, the Majelis...

Canva’s motion bet could redraw creative labor market

Canva’s latest acquisitions—Cavalry, a professional motion graphics software, and MangoAI, an artificial intelligence marketing optimization startup—may appear as routine product expansion. In Indonesia, however, they signal something far more consequential: a...

Update on Chromebook case

Prosecutors have recently stated in court that there is no record of Rp 809 billion flowing directly to Nadiem in the Chromebook procurement case, a clarification that may appear to ease suspicions at the personal level. Yet the absence of direct transfers does not...

The Procurement of official Cars: Necessity or Luxury?

The plan to procure an official car worth Rp 8.5 billion for the Governor of East Kalimantan, Rudy Mas’ud, has triggered strong public backlash. It raises a question about the invocation of “the dignity of the province” as justification: can such dignity be measured...

Sudden rise of Ekalya

Logistic company PT Pelayaran Nasional Ekalya Purnamasari Tbk (ELPI) advanced further by 4% to Rp2,600 on Tuesday (Feb 24) to make a market capitalization of Rp19.3 trillion, more than three times of Samudera Indonesia (SMDR).  ELPI gained more than 200% since third...

Further consolidation in consumer financing industry

Adira Dinamika Multi Finance (ADMF) acquired smaller player PT Arthaasia Finance for Rp1 trillion last year following acquisition of Mandala Finance in 2024. The acquisitions led to dismissal of thousands of workers.  Looking at financial report of other consumer...

Modern retail vs Prabowo’s Co-ops

Minister of trade affairs Budi Santoso said on Tuesday (Feb 24) that he would seek explanation from minister of village affairs Yandri Susanto regarding the later’s controversial statement about the importance to stop expansion of modern retailers like Alfamart and...

Nickel production cut: Further pressure on Hillcon

Local media in North Maluku province quoted NGO leader last week that PT Hillcon Jaya Sakti, subsidiary of Hillcon (HILL), refused to pay salary of 700 workers since December 2025. It is not clear whether this is related to substantial cut of production quota granted...

Quiet layoffs (3)

Noises surrounding layoffs at Mie Sedap, instant noodle brand controlled by Wings Food, invited politicians to mount pressures leading to temporary stoppage of workforce downsizing. Most others, especially those listed on the Indonesia Stock Exchange (IDX), managed to...

Digital banks, so far (1): AlloBank

Shares of AlloBank (BBHI), controlled by Chairul Tanjung (CT Corpora), moved in narrow range this morning even when the digital bank reported 22.9% growth in net profit to Rp574 billion last year.  AlloBank recorded 26% growth in net interest income (NII) to Rp1.44...
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