Mandatory deposit of forex earnings weighs on state banks

State banks will have to work extra hard to handle foreign exchange earnings deposited by Indonesian exporters. The government requires exporters to park these earnings for a longer period in a bid to support rupiah, but state banks will pay the price. “Unless the...

Export data discrepancy & under-invoicing (2)

President Prabowo Subianto presented a data processed from UN Comtrade to come up with a conclusion: Indonesia has long been robbed by its exporters, and, accordingly, shall be stopped with centralization of export through PT Danantara Sejahtera Indonesia (DSI). What...

Safety or surveillance

The Ministry of Communication and Digital (Komdigi) plans to require users to provide mobile phone numbers when creating social media accounts. The objective is clear: to strengthen identity verification and enhance accountability for the content users share online....

The ghosts behind Kalimantan’s bauxite permits

The arrest of businessman Sudianto alias Aseng, the beneficial owner of PT Quality Sukses Sejahtera (QSS), is not merely another mining corruption case. It exposes a deeper problem that Indonesia has never fully solved: the political economy of regional mining...

Golden Visa and the politics of perception

Government is celebrating the success of its Golden Visa program after the Directorate General of Immigration announced that 1,274 Golden Visas had generated Rp52.1 trillion (US$3.2 billion) in investment realization as of May 2026. Officials also proudly highlighted...

The end of anonymous?

Government says it wants social media users to become more “accountable.” The latest proposal from the Ministry of Communication and Digital Affairs would require social media accounts to be linked to phone numbers and eventually verified digital identities. Officials...

NTT Docomo fined by KPPU

Business Competition Supervisory Comission (KPPU) has recently fined NTT Docomo Rp2 billion for delaying notification of its acquisition of Intage Holdings. The verdict was read out during the hearing of case No. 16/KPPU-M/2025 last week. Deswin Nur, Head of the KPPU...

Export data discrepancy & under-invoicing

Finance minister Purbaya Yudhi Sadewa claimed of finding 10 palm oil exporters committing under-invoicing, which, among other things, justified President Prabowo Subianto’s decision to centralize export of strategic commodities through PT Danantara Sejahtera Indonesia...

Not out of the woods yet (3)

Composite index of IDX (IHSG) ended lower by 3.54% Thursday (May 21), dragged down by correction related to rebalancing of MSCI and he government’s new policy on centralizing export of strategic commodities (coal, palm oil, and other minerals).  External factors...

Reassessing the MBG Budget

In the latest “APBN KITa” press conference held on Tuesday (19/05), Finance Minister Purbaya Yudhi Sadewa signaled a readjustment of the 2026 budget for the MBG program. He noted that President Prabowo Subianto had previously instructed the government to...
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