Where’s the bottom? (2)

Jun 4, 2026 | Market

Composite index of IDX (IHSG/JCI) pared some losses Thursday (Jun 4) and ended lower by 1.71% as foreign investors continued dumping Indonesian equities. Rupiah, meanwhile, was firm above psychological level Rp18,000 per US dollars.  IHSG dropped as much as 5%, but...

Silmy Karim, a corruption suspect

Jun 4, 2026 | Law

The Corruption Eradication Commission (KPK) has arrested Silmy Karim, vice minister of immigration, as corruption suspect alongside seven other officers. This might be considered a surprise because Silmy is known for close relationship with Sjafrie Sjamsoeddin,...

People’s Schools: Under the radar

Jun 4, 2026 | Market, Politics

Talking about fiscal management, in recent weeks, public debate has been fixated on the MBG and the controversies surrounding it. Amid this intense scrutiny, the People’s School (Sekolah Rakyat) program has continued to expand under the radar, despite being another...

The real risk behind Grab’s exit rumor

Jun 4, 2026 | Market

A rumor rarely shakes a market unless it touches a deeper anxiety. That is precisely what happened when startup community account Ecommurz published a series of posts suggesting that Grab was reportedly considering a partial drawdown and even a potential exit from...

Taxing the digital giants

Jun 4, 2026 | Market

Indonesia is once again revisiting the idea of taxing foreign digital platforms through the concept of Significant Economic Presence (SEP). The proposal appears reasonable on its face: if global technology companies generate substantial revenues from users, why should...

AI gimmick

Jun 4, 2026 | Industries

The launch of new .ai.id domain has been presented as a milestone in the country’s artificial intelligence journey. Introduced by PANDI and KORIKA, the initiative aims to provide a dedicated digital identity for AI ecosystem. On paper, the idea sounds attractive: a...

Small cap to watch: Gunawan Dianjaya

Jun 4, 2026 | Market

Shares of steel manufacturer Gunawan Dianjaya (GDST) ended lower by 4.4% to Rp86 on broad market sentiment. At the last quoted price, GDST was worth Rp795 billion, way below equity (Rp1.42 trillion by March 31, 2026).  Gunawan Dianjaya suffered 27% fall in sales...

A more expansive Republikorp

Jun 4, 2026 | Market

Back in February 2025, we published an article titled ‘Growing Influence of Republikorp’. Pretty much explained in the article, the defense contractor has indeed gained more influences and businesses. Republikorp is now expanding Indonesia’s defense industry...

Where’s the bottom?

Jun 4, 2026 | Market

Rupiah officially crossed psychological level Rp18,000 per US dollar this morning. Foreign banks operating in the country had earlier sold US dollar bank notes above Rp18,000, while national banks and central bank tried to defend the currency. We asked some...

Double blow: Corruption in the free meal program

Jun 3, 2026 | Market, Politics

A lot of people, including foreign investors, have long questioned effectiveness of Prabowo administration’s costly free meal program. Indonesians have also long suspected corruption in the program, but had only been confirmed at grandeur scale with the arrest of...