Interesting trade data in January 2026

Mar 2, 2026 | Market

Indonesia recorded trade surplus of US$955 million in January 2026, collapsed 72.7% from the same month last year as export grew only by 3.4%, while import expanded by 18.2%. Implication of the government’s policies in mineral sector started to hit export growth. Palm...

Public employment becomes a fiscal illusion

Mar 2, 2026 | Market, Politics

The government’s plan to potentially “send home” up to 9,000 contract-based civil servants (PPPK) in East Nusa Tenggara (NTT) has exposed a deeper contradiction at the heart of Indonesia’s public employment policy. These workers were recruited, formally appointed, and...

The technical implications of PP Tunas

Mar 2, 2026 | Law, Market

Government Regulation No. 17/2025, or PP Tunas, has been presented as a long-overdue measure to protect children in digital spaces. With full implementation beginning in March 2026, the regulation introduces obligations for digital platforms to verify user age,...

Gainers in 2025 (3): Bakrie’s ENRG

Mar 2, 2026 | Market

Shares of PT Energi Mega Persada Tbk (ENRG), an oil and gas firm controlled by Bakrie Family, ended substantially higher by 8.6% to Rp1,760 last Friday (Feb 27) as investors responded positively the company’s strong performance last year. ENRG recorded net profit of...

Negative market response

Mar 2, 2026 | Market

Brent crude oil opened higher by as much as 13% to US$82 per barrel in Asian trading this morning, but then conceded some gains to 8%. Gold and silver, meanwhile, climbed 2% each as investors responded to escalation of conflict in the Middle East.  The conflict,...

Gainers of 2025 (2): Cimory

Mar 2, 2026 | Market

Shares of Cisarua Mountain Dairy (CMRY), popular as Cimory, ended slightly higher by 0.49% to Rp5,175 last Friday despite strong financial performance in 2025, when the company’s net profit surged by 35% to Rp2.05 trillion. Cimory, a dairy and meat processor, reported...

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...
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