The viral ‘armed ghosts’ terror

May 25, 2026 | Market

Over the past week, social media has been flooded with reports of “armed ghosts” (or pocong bersajam in Indonesian), allegedly a new modus operandi for robberies. What first emerged in Tangerang soon spread to several cities across East Java. In each case, the police...

Domestic issues weigh on rupiah, stocks

May 25, 2026 | Market

Composite index of IDX (IHSG/JCI) moved zig-zag this morning when peers in Asia positively responded to a closer US-Iran deal, which led to five percent correction in crude oil. The index returned to red zone one hour into trading, while rupiah weakened to Rp17,732...

Further pressures on Cinema XXI

May 25, 2026 | Market

Shares of PT Nusantara Sejahtera Raya Tbk (CNMA), operator of Cinema XXI outlets, opened higher by 2% to Rp96 this morning on broad market sentiment, but the stock is not even half of the initial public offering (IPO) price three years ago. CNMA launched an IPO at...

Data economy behind new digital game platforms

May 25, 2026 | Market

Gaming industry is no longer just about entertainment. It is quietly evolving into one of the country’s most powerful data economies. The emergence of platforms such as Hidden Supply reflects this transformation. Originally positioned as a facilitator for game account...

The Coordinated Fight Back for Nicko Widjaja

May 25, 2026 | Law, Market

The public battle surrounding former venture capital executive Nicko Widjaja is no longer centered inside a courtroom. It has evolved into something far larger: a coordinated narrative war across Indonesia’s startup ecosystem. What stands out is not merely the volume...

ASEAN’s new digital battlefield

May 25, 2026 | Market

Amazon’s plan to invest more than US$33 billion across Southeast Asia by 2039, including Indonesia, is only the latest sign of a much larger geopolitical shift. Microsoft, Google, Oracle, NVIDIA and even Chinese tech giants are all racing to establish dominance in...

MBG: High Ambition, High Risk

May 25, 2026 | Market, Politics

Beyond its goal of improving nutritional outcomes, the MBG program was also expected to boost regional economies by involving MSMEs and local suppliers. However, behind this ambitious vision, the National Corruption Prevention Strategy (Stranas PK) team has identified...

Market issues to watch

May 25, 2026 | Market

Brent crude oil retreated 5% to Us$98.7 per barrel in Asian trading this morning as US and Iran reportedly closer to ink a deal in ending the conflict, which started in late February. US dollars, accordingly, depreciated against most currencies, which could prevent...

Mandatory deposit of forex earnings weighs on state banks

May 22, 2026 | Market

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...
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