May 21, 2026 | Market, Politics
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...
May 21, 2026 | Commodities, Market
President Prabowo Subianto set a more ambitious economic growth target of up to 6.5% next year, which seems not surprising anymore given his campaign promise for 8% growth before entering 2029 election. The president spent most his almost two hours speech talking...
May 21, 2026 | Law, Politics
The revelation that former police general Ferdy Sambo is pursuing a Master’s degree in theology from prison has reopened an uncomfortable debate. Where exactly is the line between rehabilitation and privilege? Legally, the government is correct. Prisoners retain the...
May 21, 2026 | Commodities, Market
Shares of coal miners ended mostly lower ground Wednesday (May 20) following President Prabowo Subianto’s decision to control coal export through Danantara in a bid to clamp down under-invoicing and transfer pricing practices, plus day-dreaming on controlling world...
May 21, 2026 | Commodities, Market
Minister of finance Purbaya Yudhi Sadewa claimed of finding suspicious transfer pricing and under-invoicing committed by ten major exporters of palm oil through their affiliated entities in Singapore and other countries. Once again, Purbaya didn’t mention specific...
May 21, 2026 | Commodities, Market
The government, through Danantara, has established PT Danantara Sumberdaya Indonesia (DSI), which will become the sole export agency for natural resources products, starting with palm oil, coal, and ferro alloys. During the six-month transition period, exporters are...
May 20, 2026 | Commodities, Market
President Prabowo Subianto has officially announced a new policy in export of natural resources, wherein export of thermal coal, palm oil, and ferro alloys can only be done by a state-owned company assigned by the government. Prabowo told the House of Representatives...
