Further corrections, trust deficit

Jul 28, 2026 | Market

Composite index of IDX (IHSG) ended lower by 0.89% on Tuesday (Jul 28), while rupiah also depreciated further by 0.17% to Rp18,093 per USD as rumours continued swirling around behind the resignation of Perry Warjiyo as governor of Bank Indonesia and his likely...

Ricky Perdana Gozali: New BI governor?

Jul 28, 2026 | Market

President Prabowo Subianto appointed Ricky Perdana Gozali as deputy governor of Bank Indonesia on July 29, 2025 for a five year term. He was previously representative head of BI for Jakarta province.  Our source said Ricky is frontrunner as successor of Perry Warjiyo,...

BGN and MBG under Sudaryono

Jul 28, 2026 | Market

As the National Nutrition Agency (BGN) undergoes yet another leadership change, significant shifts are expected in the governance of the Free Nutritious Meals (MBG) program. Sudaryono, the new BGN head, has so far pledged a range of measures, from stricter regulatory...

BGN’s mass layoffs

Jul 28, 2026 | Market

Governments rarely announce mass layoffs as proof of reform. Yet that is precisely how National Nutrition Agency (BGN) has presented its decision to dismiss 261 employees while initiating disciplinary proceedings against nine civil servants. The move has been framed...

The government must do more than mediate the ADCP crisis

Jul 28, 2026 | Law, Market

The government’s decision to step into the dispute between PT Adhi Commuter Properti (ADCP) and around 2,400 buyers of unfinished LRT City apartments is welcome. But mediation is only the beginning. It is not, and cannot be, the solution. Housing Minister...

PSI vs PDIP early fight

Jul 28, 2026 | Politics

The next legislative election is still three years away. Yet Kaesang Pangarep has already declared his intention to contest Central Java V, a constituency widely regarded as one of the country’s most competitive political battlegrounds. At first glance, the move...

Rupiah & the Three Resignations

Jul 28, 2026 | Market

Leaders of three key financial institutions were ‘forced’ to resign in less than ten months. It was started with replacement of Sri Mulyani Indrawati as minister of finance by Purbaya Yudhi Sadewa on September 8, 2025, just one week after the former’s meeting with...

Hospitality industry update

Jul 28, 2026 | Market

Indonesia welcomed only 6.07 million arrivals of foreign tourists in the first five months of 2026, an increase of 7.68% from the same period last year, far below neighbouring countries like Thailand, Malaysia, and Vietnam. Companies, however, decided to invest more...

Layoffs in first half of 2026

Jul 28, 2026 | Market

Two garment companies in Central Java province are in the process of mass layoffs affecting over 1,500 workers. Two consumer financing and financial lease companies listed on the Indonesia Stock Exchange (IDX), meanwhile, have dismissed 738 workers in the first six...

Fuel costs squeeze Mulia Industrindo’s margins

Jul 27, 2026 | Industries, Market

Glass manufacturer Mulia Industrindo (MLIA) booked net loss of Rp158.7 billion in the first half of 2026 against profit of Rp29.1 billion in the corresponding period last year on lower sales and squeezed operating margins. Mulia Industrindo’s sales revenue declined...