Rating downgrade, yet

Apr 28, 2026 | Market

Global rating agencies have downgraded Indonesia’s outlook from stable to negative, but yet to issue a full sovereign rating downgrade. It is about whether Prabowo administration would be willing to accept reality or facing sovereign rating downgrades. Indonesian...

Digital market, analog regulation

Apr 28, 2026 | Law, Market

Digital economy was built on a promise: empower small businesses, connect them to millions of consumers and remove traditional barriers to entry. For years, that promise held. Platforms like Tokopedia and Shopee became gateways for micro, small and medium enterprises...

Childcare without control

Apr 28, 2026 | Law

Komisi Perlindungan Anak Indonesia did not uncover the daycare abuse case in Yogyakarta. Nor did local inspectors. Nor did routine government audits. Instead, the scandal at the Little Aresha daycare—where more than 50 children were allegedly subjected to physical...

Cabinet Reshuffle: No one falls, everyone rotates

Apr 28, 2026 | Politics

Prabowo Subianto closed April without removing a single minister. The message was unmistakable: stability of the ruling coalition outweighs performance-based accountability. Yet the absence of dismissals did not mean inaction. Instead, the President quietly...

Free private schools

Apr 28, 2026 | Politics

The Jakarta Provincial Government will make tuition free at 103 private schools this year, spanning elementary, middle, and high school levels. The initiative requires no new buildings and no large-scale teacher recruitment, but it will significantly expand access to...

Layoffs in 2026 (2)

Apr 28, 2026 | Market

PT North Sumatra Hydro Energy (NSHE), developer of 500 MW hydropower plant in Batang Toru, North Sumatra province, avoided laying off hundreds of workers as the company, whose permits were once revoked by President Prabowo few months back, has reportedly been cleared...

Palm oil players in Q1: Weaker margins

Apr 28, 2026 | Commodities, Market

Palm oil maintains its strong run this year with last quoted price of RM4,534 per ton in the Bursa Malaysia Derivatives Monday (Apr 27). That means the commodity gained 14.5% year-on-year. Combined with depreciation of rupiah against Malaysian Ringgit, Indonesian palm...

Iron & steel in Q1: Mixed results

Apr 28, 2026 | Industries, Market

Three iron and steel companies listed on Indonesia Stock Exchange (IDX)—-Krakatau Steel, Spindo, and Garuda Metalindo—-reported mixed financial results in the first quarter of 2026. Krakatau and Garuda Metalindo improved on sales and margins, while Spindo weakened....

Prabowo expands the bureaucracy further

Apr 27, 2026 | Market

Amid economic pressures and concerns about fiscal sustainability, President Prabowo opted to expand the bureaucracy with the appointment of new vice coordinating minister position and special advisor for communication affairs on Monday (Apr 27). Prabowo appointed...

Fiscal rescue—or fiscal control?

Apr 27, 2026 | Market, Politics

The Home Affairs Minister Tito Karnavian announced Rp1 trillion in incentives for high-performing regional governments. The policy was framed as a reward for innovation and discipline. But beneath the surface, is this really fiscal support—or a new mechanism of...