Masela Block: Talk the Talk

President Prabowo Subianto reportedly witnessed the signing of over US$22 billion worth of investments from Japan in his recent State visit, but US$21.9 billion of them is ‘commitment’ from Inpex Corporation to develop the long-delayed Abadi LNG project in Masela...

Prabowo’s Seoul Visit

Following a three-day state visit to Japan, President Prabowo Subianto and his entourage departed for South Korea on Tuesday (31/03). The visit, scheduled to run until April 2, is part of his East Asian diplomatic tour aimed at strengthening bilateral cooperation...

From maps to markets

Terralogiq promote artificial intelligence and geospatial data as the future of business expansion, the narrative is compelling: smarter decisions, lower risks and precision down to the last meter. But this story is not just about technology. It is about...

Judicial independence—or judicial immunity?

Indonesia is once again attempting to reform its judiciary. The proposed RUU Jabatan Hakim (Judges Bill) promises to elevate judges into fully independent state officials, free from bureaucratic constraints. On paper, it is a long-overdue correction. In practice, it...

Civilian victim, military court

The decision by the TNI to formally request access from Lembaga Perlindungan Saksi dan Korban (LPSK) to question Andrie Yunus is not merely procedural. It signals a deeper and far more consequential legal question: will this case be tried in a military court, even...

The undervalued Kalbe Farma

Shares of Kalbe Farma (KLBF), the largest pharmaceutical company listed on the Indonesia Stock Exchange (IDX), ended higher by 3.2% to Rp970 Tuesday (Mar 31). At the last quoted price, however, Kalbe Farma was traded with PE multiple 12 only, way below market average....

Gudang Garam’s ‘layoffs’

Shares of Gudang Garam (GGRM), the second largest cigarette producer behind HM Sampoerna (HMSP), ended higher by 3.1% Tuesday (Mar 31) as the company reported 59% jump in net profit to Rp1.56 trillion last year.  GGRM was last traded with PE multiple 17.4, on par with...

Alfamart & KDMP’s numbers

Shares of Sumber Alfaria Trijaya (AMRT), operator of Alfamart convenience stores, ended substantially higher by 5.34% Tuesday (Mar 31) as investors responded positively the company’s performance in 2025. The stock, however, has lost 53% from its peak in October 2024,...

Reality check on Prajogo’s CUAN

Shares of Petrindo Jaya (CUAN), a coal mining and services company controlled by Prajogo Pangestu, declined 2.2% to Rp1,105 this morning as investors responded to the company’s financial report for full year 2025. CUAN, parent of Petrosea (PTRO), has lost 37% its...
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