Bracing for more pressures (2)

Mar 6, 2026 | Market

Rupiah weakened closer to Rp17,000 per US dollar, while Brent crude oil advanced 4.2% to US$84.7 per barrel. Rupiah is way below exchange rate assumption used for the State Budget 2026 (Rp16,500), while crude oil is now 17% above the Indonesia Crude Price (ICP)...

Reality check on PIK-2

Mar 5, 2026 | Market

Shares of PIK-2 (PANI), co-owned by Agung Sedayu Group (Sugianto Kusuma) and Anthoni Salim, ended higher by 1.8% to Rp8,600 on Thursday (Mar 5) as investors responded positively the company’s financial performance last year.  PIK-2 generated sales revenue of Rp4.32...

When Wikipedia turns read-only

Mar 5, 2026 | Law, Market

The Ministry of Communication and Digital (Komdigi) has restricted login access to Wikipedia since February 25, 2026, citing non-compliance with PSE regulations. Unlike a total ban, the restriction still allows users to read articles but prevents contributors from...

The fine line between tax compliance and financial surveillance

Mar 5, 2026 | Law, Market

Indonesia’s effort to modernize its tax administration has entered a new stage. A recently issued regulation from the Finance Ministry requires credit card issuers and payment processors to submit transaction data to the Directorate General of Taxes (DJP). For the...

Cepu and the politics of the 50:50 debate

Mar 5, 2026 | Commodities, Politics

Debate over the future of Cepu, the largest oil producing block, has once again exposed a familiar tension in Indonesia’s energy policy: the delicate balance between attracting investment and defending national resource interests. The latest controversy centers on...

BoP dilemma amid the Iran–US escalation

Mar 5, 2026 | Politics

The rapid escalation of tensions between Iran and the United States has unexpectedly exposed a diplomatic dilemma for Indonesia. In the days following the conflict, a series of political and diplomatic signals emerged in Jakarta: former president Megawati...

Haji Isam’s TEBE, Dato’s BYAN & Widjaja’s GEMS

Mar 5, 2026 | Commodities, Market

Dana Brata Luhur (TEBE), a coal logistic company controlled by the family of Haji Isam, coal miner Bayan Resources (BYAN) controlled by Dato Low Tuck Kwong, and Widjaja Family’s Golden Energy Mines (GEMS) provided us with some interesting facts from their full year...

Reality check on Data Center Indonesia

Mar 5, 2026 | Market

Shares of PT Data Center Indonesia Tbk (DCII), co-owned by tycoon Anthoni Salim, ended lower by 6.5% Wednesday (Mar 4), contributing to 4.6% fall of the IDX composite index (IHSG). DCII, however, remains one of the most inflated stocks in the market. Highly inflated...

Bracing for more pressures

Mar 4, 2026 | Market

Asian stock markets opened mostly lower ground this morning due to escalation of conflicts in the Middle East. Rally in oil price briefly halted by Trump’s pledge to escort oil tankers passing through the Straits of Hormuz, while Qatar’s decision to halt LNG...

The Disposable Couriers

Mar 4, 2026 | Law

The debate surrounding the death sentence imposed on the Sea Dragon Tarawa crew members should not be reduced to a binary question of guilt or innocence. The more urgent issue lies on whether the punishment imposed is proportionate to the actual role, and whether law...