The clash of titans is looming. Victor Hartono, heir of richest man Budi Hartono (owner of Djarum Group/BCA), was initially banned overseas travel for six months. Days later, unusually, the ban was lifted. Then Sjafrie Sjamsoeddin, the current strong man trusted by President Prabowo, complained about status and operation of airport in Morowali, which was dismissed by Luhut Binsar Pandjaitan, the strong man from then president Jokowi, who tacitly supported Prabowo’s winning campaign.

Minister of finance Purbaya Yudhi Sadewa is famous with his prediction about composite index of Indonesia Stock Exchange (IHSG), which will fly to the moon (over 36,000 by 2035 from the current 8,637), but at the same reminded the Financial Services Authority (OJK) to show him ‘the arrested trading manipulators’ before giving incentives to retail investors.

Share trading of PT Platinum Wahab Nusantara Tbk (TGUK), operator of food and beverages retailer with Teguk and Cemil.in brands, has been suspended by the Indonesia Stock Exchange (IDX) since May 29, 2025, less than two years after the initial public offering (IPO) in July 2023.

The tragedy unfolding in Sumatra is no longer merely an environmental disaster. It has become a political reckoning. As villages were swept away, rivers overflowed, and entire communities were uprooted, Indonesia was forced to confront an uncomfortable truth: nature may have triggered the storm, but governance failures turned it into a catastrophe.

The government’s latest proposal — a Debottlenecking Task Force led by Finance Minister Purbaya Yudhi Sadewa — is being presented as a new fast-track mechanism that will allow businesses to escalate regulatory, licensing, and administrative obstacles directly to a minister-level forum.

President Prabowo Subianto once claimed that Indonesia’s current unemployment rate is at its lowest since the 1998 monetary crisis. The Central Bureau of Statistics (BPS) recorded a decrease in the Open Unemployment Rate of 0.06% in February 2025, compared to the corresponding period last year. However, recent findings from LPEM of University of Indonesia showed an increase in discouraged workers, indicating otherwise.

Shares of PT Perintis Triniti Properti Tbk (TRIN) have surged sharply in recent weeks, prompting unusual marketplace activity, temporary suspension, and rising curiosity among analysts. The rally appears to echo the pattern once seen in ICT firm WIFI (Surge), where the entry of a politically connected figure reshaped investor expectations overnight. In TRIN’s case, that figure is Rahayu Saraswati Djojohadikusumo, the niece of President Prabowo Subianto, who was appointed President Commissioner shortly before the stock began climbing.

Oversubscription of the first edition of Patriot Bonds might encourage sovereign wealth fund Danantara to issue the second to finance ambitious projects, including the 3 million homes per annum program from Prabowo administration.

As “agentic AI” becomes the newest buzzword in Indonesia’s tech and business circles, a narrative is rapidly taking hold: that autonomous AI agents will allow small and medium enterprises (SMEs) to finally “compete with big corporations.” The claim—promoted in industry articles and corporate press releases—sounds promising. But like most technology narratives in emerging markets, it deserves deeper scrutiny beyond the marketing gloss.

Japan’s Rengo Co., Ltd., through its joint venture in Thailand, Thai Containers Group Co., Ltd., has entered into a conditional share purchase agreement to acquire 60% shares of corrugated packaging manufacturer PT Prokemas Adhikari Kreasi (commonly known as Mypak), through TCG Solutions Pte. Ltd., TCG’s subsidiary, aims for completion by the end of 2025.