Further pressures on Cinema XXI

Shares of PT Nusantara Sejahtera Raya Tbk (CNMA), operator of Cinema XXI outlets, opened higher by 2% to Rp96 this morning on broad market sentiment, but the stock is not even half of the initial public offering (IPO) price three years ago. CNMA launched an IPO at...

Data economy behind new digital game platforms

Gaming industry is no longer just about entertainment. It is quietly evolving into one of the country’s most powerful data economies. The emergence of platforms such as Hidden Supply reflects this transformation. Originally positioned as a facilitator for game account...

The Coordinated Fight Back for Nicko Widjaja

The public battle surrounding former venture capital executive Nicko Widjaja is no longer centered inside a courtroom. It has evolved into something far larger: a coordinated narrative war across Indonesia’s startup ecosystem. What stands out is not merely the volume...

ASEAN’s new digital battlefield

Amazon’s plan to invest more than US$33 billion across Southeast Asia by 2039, including Indonesia, is only the latest sign of a much larger geopolitical shift. Microsoft, Google, Oracle, NVIDIA and even Chinese tech giants are all racing to establish dominance in...

MBG: High Ambition, High Risk

Beyond its goal of improving nutritional outcomes, the MBG program was also expected to boost regional economies by involving MSMEs and local suppliers. However, behind this ambitious vision, the National Corruption Prevention Strategy (Stranas PK) team has identified...

Market issues to watch

Brent crude oil retreated 5% to Us$98.7 per barrel in Asian trading this morning as US and Iran reportedly closer to ink a deal in ending the conflict, which started in late February. US dollars, accordingly, depreciated against most currencies, which could prevent...

Mandatory deposit of forex earnings weighs on state banks

State banks will have to work extra hard to handle foreign exchange earnings deposited by Indonesian exporters. The government requires exporters to park these earnings for a longer period in a bid to support rupiah, but state banks will pay the price. “Unless the...

Export data discrepancy & under-invoicing (2)

President Prabowo Subianto presented a data processed from UN Comtrade to come up with a conclusion: Indonesia has long been robbed by its exporters, and, accordingly, shall be stopped with centralization of export through PT Danantara Sejahtera Indonesia (DSI). What...

The ghosts behind Kalimantan’s bauxite permits

The arrest of businessman Sudianto alias Aseng, the beneficial owner of PT Quality Sukses Sejahtera (QSS), is not merely another mining corruption case. It exposes a deeper problem that Indonesia has never fully solved: the political economy of regional mining...
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