Back to domestic issues

Jun 15, 2026 | Market

Foreign investors returned to net sell position on Monday (Jun 15), whilst small, but composite index of IDX (IHSG/JCI) advanced 4.12% on US-Iran peace deal. Rupiah also gained more grounds as US dollar weakened against most currencies. Indian rupee gained 0.9%...

Global pressures eased off, less incentive to change

Jun 15, 2026 | Market

Composite index of IDX (IHSG/JCI) opened higher by 3.8% Monday (Jun 15) morning, while rupiah appreciated further to Rp17,716 per US dollar on US-Iran peace deal. While details of the deal are not available, Brent crude oil futures dropped further by 4.7% to US$83.3...

Behind Closed Doors at Kertanegara

Jun 15, 2026 | Market, Politics

President Prabowo Subianto’s recent closed-door meeting at his private residence in Kertanegara has raised important questions about the direction of policymaking in Indonesia. The gathering brought together several influential figures in the administration, including...

Anthropic Suspension Controversy

Jun 15, 2026 | Market

The sudden suspension of Anthropic’s newest AI models, Fable 5 and Mythos 5, marks a turning point in the global technology race. Only days after launch, the US government ordered Anthropic to block access to the models for foreign nationals, citing national security...

IPO to Watch: INACO

Jun 15, 2026 | Market

PT Niramas Utama Tbk (JELI), famous with its INACO brand, is currently launching an initial public offering (IPO) of 350 million shares to raise up to Rp392 billion. The company plans to use vast majority of proceeds to expand into gummy candy business. Niramas offers...

Sujaka Lays & The absence of market authorities

Jun 15, 2026 | Market

Shares of Black Diamond Resources (COAL), a company controlled by Sujaka Lays, ended substantially lower by 8.1% to Rp34 on Friday (Jun 12), not even one-tenth of its peak (Rp525) after initial public offering (IPO) less than three years ago.  COAL is a small company...

Week ahead

Jun 14, 2026 | Market

External factors might be favourable for Indonesian market in the new week. Brent crude oil futures dropped 3.37% to US$87.3 per barrel on Friday (Jun 12), while USD lost ground against most currencies on US-Iran peace deal optimism. “Investors might be focusing on...

Revisiting Bakrie’s VIVA & tax liabilities

Jun 14, 2026 | Market

Visi Media Asia (VIVA), holding company for TVOne and ANTV controlled by Bakrie Group, has only published its full year 2025 financial statement two weeks ago. The report confirmed VIVA as the worst performer among major players in the TV media industry. VIVA, which...

Prabowo’s national car program

Jun 14, 2026 | Industries, Market

President Prabowo Subianto said recently that he saw the country was heading to wrong direction in early 90s, and that he is now taking the country to a new direction. It is not clear, however, whether national car program from then President Soeharto, that time...

Personal care industry: Old vs New

Jun 14, 2026 | Market

Mustika Ratu (MRAT) and Martina Berto (MBTO) used to be household names for cosmetics and personal care. They’re among pioneers of local brands. Their companies have also long listed on the Indonesia Stock Exchange (IDX). Their combined market value (Rp316 billion),...