Domestic issues weighed on rupiah, stocks

Bank Central Asia (BBCA), the largest bank in private sector, offered USD bank notes at Rp17,940 on Friday (May 29), moving closer to the new psychological level of Rp18,000 as foreign investors continued selling Indonesian stocks following rebalancing by MSCI and...

Indonesia-France Trade

Most criticize President Prabowo’s frequent visit to France, which is not a major trading partner for Indonesia. With total trading value (export-import) of around 3 billion euros per annum, France is substantially smaller trading partner than Germany and Italy. ...

Prabowo in Paris: Episode 4

President Prabowo Subianto is visiting France for the fourth time since taking office, and for the third time this year alone. The unusual frequency of these visits has drawn public attention, particularly because such high-level diplomacy is expected to produce...

Venture capital builds a political shield

Over the past two weeks, digital ecosystem has been flooded with a remarkably synchronized argument. The core message is consistent: failed startup investments should not be criminalized. Venture capital is inherently risky. Innovation cannot survive if executives...

Huawei’s chip ambitions should alarm Indonesia

Recent reports about Huawei developing alternative chip manufacturing methods to challenge Taiwan Semiconductor Manufacturing Company and Samsung Electronics should serve as a wake-up call for Indonesia. The issue is not merely about who makes the fastest chips. It...

Pulau Katang controversy

The recent controversy surrounding the online sale advertisement of Pulau Katang in the Riau Islands illustrates how rapidly that shift is happening. A Threads account openly offered the 73-hectare island for Rp65 billion, promoting it as suitable for a “private...

Domestic issues continue to weigh on rupiah

Brent crude oil gained 2.15% to US$96.3 per barrel this morning due to reports about fresh US strikes in Iran, but that’s not the main reason why rupiah steadily declines. Domestic major banks are now offering Rp17,850 per USD, moving closer to its new psychological...

When Rp100 Billion Feels Personal

In celebration of Eid al-Adha 2026, President Prabowo Subianto distributed 1,098 sacrificial cows worth Rp 100 billion, funded through the state budget. In other words, the cattle were purchased with public money, not from the president’s personal wealth. But the way...

The coming royalty war in AI economy

The government, through the Directorate General of Intellectual Property (DJKI), is studying the creation of a collective management organization to collect royalties from AI companies that use copyrighted materials to train their models. The proposal would function...

Time’s up for Musim Mas?

Musim Mas, controlled by Karim Family, is said among 10 palm oil exporters being investigated for under-invoicing and transfer pricing prices alongside Wilmar International Ltd. Somehow, Musim Mas and Wilmar have also been implicated in the corrupt judges scandal...
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