AI Washing: The next digital illusion

Jul 30, 2026 | Market

Indonesia has wasted no time embracing artificial intelligence. Within months, the government has announced plans for AI governance, proposed regulations on AI-assisted identity verification and cryptography, and recently established a dedicated Directorate of...

Chandra Asri’s squeezed margins

Jul 30, 2026 | Market

Shares of Chandra Asri Pacific (TPIA), the largest petrochemical company in Indonesia, ended substantially higher by 5.3% to Rp2,200 Wednesday (Jul 29) even when the Prajogo Pangestu-controlled entity reported substantially smaller net profit margin in the second...

What’s next: Printing more money?

Jul 30, 2026 | Market

Bank Indonesia leadership is taken! State security printing company Peruri, which produces bank notes, has also been brought under full control. What’s next might be printing more money ahead of 2029 election? “That’s what I’m afraid. This government might order the...

Why Starbucks operator’s loss expanded 51%?

Jul 30, 2026 | Market

Shares of MAP Boga (MAPB), subsidiary of Mitra Adiperkasa (MAPI), ended lower by 1.7% to Rp1,175 Wednesday (Jul 29) to make a market capitalization of Rp2.81 trillion. MAPB, operator of global brands like Starbucks and Subway, is now only half the value of local brand...

The Whip Pink case

Jul 29, 2026 | Market

Earlier this year, questions arose over Whip Pink’s marketing of its culinary products as a lifestyle brand associated with parties and nightlife. Now, months later, the brand has found itself at the center of a police investigation into the production and...

Post-quantum cryptography regulation?

Jul 29, 2026 | Law, Market

The Ministry of Communication and Digital Affairs (Kemkomdigi) is preparing regulations on post-quantum cryptography, AI-based identity verification, cloud signing and internationally recognised electronic certificates. Officials describe the package as the foundation...

Efficiency for some, subsidies for others

Jul 29, 2026 | Market

For months, we have been told that fiscal efficiency is unavoidable. Ministries have trimmed budgets, official travel has been reduced, regional governments have struggled to finance personnel spending, and thousands of prospective Government Employees with Work...

Hajj funds should not become a fiscal cushion

Jul 29, 2026 | Market

Hajj Fund Management Agency (BPKH) remains financially healthy on paper. Total assets reached Rp238.8 trillion by the end of June 2025, while the institution recorded a comprehensive surplus of Rp5.87 trillion in the first half of the year. These figures suggest...

Fiscal management credibility: KDMP managers & employees

Jul 29, 2026 | Market

Public have been left in the dark about source of funds for the costly training for over 30,000 prospective managers of the Red-and-White Village Cooperative (KDMP). Now, Prabowo’s cabinet is working on payment of salary for the managers (ultimate target more than...
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