Hostile takeover of Martabe Gold: The law of the jungle
Total (France) and Inpex (Japan) lost economic rights in Mahakam, used to be the largest gas producing block, and Chevron (USA) left Rokan Block, then the largest oil producing block, under the Jokowi administration (2014-2024) under the ‘nationalism campaign’. Total, Inpex, and Chevron, however, had enjoyed huge economic benefits for decades, and that their contracts were legally not extended.
Market necessary corrections
Composite index of Indonesia Stock Exchange (IDX) opened substantially lower by 6.5% this morning, dragged down by inflated stocks which contributed to substantial rally in the composite index for quite sometime.
Holiday bonuses, mergers, and the quiet reshaping of gig economy
The confirmation that ride-hailing drivers will again receive a Bonus Hari Raya (BHR) ahead of Lebaran 2026 has been welcomed as rare good news in Indonesia’s gig economy. Executives at GoTo Group framed the move as proof that digital platforms can balance commercial discipline with social responsibility.
Indonesia draws a red line on AI platforms
Indonesia’s warning that it may permanently block Grok AI if it refuses to comply with national regulations marks a decisive shift in how the country positions itself in the global artificial intelligence debate. This is no longer a technical dispute about content moderation. It is a political statement about sovereignty in the digital age.
From revocation to hostile takeover
Indonesia’s decision to revoke the permits of 28 companies linked to environmental destruction in Sumatra was initially welcomed as a long overdue assertion of state authority. After years of weak enforcement, the move appeared decisive. Yet the subsequent decision to hand over former concessions to state-owned entities has pushed the issue into a more complex and legally sensitive phase.
RH Petrogas & Bribery Allegations in Indonesia
SGX-listed RH Petrogas Limited with oil and gas operations Indonesia has on Tuesday (Jan 27) released an Independent Review report from PwC related to allegations from whistleblower about bribery committed by former president director of Petrogas Indonesia.
Doubts in nickel production cut
Nickel dropped 1.91% to US$18,235 in the London Metal Exchange (LME) Tuesday (Jan 27) on persistent surplus outlook and doubts over Indonesian government’s plan to significantly cut production of nickel ores.
Weaker Q4 for BCA
Pretty much in contrast to the government’s claim of substantially stronger economy in the fourth quarter of 2025, Bank Central Asia (BBCA), the largest bank in private sector, reporter weaker growth in the quarter.
Hostile takeover continues
Prasetyo Hadi, minister of State Secretary, told detikfinance.com on Monday (Jan 26) that land and economic activities of 28 companies, whose permit have recently been revoked by President Prabowo Subianto, will be managed by Danantara, a state agency controlling state companies.
Whip Pink: New Business Trend
There has recently been a surge in online discussion about Whip Pink, a nitrous oxide product, following the death of an internet celebrity. While nitrous oxide is legal due to its legitimate culinary and medical uses, its recreational consumption is an open secret. The issue is that Indonesia has yet to set clear rules on the non-medical use of nitrous oxide, possibly creating a space for regulatory arbitrage to flourish. Whip Pink may not just be a viral product–it could mark the beginning of a new, unsupervised business trend enabled by government inaction.