The government’s attempt to associate the SMAN 72 Jakarta explosion with PUBG Mobile is not only baseless but intellectually dishonest. No forensic evidence, digital footprint, or official investigative statement has shown that the student responsible played PUBG, drew inspiration from battle-royale mechanics, or learned any form of explosive construction from the game. Yet PUBG was immediately singled out as a potential target for new restrictions. This move reflects political theatrics rather than genuine policymaking. Indonesia is once again replaying an outdated moral-panic script: when a youth tragedy occurs, blame the most visually violent game available.

The Financial Services Authority (OJK) has revoked the business license of PT Crowde Membangun Bangsa, and it is difficult to overstate what this means for Indonesia’s agrifintech sector. This is no mere compliance failure. Crowde’s collapse reveals a structural weakness that the industry has tried to ignore for years.

Todotua Pasaribu, deputy investment and downstreaming minister, revealed a plan from Toyota Tsusho Corporation (TTC) to invest US$100 million in Indonesia for the processing of tin and copper. 

Sovereign wealth fund Danantara has shortlisted 24 companies as technology partners for the planned waste-to-energy (WtE) projects in 33 cities across the nation, which will partly funded by proceeds from Rp50 trillion ‘patriot bonds’ subscribed by Indonesian conglomerates.

PT Pertamina New Renewable Energy (NRE) and Toyota are said planning to build a bioethanol plant in Lampung, Sumatra with Rp2.5 trillion of investment to meet the government’s mandatory E10 (ethanol 10 percent) policy scheduled for implementation in 2027.

President Prabowo Subianto has instructed cabinet members and sovereign wealth fund Danantara to accelerate execution of 18 strategic projects in various sectors with estimated investment of almost US$40 billion to create jobs for 300,000 people.

If the Telkomsel–GoTo investigation is the legal lever pressing GoTo downward, the upcoming Presidential Regulation on ride-hailing is its regulatory counterpart. Together, they create a powerful two-pronged pressure architecture that reshapes the negotiating field for Indonesia’s largest digital platforms.

The Attorney General’s Office launched a probing investigation into Telkomsel’s multibillion-rupiah investment in GoTo, while the Presidential Palace openly confirmed that the government is “reviewing” a potential Grab–GoTo merger. On the surface, these events appear unrelated. A closer look suggests they may be part of the same long game.

Three major conventional banks, Bank BRI (BBRI), Bank Central Asia (BBCA), and BNI (BBNI), have ventured into ‘digital bank’ business. On average, they grew slower than ‘digital banks’ controlled by non-bank groups like SeaBank, BankJago, and Superbank. 

If the leaked prospectus is confirmed, Superbank will have bigger market capitalization than AlloBank (BBHI). BBHI, controlled by Chairul Tanjung, was last traded at Rp1,460 to make a market capitalization of Rp31.4 trillion or 4.2 times equity. The bank lost 78% its value from peak in April 2022.