Small poultry player PT Janu Putra Sejahtera Tbk (AYAM) recorded losses of Rp16.7 billion in Jan-Sep 2025 against profit of Rp7.03 billion in the corresponding period of 2024 on squeezed margins. Janu Putra is controlled by Singgih Januratmoko, a lawmaker from Golkar Party, member of the ruling coalition of Prabowo.

At the World Economic Forum in Davos, Coordinating Economic Affairs Minister Airlangga Hartarto spoke optimistically about potential investments from global technology firms, including Cloudflare, in data centers and cybersecurity.

Govt is preparing to auction radio spectrum—this time in the coveted 700 MHz and 2.6 GHz bands, with millimeter-wave frequencies hovering on the horizon. For policymakers, spectrum auctions are familiar terrain: publish a regulation, set a reserve price, invite bidders, declare winners. The process is visible, measurable, and fiscally attractive. But history suggests a hard truth: auctioning spectrum is the easy part. Making 5G actually usable nationwide is far harder—and far more political.

Nearly one month on, Indonesia’s plan to significantly cut coal production, and, accordingly, export yet to result in higher average price in international market. Newcastle thermal coal retreated to US$109 per ton, reflecting 6.3% correction year-on-year due to subdued demand and higher output in major importing countries, particularly China and India.

Free ‘nutritious’ meal (MBG) is the single largest project from Prabowo administration this year. With estimated spending of Rp335 trillion, everybody wants to get a piece of it. Some food and beverage companies listed on the Indonesia Stock Exchange (IDX), unsurprisingly, have anticipated that.

Minister Airlangga Hartarto met executives from NVIDIA and other global technology firms at the World Economic Forum in Davos, the optics were unmistakably positive. Indonesia was pitching itself as the next big destination for data centers, artificial intelligence infrastructure, and cybersecurity investment. The message was ambitious: Indonesia is open, ready, and serious.

Over the past two weeks, thousands of Indonesians in Cambodia have fled online scam compounds where they were employed. It is always easy to paint these migrant workers as criminals, given the nature of their work. This framing, however, overlooks a deeper issue the government has continuously failed to address: why did they take the job in the first place despite being aware of the risks involved?

One venture capital, subsidiary of a state-owned company, claimed fair value of its investment in fintech company Kredivo at US$74.9 million last year, down from US$78.3 million in 2024, but still nearly 10 times its principal investment. 

Andi Taufan Ganda Putra, founder and CEO of P2P fintech platform Amartha (PT Amartha Mikro Fintek) claimed of reporting profit in the past few years. Unfortunately, without quarterly publication of financial report (audited and unaudited), public at large can’t verify such claim.

Composite index of Indonesia Stock Exchange (IHSG) dropped 1.56% to 8,851 this morning on broad market correction mainly from internal issues. Other stock markets in the region were mostly in green territory on stronger economic data from US and Japan or Trump’s scaling down threat on Greenland.