Social and conventional media widely discussed about the leaked prospectus for the initial public offering (IPO) of Superbank, a digital lender backed by Grab and Emtek Group. Superbank is said expecting to raise over US$320 million from the IPO with enterprise value of US$2.15 billion, which, if materialized, will make it bigger than BankJago (ARTO) and AlloBank (BBHI). 

The central government’s policy to reduce regional transfers (TKD) worries the public, and especially regional heads, considering its likelihood to create a turbulence in the fiscal management. Low economic independence, paired with limited funds from central government, is not a pleasant combination for regions with weak fiscal capacity.

As Blok Cepu enters the final decade of its 30-year production sharing contract, a quiet question is circulating in policy and industry circles: why has ExxonMobil, the operator of Indonesia’s most prolific oil field in the last two decades, not yet submitted any formal request for contract extension?

Evonik Industries AG has divested its full ownership in PT Evonik Sumi Asih to South Korea’s chemical manufacturer, Aekyung Chemical Co Ltd. Evonik has divested its betaines business in Bekasi, West java province, as the company continues to adjust its portfolio toward sustainable specialty chemicals.

So, each business family should have at least one ‘highly inflated stock’ listed on the Indonesia Stock Exchange (IDX) to help polishing the government’s image. In the case of Hermanto Tanoko, it is PT Jaya Sukses Makmur Sentosa Tbk (RISE), a property developer currently worth four times of significantly bigger and more profitable BSD City (BSDE).

Visi Media Asia (VIVA), a media company led by Anindya Bakrie (chairman of Indonesian Chamber of Commerce and Industry (KADIN Indonesia), dismissed 101 more workers in the third quarter of 2025 to make a total of 31% cut in its workforce for the first nine months of the year due to weaker operations and financials.

Indonesia welcomed 11.4 million international visitors in the first nine months of 2025, an increase of 10.2% from the corresponding period last year. Vietnam, meanwhile, welcomed over 15.4 million visitors in the same period, grew significantly by 21.5% from the same period last year.

IT resellers (software and hardware) Metrodata Electronics (MTDL) and Multipolar Technology (MLPT) reported 9% and 10% revenue growth respectively in the first nine months of 2025. The difference, Metrodata shares were flat, while Multipolar already gained 300% year-to-date. Looks like that conglomerates met President Prabowo Subianto few months back should have at least one ‘highly inflated stock’ to support the composite index (IHSG).

Dato Tahir and James Riady are in-laws. They were among eight businessmen invited for a ‘small group meeting’ with President Prabowo Subianto at the State Palace few months back. Tahir owns Mayapada Hospital (SRAJ), while Riady is linked to Siloam Hospitals (SILO). 

Jusuf Kalla, former vice president and one of South Sulawesi’s most influential businessmen, called the ongoing 16.4-hectare land dispute in Tanjung Bunga “a robbery’. He was not merely defending his family’s corporate assets. He was asserting Makassar’s right to economic sovereignty against a decades-old dominance of Jakarta-based conglomerates.