Shares of Bank Danamon (BDMN), one of the largest banks in Indonesia, ended slightly higher by 0.4% to Rp2,530 on Tuesday (Feb 18). It is not even half of the price paid by The Bank of Tokyo-Mitsubishi UFJ Ltd (member of MUFG) to Singapore’s Temasek seven years ago. 

Not only students, online ride-hailing drivers (usually abbreviated as ojol) and couriers also took to the streets to protest on Monday (17/02). One of their primary demands is the payment of Religious Holiday Allowance (THR), considering that the holy month of Ramadan is fast approaching. In response to the protest, Minister Yassierli assured that the Ministry of Manpower has had meetings with ride-hailing companies to discuss the regulation regarding THR for ojol drivers and couriers, but the process is still ongoing.

It is all about the 2029 reelection bid now. President Prabowo Subianto looked raising his tone when talking about Danantara, the newly established agency that would handle US$980 billion assets under management (AUM), in his speech at Gerindra Party’s 17th Anniversary over the weekend.

Indonesia Stock Exchange (IDX) suspended trading in the shares of Kapuas Prima Coal (ZINC) since February 12 due to doubts over the company’s going concern. The doubt was rooted in ZINC’s failure to make payments on the principal and interest of bonds issued in 2013, which was due February 13. 

CoHive was a coworking space provider founded in 2015 under the name EV Hive by the venture capital firm East Ventures. Initially, EV Hive served as a workspace for East Ventures’ portfolio startups before opening to the public in mid-2016. In 2017, the company was taken over by Jason Lee, Carlson Lau, and Ethan Choi, who later rebranded it as CoHive in 2019. Under their leadership, CoHive experienced significant expansion, operating around 30 locations with a total area of 60,000 square meters across cities such as Jakarta, Medan, Yogyakarta, and Surabaya. Its services included coworking spaces, private offices, meeting rooms, and even co-living spaces. At its peak, CoHive occupied an 18-story building in Mega Kuningan, Jakarta, known as CoHive 101.

Indonesia reported trade surplus of US$3.45 billion in January 2025, way above predictions from some economists. The trade surplus jumped by 73% year-on-year as export expanded by 4.68%, while import declined by 2.67%. What’s happened?

Shares of mining contractor Petrosea (PTRO), member of Prajogo Index, ended higher by 1.46% to Rp3,470 on Friday (Feb 14) to make a market capitalization of Rp35 trillion, bigger than state coal miner Bukit Asam (Rp31.2 trillion). The stock, as you know, has gained more than 700% in the past 12 months.