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. 

Shares of Bank Permata (BNLI) ended substantially higher by 17.3% to Rp1,630 last Friday (Feb 14) when the bank announced 38% jump in net profit to Rp3.57 trillion last year. The last quoted price was above the price paid by Bangkok Bank when acquiring the bank five years ago, but the bank is valued lower now.

President Prabowo Subianto revealed more details about his budget cut and BP Danantara in a speech at the World’s Governments Summit on Thursday (Feb 13). Prabowo proudly claimed that his administration managed to save US$20 billion from the State budget cut, and that the newly established super holding Danantara will play crucial role in achieving his ambitious 8% economic growth.

TVRI and RRI have eventually cancelled the mass layoffs after receiving a backlash from the public as well as a reprimand from the House of Representatives (DPR). This decision was conveyed by President Director of TVRI, Imam Brotosena, and President Director of RRI, I. Hendrasmo, in a hearing meeting (RDP) with the Commission VII of DPR on Wednesday (12/02). Both of them also ensured that there will be no layoff, temporary dismissal, or even fee deduction for the employees and contributors working at the two institutions.

Shares of consumer goods giant Unilever Indonesia (UNVR) opened lower by almost 5% to Rp1,320 this morning as investors digested the company’s full year 2024 financial results. Unilever recorded net profit of Rp3.37 trillion, collapsed by 30% from 2023, mainly due to high trademark, technology and service fees charged by its parent company overseas.

Changing public opinion, lobbying efforts from some organisations, criticism from within the bureaucracy, the House of Representatives (DPR), and civil society have forced another policy shift in Prabowo regime. The budget cut previously applied to 17 ministries/agencies will soon apply across the board. 

Lembaga Pembiayaan Ekspor Indonesia (LPEI) or Indonesia Eximbank booked net profit of Rp232 billion in 2024 against net loss of Rp18.1 trillion (US$1.1 billion) in the previous year. The export financing company, suffered from series of fraud, survived only with steady capital injection from the State. 

In today’s digital era, businesses are increasingly leveraging technology to enhance operational efficiency, particularly in human resource (HR) management. Traditionally, HR was burdened with manual processes and extensive paperwork. However, modern HR software solutions, such as Odoo, have revolutionized workforce management by automating administrative tasks, improving accuracy, and boosting productivity.

The human brain takes a significant amount of time to recognize, analyze images, and make decisions based on the data. In the medical world, particularly in dentistry, this analytical process plays a crucial role in determining patient treatment plans. For example, a dentist or orthodontist typically requires 30 minutes to an hour to analyze a patient’s jaw before planning braces installation. However, with the advent of artificial intelligence (AI), this process can be shortened to mere seconds.