President Prabowo Subianto praised his cabinet for what he claimed as ‘earlier than expected’ food self-sufficiency. Prabowo said Indonesia will achieve the food self-sufficiency by the end of this year or early 2026 the latest. Really?

Shares of state-owned mortgage bank PT Bank Tabungan Negara/ BTN (BBTN) ended flat at Rp1,095 on Tuesday (Jan 21) as investors responded to the Company’s acquisition plan of PT Bank Victoria Syariah, unit of Bank Victoria International (BVIC), as part of BTN’s strategy to form its own sharia business unit.

Shares of PT Pantai Indah Kapuk Dua Tbk (PANI) ended lower by 9.03% to Rp14,100 on Tuesday (Jan 21) as more data came out linking the mysterious fence in the Tangerang coastal area with the company’s Tropical Coastland, which carries the status as National Strategic Project (PSN) by Jokowi administration.

Hours into trading, stock markets in the region gave up early gains as investors cautiously responded Trump’s policy directions. Composite index of Indonesia Stock Exchange (IDX) edged up 0.33% only in the morning session, while Nikkei 225 briefly returned to negative territory. 

The aquaculture startup eFishery has been hit by allegations of fraud. It all began to surface when major investor(s) suspected financial irregularities and hired a global firm to conduct a forensic audit on the company. eFishery was curiously silent at the time, but it soon removed CEO Gibran Huzaifah and CFO Chrisna Aditya from office following the investigation on this case. Interim CEO and CFO were then appointed to take over the vacant positions.

Stock markets in the region opened mostly higher grounds to respond inauguration of Donald Trump as the 47th president of the United States of America. All Ordinaries advanced 1.2% in Sydney (Australia), while Nikkei 225 gained 0.7% in the opening hour of trading Tuesday (Jan 21). South Korea’s KOSPI Index also opened higher by 0.5%. 

Shares of Triputra Agro Persada (TAPG), a palm oil producer controlled by Triputra Group (TP Rachmat’s family), ended substantially lower by 3.1% to Rp785 last Friday (Jan 17). Triputra, one of the most profitable plantation companies listed on the Indonesia Stock Exchange (IDX), is now traded way below market average.

Investors have been presented with some positive news in the past few days, which might eventually give them the January Effect. Israel-Hamas ceasefire started, housing starts and permits grew stronger in the US, Japan’s machinery orders hit a 9-month high, China reported stronger GDP growth in the fourth quarter, and IMF revised upward the global growth. 

Shares of Matahari Department Store (LPPF), a fashion retailer linked to Lippo Group, ended slightly lower by 1% to Rp1,510 on Friday (Jan 17). The stock collapsed 93% from its peak in mid 2016.