Under constant threat from digital and social media platforms in their advertisement revenues, conventional media majors in the country have decided to downsize workforce. Thousands of media workers have been pushed out from the job place in the first nine months of the year.

PT Semen Indonesia Tbk (SMGR), PT Indocement Tunggal Prakarsa Tbk (INTP), and PT Cemindo Gemilang Tbk (CMNT), three of the largest cement producers in the country, reduced workforce significantly in the first nine months of the year due to persistent pressure on their margins.

PT Asahimas Flat Glass Tbk (AMFG), one of the largest glass producers for property and automotive industry, and PT Mulia Industrindo Tbk, another major glass producer in the country, reduced their workforce to survive the weaker economy and tighter competitions.

Indonesia’s tower industry—once seen as a stable, utility-like business—is entering a new phase of strategic divergence. PT Tower Bersama Infrastructure (TBIG) Tbk, backed by Saratoga Group of Edwin Soeryadjaya, and PT Sarana Menara Nusantara (TOWR) Tbk, controlled by the Djarum Group of the Hartono family, remain the country’s two dominant independent tower operators. Yet, their latest earnings reveal how scale, diversification, and balance-sheet strategy are quietly redrawing the competitive landscape.

Shares of PT Daya Intiguna Yasa Tbk (MDIY), the operator of retailer MR.DIY, ended higher at Rp1,060 on Thursday (30/10) to make a market capitalization of Rp26.7 trillion, more than three times of the operator of AZKO (previously ACE Hardware), PT Aspirasi Hidup Indonesia (ACES). ACES is recently valued at Rp7.82 trillion. 

President Prabowo Subianto officially formed the MBG Coordination Team through the issuance of Presidential Decree (Keppres) Number 28 of 2025 signed on October 24. The team is led by the Coordinating Minister for Food, Zulkifli Hasan, and is tasked with overseeing the implementation of free nutritious meals (MBG) program, the single largest project under Prabowo’s presidency, throughout Indonesia. This news immediately raised concerns about the potential overlap of authority between the new team and BGN, due to blurry jurisdictional boundaries.

Telkom (TLKM), the largest player in telco industry, booked net profit of Rp15.8 trillion in Jan-Sep 2025, dropped 10.7% from the corresponding period last year due to falling sales revenues and squeezed profit margins.

State-owned telco operator PT Telkom Tbk (TLKM) reduced 2.5% its workforce in the first nine months of 2025 as the company struggled with lower sales revenues and squeezed profit margins. 

Gold was traded at US$3,948 per troy ounce this morning after the Fed chairman Power signalling no further rate cut this year. That means the precious metal has lost 3.7% from last week. That price, however, is enough to save tycoon Peter Sondakh (Rajawali Corpora), who has been under pressure for many years related to dispute with Malaysian Felda in plantation sector.

State bank BRI (BBRI) booked net profit of Rp40.8 trillion in Jan-Sep 2025, down 9.5% from the corresponding period last year even when its net interest income (NII) expanded by 2.9% in the period. What went wrong?