The Muara Enim case
The Corruption Eradication Commission’s (KPK) raid on the South Sumatra office of the Audit Board (BPK) on June 23, 2026, marked a new turn in the case involving Muara Enim Regent Edison. What began as a corruption case tied to the procurement of goods and services...
Latest on Kresna Life case
The legal battle surrounding Kresna Life has now entered a new phase. While the Supreme Court’s administrative ruling strengthened OJK’s authority to revoke the company’s business license, criminal law enforcement has finally begun to catch up with those believed to be responsible for one of Indonesia’s largest insurance failures.
Intiland: What’s up?
Shares of property developer Intiland Development (DILD) ended lower to Rp113 Thursday (Jun 25) to make a market capitalization of Rp1.17 trillion, not even half of its equity (Rp6.77 trillion). It is not alone, of course. Bumi Serpong Damai (BSDE) is now worth Rp12.1 trillion, also nothing compared to its equity (Rp52.7 trillion).
Going downhill
Shrinking civil space, growing militarization, worsening graft, governance issues in flagship programs (free meal, village cooperatives, food estate, People’s School), fiscal discipline (including expansion of Danantara’s blurred mandates), legal and policy uncertainties (centralization of export of resources, forex earnings, abrupt revocation of permits without due process) are all contributing to worsening perception on Indonesia.
The relaxation window for coal and nickel
Nickel and coal miners are gearing up preparations to best use the window for revision of their work plan and budget (RKAB), which will officially open July 1st. Subject to approval, this will likely drag further down international price of both commodities.
Danantara’s new tasking: Iconic towers
State fund management agency Danantara has been tasked by President Prabowo Subianto to redesign the 13.5 hectares area previously known as Hotel Sultan in Jakarta. Danantara CEO Rosan P Roeslani said on Monday that the strategic area will be managed by InJourney, holding for state hospitality companies.
Prabowo & Sjafrie-Dasco
The arrest of Silmy Karim, former vice minister of immigration, in a corruption case is interpreted by some as part of competition between key influencers close to President Prabowo Subianto, simply because of Silmy’s close relationship with Sjafrie Sjamsoeddin, defence minister and one of trusted aides of Prabowo. Really?
AI for free meals?
An intriguing detail has emerged from a draft presidential regulation currently awaiting President Prabowo Subianto’s approval. Several provisions reportedly outline the use of AI in the government’s flagship Free Nutritious Meals (MBG) program, signaling that the administration sees the initiative not only as a social welfare project but also as a showcase for Indonesia’s AI ambitions.
Claude Tag: The end of the chatbot era?
This week, Anthropic introduced Claude Tag, a new AI system that operates directly inside Slack. Unlike traditional chatbots, Claude Tag functions more like a digital colleague. Team members can assign it tasks by tagging “@Claude” in a channel, and the system can independently plan, execute, and return results while users move on to other work. It can retain context from conversations, access approved tools and databases, and even continue working asynchronously over hours or days.
Rupiah & the flight to quality
Bank Indonesia data pointed to 10.8% year-on-year growth of third party funds in the banking system last month, wherein funds in foreign currencies jumped 17.8%, way above rupiah (+9.6%). Why?