Junk Rally: Moratelindo = 10 x TOWR
Shares of telco infrastructure company PT Mora Telematika Indonesia Tbk (MORA), whose CEO was implicated in a corruption scandal, declined slightly by 1% to Rp13,400 this morning, but its almost 3,000% gain since early October 2025 contributed to new record of the composite index (IHSG).
Nickel production cut dilemma (2)
Canadian government’s decision to accelerate development of the US$5 billion Crawford Project in Ontario, which is one of the world’s largest nickel reserves, might be among responses taken by other countries to Indonesia’s plan to substantially cut production.
Regulating Ride-Hailing: Protection or a Quiet Tax on Innovation?
The leaked draft of a presidential regulation (Perpres) on ride-hailing platforms has reignited a long-simmering debate in Indonesia’s digital economy: how far should the state go in protecting gig workers without suffocating the very platforms that created those jobs?
When ethical finance turns deceptive
The collapse of Dana Syariah Indonesia can no longer be framed as a routine fintech failure or a temporary liquidity shock. The latest findings pointing to fictitious projects, fabricated borrowers, and a payment structure resembling a Ponzi scheme mark a far more troubling development. What is unfolding is not merely poor management, but an alleged deception carried out under the banner of ethical finance.
Nickel production cut dilemma (1)
Nickel closed substantially lower by 5.34% to US$17,578 per ton in the London Metal Exchange (LME) last Friday (Jan 16) on uncertainties surrounding Indonesian government’s plan to significantly cut nickel ore production.
Administrative fines & lack of public disclosures
National media quoted Barita Simanjuntak, spokesperson of the Forest Area Enforcement Task Force (Satgas PKH), on Wednesday (Jan 14) that it has collected Rp7.07 trillion of administrative fines from 48 companies.
Legalizing Illegality on Cigarette Policy
The Finance Ministry’s plan to introduce a new, lower layer of cigarette excise—widely framed as a way to “draw illegal cigarettes into the system”—may look pragmatic on paper. But in practice, the proposal risks sending a far more troubling signal: that violating the law is not a liability, but a negotiable business strategy.
When growth collides with credibility at Humpuss Maritim
PT Humpuss Maritim Internasional Tbk (HUMI), controlled by Tommy Soeharto (former brother-in-law of President Prabowo Subianto), appears, at first glance, to be doing many things right. Revenue is growing, profits remain intact, assets are expanding, and the company has secured its place in Indonesia’s energy logistics chain—a sector insulated by long-term contracts and state-linked demand.
When Meta Walks Away from the Metaverse
When Meta Platforms announced layoffs of more than 1,000 employees in its Reality Labs division, the move was framed as routine cost-cutting. In reality, it marked something far more consequential: a strategic retreat from the metaverse as a central growth narrative. Instead, Meta is pivoting its capital and talent toward portable, AI-powered devices with faster commercial payoffs. For Indonesia, this shift carries lessons that policymakers, startups and investors can no longer afford to ignore.
Prabowo’s State Capitalism: Soybean Meal Import
After cutting down beef import quota for private companies, Prabowo administration ended the rights of private companies to import soybean meal, the main raw material for feed mill and integrated poultry player starting January 1st, 2026.