Newcastle thermal coal ended slightly lower by 0.1% to US$104.1 per ton last Friday, representing almost 29% fall year-on-year due to subdued demand, especially in China, the world’s largest importer, and ample of supply in seaborne market. 

Shares of Pradiksi Gunatatama (PGUN), an oil palm plantation firm controlled by the family of Haji Isam, ended lower by 8.46% to Rp16,500 on Friday (Oct 24). With market capitalization of Rp94.7 trillion, PGUN remains one of the most expensive stocks in the market.

Shares of state bank BNI (BBNI) opened higher by 2.65 to Rp4,350 this morning even when the company reported 7.3% fall of net profit to Rp15.1 trillion in Jan-Sep 2025 due to squeezed margins.

Shares of palm oil and wood producer Dharma Satya Nusantara (DSNG) opened lower by 3% to Rp1,835 this morning on profit taking and upon learning financials of the company until September 30, 2025.

The recent public dispute between Finance Minister Purbaya Yudhi Sadewa and Pertamina CEO Simon Aloysius Mantiri, a politician from Gerindra Party, seemed, at first glance, like a rare instance of internal friction within President Prabowo’s administration. Yet, viewed more closely, the episode appears less a spontaneous disagreement than a choreographed display of discipline— a performance meant to signal accountability while consolidating political power within Indonesia’s energy sector.

Unilever Indonesia (UNVR) booked net profit of Rp3.34 trillion in the first nine months of 2025, an increase of 10.8% from the corresponding period last year even when its sales revenues inched up 0.7% only due to weak purchasing power of households.

The recent statement by Finance Minister Purbaya Yudhi Sadewa that the government has identified “big players” behind smuggling and under-invoicing in the textile and steel sectors signals at first glance a step in the right direction. Yet on closer inspection, this move appears more theatrical than structural — and more cautionary than courageous.

Last week, a violent clash erupted on land formerly owned by PT Salim Ivomas Pratama (SIMP) in Rokan Hilir, Riau. The area, reportedly part of land seized by the government’s Task Force for Forest Area Control (Satgas PKH), is now managed under a Joint Operational Cooperation (KSO) scheme by PT Agrinas Palma Nusantara, a state-owned enterprise (SOE) assigned to handle seized assets.

Indonesia’s growing ambition to position itself as a global hub for sports tourism once again clashes with the unresolved question of whether the nation can truly separate politics from sports.

Shares of PT Data Center Indonesia Tbk (DCII), co-owned by Salim Group and Toto Sugiri, ended slightly higher Wednesday (Oct 22) as the company reported softer growth in sales and profitability in the third quarter of 2025.