MBG’s Dilemma
After more than a year, the Free Nutritious Meal program (MBG) has now become a battleground. Students are protesting against it, SPPG partners are demanding its continuation, and BGN officials have begun pointing fingers amid an alleged corruption case. Each side has something at stake, and no matter how the program unfolds, someone will still be left paying the price.
IPO to Watch: Proline
PT Prodia Diagnostic Line Tbk (PRDL), member of Prodia Group, is offering 522.9 million shares to public investors or 30% of enlarged paid-up capital to finance expansion programs and debt payments. This is a small IPO, targeting up to Rp62.75 billion of proceeds, but a litmus test in the volatile stock market.
Here comes E5, higher import of sugar
Brazilian ethanol producer Inpasa Brasil and several other ethanol companies from Brazil have agreed to enter Indonesia and invest in the country’s ethanol industry, according to Todotua Pasaribu, Deputy Minister of Investment and Downstream Industries.
Last minutes manoeuvre, foreign net sell
Composite index of IDX (IHSG/JCI) ended slightly higher by 0.08% Friday (Jun 19) thanks to last minute surge of some inflated stocks in a trading day marked with huge net sell of Indonesian equities by foreign investors.
House Renovations for People’s School Students
When people hear about People’s Schools, housing renovations are probably not the first thing that comes to mind. Public discussions have largely centered on classrooms, dormitories, teachers, and the program’s potential impact on educational access. Yet the government is now planning to renovate 10,000 houses belonging to parents of People’s School students through the Housing Stimulus Assistance Program (BSPS), a joint initiative between the Ministry of Social Affairs and the Ministry of Housing and Settlements.
Perpres AI is not enough
Indonesia is finally moving toward regulating artificial intelligence. Yet the government’s latest preference for a presidential regulation (Perpres) over a dedicated law raises a larger question: Is the country preparing for the AI era, or merely trying to keep pace with it?
The fall of Hotel Sultan
The dramatic scenes at Hotel Sultan (formerly Hilton Hotel) on June 18 were about far more than a dispute over land rights. They represented one of the most significant tests of state authority over strategic assets in post-Reformasi Indonesia.
Amran’s manoeuvre on palm oil
Minister of agriculture Andi Amran Sulaiman informed President Prabowo on Thursday (Jun 18) about his decision to file a police report against 274 palm oil producers, accusing them of manipulating the price of fresh fruit bunches (FFBs) produced by smallholders.
MSCI’s Verdict
MSCI has maintained Indonesia’s emerging market status alongside South Korea in its latest Global Market Accessibility Review but highlighted concerns about information flow and ease of capital inflows/outflows.
More fiscal pressures for 2027 (2)
The State Capital Nusantara (IKN) authority demands additional budget of Rp15.5 trillion next year, more than twice the indicative budget set by ministry of finance. Like other ministries, IKN Authority pointed to President Prabowo Subianto’s commitment to splash Rp48.8 trillion till 2029 to develop the new capital city.