Shares of mining contractor PT Petrosea Tbk (PTRO), controlled by Prajogo Pangestu, ended substantially higher by 9.1% on Wednesday (Oct 22) to make a market capitalization of Rp75.7 trillion, significantly bigger than profitable coal miner Adaro Andalan (Rp61.9 trillion).

Satgas PKH (a task force for forest area enforcement) led by Lt General (ret) Sjafrie Sjamsoeddin, who is minister of defence, has been more aggressive in going after nickel mining operations in some provinces recently.

A delegation from the Ministry of Transmigration, including Minister Iftitah Suryanagara, a politician from Democrat Party, recently conducted a five-day working visit to China with the intention of learning about industrialization based on community empowerment. Beyond that, however, the minister was also tasked by Prabowo Subianto to meet with potential investors, making the visit itself a curious case.

Mohamad Ikhsan, professor of economics at University of Indonesia, told a seminar organized by Katadata on Tuesday (Oct 21) that a survey on 64 economists conducted by LPEM-UI (economic research arm of the university) found vast majority see the Red-and-White Village Cooperatives (KDMP) an ineffective initiative.

Finance Minister Purbaya Yudhi Sadewa announced that the government would change the compensation payment scheme for PLN and Pertamina—from quarterly disbursements to monthly payments of 70 percent—it sounded like a simple technical reform. In reality, it reflects a deeper political and fiscal shift within Prabowo-Gibran’s new administration: faster liquidity for state-owned enterprises, and stronger central control over public spending.

President Prabowo Subianto’s recent meeting with two major ride-hailing companies marked more than a courtesy call — it was the opening act of Indonesia’s next big policy contest: who controls the digital economy — the state, the corporations, or the workers?

PT Pembangunan Jaya Ancol Tbk (PJAA), operator of the largest recreation park in Indonesia, booked net profit of Rp58.6 billion in the first nine months of 2025, collapsed 41.7% from the corresponding period last year, mainly due to weak performance in the first half of the year.

Bank Central Asia (BBCA), the largest bank in the private sector, recorded net profit of Rp43.4 trillion in the first nine months of 2025, an increase of 5.7% from the corresponding period last year. It is positive for the bank, but raises question about wealth distribution and funding cost in the country.

143 students in Kairatu Subdistrict, Maluku are hospitalized after consuming free meals on Monday (20/10). It adds to the number of food poisoning victims, which has reached up to 13,168 as of October 19, 2025 based on the data from JPPI, a coalition of civil society organizations advocating for quality education. To some people, the increasing number is terrifying. But to the president, Prabowo Subianto, it is a tolerable error.

When Finance Minister Purbaya Yudhi Sadewa accused local governments of hoarding Rp 233 trillion in banks, his statement ignited a political firestorm. The accusation was simple yet explosive: regions are sitting on piles of idle cash while public projects stall and the economy slows.