Who has denied — and who has not? MBG corruption scandal
Former National Nutrition Agency (BGN) deputy chief Sony Sonjaya has applied for justice collaborator status and reportedly provided investigators with more than 20 names—eventually growing to 26 names—from executive, legislative, and judicial circles whom he claims are connected to the case. Sony’s lawyer says the list is only a partial disclosure and that additional names may emerge in future examinations.
Disruptions from Koperasi Merah Putih
A friend, senior executive in one of the largest business groups, was in two villages in Central Java this week to study operations of Koperasi Merah Putih (KDMP), the village cooperatives program from Prabowo administration, which is widely criticized for its development and governance.
Bottoming out or a dead cat bounce? (2)
Composite index of IDX (IHSG/JCI) advanced 2.7% Wednesday (Jun 10), while rupiah appreciated to below Rp18,000 per US dollars. Foreign investors, interestingly, continued selling Indonesian equities. Are the stocks and rupiah bottoming out?
MBG’s Discontented Partners
The removal of BGN’s three original leaders has had the effect of a dam breaking. MBG partners have begun speaking out one by one, bringing with them a list of complaints that expose the program’s weaknesses people could only suspect before. Unlike criticism from the...
Trade Minister Regulation No 19/2026 & The digital economy
Newly issued Trade Minister Regulation (Permendag) No. 19/2026 signals a major shift in how the government views the digital economy. What began several years ago as an effort to regulate e-commerce and social commerce has evolved into something much broader: direct intervention in platform pricing, algorithmic rankings, cross-border trade, and even artificial intelligence.
Is Koperasi Merah Putih the next corruption time bomb?
Over the past month, social media platforms have been flooded with allegations questioning the governance of President Prabowo’s signature Koperasi Merah Putih/village cooperatives program (KDMP). The issue escalated after Jakarta’s chapter of the Indonesian Nationalist Student Movement (GMNI) formally submitted a complaint to the Attorney General’s Office alleging potential irregularities worth Rp112 trillion.
The end of the honeymoon?
Only a few months ago, President Prabowo Subianto enjoyed one of the highest approval ratings ever recorded for a newly elected Indonesian leader. Surveys by Indikator Politik and Poltracking consistently placed public satisfaction between 72 and 80 percent.
The Squeezed Middle Class
Pertamina’s decision to raise non-subsidized Pertamax gasoline price by 32% will clearly hurt middle income group, main driver of household consumption, just hours after Bank Indonesia revised up its benchmark rate by 25 basis point.
The 32% spike of Pertamax
Touted as shock absorber for middle class, the state oil and gas company Pertamina finally lifted the price of non-subsidized gasoline Pertamax (RON 92) as much as 32% from Rp12,300 to Rp16,25o per litre effective today (Jun 10). The decision might be expected to ease pressures on the compensation costs eventually charged by Pertamina to the State.
Bottoming out or a dead cat bounce?
Rupiah gained 1.1% Tuesday (Jun 9) because of sudden hike of BI Rate by 25 basis point and depreciation of US dollars against global currencies. Composite index of IDX (IHSG/JCI) also recovered 7.57% even when foreign investors continued ‘sell Indonesia’. Have the stocks and rupiah bottomed out or just a dead cat bounce?