Weaker Q4 for BCA
Pretty much in contrast to the government’s claim of substantially stronger economy in the fourth quarter of 2025, Bank Central Asia (BBCA), the largest bank in private sector, reporter weaker growth in the quarter.
Hostile takeover continues
Prasetyo Hadi, minister of State Secretary, told detikfinance.com on Monday (Jan 26) that land and economic activities of 28 companies, whose permit have recently been revoked by President Prabowo Subianto, will be managed by Danantara, a state agency controlling state companies.
Whip Pink: New Business Trend
There has recently been a surge in online discussion about Whip Pink, a nitrous oxide product, following the death of an internet celebrity. While nitrous oxide is legal due to its legitimate culinary and medical uses, its recreational consumption is an open secret. The issue is that Indonesia has yet to set clear rules on the non-medical use of nitrous oxide, possibly creating a space for regulatory arbitrage to flourish. Whip Pink may not just be a viral product–it could mark the beginning of a new, unsupervised business trend enabled by government inaction.
Singgih Januratmoko’s AYAM & Prabowo’s MBG
Small poultry player PT Janu Putra Sejahtera Tbk (AYAM) recorded losses of Rp16.7 billion in Jan-Sep 2025 against profit of Rp7.03 billion in the corresponding period of 2024 on squeezed margins. Janu Putra is controlled by Singgih Januratmoko, a lawmaker from Golkar Party, member of the ruling coalition of Prabowo.
Courting cloud giants while policing them at home
At the World Economic Forum in Davos, Coordinating Economic Affairs Minister Airlangga Hartarto spoke optimistically about potential investments from global technology firms, including Cloudflare, in data centers and cybersecurity.
Auctioning spectrum is easy; making 5G usable nationwide is the hard part
Govt is preparing to auction radio spectrum—this time in the coveted 700 MHz and 2.6 GHz bands, with millimeter-wave frequencies hovering on the horizon. For policymakers, spectrum auctions are familiar terrain: publish a regulation, set a reserve price, invite bidders, declare winners. The process is visible, measurable, and fiscally attractive. But history suggests a hard truth: auctioning spectrum is the easy part. Making 5G actually usable nationwide is far harder—and far more political.
The muted coal (2)
Nearly one month on, Indonesia’s plan to significantly cut coal production, and, accordingly, export yet to result in higher average price in international market. Newcastle thermal coal retreated to US$109 per ton, reflecting 6.3% correction year-on-year due to subdued demand and higher output in major importing countries, particularly China and India.
MBG-related investments
Free ‘nutritious’ meal (MBG) is the single largest project from Prabowo administration this year. With estimated spending of Rp335 trillion, everybody wants to get a piece of it. Some food and beverage companies listed on the Indonesia Stock Exchange (IDX), unsurprisingly, have anticipated that.
Davos meetings won’t beat Vietnam unless Indonesia fixes predictability
Minister Airlangga Hartarto met executives from NVIDIA and other global technology firms at the World Economic Forum in Davos, the optics were unmistakably positive. Indonesia was pitching itself as the next big destination for data centers, artificial intelligence infrastructure, and cybersecurity investment. The message was ambitious: Indonesia is open, ready, and serious.
The ugly truth about the Cambodia online scammers
Over the past two weeks, thousands of Indonesians in Cambodia have fled online scam compounds where they were employed. It is always easy to paint these migrant workers as criminals, given the nature of their work. This framing, however, overlooks a deeper issue the government has continuously failed to address: why did they take the job in the first place despite being aware of the risks involved?