President Prabowo Subianto met Garuda Indonesia CEO Glenny Kairupan and Embraer Commercial Aviation CEO Arjan Meijer at the State Palace on Monday (Feb 2). Pindad CEO Sigit Puji Santoso was also in the meeting.

Shares of MD Entertainment (FILM), constituent of MSCI Indonesia Small Cap Index, dropped 15% to Rp12,325 this morning. The stock needs to fall further by more than 90% to make it ‘investable’.

January in Indonesia has been marked by a series of devastating disasters. As emergency responses continue for hydrometeorological events in Aceh and West Sumatra, floods have inundated parts of Jakarta and Bekasi, while landslides have struck Cisarua. Extreme weather and geological vulnerability are always cited as the primary causes, and again it raises a question: why do people continue to live in places known to be highly prone to disasters?

Composite index of Indonesia Stock Exchange (IDX) dropped as much as 5% this morning, dragged down by inflated stocks linked to some conglomerates and correction in shares related to gold and nickel. 

The Nusantara-5 satellite has successfully reached geostationary orbit and is slated to be fully operational by April 2026. For policymakers, this is framed as a technological triumph and a reaffirmation of digital sovereignty. Yet beyond the fanfare, Nusantara-5 raises a harder question: is Indonesia building strategic infrastructure with a clear policy purpose, or merely launching expensive assets into an increasingly crowded market?

BYD Co Ltd, the world’s largest EV manufacturer by volume, reported 30.1% fall in sales of new energy vehicle (NEV) in January 2026 due to subsidy cut in China, the world’s largest EV market. The battery EV sales dropped deeper by 33.6%.

Gold declined further by 3.3% in Asian trading this morning, while silver and copper down 6% and 2.3% each. Last Friday, gold lost 9%, while silver collapsed 27% on profit taking by some investors. Copper also lost 4.5% over the weekend while nickel collapsed 5.2% to US$17,555 per ton. 

President Prabowo Subianto has reportedly ordered cabinet member and relevant authorities (including OJK and IDX) to clean up the stock market from manipulated stocks. Even if it would drag down composite index of Indonesia Stock Exchange (IHSG)?

Pretty much as predicted, following the ‘resignation’ of IDX CEO Iman Rachman earlier on Friday (Jan 30), chief commissioner of the Financial Services Authority (OJK) Mahendra Siregar and OJK commissioner supervising stock market Inarno Djajadi have tendered their respective resignation Friday afternoon.

Bank OCBC-NISP booked net profit of Rp5.06 trillion last year, an increase of 3.9% from 2024 despite 0.9% decline in net interest income (NII). Series of efficiency measures seemed to have helped the bank in growing operating profit by 12.2% last year.