United Tractors data & the economy
Shares of United Tractors (UNTR) dropped 1.7% Tuesday (Jun 30) on broad market sentiment and negative responses from some investors on the company’s operational data for the first five months of the year.
Taxing Security: When Justice Gives Way to Revenue
Every tax system ultimately rests on one principle: fairness. Citizens may accept paying taxes—even high ones—if they believe the burden is distributed justly. This is why the renewed debate over taxing Indonesia’s Old-Age Security (JHT) withdrawals deserves to be framed not merely as a technical tax issue, but as a question of justice.
Exporting Talent, Importing Platforms
The latest partnership between the Ministry of Creative Economy (EKRAF) and Coda has been widely celebrated as a breakthrough for local game developers. By connecting Indonesian studios to Coda’s global payment and distribution network, the government hopes to help homegrown games reach international audiences more quickly.
Another agency is not the answer
Indonesia has become remarkably adept at creating new institutions whenever governance problems emerge. When coordination falters, the instinct is to establish a coordinating body. When regulations overlap, the answer is often another agency. The proposal to establish the National Industrial Estate Agency (BKIN) under the ongoing Industrial Estate Bill is the latest example of this bureaucratic reflex.
Risk mitigation coming too late
The Ministry of Defense has further revised the training program for prospective KDMP/KNMP managers. Thirty-two pregnant participants have now been sent home and will be allowed to join a subsequent batch. More significantly, the program itself has reportedly been redefined from “Latsarmil” (basic military training) to “Pembekalan Bela Negara dan Manajerial”, with less emphasis on physical drills and the removal of live-fire shooting practice.
More coffee outlets
PT Erajaya Swasembada (ERAA) is set to open Oriental Kopi in Indonesia, through its subsidiary PT Era Boga Nusantara. ERAA, the largest distributor of cellular phones in the country, is now worth Rp5.7 trillion, only slightly above Fore Kopi Indonesia (Rp5.4 trillion), which operates Fore coffee chain.
Danantara and Lippo: No free lunch
Danantara has officially kicked off development of public housing project over 30 hectares of land ‘granted’ by Lippo Group in the controversial township project Meikarta, Cikarang, Bekasi, West Java province.
Merdeka Battery: Strong Q1, but…
Shares of nickel producer PT Merdeka Battery Materials Tbk (MBMA) ended lower by 0.4% to Rp494 on Monday (Jun 29) despite strong performance in the first quarter. Correction of nickel price in international market weighed on related stocks.
Trust deficit
Composite index of IDX (IHSG/JCI) ended lower by 1.28% Monday (Jun 29) on thin trading and continued net sell by foreign investors. A coordination meeting between the government’s economic team, the House of Representatives (DPR), and Bank Indonesia failed to impress the market.
Gaurav Srivastava, Hashim & Prabowo (2)
Big names are mentioned in the lawsuit filed by Niels Troost, former business partner of Gaurav Srivastava, including Bank Indonesia, Bank Mandiri, and Bank Bukopin (now KB) related to financial transactions between companies linked to Troost-Srivastava with Arsari Group, a company controlled by Hashim Djojohadikusumo (younger brother of President Prabowo Subianto).