Public transport, not private mergers

The country again finds itself captivated by the corporate theater surrounding a potential Grab–GoTo merger. Ministers, advisors, and political operatives appear increasingly drawn into the discussions, as if the fate of Indonesia’s mobility ecosystem depends on which private platform absorbs the other.

Indonesia’s indie game studios deserve proper valuation, not just visibility

Indonesia’s gaming industry has expanded rapidly in the past decade, yet its most promising developers remain trapped in a paradox: they are celebrated for creativity, but rarely valued properly as businesses. The recent spotlight on Strayflux, a Bandung-based indie studio behind As I Began to Dream, illustrates this structural imbalance.

Outside Java Railway Projects

An unknown company PT Solar (or Solra) Energi Terbarukan has reportedly acquired 47.81% shares in PT Celebes Railway Indonesia (CRI), developer and operator of the Makassar-Pare Pare railway project in South Sulawesi, from state EPC firm PT Pembangunan Perumahan Tbk (PTPP) for Rp282.1 billion.

Varsha Water & PP Infra

So, state-owned EPC firm PT Pembangunan Perumahan Tbk (PTPP), which is slated to merge with fellow state EPC firm PT Adhi Karya (ADHI) Tbk, is seeking approval from shareholders for divestment of majority shares in subsidiary PT PP Infrastructure (PP Infra) for Rp1.4 trillion to PT Varsha Zamindo Lestari (Varsha Water).

Downfall of Intiland & IKN Nusantara 

August 12, 2024, then President Jokowi kicked off development of three property projects initiated by Intiland Development (DILD), controlled by the late Hendro Santoso Gondokusumo’s family, in the capital city Nusantara (IKN Nusantara). More than one year later, the IKN Nusantara Authority granted Intiland the status of Initiator of a project to develop 109 luxury homes.

What you see is not what you get

One state EPC firm listed on the Indonesia Stock Exchange (IDX) reported net profit of Rp5.56 billion in the first nine months of 2025, collapsed 98% from the corresponding period last year. How do you know the financial report is true?

When the music finally finds justice

For decades, Indonesia’s music industry has been haunted by one fundamental confusion: who should pay royalties for live performances? Singers and songwriters have often been pitted against each other, while event organizers—the actual commercial beneficiaries—escaped scrutiny.

Purbaya on Excise Goods

The Ministry of Finance is currently reviewing plans to impose excise taxes on diapers, wet tissues, disposable tableware and even snacks. All of which are convenience goods that use non-biodegradable materials, so the plans might reduce environmental harm. On the other hand, it might lower household purchasing power and, by extension, national economic growth.

The Grab-Gojek hullabaloo & Beyond

Extraordinary meeting of shareholders (RUPSLB) scheduled December 17, 2025 might seal Patrik Walujo’s dismissal as CEO of GOTO Gojek Tokopedia. Agenda for the RUPSLB, convened at the request of some shareholders, will be announced November 25.

The curious case of Surya Darmadi

Surya Darmadi, founder of Darmex/Duta Palma, one of the largest plantation groups in the country, has on October 2nd, 2025 written a letter to sovereign wealth fund Danantara, where he offered to grant Rp10 trillion worth of assets in West Kalimantan. 

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