Illegal settlements and urban planning issues
Illegal settlements around public facilities have long been a challenge in Indonesia, particularly in dense urban centers like Jakarta. Evictions have become necessary measures to improve public safety and urban planning. But what happens when they are carried out...
Talking compliance, delaying control
Child-protection regulation for digital platforms—popularly known as PP Tunas—came into force this week, it was framed as a long-overdue intervention. Children under 16 should not be freely exposed to high-risk online environments; platforms must verify age, enable parental controls and redesign features that amplify harm. Few would dispute the intent. The friction begins with execution—and with power.
Fresh pressure on Samin Tan and the coking coal asset
Satgas PKH has imposed administrative fines of Rp4.2 trillion against PT Asmin Koalindo Tuhup, a coking coal producer controlled by Samin Tan (Borneo Lumbung Energi/BORN). Samin himself has been named corruption suspect by the Attorney General’s Office (AGO) for the alleged illegal mining operations for nine years.
Long-list of P2P lending platforms fined by KPPU
Business Competition Supervisory Commission (KPPU) has recently fined 97 peer-to-peer (P2P) lending platforms due to operating the alleged interest rate cartel practices. The lenders violated Article 5 of Law No. 5 of 1999 by coordinating interest rates far above market equilibrium, effectively stifling price competition. Consequently, the commission imposed collective fines totaling Rp755 billion, with 52 firms receiving the minimum penalty of Rp1 billion each. The verdict was read out at the Commission’s Panel hearing last week.
The worst yet to come?
Brent crude oil advanced 4.22% to US$112.6 per barrel last Friday on persistent market skepticism on deescalation of conflicts in the Middle East. Media reports over the weekend suggested intensified escalation of the conflict, especially following news about Houthi joining the attacks.
Mayapada Hospital = 10 x Hermina?
Other junk stocks listed on Indonesia Stock Exchange (IDX) have fallen significantly after MSCI’s shocking announcement in late January, some by more than 70%. Mayapada Hospital (SRAJ), however, has retreated slightly. The last quoted price (Rp15,025) translated into market capitalization of Rp184 trillion or nearly ten times of Hermina Hospital (HEAL).
Indonesia’s Acquisition of Giuseppe Garibaldi
The Italian Senate has recently given the green light for Indonesia’s acquisition of the retired carrier Giuseppe Garibaldi. Classified as a grant, the Indonesian government has framed the move as a cost-effective way to support the national armed forces’ military operations other than war (OMSP). However, the long-term maintenance costs may be far less economical than initially anticipated.
Revoked, then restored: Is Indonesia serious about mining reform?
PT Agincourt Resources, subsidiary of IDX-listed United Tractors (UNTR, member of Astra Group), was allowed to resume operations at the Martabe gold mine, the government framed it as a pragmatic decision—one that balanced enforcement with economic reality. What does this reversal say about the credibility of mining reform agenda?
Fighting economic crime, or centralizing power?
The latest draft regulation on economic crimes, reportedly being prepared in the form of a government regulation in lieu of law (Perppu), arrives with a familiar justification: the need for speed, strength and coordination in tackling increasingly complex financial offenses. In a country long plagued by corruption, illicit financial flows and regulatory fragmentation, the argument may sound compelling. But beneath the urgency lies a far more consequential question—whether this policy is truly about strengthening law enforcement, or quietly concentrating power.
Termination of K-Water’s Contract (2)
President Prabowo Subianto is scheduled for an official visit to Seoul, South Korea next week (March 31-April 2nd) to strengthen bilateral relations. Yonhap news agency reported that Prabowo and his counterpart Lee Jae Myung will discuss trade, investment, defence, infrastructure, energy transition, and artificial intelligence (AI).