Bracing for more pressures
Composite index of Indonesia Stock Exchange/IDX (IHSG) dropped 1.9% Thursday (Mar 26), dragged down by correction in a lot of inflated stocks and global uncertainties. Dow Jones Industrial Average (DJIA), meanwhile, ended lower by 1% Thursday as Brent crude oil rallied 4.5% to US$107 per barrel.
Termination of K-Water’s Contract
Ministry of public works has on March 11, 2026 sent a letter for termination of cooperation agreement with PT Karian Water Services (KWS), a joint venture between South Korea’s K-Water and state-owned EPC firm Adhi Karya (ADHI), regarding the Karian-Serpong regional drinking water supply system (WSS) project.
Everybody falls, except Dato Tahir
Two months have gone since MSCI shocked Indonesian stock market. Most inflated stocks have fallen. Some lost more than 70%. Mayapada Hospital (SRAJ) and Maha Properti (MPRO), two companies controlled by Dato Tahir, however, lost only 8.9% and 18.5% in the period.
Amman Mineral’s missed opportunity
Amman Mineral International (AMMN), the second largest gold and copper producer in the country, missed the opportunity to report a record net profit last year. While others reported strong financial performance from higher price of gold and copper, AMMN suffered 61% fall in net profit instead.
Prabowo wants more from minerals
Mining companies should brace for some policy changes going forward because President Prabowo Subianto has ordered energy & mineral resources minister Bahlil Lahadalia to get fairer shares from the country’s mineral resources.
The $2 billion question: where did Fortnite users go?
The layoffs at Epic Games—more than 1,000 employees cut as Fortnite continues to lose momentum—are not just another chapter in the tech industry’s long list of restructurings. They signal something deeper: a redistribution of attention, time and money in the global gaming economy.
Built fast, or built right?
Sekolah Rakyat program is being sold as a bold intervention to break the cycle of poverty through education. With a target of more than 100 new schools in its second phase alone—promised to be completed by June 2026—the initiative signals urgency, ambition, and political commitment. But behind the narrative of acceleration lies a more uncomfortable question: is the government building these schools fast, or building them right?
Indonesia plays, others profit
When Savvy Games Group acquired Moonton from ByteDance for roughly US$6 billion, it did more than transfer ownership of one of the world’s most popular mobile games. It marked a deeper shift in who controls the digital ecosystems that millions of Indonesians inhabit every day — and highlighted the rise of a new, unlikely superpower in gaming: Saudi Arabia.
The fall of RISE
Shares of PT Jaya Sukses Makmur Sentosa Tbk (RISE), a property developer, ended lower by 2.91% to Rp2,000 on Wednesday (Mar 25). That means the stock has fallen 80% from its peak in late November 2025. That’s not enough though.
Hashim’s WIFI so far
Shares of PT Solusi Sinergi Digital Tbk (WIFI), an ICT infrastructure company, ended substantially higher by 10% to Rp2,200 on Wednesday (Mar 25) as investors responded positively the company’s strong financial performance last year.