Telkom (TLKM), the largest player in telco industry, booked net profit of Rp15.8 trillion in Jan-Sep 2025, dropped 10.7% from the corresponding period last year due to falling sales revenues and squeezed profit margins.

State-owned telco operator PT Telkom Tbk (TLKM) reduced 2.5% its workforce in the first nine months of 2025 as the company struggled with lower sales revenues and squeezed profit margins. 

Gold was traded at US$3,948 per troy ounce this morning after the Fed chairman Power signalling no further rate cut this year. That means the precious metal has lost 3.7% from last week. That price, however, is enough to save tycoon Peter Sondakh (Rajawali Corpora), who has been under pressure for many years related to dispute with Malaysian Felda in plantation sector.

State bank BRI (BBRI) booked net profit of Rp40.8 trillion in Jan-Sep 2025, down 9.5% from the corresponding period last year even when its net interest income (NII) expanded by 2.9% in the period. What went wrong?

Digital bank Jago (ARTO) booked net profit of Rp199 billion in the first nine months of 2025, skyrocketed 131% from the corresponding period last year, significantly better than most conventional banks, on more aggressive lending growth. Sustainability?

Shares of Catur Sentosa Adiprana (CSAP), one of the largest distributors of building materials, ended higher by 2.5% to Rp332 on Wednesday (Oct 29) as investors responded positively the company’s improved bottom line in third quarter.

Matahari Department Stores (LPPF), one of the largest retailers in the country, cut 7.7% of its workforce in the first nine months of the year even when it closed down only one outlet in the period. 

Shares of Indosat (ISAT), second largest telco player behind Telkom, declined 1.3% this afternoon as investors responded the company’s financial results for the first nine months of the year. The company reported 7.5% decline in net profit despite improvements in third quarter.

President Prabowo Subianto’s administration is preparing to issue a long-awaited Presidential Regulation (Perpres) on online transportation by the end of 2025 — a policy that will redefine Indonesia’s gig-economy landscape.
The regulation is expected to govern tariffs, order distribution, and — most controversially — the employment status of millions of ride-hailing drivers.

Substantial drop in sales revenues, both domestic and export market, and profitability forced one manufacturer in West Java province to dismiss 221 workers or 14.7% of its total workforce in the first nine months of the year.