Adhi Karya’s New Toll Concession
When PT Adhi Karya Tbk (ADHI) and its partners inked the Rp 12.35 trillion concession for the Bogor–Serpong via Parung toll road, it was hailed as another milestone in Indonesia’s infrastructure drive. The 32-kilometer link, crossing West Java and Banten, promises to ease congestion, shorten logistics routes, and extend the metropolitan reach of Jakarta. Can the project’s economics truly hold up for forty years?
Prabowo’s Co-Ops
Minister of cooperative affairs Ferry Juliantono, a politician from Gerindra Party, has submitted draft for a presidential instruction (Inpres) to speed up construction of outlets and warehouses of the Red-and-White Village Cooperative (KDMP).
Prajogo & Danantara
Shares of PT Petrindo Jaya Kreasi Tbk (CUAN) advanced 11.93% to Rp2,720 Monday (Oct 13) following disclosure about acquisition of 90% shares in PT Guna Dharma Integra (GDI), which plans to build US$600 MW power plant in East Halmahera, North Maluku province.
Haji Isam’s overcooked stocks
Haji Andi Arsyad Syamsuddin, popular as Haji Isam, will likely become the richest non-Chinese businessman in Indonesia once Forbes issued its new list. By Friday, October 10, 2025, the combined ‘market value’ of three stocks directly linked to Haji Isam was Rp228 trillion or US$13.7 billion.
IPO to Watch: ANEM
Nickel firm, PT Anugrah Neo Energy Materials (ANEM), is reportedly preparing an initial public offering (IPO) with an estimated value of more than Rp5 trillion despite persistent margin pressures on nickel processing firms.
The Political reckoning behind Indonesia’s High-Speed Rail debt
When Purbaya Yudhi Sadewa openly rejected the use of state funds (APBN) to cover the debt of the Jakarta–Bandung high-speed rail project, it was more than a fiscal statement — it was a political marker. His stance exposes the growing tension between the technocratic discipline of fiscal management and the lingering shadow of Jokowi’s state-driven legacy.
Coal to chemical: Will Beiken be different?
Countless of companies have announced plans to develop coal-to-chemical plants in Indonesia. None is materialized. The latest plan came from China’s Beiken Energy Group Co Ltd, which was announced after a meeting with Agus Gumiwang Kartasasmita, minister of industry affairs.
Dony supervises Oskaria
Dony Oskaria has been installed head of the BP BUMN, regulatory agency for state-owned enterprises (SOEs), which replaces ministry of SOEs, last week. Dony, however, is maintained as chief operating officer (COO) of sovereign wealth fund Danantara.
Hydroponic corn from the Police?
Corn is known a miracle crop due to its wide adaptability under varied agro-climatic conditions. Indonesia has long tried to achieve self-sufficiency for the ‘queen of cereals’, but still feeling insecure. Since early this year, the National Police has partnered with ministry of agriculture to boost domestic production of corn. How?
Economic challenges
The economy is yet to recover. That’s the conclusion from the reading of Indonesia’s consumer confidence index (CCI), which dropped to 115 last month, down from 117.2 in August. It is inline with downfall of the economic condition index (IKE), which declined to 102.7 in September from 105.1 in the previous month.