The relaxation window for coal and nickel

Nickel and coal miners are gearing up preparations to best use the window for revision of their work plan and budget (RKAB), which will officially open July 1st. Subject to approval, this will likely drag further down international price of both commodities.

Danantara’s new tasking: Iconic towers

State fund management agency Danantara has been tasked by President Prabowo Subianto to redesign the 13.5 hectares area previously known as Hotel Sultan in Jakarta. Danantara CEO Rosan P Roeslani said on Monday that the strategic area will be managed by InJourney, holding for state hospitality companies.

Prabowo & Sjafrie-Dasco

The arrest of Silmy Karim, former vice minister of immigration, in a corruption case is interpreted by some as part of competition between key influencers close to President Prabowo Subianto, simply because of Silmy’s close relationship with Sjafrie Sjamsoeddin, defence minister and one of trusted aides of Prabowo. Really?

AI for free meals?

An intriguing detail has emerged from a draft presidential regulation currently awaiting President Prabowo Subianto’s approval. Several provisions reportedly outline the use of AI in the government’s flagship Free Nutritious Meals (MBG) program, signaling that the administration sees the initiative not only as a social welfare project but also as a showcase for Indonesia’s AI ambitions.

Claude Tag: The end of the chatbot era?

This week, Anthropic introduced Claude Tag, a new AI system that operates directly inside Slack. Unlike traditional chatbots, Claude Tag functions more like a digital colleague. Team members can assign it tasks by tagging “@Claude” in a channel, and the system can independently plan, execute, and return results while users move on to other work. It can retain context from conversations, access approved tools and databases, and even continue working asynchronously over hours or days.

Rupiah & the flight to quality

Bank Indonesia data pointed to 10.8% year-on-year growth of third party funds in the banking system last month, wherein funds in foreign currencies jumped 17.8%, way above rupiah (+9.6%). Why?

Thin trading, net sell

Composite index of IDX (IHSG/JCI) dropped 3.56% Wednesday (Jun 24) following MSCI’s persistent threat of downgrading status of Indonesian stock market from emerging to frontier and further correction of rupiah.

Oil & Gas Journal: Pertamina’s BOD Bonus

Shareholder/Danantara opted to maintain the current board of state oil and gas company Pertamina. Tuesday’s shareholder meeting only replaced Heru Pambudi, former secretary general of ministry of finance, with Robert Leonard Marbun (new) as commissioner.

Those continue to expand: Nickel Industries

Shares of Nickel Industries Ltd, which operates mines, RKEF, and HPAL nickel smelters in Indonesia, advanced 0.75% to A$0.94 on the Australia Stock Exchange (ASX) this morning as investors responded positively the company’s framework agreement for a long-term nickel ore mining and HPAL processing.

Miiltary training for KDMP and KNMP managers

The Red-White Village Cooperative (KDMP) and the Red-White Fishermen’s Village (KNMP) are being promoted as instruments to strengthen economic independence in rural communities. Curiously, their managers are also required to undergo basic military training in addition to managerial training. It makes one wonder. What is the government trying to produce? Capable managers, or program implementers trained to obey orders?

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