Shares of coal miner PT Bumi Resources Tbk (BUMI) ended lower by 1.39% on Wednesday (Oct 8) when the company announced acquisition of a 99.68% stake in the Australian gold and copper mining firm, Wolfram Limited. Gold and copper subsidiary Bumi Resources Minerals (BRMS), meanwhile, advanced 3.24% that day.

The National Food Agency (Bapanas) recently reported its findings that 1.45 million tons of rice have been stored for more than 6 months in the Perum BULOG warehouse; 29,990 of which experienced a decline in quality. At the same time, there has also been a decline of public interest in purchasing SPHP rice, possibly triggered by the TNI-Polri’s Cheap Food Movement (GPM) program.

Few months ago, Major General Yusman Madayun, commander of Satgas Garuda (under Satgas PKH), led the seizure of 12,069 hectares of oil palm plantation area of PT Globalindo Alam Perkasa (GAP) in Sampit, Kotawaringin Timur regency, Central Kalimantan province.

DL Sitorus, founder and owner of Torganda Group, passed away eight years ago when he was just on board of Garuda Indonesia flight from Jakarta to Medan, North Sumatra. After years of failed attempt, Satgas PKH under Prabowo administration, has finally taken over Sitorus’ plantation assets in Padang Lawas, North Sumatra province few months ago.

Satgas PKH, a multi-agency task force led by defense minister Lt General (ret) Sjafrie Sjamsoeddin, has seized lots of assets in mining and plantation sector in the past few months. The task force might be more aggressive going forward because Prabowo administration has just enacted Government Regulation (PP) No. 45/2025, which broadens its administrative powers. 

Government parades its plan to enforce a 10 percent ethanol blend in gasoline — the so-called E10 mandate —cleaner energy, lower emissions, and a brighter future for farmers. Bahlil Lahadalia, Energy Minister said that President Prabowo Subianto reportedly blessed the initiative, turning it into another banner of “energy sovereignty.”

When the Ministry of Transportation floated a plan to raise online motorcycle taxi (ojol) fares by 8 to 15 percent, the debate instantly focused on numbers — per-kilometer rates, base fares, and profit shares. Yet, behind the arithmetic lies a deeper structural issue: Indonesia’s digital labor economy is being governed as if it were still a conventional transport sector.

Shares of flag carrier Garuda Indonesia (GIAA) ended substantially higher by 8% to Rp88 on Tuesday (Oct 7) following announcement of US$1.846 billion capital injection from sovereign wealth fund Danantara, significantly bigger than the previously announced US$1 billion ‘bail-out’ plan. 

Hashim Djojohadikusumo, younger brother of President Prabowo Subianto, who is special envoy for climate and energy, once claimed billions of US dollars revenue from carbon credit would be enough to part funding his brother’s ambitious ‘projects’, including free meal.

When the government enacted PP No. 45/2025 in late September, it was framed as a milestone in the country’s long-standing battle to regain control over forest areas misused by private interests. The regulation introduces a new penalty scheme: any plantation—especially palm oil—operating within state-designated forest zones without a permit will be fined Rp 25 million per hectare per year, retroactively calculated based on the years of operation.