Contemporary Amperex Technology Co Ltd (CATL), the world’s largest EV battery manufacturer, and LG Energy Solutions (LGES), both have Indonesian presence whilst with reduced investment commitments. LGES was the first to start local production in partnership with South Korean EV manufacturer Hyundai. 

BYD, the world’s largest EV manufacturer with growing popularity in Indonesia, sold 3.26 million new energy vehicle (NEV) in the first nine months of 2025, an increase of 18.6% from the corresponding period last year. 

Shares of Timah (TINS), one of the world’s largest tin miners, ended flat at Rp2,260 on Monday (Oct 6) when President Prabowo Subianto witnessed the transfer of some tin assets seized from some business people implicated in the so-called ‘Rp300 trillion’ tin corruption case. 

Composite index of IDX (IHSG) hit a record high of 8,118 on Friday (Oct 3) after gaining 13 percent year-to-date. The record, however, was achieved with unbelievable gains of inflated stocks, mostly linked to politically-connected business groups.

Ministry of Communication and Digital Affairs (Komdigi) suspended TikTok’s license in early October, the freeze lasted barely a day. After TikTok submitted data requested by the government, the ministry swiftly reinstated its operating permit.
Officially, the case is closed. But the speed of both the suspension and its reversal reveals a larger pattern: digital governance is no longer just about regulation — it is becoming a mechanism of control.

Ministry of Communication and Digital (Komdigi) is weighing a new idea that could reshape the country’s second-hand phone market: a “balik nama” system, or ownership transfer, for used mobile phones — similar to the process of registering a motorbike.

Dato Tahir from Mayapada Group is among Indonesian conglomerates subscribing the so-called ‘Patriot Bonds” issued by sovereign wealth fund Danantara. He is listed in the ‘Tier-2’ conglomerates, those subscribing between Rp1 trillion and Rp1.6 trillion alongside James Riady (Lippo Group) and Tommy Winata (Artha Graha Group).

Coal and nickel producer PT Harum Energy Tbk (HRUM) have decided to buyback up to 751.8 million shares (5.56% of the total subscribed and paid-up share capital) from the market to shore up the price, which has been under pressure for quite sometime. 

Indonesia and Vietnam both have a target to become high income country by 2045. While Indonesia has been struggling to grow above 5%, Vietnam’s government claimed on Sunday that its economy grew at an annual rate of 8.22% in the third quarter of 2025, thanks, among others, to faster growth of tourism industry.

Shares of Sampoerna Agro (SGRO), controlled by Sampoerna Family (used to be the wealthiest family in the country), surged 7.8% to Rp5,075 on Friday (Oct 3). At this price, Sampoerna Agro was worth Rp9.2 trillion, about 1.5 x equity.