BUMA International Group (DOID), previously Delta Dunia, claimed significant improvement in the second quarter of 2025 with US$50 million of EBITDA, more than three times those generated in the first quarter. BUMA also claimed positive cash flow of US$24 million in the second quarter against negative of US$19 million in the first.

Rosan P Roeslani, CEO of sovereign wealth fund Danantara and minister of investment, claimed that Freeport McMoRan (FCX) has agreed to divest 12% shares in PT Freeport Indonesia (PTFI), the world’s largest copper and gold mine, to Indonesia free of charge. Really?

The case of nickel mining in North Maluku’s small island of Gebe exposes a troubling paradox at the heart of Indonesia’s resource governance. At the center of the controversy stands PT Karya Wijaya, a nickel company that has been granted mining permits over more than 1,100 hectares of land in Central Halmahera. Reports from local media and civil society allege that the company is linked to none other than the province’s sitting governor, Sherly Tjoanda, who is said to hold a controlling stake.

The latest national survey by Indikator Politik Indonesia, conducted on September 3–9, 2025, reveals a striking paradox in the Prabowo-Gibran administration. While public satisfaction with both President Prabowo Subianto (58.9 percent) and Vice President Gibran Rakabuming Raka (51.2 percent) remains relatively high, Indonesians are overwhelmingly critical of the country’s economic, political, and legal conditions.

Shares of PT Sejahteraraya Anugrahjaya Tbk (SRAJ), operator of Mayapada Hospital, ended flat at Rp10,625 Tuesday (Sep 30) when the company announced the audited financial report for the first half of 2025, where it posted net loss of Rp65.6 billion against profit of Rp9.7 billion in the corresponding period last year.

The Business Competition Supervisory Commission (KPPU) has imposed a fine of Rp15 billion on TikTok Nusantara (SG) Pte. Ltd. for late notification of its acquisition of a majority stake in Tokopedia. That’s not a significant amount given size of TikTok’s business after acquisition of Tokopedia early last year. 

Shares of PT Perusahaan Gas Negara Tbk (PGAS) or PGN, subsidiary of oil and gas company Pertamina, ended lower 0.88% to Rp1,695 on Monday (Sep 29) as the Attorney General’s Office (AGO) intensified corruption investigation into acquisition of some oil and gas assets in the period of 2012-2015. 

When Coordinating Minister for Food Affairs Zulkifli Hasan (Zulhas) remarked yesterday that “not every cooperative problem should end up on the President’s desk,” it was more than a technocratic reminder. It was a coded warning. In Jakarta’s political lexicon, such statements often signal friction within the cabinet—and in this case, between two key players: Gerindra, Prabowo’s own party, and PAN, Zulhas’s political home.

When Pertamina’s President Director Simon Mantiri told lawmakers that the company would merge its downstream arms—Pertamina Patra Niaga, Kilang Pertamina Internasional, and Pertamina International Shipping—by the end of 2025, it sounded like a straightforward plan. The message was wrapped in the familiar language of efficiency and synergy: trimming excess structures, streamlining operations, and delivering “one Pertamina” for the downstream business. Yet, beneath this polished corporate narrative lies a far more political story.

Other than investigation into acquisition of Fasken shale gas block in Texas (USA), the Attorney General’s Office (AGO) grilled some witnesses, including executives of PT Saka Energy (subsidiary of PGAS/PGN), for the acquisition of three oil and gas blocks at home: Ketapang, Pangkah, and Muriah.