Sovereign wealth fund Danantara has been operational few months, but the government and lawmakers decided to deliberate new law specific for the agency. At the same time, they also propose revision of the law on state-owned enterprises, whose ministry is now basically left without significant power and jobs. 

The government plans to splash Rp72 trillion or US$4.3 billion for the development of fishery sector, including the so-called Kampung Nelayan Merah Putih/KNMP (Red-and-White Fishermen Village) to mirror the Co-Op (Koperasi Desa Merah Putih/KDMP) project. Like other ambitious projects launched by Prabowo administration, KNMP is expected to create jobs for 568,000 people.

Indonesia today stands at a paradox. With more than 220 million internet users—the third largest online population in the world—the country should be reaping the benefits of a digitally empowered society. Yet, according to the Speedtest Global Index, Indonesia’s fixed broadband speed ranks 116th worldwide, only slightly faster than Myanmar within ASEAN. Mobile internet fares only marginally better. The reality is stark: millions of Indonesians pay comparatively high monthly fees for internet services that remain among the slowest in the region.

For nearly a decade, Indonesia Convention Exhibition (ICE) in BSD City has stood as the country’s premier venue for large-scale meetings, exhibitions, and concerts. Its reputation has been cemented by flagship events such as GIIAS, multinational corporate gatherings, and high-profile music performances. Yet, a new player has entered the scene with an ambition to redefine Indonesia’s event geography: NICE PIK 2.

Anggito Abimanyu, deputy minister of finance, has on Monday (Sep 22) been elected new chief commissioner of the Indonesian Depositors Insurance (LPS) for the period of 2025-2030, briefly ending speculation about his appointment as minister of State Revenues (BPN). 

By August 31, 2025, the State collected Rp1,638.7 trillion of revenues, down 7.8% from the corresponding period last year to confirm contraction in the economy. It was dragged down by 8.7% decline in revenues from corporate income tax and 11.5% fall in VAT and luxury taxes. 

Forget about composite index of Indonesia Stock Exchange (IHSG), which set a new record, because trading manipulation in inflated stocks like those of Prajogo, Widjaja, Aguan, and Anthoni Salim, can easily take the index to series of new highs. Rupiah might be a better reading, whilst questions about independence of central bank (Bank Indonesia) could prevent deeper correction in the currency.

Governance concerns raised by civil society and academics fall on deaf ears. President Prabowo Subianto’s administration decided to appoint more politicians as commissioners of state-owned companies.

It’s been a mess in the downstream oil and gas industry with chaotic arrangements in the import of fuel for gas stations operated by global players like BP, Shell, and their local partners. These private-owned gas stations have temporarily agreed to buy products from state oil and gas company Pertamina. But, for how long?

Textile producer PT Sejahtera Bintang Abadi Textile (SBAT) went bankrupt after failing to pay its debts and restructuring. The company was declared bankrupt by the Commercial Court at the Central Jakarta District Court. The bankruptcy decision came after the Suspension of Payment of Debt Obligations (PKPU) with Case No. 3/Pdt.Sus- PKPU/2025/PN Jkt. Pst 2.