September 2025 marked another low point. DJP had to announce a full weekend downtime for Coretax—20 to 21 September—to conduct capacity upgrades. On paper, this was a routine maintenance exercise.

PT Dian Swastatika Sentosa (DSSA) Tbk, an energy and infrastructure company controlled by Sinarmas Group (Widjaja Family), issues Rp256.7 billion bonds and Rp1.24 trillion worth of sukuk to make a total of Rp1.5 trillion. 

We’ve been told more interesting stories from the witnesses appeared in the trial of corrupt judges acquitting three palm oil groups, including SGX-listed Wilmar International Ltd, from corruption case in the export of crude palm oil (CPO). One of the stories is about series of the judges’ overseas golf tour. 

The Constitutional Court (MK) sided with majority of Indonesians and civil society group in ending dual roles of deputy ministers as commissioners of state companies. Yet, the sovereign wealth fund Danantara on Sep 16 appointed three deputy ministers as commissioners of state telecommunication company Telkom (TLKM).

Shares of United Tractors (UNTR), subsidiary of Astra International (ASII), engaged in construction machinery, coal mining contracting, own coal business, gold mining, power generation, and civil construction, ended 0.66% lower on Monday (September, 15) after the company’s acquisition announcement in gold business.

Indonesia has never been shy about big digital ambitions. The government’s announcement of a partnership with the United Arab Emirates (UAE) to train 10 million coders in just three years is its boldest statement yet. The idea is simple: Indonesia must stop being a mere consumer of digital tools and instead become a global producer of technology.

When Astro emerged in 2021 with its promise of 15-minute deliveries, it quickly captured the imagination of urban Indonesians and the attention of global venture capital. The startup raised over US$90 million from top-tier investors, and now Amazon has reportedly joined with an additional US$51.9 million. At first glance, Astro seems poised to become Indonesia’s poster child for quick commerce.

It appears that the Red-White Village Cooperatives (KDMP) program, which has secured Rp200 trillion funding (placed in State banks, withdrawn from central bank), got off to a slow start. After its initial launch on July 21, 2025, 80,000 cooperatives were targeted to be operational this year. Two months later, as of today, there have been reports saying that some of them couldn’t proceed with the program, typically due to financial issues.

Minister of finance Purbaya Yudhi Sadewa’s decision to place Rp200 trillion of government funds in state banks (plus BSI, the largest sharia bank in the country) continues to trigger pros and cons in the society. One economist, who is rector of Paramadina University, urged President Prabowo to cancel the plan because it violates the Constitution and three lower level laws. 

Shares of Chandra Daya Investasi (CDIA), an energy and logistic arm of Chandra Asri (TPIA), ended higher by 9.75% to Rp1,520 on Monday (Sep 15) as investors continue speculative trading. CDIA has gained 700% from its initial public offering (IPO) two months ago.