Haji Andi Arsyad Syamsuddin, popular as Haji Isam, will likely become the richest non-Chinese businessman in Indonesia once Forbes issued its new list. By Friday, October 10, 2025, the combined ‘market value’ of three stocks directly linked to Haji Isam was Rp228 trillion or US$13.7 billion. 

Nickel firm, PT Anugrah Neo Energy Materials (ANEM), is reportedly preparing an initial public offering (IPO) with an estimated value of more than Rp5 trillion despite persistent margin pressures on nickel processing firms. 

When Purbaya Yudhi Sadewa openly rejected the use of state funds (APBN) to cover the debt of the Jakarta–Bandung high-speed rail project, it was more than a fiscal statement — it was a political marker. His stance exposes the growing tension between the technocratic discipline of fiscal management and the lingering shadow of Jokowi’s state-driven legacy.

Countless of companies have announced plans to develop coal-to-chemical plants in Indonesia. None is materialized. The latest plan came from China’s Beiken Energy Group Co Ltd, which was announced after a meeting with Agus Gumiwang Kartasasmita, minister of industry affairs.

Dony Oskaria has been installed head of the BP BUMN, regulatory agency for state-owned enterprises (SOEs), which replaces ministry of SOEs, last week. Dony, however, is maintained as chief operating officer (COO) of sovereign wealth fund Danantara. 

Corn is known a miracle crop due to its wide adaptability under varied agro-climatic conditions. Indonesia has long tried to achieve self-sufficiency for the ‘queen of cereals’, but still feeling insecure. Since early this year, the National Police has partnered with ministry of agriculture to boost domestic production of corn. How?

The economy is yet to recover. That’s the conclusion from the reading of Indonesia’s consumer confidence index (CCI), which dropped to 115 last month, down from 117.2 in August. It is inline with downfall of the economic condition index (IKE), which declined to 102.7 in September from 105.1 in the previous month.

Shares of Chandra Asri Petrochemical (TPIA) ended slightly higher by 0.3% to Rp7,725 on Thursday (Oct 9) making a market capitalization of Rp668 trillion or US$40.5 billion. The stock has gained 7.7% year-to-date despite poor financial performance in the past few years due to persistent oversupply and underwhelming demand growth.

Composite index of Indonesia Stock Exchange (IDX) or IHSG hit a new record high on Thursday (Oct 9) when finance minister Purbaya Yudhi Sadewa met directors of IDX and the Financial Services Authority (OJK), during which he reminded authorities to ‘clean-up’ the market from trading manipulation. What an irony!

The partnership between Pertamina New & Renewable Energy (NRE) and Singapore LNG Corporation seems like a natural alignment of regional interests: Indonesia possesses abundant bio-resources, while Singapore offers capital, technology, and a premium market for low-carbon fuels.