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the Red-White Village Cooperatives (KDMP) program, which has secured Rp200 trillion funding (placed in State banks, withdrawn from central bank), got off to a slow start.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. 

The government’s plan to distribute some 330,000 Smart TVs, or interactive flat panels (IFPs), to schools across Indonesia was announced as a leap forward for digital education. Yet behind the ambitious narrative, the Indonesian Corruption Watch (ICW) has raised concerns: the procurement was conducted without an open tender, using direct appointment instead. For many observers, this echoes the earlier and controversial Chromebook project under former education minister Nadiem Makarim.

President Prabowo Subianto is scheduled to lead a cabinet meeting to discuss economic stimulus package Monday (Sep 15). One of the much anticipated decisions is expansion of the fiscal incentives to other industries outside the labour-intensive manufacturing sector.

State-owned oil and gas firm Pertamina, one key operating unit of sovereign wealth fund Danantara, is currently working to form a new entity by merging the operations of its three business entities, namely PT Pertamina Patra Niaga as Pertamina’s subholding of trading and commercial, PT Pertamina International Shipping as subholding of integrated marine and logistics, and PT Kilang Pertamina International as subholding of refining and petrochemical.

Shares of toll road developer and operator PT Citra Marga Nusaphala Persada (CMNP) Tbk ended slightly higher by 0.37% to Rp1,360 last Friday (Sep 12), the day Fitria Yusuf, daughter of said beneficiary owner Jusuf Hamka, was examined by Attorney General’s Office (AGO) in a corruption case. 

Attorney General’s Office (AGO) has on Friday (Sept 12) examined Fitri Jusuf, daughter of Mohamad Jusuf Hamka—-beneficiary owner of toll road developer and operator PT Citra Marga Nusaphala Persada (CMNP) Tbk. This adds to the noises surrounding Jusuf Hamka in the past few months. 

So, Leafgreen Capital and Gateway Partner Group have acquired 22.16% shares in PT Nippon Indosari Tbk (ROTI), famous with its Sari Roti brand, from global private equity firm KKR (through Demeter Indo Investment). 

When Energy Minister Bahlil Lahadalia insists that private fuel stations must buy from Pertamina under a business-to-business (B2B) scheme, the narrative is framed as a technical fix for shortages. But to read this policy merely as a matter of logistics would be...