The New TKDN Regulation

The government has just issued Minister of Industry Regulation (Permenperin) No. 35/2025 on Local Content Requirement (TKDN) and Corporate Benefit Weighting (BMP). This new regulation replaces the outdated Permenperin 16/2011, while also responding to Indonesia’s...

State pharmaceuticals continue to test Danantara (3)

State pharmaceutical company PT Kimia Farma Tbk (KAEF) has just released financial report for the period ended June 30, 2025. The company posted net loss of Rp95 billion, slashed from Rp227 billion in the corresponding first half of 2024. 

INA & Lopa Tech in LFP Cathode

PT LBM Energi Baru Indonesia, a joint venture between Indonesian Investment Authority (INA), HKSE-listed Jiangsu Lopal Tech Co Ltd, and LG Energy Solution Ltdd (one of the world’s largest EV battery manufacturers) has recently signed an industrial land utilization agreement with Batang Industropolis. 

Dian Swastatika: A reality check

Shares of PT Dian Swastatika Sentosa Tbk (DSSA), new constituent of MSCI Index controlled by Widjaja Family (Sinarmas Group), ended lower by 6.55% to Rp96,250 to make a market capitalization of Rp742 trillion or US$45 billion on Thursday (Sep 11). 

Traffic and flooding: The New Bali

Those two words were usually associated with Jakarta. People, especially tourists, do not expect to experience them in the tourism island of Bali. Traffic congestion hurt Bali for quite sometime now due to lack of investments in public transportation and poor law enforcement. Sometimes it’s worse than Jakarta, especially during long weekends and holiday seasons.

When “B2B” becomes a shortcut logic (2)

The government’s repeated assurance that Pertamina can cover private fuel stations’ shortages through business-to-business (B2B) arrangements risks becoming a dangerous illusion. It signals a deeper policy tendency: masking structural flaws with stop-gap measures, while ignoring the urgent reforms that Indonesia’s downstream oil market desperately requires.

Job creation & lower consumers confidence

The Consumer Confidence Index (CCI) declined further to 117.2 in August 2025, according to survey by Bank Indonesia. This is the lowest reading in the past three years, mainly due to falling Job Availability Index, which fell into pessimistic zone, while the Current Income Index was slightly above 100. 

MoF Purbaya’s First Actions

Minister of finance Purbaya Yudhi Sadewa had his inaugural public hearing with House Commission XI (overseeing financial issues) on Wednesday (Sep 10). His official speech and presentation material were routine and standard, but the Q&A session was lot more interesting, where Purbaya issued statements that raised more eyebrows.

Danantara & the Waste-to-Energy (WtE) Projects (2)

Some companies have earlier ventured into waste-to-energy (WtE) business before President Prabowo Subianto giving full authority for the development of WtE to sovereign wealth fund Danantara. Who might be benefited from Danantara’s Rp50 trillion WtE projects?

Hajj Business Ecosystem at Risk

The Corruption Eradication Commission’s probe into the 2024 hajj quota is beginning to reshape not only political alignments in Jakarta but also the business ecosystem that underpins Indonesia’s pilgrimage industry. What initially seemed like a ministerial scandal now threatens to reverberate across travel operators, associations, and the financial infrastructure surrounding hajj services.

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