KPK knocks on BPK’s door
The Corruption Eradication Commission (KPK) has searched the Jakarta residence of Supreme Audit Agency (BPK) member Bobby Adhityo Rizaldi as part of its investigation into an alleged bribery scheme involving audit findings for Muara Enim Regency. Investigators seized electronic evidence while emphasizing that the search was conducted to strengthen the ongoing investigation. Bobby has not been named a suspect, and the legal process remains underway.
From Gaming Giant to AI Powerhouse: Why Tencent Is Betting on Indonesia
For years, Tencent has been synonymous with gaming. As the company behind global titles such as Honor of Kings and a major investor in Riot Games, Supercell and Epic Games, it built one of the world’s most profitable entertainment businesses. Its latest move into Indonesia, however, tells a different story. The launch of its AI agent, WorkBuddy, signals that Tencent no longer wants to be known primarily as a gaming company. It wants to become an enterprise AI powerhouse.
Intiland vs Mayapada
In our earlier article (Intiland: What’s up?, June 26), our sources talked about potential fallout in relationship between property developer Intiland Development (DILD), famous with its South Quarter complex, and its lenders.
Net sell continues despite the affirmed rating
Composite index of IDX (IHSG) inched up 0.03% Tuesday (Jul 14), weighed by profit taking in banking stocks and escalated conflicts in the Middle East. Brent crude oil futures surged to as high as US$86.4 per barrel, while falling US dollar index (DXY) contributed to appreciation of rupiah.
Velesto aborts rig sale to PT IDE/TexCal
KLSE-listed Velesto Energy Berhad informed market authorities that the company has terminated the sale of its jack-up drilling rig, NAGA 3 to PT Indonesia Drilling Energy (IDE) after the transaction failed to be completed within the agreed timeframe.
More Schools, Fewer Students
With the start of the 2026/2027 academic year, reports have emerged of elementary schools enrolling only a handful of new students, or none at all in some cases. This trend may not stem from a single cause. However, as access to education continues to expand, another challenge is beginning to emerge as classrooms become increasingly empty.
Waskita Beton in red still
Concrete precast manufacturer PT Waskita Beton Precast Tbk (WSBP), subsidiary of state EPC firm Waskita Karya (WSKT), booked net loss of Rp285.6 billion in the first half ended June 30, 2026, enlarged from the corresponding period last year due to squeezed margins.
Telkomsat’s direct-to-device bet raises bigger questions
Satellite industry has finally acknowledged a reality that has been reshaping global telecommunications for years: the future of mobile connectivity may no longer depend entirely on cell towers. Telkomsat’s decision to explore Direct-to-Device (D2D) satellite technology with UNIVITY is therefore more than another corporate partnership. It is a strategic response to a technological shift that could redefine the country’s digital sovereignty.
Financial discrepancies at Awan Tunai
PT Simplefi Teknologi Indonesia (Awan Tunai), a P2P lending for SMEs in FMCGs, is reportedly under huge financial pressures due to loss category loans. Creditors and equity investors in the startup are nervous about the issue.
External pressures resumed
Brent crude oil futures surged as much as 10% to US$83 per barrel Monday (Jul 13) as US and Iran exchanged fresh strikes, while DXY (Dollar Index) advanced 0.3% to 101.28, mounting pressures on global currencies, including rupiah.