With the exception of Amman Mineral (AMMN), the second largest gold producer in Indonesia, other gold miners and traders listed on the Indonesia Stock Exchange (IDX) gained significantly in the past few months to tracking gold price. 

Amidst slowdown of foreign direct investment (FDI), China continues to invest in Indonesia. That’s why President Prabowo Subianto made time for a short visit to attend the 2025 China Victory Day Parade last week despite domestic issues following days of protests. 

The corruption scandal engulfing BRI Ventures should serve as a wake-up call for Indonesia’s digital economy. For years, the state-owned corporate venture capital (CVC) arm of Bank Rakyat Indonesia has been promoted as a vehicle to bridge public funds with private innovation. But instead of driving transformation, the case now reveals just how vulnerable state-backed capital is to abuse, weak oversight, and political interference.

Eleven members of customary society in Maba Village, Maba Kota sub-district, Halmahera Timur regency, North Maluku province have been named suspects related to their protests against nickel mining operation of PT Position, subsidiary of IDX-listed PT Harum Energy Tbk (HRUM). 

The Attorney General’s Office (AGO) has named former Minister of Education and Culture for the 2019-2021 period, Nadiem Makarim, a suspect in the Chromebook corruption case which, according to prosecutors, caused state losses of Rp 1.98 trillion. Nadiem will be detained at the Salemba detention center for 20 days until September 24.

“We’re indeed in crisis. The US$12 billion burden-sharing between the government and Bank Indonesia (BI) confirmed our limited fiscal capacity to finance Prabowo’s ambitious programs,” one economist said. 

Composite index of IDX (IHSG) advanced 1.1% on Wednesday (Sep 3), thanks to, among others, 10.24% gain in Dian Swastatika Sentosa (DSSA), 1.4% in Data Center Indonesia (DCII), and 1.2% in Chandra Asri (TPIA). DSSA is now worth Rp846 trillion or 25 times equity and traded with PE multiple 167.

Shares of plastic processor PT Impack Pratama Tbk (IMPC) ended higher by 9.92% to Rp1,440 on Wednesday (Sep 3), placing itself in a club of highly inflated stocks listed on the Indonesia Stock Exchange (IDX). 

Shares of Aneka Tambang (ANTM), state mining company, opened higher by 3.2% to Rp3,580 this morning to make a market capitalization of Rp81.5 trillion as investors responded positively the company’s financial performance in the first half ended June 30, where it posted 203% jump in net profit to Rp4.7 trillion.