Shares of MNC Sky Vision (MSKY), operator of cable TV Indovision, Okevision, etc, ended at Rp90 on Thursday (Aug 28) to make a market cap of Rp179 billion only. Nothing compared to the valuation set in the company’s initial public offering (IPO) back in 2012 at Rp10.7 trillion (that time US$1.14 billion).

Amid the surge of digitalization and the rapid rise of artificial intelligence in Indonesia, one new name has emerged in the local gaming ecosystem: Dream Forge Creation (DFC). Established in 2024, this company was born out of a simple yet ambitious idea: to bridge the gap between the creativity of indie developers and the wider market.

Stiff competition, including from financial technology platforms, and slowdown in automotive market have forced further consolidation in the consumer financing industry. Adira (ADMF) and Mandala Finance (MFIN) are in the process of merger, following last year’s acquisition of MFIN by the MFUG Bank (indirectly controls Adira through Bank Danamon/BDMN), which should be completed in October 2025.

Thousands of laborers will be holding simultaneous mass protests today (28/08) in 38 provinces across Indonesia, including the Special Capital Region of Jakarta, starting at around 9.00 or 10.00 local time. They call for an increase in minimum wages and elimination of the outsourcing system, as well as other demands focusing on laborers’ welfare.

Nickel for November delivery ended slightly lower by 0.6% to US$15,290 per ton on the London Metal Exchange (LME) Wednesday (Aug 27). That means the commodity lost 10.8% year-on-year, attributable to persistent oversupply and subdued demand, including from EV battery. Sovereign wealth fund Danantara, however, opted to bet more on the commodity.

Subsidiaries of state oil and gas company Pertamina, one key operating unit of sovereign wealth fund Danantara, appointed more active politicians in the board of commissioners, raising more concerns about governance in state companies.

US’ Baker Hughes, an energy technology giant firm providing solution for upstream, midstream, and downstream, has secured a comprehensive 90-month service agreement award from BP, energy firm, for working on liquefied natural gas (LNG) plant in West Papua. 

Recently, Danantara sent 36 directors of the 29 state-owned enterprises under the sovereign fund institution to the Top Gun Leadership Camp in Lausanne, Switzerland, held on August 20-24, 2025. The CEO, Rosan Roeslani, stated that this program served as a manifestation of Danantara’s commitment to supporting human resource transformation in the SOEs. On the contrary, the public saw it as nothing more than a total waste of money.

President Prabowo’s administration, with Finance Minister Sri Mulyani at the helm, has set one of the most ambitious tax targets in Indonesia’s history. In the 2026 draft state budget (RAPBN), the government aims to collect Rp2,357.7 trillion in taxes—an increase of 13.5 percent from the previous year. The tax ratio is expected to reach nearly 10 percent of GDP.

During the cabinet limited, President Prabowo provided specific instructions to accelerate the waste-to-energy (WtE) management program, which will be funded by Danantara, within 18 months, with the administrative process shortened to three months from the originally six months. This is one of the programs to be funded with proceeds from Rp50 trillion ‘patriot bonds’.