Some major corporate actions, like merger of Grab and Goto or big purchase of Boeing aircrafts by Garuda Indonesia, might take sometime to implement. Grab-Goto merger, for example, might be delayed by ongoing investigation into Chromebook corruption scandal.

A statement from President Prabowo Subianto confirming a US$4.5 billion purchase of Boeing aircrafts as part of the trade deal with Trump administration was good enough to lift shares of flag carrier Garuda Indonesia (GIAA) 9.23% to Rp71 on Wednesday (Jul 15).

Over the past few years, several platforms once praised for their contributions to financial inclusion, including Tanifund, iGrow, Crowde, KoinP2P, and Investree, have experienced spikes in non-performing loans and loss of lender confidence. Now, Akseleran—long regarded as one of the most conservative and credible players in the industry—has been thrust into the spotlight after suffering a sudden and massive wave of defaults.

The Chromebook procurement scandal is no longer just a case of bureaucratic misconduct—it now appears to be unraveling into a deeper web of business, policy, and potential cross-border corporate influence.

One million homes per annum. That was the target from then President Jokowi, who ended his 10-year tenure with less than 700,000 per annum. Not bad, but how many of them left vacant due to poor quality and limited access to public transportation?

Indonesian financial market might be upbeat with news from Trump about a trade deal with Indonesia, wherein the country will ‘only’ be charged with 19%, instead of 32% tariffs. The government might immediately claim ‘diplomatic success’ of President Prabowo because the tariff is slightly lower than competing neighbour Vietnam (20%). The devil, however, is in the detail.

Shares of state construction firm PT PP (PTPP) ended up by 0.96% to Rp420 on Tuesday (15/07) after the Company announced its plan to divest four of its infrastructure subsidiaries worth Rp3.06 trillion, aiming to streamline its business and reduce corporate debt and interest expenses.

Behind the Rp9.9 trillion Chromebook procurement scandal at the Ministry of Education, Culture, Research, and Technology, new questions are emerging: could the selection of Google’s Chrome OS have been indirectly influenced by broader business interests? Particularly given the longstanding strategic partnership between Google and Gojek/GoTo, the company co-founded and led by Nadiem Makarim before he became Minister of Education.

China Shenhua, one of the largest coal miners in the world, is currently worth Rp1,594 trillion or US$98 billion. Shenhua, which is also one of the largest power generation players, has been operating in Indonesia for around two decades. 

The questioning of former GoTo CEO Andre Sulistyo and the rescheduled examination of Nadiem Makarim—former Minister of Education and co-founder of Gojek—by the Attorney General’s Office (AGO) has opened a new chapter in the ongoing investigation into the alleged Rp9.9 trillion Chromebook procurement scandal. What initially appeared to be a case of bureaucratic mismanagement now reveals deeper connections with some of the most prominent names in Indonesia’s tech and political elite.