New Darker Norm: More politicians in state companies
It increasingly becomes a new norm, but darker. The government appointed more politicians from all members of the ruling coalition. Interestingly, even politician from PDIP, the only political party outside the ruling coalition, has recently appointed commissioner of one state company.
Unreliable data continues to mislead everybody
Minister of manpower Yassierli’s statement ‘don’t keep (talking about) layoffs…it can lead to greater pessimism’ is just another example of how Indonesian leaders continue to mislead the people. Combined with low-reporting compliance from employers, we never know actual layoffs, which is badly needed to make corrective actions.
Stockbit Sekuritas Digital
Over the past few years, PT Stockbit Sekuritas Digital has emerged as one of the most prominent faces in Indonesia’s digital securities industry. With its mission of promoting financial literacy and inclusion, Stockbit has positioned itself as a favorite among young investors—especially after launching its popular robo-advisor app, Bibit. But behind its glowing reputation and sleek interface lies a deeper question: is Stockbit truly democratizing investing, or simply replicating elite control in digital form?
Undervalued stocks: Tunas Baru Lampung
Shares of agriculture company PT Tunas Baru Lampung Tbk (TBLA) opened lower by 0.65% to Rp770 this morning to make a market capitalisation of Rp4.61 trillion, way below the company’s equity (Rp8.45 trillion by Dec 31, 2024).
Questions about China’s anti-dumping tariff on Indonesian stainless steel
China has imposed anti-dumping tariff of 20% for stainless steel produced in Indonesia, a move that could only widening Indonesia’s trade deficit with the world’s second largest economy and adding more pressures to the already weak nickel price.
Lessons from the Ajaib Sekuritas Case
On June 24, 2025, Indonesia’s social media landscape was rocked by a post from retail investor I Nyoman Triatmaja Putra. He claimed that he intended to buy just 9 lots of BBTN shares—worth less than IDR1 million—via the Ajaib Sekuritas app, but was instead charged for a transaction of 16,541 lots, valued at IDR1.8 billion. He insisted he never activated the platform’s margin trading feature known as “trade limit.”
AFTECH and the Risks Behind Financial Technology Innovation
The Digital × Real Sector Launchpad initiative, launched by Bappenas in collaboration with the Indonesian Fintech Association (AFTECH), has emerged as a symbol of government–private sector collaboration in driving digital transformation across Indonesia’s real sector. From dairy cooperatives in Malang to expansion plans targeting agriculture and MSMEs, this initiative promises significant shifts in the financial inclusion landscape. Yet behind the collaborative enthusiasm, the public must examine the dynamics and risks currently confronting the fintech industry itself.
Uncertainty over trade deal
Asian stocks opened mixed Tuesday (Jul 8) amidst uncertainties surrounding trade deal with Trump administration. South Korea’s KOSPI Index advanced up to 1.44% in the opening hour of trading, while Japan’s Nikkei 225 gained 0.4%. The two are among countries whose new tariffs will be delayed to August 1st alongside Indonesia.
Amman Mineral et al vs Bahlil
Home minister Tito Karnavian is quoted by media asking minister of energy and mineral resources Bahlil Lahadalia to allow PT Amman Mineral Nusa Tenggara (AMNT), subsidiary of Amman Mineral International (AMMN), resume export of copper concentrate.
Susi Air’s New Routes
Susi Air, a small but resilient Indonesian airline, has once again captured public attention—not for its usual routes to remote eastern regions, but for launching new scheduled flights connecting Bandung and Yogyakarta, as well as routes from Semarang and Yogyakarta to the tourist haven of Karimunjawa. While this expansion is welcome from a connectivity standpoint, it also reflects deeper political dynamics that warrant public scrutiny.