Composite index of IDX (IHSG) ended lower by 4.9% on Monday (Feb 2) due to continued correction of inflated/manipulated stocks, including constituents of both large and small cap indexes of MSCI Indonesia. An across the board correction would have led to deeper correction of the index.

Recently, well-known brands such as Amanda Brownies and Toshiba have engaged in frequent interactions on the social media platform X. While these exchanges are easily recognized as marketing tactics, they continue to attract public participation and engagement. This phenomenon points to a broader shift, in which companies are positioning themselves as social actors within digital public spaces, promoting not only products but also distinct personalities.

If Tokopedia were to shut down, Indonesia’s e-commerce landscape would not collapse. It would reorganize. Yet the reorganization would not be neutral. It would mark a structural shift in how digital markets operate, who controls consumer access, and which small businesses are able to survive.

President Prabowo Subianto met Garuda Indonesia CEO Glenny Kairupan and Embraer Commercial Aviation CEO Arjan Meijer at the State Palace on Monday (Feb 2). Pindad CEO Sigit Puji Santoso was also in the meeting.

Shares of MD Entertainment (FILM), constituent of MSCI Indonesia Small Cap Index, dropped 15% to Rp12,325 this morning. The stock needs to fall further by more than 90% to make it ‘investable’.

January in Indonesia has been marked by a series of devastating disasters. As emergency responses continue for hydrometeorological events in Aceh and West Sumatra, floods have inundated parts of Jakarta and Bekasi, while landslides have struck Cisarua. Extreme weather and geological vulnerability are always cited as the primary causes, and again it raises a question: why do people continue to live in places known to be highly prone to disasters?

Composite index of Indonesia Stock Exchange (IDX) dropped as much as 5% this morning, dragged down by inflated stocks linked to some conglomerates and correction in shares related to gold and nickel. 

The Nusantara-5 satellite has successfully reached geostationary orbit and is slated to be fully operational by April 2026. For policymakers, this is framed as a technological triumph and a reaffirmation of digital sovereignty. Yet beyond the fanfare, Nusantara-5 raises a harder question: is Indonesia building strategic infrastructure with a clear policy purpose, or merely launching expensive assets into an increasingly crowded market?

BYD Co Ltd, the world’s largest EV manufacturer by volume, reported 30.1% fall in sales of new energy vehicle (NEV) in January 2026 due to subsidy cut in China, the world’s largest EV market. The battery EV sales dropped deeper by 33.6%.

Gold declined further by 3.3% in Asian trading this morning, while silver and copper down 6% and 2.3% each. Last Friday, gold lost 9%, while silver collapsed 27% on profit taking by some investors. Copper also lost 4.5% over the weekend while nickel collapsed 5.2% to US$17,555 per ton.