Launched in March 2023, Peak Digital Capital entered Indonesia’s digital content landscape as a promising accelerator for content creators. Backed by Grace Tahir (Everest Media) and Yohanes Auri (Flux Creative Universe), Peak positioned itself as a one-stop growth platform offering not only funding but also access to networks, capacity building, and leadership development for creators across scales—from nano to macro.

Shares of nickel producer Merdeka Battery Materials (MBMA) ended substantially lower by 4.8% to Rp438 on Tuesday (Jul 1) as investors responded negatively the company’s financial performance in the first quarter, which was only released June 30. MBMA, co-owned by Garibaldi ‘Boy’ Thohir, older brother of Erick Thohir (minister of state-owned enterprises), reported slightly lower net profit of US$3.5 million in the quarter.

Other than the Central Bureau of Statistics (BPS), minister of finance Sri Mulyani Indrawati revealed the latest status of the State Budget 2025 to the House of Representatives (DPR) on Tuesday (Jul 1). S&P Global, meanwhile, pointed to declining Purchasing Managers’ Index (PMI) for manufacturing industry to the lowest level since 2021. 

The discourse around adjusting online motorcycle taxi (ojek online) fares by 8–15%, as announced by the Ministry of Transportation during a hearing with the Indonesian House of Representatives (DPR RI), appears to be a populist move that’s easy to sell. Yet behind those numbers, the reality for drivers remains grim: the high commission cuts by ride-hailing platforms have yet to be addressed seriously, and the looming consolidation between Grab and GoTo only deepens the imbalance in the ecosystem.

Last week, the Corruption Eradication Commission (KPK) revealed to the public that they were investigating a new case. This news emerged after the KPK conducted searches at several locations including the office of PT Bank Rakyat Indonesia (Persero) Tbk (BBRI). Later, it was discovered that from the search the KPK managed to secure a number of pieces of evidence and this case was related to a procurement project that took place between 2020 and 2024. Honestly, this news is not surprising, but that is the saddest part.

More working days lifted Indonesia’s export 20% month-on-month in May, while in the first five months of 2025, total export expanded by 6.98% to US$111.98 billion. Non oil and gas export grew 8.22% in Jan-May 2025, while oil and gas dropped 11.26%, dragged down mainly by 11.73% fall in natural gas export.

Central Bureau of Statistics (BPS) released some economic data Tuesday (July 1st), which include export-import, tourism, domestic and international transportation for the first five months of 2025. While number of foreign visitors expanded by 7.44%, occupancy rate of hotels, including those in Bali Island, declined significantly.

People close to President Prabowo Subianto have enthusiastically talked about Badan Penerimaan Negara (BPN) or the State Revenue Agency, which basically spinning off director general for taxation and custom & excises from ministry of finance. Prabowo himself yet to make a decision, but looks closer to implementing the plan emerged since presidential campaign in 2023-2024. 

Politicians, especially from President Prabowo Subianto’s Gerindra Party, have been granted commissioner position in subsidiaries of state companies. With easy money from the state companies, it is actually not relevant to talk about more subsidies from the State Budget to finance political parties.