President Prabowo Subianto has issued five economic stimulus packages to achieve growth target around 5% in the second quarter. Those five packages are mainly consisted of discounts of transportation (including airfare), toll roads, and salary subsidy meant to support household consumption of low-income group.

For the past few years, far from the media coverage, there has been a dispute over ownership of various companies in the Njoo family. The family is the owner of the troublesome PT Pabrik Kertas Indonesia or publicly known as PT Pakerin. The patron, Soegiharto Njoo, died in 2019 and left behind many problems within the family that have apparently continued to this day. Apart from too many lawsuits filed by members of the family against each other, towards the end of May 2025, two PKPU lawsuits were registered against the company, one of which was submitted by the company’s creditors, while the other was submitted voluntarily by the company itself. 

As Indonesians rushed investing in gold due to weak domestic economy and uncertainty in the global economy, import of the commodity surged 253.6% to US$2.88 billion in the first four months of 2025 with the strongest import in April. 

Ray Dalio, founder of Bridgewater Associates (hedge fund), has reportedly aborted plan to join board of advisors of the newly established sovereign wealth fund Danantara, but CEO Rosan P Roeslani dismissed the reports. 

Vidio has officially joined Indonesia’s unicorn club. The streaming platform, owned by Emtek Group, secured this status after receiving additional investment from PT Dian Swastatika Sentosa Tbk (DSSA), a subsidiary of Sinar Mas Group. The latest round — made through its entity PT DSST Video Gemilang — brings DSSA’s total investment in Vidio to US$ 25 million since 2022.

Last year was bad enough for Mulia Industrindo (MLIA), manufacturer of float glass, safety glass, glass containers, and glass block, with net profit falling 45% to Rp311 billion. It got worse in the first quarter of 2025 with 74.5% drop in net profit to Rp27 billion.

Shares of Integra Indocabinet (WOOD), one of the largest wood material manufacturers for buildings, ended substantially lower by 5.18% on Wednesday (May 28) as investors reassessed implication of Trump’s tariffs torpedoed by US courts.

Frustrated with slow pace of President Prabowo’s signature three million new homes per annum program, interior minister Tito Karnavian recently urged regional administrations to speed up licensing and permitting by-laws needed to support the program. 

Shares of PT Telkom Indonesia Tbk (TLKM) ended lower by 0.35% to Rp2,820 on Wednesday (May 28), still far below its peak. The newly established sovereign wealth fund Danantara has reshuffled both the board of commissioners and directors of the telco giant. What to expect?

LSE-listed M.P. Evans Group Plc’s subsidiary, PT Evans Indonesia has agreed to acquire two plantations firms, PT Setara Kilau Mas Adicita (SKMA) and PT Sumber Bumi Serasi (SBS) worth US$34.2 million, funded entirely from existing cash.