Get rid of the manipulated stocks?
President Prabowo Subianto has reportedly ordered cabinet member and relevant authorities (including OJK and IDX) to clean up the stock market from manipulated stocks. Even if it would drag down composite index of Indonesia Stock Exchange (IHSG)?
OJK Leaders also resign
Pretty much as predicted, following the ‘resignation’ of IDX CEO Iman Rachman earlier on Friday (Jan 30), chief commissioner of the Financial Services Authority (OJK) Mahendra Siregar and OJK commissioner supervising stock market Inarno Djajadi have tendered their respective resignation Friday afternoon.
Efficiency measures help OCBC-NISP
Bank OCBC-NISP booked net profit of Rp5.06 trillion last year, an increase of 3.9% from 2024 despite 0.9% decline in net interest income (NII). Series of efficiency measures seemed to have helped the bank in growing operating profit by 12.2% last year.
IDX CEO Resigns or Forced to Leave?
Iman Rachman has tendered his resignation as CEO of the Indonesia Stock Exchange (IDX) following substantial correction in the composite index (IHSG) related to Morgan Stanley’s recent decisions.
When telecom regulation lags, the digital economy pays the price
Mobile operators are right to warn that the country’s telecommunications regulations are no longer fit for purpose. This should not be dismissed as routine industry lobbying. It is a structural warning that an outdated regulatory framework risks slowing digital transformation at the very moment when connectivity is becoming a core economic input.
Fuel imports and the problem of policy-driven shortages
Fuel shortages at several Shell-branded gas stations have reignited an old but unresolved question in downstream energy sector: is the country truly committed to competition, or does stability still trump market fairness?
New minimum free float
So, the Financial Services Authority (OJK) plans to set a minimum free float of 15% for companies listed on the Indonesia Stock Exchange (IDX). This is one of the policies to respond calls from MSCI to boost market transparency and liquidity. Really?
What Ahok’s Testimony Reveals
The ongoing corruption trial over Pertamina’s crude oil and fuel trading governance gained renewed public attention this week with the testimony of Basuki Tjahaja Purnama, widely known as Ahok. As the former chief commissioner of Indonesia’s state-owned energy company, his appearance was widely expected to be politically charged. Yet beyond the headlines, his statements warrant a sober assessment of what they actually add to the case.
Credibility issues of IDX & MSCI
Both Indonesia Stock Exchange (IDX) and Morgan Stanley’s MSCI shall be blamed for what happened in the market for years now: trading manipulation and poor supervision/compliance. The rally to be included in the MSCI indexes, for large and small cap alike, led to creation of hundreds of highly inflated stocks in the market.
From Agrinas to Perminas
Unlike the previous statement from Prasetyo Hadi, minister of State Secretary, that Martabe Gold will be handed over to MIND ID (parent company of state mining companies) and ANTM (state gold miner, under MIND ID), Danantara leaders and energy & mineral resources minister pointed to Perminas as future ‘owner and operator’ of the third largest gold mine.