Further pressures on Cinema XXI
Shares of PT Nusantara Sejahtera Raya Tbk (CNMA), operator of Cinema XXI outlets, opened higher by 2% to Rp96 this morning on broad market sentiment, but the stock is not even half of the initial public offering (IPO) price three years ago.
Data economy behind new digital game platforms
Gaming industry is no longer just about entertainment. It is quietly evolving into one of the country’s most powerful data economies.
The Coordinated Fight Back for Nicko Widjaja
The public battle surrounding former venture capital executive Nicko Widjaja is no longer centered inside a courtroom. It has evolved into something far larger: a coordinated narrative war across Indonesia’s startup ecosystem.
ASEAN’s new digital battlefield
Amazon’s plan to invest more than US$33 billion across Southeast Asia by 2039, including Indonesia, is only the latest sign of a much larger geopolitical shift. Microsoft, Google, Oracle, NVIDIA and even Chinese tech giants are all racing to establish dominance in ASEAN’s digital ecosystem. The region is no longer viewed merely as an emerging market. It is now considered strategic territory in the global AI economy.
MBG: High Ambition, High Risk
Beyond its goal of improving nutritional outcomes, the MBG program was also expected to boost regional economies by involving MSMEs and local suppliers. However, behind this ambitious vision, the National Corruption Prevention Strategy (Stranas PK) team has identified several governance vulnerabilities that, if left unaddressed, could develop into serious problems.
Prabowo’s wishful thinking as price maker for coal, vegetable oil
Indonesia is the largest exporter of palm oil and thermal coal, no doubt. President Prabowo Subianto expects Indonesia as price maker for both commodities upon seeing ‘success’ in ‘controlling’ global nickel price.
Market issues to watch
Brent crude oil retreated 5% to Us$98.7 per barrel in Asian trading this morning as US and Iran reportedly closer to ink a deal in ending the conflict, which started in late February. US dollars, accordingly, depreciated against most currencies, which could prevent rupiah from sliding further.
Mandatory deposit of forex earnings weighs on state banks
State banks will have to work extra hard to handle foreign exchange earnings deposited by Indonesian exporters. The government requires exporters to park these earnings for a longer period in a bid to support rupiah, but state banks will pay the price.
Export data discrepancy & under-invoicing (2)
President Prabowo Subianto presented a data processed from UN Comtrade to come up with a conclusion: Indonesia has long been robbed by its exporters, and, accordingly, shall be stopped with centralization of export through PT Danantara Sejahtera Indonesia (DSI). What if Prabowo’s team wrongly read and analyzed the data, which yet to be cross-checked and verified?
Golden Visa and the politics of perception
Government is celebrating the success of its Golden Visa program after the Directorate General of Immigration announced that 1,274 Golden Visas had generated Rp52.1 trillion (US$3.2 billion) in investment realization as of May 2026. Officials also proudly highlighted that the program had contributed more than Rp16.3 billion in non-tax state revenue (PNBP).