All for free meal program
Free meal, signature program of President Prabowo, was among key issues discussed in bilateral meeting with the visiting Chinese prime minister Li Qiang over the weekend. As a follow-up, chamber of commerce and industry from both countries signed a memorandum of understanding (MoU) last Saturday (May 24) to support the so-called gotong-royong (mutual assistance/aid).
Esports Team Mergers in Indonesia
The phenomenon of mergers between local and international esports teams is becoming a growing trend that is reshaping the digital competitive landscape, including in Indonesia. On one hand, this trend opens up opportunities for accelerated professionalization and global exposure for local talents. On the other hand, it raises serious questions about independence, identity, and the future of the national esports ecosystem.
Acquisition of Teguk?
Share of food and beverages retailer firm with Teguk and Cemil.in brand, PT Platinum Wahab Nusantara (TGUK), jumped by 34.31% to Rp137 on Friday (May 23) after Teguk reportedly will be acquired by Singapore’s Visionary Capital Global Pte Ltd. At the last quoted price, Teguk’s value was worth Rp489.29 billion, 3.1x its equity (Rp157.03 billion).
Krakatau Steel tests Danantara
Shares of state steel manufacturer PT Krakatau Steel Tbk (KRAS) gained 7% to Rp138 this morning to make a market capitalisation of Rp2.67 trillion, not even half of the company’s equity (Rp6.9 trillion by March 31, 2025).
Indonesian economy according to some executives
We met some executives with different business interests in the past few days to understand Indonesian economy through their lenses. One executive happens to be classmate of Dadan Hinayana, chief of the National Nutritional Agency (BGN), who is in charge of President Prabowo’s most important economic policy: free meal.
In GOLD they trust
Shares of Archi indonesia (ARCI), controlled by tycoon Peter Sondakh, opened higher by 2.2% to Rp372 to make a market capitalization of Rp9.24 trillion this morning. Weaker dollar continues to support gold, which is now traded 43.15% gain year-on-year.
Carbon Apps and Indonesia’s Net-Zero Future
In the midst of a deepening climate crisis, Indonesia is entering a new phase of its carbon emission mitigation strategy: the adoption of digital applications. What was once considered a complex task—calculating carbon footprints, often reserved for scientists or major corporations—has now become more accessible, measurable, and affordable thanks to web and mobile apps. Two standout initiatives in this landscape are Actia Carbon and JejakKarbonku.id.
State Budget 2026 & The Free Meal Program
Ministry of finance has started discussions about macro economic framework and fiscal policy principles for 2026 State Budget with the House of Representatives (DPR), wherein the National Nutritional Agency (BGN) will get the biggest fund allocation among ministries/central government agencies.
Uncertainty of online transportation
Thousands of online taxi drivers held simultaneous mass protests in several cities across Indonesia on Tuesday (20/05). They mainly demanded ride-hailing service companies to lower the unfavourable cut in commission rate and urged the government to issue a proper regulation for online taxi drivers. Today, the House of Representatives (DPR) is scheduled for a meeting with the drivers and the companies to discuss this matter.
Reality check on Harum Energy
Shares of Harum Energy (HRUM), one of coal players investing heavily in nickel smelting, ended slightly higher by 0.61% to Rp825 on Monday (May 19). At the last quoted price, however, Harum Energy was worth Rp11.2 trillion only, not even half of its equity (around Rp30 trillion).