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.

The Business Competition Supervisory Commission (KPPU)’s recent investigation into TikTok Nusantara (SG) Pte Ltd’s acquisition of a 75.01% stake in Tokopedia from GoTO Gojek Tokopedia (GOTO) should serve as a loud wake-up call. The deal, KPPU found, poses a serious risk of monopoly and unfair business practices. But the issue goes far beyond market structure—this is a matter of digital sovereignty.

As Indonesia’s digital economy surges forward, transportation remains one of the sectors ripe for disruption. RedBus, a global bus ticketing platform, is one of the key players trying to modernize how Indonesians book intercity travel.

Shares of Amman Mineral (AMMN), the second largest gold and copper miner in Indonesia behind PT Freeport Indonesia, inched up 0.36% on Wednesday (May 28) as the company continued its buyback program. The stock has gained 32% from its bottom in mid April, but nowhere near its peak due to uncertainty surrounding export permits.

Indonesian hotel, restaurant, and cafe (HORECA) industry has been under significant pressure in the first five months of the year due to a combination of factors: weakened purchasing power of middle-income group, budget cut for travel and conferences by all government agencies down to local level, and lacklustre spending/visit of foreign tourists. 

Shares of Nusantara Sejahtera Raya (CNMA), operator of Cinema XXI, ended slightly higher by 0.68% to Rp147 on Tuesday (May 27). The stock has gained significantly from its bottom (Rp112) early last month, but nowhere near its initial public offering (IPO) price (Rp270) little less than two years ago.

The Central Jakarta District Attorney’s Office has named five suspects in the corruption case of the Temporary National Data Center (PDNS) during the 2020-2024 period. Two of which are former officers at the Ministry of Communication and Information; Director General of Informatics Applications (Aptika) Semuel Abrijani Pangerapan and Director of Government Informatics Application Services Bambang Dwi Anggono. Both will be detained for 20 days until June 10 while further investigation is currently underway.