Special treatment from Bahlil to Amran’s Tiran Group?
Approval for work and budget plan (RKAB) is the ‘hottest political commodity’ in the country even when nickel has fallen significantly from peak. Out of over 200 companies which secured approval, only few are allowed to mine more than 5 million tons per annum. Most players get below 1 million tons per annum.
Virtual Desktops and the Growth of Indonesia’s Data Center Industry (2)
When we talk about digital transformation, flashy apps and AI tools get all the attention. But the real battle for technological sovereignty lies in a quieter frontier: virtual desktop infrastructure (VDI)—the very system that enables secure, flexible work from anywhere.
Virtual Desktops and the Growth of Indonesia’s Data Center Industry (1)
Indonesia’s digital economy is growing fast, but the true backbone of sustainable progress lies in what many still overlooked: the infrastructure that powers how we work. One such critical technology is Virtual Desktop Infrastructure (VDI)—a system that allows users to access their work environments securely from any location via a centralized server.
More on Corruption in Sritex
Earlier this month the Attorney Generals’ Office (AGO) mentioned that they are investigating an alleged corruption implicating the troubled textile giant PT Sri Rejeki Isman Tbk (SRIL or Sritex), but the institution refused to explain more. Towards the end of last week, the wait is finally over as the AGO named Iwan Setiawan Lukminto, the president director of the company at the time of the incident, as suspect in a case of alleged corruption. Along with Iwan Setiawan, two officials of regional banks were also named suspects. The details of the crime are unacceptable.
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.