Economy

Post Projects Fever

Rekayasa Industri’s portion in the consortium of TPPI’s olefin refinery megaproject is reportedly being eroded. The company’s poor financial performance report is to blame.

Ups and Downs over Olefin Refinery

Pertamina finally selected winners of the bid for the TPPI olefin refinery megaproject after months of uncertainty. It leaves behind embers of a dispute between the boards of commissioners and the directors over alleged irregularities in the project planning.

Neck-Deep in Lawsuits

Companies listed at the Indonesia Stock Exchange, including state-owned enterprises, are dragged into lawsuits for delaying debt repayment and bankruptcy due to their thinning pockets during the pandemic.

Economy

Loose Cannon for Banks

Indonesian banking gives a mixed response over plans for bankruptcy and debt payment postponement moratoriums. The OJK is pushing for a credit restructuration relaxation.

Economy

Pursuing Anti-Bankruptcy Law

The Indonesian Employers Association (Apindo) is asking the government to impose a moratorium on filing petitions for bankruptcy and debt payment postponement (PKPU). This could be a field day for bad debtors.

Market Pulse

IMF Ammunition is not Enough Protection

The key question is: would the additional ammunition from the IMF be enough to keep Indonesia’s financial market safe when the tapering shock arrives?

Market Pulse

A Comfortable Debt Trap for Banks

So even as the economy falls into ruin because of the pandemic, banks are still raking in profits. Meanwhile, the government is straining under its weight.

Market Pulse

Calculating the Risk of a Tantrum

When the global market is in a rout, Indonesia’s Achilles heel lies in its government bonds market. The hardest shocks potentially start here. Foreign investor’s move to sell their Indonesian government bonds—“flight to safety” move—is the trigger.

Economy

Indonesian Gamers Splurge Trillions of Rupiah on Games

How much do Indonesians spend to play games? Rp30 trillion in just half year. The game industry has never been so appetizing.

Economy

Still Losing

Local game developers and publishers struggle to deal with the onslaught of high-budget global games. The government cooperates with international veterans.

Economy

ASDP Indonesia Ferry Needs a Friend for a Change

Numerous transportation companies are having a difficult time due to mobility restrictions during the Covid-19 pandemic. ASDP Indonesia Ferry is among those facing the challenge. In May 2020, the ferry operator lost Rp71 billion a month. ASDP Chief Executive Officer (CEO) Ira Puspadewi acts quickly to implement various efficiency moves, particularly through digitization of passenger service.

Economy

Local Games, Global Quality

The Indonesian game industry grows rapidly during the Covid-19 pandemic. The number of gamers also increases. The pandemic opens up opportunities for local games to enter the international market at a low cost.

Economy

The Enticement of Coal Prices

Coal mining industry is not concerned with the government’s plan to shut down steam power plants. High demand and high prices for coal are the driving factors. This report on the dilemma of the electricity and coal businesses was done with the support of the Judith Neilson Institute.

Economy

Steam Power Plants Running on Fumes

The shortage of coal supplies to PLN electricity generators leads to export bans for 34 companies. Accusations fly as coal prices rise. This report on the dilemma of the electricity and coal businesses was done with the support of the Judith Neilson Institute.

Economy

PLN’s Problems in the Pandemic

PLN is trying everything to stay out of the financial crisis. It is caught between ambitious government projects, electricity purchase arrangements, and the impact of the pandemic. This report on the dilemma of the electricity and coal businesses was done with the support of the Judith Neilson Institute.

Economy

Some Investors Turn to Crypto

In the midst of turmoil from the Covid-19 pandemic, cryptocurrencies are being recognized as commodity subjects. Futures exchanges are also preparing a physical market for digital gold. An interview with the Jakarta Futures Exchange Chief Executive Officer Stephanus Paulus Lumintang.

Market Pulse

Discipline to Keep the Bond Market Save

The resolution of the government to put the brakes on 2022’s budget deficit brings relief to the market.

Economy

The Threats of Mounting Corporate Debt

The banking sector is on alert after the emergence of increased credit risk in the corporate segment. In order to mitigate the decline in credit quality, banks are scrambling to form adequate reserves. Additionally, efforts to provide credit relief or restructuring to corporations affected by the pandemic will continue.