• The Fight for Survival

    The Fight for Survival

    The textile industry is hit by the pandemic. Big factories are stricken in debt, while the smaller ones are not getting orders.

  • Textile King’s Tangled Web of Debts

    Textile King’s Tangled Web of Debts

    Sritex is entangled in debts of up to Rp17 trillion. Its debt restructuring chaos has even reached legal courts.

  • Capturing Clean Energy

    Capturing Clean Energy

    The potential for developing new and renewable energy remains wide open. An ecosystem is required to optimize clean energy in the country.

  • A Hard Time Quitting the Debt Addiction
  • Pledge of Alliance

    Pledge of Alliance

    Gojek and Tokopedia are preparing for a merge, to create a new company to serve as a parent for the two Indonesian giant startups. There is pressure from investors who have been thirsty for profit.

  • Debt that Becomes a Drag on Growth
  • Competitor's Flight to Nasdaq

    Competitor's Flight to Nasdaq

    Grab is preparing a scenario to list in Nasdaq, aiming for a proceeds of Rp65 trillion to fund its ambition to become Southeast Asia’s number one super app.

  • A New Risk amidst Economic Recovery
  • Low Tourism, Slow Economy

    Low Tourism, Slow Economy

    Central tourism regions are having a hard time recovering after the pandemic struck. New problems emerged in other sectors of the economy.

  • The Dream of Cinema’s Recovery

    The Dream of Cinema’s Recovery

    National film business is still reeling from the impact wrought by the Covid-19 pandemic. The government is campaigning for moviegoers to return to cinemas to help the industry recover.

  • Back to Live

    Back to Live

    The government and event organizers are preparing to bring back live music performances in times of a pandemic. It has been a long and winding road towards the revival of tourism.

  • Budget Discipline under Threat
  • The Megaproject Contractor’s Burden

    The Megaproject Contractor’s Burden

    The Balongan refinery exploded when the refurbishment project had just started. It became a new problem for Pertamina amidst other difficulties in running the refinery mega project.

  • The Smell of Gasoline across the Refinery

    The Smell of Gasoline across the Refinery

    Leakage of the T-301G tank is believed to be the cause of a big fire at the Balongan refinery. The management ignored community reports on strong gasoline smell prior to the fire. Losses are estimated in the trillions of rupiah.

  • An Important Lesson from Turkey
    Market Pulse

    An Important Lesson from Turkey

    The lesson from Turkey is clear. Central bank’s independence is the anchor of market confidence. If Indonesia does not want to share the same fate as Turkey and lose its credibility, the government needs to immediately figure out, one way or another, how to reduce its budget deficit.

  • Fueled by Pipe Purchase

    Fueled by Pipe Purchase

    The government overhauled the directors of a Pertamina subsidiary. The decision came after a procurement of refinery project's goods, which was considered not meeting the domestic component requirements.

  • Catch Me If You Can

    Catch Me If You Can

    The police named Sadikin Aksa, former Bosowa Corporindo CEO, as a suspect in a banking fraud case. It is regarded as a backlash against Bosowa's victory in court.

  • Bond’s Danger Signal
    Market Pulse

    Bond’s Danger Signal

    Inflation in the US, which might trigger an interest rate hike by the Fed and reduced liquidity injection, is becoming the biggest fear of emerging markets, including Indonesia. Investor’s money which has been anchored here might just return home, in great numbers and fast.

  • Survival Mission

    Survival Mission

    The government sets out to release new antidumping policies and national standards for steel products, in response to local industries' complaints against the onslaught of imported goods.


  • The Mysterious Letters

    The Mysterious Letters

    The letter of exemption from the trade ministry, owned by a number of steel importers, raised suspicions. Looking into several old government projects, the letter is suspected to have been used as cover-up allowing dozens of containers of steel to be imported without verification.

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