Redaktur ekonomi Majalah Tempo. Meliput isu ekonomi dan bisnis sejak 2013. Mengikuti program “Money Trail Training” yang diselenggarakan Finance Uncovered, Free Press Unlimited, Journalismfund.eu di Jakarta pada 2019. Alumni Universitas Negeri Yogyakarta.
Konten
Cutting Corners
Bukalapak’s finances are improving. The company is not yet making profit but is curbing its losses by lowering marketing cost.
Cover Story Edisi : Monday, 2 August 2021
The Red Lion's New Blood
The Kirana family builds a new airline, Super Air Jet. They are racing against time to pay off the mounting debts debilitating the Lion Air Group.
Economy Edisi : Monday, 26 July 2021
One Down, Three to Frown
Telkom could lose its investment in Tiphone Mobile Indonesia, a company on the verge of bankruptcy. New problems raise back suspicions over a peculiar transaction made seven years ago, involving the Sinar Mas Group.
Economy Edisi : Monday, 19 July 2021
The Palace’s Hands in KADIN’s Chair Election
Election for the Indonesian Chamber of Commerce and Industry chairman turned heated. The Palace’s alleged support for one of the candidates puts pressures on voters.
Cover Story Edisi : Friday, 11 June 2021
Crypto Trading Can Be Misused if Not Regulated
Crypto assets become increasingly popular in Indonesia. In four months alone, from January to April, their transaction value reached Rp237 trillion, or a fourfold increase from throughout 2020. At least 5.6 million Indonesians now own various digital coins. Bappebti Chair, Indrasari Wisnu Wardana, explains his institution’s position regarding the new, largely unregulated market.
Cover Story Edisi : Monday, 24 May 2021
The Season for Cryptocurrency
Millions of Indonesians are betting trillions of rupiah on cryptocurrency. Unpredictable fluctuations do not seem to deter those hoping to make quick profit.
Cover Story Edisi : Monday, 24 May 2021
Appropriate Timing for Delayed Digital Migration
The communication and informatics ministry has announced the result of the multiplexing (mux) organizers’ selection process. However, a number of private television broadcasters protested it. Communication and Informatics Minister Johnny Gerard Plate spoke to Tempo’s Khairul Anam.
Economy Edisi : Monday, 17 May 2021
The Long Wait for Digital TV
The government decides on who will execute multiplexing in 22 provinces. The battle will continue until the migration deadline onto digital broadcasting in November 2022.
Economy Edisi : Monday, 17 May 2021
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.
Economy Edisi : Monday, 3 May 2021
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.
Economy Edisi : Monday, 26 April 2021
Indonesia’s Silicon Valley in Cikidang
Politician Budiman Sudjatmiko promises to build a tech complex called the Bukit Algoritma, or Algorithm Hill. Touted to be the Silicon Valley of Indonesia, the new project means to attract investors to the currently neglected Sukabumi Special Economic Zone.
Cover Story Edisi : Monday, 19 April 2021
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.
Economy Edisi : Monday, 12 April 2021
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.
Economy Edisi : Monday, 5 April 2021
Jokowi’s Announcement and Jokowidjaja’s Role
In early March, the government signed a rice import MoU with Thailand. There is belief that a Thai businessman from Indonesia was involved.
Cover Story Edisi : Monday, 29 March 2021
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.
Economy Edisi : Monday, 22 March 2021
Fees for the 8th Floor
Askrindo is implicated in another corruption allegation. The company's board of directors are suspected of collecting money from the fees for insurance sales agents.
Economy Edisi : Monday, 8 March 2021
I Was Dragged In, But I Do Not Withdraw
Arifin Wiguna, the President Commisioner of Dini Nusa Kusuma explains some difficulties his company experienced in their effort to finance a satelite project for the 123 degrees east longitude orbital slot. But he is confident that the fund will come very soon.
Cover Story Edisi : Monday, 1 March 2021
A Message from General Scotch
The satellite project to fill the 123 degrees east longitude orbital slot came to a standstill. Signs of problems in the tender three years ago emerged amid the absence of potential investors.
Cover Story Edisi : Monday, 1 March 2021
Chevron's Successor
Negotiations between Chevron and Italy’s Eni in the Indonesia Deepwater Development project is scheduled to finish in the first quarter of 2021. Even if the transition is done according to plan, first production targets are expected to be late.
Economy Edisi : Monday, 15 February 2021
The Mystery of SJ-182 Flight
The aviation authorities discussed a number of factors related to the crash of Sriwijaya Air Flight SJ-182. The pilot was profiled and new information about suspected damage to the plane was examined.
Economy Edisi : Monday, 18 January 2021
The Nickel King Ambition
The government is making plenty of efforts to attract investment in battery manufacturing, chasing the ambition to become a major player in the global electric car industry. State-owned energy companies are consolidated to serve as partner of global investors with interests in Indonesia’s nickel reserves.
Economy Edisi : Monday, 11 January 2021
Playing Against the World
The ongoing pandemic is a blessing in disguise for subscription-based video platforms. Local service providers are going after niche market to compete and survive amid the dominance of global players.
Economy Edisi : Monday, 4 January 2021
Tobacco’s Winding Road Map
The battle between health advocates and tobacco supporters is intensifying as the deadline for setting excise duties is approaching. Tobacco products’ industrial road map is still stuck at the ministerial level. The ministry of national development planning went ahead with conducting studies.
Economy Edisi : Tuesday, 22 December 2020
Cheap Gas, Heavy Cost
The government is preparing a cooperation scheme with private companies to finance the gas pipeline project in replace of LPG. PGN and other business entities are innovating commercially.
Economy Edisi : Monday, 14 December 2020
Big money to Spend
The government aims to accelerate the downstream process of coal products through development schemes. High costs and market uncertainties prompt entrepreneurs to prepare proposals for utilization patterns.
Economy Edisi : Tuesday, 1 December 2020
Japanese Port Project in West Java
The consortium under Chairul Tanjung is one step away from being the operator of the Patimban Port. Pelindo II’s ambitions were crashed long before the bidding began.
Economy Edisi : Monday, 23 November 2020
Trails of Corruption in Asabri
Finance and Development Supervisory Agency’s audit exposes the actors behind Asabri’s investment fund corruption. IT implicates Prominent figures.
Cover Story Edisi : Tuesday, 10 November 2020
State Money, Private Management
The establishment of the Indonesia Investment Authority is just a matter of waiting for government regulations. It is the key product of the omnibus law, expected to be a vehicle for foreign investors to put in money in the country.
Economy Edisi : Monday, 26 October 2020
The Staging of the Baddie and the Goodie
The government will rescue Jiwasraya with insertion of state capital. Other plans are in the books to bridge the limited funds.
Economy Edisi : Monday, 19 October 2020
Part Tax Haven
Revisions to tax laws were inserted during the Job Creation Bill’s deliberation process. It provides many tax leniencies.
Cover Story Edisi : Monday, 12 October 2020
Revisiting an Old Plan
Telkom’s old plan to purchase Gojek shares is close to reality. After past failure, the trillions-of-rupiah corporate action will be performed through Telkomsel. But uncertainty regarding the fate of the investment looms.
Cover Story Edisi : Monday, 5 October 2020
Of Catfish Pond and Old Agreements
The government seeks to turn old assets into money. But the fate of premium assets, such as Hotel Sultan, Taman Mini Indonesia Indah, and Plaza Semanggi, remains a mystery.
Economy Edisi : Monday, 28 September 2020
Importers’ Sweet Promises
Thousands of tons of farmers’ sugarcane are piling up in factories owned by the state. They are chasing after importer’s promise.
Economy Edisi : Tuesday, 22 September 2020
Two Drafts, One Head
Parliament is coming out with plan to discuss revising law on the Bank Indonesia, which many fear will erode the central bank’s independence. It seems to be heavily favoring the government.
Economy Edisi : Monday, 7 September 2020
State Courier Business
A state-owned enterprise in the transportation sector is trying its luck in the courier business, taking advantage of its idle fleet.
Economy Edisi : Monday, 31 August 2020
Additional Quota for Japfa
As the price of chicken falls at the poultry farm level, the agriculture ministry approved a proposal from Japfa to increase the import quota for breeding stock. Their lobby began with the minister’s son.
Economy Edisi : Monday, 17 August 2020
Recycled Food Estate Project
President Joko Widodo is planning to build an integrated food center in an area formerly the location of the one-million-hectare rice project in Central Kalimantan. The atmosphere is growing tense both within and outside the government
Cover Story Edisi : Monday, 10 August 2020
Huge Discounts, Going Rural
PLN’s electricity sales nosedived due to the pandemic. It is now intensifying discounts and expanding its markets.
Economy Edisi : Monday, 3 August 2020
Stuck Between Four Giants’ Loans
The OJK urges Mayapada to increase capital or reshuffle its controlling shareholders. There are suspicions that this was the impact of an alleged violation of prioritizing jumbo loans for owner’s colleagues.
Economy Edisi : Tuesday, 14 July 2020
I Guard This Bank With My Life
Bank Mayapada Internasional Chief Commissioner, Tahir
Economy Edisi : Tuesday, 14 July 2020
The Season for Larvae Hunters
The export wave for lobster larvae has begun. Some exporting companies are affiliated with political party officials and former smugglers.
Cover Story Edisi : Monday, 6 July 2020
Relying on the Stock Exchange
The reorganization of Pertamina is being accompanied by a plan to make IPOs. There are other intentions at play aside from the transparency and accountability of state-owned companies.
Economy Edisi : Monday, 29 June 2020
Bosowa-Kalla’s Last chance
Bosowa Corporation is attempting to maintain control over Bank Bukopin, which is one step away from being handed over to Kookmin Bank. Due to Bank Bukopin’s worsening liquidity, it has become increasingly urgent to inject more capital into the bank. Bukopin’s chronic illness came to the surface due to loan issues with companies affiliated with the Kalla group and Bosowa.
Cover Story Edisi : Tuesday, 23 June 2020
WE DO NOT SUBSIDIZE PALM OIL COMPANIES
CEO of Indonesian Oil Palm Plantation Fund Management Agency, Eddy Abdurrahman
Economy Edisi : Tuesday, 16 June 2020
From Companies for Corporations
The distribution of plantation funds for rejuvenating individually-owned oil palm trees has been chaotic. It pales in comparison to the amount of money given to the biodiesel program.
Economy Edisi : Tuesday, 16 June 2020
Cheap Loans for Survival
The governmentis providing bailout amounting to Rp19.65 trillion to SOEs impacted by Covid-19. Some are considered futile.
Economy Edisi : Tuesday, 9 June 2020
The Digital Sector’s Triumph
The digital approach is believed to be the key to doing business in the ‘new normal’ era. The banking sector may be most prepared.
Cover Story Edisi : Tuesday, 2 June 2020
debt restructuring
Private and state-owned companies are in a race to restructure their debts due to the waning economy. The government anticipates limited liquidity in financial institutions.
Economy Edisi : Tuesday, 19 May 2020
Poor Aid Database and distribution
The central and regional governments have begun distributing social aid for those impacted by the Covid-19 pandemic. But the disordered database of recipients has resulted in improper aid distribution. Losses may be suffered by the state.
Cover Story Edisi : Tuesday, 5 May 2020
Lots of Oil, No Tanks
In order to take advantage of sagging prices, Pertamina plans to buy oil in bulk. The problem is where to store it.
Economy Edisi : Tuesday, 28 April 2020
Short-cutting Budgeting Procedures
The act of using presidential regulations to make drastic changes to the state budget is seen as a violation to the constitution.
Economy Edisi : Tuesday, 21 April 2020
Home-Shopping and Employees Put on Leave
Numerous modern retail workers have been laid off. Department stores are hit worst.
Cover Story Edisi : Tuesday, 14 April 2020
Budgeting in the Time of Coronavirus
The discussion on the provision plan to bring in Covid-19 rapid test kit protracted. Many distributors offer various imported brands.
Cover Story Edisi : Tuesday, 7 April 2020
Piles of Waste Problems
The KPK recommended that the government revise its waste power generating projects. They are considered as merely profiting investors and burdening the state budget.
Economy Edisi : Tuesday, 31 March 2020
A Soft Yet Lethal Blow
Economists calculated that the corona pandemic will culminate in a global economic crisis. The government and the central bank are preparing rescue strategies.
Economy Edisi : Tuesday, 24 March 2020
Bakrie Under the Loop, Auditors Split
The BPK discovered suspicious investments from Asuransi Jiwasraya in shares of the Bakrie Group. However, this may not be included in the conclusion of the investigation.
Economy Edisi : Tuesday, 10 March 2020
Palapa Ring’s broken Promises
The promise of fast and cheap Internet access in outer regions through the Palapa Ring has yet to materialize. The stumbling block is connecting the Internet to the optic fibre cable network.
Economy Edisi : Tuesday, 3 March 2020
Double trouble
The formulation of a regulation that will legitimate the hand-over of pension insurance management to BP Jamsostek is stuck at the administrative and bureaucratic reform ministry. The debate heats up at the Constitutional Court’s hearing.
Economy Edisi : Monday, 24 February 2020
Another Insurance Scandal
After Jiwasraya and Asabri, it is now Taspen’s turn to fall under scrutiny for its investments management. A subsidiary once had troubles with bad bonds transaction.
Economy Edisi : Tuesday, 18 February 2020
Tardy Import Permit
Industrial and consumer sugar prices soared following scarce supply. The cause is believed to be delays in import permits from the trade ministry.
Economy Edisi : Tuesday, 18 February 2020
Broadcasters Awaiting Migration
Discussion over revision of the broadcast law is restarted from the beginning. The old scheme of migrating television from analog to digital is still hanging in the balance.
Economy Edisi : Tuesday, 11 February 2020
Asabri’s Hollow Investments
Asabri’s investment management is believed to be problematic. These issues have already been detected for a while, involving the same actors as those in the Jiwasraya case.
Economy Edisi : Wednesday, 15 January 2020
Clawing Over Crustacean Cash
Minister Edhy Prabowo plans to change regulations on lobster passed during the time of his predecessor, Susi Pudjiastuti. Some business owners are lobbying him.
Economy Edisi : Tuesday, 7 January 2020
Why Fewer International Tourists?
Indonesia failed toreach its target for international tourist arrivals. Expensive domestic flights contributed to this.
Economy Edisi : Monday, 30 December 2019
high Price for State Electricity
The energy ministry seeks ways to increase portion of renewable energy electricity mix by changing the purchase price. Businesses love it, but not PLN.
Economy Edisi : Monday, 23 December 2019
Erick’s Power Plans
Erick Thohir’s planned restructuring of state electricity company PLN has been relatively drama-free. The minister also plans to transform the SOE’s business model, which he believes is too focused on power plant projects. Private power producers launch old complaints.
Cover Story Edisi : Tuesday, 17 December 2019
Revision Complications
Discussion on the revision to Coal and Mineral Mining Law is back on track. It still contains a planned elimination of a provision regulating coal mining company work area reduction.
Economy Edisi : Monday, 9 December 2019
Medan Merdeka’s Dual Agenda
Erick Thohir removed all echelon I officials in the SOEs ministry. The ministry’s organizational structure is streamlined to create a bureaucracy with a so-called corporate feel. But the restructuring was also triggered by another mission that was kept secret from the public for a while, namely the mission to eliminate positions trading at state-owned companies. The palace has known about this suspicion for some time.
Cover Story Edisi : Tuesday, 26 November 2019
Troubles in Jababeka
Jababeka’s management feud has gone on to the courts. Among irregularities are mutual fund investments that allegedly violated regulations.
Economy Edisi : Monday, 11 November 2019
From Swiss to Taiwan
Global suppliers of electric car batteries start flocking in. Eco-friendly vehicle charging stations are expected to pop-up in Indonesia.
Economy Edisi : Monday, 4 November 2019
Three’s Company and Cars of the Future
After completing Vale’s divestment, Inalum joins hand with Pertamina to venture into the car battery industry, collaborating with Toyota Indonesia.
Economy Edisi : Tuesday, 29 October 2019
Farewell Pepsi
Indofood will no longer produces and markets Pepsi in Indonesia, but the beverage industry is optimistic that Pepsi will soon return.
Economy Edisi : Tuesday, 15 October 2019
Senayan’s Seat in Pejompongan
Political parties’ members dominate BPK’s new members. A number of parties reshuffled their members in the Financial Commission to pave ways for their candidates.
National Edisi : Tuesday, 1 October 2019
Miners’ Winding Road
The acceleration of nickel export ban is met with strong rejection. Miners complain to parliament and the State Intelligence Agency.
Economy Edisi : Tuesday, 17 September 2019
On soeS’s Chopping Board
Suprajarto’s shift from BRI CEO to BTN’s sparked controversy after he refused his appointment. This opens up competition among state-owned banks.
Economy Edisi : Tuesday, 10 September 2019
Speculators’ Chances in The Land of Hope
Land hunters flock to Kalimantan despite not knowing the exact coordinates for the new capital city. The area is surrounded by concessions of industrial forests and mines.
Economy Edisi : Monday, 2 September 2019
Waste in Containers
Recycling businesses using imported plastic are threatened with closure as their raw material is held up. The majority of recycled products are aimed for the export market.
Economy Edisi : Tuesday, 27 August 2019
The Perils of Deferred Maintenance
Power plant maintenance was postponed due to elections. Maintenance budget was cut.
Cover Story Edisi : Tuesday, 13 August 2019
Hot Ball in the Finance Commission
Twenty eight candidates did not make it pass the first round. DPR leaders call for a re-selection.
Economy Edisi : Tuesday, 6 August 2019
The Social Security Pandora Box
The anti-graft commission recommends that social security for non-permanent employees should still be managed by the Workers Social Security Agency. The push and pull is now entering a new chapter.