Markets and Finance
Indonesia’s push for DME faces economic hurdles: Expert
An analyst has questioned the feasibility of President Prabowo Subianto’s instruction to the National Energy Resilience and Downstream Task Force to revive coal gasification of dimethyl ether (DME) projects in Sumatra and Kalimantan, which is aimed at reducing Indonesia’s reliance on liquefied petroleum gas (LPG) imports is questionable.
World Bank highlights Indonesia's low tax revenue
The World Bank has highlighted Indonesia's low tax revenue performance − apparently the lowest in the world − in a report entitled "Estimating Value Added Tax (PPN) and Corporate Income Tax (PPh) Gaps in Indonesia" released on March 2, 2025.
MedcoEnergi buys back 407 million shares, prepares US$50 million in funds
PT MedcoEnergi Internasional (IDX: MEDC) has announced the plan to buy back 407 million shares, or equivalent to 1.62 percent of the issued and fully paid capital within the next three months after the disclosure of information submitted on Tuesday, March 25, 2025.
Energi Mega Persada reports improved financial performance in 2024
PT Energi Mega Persada (EMP) recorded a solid financial performance in 2024, reporting an 11 percent increase in net sales from US$420.8 million in 2024 to US$467.4 million in 2024, a 5 percent rise in EBITDA from US$265.7 million in 2023 to US$278 .9 million in 2024, and a 10 percent growth in net profit from US$68.4 million in 2023 to US$75.4 million in 2024.
Danantara formally announces Boards of Directors, Advisors
The Daya Anagata Nusantara Investment Management Agency (BPI Danantara) has officially announced its boards of directors and advisors, bringing in a number of global figures in the organizational structure, including Founder of the Bridgewater Associates Hedge Fund Ray Dalio and former Prime Minister of Thailand Thaksin Shinawatra.
DSSA books strong financial performance, adds investment in sustainable sectors
Mining, energy, chemicals and technology company PT Dian Swastatika Sentosa (DSSA) booked consolidated revenue of US$3 billion for 2024, reflecting solid performance amid global industry dynamics.
BI purchases Rp70.74 trillion in government bonds to stabilize rupiah
The Indonesian Central Bank (BI) noted that it has purchased government securities (SBN) worth Rp70.74 trillion (US$4.3 billion) to maintain the stability of the rupiah exchange rate. SBN purchases have been particularly intensive in the past month.
BI maintains interest rate at 5.75 percent amidst market turmoil
The Indonesian Central Bank (BI) has decided to maintain its benchmark interest rate at 5.75 percent in the March 2025 Board of Governors Meeting (RDG) as an effort to maintain the stability of the rupiah exchange rate and anticipate the continuing high global uncertainty.
Analyst expounds trading halt phenomenon at IDX, IHSG Crash on Tuesday
The Indonesia Stock Exchange (IDX) temporarily halted trading on Tuesday, March 18, 2025, at 11:19:31 Jakarta time after the IHSG fell 5 percent.
OECD sees Indonesia's economic growth projection down to 4.9 percent
The Organisation for Economic Cooperation and Development (OECD) has cut its projection for Indonesia's economic growth this year from 5.2 percent to 4.9 percent, while next year's projection is predicted to lower from 5.1 percent to 5 percent.
I am here, and will not resign: Sri Mulyani
Minister of Finance, Sri Mulyani Indrawati, has confirmed that she is not resigning from her position, a response to rumors circulating on social media after Sri Mulyani met with President Prabowo Subianto at the State Palace on Wednesday, March 12, 2025.
I Squared Capital, Macquarie vie for US$1 B stake in Indosat's fiber optic business
I Squared Capital and Macquarie, a global asset manager, are said to be competing to acquire a stake in the fiber optic business of PT Indosat (ISAT) or Indosat Ooredoo Hutchinson (IOH), which is estimated to be worth up to US$1 billion (Rp16.43 trillion).