Markets and Finance
MedcoEnergi completes US$461.52 M bond buyback, launches new US$400 M notes
Oil and gas company PT Medco Energi Internasional (MEDC) has approved a final dividend payout of US$37.95 million during its Annual General Meeting of Shareholders (AGMS) on Tuesday, June 3, 2025, raisingthe company’s total dividend distribution for the 2024 fiscal year to US$63.29 million.
Indonesia eyes seaweed-based biofuel as key to US$12 B green economy
Indonesia is setting its sights on seaweed downstreaming as a strategic measure toward building a green energy economy, with the potential to turn the marine commodity into third-generation biofuel.
Sumitronomics approach seen as key to boosting RI's sustainable economic growth
A senior economist expresses his belief that economic principles of "Sumitronomics" could play a vital role in accelerating Indonesia's economic growth, citing that many ideas from Indonesia’s renowned economic thinker, Sumitro Djojohadikusumo, remain highly applicable in today's context.
Paylater and online loans surge to over Rp110 T during Idul Fitri
The value of buy now, pay later (BNPL) debt in Indonesia reached Rp29.59 trillion (US$1.8 billion) in April 2025, coinciding with the Idul Fitri holiday season, while outstanding online loans (known as pinjol) soared to Rp80.94 trillion, according to the Financial Services Authority (OJK).
RI’s manufacturing PMI rises slightly to 47.4 in May, but sector still in contraction
Indonesia’s manufacturing sector remained in contraction territory in May 2025, despite a modest improvement in activity, with rating agency S&P Global revealing the country’s Manufacturing Purchasing Managers’ Index (PMI) rose slightly to 47.4, up from 46.7 in April, − a signal of ongoing economic pressure in the sector.
RI launches first local CT scan factory, aims for global reach in medical tech
Indonesia has inaugurated its first domestically assembled Computed Tomography (CT) scanner production facility − a collaborated manufacturing between global medical technology giant GE HealthCare and Indonesian pharmaceutical firm Kalbe Farma.
Danantara-Crédit Agricole CIB partner to speed up sustainable investment in RI
Indonesia’s sovereign investment body, Daya Anagata Nusantara (Danantara), has set up collaboration with French investment bank Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) for the acceleration of investments across several key sectors in Indonesia, with a strong emphasis on renewable energy.
RI-France partner to boost nickel downstream industry for EV ecosystem
The Investment Management Agency Daya Anagata Nusantara (Danantara) and Indonesia Investment Authority (INA) have signed a strategic cooperation agreement with French mining giant Eramet for the management and processing of critical minerals, particularly nickel, to support the development of a sustainable electric vehicle (EV) ecosystem in Indonesia.
Football club Persib Bandung eyes IPO in early 2026
Indonesia’s most decorated football club, Persib Bandung, is preparing to make history by becoming one of the second professional football teams in the country to go public. The club has announced plan to launch an Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX) in early 2026, marking a significant milestone in both sports and financial markets.
Gold prices volatile amid U.S. fiscal concerns, geopolitical tensions: Analyst
Gold prices (XAU/USD) exhibited heightened volatility throughout the week, driven by escalating geopolitical tensions, shifting U.S. fiscal dynamics, and mixed economic data, an analyst says.
OJK unveils strategic policies to strengthen Indonesia's insurance sector
The Financial Services Authority (OJK) has outlined four strategic policy directions aimed at strengthening the national insurance industry as well as emphasizing financial health, efficiency, and consumer protection.
ESDM ministry: CCS business potential to drive economic growth
The Ministry of Energy and Mineral Resources (ESDM) has continuosly disseminated the importance of developing Carbon Capture and Storage (CCS) technology in line with the global push to reduce CO2 emissions and the increasingly promising business opportunity and its considerable impact on the country’s economic growth