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Indonesian Chamber of Commerce and Industry (Kadin) Riau Islands Province is strengthening its investment expansion strategy by building direct connections with the Indonesian business community in Europe.
Uncertainty continues to surround Indonesia’s latest trade breakthrough as President Prabowo Subianto and United States President Donald Trump prepare to formalize the Agreement on Reciprocal Trade (ART) on Thursday, following their attendance at the first US-led Board of Peace meeting a day earlier. The framework unveiled in July 2025 sets a 19 percent tariff on Indonesian exports to the US market, a rate the Indonesian government portrays as a major diplomatic victory despite its magnitude. Yet it remains unclear whether the July framework represents the final terms to be signed or whether negotiations are still unfolding behind closed doors.
Following the resignation of the Financial Services Authority (OJK) chairman and deputy chairman, the government has formed a selection committee to seek the best candidates to lead the OJK and restore investor confidence after market turmoil triggered by Morgan Stanley Capital International (MSCI)’s interim freeze of its February review of Indonesian stocks. The pressing question is whether any candidate will be capable of rebuilding market trust.
The Riau Provincial Government hosted a visit from the Japanese Consulate General in Medan as part of its efforts to strengthen cooperation and open up investment opportunities in various strategic sectors.
Once synonymous with controversy and stagnation, Meikarta has resurfaced on Indonesia’s national housing agenda. The government plans to repurpose the site for subsidized vertical housing for low-income households, with around 30 hectares (ha) of Lippo Group-owned land reportedly provided “for free”. The arrangement raises broader questions about transparency and whose interests the policy ultimately serves.
Several companies have come under scrutiny following global index provider MSCI’s decision to temporarily freeze Indonesia’s February review, citing concerns over market accessibility and transparency. In response to the announcement, the Financial Services Authority (OJK) and the Indonesia Stock Exchange (IDX) have stepped up due diligence and trading surveillance to address potential vulnerabilities. As this closer monitoring unfolds, it has brought renewed attention to sharp and unexplained price movements in several counters, most notably PT Sanurhasta Mitra (MINA), which had previously been flagged for unusual market activity.
On many occasions, President Prabowo Subianto has publicly stated that he welcomes criticism of his administration, emphasizing that governments require critical feedback, even when it is uncomfortable. Yet the situation on the ground suggests a paradoxical reality: criticism may be welcomed in rhetoric, but its public expression appears increasingly constrained.
