A potentially widening budget deficit amid soaring global oil prices has prompted Finance Minister Purbaya Yudhi Sadewa to explore alternative revenue sources, including export duties on nickel and coal, commodities that are currently benefiting from relatively strong price trends. The push for rapid revenue mobilization, however, appears to be running ahead of sectoral readiness.

Gold miner Agincourt Resources, part of diversified conglomerate Astra International, was recently given the go-ahead from the Environment Ministry and the Energy and Mineral Resources Ministry to resume operations at its Martabe gold mine in North Sumatra, following an earlier sanction over alleged environmental breaches. However, reports reveal that neither ministry had ever issued a decree to formally revoke Agincourt’s business permits.

The government has beaten speculators and hoarders by announcing that it will not increase domestic gasoline prices, a move that has made Indonesia a regional outlier when neighboring countries have hiked theirs in response to soaring global oil prices.

President Prabowo Subianto is hardly known for his commitment to human rights, not since taking up the presidency in October 2024 and certainly not during his Army years. He rarely addresses the issue in public, delegating it instead to his Human Rights Minister Natalius Pigai to answer questions on the topic.

Surging global oil prices and tightening domestic fuel supplies have thrust Indonesia’s long-running electrification agenda back into the spotlight. Policymakers are increasingly portraying the shift, especially in the motorcycle sector, as the most practical and immediate way to curb fuel consumption. As part of this, the government is raising targets for its electric motorcycle conversion program, aiming to gradually electrify more than 120 million gasoline-powered motorcycles nationwide.

President Prabowo Subianto has utilized the Lebaran (Idul Fitri) holiday to maintain his ties with key political figures, including Megawati Soekarnoputri, chairwoman of the Indonesian Democratic Party of Struggle (PDI-P). As the only major party that has not formally declared support for his administration, Megawati’s potential backing represents the “One Piece”: the final element needed for Prabowo to fully consolidate his leadership, an outcome he has long pursued.

Garuda Indonesia continues to face deep financial distress, recording a net loss of US$319.39 million (Rp 5.2 trillion) in 2025, nearly five times larger than its 2024 loss. The recurring deficit has raised serious concerns, particularly as the flag carrier received a substantial capital injection of US$1.42 billion from state asset fund Danantara last year to stabilize its operations. Despite this financial support and multiple leadership changes, the national airline has yet to return to profitability, underscoring persistent governance challenges that have plagued it for years.