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Tech giant PT GoTo Gojek Tokopedia has remained under intense public scrutiny throughout 2025. Entering the second quarter amid mounting investor pessimism and slowing revenue growth, GoTo's share price plunged by 24 percent in May — from Rp 85 per share at the end of April to Rp 64 at the end of May. The company's troubles deepened further in July when it became indirectly implicated in the corruption investigation involving former Education Minister Nadiem Makarim and the alleged misuse of Merdeka Belajar digital-procurement funds. Then, the law enforcement conducted a search of of GoTo's office that led them to discover yet another controversy involving GoTo.
President Prabowo Subianto, who often arrives at the presidential office in a locally produced Maung vehicle, has renewed his promise to create Indonesia's first official national car within the next three years. Whether he can succeed where his predecessors failed remains uncertain, as both Soeharto and Joko "Jokowi" Widodo saw their own national car dreams fade due to political and economic missteps.
State-owned telecommunications giant PT Telkom Indonesia (Telkom) has faced tough competition in the government's bidding for broadband wireless access (BWA) rights on the 1.4 gigahertz (GHz) frequency spectrum. The government intends to use this frequency to deliver fast and affordable household internet—targeting 20 million homes with minimum speeds of 100 Mbps and monthly fees of around Rp100,000. As it turns out, Telkom lost bids in all three regions across Indonesia, with the winners being companies affiliated with President Prabowo Subianto 's brother, Hashim Djojohadikusumo, and the Sinar Mas Group conglomerate.
The latest Constitutional Court (MK) ruling ordering the House of Representatives to ensure a minimum of 30 percent women representation in all its internal bodies sounds progressive, but implementing it could be a challenge when women make up only 22 percent of all 580 House members.
Economic Economic experts are increasingly pessimistic about Indonesia's economic outlook during President Prabowo Subianto's first year in office, according to a recent survey of 64 economists from diverse institutional backgrounds. Although sentiment improved in the second semester compared to the first, expectations for economic growth remain subdued, while inflationary pressures and labor-market challenges persist.
Indonesia has successfully completed the issuance of its first-ever government bonds (SBN) denominated in Chinese renminbi, executed through offshore dim sum bonds. The issuance forms part of the government's strategy to diversify funding sources for the state budget. It follows earlier foreign-currency SBN issuances in 2025, including those denominated in Japanese yen (samurai bonds) and Australian dollars (kangaroo bonds). The debut of dim sum bonds coincided with a downward revision of the government's SBN issuance target for the fourth quarter of 2025.
Finance Minister Purbaya Yudhi Sadewa is turning his attention to Indonesia's booming illegal thrift trade, an enduring challenge that persists despite years of government crackdowns. Thrifting is deeply rooted in Indonesian culture, not only as a fashion statement but also as a way for many to make ends meet. Yet, Purbaya's latest move signals a renewed determination to protect the domestic textile and garment industry, which continues to struggle against a flood of cheap, second-hand clothing imports.
