A visitor takes photos on Feb. 2, 2026, of a digital screen showing the movement of the Composite index at the Indonesia Stock Exchange (IDX) in South Jakarta. The Composite index fell 442.44 points, or 5.31 percent, to 7,887.16 in the first trading session, while the LQ45 index of 45 leading stocks dropped 33.16 points, or 3.98 percent, to 800.37.`

Deepening markets or deepening risk? Rethinking the 20% equity rule

Doubling the equity limit for insurers and pension funds to 20 percent from currently 8 percent can be either a bold boost for market stability or a dangerous gamble with institutional solvency. However, "flexibility" might be a double-edged sword that threatens to undermine asset-liability matching and trigger a capital-requirement crisis.

17 minutes ago

Opinion premium

Analysis: Prabowonomics and the political economy of scale

After “greedynomics”, a new label has entered Indonesia’s political–economic vocabulary: “Prabowonomics”. The term made its global debut at the World Economic Forum, where President Prabowo Subianto presented it as the guiding framework for Indonesia’s economic trajectory. While narratives can be curated for international audiences, economic outcomes cannot be scripted. The central question is therefore not how persuasive the narrative sounds, but whether Prabowonomics reflects genuine structural progress or merely repackages ambition and political symbolism in the absence of measurable results.

24 minutes ago

Editorial premium

Trump’s $1b levy

While the Prabowo government may seek to avoid economic "punishment" through proximity to the Trump administration, our national dignity and strategic independence are at stake.

1 hour ago

The Latest

A teller shows US dollar and rupiah banknotes at a foreign currency exchange counter in Jakarta on May 15, 2025.

Academia

Dollar risk premium is rebuilding

The year is already so jarring that many in markets barely have time to digest one seismic news event from Washington before another one hits. But a dollar risk premium appears to be rebuilding regardless, most clearly in last week's sudden swoon.

19 hours ago

India's Prime Minister Narendra Modi (center), European Commission President Ursula von der Leyen (right) and European Council President Antonio Costa hold hands for a photograph on Jan. 27, 2026 prior to their meeting at the Hyderabad House in New Delhi.

Academia

What the EU–India deal means for global trade

The deal will affect a combined population of 2 billion people across economies representing about a quarter of global GDP.

20 hours ago

Indian Prime Minister Narendra Modi (right) welcomes President Prabowo Subianto on Jan. 25, 2025, at Hyderabad House in New Delhi.

Academia premium

Indonesia Open Network: A new paradigm for an inclusive digital economy

ION, Indonesia's digital public infrastructure initiative, is set to not just revolutionize domestic e-commerce but also position the country as a leader among emerging economies.

21 hours ago

A student receives a diphtheria vaccine shot at an Islamic elementary school in Banda Aceh on Nov. 21, 2023.

Academia premium

Financialization will not improve global health

This new architecture distorts the risk landscape in ways that socialize losses, while privatizing profits and control.

22 hours ago

An employee displays United States dollar banknotes at Bank Syariah Indonesia in South Tangerang, Banten, on Jan. 21, 2026.

Academia premium

Global panic at our doorstep: Can Indonesia weather the next storm?

Indonesia must brace for a global liquidity storm of historic proportions. With the traditional "central bank put" now missing, the nation's survival depends on fortifying its economic ship before the waves of capital flight reach our shores.

23 hours ago

interview

premium

interview premium

NU must transform to navigate uncertain world order: Chairman Yahya

This aerial photo shows people climbing debris, on Dec. 9, 2025, to cross the river on a newly built bridge, connecting Aceh and North Sumatra province, after being destroyed by flash floods along Peusangan river in Bireuen district, Aceh.

premium

interview premium

Coordinated response key to govt’s disaster handling

History in focus: Belgian historian David Van Reybrouck, author of Revolusi: Indonesia and the Making of the Modern World, poses for a post on his official social media account.

premium

interview premium

‘Revolusi’ returns home: David Van Reybrouck on youth, memory and the spirit of Bandung

Elementary and Secondary Education Minister Abdul Mu'ti (right) talks with a student on the sidelines of the inauguration of an integrated school on Sept. 30 in Samarinda, East Kalimantan. The international-standard school integrates schools of three levels of education, namely SDN 28 state elementary school, SMPN 16 state junior high school and SMA Prestasi senior high school.

premium

interview premium

Dignifying students key for Indonesia’s education: Education minister

Peace and reconciliation: Aceh Governor Muzakir Manaf (eighth right) and Aceh wali nanggroe (traditional leader) Malik Mahmud (center) release doves with former Free Aceh Movement (GAM) officials and incumbent Aceh Regional Leadership Coordination Forum (Forkopimda) officials during the 20th anniversary ceremony of the Aceh Peace Agreement in Banda Aceh, Aceh, on August 15, 2025,

premium

interview premium

Discourse: Aceh people real heroes in 2005 peace deal

Facing climate crisis: United Nations Framework Convention on Climate Change (UNFCCC) executive secretary Simon Stiell.

premium

interview premium

Climate action delivers when benefits are visible: UNFCCC

Louder than words: An activist holds a poster criticizing Culture Minister Fadli Zon's statement denying the 1998 mass rapes during a Kamisan (Thursday) silent protest on June 26 in front of the State Palace in Jakarta.

premium

interview premium

Discourse: There are more 1998 mass rape victims than recorded

insight

Insight: The strategic role of PT SMI in fiscal policy and economic expansion

Indonesia’s future economic growth will not be determined solely by the size of government spending, but also by how effectively development financing is managed.

1 week ago

insight

Insight: Rethinking work: Driving sustainable growth in the digital age

The digital age has redefined how we live, communicate and work, but perhaps nowhere is this shift more critical than in the field of medicine and public health. As healthcare systems integrate digital technologies, the traditional roles of medical professionals are being reshaped.

7 months ago

insight

Insight: Innovations in managing and developing human capital

Over the past few years, the role of human resources (HR) has expanded far beyond administrative tasks. HR professionals today are expected to drive innovation, enhance the employee experience and align people strategies with business goals. With the help of technology, these responsibilities have become more manageable, and in many ways, more impactful.

7 months ago

insight

Insight: AI and Efficiency: Sacrifices The Next Generation

Introduction: From One Disruption to Another

7 months ago

insight

Insight: Securing a healthier future: The importance of Indonesia's plasma fractionation facility

The global health crisis brought on by COVID-19 tested healthcare systems worldwide, and Indonesia was no exception. As one of the world’s most populous nations, the nation faced immense challenges yet demonstrated resilience and adaptability in navigating the pandemic.

1 year ago

insight

Insight: Understanding sovereign wealth funds and their application in Indonesia

Toward the end of 2020, amid a world grappling with unprecedented challenges, Indonesia took a bold step in securing its economic future: establishing its first sovereign wealth fund (SWF), the Indonesia Investment Authority (INA).

1 year ago