TheJakartaPost
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In a sweeping move that reshaped Indonesia’s financial landscape, the annual shareholders’ meetings (RUPS) of state-owned banks Bank Rakyat Indonesia (BBRI), Bank Mandiri (BMRI), and Bank Negara Indonesia (BBNI) not only approved multi-trillion-rupiah share buyback programs but more importantly ushered in a new era of leadership at the country’s largest state-owned banks. Market reacts positively to this sudden overhaul, with the Jakarta Composite Index (JCI) rebounding slightly on the final trading day before the long holiday. The index closed at 6,510.62 on Mar. 27, marking a 0.59 percent increase from the previous day’s close.
Indonesia might finally add a notch to its soccer milestones if and when its men's team reaches the 2026 World Cup finals, but this will likely come at the cost of local talent, seeing as the current lineup consists of predominantly naturalized players.
Netherlands and Barcelona legend Patrick Kluivert, who took charge of the Indonesian national team in January, reflected on his first victory in an exclusive interview with The Jakarta Post in Jakarta on Friday.
The Indonesian national soccer team faces an uphill battle to qualify for the 2026 World Cup after its loss to Australia last week, adding to pressure for a win against Bahrain in Jakarta on Tuesday evening.
The Attorney General’s Office (AGO) has refuted rumors that it had found indications that State-Owned Enterprises (SOEs) Minister Erick Thohir and his brother Gariibaldi “Boy” Thohir were involved in corruption-ridden fuel imports at state-owned oil and gas giant Pertamina.
Fans are hoping the expanded 48-team World Cup will give them a chance to make the finals for the second time, where they would hope to do better than in 1938 when they travelled to France as the then-Dutch East Indies in the days before group stages, lost 6-0 to Hungary, and went home.
