Following the US intervention on Jan 3rd and the establishment of the Interim Government, we now see that the US Dept. of Energy is officially rolling back sanctions to allow around 30-50M barrels of Venezuelan crude to flow into the US.
I’ve been watching the current state of "AI" mania with a mix of awe and severe skepticism. And depending on which side of Twitter/X or Reddit you reside on, we are either on the verge of Artificial General Intelligence fixing global warming by Thursday, or we are witnessing the biggest capital misallocation since the tulip bulb craze.
Indonesia plans to introduce export taxes on coal (1%–5%) and gold (7.5%–15%) starting in 2026 to enhance fiscal revenues and promote domestic processing. The coal tax responds to price fluctuations, while the gold tax aims to incentivize refined production. The policy supports industrial development and aims to stabilize resource governance amidst global challenges.
Airwallex has acquired a majority stake in PT Skye Sab Indonesia, gaining access to important payment licenses to enhance localized financial services. Following a USD 330 million funding round, this move positions Airwallex to support Indonesian SMEs in cross-border transactions while increasing competition in the fintech sector amid regulatory challenges.
Indonesian construction firm WIKA has delayed interest and profit-sharing payments on various bonds and sukuk due to poor cash flow and declining new contracts, reflecting a broader industry downturn. The company plans meetings with bondholders to negotiate payment rescheduling, amid increasing credit risk and ongoing financial restructuring efforts.
PT Bank Tabungan Negara (Persero) Tbk has successfully distributed the entirety of the Rp25 trillion in government-placed funds, reaching 100 percent utilization well ahead of the official deadline. The update was confirmed by President Director Nixon LP Napitupulu, who noted that the…
PT Asuransi Tugu Pratama Indonesia Tbk has reinforced its position as one of Indonesia’s most resilient general insurers, reporting Rp594.8 billion in profit attributable to shareholders for the period ending September 2025. The company achieved this result despite the full implementation of…
CIMB Niaga has strengthened its commitment to green financing by extending a Rp117 billion Sustainability-Linked Loan (SLL) facility to PT Primarajuli Sukses, a key subsidiary of textile manufacturer PT Ever Shine Tex Tbk (ESTI). The agreement underscores both companies’ shared ambition to support Indonesia’s textile sector while accelerating the industry’s transition toward cleaner, lower-carbon operations.