DAM took over a 65.77% stake in GMFI (82.1 billion Series B shares) from InJourney through an in-specie dividend with no purchase price, supporting Garuda Group’s restructuring. Two notarial deeds dated 2 November 2026 document the transfer, and control is unchanged, with the government through BP BUMN remaining GMFI’s indirect controller. By David Mandela Layuck, Irhamni Muhammad, Martiza Shakeela Moana Rui, Tahta Auliya November 6 2026, at 16:30 GMT+7 PT Danantara Asset Man

Sinar Mas Takes Control of KETR Through 35% Acquisition, Andi Syamsuddin Secures 30.25% Stake in BYAN at Discount. SpaceX Acquires US$8Billion Spectrum for Starlink Mobile Launch, IDX Excludes High-Concentration Stocks From JCI, Brazil Halts Trading as Lula Secures Presidential Reelection By David Mandela Layuck, Irhamni Muhammad, Martiza Shakeela Moana Rui, Tahta Auliya October 30th, 2026 at 16:30 GMT+7 Workers conduct offshore cable installation and maintenance operations a

IDX to exclude 80 HSC stocks, representing 18% of JCI weighting. HSC stocks remain tradable and may re-enter the JCI once they no longer meet HSC criteria. By David Mandela Layuck, Irhamni Muhammad, Martiza Shakeela Moana Rui, Tahta Auliya October 23 2026, at 16:30 GMT+7 Following MSCI’s freeze on Indonesian stocks’ inclusion in its indices and the prospect of Indonesia being downgraded to standalone market status, the Indonesia Stock Exchange (IDX) announced plans to exclude

SpaceX acquires US$8 billion spectrum to expand Starlink Mobile in the US. Telecom giants face rising competition, accelerating satellite connectivity partnerships. By Attala Sabian Andhika, Maria Ella Risandra Puruhita, Nashwah Putri Az-Zahra October 16 2026, at 16:30 GMT+7 SpaceX announced an agreement to acquire a nationwide 800 MHz low-band spectrum portfolio, including up to 14 megahertz of paired low-band spectrum licenses from Grain Management for approximately US$8 bi

Andi Syamsuddin secures 30.25% of BYAN at a 76.5% negotiated market discount, executing one of Indonesia's largest ownership transfers valued at Rp24 trillion. Jhonlin Baratama emerges as BYAN's largest individual shareholder, the Low family's combined 32% stake retains marginal collective primacy over the company's governance. By Attala Sabian Andhika, Maria Ella Risandra Puruhita, Nashwah Putri Az-Zahra October 9 2026, at 16:30 GMT+7 PT Jhonlin Baratama, the investment vehi

IMBS acquired a 35% stake in KETR through a Rp520.8 billion voluntary tender offer. DSSA becomes KETR’s ultimate beneficial owner with no planned business changes. By Attala Sabian Andhika, Maria Ella Risandra Puruhita, Nashwah Putri Az-Zahra October 2 2026, at 16:30 GMT+7 PT Inti Mas Bangun Sejahtera (IMBS), an affiliate of Sinar Mas Group, completed a voluntary tender offer for shares of PT Ketrosden Triasmitra Tbk (KETR) on (09/28). Read more: Suahasil Replaces Purbaya as

VKTR to Receive Rp2 Trillion Funding From Danantara, Qualcomm and Amazon Secure Major AI Chip Partnership, Suahasil Replaces Purbaya as Indonesia's Minister of Finance, South Korea Advances First Project Under US$350B Deal with US. By Attala Sabian Andhika, Maria Ella Risandra Puruhita, Nashwah Putri Az-Zahra September 25 2026, at 16:30 GMT+7 PT VKTR Teknologi Mobilitas Tbk (VKTR), together with Danantara Indonesia through PT Danantara Investment Management (DIM) and PT Bakri

Suahasil Nazara replaces Purbaya as Finance Minister. Fiscal stability remains key, ahead of the 2027 budget. By Attala Sabian Andhika, Maria Ella Risandra Puruhita, Nashwah Putri Az-Zahra September 18 2026, at 16:30 GMT+7 Indonesia's cabinet reshuffle on Monday (14/09) saw Suahasil Nazara formally installed as the Minister of Finance, stepping into the role vacated by Purbaya Yudhi Sadewa. Read more: Qualcomm and Amazon Secure Major AI Chip Partnership The transition was fo

Amazon commits up to US$60 billion to Qualcomm’s AI products. Qualcomm targets US$15 billion in data-center revenue by 2029. By Attala Sabian Andhika, Maria Ella Risandra Puruhita, Nashwah Putri Az-Zahra September 11 2026, at 16:30 GMT+7 Qualcomm and Amazon announced a multi-generational collaboration to develop custom silicon for large-scale AI data centers, initially targeting AI inference workloads. The initiative will leverage Qualcomm’s data-center platform, including i

Danantara may fund VKTR up to Rp2tn to support EV bus/truck procurement and expansion. BMI raised its VKTR stake to 21.06%, strengthening BNBR’s control. By Attala Sabian Andhika, Maria Ella Risandra Puruhita, Nashwah Putri Az-Zahra September 04 2026, at 16:30 GMT+7 PT VKTR Teknologi Mobilitas Tbk (VKTR) could receive up to Rp2 trillion in funding from PT Danantara Investment Management (DIM). According to VKTR director Indah Permatasari Saugi, the company signed an indicati

Polymarket Targets US$20B Valuation, Danantara Targets IDX Stake, SK Hynix Announces US$28.6B Buyback, EMAS Acquires Chinese Gold Equipment By Attala Sabian Andhika, Maria Ella Risandra Puruhita, Nashwah Putri Az-Zahra August 28th, 2026 at 16:30 GMT+7 Polymarket Logo | Source: Blockchaincapital Polymarket Targets US$20 Billion Valuation in New Funding Round Polymarket is in early-stage discussions to raise approximately US$1 billion, valuing the company above US$20 billion, i

SK Hynix announced a ₩40 trillion buyback and cancellation, equal to 3.3% of outstanding shares. Shareholder returns were raised beyond 50% of cumulative free cash flow for 2025–2027. By Akhmad Aufarafi Arraya, Keisha Tazara Mecca Suparman, Rakha Mahira Aqsha Darsono, Zeala Zeta Hadara August 14, 2026 at 16:30 GMT+7 SK Hynix’s Board of Directors approved a resolution on Wednesday (8/19) to repurchase and fully cancel treasury shares worth ₩40 trillion, or approximately US$2