Fines Alone Won't Restore Investor Confidence; Call for Strict Enforcement by OJK
Indonesian market practitioners argue that the Rp 2.1 trillion fine imposed in the DSSA, BREN, and CUAN cases is insufficient to restore market confidence. They are urging the OJK (Financial Services Authority) for more transparent legal enforcement, including the return of illicit gains and progress on criminal prosecutions.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Bukit Asam Dissolves and Liquidates Property Subsidiary
State-owned mining holding PT Bukit Asam Tbk (PTBA) has decided to dissolve and liquidate its indirectly held real estate and construction subsidiary, PT Bukit Multi Properti (BMP). This decision aligns with the strategic directives from Danantara Indonesia, which is streamlining state-owned enterprises.
- Semen Indonesia (SIG) Posts 363% Profit Surge Driven by Strategic Efficiency and Market Expansion
Despite domestic cement overcapacity and geopolitical price pressures, Semen Indonesia (SIG) achieved a 363% net profit surge to Rp532 billion by September 2026. This success stems from strategic initiatives in sales and revenue, operational excellence, and sound financial management.
- Indonesian Companies Announce Financials, Rights Issues, and Dividends Amid Market Activity
Indonesian companies released their Q3 2026 financial results, with PT Indofood Sukses Makmur (INDF) reporting increased sales and PT Bakrie & Brothers (BNBR) a significant rise in net profit. PT Cakra Buana Resources Energi (CBRE) is proceeding with a rights issue.
- Selamat Sempurna to Distribute Rp 259 Billion Interim Dividend for FY2026
PT Selamat Sempurna Tbk (SMSM) plans to distribute an interim dividend of Rp 259 billion for the fiscal year 2026. This represents 29.63% of the company's net profit attributable to the parent entity amounting to Rp 874 billion as of September 30, 2026.