The presidency of Prabowo Subianto marks a significant moment in Indonesia's anti-corruption efforts. Prabowo emphasizes his administration's commitment to combating corruption as a top priority, proposing initiatives to strengthen anti-corruption institutions and enforce stricter laws. Despite challenges like public scrutiny and politicization, the government aims to enhance transparency and accountability in budget management. Educational programs on the dangers of corruption are introduced to raise public awareness. Prabowo's era is seen as a potential step forward in tackling corruption and rebuilding public trust in the government, with a focus on creating a fair and clean environment for all citizens.

BNI Sekuritas anticipates a technical rebound for the Indonesian Composite Index (IHSG) by the end of October 2024. Fanny Suherman, Head of Retail Research at BNI Sekuritas, suggests that the IHSG could move between 7,475-7,520 and 7,600-7,630. The analysis recommends monitoring stocks such as BBNI, ADRO, GOTO, UNTR, BRMS, and PSAB, providing specific buy areas and potential short-term gains.

Vale Indonesia experienced a significant decline in profit by 78.5% to USD 51.108 million by the end of September 2024, despite a 2% increase in production. The drop in profit is attributed to a 29% decrease in average nickel selling prices. The company also faced obligations to pay non-tax state revenue and is undergoing a separation process from Vale Base Metal. Cash reserves decreased, while capital expenditure increased, focusing on future mining development projects.

Telekomunikasi Indonesia (Telkom) reported a 0.8% increase in revenue to Rp112.21 trillion by the end of September 2024, driven by a 7.1% rise in data, internet, and IT services revenue. However, revenue from IndiHome and telephone services declined by 9.6% and 37.3%, respectively. Operating expenses increased by 1.9%, leading to a 7.1% drop in operating profit and an 8.07% decrease in pre-tax profit. Consequently, net profit fell by 9.2% to Rp17.675 trillion, with basic earnings per share dropping to Rp178.42. Total liabilities rose slightly, while total equity decreased by 1.2%.

Chandra Asri Pacific (TPIA) reported a significant financial downturn with a 25.9% decrease in revenue to USD1.231 billion by the end of September 2024, primarily due to a 28% drop in chemical product sales. Despite a 35% increase in infrastructure revenue, the company faced a gross profit decline of 57.6% and a post-tax loss of USD58.5 million. Financial burdens included a 20.6% rise in financial expenses and a 10.5% increase in general and administrative costs. The net loss surged by 180.9% to USD59.901 million, impacting retained earnings and equity. Operational capacity was affected by scheduled maintenance, impacting long-term operational efficiency.

The Indonesia Stock Exchange (IDX) has temporarily suspended trading of Mandala Multifinance (MFIN) shares due to a violation of bonus share distribution regulations. The decision follows a letter from the Financial Services Authority (OJK) regarding the Extraordinary General Meeting of Shareholders' approval of bonus shares, which could not be executed. MFIN planned to distribute bonus shares worth Rp117.5 billion, sourced from retained earnings, to shareholders. The corporate action aimed to strengthen capital structure and comply with OJK regulations.

Barito Renewables Energy (BREN) experienced a 0.89% annual decrease in revenue, reaching USD 441.29 million by the end of September 2024, primarily due to a decline in geothermal production. Despite challenges, the company maintained operational excellence, resolving issues by September 2024. The wind power segment remained stable, contributing to overall performance. Operating expenses increased by 0.9%, leading to a 2.6% decrease in pre-tax income. However, net profit attributable to Prajogo Pangestu grew by 1.89% to USD 86.05 million, as non-controlling interests' share of profit decreased. BREN's total assets rose by 7.9% compared to the end of 2023, with an improved net debt-to-equity ratio of 2.1x, allowing for further expansion.

Gudang Garam, a major tobacco company, reported a significant 77.7% drop in net profit to Rp992.2 billion by the end of September 2024, compared to Rp4.457 trillion in the same period the previous year. The decline is attributed to a 10.7% decrease in machine-made clove cigarette sales and a 16.8% drop in cardboard sales, despite a 3.9% increase in hand-rolled clove cigarette sales. The company's gross profit fell by 35.8%, and operating profit plummeted by 70.6%. The financial report, released on the Indonesia Stock Exchange website, also noted a 25.07% reduction in liabilities and a 1.6% increase in total equity.

Bank Mandiri reported a net profit of Rp42.01 trillion for the first nine months of 2024, marking a 7.56% year-on-year growth. The bank's CEO, Darmawan Junaidi, attributed this success to consolidated credit distribution and digital ecosystem expansion. The bank's non-performing loan ratio improved to 0.97%, and corporate credit grew by 29.4% year-on-year. Bank Mandiri also focused on strategic sectors like agriculture, telecommunications, and energy, aiming for a 16%-18% credit growth by the end of 2024. The bank's third-party funds grew by 14.9% year-on-year, supported by increases in demand deposits and savings.

Bukalapak.com plans to close several business lines operated by its subsidiaries, leading to a reduction in employees. The company's Corporate Secretary, Cut Fika Lutfi, emphasized that this move aims to ensure future value creation and stakeholder benefits without negatively impacting business continuity. The restructuring is expected to improve operational efficiency and financial performance, with a focus on profitable segments. The decision was approved by the company's board and is set to be completed by the second quarter of 2025. Despite the anticipated impact on employees, Bukalapak assures compliance with legal rights and compensation. The company reported a net loss of Rp597.34 billion for the first nine months of 2024, a 23.06% decrease from the previous year, with a slight increase in net revenue and a rise in operating expenses.