Jakarta – Finance Minister Purbaya Yudhi Sadewa has stated the government is withholding potential incentives for the Indonesian capital market until evidence emerges of arrests related to manipulative stock trading, commonly known as “fried rice” shares.

Speaking at The Westin, Jakarta, on Thursday (20/11/2025), purbaya questioned the progress in addressing the issue. “It can’t be implemented yet, I haven’t seen it, how many fried players have been arrested? Are there any?” he said.

Purbaya had previously indicated a willingness to offer incentives if the practice of share manipulation ceased. He acknowledged the form of these incentives remains under discussion. “(The form of incentives) will be discussed later because they haven’t been finalized yet. We’ll see later,” he stated.

The Minister’s comments follow a call for the Indonesian Stock Exchange (BEI) to resolve the problem of manipulative trading. the financial Services authority (OJK) has responded by announcing increased monitoring of capital market activity.

OJK Chief Executive of Capital Market Supervision,Derivative Finance and the Carbon Exchange,Inarno Djajadi,affirmed the importance of investor protection and market integrity,aligning with purbaya’s concerns. “In line with the Minister of finance’s message conveyed in a dialog with the capital market last week, Mr. Purbaya emphasized the importance of increasing public trust in the capital market. One way is to ensure that capital market transactions run fairly regularly and efficiently,” Inarno explained during a speech at the BEI Main Hall,Jakarta,on Friday (17/10/2025).

(ily/hns)

Luhut Urges Nephew Pandu Sjahrir too Lead Investment Agency with Heart and Responsibility

Jakarta – Chairman of the National Economic Council (DEN), Luhut Binsar Pandjaitan, has issued a special charge to his nephew, Pandu Sjahrir, who has been appointed Chief Investment Officer (CIO) at the Investment Management Agency (BPI) Daya Anagata Nusantara (and Antara).Luhut implored Pandu to undertake this notable mandate with unwavering responsibility and genuine dedication.

The poignant message was delivered during the launch of the Indonesian Padi Kapas Foundation at the Indonesia Stock Exchange Building in Jakarta on Monday, July 28, 2025. during his address, Luhut fondly recalled his late brother-in-law, dr. Sjahrir, Pandu’s father, who passed away approximately 17 years ago. “if your father is watching from the sky now, he would say, ‘My son is also outstanding’,” Luhut remarked, eliciting warm laughter from the attendees.

luhut further highlighted Pandu’s tangible contributions to national progress, suggesting that his nephew has even surpassed his father’s legacy.”From my personal perspective, Ci’il (Dr. Sjahrir) was great, but I believe his child is even greater in this regard.Yes, you have achieved much, and it’s truly remarkable. This country is lucky to have young people like you,” he stated.

Emphasizing the gravity of Pandu’s role as CIO and Antara, Luhut underscored that it represents a profound trust placed in him by President Prabowo Subianto. He advised Pandu to not only rely on his intellect but also to cultivate strong character. “character is paramount. So, Pandu, I entrust you with this significant responsibility, a trust given by the President.Carry it out with your heart,not just with your intellect. Work with your heart,” Luhut urged.

Luhut expressed his firm belief that by approaching his duties with genuine commitment, Pandu would be able to achieve numerous positive outcomes. “If you work with your heart, you will be able to accomplish many good things,” he concluded.

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Title: Indonesia Stock Market: No Arrests for “Fried Stocks,” Incentives Delayed

Luhut Urges Nephew to Lead with Heart at BPI Investment Role

Luhut Urges Nephew Pandu Sjahrir too Lead Investment Agency with Heart and Responsibility