Stock Crash, Digital Cash Boom

Investors in Jakarta are holding their breath. A major stock, DEWA, just plunged 3.74% in a single day, continuing a weekly slide. This drop comes despite the company’s stock soaring nearly 250% year-to-date, showing just how volatile and reactive Indonesia’s capital market truly is. The massive sell-off by a major shareholder definitely didn't help, fueling concerns about short-term speculative movements.

But step away from the trading floor, and you see a completely different Indonesia thriving in the digital age. While the stocks waver, digital payments are exploding! OVO, a leading digital wallet, now boasts over 121 million downloads and three million QRIS merchants, mostly small and medium enterprises. QRIS usage via OVO jumped 61% this year, confirming Indonesia’s rapid shift to a cashless society. This digital inclusion is the real engine of growth, helping smaller businesses participate in the wider economy.

Meanwhile, key construction firms show mixed results in infrastructure goals, yet some, like WIKA, are setting aggressively high targets for 2026, signaling immense confidence in the nation's long-term building plans. This focus on infrastructure is vital for supporting that massive digital growth we just talked about.

Globally, Indonesians are closely watching major tech movements, too. The massive 00 million partnership between Anthropic and Snowflake to integrate advanced AI is big news, promising more reliable AI tools for regulated sectors like finance. Also, the leadership change at the world’s largest crypto exchange, Binance, with Yi He stepping in as Co-CEO alongside Richard Teng, highlights the commitment to Web3 infrastructure and regulation, crucial for Indonesia’s crypto-enthusiastic population.

The lesson here is profound: Indonesia is navigating the stormy waters of capital market instability while simultaneously harnessing the immense power of digital innovation. Sustainable growth requires balancing these two worlds—building transparent markets and ensuring every citizen benefits from this digital leap. That’s where real Empathy begins.

See you in the next update. Thank you.

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* This blog content actively utilized AI to automate 24-hour world news and repetitive content creation to gain empathy and inspiration through Parts 1 and 2 in order to write Part 3 empathy ideas, and AI can make mistakes.