Welcome to Kuartal. Kuartal was created with a simple idea in mind: people should have clearer access to information about the economy, markets, and businesses that shape our lives. In a world where financial information is often fragmented, overly technical, or hidden behind institutional walls, Kuartal exists to make it more accessible, understandable, and useful.
Kuartal was built with a simple idea in mind: finance should not feel distant, confusing, or reserved for a small group of insiders. Markets shape our world, yet most people are left navigating them alone. Kuartal exists to change that. Here’s how you can start.
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As wrongful corruption convictions mount and payment arrears stretch into years, Indonesia’s B2G and BUMN contracting environment has crossed a threshold that private capital cannot ignore.
The United States enjoys a unique position in which its currency serves as the primary reserve asset, invoicing currency, and settlement medium for global trade and finance. This position allows Washington to finance large fiscal deficits, including defense spending, at relatively low cost compared with other major powers.
In the classical imagination of liberal capitalism, markets and governments perform distinct, almost complementary roles. Markets allocate capital through price signals; governments set the rules of the game. One is meant to be impersonal, the other accountable. The boundary between the two has never been perfectly clean, but for much of the post-war era it was at least intelligible. That boundary is now eroding.
Recently, the private sector has been given more leeway to develop and produce military equipments. This is a positive development as it reduces reliance on SOE’s and if managed correctly, can transform the Indonesian defense industry sector into a dual-use force that can simultaneously hasten the pursuit of self-sufficiency and becoming a major economic driver.
Today, we’re announcing the release of The Founder’s Atlas: 2026 Edition — Kuartal’s flagship strategic intelligence report for founders, investors, and operators navigating this transition.
The third issue of Kuartaly examines one of the most consequential shifts in the global economy: the return of the state as an industrial architect. After three decades in which markets were trusted to allocate capital, determine supply chains, and set the terms of global trade, governments have re-entered the room. They are building factories, subsidising semiconductors, taxing imports, and directing investment with a conviction not seen since the postwar era.
As global geopolitical shocks collide with domestic vulnerabilities, Indonesia’s central bank has quietly abandoned its promise to cut rates — and replaced it with something harder to reverse.
Lumen: Journal of Energy Economics, Sustainability, and Resource Transition is a peer-reviewed journal analyzing the financial, geopolitical, and policy dimensions of global energy markets and the green transition.
Kasb: Journal of Islamic Economics, Finance, and Business Ethics is a peer-reviewed journal dedicated to advancing research in Sharia-compliant economic systems, ethical finance, and commercial jurisprudence.
Eden: Journal of Agribusiness, Food Security, and Resource Economics is a peer-reviewed journal addressing the economic realities of global food systems, land use, and agricultural policy.