01/08/2026 08:58 am MYT
AI and semiconductor stocks are plunging. The US-Israel-Iran war is once again escalating. Trump's tariffs are being re-born. iCapital says buy Indonesia.
The Rupiah has been falling. The governor of Indonesia's central bank just resigned. Last year, old timer Mulyani stepped down as finance minister. President Prabowo's popularity is falling. The Jakarta Composite Index (JCI) has plunged (figure 1). Buy Indonesia ?
The JCI plunged from 9,174 on 30/1/26 to 5,317 on 30 Jun 2026 - a slump of 42%. From 30 Jul 2019, the JCI fell from 6,636 to 3,911 on 31/3/2020 - a dive of 41%. The JCI slumped from 2,838 on 31 Jan 2008 to 1,089 on 31 Oct 208 - a plunge of 61.6%. The last bear was during the US-led global financial crisis. The second was during the Covid-19 pandemic. The latest bear ?
Note from Publisher
This week, prime minister Anwar announced that the Malaysian government will subsidize artificial intelligence (AI) software subscriptions for students. Up to 100,000 Malaysian youths will receive free subscriptions to leading AI software for three months. The aim is to provide practical, hands-on experience, enabling students to develop critical skills in areas such as coding and AI engineering. This is part of the government’s efforts to make Malaysia a regional AI hub by 2030.
However, subsidizing AI tools is only a tiny step. A nation's ability to adopt, develop, and scale AI will increasingly determine its economic competitiveness and attractiveness to investors. Malaysia, like many developing countries, is lagging in the adoption of AI.
To build strong AI capabilities, Malaysia must invest in high-quality STEM education, world-class research universities, accessible investment capital, robust digital infrastructure, and a stable legal and regulatory framework. Equally important is fostering close collaboration among government, academia, and industry to accelerate AI innovation and adoption. Achieving these goals requires sustained commitment, strategic investment, a clear long-term vision, and a well-defined national roadmap. Building a competitive AI ecosystem is a marathon, not a sprint, and success will depend on consistent execution over many years.
PORTFOLIOS

In The Media
STOCK SELECTIONS
KLSE | 1 day, 4 hours ago
SSE | 5 days, 16 hours ago
KLSE | 1 week, 1 day ago
SZSE | 2 weeks, 5 days ago
KLSE | 3 weeks, 1 day ago
Corporate News
2Q Results
Takeover offer
Tender offer update
SCADA upgrade contract
2Q Results