BI holds the policy rate again. Bank Indonesia kept the policy rate unchanged again at 4.75%, in line with expectations

The government’s plan to impose a moratorium on nickel smelter permits, as well as on existing permits that have not yet begun construction, should help ease the supply glut from Indonesia, which currently accounts for up to 70% of global nickel supply

All telcos booked solid core business recovery as indicated by the sequential ARPU improvements, solid data traffic growth, and an inflection point in the mobile service revenue trend.

We held a local NDR for INDF and ICBP. ICBP shared that it saw a similar sales trend across its segments in Oct-2025 as in 3Q25.

The 10M25 wholesales stood at 633.2k units (-10.9% YoY), while 2W sales remained resilient at 5.4mn units (flat YoY).

The new Finance Minister’s decision to shift Rp200tn balance from BI’s account into the commercial banking

UST yields and DXY edged higher despite Fed cut. US Treasury yields and the dollar ended the week higher even as the Federal Reserve delivered its first rate cut since Dec-2024.

The government’s Rp200trn SAL placement into banks marks a shift to countercyclical policy

OJK is preparing a long-awaited revision of SEOJK 7/2025 in the form of a new POJK, aimed at strengthening the health insurance ecosystem after the earlier circular faced backlash.

Third straight BI Rate cut. BI cut its policy rate by 25bps to 4.75% in September

Rates and FX weekly recap: Weaker US jobs data drives yields lower, but the USD is still stronger on a weekly basis.

We visited one of the pilot Merah Putih village cooperatives (KDMP) in Hambalang, Bogor, West Java.