TOP NEWS
- The Jakarta Post — Indonesian businesses are bracing for higher energy, logistics, and input costs as the US-Iran conflict disrupts oil flows through the Strait of Hormuz and lifts inflationary pressures, prompting the government to secure alternative crude supplies, particularly from the US, to stabilize fuel availability and contain broader economic fallout.
Domestic Politics and Economy
- Antara — Former vice president Jusuf Kalla expressed, after receiving Iranian Ambassador to Indonesia Mohammad Boroujerdi at his Jakarta residence, that Indonesia stands ready to support mediation efforts in the Iran conflict, with President Prabowo prepared to step in if both sides consent, reaffirming Jakarta’s commitment to a peaceful resolution amid rising civilian casualties.
- Reuters — Energy Minister Bahlil Lahadalia said Indonesia will redirect a portion of its Middle East crude imports to the United States to secure supply certainty amid escalating regional conflict, while assuring that domestic fuel stocks remain sufficient and that subsidized prices remain unaffected ahead of Eid.
- Reuters — Finance Minister Purbaya Yudhi Sadewa expressed that Indonesia stands ready to recalibrate spending, including potentially trimming the free meals programme, to keep the fiscal deficit below the 3% legal cap despite oil price pressures from the Middle East conflict, while maintaining that Danantara’s liabilities pose no risk to sovereign finances.
- Reuters — Hasan Fawzi, interim chief of the capital market supervision division at OJK, said up to 75% of listed companies are expected to meet the new 15% free-float requirement within the first year, underscoring Indonesia’s push to strengthen market transparency and safeguard its standing with global index providers.
- Antara — Agriculture Minister Andi Amran Sulaiman expressed that Indonesia’s shipment of 545 tons of poultry to Singapore, Japan and Timor Leste underscores the country’s shift from self-sufficiency to becoming a regional protein exporter, reinforcing its ambition to position itself as a global food hub while stabilizing domestic farm prices.
- Antara — Coordinating Economic Affairs Minister Airlangga Hartarto expressed that Rp220 billion in Eid bonuses will be distributed to around 850,000 ride-hailing drivers ahead of the holiday, as part of a broader stimulus package to sustain household purchasing power and support peak-season consumption.
Business and Investment
- The Jakarta Post — State asset fund Danantara and sovereign wealth fund INA have agreed to inject US$200 million into Chandra Asri’s US$800 million CA-EDC project in Cilegon, a strategic move to curb chemical imports, strengthen downstream industrial capacity and generate thousands of jobs ahead of its targeted 2027 operations.
