Indonesian Stocks Suffer Worst Rout Since 1998 After MSCI Floats 'Standalone' Demotion
The index provider says Indonesia no longer fits emerging-market status, putting billions of dollars in passive and active fund holdings at risk.
Indonesia
Indonesia
- Indonesia Markets
Danantara Bids for Indonesia Stock Exchange Stake as Brokers Open Ownership to Outsiders
The sovereign fund is the only bidder so far after IDX members amended the bylaws, but a rights issue and OJK approval still stand in the way.
- Indonesia Banks
BCA Profit Rises 4.2% to Rp45.2 Trillion as Bank Lifts 2026 Loan Growth Target to 12%
Corporate lending jumped 20.9% at Indonesia's largest private lender, but net interest income barely grew and car loans fell by a fifth.
- Indonesia Commodities
Indonesia to Drop Smelter Power Plants From Coal DMO After 78.5 Million Tons Last Year
Miners will lose an easy route to meet the 25% domestic quota as Jakarta steers cheap coal toward PLN, while nickel smelters face fuel supply questions.
- Indonesia Commodities
Indonesia Pushes Direct Coal, LNG and Palm Oil Exports to Cut Out Transit Hubs Like Singapore
Ministers say middlemen capture margins on coal, nickel and palm oil, but no regulation has yet given the instruction legal force.
- Indonesia Economy
Indonesia's Third-Quarter Growth Seen Slowing to About 5.2% as State Spending Cools
Economists' forecasts range from 5.1% to 5.4% ahead of official data due this week, with factory output and credit offsetting a sharp drop in government consumption growth.
- Indonesia Mining
Antam Nickel Revenue Jumps 52% as Ferronickel Sales Rise 71%, Profit Hits Rp9.66 Trillion
Gold still supplies three quarters of sales at the Indonesian miner, but nickel ore and ferronickel were the fastest-growing business in the first nine months.
- Indonesia Fiscal Policy
Indonesia Faces Rp990 Trillion Year-End Spending Push With Rp600 Trillion Still to Collect
Finance Minister Suahasil Nazara briefed President Prabowo on October budget figures and said the year-end spending rush must stay efficient, while denying talk of VAT on bank transfers.
- Indonesia Economy
Indonesia Consumer Confidence Rises to 119.9 in October, but Low-Income Households Stay Gloomy
Bank Indonesia's survey shows a rebound in views on current conditions and the outlook, yet households spending Rp1 million to Rp2 million a month still rate their situation as pessimistic.
- Indonesia Mining
Indonesia Prosecutors Seize Rp11.8 Billion in Nickel Mining Probe Covering Six Companies
The Attorney General's Office named a Southeast Sulawesi miner as a corporate suspect and is examining companies linked to nickel ore trader Arif Kurniawan.
- Indonesia Markets
Indonesia's Reserves Edge Up to $146.8 Billion as Bank Indonesia Defends Rupiah
Government loan drawdowns and tax receipts outweighed debt repayments and currency intervention, leaving reserves at their highest since March while the rupiah trades near 18,100 per dollar.
- Indonesia Economy
Indonesia More Than Doubles Year-End Travel Stimulus to Rp883 Billion as Deficit Widens
Airfare tax relief and 30% rail and sea discounts join a fourth-quarter package aimed at household spending, with the 2026 deficit now projected at 2.85% of GDP.
- Indonesia Markets
OJK Says 192 Indonesian Brokers and Fund Managers Commit to Tougher Capital Rules by 2029
Indonesia's financial regulator said 107 securities firms and 85 investment managers have chosen business tiers under new rules, as it tightens oversight after a punishing October for the market.
- Indonesia Economy
Indonesia Underemployment Climbs to 12.84 Million Even as Jobless Rate Falls to 4.75%
August labor data show 1.24 million more Indonesians working short hours and wanting more, nearly matching the 1.44 million rise in total employment.
- Indonesia BankingAnalysis
OJK Has Shut 16 Indonesian Rural Banks in 2026 as BPR Agritrans Batumarta Joins List
The regulator's latest revocation, in South Sumatra, brings this year's tally of failed BPRs to 16, with nine since June, even as commercial lenders report strong capital.
- Indonesia Fiscal Policy
Indonesia Budget Deficit Widens to Rp379.3 Trillion, 1.47% of GDP, Through October
Revenue rose 23.9% from a year earlier on a surge in non-tax income, while spending reached 78% of the annual ceiling with two months left in the fiscal year.
- Indonesia Banks
Bank Mandiri Profit Jumps 20.7% to Rp45.5 Trillion as BNI Loans Grow 22% in Third Quarter
Indonesia's two big state lenders expanded credit far faster than the industry, but BNI's margin narrowed and its profit rose only 6.6%.
- Indonesia Energy
BP Sells 49.9% Stake in Indonesian Fuel Station Venture to AKR for $14.2 Million
AKR Corporindo takes full control of the BP-AKR network weeks after Shell handed its Indonesian stations to a local buyer, following a year of import curbs on private retailers.
- Indonesia Coal
Bayan Founder Low Tuck Kwong Calls $1.44 Billion Stake Sale to Haji Isam 'Purely Business'
The coal miner's founder says the 30.25% sale to a Prabowo ally was free of pressure, but its timing next to a production quota approval has drawn scrutiny.
- Indonesia Deals
Haji Isam Weighs Bid for Eramet's 38.7% Weda Bay Nickel Stake as Eramet Jumps 9.8%
The Indonesian coal magnate, who agreed to buy into Bayan Resources in September, is studying a deal for part or all of the French miner's holding, with Danantara also named as a suitor.
- Indonesia Commodities
Indonesia Palm Oil Group Gapki Warns El Niño Could Cut 2027 Output by 3 Million Tons
The producers' association told its annual Bali conference that drought, fires and skipped fertilizer could shrink next year's harvest, even as nine-month exports rose 9.6%.
- Indonesia Tech
GoTo Posts Rp441 Billion Profit as GoPay Offsets Hit From Indonesia's 8% Ride Fee Cap
Fintech earnings quadrupled while Gojek's ride-hailing margin shrank under the new commission limit, and the group raised its 2026 EBITDA target.
- Indonesia Consumer
Indonesia Car Sales Jump 21% to 679,000 Units, but Astra's Market Share Slips to 46%
Astra's automotive profit rose 8% in nine months, yet its car sales grew 13%, well short of the overall market's 21%, as rivals gained ground.
- Indonesia Deals
Garuda Indonesia Wins Approval for 248.7 Billion-Share Rights Issue Backed by Danantara's GMF Stake
Shareholders also replaced the airline's finance director, as the state fund prepares to pay for its new shares with a 65.77% stake in maintenance arm GMF AeroAsia.
- Indonesia Telecoms
Telkom Indonesia Nine-Month Profit Falls 3.9% to Rp14.45 Trillion as Revenue Rises 3.5%
Data and IT services carried top-line growth and the NeutraDC data center unit grew 17%, but higher costs and an investment writedown cut the bottom line.
- Indonesia
Indonesia Sticks to Export Growth Goal as Palm Oil Reference Price Falls 6%
Exports grew 4.7% through August, while the government lowered November reference prices for palm oil and cocoa, two key export commodities.
- Indonesia
Bank Indonesia Defends Rupiah Near 18,188 Record Low With Wider Hedging Discounts
Governor Destry Damayanti blamed external forces for the currency's slide and set out a mix of forwards, spot dealing and cheaper hedges for foreign money.
- Indonesia
Danantara Cites Unaudited 20% Rise in State Firms' Third-Quarter Profit as Audit Runs Late
The sovereign fund's operating chief says the first consolidated accounts are close, days after missing an October goal, while it pushes to shut 700 state companies by December.
- Indonesia
Jakarta Composite Index Sinks 3.78% to 4,904 as Foreign Selling Builds Before MSCI Review
Decliners outnumbered gainers by more than 10 to 1 as foreign funds sold Bank Rakyat Indonesia and Telkom ahead of the Nov. 11-12 index review.
- Indonesia
Indonesia to Revise Export Earnings Rules as DSI Reviews $14 Billion of Shipments
Five months after the latest rules took effect, Jakarta wants resource exporters to swap more dollars into rupiah, while a state single gate for coal, palm oil and ferroalloy exports is due by Jan. 1.
