Economy: Indonesia Targets 2026 Economic Growth of 4.7% to 5.8%
Bank Indonesia (BI) projects economic growth in 2026 to range between 4.7 percent and 5.5 percent, citing continued global slowdown pressures that may weigh on exports. Governor Perry Warjiyo emphasized synergy with the government to safeguard stability and stimulate growth through household and government consumption, investment, and job creation. Meanwhile, the Ministry of Finance targets a
higher growth range of 5.2 percent to 5.8 percent in the 2026 Macroeconomic Framework. Finance Minister Sri Mulyani noted that household consumption must grow by 5.5 percent, which requires more than just social assistance. It must be supported by quality job creation and decent wages to uphold purchasing power and public welfare. Export-oriented sectors such as palm oil and mining, along with domestic sectors like construction, trade, transportation, finance, and services, are expected to be key growth drivers. (Investor)
ADMR-Controlled Company Increases Capital to Build Smelter
PT Alamtri Minerals Indonesia Tbk (ADMR) announced that its subsidiary, PT Kalimantan Aluminium Industry (KAI), has increased its initial capital by IDR 1.45T through the issuance of 1,457,688 new shares, most of which were absorbed by PT Alamtri Indo Aluminium (AIA) amounting to IDR 947.49B. This is part of a series of planned capital injections of up to IDR 4.91T, to support the construction of an aluminum smelter facility with an initial capacity of 500,000 tons per year in North Kalimantan. This additional capital
aims to strengthen KAI’s capital structure without increasing interest burden, increase liquidity, and
support the national downstream program by creating added value to alumina and bridging the
aluminum supply-demand gap. ADMR management said that this investment is expected to provide healthy returns and increase the company’s profitability in the future. (Kontan)
AUTO Collaborates with FAST to Launch EV Charging Facility
In an effort to promote the transition to sustainable mobility, PT Astra Otoparts Tbk (AUTO) launched an electric vehicle (EV) charging facility, Astra Otopower, at KFC outlets in Jakarta.This facility officially started operations on Thursday, July 3, 2025, and is part of a strategic collaboration between AUTO and PT Fast Food Indonesia Tbk (FAST), the operator of KFC Indonesia.The launch of Astra Otopower at this KFC location aims to expand the network of public electric vehicle charging stations (SPKLU) in public areas while also enhancing the convenience for KFC customers who use batterybased electric vehicles (KBLBB).The SPKLU facility is equipped with a DC 60KW machine featuring two CCS connectors and Ultra Fast Charging technology.
BREN Strengthens Clean Energy Commitment with USD 365M Geothermal Expansion
Barito Renewables Energy (BREN), through its subsidiary Star Energy Geothermal, reaffirmed its
strategic role in Indonesia’s clean energy transition by launching and groundbreaking five geothermal power plant (PLTP) projects in Salak and Wayang Windu, West Java. Inaugurated by President Prabowo Subianto, the initiatives reflect BREN’s dedication to a greener future with a total investment of USD 365M, targeting an additional 112 MW capacity. These projects include the Salak Binary Unit (16.6 MW, COD Feb 2025), Wayang Windu Unit 3 (30 MW, Dec 2026), Salak Unit 7 (40 MW, Dec 2026), retrofitting Salak Units 4–6 (7.2 MW, Aug 2025), and Wayang Windu Units 1–2 (18.4 MW, Jan 2026). The developments are projected to create 3,356 jobs and utilize advanced technologies such as binary cycle and 3D turbine blade designs to boost efficiency and operational lifespan, aligning with Indonesia’s
23% renewable energy mix target by 2025. (Emiten)
BUKA will Resume its Share Buyback Program
PT Bukalapak.com Tbk (BUKA) has resumed its share buyback action even though market
conditions are still unstable. This action is a continuation of the previous buyback program which took place from March 26 to June 25, 2025. In the latest prospectus released on Thursday (July 3, 2025), Bukalapak’s management said that there is still a remaining buyback fund of IDR 1.13T out of the total budget of IDR 1.9T. The total value of the buyback is estimated at IDR 1.13T. The second stage of the buyback will be carried out gradually or all at once, with a deadline until October 6, 2025, starting from July 7, 2025. The purchase price will be adjusted to a value deemed fair and beneficial by the company. Management emphasizes that this corporate action will not have a significant negative impact on the
company’s operational or financial performance. This is because Bukalapak is considered to have
sufficient capital and cash flow to support the execution of the buyback
MFIN Will Conduct a Buyback
PT Mandala Multifinance Tbk (MFIN) has announced a plan to buy back shares worth IDR 25B, following the completion of the merger process with PT Adira Dinamika Multi Finance Tbk (ADMF). This corporate action is equivalent to 10 percent of the issued and fully paid-up capital. This step is a strategy for the company to strengthen its capital structure and maintain the investment value of the shareholders.The
buyback will be carried out between July 3 and July 15, 2025, at a price deemed reasonable.
The company has set a reference price of IDR 3,426 per share, based on the average closing price over the last 90 calendar days prior to the merger approval by the Board of Commissioners on April 28, 2025.
SMDR to Distribute IDR 180.13B Dividend from 2024 Earnings
Samudera Indonesia (SMDR) will distribute IDR 180.13B in dividends, representing approximately 21.86% of its 2024 net profit of IDR 824B. Investors will receive a total dividend of IDR11 per share, consisting of an interim dividend of IDR 2 per share paid on August 28, 2024, and a final dividend of IDR 9 per share to be disbursed on July 30, 2025. The remaining 78.14 percent of profit, amounting to IDR643.87B, will be retained for working capital and investment. The dividend schedule includes cum dates on July 8 (regular
and negotiation markets) and July 10 (cash market), with the ex-dates following on July 9 and July 11 respectively. Shareholders recorded by July 10 at 16:00 WIB will be entitled to the cash dividend. This policy is based on financial data as of December 31, 2024, with net income of USD 50.7M, retained earnings of USD 480.38M, and total equity of USD 727.21M. (Emiten)
TLKM Targets New Revenue Streams
PT Telkom Indonesia (TLKM) has received support from Commission VI of the Indonesian House of
Representatives (DPR RI) to accelerate its business transformation toward non-connectivity revenue sources beyond Telkomsel, including the formation of a strategic holding structure to enhance efficiency and competitiveness. Newly appointed President Director, Dian Siswarini, emphasized the importance of optimizing technology and customer segmentation to increase Telkomsel’s Average Revenue per User
(ARPU), while also expanding revenue contributions from other subsidiaries through portfolio evaluation and streamlining, as part of Telkom’s goal to become a world-class digital company that is adaptive and competitive. (Bisnis Indonesia)
TOTL Secures IDR 2.49T New Contracts in 1H25, Hits 50% of FY Target
PT Total Bangun Persada Tbk. (TOTL) recorded a realization of new contract value amounting to
IDR 2.49T by the end of 1H25. This achievement represents 49.75% of the total target for new
contract value (NKB) set for this year at IDR 5T. TOTL aims for a revenue of IDR 3.5T with a target
net profit of IDR 265B for the current year.
