• Economy: Consumer confidence dwindled on Mar 25
Bank Indonesia’s Consumer Survey reported the Consumer Confidence Index (CCI) at 121.1 on
Mar 25, down 5.3 points from 126.4 in Feb. The drop was attributed to weaker perceptions of
both current and future economic conditions. The Current Economic Condition Index (CECI)
and Consumer Expectation Index (CEI) also fell to 121.7 and 110.6 respectively, from 138.7 and
114.2 the previous month. Despite the decline, confidence remained in the optimistic zone
(above 100). The dip in CECI was driven by decreases in the Income Index (121.3), Durable
Goods Purchase Index (110.2), and Job Availability Index (100.3). Similarly, CEI weakened due
to lower expectations in income (137.0), business activity (132.2), and job availability (125.9),
signaling cautious sentiment as consumers anticipate more economic uncertainty. (Kontan)
• BNGA to distribute IDR 155 dividend per share
CIMB Niaga (BNGA) will distribute IDR 3.91T in dividends from its 2024 financial performance,
representing 60% of its net profit of IDR 6.52T. Approved during the Annual General Meeting
of Shareholders on 14 Mar 25, the dividend amounts to approximately IDR 155 per share and
will be paid on 14 May 25. The remaining profit will be retained to support the bank’s business
operations. (Bisnis Indonesia)
• INTP to buyback shares of up to IDR 2.25T
Indocement Tunggal Prakarsa (INTP) plans to conduct a share buyback of up to IDR 2.25T,
pending approval at its General Meeting of Shareholders on 21 May 25. The buyback will run
for 12 months starting 22 May 25 and will be funded entirely from internal cash, without
external borrowing. The company sees its shares as undervalued and believes the buyback
will enhance market perception. Up to 10% of paid-up capital, or around 368M shares, may
be repurchased through the Indonesia Stock Exchange. (Bisnis Indonesia)
