Aldira Sunrise 2 Oktober 2024

Economy: CPI deflates 0.12% on Sep 24
The Consumer Price Index (CPI) recorded a deflation of 0.12% mtm on Sep 24. On an annual basis, the CPI during that period recorded inflation of 1.84% yoy, lower than the previous month’s inflation of 2.12% yoy. On an annual basis, core inflation on Sept 24 was recorded at 2.09% yoy, an increase from inflation in the previous month of 2.02% yoy. Meanwhile, the volatile food group on Sep 24 continued deflation of 1.34% mtm, mainly contributed mainly by red chilies, cayenne peppers, and purebred chicken eggs. On an annual basis, the volatile food group experienced inflation of 1.43% yoy, a significant decline from the previous month’s inflation of 3.04% yoy. (Bisnis Indonesia)
Economy: PMI rises slightly to 49.2 on Sep 24
Indonesia’s PMI increased slightly to 49.2 on Sep 24 from 48.9 on Aug 24. This figure shows a contractionary condition like the previous month. The decline in PMI performance mainly reflected the monthly decline in output and new orders during Sep, which had been running for three consecutive months. Companies responded to this condition by reducing their purchasing activities, using existing inventory, and maintaining very tight costs and operating efficiency. The world economy until 3Q24 is still experiencing a slowdown. However, some countries such as the Philippines (53.7), India (56.7), and Thailand (50.4) are still expanding even though they are experiencing the same global market conditions as Indonesia. (Kontan)
INDY sell a subsidiary worth IDR 26.7B to Barito Pacific Lumber
Indika Energy (INDY) through Indika Multi Properti (IMP), released one of its subsidiaries to Barito Pacific Lumber (BPL). On 26 Sep 24, a conditional share sale and purchase agreement had been signed by Barito Pacific Lumber (BPL) and/or its affiliates. This transaction concerns the transfer of all shares owned by IMP in Trisetia Citagraha (TCG) totaling 6,332 shares. This amount represents 80% of INDY’s indirect ownership in TCG. The agreed value for this transaction is IDR 26.77B, which will be completed in two stages. Phase I is worth IDR 22.29B for the transfer of rights to the advance payment for capital and the transfer of 80% of IMP shares to BPL. Meanwhile, phase II is worth IDR 4.47B for the transfer of 20% of IMP shares to buyers. (Kontan)