• Economy: IMF cuts Indonesia economic growth projection
The International Monetary Fund (IMF) has cut economic growth quite sharply to 4.7% in
2025 and 2026, much lower than the forecast on Jan 25. At that time, the IMF projected that
the Indonesian economy would grow by 5.1%. The projection cut was caused by the
weakening of global economic growth, especially the Chinese economy. In its latest report,
the IMF projects the world economy to grow by only 2.8% in 2025 and 3.0% in 2026. This
projection is far below the Jan 25 forecast of 3.3% in 2025 and 2026. China’s economy is
projected to grow by only 4.0% in 2025 and 2026, much lower than the Jan 25 forecast of 4.6%
in 2025 and 4.5% in 2026. (CNBC)
• Economy: BI holds interest rate at 5.75%
Bank Indonesia (BI) decided to maintain BI rate at 5.75% for the third consecutive month,
following a 25 bps point cut in Jan 25 from 6.00%. The deposit facility and lending facility
rates were also held steady at 5.00% and 6.50%, respectively. BI Governor Perry Warjiyo stated
that this decision aligns with efforts to keep inflation within the government’s 2025–2026
target of 2.5% ± 1%, and to stabilize the rupiah amidst increasing global uncertainty. The
central bank continues to monitor the potential for further rate cuts, considering exchange
rate stability, inflation outlook, and economic growth needs. (Kontan)
• ANJT Sells Subsidiary to Taiwan’s Chun Yu Works for IDR 68.9B
Austindo Nusantara Jaya (ANJT) has signed a Share Sale and Purchase Agreement to divest
its entire stake in Moon Lion Industries Indonesia, a bolt and nut manufacturer, to Chun Yu
Works & Co., Ltd, a Taiwan-based bolt manufacturer, and Ir. Mintarto Halim for a total of IDR
68.9B. The transaction involves the sale of 2,376,523 shares, with Chun Yu Works acquiring
2,276,523 shares worth IDR 66B and Mintarto Halim acquiring 100,000 shares worth IDR 2.9B.
Notably, ANJT’s parent company was recently acquired by Ciliandra Perkasa, a subsidiary of
Singapore’s First Resources Pte Ltd, as part of its expansion plans in the palm oil industry.
(Emiten news)
• BALI to issue 393M new shares for additional capital
Bali Towerindo Sentra (BALI) has announced a plan to raise capital through a private
placement, involving the issuance of 393,459,250 new common shares at a nominal value of
IDR 20 per share. This issuance represents 10% of the company’s post-placement issued and
paid-up capital. As a result, existing shareholders will experience a dilution of approximately
9.09% in their ownership percentage. The proceeds from this capital increase will be used to
strengthen the company’s cash flow and support its business development efforts, including
improving its debt-to-equity ratio. The Extraordinary General Meeting of Shareholders
(EGMS) to seek approval for this corporate action is scheduled for 25 Apr 25. (IDX Channel)
• BBCA’s net profit grew 9.8% yoy in 1Q25
Bank Central Asia (BBCA) reported a net profit of IDR 14.1T in 1Q25, marking a 9.8% increase
from IDR 12.88T in the same period of the previous year. This profit growth was driven by a
rise in net interest income, which reached IDR 21.1T. BBCA also demonstrated strong credit
growth, with total loan disbursements climbing 12.6% yoy to IDR 941T during the 1Q25.
(Bloomberg)
