Danantara Transferred Martabe Gold Mine to Perminas, Not Aneka Tambang (ANTM)

MACROECONOMY 
Fed Held Rates at 3.5%–3.75%, Powell Signals Limited Scope for Further Cuts 
The Fed kept the federal funds rate unchanged at 3.5%–3.75% in a 10–2 decision, with Powell signaling cautious optimism as the U.S. economic outlook showed “clear improvement,” supported by accelerating growth, cooling inflation, and a stabilizing labor market. Officials removed language on rising downside employment risks, reinforcing expectations that additional near term rate cuts are unlikely. While inflation remains above target at around 3% at end-2025, Powell described the trend as “modestly positive,” attributing much of the overshoot to one-off tariff related goods price increases, while reaffirming the Fed’s independence amid mounting political pressure. (Bloomberg) 

Bank Indonesia (BI) Planned to Continue Debt Switching with Govt. in 2026 
BI planned to continue its debt switching program with the govt. in 2026 as part of its monetary policy mix to support liquidity expansion, Governor Perry Warjiyo said on 28-Jan. In 2025, BI absorbed IDR 332.1 tn of SBN, with IDR 246.6 tn or 74.25% executed via debt switching to finance priority govt. programs, while additional SBN purchases reached IDR 23.7 tn as of 23-Jan-26. Liquidity expansion was also reflected in SRBI outstanding declining to IDR 730.9 tn at end-2025 from IDR 919.9 tn at early 2025. (Bloomberg Technoz) 

INDUSTRY 
Danantara Transferred Martabe Gold Mine to Perminas, Not Aneka Tambang (ANTM) 
Danantara confirmed the transfer of the Martabe gold mine operated by PT Agincourt Resources to Perminas, a newly established national mining co. under Danantara, instead of MIND ID or ANTM, as part of a business-driven restructuring decision. Management stated Perminas is a separate entity directly under Danantara and distinct from MIND ID, with the transfer aligned to the long-term lifecycle of state-owned mining assets. Danantara has yet to confirm whether compensation will be provided to Agincourt Resources or United Tractors (UNTR), while the move contrasts earlier statements suggesting revoked mining licenses would be handed to MIND ID or ANTM. (Kontan)