Govt. Announced IDR 26.3 tn Economic Stimulus Package for 2H26

Govt. Granted Special Legal Protection for Danantara's Patriot Bonds and Merah Putih Bonds

Under the revised PPSK Law, Danantara is authorized to issue special debt instruments, namely Patriot Bonds and Merah Putih Bonds, with investors receiving enhanced legal protection for purchases made in the primary market. The law stipulates that investors will be protected from criminal prosecution, including tax-related offenses, and civil lawsuits related to the acquisition of these instruments. Additionally, transaction data and information arising from purchases cannot be used as a basis for tax assessments or as evidence in court proceedings. The framework also allows holders to transfer or pledge the bonds and explicitly includes participants of previous Tax Amnesty and Voluntary Disclosure Programs (PPS) as eligible investors. The measure is intended to broaden investor participation and strengthen Danantara's long-term funding capabilities. (Bloomberg Technoz)

Govt. Announced IDR 26.3 tn Economic Stimulus Package for 2H26

The govt. unveiled a IDR 26.3 tn economic stimulus package for 2H26, consisting of transportation incentives (IDR 2.0 tn), internship and vocational programs (IDR 6.3 tn), and food assistance (IDR 18.0 tn). The food assistance program will resume during Jul-Sep 2026, targeting 33.2 mn beneficiaries. In addition, the govt. introduced a soybean subsidy of IDR 2,000/kg for tofu and tempe producers, covering up to 250k tons to mitigate raw material price volatility. Other measures include a special 1.5% final income tax rate on authors' royalties, 0% import duties on LPG for petrochemical industries, 0% import duties on plastic raw materials, and 0% import duties on aircraft spare parts to support the aviation and MRO sectors. The package is aimed at supporting household consumption, improving industrial competitiveness, and sustaining economic growth in 2H26. (Bloomberg Technoz)

US-Iran Talks Continued, Oil Prices Returned to Stability

The US granted Iran a 60-day license to sell oil on international markets as part of ongoing peace negotiations in Switzerland, signaling a temporary easing of tensions between the two countries. The move raised expectations of a quicker recovery in global energy supply and reflected early progress in diplomatic efforts. During this period, energy shipments through the Strait of Hormuz also increased, while Kuwait, the UAE, and Iran expanded exports through alternative routes. However, uncertainty remained as disagreements persisted over Iran’s nuclear inspection commitments. (Emitennews)

Geoprima Solusi (GPSO) Approved Business Transformation, Asset Acquisition, and Private Placement

GPSO shareholders approved a major business transformation, including a shift into mechanical component trading and non-residential real estate, following the entry of PT PIMSF Pulogadung (PIMSF) as the new controlling shareholder. The co. also approved the acquisition of land, factory buildings, and machinery from affiliated entity PT Jakarta Indah Casting (JIC) for IDR 78.5 bn, with the assets initially leased back to JIC for IDR 9.3 bn/year. According to the feasibility study, the transaction could increase net profit by up to 400% in the first year, supported by an estimated 38.3% IRR and a 5.8-year payback period. To partially fund the acquisition, GPSO will conduct a private placement of up to 66.7 mn new shares (10% of outstanding shares), implying potential dilution of approximately 9.1% for existing shareholders. (Emitennews)