Indonesia Inflation Rose to 2.65% in Sep-25

MACROECONOMY 
Indonesia Inflation Rose to 2.65% in Sep-25 

Indonesia's annual inflation rate accelerated to 2.65% in Sep-25 (vs Aug25; 2.31%), marking the highest level since May-24 but still within BI 1.5- 3.5% target range. The uptick was mainly driven by faster food inflation (5.01% vs 3.99%), while health also picked up (2.01% vs 1.91%). Meanwhile, inflation moderated in education, clothing, accommodation and restaurants, furnishing, and housing. Core inflation edged up to 2.19% (vs Aug-25; 2.17%). On a monthly basis, CPI rose 0.21%, rebounding from a 0.8% decline in Aug-25 and above market expectations of +0.13%. (Trading Economics)

INDUSTRY 
Indonesia Coal Export Fell 20.99% to USD 15.91 bn in 8M25 
BPS reported coal export value reached USD 15.91 bn in Jan-Aug 2025, down 20.99% YoY from USD 20.13 bn. Export volume fell 5.16% YoY to 251.13 mn tons, with average unit value sliding 14.62% YoY to USD 63.48/ton. Meanwhile, steel export rose 10.26% YoY to USD 18.29 bn and CPO export jumped 35.23% YoY to USD 16.66 bn, bringing the three commodities' share to 28.87% of total non-oil and gas exports. (Kontan)

COMPANY 
Astra International (ASII) Acquired 83.67% of Mega Manunggal Property (MMLP) for IDR 3.34 tn 
ASII, through subsidiary Saka Industrial Arjaya (SIA), completed acquisition of 83.67% MMLP shares on 30 Sep-25 for IDR 3.34 tn. The deal followed a conditional sale and purchase agreement signed on 21 Jul-25 with Suwarna Arta Mandiri (SAM), majority shareholder, and Bridge Leed Limited (17.51%), along with several minority holders. With closing, SIA officially became MMLP's controlling shareholder, fully consolidated under Astra. (Emitennews)