Indonesia Posted IDR 479.7 tn Fiscal Deficit as of Oct-25

MACROECONOMY 
Indonesia Posted IDR 479.7 tn Fiscal Deficit as of Oct-25 
Indonesia’s APBN recorded a IDR 479.7 tn deficit as of Oct-25, equal to 2.02% of GDP (vs outlook 2.78%), supported by revenue of IDR 2,113.3 tn and spending of IDR 2,593.0 tn, with the co. highlighting prudent fiscal discipline amid global volatility. The government also injected IDR 76 tn into national and regional banks, allocated to BMRI, BBRI, BBNI (each IDR 25 tn) and BDKI (IDR 1 tn), to accelerate credit distribution, with participating banks already deploying 84% of the initial IDR 200 tn placement. (Emitennews) 

INDUSTRY 
Government Prepared Scheme to Boost Egg and Poultry Production 
The gov. outlined a production-boost plan for the Free Nutritious Meal Program (MBG), targeting 700,000 tn of eggs and 1.1 mn tn of chicken through coordination between the agriculture ministry, state food enterprises, local govs, cooperatives, and smallholders. The scheme includes poultry-cluster development, feed mill and hatchery expansion, and low-interest KUR financing to support farmers, while BUMN food units will act as off-takers to stabilize market prices. (Kontan) 

China’s Rare-Earth Magnet Exports Dropped in Oct but Shipments to the U.S. Jumped 
China’s rare-earth-magnet exports fell 5.2% MoM to 5,473 tons in Oct, marking a second monthly decline, even as exports to the U.S. surged 56.1% MoM to a nine-month high of 656 tons following Beijing’s temporary suspension of export-control measures. The co. data showed total shipments remained 15.8% higher YoY, while industry sources said China is drafting a new licensing regime that could streamline exports, though not a full easing of restrictions sought by Washington. (Reuters)