Trump Threatened New Tariffs as US–Japan Trade Talks Stalled

MACROECONOMY
Trump Threatened New Tariffs as US–Japan Trade Talks Stalled
President Donald Trump again threatened Japan with new tariffs ahead of the 09 Jul-25 deadline, citing Tokyo's resistance to importing US rice despite facing shortages. While the White House emphasized that talks would continue, Trump warned that non-cooperative partners would be served letters enforcing tariffs. The US is reportedly finalizing deals with key partners post 04-Jul holiday, with only frameworks with China and the UK disclosed so far. Japan is pushing for exemption from auto and export tariffs, but the US remains firm due to Japan's limited imports of US-made cars. (Bloomberg Technoz)

INDUSTRY
Government Finalized 8-15% Online Motorcycle Taxi Fare Increase The Govt. plans to increase Ojol fares by 8-15% after completing final studies by the Ministry of Transportation. Director General of Land Transportation Aan Suhanan stated the fare increase varies across three zones, with Zone I, II, and III seeing different percentage increases. The ministry plans to call app-based transport providers to discuss the implementation, though operators have reportedly agreed in principle to the fare hike. The fare increase addresses demands from driver partners who protested on 20 May-25, calling for reduced commission cuts, fare increases, and elimination of promotional schemes that hurt driver earnings. (Emitennews)

COMPANY 
Mitra Adiperkasa (MAPI) Approved IDR 166 Bn Dividend Distribution 
MAPI shareholders approved the distribution of IDR 166 bn cash dividend (IDR 10/sh; Div.yield: 0.8%) for FY24 at the AGMS on 30 Jun. The dividend represents a payout ratio of 7.7% from FY24. Additionally, IDR 5 bn will be allocated to the Co's reserve fund. (Kontan) 

MAP Aktif (MAPA) to Distribute IDR 114 bn Dividend 
MAPA has approved a cash dividend of IDR 114.01 bn (IDR 4/sh, Div. yield: 0.06%), reflecting an 8.5% DPR from FY24 net income of IDR 1.35 tn. MAPA clarified an IDR 5 bn to be allocated to the Co's reserve fund, and the remaining IDR 1.23 tn as retained earnings. (Bisnis.com)