US 4-Week Moving Jobless Claims Drop to 240 Thousand
Initial jobless claims 4-week average, stripping week-to-week noise, edged down to 240 Thousand for week ended 13 Sep 2025 from prior 240.75 Thousand, signaling still-tight labor market. (Trading Economics)

Japan Core CPI Slows to 2.7% YoY in Aug, First Deceleration in Nine Months
Core CPI excluding fresh food matched forecast at 2.7% (Jul: 3.1%), while BOJ’s preferred gauge stripping fresh food & fuel cooled to 3.3% (Jul: 3.4%), giving households mild relief and keeping policy rate at 0.5% today. BOJ sees rice-driven cost pressures fading and expects solid wage-consumption loop to anchor 2% target, though Governor Ueda flags tariff uncertainty as reason to hike cautiously ahead. (Trading Economics)

BCAS: BMRI IJ - 1H25 Net Profit Down -7.9% YoY
- BMRI 2Q25 net profit came in at IDR 11.3 tn (-14.7% QoQ; -18.7% YoY), bringing 1H25 net profit to IDR 24.5 tn (-7.9% YoY).
- Net interest income rose to IDR 26.9 tn in 2Q25 (+5.4% QoQ; +8.0% YoY), lifting 1H25 NII to IDR 52.4 tn (+6.7% YoY).
- Operating income stood at IDR 36.3 tn in 2Q25 (-2.5% QoQ; +2.8% YoY), reaching IDR 73.5 tn in 1H25 (+5.6% YoY).
- PPOP reached IDR 17.9 tn in 2Q25 (-17.4% QoQ; -19.5% YoY), translating to IDR 39.7 tn in 1H25 (-8.7% YoY).
- Provisioning fell to IDR 2.6 tn in 2Q25 (-27.3% QoQ; -20.4% YoY), totaling IDR 6.3 tn in 1H25 (-9.1% YoY).
- LDR stood at 90.2% (vs. 92.5 in 1Q25), with NIM in 1H25 came in at 4.6% (vs. 4.8% in 1Q25).

Indo Tambangraya Megah (ITMG) Planned Share Buyback Up to IDR 2.49 tn
ITMG planned to repurchase up to 10% of its paid-up capital worth a maximum of IDR 2.49 tn after obtaining approval at the 3 Nov-25 AGM. The buyback would be executed via IDX gradually or at once during 4 Nov-25–4 Nov-26 using internal cash, including broker and other fees. (Emitennews)

Hexindo Adiperkasa (HEXA) to Distribute IDR 424.04/sh Dividend
HEXA will distribute a cash dividend of USD 21.74 mn (IDR 356.26 bn; DPS: IDR 424.04/sh; Div.Yield: 7.9%) for FY24, representing 70% of net profit USD 31.06 mn. The remaining USD 9.31 mn will be retained earnings. The dividend schedule is as follows:
- Cum Dividend (Regular and Negotiated Market): 24 Sep-25
- Ex Dividend (Regular and Negotiated Market): 26 Sep-25
- Cum Dividend (Cash Market): 26 Sep-25
- Ex Dividend (Cash Market): 29 Sep-25
- Recording Date: 26 Sep-25
- Payment Date: 17 Oct-25
(Kontan)

GoTo Gojek Tokopedia (GOTO) Secured IDR 4.65 tn Term Loan from DBS Indonesia & UOB
GOTO obtained a new IDR 4.65 tn 4-year term loan arranged by Bank DBS Indonesia and United Overseas Bank to refinance its remaining IDR 467 bn 2022 facility and fund general corporate purposes, investment, and working capital. Management said the facility strengthens GOTO’s financial position and provides additional flexibility to support growth and ecosystem efficiency. (Kontan)

Pyridam Farma (PYFA) Began Operations at New Pharmaceutical Plant in Australia
PYFA, through its subsidiary Probiotec, began operating its new 36,000 sqm Probiotec Multipack plant at Kemps Creek, NSW, which specialized in GMP/TGA-standard primary and secondary pharmaceutical packaging. The plant was targeted to be fully operational by end-Oct-25, enabling PYFA to serve the Australian market and expand exports while consolidating four plants into one larger facility to double capacity and save AUD 3–5 mn annually. (Kontan)

Dian Swastatika Sentosa (DSSA) Offered IDR 1.5 tn Debt Securities
DSSA will issue IDR 256.70 bn bonds and IDR 1.24 tn sukuk, with 20.36% (IDR 52.26 bn) and 35.54% (IDR 91.23 bn) allocated to bond interest payments, and 30.96% for partial bank loan repayment. The remaining funds will finance SSDP data center expansion, strengthening DSSA’s capital structure and diversifying from coal to digital infrastructure. (Kontan)

Energi Mega Persada (ENRG) Completed Kayuara-20 Well Drilling at Kampar Block
ENRG, through its subsidiary PT EMP Energi Riau, completed the drilling of Kayuara-20 well at Kampar Block on 15 Sep-25 after starting on 25 Jul-25, with production estimated at 200 bopd. This raised Kampar Block output from 845 bopd to over 1,000 bopd from the third week of September, with Kayuara-20 OOIP reaching 2.32 Mmbbl. (Emitennews)

Multi Hanna Kreasindo (MHKI) Secured IDR 4.95 Bn Loan Facility from Bank Rakyat Indonesia (BBRI)
MHKI signed a loan facility agreement with BBRI on 17 Sep-25 for IDR 4.95 bn with a 60-month tenor (Sep-25–Sep-30) to support its working capital and operational activities. The facility was collateralized by four land plots with buildings in Semarang, and management stated it would strengthen MHKI’s operations without affiliate relations in the transaction. (Kontan)

Metrodata (MTDL) Welcomes 25%–45% TKDN Incentive
MTDL sees the new TKDN rule under Permenperin No.35/2025, which grants 25% incentive for local investment and an additional 20% for R&D, as a driver to boost domestic ICT production. Director Randy Kartadinata said several global partners have started producing TKDN-compliant products locally, with notebooks and PCs dominating current sales. MTDL also allocates IDR 338 bn capex in 2025, including IDR 300 bn for equipment rental, IDR 18 bn for warehouse completion, and IDR 20 bn for IT systems. (Kontan)

Hasnur Internasional Shipping (HAIS) Expanded Fleet with New FLF Vessel
On 17 Sep-25, HAIS through its subsidiary PT Hasnur Multi Sinergi (HMS) held the keel laying of its new floating loading facility (FLF) HMS88 at PT Adiluhung Saranasegara Indonesia. The 6,500 GT vessel with 110.5 m length and 27.5 m width is equipped with 2 cranes and a conveyor system, supporting 35,000 tpd coal transshipment. The project, part of HAIS’s integrated coal logistics expansion, is targeted to complete in 4Q26 and operate in 1Q27. (Kontan)

Triputra Agro Persada (TAPG) Secured IDR 1.43 tn Credit Facility from Bank Negara Indonesia (BBNI)
On 17 Sep-25, TAPG through its subsidiary obtained IDR 830 bn committed working capital loan and IDR 600 bn uncommitted working capital facility from BBNI. TAPG stated the transaction has no material impact on its operations. (Kontan)

Jababeka (KIJA) Moves to Become Integrated Industrial Estate Manager
KIJA continues to innovate by developing an integrated industrial area through Cikarang Dry Port, the first inland port in Indonesia, to streamline logistics and cut distribution costs. The facility integrates customs, ports, airports, land transport and shipping services within one platform, making Jababeka evolve from an industrial zone into a full urban ecosystem. Commission VII DPR’s working visit highlighted the need to accelerate the Industrial Estate Bill to improve regulations, attract investment, and strengthen KIJA’s competitiveness. (Kontan)

Harta Djaya Karya (MEJA) Disclosed Investment Firm to Become New Controller
MEJA announced on 18 Sep-25 that PT Bisnis Bersama Berkah and PT Triple Berkah Bersama (Triple B) were in talks to acquire shares from Richie Adrian, MEJA’s 45% controlling shareholder, as part of Triple B’s investment and business expansion strategy. After the takeover, Triple B and other buyers would conduct a mandatory tender offer per OJK rules, lifting MEJA’s shares up 9.41% to IDR 93 on the same day. (Emitennews)

Riset BCA Vista

Indonesia Inflation Rose to 2.65% in Sep-25

Indonesia Manufacturing PMI Slipped to 50.4 in Sep-25

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