Bank Indonesia Cut BI Rate to 5.25% in Jul-25 Meeting

MACROECONOMY 
Bank Indonesia Cut BI Rate to 5.25% in Jul-25 
Meeting Bank Indonesia lowered the BI Rate by 25 bps to 5.25% in its Jul-25 Board of Governors Meeting, alongside a cut to the Deposit Facility (4.50%) and Lending Facility (6.00%). Governor Perry Warjiyo stated the move reflected lower inflation forecasts for 2025–2026 (within the 2.5±1% target), maintained FX stability, and the need to support economic growth. BI signaled further easing remains possible depending on global and domestic dynamics. (Bisnis.com)

INDUSTRY 
US Sets 200% Tariff Threat on Pharma and Semiconductors 
The US plans to impose 200% tariffs on pharmaceutical imports unless manufacturers establish domestic production within a year. Semiconductor products could also face steep tariffs. Trump's administration justifies the move as part of reciprocal trade measures to reduce dependency and protect national security. The policy, set to begin in August, mirrors earlier actions on metals and may extend to nations with significant trade surpluses with the US. (Kontan) 

Ministry ESDM Surpassed 2024 Non-Tax Revenue Target with IDR 269.65 Tn 
ESDM booked IDR 269.65 tn in non-tax revenue (PNBP) in 2024, reaching 113% of its IDR 238.39 tn target, driven by oil & gas, mineral, and geothermal sectors. As of Jun-25, ESDM has collected IDR 117.17 tn (46% of the 2025 target), while also earning a top audit opinion (WTP) from BPK for its 2024 financial statements. (Emitennews)

COMPANY 
Astra International's (ASII) Subsidiary Targets IDR 2.9 Tn Transactions at GIIAS 2025 
Across Four Cities Astra Financial, the financial arm of ASII, is targeting IDR 2.9 tn in total transactions during GIIAS 2025, matching its 2024 achievement of IDR 2.93 tn. The group will expand its presence to Tangerang, Surabaya, Semarang, and Bandung, offering integrated financial services to support vehicle ownership amid a challenging automotive market. (Investor.id)