BI Recorded 7.3% YoY Growth in Adjusted M0 for Aug-25

MACROECONOMY
BI Recorded 7.3% YoY Growth in Adjusted M0 for Aug-25
Bank Indonesia reported Aug-25 adjusted M0 growth of 7.3% YoY to IDR 1,961.3 tn, up from 7.0% in Jul-25. The increase was driven by 12.1% YoY growth in currency in circulation and 8.7% YoY growth in adjusted commercial bank demand deposits at BI, reflecting the impact of liquidity incentives. (Emitennews)

INDUSTRY
Indonesia Car Sales Fell 19% YoY in Aug-25
Car sales in Indonesia fell to 61,780 units (-19% YoY) in Aug-25, extending a four-month decline as weak purchasing power weighed on demand. Despite the slump, sales inched up +1.5% MoM. GAIKINDO maintained its 2025 sales target of 750k–900k units (vs 850k in 2024) but warned of possible revisions amid 1H25 weakness. (Trading Economics)

COMPANY
Pantai Indah Kapuk Dua (PANI) Set IDR 16.7 tn Rights Issue Plan to Acquire Bangun Kosambi Sukses (CBDK) Shares
PANI set the acquisition price of CBDK at IDR 6,450/sh, aiming to raise up to IDR 16.7 tn from its 3rd rights issue in Dec-25. PANI plans to use IDR 16.1 tn to acquire 44.1% CBDK shares from PT Agung Sedayu and PT Tunas Mekar Jaya, raising its ownership from 45.9% to 90%. The remaining ~IDR 600 bn will be allocated to fund three subsidiaries (Cahaya Inti Sentosa, Karunia Utama Selaras, Panorama Eka Tunggal). Management expects the transaction to double PANI’s net profit by 2026, in line with the increase in CBDK’s equity contribution. The rights issue plan awaits approval from shareholders at the EGM on 09 Oct-25. (Bisnis.com)

Gudang Garam (GGRM) Denied Mass Layoff Rumors
GGRM denied reports of mass layoffs, clarifying that the release of 309 employees was due to normal retirement, voluntary early retirement, and contract expiration. Management emphasized the move had no impact on operations, with all employee rights fulfilled per regulations. Facing weak consumer purchasing power amid high excise taxes and illegal cigarette circulation, GGRM introduced new product variants in 2024 to adapt to market conditions and aimed to continue innovating to sustain competitiveness. (Bisnis.com)