China Inflation Rose to 0.7% in Nov-25

MACROECONOMY 
China Inflation Rose to 0.7% in Nov-25 
China’s inflation accelerated to 0.7% YoY in Nov-25 (vs Oct-25; 0.2%), driven by a rebound in food prices (+0.2% YoY vs –2.9%) as fresh vegetables and fruit strengthened and pork deflation narrowed. Nonfood inflation remained firm at 0.8%, supported by ongoing consumer trade-in programs, with price gains in clothing (+1.9%), healthcare (+1.6%) and education (+0.8%). Core inflation held at 1.2% YoY, its 20- month high, indicating stable underlying demand. On a MoM basis, CPI slipped 0.1% the first drop in five months against expectations of a 0.2% increase. (Trading Economics) 

COMPANY 
Triputra Agro Persada (TAPG) and Aisin Takaoka Inaugurated Biocoke Production Facility in West Kalimantan 
TAPG and Japan’s Aisin Takaoka inaugurated a biocoke production facility in West Kalimantan on 09-Dec-25, operated under their JV entity PT ATP Bio Indonesia. Management stated the facility marks TAPG’s commitment to green energy, following the MoU signed in Jun-24 to develop palm-shell–based biocoke as an alternative to coking coal for the steel foundry industry. The co. highlighted that biocoke can fully replace coking coal without reducing combustion quality, enabling lower carbon emissions and waste. (Kontan)

Waskita Karya (WSKT) Reached 90% Progress on Probolinggo–Banyuwangi Toll Road 
WSKT reported 90.66% progress on the Probolinggo–Banyuwangi Toll Road Package 3, with the 5.8 km segment targeted to open for free during the upcoming Christmas and New Year holidays to ease traffic congestion. Management highlighted that the route, which includes a 450 m bridge spanning the Paiton hills, is set to enhance regional tourism access to Kawah Ijen, Pantai Pulau Merah, Baluran, and Alas Purwo. The toll road is expected to cut Probolinggo–Besuki travel time from 1 hour 15 minutes to around 30 minutes at 80–100 km/h, supporting logistics efficiency and regional economic growth. (Kontan)