Danantara Planned Five Downstream Projects Worth IDR 100 tn

MACROECONOMY 
US ISM Services PMI Rose to 52.6 in Nov-25 
The US ISM Services PMI edged up to 52.6 in Nov-25 (vs Oct-25: 52.4) above consensus 52.1, signaling improving momentum in the services sector. Growth was supported by firmer business activity (54.5) and new orders (52.9), while order backlogs climbed to 49.1, the highest since Feb, pointing to an emerging demand recovery. However, employment remained in contraction (48.9), and firms continued to cite tariffs and the govt. shutdown as headwinds to demand and costs. Supplier deliveries slowed (54.1), likely reflecting logistics disruptions, while price pressures eased to a seven-month low (65.4). (Trading Economics) 

INDUSTRY 
Danantara Planned Five Downstream Projects Worth IDR 100 tn 
President Prabowo Subianto met Head of Badan Pengelola Investasi Daya Anagata Nusantara (Danantara) and Investment and Downstreaming Minister Rosan Roeslani to discuss progress on five downstream projects scheduled for groundbreaking early next month, with total investment of USD 6 bn or around IDR 100 tn. The meeting also reviewed Waste-to-Energy projects aimed at improving waste management while generating economic value, underscoring govt. commitment to accelerate industrial downstreaming and sustainable investment. (Emitennews)

COMPANY 
Chandra Asri Pacific (TPIA) Divested Equipment Worth IDR 84 bn to Subsidiary 
TPIA executed an affiliate asset sale to its subsidiary, PT Wastewater Solution Indonesia (WSI), on 31 Dec-25. The IDR 84 bn transaction involves the transfer of industrial equipment, including tanks, vessels, and machinery. This strategic move aims to optimize asset utilization and bolster WSI’s operational expansion within the chemical, energy, and infrastructure solution sectors. Management highlighted that WSI’s specialized expertise will maximize these assets, fostering stronger operational synergies across the group. (Kontan)