Indonesia's Inflation Accelerated to 3.08% YoY in May-26
Indonesia recorded headline inflation of 3.08% YoY in May-26, accelerating from 2.42% YoY in Apr-26 and exceeding market expectations of 2.97%, although remaining within Bank Indonesia's target range of 1.5%–3.5%. The increase was primarily driven by food prices, which rose 4.94% YoY versus 3.06% in Apr-26, supported by higher staple food costs and elevated distribution expenses across several regions. Inflation also accelerated across most expenditure categories, including housing, transportation, clothing, furnishings, healthcare, communication, recreation, education, and restaurants. Meanwhile, core inflation increased to 2.59% YoY from 2.44% YoY in Apr-26, marking the highest level in three months and indicating stronger underlying price pressures. On a monthly basis, CPI rose 0.28% MoM, accelerating from 0.13% MoM in Apr-26 and surpassing consensus estimate of 0.14% MoM. (Trading Economics)

Indonesia's Trade Surplus Narrowed to USD89.1 mn in Apr-26
Indonesia recorded a trade surplus of USD89.1 mn in Apr-26, narrowing from USD200 mn in Apr-25 and significantly below market expectations of USD1.5 bn. The result marked the smallest trade surplus since Indonesia last posted a trade deficit in Apr-20. Imports surged 22.49% YoY, accelerating sharply from 1.51% YoY in Mar-26, driven by an 85.52% YoY increase in oil and gas imports and a 14.11% YoY rise in non-oil and gas imports. Meanwhile, exports jumped 21.98% YoY, rebounding from a 3.1% contraction in Mar-26 and recording the strongest growth since Aug-22. Non-oil and gas exports increased 23.36% YoY, supported by strong demand from major trading partners including the US (+38.72% YoY), China (+29.56% YoY), Japan (+10.03% YoY), and ASEAN (+13.26% YoY). Despite the weaker Apr-26 surplus, Indonesia still posted a cumulative trade surplus of USD5.64 bn during 4M26. (Trading Economics)

Bumi Resources (BUMI) Provided IDR 1.51 tn Loan Facility to Arutmin Indonesia
BUMI disbursed an IDR 1.51 tn loan to its subsidiary, Arutmin Indonesia, on 26 May-26 to support the co.'s working capital and daily operational requirements. The financing is part of a broader IDR 1.6 tn facility agreement signed on 28 Apr-26, funded through proceeds from BUMI's PUB I Phase V bond issuance. The facility consists of two tranches, with Tranche A carrying interest of 8.0% p.a. and Tranche B carrying interest of 9.25% p.a. Management stated the affiliated transaction provides a faster and more efficient funding mechanism compared with third-party financing, without requiring collateral. (Kontan)

Vale Indonesia (INCO) to Disburse Dividend of USD45.6 mn
INCO approved FY25 cash dividend of USD45.6 mn, representing 60% payout ratio from FY25 net profit and increasing 32% from the USD34.6 mn dividend distributed for FY24. Shareholders registered on 12 Jun-26 will be eligible to receive the dividend, with payment scheduled on 26 Jun-26. The remaining FY25 earnings will be retained to support the co.'s future development and growth initiatives. (Investor Daily)

Fixed Income Daily Notes 04 Jun 2026

Fixed Income Daily Notes 04 Jun 2026

Fixed Income

04 June 2026 - 08.48am

Fixed Income Daily Notes 04 Jun 2026

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Indonesia's Inflation Accelerated to 3.08% YoY in May-26