MACROECONOMY

UAE Oil Hub Hit by Drone Strike, Airports Temporarily Shut on 04 May-26
The UAE confirmed on 04 May-26 that air defenses intercepted missiles and drones following a strike that triggered fire at Fujairah’s key oil industrial zone, prompting temporary closure of airports and flight diversions across the region. The incident injured three individuals and disrupted operations at one of UAE’s critical export hubs, which channels crude via pipeline bypassing the Strait of Hormuz. The escalation ended a brief post-ceasefire calm, heightening geopolitical risk across Middle East energy supply routes and reinforcing oil market volatility outlook. (CNBC)

Danantara Planned USD 1 bn Investment for Jakarta Waste-to-Energy Projects
Danantara plans c.USD 1 bn investment to develop waste-to-energy (PSEL) projects in Jakarta, targeting processing capacity of 8,000–12,000 tons/day to address accumulated waste of c.60 mn tons and support govt. priority on waste management. The project targets operation by early 2028 across three sites, with electricity to be off-taken by PLN at tariff of USD 0.20/kWh, highlighting strong monetization framework. The initiative reflects strategic push to integrate environmental solutions with energy supply, while supporting long-term urban sustainability and infrastructure development. (CNBC Indonesia)

COMPANY

Bank Mandiri (BMRI) to Disburse Final Dividend of IDR 476.95/sh
BMRI will distribute total dividends totaling IDR 44.47 tn, translating to a DPS of IDR 476.95/sh (including interim IDR 100/sh); implying final dividend of IDR 376.95/sh with (Div. yield: 8.53%); the schedule of disbursement is as follows:
- Cum Dividend in the Regular Market and Negotiated Market on 08 May-26.
- Ex Dividend in the Regular Market and Negotiated Market on 11 May-26.
- Cum Dividend on the Cash Market on 12 May-26.
- Ex Dividend on the Cash Market on 13 May-26.
- Recording date on 12 May-26.
- Dividend payment on 25 May-26. (CNBC)

Bumi Serpong Damai (BSDE) Recorded Presales Growth in 1Q26
BSDE recorded marketing sales of IDR 2.54 tn in 1Q26, representing 25% of FY26 target of IDR 10 tn and increasing 5% YoY, driven by residential segment contribution of IDR 1.23 tn (49%), followed by commercial at IDR 944.14 bn and others at IDR 364.39 bn, reflecting resilient property demand and strong contribution from BSD City and key projects. (Kontan)

Semen Indonesia (SMGR) Exported 11,275 mt Cement to Reunion Island
SMGR exported 11,275 mt of cement to Reunion Island, France in early May-26, marking its entry into the European market, with total planned shipments reaching 31,500 mt for May–Jul-26. The export utilized Teluk Bayur Port and features CEM I 52.5 N cement with CE certification, supporting compliance with EU standards and enabling market penetration. The move reflects the co.’s strategy to expand global footprint, optimize utilization, and diversify into low-carbon building materials amid competitive global cement dynamics. (Kontan)

OCBC NISP (NISP) Signed Acquisition of HSBC Indonesia Retail & Wealth Business
NISP signed an agreement to acquire HSBC Indonesia’s International Wealth and Premier Banking (IWPB) business, covering c. IDR 89.8 tn AUM, comprising IDR 58.2 tn investment assets and IDR 31.6 tn deposits, alongside IDR 3.6 tn retail loans. The transaction, expected to complete in 2Q27, is projected to lift the co.’s AUM by ~25% and boost credit card balances by >150%, supported by integration of ~336k customers and 1,300 employees. The deal strengthens NISP’s positioning in wealth management, leveraging OCBC Group’s integrated platform, with earnings accretion expected post-completion excluding one-off costs. (Kontan)

Bangun Kosambi Sukses (CBDK) Recorded Strong Earnings Growth in 1Q26
CBDK recorded revenue of IDR 743 bn in 1Q26, increasing 74% YoY, while net profit surged to IDR 542 bn driven by strong land plot sales, particularly from PIK2 commercial area, reflecting solid monetization of property development and strengthening long-term growth foundation. (Kontan)

Fixed Income Daily Notes 05 May 2026

Fixed Income Daily Notes 05 May 2026

Fixed Income

05 May 2026 - 08.17am

Fixed Income Daily Notes 05 May 2026

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UAE Oil Hub Hit by Drone Strike, Airports Temporarily Shut on 04 May-26

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Fixed Income Daily Notes 04 May 2026

stocks

Indonesia Govt. Recorded MBG Budget Realization of IDR 70.2 tn