Indonesia's Inflation Accelerated to 3.34% in Jun-26

Indonesia's annual inflation accelerated to 3.34% YoY in Jun-26, up from 3.08% in May-26, exceeding market expectations of 3.2% and marking the highest level since Mar-26. Inflation remained within Bank Indonesia's 1.5%–3.5% target range, supported by broad-based price increases across most expenditure categories, particularly transportation (4.57% vs. 2.30% in May), housing (1.04% vs. 1.00%), and food (4.67% vs. 4.94%). Core inflation accelerated to 2.76%, the highest level in 38 months, from 2.59% in May, indicating stronger underlying price pressures. On a monthly basis, CPI rose 0.44% MoM, faster than 0.28% in May and above the consensus estimate of 0.30%, representing the strongest monthly increase since Feb-26. (Trading Economics)

Bank Indonesia (BI) Absorbed IDR 15 tn in SRBI Auction, Shifted Allocation to Longer Tenors

BI absorbed IDR 15 tn in its SRBI auction on 01 Jul-26, while shifting issuance toward longer maturities amid persistent global uncertainty and rupiah volatility. Allocation for the 12-month tenor increased to IDR 13.5 tn from IDR 8.85 tn in the previous auction, whereas the 6-month tenor declined sharply to IDR 600 bn from IDR 4.35 tn. The move suggests BI is not only managing liquidity absorption but also extending the duration of funds retained within the financial system to mitigate risks from capital flow volatility. Auction yields declined across all tenors, with 6-month SRBI at 7.30% (vs. 7.35%), 9-month at 7.44% (vs. 7.54%), and 12-month at 7.69% (vs. 7.70%), remaining above the 1-year government bond yield of 7.29%. (Bloomberg Technoz)

Darma Henwa (DEWA) Secured First External Mining Contract from PT Sebuku Sejaka Coal

DEWA, through subsidiary PT DH Kontraktama Batubara (DHKB), secured its first external mining services contract from PT Sebuku Sejaka Coal (SSC) to manage 55Mbcm of waste removal and produce 5Mt of coal over an initial five-year period, with potential extension until the mining concession expires. The project broadens DEWA's customer base beyond its affiliated group and is expected to increase waste removal volume by up to 40% versus FY25 level of 138Mbcm, supporting long-term earnings visibility. (Company)

Map Aktif Adiperkasa (MAPA) Acquired Sports Direct Malaysia for USD 148.9 mn

MAPA, through its Singapore-based subsidiary Athletica International Holdings Pte. Ltd. (AIH), acquired 100% stake in Sports Direct Malaysia Sdn Bhd (SDM) from Frasers Group Trading Limited (FGT) for USD 148.9 mn (equivalent to IDR 2.51 tn). The share purchase agreement was signed on 29 Jun-26. Concurrently, Athletica SD Holdings Pte. Ltd. entered into a Local Retail Agreement granting non-exclusive rights to operate Sports Direct and USC stores, both offline and online, across Malaysia. The transaction supports MAPA's regional expansion strategy and strengthens its position in the Southeast Asian sports retail market, leveraging its existing rights to operate the Sports Direct and USC brands in Indonesia and selected ASEAN markets. (Emitennews)

Fixed Income Daily Notes 3 Jul 2026

Fixed Income Daily Notes 3 Jul 2026

Fixed Income

03 July 2026 - 07.57am

Fixed Income Daily Notes 3 Jul 2026

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Indonesia's Inflation Accelerated to 3.34% in Jun-26