Latest update: 19-08-2025, 05:15
IMF Cut Global Growth Forecast to 2.8% on Tariff Fallout
The IMF slashed its 2025 global growth forecast to 2.8% (-0.5ppt) amid escalating U.S. tariffs and trade tensions. U.S. GDP growth was cut to 1.8% (-0.9ppt) with inflation now expected at 3% (+1ppt). China's forecast was lowered to 4% (-0.6ppt), and global trade growth halved to 1.7%. IMF warned rising protectionism threatens to slow recovery and fragment global trade. (Reuters)
INDUSTRY
Indonesia Confirmed EV Battery Project Remains on Track Despite LG's Partial Exit
The Govt. confirmed that the USD 9.8 bn EV battery investment project with LG Energy Solution remains on track, despite LG's withdrawal from several JV components within the “Indonesia Grand Package.” The integrated EV battery supply chain project—spanning mining to cell production—will proceed with new strategic partners from China (Huayou) replacing LG in JVs 1–3. The existing JV with Hyundai (PT HLI Green Power) continues, with Indonesia's first EV battery cell plant in Karawang already operational at 10 GWh capacity. The Govt. emphasized there is no fundamental change in infrastructure or roadmap, and further groundbreaking will occur in 2025. (Bisnis.com)
COMPANY
DCI Indonesia (DCII) Allocated IDR 1 tn Capex for 2025
DCII prepared up to IDR 1 tn capex for 2025 to support expansion, including the construction of a new data center in Cibitung (JK6) and one in Surabaya with up to 9 MW capacity. As of 1Q25, DCII's total capacity reached 119 MW. The Co booked IDR 418.84 bn revenue and IDR 364.41 bn net profit as of Mar-25. DCII is also considering a stock split.(Kontan)
MIND ID Proposed IDR 240.93 tn Downstream Projects to Danantara
MIND ID submitted strategic downstream projects worth USD 14.3 bn (IDR 240.93 tn) to Danantara for potential partnership. The projects include Phase 2 of the Smelter Grade Alumina Refinery and aluminium smelter expansion in Mempawah, a copper smelter in Gresik, and an EV battery ecosystem in Halmahera. (Bisnis.com)
