Terakhir diperbarui: 04-03-2026, 00:43
MACROECONOMY
Indonesia Raised 2026 Food-Security Budget 45.5% to IDR 210.4 tn
Indonesia set the 2026 food-security budget at IDR 210.4 tn, up 45.5% YoY, underscoring govt. focus on stabilizing prices, lifting productivity, and improving farmer–fisher welfare. The allocation comprises IDR 27.8 tn for distribution and reserves, IDR 162.4 tn for production—covering fertilizer subsidies, land optimization, irrigation, and machinery—and IDR 6.2 tn for consumption programs including SPHP and food-vulnerability aid. DAK and Village Funds contributed IDR 50.7 tn, with officials reaffirming food security as a sustained national priority. (Kontan)
INDUSTRY
Indonesia Delayed Sweetened Beverage Excise Plan Until Economy Reaches 6% Growth
Indonesia canceled the implementation of the sweetened beverage excise (MBDK) for 2026, with Finance Minister Purbaya Yudhi Sadewa stating the policy will only be applied once national economic growth exceeds 6%. The govt. judged household conditions not yet strong enough to absorb the additional burden, despite APBN 2026 having initially set a revenue target of IDR 7 tn from the excise. The potential shortfall is expected to be offset by the newly planned export duties on gold and coal. Purbaya noted the MBDK excise could still be reconsidered in 2H26 if economic performance strengthens to the 6% threshold. (Kontan)
COMPANY
IDX Set Theoretical Rights-Issue Price for Pantai Indah Kapuk Dua (PANI) at IDR 13,850
IDX set PANI’s theoretical rights-issue price at IDR 13,850 for 09-Dec-25 trading, based on a HMETD ratio of 50,831:3,646 and exercise price of IDR 12,975 per share after the stock closed at IDR 13,900 on Cum date. The co.’s PMHMETD III offers 1.21 bn new shares (6.69% post-issue), with proceeds of IDR 13.8–15.1 tn earmarked mainly for increasing ownership in CBDK by 37.77–41.37% depending on public participation. Remaining funds will support capital injections into three subsidiaries for infrastructure-related capex. (Kontan)
