MACROECONOMY
Indonesia’s retail sales rose 5.7% YoY in Jan-26 (vs Dec-25; 3.5%), reflecting stronger household consumption driven by higher sales of cultural and recreational goods (15.9%) and food, beverages, and tobacco (8.1%), alongside rebound in other goods and clothing. Meanwhile, growth slowed in motor vehicle parts and accessories (7.4%), while information and communication equipment remained deeply negative (-27.1%) and fuel sales continued to decline (-5.3%). On a monthly basis, retail sales fell 2.7% after a 3.1% increase in Dec-25, though sales are projected to rise 6.9% YoY ahead. (Trading Economics)

INDUSTRY
Four HPAL Nickel Plants Halted After Landslide in Morowali
Four Chinese-backed HPAL nickel plants at Indonesia Morowali Industrial Park temporarily halted operations following a fatal landslide at a tailings disposal site used by PT QMB New Energy Materials, with disruptions affecting facilities representing around 30% of Indonesia’s HPAL capacity. The suspension at the QMB plant could last up to three months as the waste site is restored, while other GEM-operated plants — including PT Green Eco Nickel, PT Meiming New Energy Material, and PT ESG New Energy Material — also paused production pending operational reviews. The incident, which killed one worker, has prompted heightened regulatory scrutiny and potential environmental permit revocation by the govt. (Bloomberg)

COMPANY
Superbank (SUPA) Posted Net Profit of IDR 99.68 bn in FY25
SUPA recorded net profit of IDR 99.68 bn in FY25, reversing from a net loss of IDR 366.36 bn in FY24, while earnings per share improved to IDR 3.3/sh from -IDR 13/sh previously. Net interest income surged to IDR 1.57 tn (+161.66% YoY) from IDR 606.84 bn, supported by interest income of IDR 2.16 tn (+191.89% YoY), while interest expense rose to IDR 587 bn from IDR 137.13 bn. On the balance sheet, total assets increased to IDR 21.28 tn from IDR 11.39 tn, with liabilities rising to IDR 13.11 tn and equity reaching IDR 8.16 tn. Despite returning to profit, the bank still carried a deficit of IDR 846.12 bn, narrowing from IDR 946.62 bn previously. (Emitennews)

Indonesia Retail Sales Grew 5.7% YoY in Jan-26

Indonesia Retail Sales Grew 5.7% YoY in Jan-26

Daily News

11 March 2026 - 08.01am

Indonesia Retail Sales Grew 5.7% YoY in Jan-26

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