Indonesia Set Priority Spending at IDR 2,567.9 Tn for 2026

MACROECONOMY 
Indonesia Set Priority Spending at IDR 2,567.9 Tn for 2026 
Indonesia set priority spending of IDR 2,567.9 tn for 2026, with Menko Perekonomian Airlangga Hartarto stating the allocation anchors fiscal efforts to reinforce growth and broaden social welfare impact, covering major programs such as energy subsidies of IDR 402.4 tn, Makan Bergizi Gratis at IDR 335 tn, education at IDR 757.8 tn, health at IDR 244 tn, and food security at IDR 164.4 tn. Additional allocations include IDR 181.8 tn for MSME-cooperative development, IDR 424 tn for defence, and IDR 57.7 tn for investment-trade acceleration, while housing support will continue through extended PPN DTP and IDR 130 tn KUR housing to reduce backlog. (Kontan)
 

INDUSTRY
Indonesia’s Coal Export Fell 20.25% in 10M25 
BPS reported coal export value at USD 20.09 bn in 10M25, down 20.25% YoY, driven by weaker prices and a 4.10% drop in shipment volume to 320.37 mn tons. Meanwhile, iron & steel exports rose 12.12% YoY to USD 23.58 bn with 13.04% higher volume at 19.50 mn tons, while CPO and derivatives climbed 25.73% YoY to USD 20.20 bn supported by a 7.83% rise in volume to 19.49 mn tons. Combined, the three commodities contributed 28.62% to non-oil export performance in the period. (Kontan)
 

COMPANY 
Sarana Menara (TOWR) Distributed IDR 400 bn Dividend 
TOWR declared an interim dividend of IDR 400 bn, equivalent to IDR 6.87/sh (Div.yield: 1.3%), for FY25 following BoD approval and BoC endorsement on 01-Dec-25. The schedule is as follows: 
- Cum Date (Regular & Negotiated): 09 Dec-25 
- Ex Date (Regular & Negotiated): 10 Dec-25 
- Cum Date (Cash Market): 11 Dec-25 
- Ex Date (Cash Market): 12 Dec-25 
- Recording Date: 11 Dec-25 
- Payment Date: 23 Dec-25 (Kontan)