Indonesia, U.S. Trade Representative (USTR) Launch 60-Day Trade Talks

Indonesia, U.S. Trade Representative (USTR) Launch 60-Day Trade Talks
Indonesia and USTR began tariff negotiations following a ministerial meeting on 17 Apr-25. The 60-day talks, which started on 18 Apr25 addressed issues such as digital trade, pre-shipment inspections, CDET, import licensing, and local content. The goal is to finalize a cooperation framework before the 90-day tariff pause deadline. (CNBC)

COMPANY
BCAS: CTRA IJ – 1Q25 Marketing Sales

- CTRA booked 1Q25 marketing sales of IDR 3.2 tn (-5% YoY), impacted by a high base in 1Q24 due to project launches and the fasting month falling entirely in 1Q25.
- The Co. achieved 29% of its FY25 marketing sales target of IDR 11 tn, despite timing headwinds.
- VAT-incentive strategy contributed IDR 1.4 tn in marketing sales through accelerated construction to qualify more units for exemption.
- New clusters launched in 1Q25: CitraGarden Bintaro, CitraGarden Serpong, and CitraLand Surabaya contributed IDR 536 bn in marketing sales with a 54% take-up rate from 515 units.

Telkom Indonesia (TLKM) Posted IDR 23.65 tn Net Profit in 2024
TLKM recorded a net profit of IDR 23.65 tn in 2024 (vs 2023: IDR 24.56 tn; -3.7% YoY). Revenue inched up <1% YoY to IDR 149.97 tn, while operating expenses rose to IDR 41.2 tn (+3.7% YoY), employee expenses to IDR 16.81 tn (+5.5% YoY), interconnection expenses to IDR 6.88 tn (+8.1% YoY), and G&A expenses to IDR 6.22 tn (+8.3% YoY). Operating profit fell to IDR 42.99 tn (-3.1% YoY). (Bloomberg Technoz)

PT PP (PTPP) Secured IDR 6.27tn in New Contracts in 1Q25
PTPP booked IDR 6.27 tn in new contracts in 1Q25, (+32% YoY) - reaching 151% of its quarterly target and 21% of its FY25 targets. The contracts were mainly funded by SOEs (52.1%), private sector (28.6%), and government (19.3%), with the port sector contributing the largest share (37.2%). Major deals included the IDR 2.33 tn NPEA Section II and Mandiri Financial Center PIK worth IDR 878.3 bn. 
(Emitennews)