Indonesia’s Foreign Reserves Fell to USD 152 Bn in Jul-25

MACROECONOMY
Indonesia’s Foreign Reserves Fell to USD 152 Bn in Jul-25
Indonesia’s foreign reserves fell to USD 152 bn in Jul-25 from USD 152.6 bn in Jun-25, the lowest in eight months. The decline was mainly due to government external debt repayments and BI’s effort to stabilize the Rupiah amid global financial market volatility. Reserves remain sufficient to cover 6.3 months of imports or 6.2 months including government external debt, well above the 3-month international adequacy standard. (Trading Economics)

INDUSTRY
Indonesia to Reimpose Annual Mining Permits, Raising Supply Disruption Fears
Starting 2026, Indonesia will require miners to renew operation permits (RKAB) annually instead of every three years, aiming to better align production with domestic and export needs. Officials say the online process will be faster, but industry warns of severe delays, higher costs, and greater corruption risks, potentially disrupting global supplies of nickel, coal, and cobalt. Indonesia produces over 50% of global nickel and is the top thermal coal exporter. Executives fear one-year validity could leave miners with only months to operate due to slow approvals, prompting some processors to seek ore from abroad, notably the Philippines. (Nikkei Asia)


COMPANY
Tugu Pratama Indonesia (TUGU) Net Profit Fell 41.7% YoY in 1H25
TUGU booked net profit of IDR 357.5 bn in 1H25, down 41.7% YoY, following a 23.4% YoY drop in net operating revenue to IDR 877.3 bn due to weaker insurance service income (-51.5% YoY). Investment income rose 22.9% YoY to IDR 316.6 bn, but gross profit still fell 34.6% YoY to IDR 468.1 bn. Equity grew 2.7% to IDR 10.75 tn, while liabilities surged 33.7% to IDR 21.81 tn. (Emitennews)