Indonesia’s FX Reserves Fell to USD 148.7 Bn in Sep-25

Indonesia’s FX Reserves Fell to USD 148.7 Bn in Sep-25 
Indonesia’s FX reserves dropped to USD 148.7 bn in Sep-25 from USD 150.7 bn in Aug-25, marking the lowest level since Jul-24 due to govt. external debt payments and BI’s Rupiah stabilization efforts amid elevated global uncertainty. The reserves cover 6.2 months of imports or 6.0 months including govt. external debt service—well above the international adequacy benchmark of three months. BI stated the reserves remain strong to support external resilience and maintain macroeconomic and financial stability. (Trading Economics)

Govt Signed PP 39/2025 Allowing Cooperatives to Operate Mineral and Coal Mines 
The govt issued PP 39/2025, amending PP 96/2021, enabling cooperatives to manage mineral and coal mining, including small-scale mines. Menkop Ferry Juliantono stated that verified cooperatives can receive mining permits (WIUP) up to 2,500 ha through OSS priority channels. The policy aims to expand local economic participation and reduce dependency on large corporations. (Kontan)

Tugu Insurance (TUGU) Cancelled Perta Life Acquisition 
TUGU cancelled its planned acquisition of PT Perta Life Insurance after both parties failed to reach an agreement on valuation. President Director Adi Pramana said the company continues to explore strategic options, including potential acquisitions, as part of its long-term business strategy. He added that any consolidation or strategic move within Pertamina’s group will align with majority shareholder directives to enhance shareholder value. (Kontan)