President Prabowo Subianto Inaugurates 30,000 BPD Oil Production Boost at Blok Cepu

 

MACROECONOMY 
China Central Bank (PBOC) Announced Key RMB Liberalization Measures in Shanghai PBOC Governor Pan Gongsheng announced new financial reforms in Shanghai to advance RMB internationalization. Key measures include the launch of a digital RMB international operations hub, reforms in offshore finance in Lingang, plans for offshore local govt. bonds, and joint research with CSRC on RMB FX futures. The initiative aims to expand cross-border RMB use in trade, investment, and currency hedging, reinforcing Shanghai's role in global finance. (证券时报) 

INDUSTRY 
President Prabowo Subianto Inaugurates 30,000 BPD Oil Production Boost at Blok Cepu Prabowo Subianto inaugurated the 30,000 barrels per day (BPD) oil production increase at Blok Cepu via a virtual ceremony on 26 Jun25. He expressed gratitude for Indonesia's vast energy resources, emphasizing their crucial role in the nation's sovereignty. PT Pertamina's CEO Simon Aloysius Mantiri highlighted the technological progress of the project, using domestic-made rigs for drilling at the Banyu Urip Infill Clastic (BUIC) field. Seven new wells have been drilled, expected to bring the total production to 170,000–180,000 BPD by 2025. (Kompas)


COMPANY 
BCAS: BBRI IJ - 5M25 Net Profit Slipped -14.9% YoY 

- BBRI booked net profit of IDR 18.6 tn in 5M25 (-14.9% YoY), with May-25 earnings at IDR 3.6 tn (-7.2% MoM; -10.9% YoY). 
- Interest income was slightly lower at IDR 66.8 tn in 5M25 (-0.8% YoY), with May-25 at IDR 13.4 tn (-1.3% MoM; +0.7% YoY). 
- Interest expense also declined to IDR 21.3 tn (-0.9% YoY), with May-25 at IDR 4.5 tn (+1.5% MoM; +2.1% YoY). 
- Bringing 5M25 net interest income (NII) reached IDR 45.5 tn (-0.8% YoY), while May-25 NII stood at IDR 8.9 tn (-2.6% MoM; +0.1% YoY). 
- Non-interest income dropped to IDR 19.8 tn in 5M25 (-9.2% YoY), with May-25 at IDR 3.6 tn (-5.3% MoM; -44.2% YoY). 
- PPOP declined to IDR 41.3 tn (-8.9% YoY), with May-25 at IDR 7.9 tn (-3.7% MoM; -11.9% YoY). 
- NIM compressed to 6.2% (vs. 6.7%), while CASA ratio improved to 65.0% (vs. 62.5%). Loan growth moderated to 5.0% (vs. 10.7%), and deposit growth slowed to 1.7% (vs. 16.4%).