Qatar to Build 1 Mn Apartments in Indonesia Starting Apr-25

Qatar to Build 1 Mn Apartments in Indonesia Starting Apr-25
Qatar will begin constructing 1 mn apartments in Indonesia in Apr-25 as part of its commitment to support the 3 mn housing program. The first phase investment is estimated at USD 18-20 bn. Qatar plans to expand its investment for 3-5 mn housing units, while Mubadala Abu Dhabi is also expected to invest in 1 mn apartments. Other foreign investors, including India, Singapore, and Turkey, have also shown interest. (Investor.id)

 

MACROECONOMY
US Initial Jobless Claims Jumped to 242,000 in Mid-Feb 25

Initial jobless claims in the US rose by 22,000 to 242,000 in the third week of Feb, the highest in over two months and above market expectations of 221,000. Meanwhile, continuing claims fell by 5,000 to 1,862,000 in the second week of Feb, below the expected 1,870,000. The data indicated a deviation from the previously tight labor market. (Trading Economics)

 

COMPANY

BCAS : BBRI - Posted IDR 2 tn Net Profit in 1M25

- BBRI's interest income declined to IDR 13.0 tn in 1M25 (-8.9% MoM; -6.2% YoY), while interest expense slightly decreased to IDR 4.1 tn (-0.6% MoM; -3.1% YoY), leading to lower NII at IDR 8.9 tn (-12.3% MoM; -7.6% YoY).
- Non-interest income rose to IDR 4.1 tn (+39.8% MoM; +21.5% YoY), bringing operating income to IDR 13.0 tn (-0.6% MoM; -0.1% YoY).
- Provisioning surged to IDR 5.6 tn (+364.8% MoM; +188.5% YoY), weighing on earnings. PPOP stood at IDR 8.2 tn (-3.1% MoM; -2.2% YoY).
- Net profit declined to IDR 2.0 tn (-58.5% MoM; -58.3% YoY), reflecting higher provisioning costs.
- NIM stood at 6.2% (vs. 6.9% in 1M24), while LDR improved to 88.9% (vs. 83.7% in 1M24). Loan growth slowed to 4.6% (vs. 14.1% in 1M24), with deposit growth at -1.6% (vs. 13.1% in 1M24)..