U.S. ISM Services PMI Held at 53.8 in Jan-26

MACROECONOMY 
U.S. ISM Services PMI Held at 53.8 in Jan-26 
The U.S. ISM Services PMI remained unchanged at 53.8 in Jan-26 (vs Dec-25; 53.8), above market expectations of 53.5, signaling continued solid expansion in the services sector. Business activity strengthened (57.4 vs 55.2), while new orders (53.1 vs 56.5) and employment (50.3 vs 51.7) moderated but stayed in expansion territory. Inventories (45.1) and order backlogs (44.0) remained in contraction, while price pressures intensified (66.6 vs 65.1), reflecting ongoing tariff uncertainty and geopolitical risks, even as fuel prices were cited as easing. (Trading Economics) 

COMPANY 
Medco Energi (MEDC) Secured IDR 800 bn Credit Facility from ICBC Indonesia on 04-Feb-26 
MEDC signed a credit facility agreement with PT Bank ICBC Indonesia on 04-Feb-26, with a total loan amount of IDR 800 bn to support capital expenditure and general corporate funding. The facility carries a tenor of 60 months from the first disbursement date and resulted in a material increase in financial liabilities, as disclosed under POJK No. 31/2015. The co. stated the disclosure does not have a specific adverse impact on operations, legal standing, or financial condition. (Company)