MACROECONOMY
U.S. Producer Price Inflation Rose 0.3% MoM in Sep-25
U.S. producer prices increased 0.3% MoM in Sep-25 (vs Aug-25; -0.1%), in line with expectations, driven by higher food prices (+1.1% vs +0.1%) and a sharp rebound in energy (+3.5% vs -0.4%) led by natural gas liquids and ethanol, pushing goods inflation to a 1-year high of +0.9%. Services prices were unchanged, maintaining the prior month’s -0.3% decline. On a YoY basis, PPI remained steady at 2.7%. (Trading Economics)

U.S. Retail Sales Rose 0.2% MoM in Sep-25
U.S. retail sales grew 0.2% MoM in Sep-25 (vs Aug-25; +0.6%), the smallest gain in four months and below expectations of +0.4%. Growth was supported by miscellaneous retailers (+2.9%), gasoline stations (+2%), health & personal care (+1.1%), food services (+0.7%), furniture (+0.6%), and food & beverages (+0.2%). Declines were recorded in sporting goods (-2.5%), clothing (-0.7%), nonstore retailers (-0.7%), electronics (-0.5%), and autos (-0.3%). Core retail sales—excluding food services, autos, building materials, and gasoline—fell 0.1% (vs Aug-25; +0.6%, consensus +0.3%), signaling softer consumer momentum. (Trading Economics)

COMPANY
Sinar Eka Selaras (ERAL) Accelerated Store Expansion Ahead of End-2025
ERAL accelerated its nationwide store rollout, operating over 198 outlets and targeting at least 10 additional openings by end-2025, supported by 9M25 revenue growth of 25.11% YoY to IDR 4.29 tn despite a 20.55% YoY net profit decline to IDR 124.98 bn due to rampup costs from new businesses and stores. Management focuses on productivity, service quality, and portfolio strengthening through new brands—such as Anta Sports and Wilson—while allocating IDR 152.8 bn capex for expansion, including new ventures like Xpeng. (Kontan)

Indofood (INDF) Operated 1.88 MWp Solar Power Plant at Bogasari Jakarta on 25-Nov-25
INDF operated a 1.88 MWp rooftop solar plant at its Bogasari Jakarta facility on 25-Nov, expanding its renewable energy portfolio with estimated savings of 1.92 mn kWh annually and CO₂e reduction of 1,350 tons through 3,410 installed PV modules across three warehouses. The initiative complements ISO 50001:2018 energy management, REC purchases from PLN, electrification of equipment, and broader clean-energy transition plans, including potential 2 MWp PLTS installation at the Surabaya plant. (Kontan)

US Posted 3.8% GDP Growth in 2Q25

US Posted 3.8% GDP Growth in 2Q25

Daily News

26 September 2025 - 07.48am

US Posted 3.8% GDP Growth in 2Q25

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Fixed Income Daily Notes 26 November 2025

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U.S. Producer Price Inflation Rose 0.3% MoM in Sep-25

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Pantai Indah Kapuk Dua (PANI) Delayed Rights Issue III Schedule Pending OJK Approval