China Cut Tariffs on US Agricultural Products
China began cutting import tariffs on selected US agricultural products, including corn, wheat, sorghum and soybeans, although US soybeans remained subject to an additional 10% tariff. China and the US also agreed to establish a trade council to discuss tariff imbalances and trade stability. (Bisnis.com)

BCAS: Coal Update - New Decree on limitation for using subsidiary/affiliated contractor companies
New Decree of the Minister of Energy and Mineral Resources No:365.K/MB.01/MEM.B/2026. stipulates that:
- Mining license holder are no longer allowed to use affiliated/subsidiary contractor, and have to prioritize local contractor to do mining activities.
- Exemption can be granted to companies with status of National Strategic Projects (PSN), have down streaming activities, or for operates for domestic needs; However to exercise this rights the license holder must ask permission to the Minister of Ministry of Energy and Mineral Resources (MEMR), or to the Governor if the license issuance are issued by Gubernatorial.

Potentially get exemption:
- BUMI - PT Darma Henwa Tbk (DEWA)

Potential Impacted companies:
- ARCI - PT Geopersada Mulia Abadi (GMA)
- UNTR - PT Pamapersada Nusantara (PAMA)
- BAYAN - PT Indonesia Pratama (PT IP)
- CUAN - PT Petrosea Tbk (PTRO)
- AADI - PT Saptaindra Sejati (SIS)

Indonesia Govt. Considered Incentives to Support Textile Industry
The govt. is considering several incentives to strengthen Indonesia’s textile and textile products (TPT) industry, including VAT facilities for outsourced/PKWT workers, faster tax refunds, and the reintroduction of tax holidays for the sector. The measures are intended to provide greater labor flexibility amid seasonal demand, improve exporters’ cash flow and working capital, and support new investment, capacity expansion, and industry modernization. Apindo welcomed the initiatives but noted that several policies remain under review and their effectiveness will depend on policy design, targeting, accessibility, and implementation certainty. (CNBC Indonesia)

Indonesia Reported Rising Influenza Activity, Still at Low-to-Moderate Levels
Indonesia’s influenza activity has increased, with the Ministry of Health recording a 56% influenza positivity rate in week 38-26, including 148 positive cases out of 265 specimens tested, with Influenza A(H1N1)pdm09 currently dominant. From the beginning of 2026 through week 38, 1,527 of 8,757 specimens tested positive, or around 17%, compared with 2,790 positive cases from 11,805 specimens in FY25. The Ministry said the increase remains consistent with seasonal patterns, while no increase in severity has been identified for Influenza A(H3N2) subclade K, whose detected cases declined to 22 in 2026 from 166 in FY25. (CNBC Indonesia)

Bukit Asam (PTBA) Secured IDR 6 tn DHE SDA Financing Facilities
PTBA secured IDR 6 tn in financing facilities from Bank Rakyat Indonesia (BBRI) and Bank Mandiri (BMRI), comprising a IDR 2 tn working capital facility from BRI and a IDR 4 tn bridging facility from Bank Mandiri. Both facilities utilize the co’s Export Proceeds from Natural Resources (DHE SDA) as underlying collateral and are intended to support working capital needs. The aggregate financing limit exceeds 20% of PTBA’s equity as of FY25 and 1H26, making the facilities material to the company. (Emitennews)

United Tractors (UNTR) Distributed IDR 430/sh FY26 Interim Dividend
UNTR will distribute an FY26 interim dividend of IDR 430/sh, totaling IDR 1.45–1.47 tn (Div. yield: 1.76%). The dividend schedule is as follows:
- Cum Date (Reg & Neg): 06 Oct-26
- Ex Date (Reg & Neg): 07 Oct-26
- Cum Date (Cash): 08 Oct-26
- Ex Date (Cash): 09 Oct-26
- Recording Date: 08 Oct-26
- Payment Date: 26 Oct-26 (Emitennews)

Solusi Sinergi Digital (WIFI) Secured USD 60 mn Credit Facility for FTTH Expansion
WIFI’s subsidiary PT Integrasi Jaringan Ekosistem (IJE) secured a credit facility of up to USD 60 mn from Export Development Canada (EDC), equivalent to around IDR 1.08 tn, under an agreement signed on 25 Sep-26. The facility has a 9-month availability period and a three-year maturity, with proceeds intended to finance the procurement of goods and services from Nokia OYJ and its subsidiaries for business development and capex. The facility is equivalent to around 40.45% of IJE’s equity as of Mar-26. IJE is indirectly owned 50.85% by WIFI through PT Jaringan Infra Andalan, while 49% is held by NTT e-Asia Pte Ltd. (IDNFinancials)

Solusi Environment Asia (SOFA) Planned to Add Holding and Conduit Financing Activities
SOFA plans to add Holding Company Activities (KBLI 64210) and Conduit Financing Activities (KBLI 64220) to support its transition toward an investment holding company focused on green infrastructure, including waste-to-energy (WTE) projects. The co. plans to invest IDR 131 bn in PT Weiming Nusantara Alpha (WNA) and PT Weiming Nusantara Gamma (WNG) through PT Ananta Energi Asia (AEA), with an additional IDR 107 bn allocated for working capital and related expenses, bringing total funding needs to IDR 238 bn. Funding is planned through a rights issue, bank loan, or a combination of both, subject to RUPSLB approval on 30 Sep-26. (Company)

Ketrosden Triasmitra (KETR) Changed Controlling Shareholder to Sinar Mas
PT Inti Mas Bangun Sejahtera (IMBS), an affiliate of Sinar Mas Group, completed the acquisition of 994.442 mn KETR shares, representing 35% of the company’s issued and fully paid-up shares, through the voluntary tender offer. The transaction transferred control from PT Bahtera Bintang Nusantara (BBN), indirectly through PT Fajar Sejahtera Mandiri Nusantara (FSMN), to IMBS, with the acquisition completed through a negotiated market transaction at IDR 523/sh worth around IDR 520 bn. KETR stated that there is no affiliation between the former controlling shareholder BBN and the new controlling shareholder IMBS. (IDXChannel)

Semacom Integrated (SEMA) Secured Electrical Panel Procurement Contract for CGK5 and CGK7 Data Centers
SEMA signed a procurement agreement for electrical panels for the CGK5 and CGK7 data center projects on 25 Sep-26. The contract expands SEMA’s portfolio into data center infrastructure, supporting its diversification from electrical panel manufacturing into energy and digital infrastructure. The co. stated that the contract is expected to support business continuity and create opportunities for future data center projects, with no material negative impact on its operations, legal position, financial condition, or business continuity. (Company)

Fixed Income Daily Notes 30 Sep 2026

Fixed Income Daily Notes 30 Sep 2026

Fixed Income

30 September 2026 - 07.48am

Fixed Income Daily Notes 30 Sep 2026

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Fixed Income Daily Notes 29 Sep 2026