FTSE Russell Maintained Indonesia as Secondary Emerging Market

World Bank Raised Indonesia’s 2026 GDP Growth Forecast to 5.2%
The World Bank raised its 2026 GDP growth forecast for Indonesia to 5.2%, up 0.5 ppt from its previous projection, and expects
growth to remain at 5.2% in 2027. The revision reflects a milder-than-previously-expected impact from higher energy prices.
Indonesia’s growth is projected to exceed the 4.5% average for East Asia and Pacific but remain below the govt’s 5.4% target, while
the current account deficit is expected to widen to 1.5% of GDP in 2026. (Bloomberg Technoz)

Iran Increased Tanker Attacks in Strait of Hormuz as Oil Flows Recovered
Iran increased attacks on tankers in the Strait of Hormuz, with nine attacks reported in Oct-26, already half the total recorded across
the Strait of Hormuz and Persian Gulf in Sep-26. Oil flows through the chokepoint recovered to around 80% of prewar levels, while
the latest attacks pushed tanker freight from the Persian Gulf to China to a record USD 1.3 mn/day, vs. around USD 60,000/day last
year. The escalation could pressure oil and gas flows ahead of the Northern Hemisphere winter, although the impact on shipments
remains uncertain. (Bloomberg)

FTSE Russell Maintained Indonesia as Secondary Emerging Market

FTSE Russell maintained Indonesia’s status as a Secondary Emerging Market and confirmed that Indonesia was not placed on its
Watch List following its latest market classification review on 6 Oct-26. FTSE Russell will continue evaluating Indonesia’s capital
market reforms, including improvements in shareholder disclosure, investor data granularity, minimum free float requirements,
and market oversight, following the postponement of index rebalancing for Indonesian stocks in Mar, Jun, and Sep-26. FTSE Russell
is expected to provide an updated assessment ahead of the Dec-26 index review. (IDNFinancials)

Danantara Investment Management (DIM) and Energi Mega Persada (ENRG) Invested USD 450 mn in HighPeak Energy (HPK)
DIM and ENRG committed a combined USD 450 mn investment in HPK through 450,000 newly issued Series A 6% Perpetual
Convertible Preferred Stock. The investment will be complemented by a new USD 800 mn RBL, with proceeds expected to fully
repay HPK’s existing USD 1.17 bn term loan. The preferred stock has no maturity, carries a 6% cumulative dividend, and is convertible
at USD 9.50/sh, while DIM and ENRG will each appoint one director to HPK’s board. The transaction is expected to close in 4Q26.
(Company)