Govt. Extended 100% VAT Incentive on Economy-Class Airfares Until 05 Jul-26

Govt. Extended 100% VAT Incentive on Economy-Class Airfares Until 05 Jul-26

The Indonesian government extended the 100% VAT-borne-by-government (PPN DTP) incentive for scheduled economy-class domestic flights from 24 Jun-26 to 05 Jul-26, aiming to support travel demand during the school holiday period and keep airfares affordable. The policy follows the previous 60-day incentive program introduced in Apr-26 to mitigate rising ticket prices amid higher aviation fuel costs. In addition, the government introduced several transportation stimulus measures, including a 30% discount on economy-class commercial train tickets (20 Jun–05 Jul-26), a 30% discount on economy-class passenger ship fares (20 Jun–15 Aug-26), and 100% discounts on selected ferry port service charges across key inter-island routes. The measures are expected to support domestic tourism, transportation activity, and broader economic growth during the holiday season. (CNBC Indonesia)

US and Iran Met in Switzerland as Trump’s Threats Angered Tehran

The US and Iran began negotiations in Switzerland to reach a peace agreement addressing Iran’s nuclear program and permanently reopening the Strait of Hormuz. The talks faced early uncertainty after Iranian media reported a suspension following President Donald Trump’s renewed threats of military strikes if Hezbollah continued attacking Israel. However, sources familiar with the discussions said negotiations were still ongoing. Tensions remained visible, with Iran reportedly refusing to participate in a joint photograph with US officials, underscoring the fragile and sensitive nature of the diplomatic process. (Bloomberg)

Folago Global Nusantara (IRSX) Expanded FolaPlay Distribution Through Indomaret Network

IRSX expanded the distribution channel of its streaming platform FolaPlay through a partnership with Indomaret, enabling physical sales of FolaPlay Bola Gembira vouchers across more than 24k stores nationwide. The collaboration complements existing digital distribution channels and follows the co.'s earlier partnership with GoPay for the distribution of 2026 FIFA World Cup streaming vouchers. Management expects the partnership to broaden FolaPlay's reach, particularly in regions with lower digital payment penetration, supporting subscriber growth and strengthening IRSX's monetization strategy for World Cup-related content. (Kontan)

Samudera Indonesia (SMDR) Proposed Final Dividend of IDR 9.5/sh

SMDR proposed a FY25 final cash dividend of IDR 9.5/sh or IDR 155.6 bn (Final Div. yield: 3.23%), subject to shareholder approval at the AGMS on 24 Jun-26. Including the interim dividend of IDR 2.5/sh paid in Aug-25, total FY25 dividends would reach IDR 12/sh or IDR 196.5 bn, implying a total dividend yield of 4.08% based on the closing price of IDR 294/sh. The proposal will be submitted for shareholder approval at the upcoming AGMS. (Emitennews)