Govt. Targeted to Implement Excise on Packaged Sugary Drinks in 2H27

Govt. Targeted to Implement Excise on Packaged Sugary Drinks in 2H27

The Ministry of Finance targets implementing excise on packaged sugary drinks (MBDK) in 2H27, while the Directorate General of Customs and Excise is finalizing implementing regulations and discussing the applicable tariff with the Directorate General of Economic and Fiscal Strategy. The govt. has not yet determined the excise rate, which is expected to depend on sugar content, while the targeted revenue is around IDR 1.7 tn. The policy has been delayed despite previous revenue targets of IDR 4.38 tn in 2024, IDR 3.8 tn in 2025, and IDR 7.6 tn in 2026. (Bloomberg Technoz)

Indonesia’s State Revenue Grew 25.5% YoY to IDR 2,341.5 tn Through Sep-26

Indonesia’s state revenue reached IDR 2,341.5 tn through Sep-26, up 25.5% YoY and equivalent to 74.2% of the FY26 target, supported by tax revenue of IDR 1,607.6 tn (+24.1% YoY), customs and excise revenue of IDR 240.1 tn (+8.5%), and non-tax state revenue (PNBP) of IDR 492.3 tn (+41.7%), reaching 107.2% of its annual target. State expenditure increased 19% YoY to IDR 2,660.5 tn, or 69.2% of the budget, while the budget deficit reached 1.2% of GDP. Tax refunds totaled IDR 198.71 tn, down 38.1% YoY, as the govt. moved to accelerate eligible refunds for labor-intensive industries and MSMEs. Meanwhile, net debt financing reached IDR 494.3 tn, equivalent to 59.4% of the FY26 target, including net SBN issuance of IDR 497.5 tn. (Bloomberg Technoz)

Astra International (ASII) Launched IDR 858.4 bn Voluntary Tender Offer for Astra Otoparts (AUTO)

ASII launched a voluntary tender offer for up to 238.44 mn AUTO shares (4.95% stake) at IDR 3,600/sh, representing a 35.57% premium to the reference price, with a maximum transaction value of IDR 858.4 bn. The transaction would increase ASII’s ownership in AUTO from 80.0% to 84.95%, supporting its strategy to strengthen its automotive business. The tender offer will run from 13 Oct-26 to 11 Nov-26, with payment scheduled for 18 Nov-26. ASII confirmed no plans to delist, merge, or privatize AUTO, while maintaining compliance with free float requirements. (Bisnis.com)

Victoria Care Indonesia (VICI) Nominated Rahayu Saraswati as Commissioner

VICI nominated Rahayu Saraswati D. Djojohadikusumo as a Commissioner, subject to approval at the EGM scheduled for 29 Oct-26. Rahayu plans to focus on strengthening the co’s business fundamentals and expanding its international presence, particularly in Japan, South Korea, and Malaysia, leveraging her international network. She also aims to strengthen VICI’s brand through soft power initiatives and explore distribution opportunities for MSME products. Rahayu stated that she will hold a 2.4% stake in VICI. (Kompas)