Indonesia Consumer Confidence Falls to 8-Month Low in May-26

Indonesia Consumer Confidence Falls to 8-Month Low in May-26

Indonesia’s Consumer Confidence Index (CCI) declined to 120.9 in May-26 from 123.0 in Apr-26, marking the lowest level since Sep-25, as consumers became more cautious about current economic conditions. The Current Economic Conditions Index fell 4.3 points to 112.2, while sentiment toward durable goods purchases and job availability over the past six months declined to 108.3 and 105.0, respectively. Expectations for income over the next six months also eased slightly to 136.5. However, forward-looking sentiment remained relatively resilient, with expectations for job availability and business activity increasing marginally to 128.1 and 124.5, respectively. Despite the moderation, overall consumer confidence remained firmly above the 100-point threshold, indicating that consumers are still generally optimistic about the economic outlook. (Trading Economics)

Rumors of Finance Minister Replacement Dismissed by Chatib Basri and Budi Gunadi Sadikin

Former Finance Minister Chatib Basri and Health Minister Budi Gunadi Sadikin denied speculation that they had been offered the position of Finance Minister following market rumors regarding the potential resignation of current Finance Minister Purbaya Yudhi Sadewa. Chatib clarified that his meeting at the Presidential Palace was solely related to discussions on Indonesia’s economic outlook with President Prabowo Subianto and the National Economic Council (DEN). Separately, Budi declined to comment on speculation linking him to the Finance Ministry. In a separate forum, Chatib remarked that fiscal policy fundamentally revolves around three options: increasing revenue, reducing spending, or borrowing, noting that in the current environment, higher taxes and selective expenditure cuts may be more viable given elevated borrowing costs. (Bloomberg Technoz)

Aneka Tambang (ANTM) to Disburse Dividend of IDR 210/sh

ANTM approved FY25 cash dividend of IDR 210/sh or equivalent to IDR 5.05 tn (Div. yield: 7.64%), representing a 70% dividend payout ratio from FY25 net profit of IDR 7.21 tn. The remaining IDR 2.16 tn will be retained as retained earnings. The lower payout ratio compared with 100% DPR in FY24 comes despite strong operating performance, with FY25 revenue rising 22% YoY to IDR 84.64 tn, EBITDA increasing 56% YoY to IDR 10.51 tn, and net profit surging 106% YoY. Domestic sales contributed 96% of total revenue during the year. (Kontan)

Satu Visi Putra (VISI) Acquired by Raffi Ahmad and Nagita Slavina

PT Harmoni Semesta Investama (HSI), controlled by Raffi Ahmad (49%) and Nagita Slavina (51%), acquired 1.90 bn VISI shares from former controlling shareholder David Dwiputra, representing 61.85% of VISI's outstanding shares. The transaction was executed at IDR 94/sh, with a total acquisition value of approximately IDR 178.7 bn, making HSI the new controlling shareholder of VISI. Management stated that the acquisition forms part of HSI's broader investment, business development, and expansion strategy, while also aiming to enhance access to alternative funding sources and create long-term value for stakeholders. Following the announcement, VISI shares traded higher as the market reacted positively to the change in control. (Bloomberg Technoz)