Indonesia Govt. Prepared IDR 40 tn to Repay Kopdes Merah Putih Debt in Sep-26

MACROECONOMY
Indonesia Govt. Said Higher 10Y SBN Yield Would Not Increase Debt Burden 
Finance Minister Purbaya Yudhi Sadewa said the increase in the 10-year SBN yield would not affect the govt.’s debt burden, with the fiscal authority coordinating with BI to settle the impact. The 10-year SBN yield rose 24 bps to 7.23% on 2 Sep-26, although it remained 15 bps lower over the past month and 83 bps higher YoY. As of Jun-26, govt. debt stood at IDR 10,293.69 tn, equivalent to 41.26% of GDP, with SBN accounting for 87.11% of total debt. (Bloomberg Technoz) 

Indonesia Govt. Prepared IDR 40 tn to Repay Kopdes Merah Putih Debt in Sep-26 
The govt. has prepared IDR 40 tn to repay principal and interest on Kopdes Merah Putih (KDMP) loans maturing on 27–28 Sep-26, although payments will depend on the completion of audits and verification of project progress. The IDR 40 tn allocation represents the annual principal repayment from an estimated IDR 240 tn total credit extended to around 80,000 KDMP units, with a six-year tenor, excluding interest. Payments will prioritize completed projects, while outstanding projects will be subject to certain conditions and commitments involving Himbara and potentially the cooperatives and Agrinas. (Bloomberg Technoz) 

Indonesia’s Poverty Rate Differed Significantly Under BPS and World Bank Standards 
The World Bank estimated 64.2% of Indonesia’s population lived below the poverty line using a USD 8.30/day threshold based on 2021 PPP, while BPS recorded a poverty rate of 8.07%, equivalent to 22.93 mn people, in Mar-26. BPS noted that the two figures use different poverty thresholds and purposes, with the World Bank figure intended mainly for cross-country comparisons, while BPS’s national poverty line is more appropriate for domestic policymaking. (Bloomberg Technoz)

Indonesia’s Nickel Producers Consider Output Cuts Amid Margin Pressure 
Chinese-controlled nickel producers in Indonesia are reportedly discussing coordinated output cuts of around 30% at their HPAL plants amid weak nickel prices and rising operating costs, particularly higher sulphur prices. The potential production cuts could tighten global nickel supply given Indonesia accounts for over 60% of global output, while the govt. has also reportedly reduced its 2026 nickel ore mining quota to ~260–270 mn tonnes from 379 mn tonnes in 2025. This comes as the International Nickel Study Group forecasts the global nickel market to shift to a 32,000-tonne deficit in 2026, following three consecutive years of surplus. (IMA) 

Bank Indonesia (BI) Highlighted Uneven Banking Liquidity Distribution 
BI Governor Destry Damayanti said banking liquidity remained adequate at the industry level, with the liquid assets-to-deposits ratio (AL/DPK) at 13–24% and base money (M0) growth above 15% in Jul–Aug-26, but liquidity remained unevenly distributed across banks. In Jul-26, bank credit grew 13.6% YoY, outpacing DPK growth of 11.21%, with higher LDRs particularly among Himbara banks. BI will assess banks’ liquidity conditions more granularly and consider targeted policies, while credit growth remains driven mainly by govt.-related financing, with Danantara-related financing emerging as another growth driver. (Bloomberg Technoz) 

BYD Inaugurated IDR 11.6 tn Indonesia Manufacturing Plant 
BYD inaugurated its IDR 11.6 tn vehicle manufacturing plant in Subang, West Java, covering 126 hectares with a maximum production capacity of 150,000 units p.a. The facility, operated by PT BYD Auto Indonesia, currently employs around 5,000 local workers, which could increase to over 20,000 at full capacity. The plant is capable of stamping, welding, painting and assembly, with the BYD M6 DM set to become the first model produced locally with over 40% domestic content (TKDN). (CNN Indonesia)

Raharja Energi Cepu (RATU) Plans Private Placement of 271.5mn shares 
RATU plans to issue up to 271.5mn sh, equivalent to 10% of existing shares, with potential proceeds of IDR 1.63tn / USD 90.8mn based on an assumed issue price of IDR 6,000/sh. The proceeds will strengthen its capital structure and support business expansion, including working capital, asset/share acquisitions, loans, and other group-related transactions. The transaction could dilute existing shareholders by up to 9.09%, with RAJA stake declining from 68.68% to 62.43%, while no prospective investor has been identified as of 03 Sep-26. Pro forma, equity would rise 139.7% to USD 155.8mn and DER would improve from 2.42x to 1.01x, although EPS would decline 9.1% from IDR 103 to IDR93. (Company)

Summarecon Agung (SMRA) Expected LRT Jakarta Expansion to Support Property Connectivity 
SMRA expects the planned operation of the LRT Jakarta Manggarai–Kelapa Gading route to strengthen connectivity to its Kelapa Gading integrated township, which is already connected through the Boulevard Utara Summarecon Mall station. The co. also develops integrated areas connected to mass transportation in Bekasi and Bandung, while exploring potential connectivity with the planned East–West MRT Jakarta corridor in Tangerang. Meanwhile, SMRA recorded net revenue of IDR 4.25 tn in 1H26, down 7.2% YoY, while net profit attributable to the parent declined 34% YoY to IDR 332.39 bn. (Bisnis.com)

Central Omega Resources (DKFT) Distributed IDR 30/sh Interim Dividend 
DKFT will distribute an FY26 interim dividend of IDR 30/sh, totaling IDR 169.15 bn, equivalent to around 41.6% of its 1H26 net profit of IDR 406.24 bn (Div. yield: 4.20%). The schedule is as follows: 
• Cum Date (Reg & Neg): 11 Sep-26 
• Ex Date (Reg & Neg): 14 Sep-26 
• Cum Date (Cash): 15 Sep-26 
• Ex Date (Cash): 16 Sep-26 
• Recording Date: 15 Sep-26 
• Payment Date: 21 Sep-26 
(Emitennews)

Erajaya Swasembada (ERAA) Announced up to IDR 500 bn Share Buyback 
ERAA announced a share buyback of up to IDR 500 bn, covering a maximum of 797.5 mn shares or 5% of its outstanding shares, to support market stability amid significant volatility. The buyback will be conducted in stages from 4 Sep-26 to 4 Dec-26 and fully funded through internal cash. Management expects no material impact on operations or earnings, citing sufficient capital and cash flow to fund the buyback alongside its ongoing business activities. (CNBC Indonesia) 

Cakra Buana Resources Energi (CBRE) Faced Default Lawsuit Despite Settling Outstanding Debt 
CBRE received a summons from the Central Jakarta District Court following a default lawsuit filed by Navios Control Service Pte Ltd over outstanding vessel maintenance bills previously managed through a third-party ship management provider. The first hearing is scheduled for 10 Sep-26 under case No. 615/Pdt.G/2026/PN Jkt.Pst, while CBRE stated that it had reconciled and fully settled the principal outstanding amount directly to the vendor and is negotiating with Navios’ legal counsel to resolve the case through mediation. CBRE stated that the lawsuit has no impact on its operations and is not expected to materially affect its financial condition or business continuity. (Emitennews)