Indonesia’s Fiscal Deficit Narrowed to 0.64% of GDP as of Apr-26

Indonesia’s Fiscal Deficit Narrowed to 0.64% of GDP as of Apr-26

Indonesia’s state budget (APBN) recorded fiscal deficit of IDR 164.4 tn or 0.64% of GDP as of Apr-26, improving from 0.93% deficit recorded in Mar-26. State revenue reached IDR 918 tn (+13.3% YoY), while state spending surged to IDR 1,082.8 tn (+34.3% YoY), resulting in higher financing realization of IDR 298.5 tn. Meanwhile, primary balance returned to surplus of IDR 28 tn from deficit of IDR 95.8 tn in Mar-26, indicating improvement in fiscal position excluding interest payment obligations. (Bloomberg Technoz)

GoTo Gojek Tokopedia (GOTO) to Adjust Ride-Hailing Commission Scheme to 8%

GOTO stated it will follow govt. direction to reduce commission rate for two-wheel ride-hailing services to 8% from previously 20%. The co. also plans to maintain stable GoRide Regular pricing, discontinue GoRide Hemat subscription program, and continue driver welfare initiatives including BHR, BPJS, scholarships, and healthcare support. Management acknowledged the new scheme may reduce GoRide business revenue, but believes ecosystem strength will support long-term growth and service competitiveness. (Investor Daily)

Abadi Nusantara Hijau Investama (PACK) Secured USD 93.14 mn Perpetual Loan for Acquisition

PACK secured perpetual loan facility worth USD 93.14 mn from controlling shareholder PT Eco Energi Perkasa (EEP) with annual return rate of 8%. The proceeds will mainly be used to acquire 14.625% stake each in PT Karyatama Konawe Utara (KKU) and PT Konutara Sejati (KS) through subsidiaries PT Adhi Prakarsa Raya and PT Sumber Cahaya Raya. Management stated the transaction is expected to strengthen PACK’s operational performance and position the co. as the largest shareholder in both target entities. (Stockwatch)