Indonesia's Foreign Exchange Reserves Declined to USD 144.9 bn in May-26

Indonesia's Foreign Exchange Reserves Declined to USD 144.9 bn in May-26 
Indonesia's foreign exchange reserves fell to USD 144.9 bn in May-26 from USD 146.2 bn in Apr-26, marking the lowest level since Jun-24. The decline was mainly driven by govt. external debt repayments and Bank Indonesia's rupiah stabilization measures amid heightened global financial market uncertainty and seasonal domestic FX demand. Despite the decline, reserve levels remained robust at 5.6 months of imports or 5.5 months of imports and govt. external debt servicing, well above the international adequacy standard of three months. Bank Indonesia expects external resilience to remain supported by adequate reserves and continued foreign capital inflows. (Trading Economics) 

Free Nutritious Meals (MBG) Spending Reached IDR 88.2 tn by May-26 
The govt. reported cumulative spending for the MBG program reached IDR 88.15 tn by end-May 2026, equivalent to 26.3% of the FY26 budget allocation of IDR 335 tn. The program currently serves 63.1 mn beneficiaries, consisting of 48.9 mn students and 14.3 mn non-students, supported by 29,670 Nutrition Fulfillment Service Units (SPPG) nationwide. Monthly MBG spending in May-26 amounted to IDR 13.5 tn, lower than IDR 19.7 tn in Apr-26 and IDR 16.4 tn in Mar-26. (Bloomberg Technoz)

Indonesia Motorbike Sales Fell 5.1% YoY in May-26 
Indonesia's motorbike sales declined 5.1% YoY to 479,388 units in May-26, reversing the 28.1% YoY growth recorded in Apr-26. On a monthly basis, sales decreased 8.0% MoM, compared with a 16.0% MoM increase in the previous month. Despite the decline, cumulative sales during 5M26 reached 2.61 mn units, up 0.7% YoY. The Association of Indonesian Motorcycle Industry (AISI) maintained its FY26 sales outlook at 6.4–6.7 mn units, broadly in line with FY25 sales of 6.4 mn units. (Trading Economics)

Govt. Confirmed No Gross Split Scheme for Minerba 
The govt. confirmed that the gross split revenue-sharing mechanism will not be implemented in the mineral and coal sector. Minister of Energy and Mineral Resources Bahlil Lahadalia stated that the gross split scheme remains applicable only to the upstream oil and gas industry, while the minerba sector will continue to operate under the existing royalty-based framework. The clarification follows earlier discussions regarding potential adoption of a gross split-like model to enhance state revenue from natural resources. (Tempo)