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MACROECONOMY

Indonesia’s Consumer Confidence Index Fell to 122.9 in Mar26

Indonesia’s consumer confidence index fell to 122.9 in March 2026 from 125.2 in February, marking the lowest level since October and signaling weakening household sentiment in Indonesia. The decline was driven by broad-based deterioration across most sub-indices, including expectations for the economy, income, and job availability over the next six months. Views on durable goods purchases and current employment conditions also weakened. However, perceptions of current income posted a modest improvement. Overall, the latest reading points to softening optimism as households turn more cautious about near-term economic prospects. (Bank Indonesia)

 

US Headline CPI Rising to 3.3% in Mar26

US inflation accelerated in March 2026, with headline CPI rising to 3.3%, the highest in nearly two years largely by surging energy prices, including gasoline and fuel oil. Monthly inflation jumped 0.9%, the biggest gain since mid-2022. However, underlying price pressures remained more contained, as core inflation edged up to 2.6%, slightly below expectations. Services inflation stayed firm, particularly in shelter, transportation, and medical care, while falling used-car prices helped offset goods inflation, highlighting a continued divergence between energy-driven headline pressures and moderating core trends. (US BLS)

 

SECTOR

Commodity Price Daily Update Apr 10, 2026

Automotive: Indonesia Car Wholesales Growth Dropped 13.8% yoy in Mar26

GAIKINDO reported that car wholesale sales in Indonesia fell sharply in March 2026 to 61,271 units. The figure dropped 13.8% yoy, while retail sales also declined by 13.2% yoy to 66,627 units. The decrease was partly due to the extended Lebaran holiday period. Despite this, total sales in the 1Q26 still showed a slight increase compared to 2025. (Bloomberg Technoz)

 

CORPORATE

ASII Market Share Remains Strong Despite Sales Decline

ASII recorded domestic car sales of 28,666 units in March 2026, marking a sharp decline from 38,080 units in February 2026 and down from 37,735 units in March 2025. Despite the drop in volume, Astra continues to demonstrate strong dominance in the Low-Cost Green Car (LCGC) segment, with its market share rising to 79%. However, competition is intensifying as brands such as Mitsubishi Motors, Honda, and BYD expand their presence, putting increasing pressure on Astra’s overall market position. (Bisnis)

 

BBRI Approves Rp52.1tr Dividend with 92% Payout

BBRI approved Rp52.1tr in dividends from FY2025 earnings, implying a 91.96% payout ratio. The final dividend amounts to Rp31.47tr after interim distribution, supported by a strong capital position with CAR at 23.52%. (Investor Daily)

 

BTPN and Pegadaian Sign MoU to Expand ESG Financing

BTPN, through SMBC Indonesia, signed an MoU with Pegadaian to enhance financing access, including offshore loans, social loans, and ESG-based products. The partnership aims to support financial inclusion, strengthen the gold ecosystem, and promote sustainable finance development in Indonesia. (Emiten News)

 

CMRY Approves Rp1.59tr Dividend with 78% Payout

CMRY approved Rp1.59tr in FY2025 dividends, implying a 78.06% payout ratio, including interim dividends. The final dividend is set at Rp100 per share (yield: 2.2%), with payment scheduled for April 30, 2026, while the remaining earnings will support future expansion.

 

PTPP Secures Rp1.02tr Pulau Laut Bridge Project

PTPP won a Rp1.02tr Pulau Laut Bridge project in South Kalimantan under a joint operation scheme, with a 50% stake as lead contractor. The multi-year project aims to enhance regional connectivity and logistics, supporting economic growth in Tanah Bumbu and Kotabaru. (Kontan)

 

SMGR Expands Exports to Africa with Mauritania Shipment

SMGR exported 45,000 MT of clinker to Mauritania as part of a 90,000 MT 2026 target, marking its entry into the African market. The move supports global expansion amid strong infrastructure demand, following 14.3% YoY growth in regional sales in 2025. (Emiten News)

 

WIFI Allocates Rp5.9tr Rights Issue for Internet Rakyat Project

WIFI will allocate Rp5.9tr from its rights issue fully to the Internet Rakyat project, targeting 5,500 sites and up to 5 million users by end-2026. The initiative aims to expand affordable high-speed connectivity using 5G FWA, strengthening digital inclusion in underserved areas. (Emiten News)

 

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