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MARKET NEWS

MACROECONOMY

Trump in April Announced a 10% Base Tariff Rate

Trump in April announced a 10% base tariff rate and additional amounts for most countries, some ranging as high as 50%. However, all but the 10% base rate were subsequently suspended for 90 days to allow more time for negotiations to secure deals. That period ends on July 9, although Trump early on Friday said the tariffs could be even higher - ranging up to 70% - with most set to go into effect August 1. "I signed some letters and they'll go out on Monday, probably twelve," Trump said, when asked about his plans on the tariff front. (Reuters)

 

SECTOR

Commodity Price Daily Update July 4, 2025

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Telco: 1.4 GHz Spectrum Auction Set for This Month

Komdigi is targeting the selection process for the 1.4 GHz spectrum to proceed this month, postponed from its original June 2025 schedule. While the government will not impose a regulated price, participants will be allowed to submit competitive bids, with service speeds expected to reach up to 100 Mbps. (Bisnis)

 

OPEC+ to Increase Oil Production Sooner Than Expected

OPEC+, led by Saudi Arabia, will begin increasing oil production earlier than previously anticipated, starting next month. This move aims to capitalize on the seasonal surge in summer demand and reclaim global market share. Eight OPEC+ member countries have agreed to raise oil supply by 546,000 barrels per day—higher than the planned increase of 411,000 barrels per day for May, June, and July. (Investor Daily)

 

CORPORATE

BUKA Resumes Share Buyback with Rp1.13tr Allocation

BUKA is resuming its share buyback program, allocating Rp1.13tr to stabilize its stock performance amid market volatility. The buyback will utilize remaining funds from a previously approved Rp1.9tr program. The buyback period is scheduled from July 7 to October 6, 2025. (Bisnis)

 

BSDE Announces Transfer of All Shares in PT Bumi Tirta Mas (BTM)

BSDE has announced the transfer of all shares in PT Bumi Tirta Mas (BTM) to PT Alpha Water Indonesia (AWI) and PT Utilitas Mas Indonesia (UMI), with a total nominal value of Rp7bn. Following the transaction, share ownership in BTM has shifted, with AWI holding 99.99% or 288,749 shares, while UMI holds 0.01% or 1 share. (Emiten News)

 

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