US Nonfarm Payrolls Rose by 172,000 in May26

US nonfarm payrolls rose by 172,000 in May 2026, sharply exceeding market expectations of 85,000 and signaling continued resilience in the labor market. The previous month’s figure was also revised higher to a 179,000 gain. Meanwhile, the unemployment rate held steady at 4.3%, in line with forecasts, as the number of unemployed declined by 66,000 to 7.31 million. Hiring was driven mainly by leisure and hospitality, local government, healthcare, and manufacturing sectors, while the broader U-6 unemployment rate edged down to 8.1% from 8.2%. (U.S. Bureau of Labor Statistics)

Indonesia: MBG Budget Realization Reaches Rp88.15tr as of May26

The Ministry of Finance reported that the Free Nutritious Meals (MBG) program has realized Rp88.15tr in budget spending as of end-May 2026, alongside a significant expansion in beneficiary coverage. The program has reached 63.13mn beneficiaries nationwide, including 48.9mn students and 14.3mn non-student recipients. To support implementation, the government has also expanded its infrastructure network, with 29,670 Nutrition Fulfillment Service Units (SPPG) operating across Indonesia as of May 2026. (Kontan)

Commodity Price Daily Update June 5, 2026

BBRI Disburses Rp9.21tr of Housing Program Loans as of May26

BBRI reaffirmed its commitment to supporting the government's housing development program, becoming the largest distributor of Housing Program Loans (KPP) in Indonesia as of May 2026. The bank's KPP disbursement reached Rp9.21tr, accounting for approximately 54.6% of total national KPP distribution. The achievement was supported by BRI’s extensive network, which includes more than 7,500 service outlets across Indonesia. (Kontan)

IBST Approves Go-Private and Delisting Plan 

IBST shareholders approved the company's go-private and delisting plan. Controlling shareholder iForte (99.95% ownership) will launch a voluntary tender offer at Rp5,400/share from 1–30 July 2026. Management said the move is aimed at improving operational efficiency and supporting long-term restructuring, while IBST posted 2025 net profit of Rp411bn versus a net loss in 2024. (Emiten News)

MEDC Approves US$87mn FY25 Dividend

MEDC approved a total FY25 dividend of US$87mn, consisting of a US$42mn interim dividend paid in Nov-25 and a US$45mn final dividend payable on 3 Jul-26. Shareholders also approved the appointment of Royke Tumilaar as Independent Commissioner and the allocation of 150mn treasury shares for the ESOP/MSOP program. (Emiten News)

TBIG Seeks Up to US$900mn Notes Issuance

TBIG plans to raise up to US$900mn (Rp15.1tr) through a notes issuance to refinance existing obligations and preserve financial flexibility for future growth. The proposed issuance is equivalent to 118.7% of the company’s FY25 equity of Rp12.73tr and will be subject to shareholder approval at an EGMS on 9 June 2026. Proceeds will primarily be used to repay maturing debt and prepay selected loans with less competitive financing structures, while a portion will be allocated to general corporate purposes and business expansion. (Bisnis)

TLKM Plans Up to Rp4tr Share Buyback