INDONESIA: Country Wrap: FinMin Commits to Fiscal Restraint

Market Summary: The Jakarta Composite bounced back and is up +0.95% today, whilst the IDR has shrugged off the biggest 1-day fall since April yesterday to post modest gains today, up +0.17% to 16,453.  Bonds yields are slightly lower with the 10-Yr at 6.41%

• The incoming Finance Minister Purbaya calmed markets by committing to fiscal policies, following negative market reactions to the removal of his predecessor Sri Indrawati (source Antara)
• Indonesia’s Special Economic Zones (SEZs) saw $2.45 bn in investments during the first half of 2025, according to the National Council for Special Economic Zones. The figure accounts for 48.2 percent of this year’s target of Rp84.1 trillion. The SEZs also absorbed 28,094 workers in the same period, surpassing half of the government’s 2025 target of 49,779 jobs. (source Jakarta Globe)