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Title: IHSG Prediction: Minister Sees 9,000 by Year-End

by Priya Shah – Business Editor October 17, 2025

written by Priya Shah – Business Editor

Jakarta – Despite a market downturn today, Friday, October 17, 2025, IndonesiaS Minister of ‍Finance, Purba Yudhi Sadewa, expressed strong confidence in the nation’s economic trajectory, predicting the Composite Stock⁤ Price Index (IHSG) could reach⁤ 9,000 by year-end.The IHSG closed⁣ at 7,915,down 20.91 points (2.57%) today.

Sadewa attributed his optimistic outlook ‌to ongoing government efforts to strengthen the Indonesian economy’s foundations, assuring investors there is no cause for ‍concern. He ⁢believes that as various economic‌ programs are implemented, Indonesia‘s economic profile will improve significantly. ⁣”By the end of the year, getting 9,000 is not ‍too tough. Once they know that the programme I am running is really being implemented correctly, the foundation of the economy will change,” he stated at the ministry of Public Works Office ‍in Jakarta.

Looking further ahead, Sadewa projected an even more substantial rise,⁣ forecasting the IHSG‌ to reach⁢ 35,000 by‌ 2035, ‍contingent on ⁢the ⁢continued success of ⁢current ‍programs. “As I said earlier, if I can maintain this, really expand it to 10⁤ years, 8 years from now, 2030, it will⁤ be different.‍ It could‌ be 4 times, 5⁤ times from now, ⁣from 7 thousand. So people say⁢ it’s above 35,000 or around there. But⁤ we’ll see, ⁤if I don’t get fired, okay,”‍ he added.

The Minister also viewed‍ the current decline in the JCI as⁣ a favorable possibility for investors. “I think like ⁤this, what you see is what the economic foundation will be like in the ⁢future. We ‌are⁤ seriously repairing the foundation. This will change the economic profile in the future. ⁣If investors know, there’s no need ‌to ‌be afraid. Good time to buy,” Sadewa said.

Today’s trading saw a volume of 39.95 billion shares‌ traded, valued ⁢at IDR 27,964 trillion, across 2,676,483 transactions. Of the shares ⁤traded, 116 strengthened, 598 weakened, and 94 remained stagnant. The⁢ JCI opened at 8,132,reaching a⁢ high of 8,140 and a low of 7,854 during the session.

(hns/hns)

October 17, 2025 0 comments

Business

Indonesia Fuel Shortage: Investment Certainty Amidst Import Quota Increase

by Priya Shah – Business Editor October 11, 2025

written by Priya Shah – Business Editor

Jakarta – The Indonesian government ‍has affirmed its commitment to private sector investment in⁣ fuel distribution, responding to concerns raised by companies ⁤like ‍Shell, Exxon, and BP AKR regarding recent fuel shortages ⁢at⁤ private gas stations. ⁣Minister of‌ Energy ⁢and‍ Mineral Resources (ESDM) Bahlil Lahadalia stated the government has increased the 2025 import quota for fuel by 110% compared to⁤ 2024.

“The ⁢110% should have been patented, right? So what investment⁢ are we blocking?” Bahlil said Friday (October 10, 2025) at the‌ Jakarta Convention Center.

The reassurance follows a meeting on Tuesday (October 7, 2025) between representatives of ⁢the private ‍companies and the Ministry of⁣ Investment and Downstreaming/BKPM. Private gas stations‌ have experienced fuel stockouts sence the end ⁣of August 2025, prompting a request for collaboration with Pertamina to address‍ the shortages.

Bahlil emphasized ⁢the government’s support for private⁢ investment, ‌while ‌also stressing the importance⁣ of‌ adhering to existing regulations. “So, ‌with regard to the private sector, we respect all existing investments. But the ⁣private sector must also⁢ follow existing regulations,” he stated.

Deputy Minister of Investment and Downstreaming/Deputy Head of⁣ BKPM,⁤ Todotua Pasaribu, acknowledged the import quota ⁣restrictions ‍had disrupted business plans. However,‌ he also ‍noted the Ministry of Energy and Mineral Resources’ need to balance import quotas.

“Yes (disturbed),as there are quota restrictions,it is indeed quiet disturbed. But ‍also⁢ from the Ministry of Energy and⁣ Mineral Resources’ side, thay also need to adjust⁢ their ⁣import⁢ quota balance,” Todotua added.

Despite the ‌disruption, Todotua assured that private‌ investment plans would proceed as scheduled. The meeting with the private companies centered on addressing concerns about import quota restrictions affecting the supply of non-subsidized fuel.

(ily/rrd)

October 11, 2025 0 comments

Business

Indonesia Fuel Import: Pertamina to Facilitate Supply

by Priya Shah – Business Editor September 13, 2025

written by Priya Shah – Business Editor

Jakarta, October 12, 2025 – Indonesia is centralizing fuel imports through state-owned oil and gas company PT Pertamina, including supplies destined for private gas stations, to ensure sufficient stock and streamline teh process. The move comes as the government assesses total fuel needs, currently estimated at 1.4 million kiloliters based on preliminary consolidation data.

Yuliot, an official at the Ministry of Energy and Mineral Resources, explained the government is requesting detailed import needs data from each business entity. “So from this how manny portions of Pertamina, how many portions of business entities, this is the data we ask for a detail. Because the government in giving the approval until the end of the year is about how much needs,” Yuliot said Friday. The “one door” import system aims to prevent shortages during implementation.

The initiative is partially linked to a trade agreement with the United States, perhaps involving US companies like ExxonMobil and Chevron for procurement, though the source of supply remains flexible. “But this is recorded as our trade balance with America,” Yuliot added.

The government initially opened fuel imports through Pertamina to address fuel shortages at private stations, notably when Pertamina’s refinery output is insufficient. However, Director General of oil and Gas Laode Sulaeman noted that private sector entities have yet to agree to purchase fuel from Pertamina due to differing specifications regarding fuel additives.

“Each business entity has its own specifications of its additives. If the BBM specifications are the same,” Laode explained Wednesday. The Ministry is currently collecting data from private gas stations to relay to Pertamina, enabling the company to determine the volume of additional imports required.

September 13, 2025 0 comments

Business

Fuel Shortage Denied: Bahlil Says Private Stations Have Import Quotas

by Priya Shah – Business Editor September 1, 2025

written by Priya Shah – Business Editor

Jakarta – Indonesia’s Minister of Energy and Mineral ⁣Resources (ESDM), Bahlil Lahadalia, has dismissed claims of fuel‍ scarcity at private gas stations, stating teh government has already⁤ increased import quotas for 2025.The clarification‍ comes after reports of stock shortages at stations operated by Shell,‌ BP-AKR, and Vivo⁢ over the past week.

Bahlil explained⁣ that the government granted a ⁢10% increase in fuel import quotas for⁣ private companies in 2025,building on the 2024 allocations. “For the availability⁤ of ⁣our national fuel for the private sector, we provide import ⁣quotas, such as, in 2024, 1 million [units]. In 2025 we give 10% added too 1.1‍ million, that is an example. So ⁣the import quota is given ‌100% in 2024 plus 10%,” ‌he said at the ⁢Presidential Palace in Central Jakarta on Monday (September‍ 1, 2025).

“So more than the target of the previous year. So, no ⁤one is [experiencing] scarcity,”⁤ bahlil affirmed. He noted that private stations requesting additional supply could also source fuel from the state-owned Pertamina.

“but they ask for added.But if I ask‍ for adding‍ I say,that‍ our national inventory is still there. So it can⁣ be collaborated with ‌B-to-B with national inventory,” Bahlil stated.

The move to increase import quotas aims to ensure a stable fuel supply for⁢ both public and private sectors amidst growing demand.

(Hal/HNS)

September 1, 2025 0 comments