Finance Minister Purbaya explained that starting in 2027, companies—particularly publicly listed firms—will be required to submit their financial statements to the Ministry of Finance in accordance with Government Regulation (PP) 43/2025. He emphasized that this requirement is not new for listed companies and will not apply to small enterprises.
The policy is not merely aimed at improving tax revenue, but at building an integrated, standardized, and consistent financial-reporting ecosystem. The Ministry expects uniform financial-statement data to strengthen governance, support data-driven fiscal policy, and be implemented gradually without disrupting business operations.
– CNN Indonesia, 28 November 2025
Bank Indonesia Prepares 2026 Policy Mix to Support Economic Growth
BI Governor Perry Warjiyo stated that the 2026 policy mix—covering monetary, macroprudential, payment systems, market deepening, and MSME and Islamic finance development—will be oriented toward pro-growth objectives amid global uncertainty.
BI will continue to assess room for further interest-rate cuts, maintain rupiah stability through NDF intervention and secondary-market SBN purchases, and expand placement instruments for natural-resource export proceeds (DHE SDA). Macroprudential easing will be strengthened, including liquidity incentives of IDR 423 trillion and measures to accelerate reductions in bank lending rates.
Payment-system digitalization and money/FX market deepening will also be accelerated in line with the 2030 blueprint to support national economic financing.
– CNN Indonesia, 28 November 2025
ESDM Regulation 18/2025 Strengthens Governance of Rare Earth Metals and Prioritizes State-Owned Enterprises
The government issued ESDM Regulation 18/2025 as a derivative of PP 39/2025 to clarify governance over rare earth metals. The regulation outlines WIUP determination based on Geological Agency research and opens the door for SOEs to be assigned to manage rare earth resources in support of strategic industries such as electric vehicles.
SOEs must comply with licensing and administrative obligations, including data-compensation payments and good-faith guarantees (IDR 50 million for areas ≤40 ha; IDR 1.5 million/ha for areas >40 ha). The regulation aims to optimize Indonesia’s substantial rare-earth potential—particularly in Bangka Belitung and Mamuju—and to promote downstreaming and national industrial value-added.
– Kontan, 24 November 2025
President Prabowo Calls on BRIN–Agrinas to Accelerate Food-Innovation Downstreaming
President Prabowo urged BRIN to strengthen its partnership with Agrinas to accelerate the downstreaming of food-related innovations so research does not stop at the laboratory stage. Synergy between BRIN, the ministries, Danantara, and Agrinas is needed to support Agrinas’ three entities—Pangan, Palma, and Jaladri—in boosting national production capacity.
Prabowo emphasized that future food-self-sufficiency programs must prioritize protein sources such as beef, poultry, eggs, and fish, not only rice and corn. BRIN will also establish a capture-fisheries research center to strengthen marine/inland aquaculture and capture capacity to meet domestic protein needs.
– Antara, 24 November 2025
Finance Minister Confirms Coal Export Duty Will Be Implemented in 2026 Despite Industry Objections
Finance Minister Purbaya Yudhi Sadewa confirmed that the coal export duty will take effect in 2026, despite objections from industry players. He noted that coal’s contribution to state revenues remains low compared to oil & gas, which operate under PSC schemes that allocate up to 85% of output to the government. According to Purbaya, there is sufficient fiscal space without harming competitiveness, as the policy only slightly reduces corporate profit margins.
The Indonesian Coal Mining Association (APBI) fears the policy will add to industry burdens and weaken export competitiveness, noting that coal has not been subject to export duties since 2006 and already faces numerous levies throughout the production chain.
– Bisnis, 26 November 2025
LPS Prepares Policyholder Protection Program, Claims Guaranteed up to IDR 500–700 Million
The Indonesia Deposit Insurance Corporation (LPS) is preparing the Policyholder Protection Program (PPP) mandated under Law 4/2023, featuring three guarantee schemes: claim guarantees, portfolio transfers, and policy refunds.
If an insurance company fails, LPS will guarantee claims (fully or partially) and transfer active policies to healthier insurers. LPS is also prepared to cover additional premiums if necessary. The guarantee limit is estimated at IDR 500–700 million, covering around 90% of the average insured value in Indonesia. If a product cannot be transferred to another insurer, policyholders may receive refunds up to the guaranteed limit.
Although the program is required to be operational by 2028, LPS aims to accelerate implementation to 2027.
– Kontan, 28 November 2025
Mortgage NPLs Surge in September 2025
Residential mortgage quality deteriorated as NPLs reached 3.31% in September 2025, up sharply from 2.64% a year earlier. The increase was driven by weakened purchasing power due to layoffs and MSME slowdown, leaving borrowers more vulnerable to repayment difficulties.
BTN reported NPLs of 3.8%, with a sharp spike in non-subsidized mortgages (5.7%). BCA also saw NPLs rise to 1.79%. Banks are responding by tightening credit analysis and strengthening risk monitoring. Analysts warn that NPLs may continue climbing through year-end unless economic conditions and vulnerable groups’ employment prospects improve.
– Kontan, 27 November 2025
Danantara Prepares Global Bond Issuance in 2026
The Danantara Investment Management Agency plans to issue USD-denominated global bonds in 2026, with renminbi-denominated bonds also under consideration. Danantara’s Managing Director of Treasury, Ali Setiawan, stated that the agency is currently in the process of securing an initial credit rating as part of its issuance preparation.
Previously, Danantara raised IDR 50 trillion (USD 3 billion) through the Patriot Bond in October 2025 and had planned an additional IDR 12 trillion issuance in late November. However, this plan was postponed and will be executed before year-end.
– Kontan, 28 November 2025