The Impact of Trump's Tariffs in 2026 to the Polemics over the Sentencing of Former ASDP Managing Director

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The following is important information related to the development of the business universe that needs attention today based on the curation of the SUAR Team.

2026 Trade Map Still Overshadowed by Trump Tariffs

A number of experts project that Indonesia's trade performance in 2026 will still be overshadowed by Trump's tariffs, known as 'Trump2.0'. This is both a challenge and a threat to Indonesia's trade balance amid the continuing global economic slowdown. Indef Executive Director Esther Sri Astuti said, to anticipate unexpected events, Indonesia needs to prepare safety weapons to increase trade, especially exports.
The Indonesian government should accelerate the finalization of new trade deals with a number of non-traditional countries, such as the recently signed deals with Peru and Tunisia. This step is important as an alternative export market to the US. In the midst of global uncertainty, forging partnerships with non-traditional countries is urgent.

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Between Corporate Decisions, State Losses, and the Risk of Criminalization in the ASDP Case

The verdict of the Corruption Court, Jakarta, Thursday (20/11/2025) to former President Director of PT ASDP Indonesia Ferry (Persero) Ira Puspadewi has shocked the business world. The prison sentence of 4 years and 6 months and a fine of Rp 500 million in lieu of 3 months imprisonment were imposed because the panel of judges considered that Ira caused state losses of around Rp 1.25 trillion during the acquisition of PT Jembatan Nusantara (PT JN) from 2019 to 2022. Five days later, on Tuesday (25/11/2025), President Prabowo exercised his right to rehabilitate Ira. This case has sparked debate between the verdict of state losses, corporate decision errors, or the potential criminalization of BUMN leaders. So how does the case sit in the eyes of the law and BUMN governance?

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Consumer Protection Encouraged as Employer Priority

The Ministry of Trade issued Minister of Trade Regulation (Permendag) No. 15 of 2025 on Standardization in the Trade Sector. This is to encourage businesses to prioritize consumer protection against the use of goods and services related to safety, security, health, and the environment (K3L). The regulation, which took effect on June 17, 2025, also aims to improve the competitiveness of the quality of products and labor in the trade sector.

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Four Pillars of Financial Health According to Queen Maxima, What Are They?

The United Nations Secretary-General's Special Advisor on Financial Health (UNSGSA), Queen Maxima of the Kingdom of the Netherlands, during her visit to Jakarta emphasized that maintaining financial health is no longer just an appeal, but a non-negotiable necessity for the future.
The UN agreed on four main pillars that form the foundation of financial health, including access to financial products and services, resilience to financial shocks (characterized by the availability of emergency funds), future financial planning through pension funds, and financial security guarantees from the government.

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Reduce Imports, Focus on Increasing Soybean Production

Data from the Central Statistics Agency (BPS) shows that the trend of Indonesia's soybean import volume is stable, with an average of over 2.5 million tons per year. In 2019, the soybean import volume was 2.7 million tons. It dropped to 2.2 million tons in 2023, but surged again to 2.7 million tons in 2024. Meanwhile, the import value also fluctuates with the dynamics of global prices and exchange rates, reaching a peak of US$1.6 billion in 2022. The high volume of soybean imports is inseparable from the large demand or national soybean consumption, which reaches around 2.9 million tons to 3 million tons per year.
The United States is Indonesia's main soybean supplier, accounting for almost 90% of total import volume, followed by Canada. The trend of imports from the United States shows a decline in volume from 2017 (2,637,125.0 tons) to 2023 (1,949,365.2 tons). However, it surged again in 2024 to 2,378,735.9 tons.

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Pertamina SMEXPO 2025 is a major event organized by Pertamina to support and encourage local micro, small and medium enterprisesUMKM) to be more vocal and show themselves. This event takes place for 6 full days, namely November 25-30, 2025, at Bintaro Jaya Xchange Mall 2. Apart from being an exhibition of UMKM products, this event will also present a series of interesting activities, such as inspirational talk shows, educational workshops, and special performances from Mazaya Amania, making it a comprehensive platform to advance UMKM players in Indonesia. Stay tuned for the next series of interesting events on day 4 by getting detailed information on Pertamina's Gen UMKM Instagram social media.

Bank Indonesia (BI) will hold its 2025 Annual Meeting of Bank Indonesia (PTBI) scheduled for Friday, November 28, 2025 at 19.00 WIB in Jakarta. The main agenda of PTBI is the delivery of Bank Indonesia's assessment of the condition of the national economy, the challenges faced, and the direction of Bank Indonesia's policies going forward. This year PTBI 2025 raised the theme "Resilient and Independent: Synergy to Drive Higher Economic Growth and Resilience". This event is also a series of events together with the awarding of the Bank Indonesia BI Award 2025 which can be followed online or online. Further information regarding PTBI 2025 can be directly accessed through the official website of Bank Indonesia.