Good morning, Chief... 

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.

Digital Economy Outlook 2026: Driving Innovation with Regulatory Certainty

• The acceleration of digital economic growth throughout 2025 is proof that Indonesia has great opportunities and potential in the digital economic ecosystem. Moreover, various stakeholders appear committed to maximizing Indonesia's potential, which is increasingly opening up in terms of product and service innovation as well as supporting infrastructure in 2026. However, reflecting on the experience of 2025, innovation and market potential do not necessarily result in tangible contributions without adaptive regulatory certainty and the ability to provide a safe space for innovators to take steps and grow.
• Various aspects of digital innovation continue to record rapid growth. During November 2025, digital transactions including mobile banking, internet banking, and QRIS grew by 40% with a volume of 4.6 billion transactions. In 2026, we are pushing for the expansion of QRIS with the theme of independence: 17 billion transactions, cross-border to 8 countries, 45 million merchants, and 60 million users. Since its launch, QRIS Tap In/Tap Out has recorded 508,000 transactions in 14 provinces, growing 1200% month-to-month.

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Notes from the Indonesian Digital Economy Throughout 2025

• Notes on a number of important and impactful events in the digital economy sector throughout 2025. These events range from corporate actions by companies engaged in the digital economy to various new regulations in the ecosystem.

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Negotiations Complete, US Trade Tariffs to End in Late January 2026

• On Tuesday (12/23/2025), the Indonesian government announced that it had agreed on the substance of the reciprocal negotiations or Agreement on Reciprocal Trade (ART) between the two countries, which is targeted to be completed and signed by the end of January 2025. The US has also granted tariff exemptions on Indonesia's leading export products such as cocoa, palm oil, coffee, and so on. Meanwhile, the United States is eager to gain access to critical minerals.

Featured Video: Pet Hotels Are Booming During the Christmas and New Year Holidays

Pet Hotel Business Booms During Christmas and New Year Holidays

During the long school holidays and ahead of the Christmas and New Year holidays, dog and cat boarding increases. This is because many pet owners travel and need a safe and comfortable place to board their beloved pets, so boarding facilities are often fully booked well in advance, resulting in a significant increase in turnover for

SUAR Inspires the Business WorldAgung Mahesa Fikri

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Expansion of the Healthcare Industry Amid Rising Medical Costs for the Public

• The healthcare industry in Indonesia is transforming in line with increasing awareness of physical well-being and the challenges of post-pandemic diseases. Despite being faced with the issue of rising costs, which are often seen as a burden on households, the national healthcare market continues to expand. This creates space for healthcare industry players to deliver more comprehensive and competitive innovations and service solutions. Data from the Central Statistics Agency (BPS) on the average monthly per capita health expenditure of Indonesians shows an upward trend every year.
• The most significant increase occurred between 2024 and 2025, with monthly expenditure rising from Rp 146,309 to Rp 160,873. This 9.95% increase absorbed a larger portion of people's income, reaching 10.25% of total monthly expenditure. This double-digit figure indicates that the health sector is a priority in household budgets. More specifically, public health spending is currently still focused on medical or curative services, which account for a very large portion, exceeding 70%. The allocation of costs for treatment has even increased in the period from 2023 to 2025, with an increase of around 13%-16%.

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The Indonesia Stock Exchange (IDX) has set a special operating schedule for the end of this year. Stock trading will be suspended for two consecutive days on Thursday, December 25, 2025, to commemorate Christmas Day and Friday, December 26, 2025, as a collective holiday. Wednesday, December 24, will be the last effective day for conducting transactions on the stock exchange. Capital market activities will resume as normal on Monday, December 29, 2025.

UMKM 2025 held by the Ministry of Micro, Small, and Medium Enterprises (UMKM) will end tomorrow, Wednesday, December 24, 2025, at the SMESCO Indonesia Exhibition Hall, Jakarta. With the theme " UMKM Business Ecosystem, Ready to Become Export Champions," the event has been running since December 22. This event serves as a strategic platform for local businesses to strengthen collaboration through a cluster and holding approach in order to penetrate the global market. In addition to showcasing international-standard products from the culinary, fashion, and craft sectors, the expo also facilitates business matching and the signing of cooperation agreements with strategic partners such as state-owned enterprises, modern retailers, and foreign distributors. With the event concluding tomorrow, it is hoped that the UMKM have successfully expanded their market access and enhanced the competitiveness of their products through rigorous curation and certification processes throughout the event. Further information regarding the event can be accessed directly on SMESCO's official website.

"I never dreamed of success. I worked for it." (Estée Lauder-Estée Lauder Companies)

Have a good day Chief.

Team SUAR