Fashion Ambitions, Market Highs, and Policy Challenges

Good morning Chief,

Here are today’s key updates on business developments curated by the SUAR Team:

Indonesia Eyes Global Muslim Fashion Hub

Jakarta will once again take the global fashion spotlight with the Jakarta Muslim Fashion Week (JMFW) 2026, set to take place November 6–9, 2025 at Kartika Expo Balai Kartini.
The event is expected to showcase 100 designers with over 1,000 brand collections, targeting 8,000 visitors over four days.

IHSG Nears New Psychological Threshold

For four consecutive trading days since Friday, August 8, 2025, Indonesia’s stock market has shown impressive performance. By Wednesday, July 13, 2025, the Jakarta Composite Index (IHSG) rose 1.30% to 7,892.91, marking a new yearly high and nearly matching its all-time peak (a margin of just 0.22%).
The rally was supported by foreign investors’ net buy of IDR 1.49 trillion across markets. In the regular market, net buy reached IDR 1.52 trillion, while in the negotiation market, foreign investors recorded a net sell of IDR 34.72 trillion.

Experts are urging the government to conduct regular evaluations and long-term studies on the Free Nutritious Meals (MBG) program as its projected budget is expected to balloon to IDR 300 trillion in 2026.
The National Nutrition Agency (BGN) reported that as of August 11, 2025, state budget realization for MBG reached IDR 8.2 trillion, funding the establishment of 5,103 Nutritional Service Units (SPPG) across 38 provinces, with more than 15 million beneficiaries.

International crude palm oil (CPO) prices have continued an upward trend, marking four straight sessions of gains, largely driven by strong demand from key importers such as India during its festival season.
Meanwhile, the government’s plan to roll out a mandatory biodiesel policy, particularly the B50 implementation in early 2026, is raising concerns among palm oil producers.

Rising Spending Pushes Savings Index Lower

Higher household spending, especially on education at the start of the new academic year, has caused the Consumer Savings Index (IMK) to dip in July compared to the previous month.
According to the July 2025 Consumer Savings Survey released by the Deposit Insurance Corporation (LPS) on August 10, the IMK fell to 82.2, down 1.6 points from June, reflecting weaker interest and ability to save.

ILF & IGT Expo 2025: The Indonesia Leather and Footwear (ILF) & Indonesia Garment and Textile (IGT) Expo 2025 will take place at JIExpo Kemayoran from August 14–16, 2025.

This three-day event serves as a collaborative platform uniting fashion, technology, and culture. Highlights include inspiring talk shows with leading figures and brands, fashion shows featuring the latest collections, networking sessions to expand business connections, and activities promoting the preservation of Indonesian cultural heritage.

The expo is positioned as a key platform for gaining fresh insights, forging partnerships, and celebrating Indonesia’s cultural richness in the global fashion landscape.

Jakarta No-Code Day 2025: No-Code Day Jakarta, an annual conference organized by Creatio, will be held in person at The Westin Jakarta on August 14, 2025.

The event brings together digital leaders, innovators, and industry experts to discuss the latest advancements in AI, CRM, and no-code technology. Participants can tailor their experience—whether focusing on networking, learning from industry leaders, or deepening expertise in these fields.

“What do you need to start a business? Three simple things: know your product better than anyone, know your customer, and have a burning desire to succeed.” (Dave Thomas, Wendy’s founder)