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.

Industry Still Confident of Expansion, Manufacturing Remains Stable

• The September 2025 Industrial Confidence Index (IKI) value, released by the Ministry of Industry on Thursday (30/9/2025), shows that it is still in an expansive and positive phase. Namely, at 53.02.
• A total of 69.6% of businesses recorded feeling optimistic, up 1.5% compared to the previous month's percentage. Meanwhile, 24.3% of businesses stated that their business conditions were stable and remained in an expansion position.

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Economy slows down due to geoeconomic conflicts, need to anticipate

• The latest Chief Economists Outlook report released by the Center for the New Economy and Society of the World Economic Forum (WEF) on Thursday, September 25, 2025, states that 61% of respondents expect economic conditions to weaken(somewhat weaker), while 39% of respondents expressed expectations to bemuch weaker. As many as 82% of respondents pointed to the US reciprocal tariff policy as the culprit for the increase in geoeconomic disputes.

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Synchronized and Precision Data, the Key to Accurate Distribution of Energy Subsidies

• As of September 2025, the Ministry of Finance has realized Rp218 trillion in subsidies or 43.7% of the 2025 State Budget ceiling of Rp498.8 trillion. Unfortunately, the distribution of subsidies is still often misdirected. It is evident that people in deciles 8-10 still enjoy energy subsidies and compensation. Deciles 8 and 10, people with per capita incomes of Rp6,500,000 to over Rp20,000,000 per month, still enjoy energy subsidies and compensation, with benefit receipt rates ranging from 9%-11%. In detail, people in decile 8 receive subsidies and compensation for electricity up to Rp20.7 trillion and fuel up to Rp7.8 trillion; people in decile 9 receive subsidies and compensation for electricity up to Rp18.7 trillion and fuel up to Rp7 trillion; and people in decile 10 receive subsidies and compensation for electricity up to Rp16.6 trillion and fuel up to Rp6.3 trillion.

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Success Stories of Three UMKM Champions Level Up thanks to Live E-Commerce

• The 'live' feature in e-commerce makes UMKM players rise and get hundreds of thousands of orders. Check out the success stories of three UMKM champions who increased their business capacity thanks to the live e-commerce feature.

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Selected Video: Meeting between Finance Minister Purbaya and Commission XI DPR on Energy Subsidies

Finance Minister Purbaya Promises to Speed Up Energy Subsidy Payments

In a meeting with Commission XI of the House of Representatives, Finance Minister Yudi Sadewa emphasized that the government will accelerate the payment of subsidy arrears and energy compensation to state-owned enterprises. He acknowledged complaints from Pertamina and PLN due to delays, and said the DPR's criticism was reasonable because slow processes could disrupt the companies' cash flow.

SUAR Inspires the Business WorldAgung Mahesa Fikri

Indonesia in the Midst of Global Trade Disruption

• The World Economic Forum (WEF) 2025 survey found that short-term geoeconomic instability across sectors has a long-term impact. However, the outlook for economic growth due to disruption is different in each region or area.
• The World Economic Forum (WEF) Chief Economists' Outlook September 2025 survey - which highlights various global and regional economic issues - also revealed that the pillars of the global economy that are of concern to world economists now center on trade vulnerabilities. In assessing the pillars of trade and global value chains (GVCs), 70% of respondents who are economists rated the level of disruption as very high. In fact, as many as 79% of these economists consider it to have a very systemic impact.

Read the full story here.

Kick Off Integrated Sustainability Indonesia Movement (I-SIM) 2025: The event has a central theme of "Food and Nutrition Innovation: Improving the Quality of Human Resources, Accelerating Sustainable Economic Growth, and Reducing Poverty." Held on Wednesday, October 1, 2025, starting at 09.00 WIB online(Live via Zoom and YouTube I-SIM Official), the kick off event will feature keynote speakers from various government agencies and associations, including PT Surveyor Indonesia President Director Sandry Pasambuna, Ministry of PPN/Bappenas Pungkas Bahjuri Ali, Association of All Indonesian District Governments (Apkasi) Sarman Simanjorang, Alwis Rustam (APEKSI), and Edison Siagian (MoHA).

Indonesia Palm Oil Research, Innovation, and Commercialization Expo (IPORICE) 2025: One of the palm oil industry's largest conferences and exhibitions aims to address the strategic challenges of the palm oil industry from upstream to downstream, especially through Research, Innovation, and Commercialization. The event is organized by Sawit Indonesia Magazine and relevant industry partners, and is generally held at the Ballroom, 2nd floor, BRIN, Jakarta on October 1-October 3, 2025. IPO-RICE brings together experts, researchers, stakeholders, and decision makers in the palm oil sector to share knowledge and bring together new technologies with professionals, academics, and business players.

"Change. But slowly, because purpose is more important than speed." (Paulo Coelho-Novelist)

Have a good day Chief.

Team SUAR