Boosting the Real Sector, Electric Cars, Textile Industry, and Danantara

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.

Real Sector Desire to Rise, State Revenue Dependence on Palm Oil

Minister of Finance Purbaya Yudhi Sadewa, in a plenary session of the House of Representatives on Tuesday (23/9/2025), said that real sector businesses play an important role as a contributor to state revenue and the motor of the country's economic growth this year and next year. A fast-running real sector can help boost state revenue - which in turn boosts economic growth.
The role of real sector expansion is also expected to have an immediate impact in the rest of this year to boost state revenue. This is because, similar to the state spending realization that has not been optimal at the beginning of the fourth quarter of 2025, the realization of state revenue has only reached half of the outlook set.
Looking at the realization of state revenue of Rp 1,638.7 trillion or only 57.2% of the 2025 State Budget outlook , according to Deputy Minister of Finance Anggito Abimanyu, there are still a number of challenges and opportunities to maximize state revenue until the end of 2025.

Read more here.

Astra Group Joins Electric Vehicle Ecosystem, Develops EV Component Products

The high demand for electric vehicles (EVs) is a blessing for the local automotive component industry. They can compete and adapt to the electric vehicle ecosystem. Astra Group, as one of the market leaders in conventional vehicles in Indonesia, inevitably has to follow the market development. Through its subsidiary PT Astra Otoparts Tbk (AUTO), Astra Group develops EV component products.
The market for gasoline engine-based vehicles is still very large. Thus, the ICE component industry still has staying power in the midst of electrification. Some of the specialized electric vehicle components that have been developed include battery pack, drive shaft, caliper assy, duet HV battery intake, EV battery box, battery case, motor unit cover, to hybrid damper and hose cooling inverter & motor. AUTO currently has more than 15,000 outlets and export network to more than 50 countries. Asia is the main market with 59.6% contribution, followed by the Middle East, South Africa, and Europe.

Read more here.

Supporting labor-intensive industries, employers urge passage of textile bill

One of the important points in the Textile Bill is to provide real protection for local industry players, while encouraging the utilization of domestically sourced raw materials.
The Textile Bill is also expected to provide legal certainty for business actors to increase local competitiveness. In addition, the Textile Bill also encourages the independence of the textile sector amidst the swift flow of imports. In addition, according to API Chairman Jemmy Kartiwa, the Textile Bill can become a strong legal umbrella so that it can increase the competitiveness of the national textile industry.

Read more here.

SOE Minister Seat Still Vacant, Merger Discourse with Danantara Strengthens

After Erick Tohir was sworn in as Minister of Youth and Sports at the State Palace, replacing Dito Ariotedjo who was reshuffled, the seat of Minister of State-Owned Enterprises (SOEs) has yet to be filled by a definitive minister. Along with Erick's inauguration, on Wednesday (17/09/2025), President Prabowo Subianto appointed Deputy Minister of SOEs and Chief Operation Officer of the Daya Anagata Nusantara Investment Management Agency or Danantara, Dony Oskaria, as acting Minister of SOEs.
The issue of merging the Ministry of SOEs with Danantara then surfaced after the President only appointed Dony as Minister of SOEs ad interim. Minister of State Secretary, Prasetyo Hadi, confirmed the discourse on the merger of the two institutions. However, Prasetyo said the merger was still under review.

Chairman of the Legislation Body (Baleg) of the House of Representatives (DPR RI) Bob Hasan revealed that the Danantara Bill is urgently included in the list of national legislation programs (Prolegnas). According to him, the regulation is needed to tidy up the governance of BUMN, which currently overlaps with Danantara.

Read more here.

Maintain Financial Health, Change Bad Habits

OCBC's Financial Fitness Index 2025 research indicates a decline in financial health among young people. The research, which targets young people aged 25-35, shows that the financial health of young Indonesians is far from perfect. Many bad habits are considered to interfere with good financial management.
The OCBC research highlighted some bad habits that are damaging to financial health. Among others, 14% of respondents admitted that they spend more than they earn. Another 56% of respondents often pay their credit card bills at the minimum rate, a practice that can trap consumers in long-term debt.
In addition, 39% of respondents often borrow money from friends or family. Another bad habit is that many respondents admitted to spending money just to follow their friends' lifestyles (76%). These findings further illustrate that excessive consumptive behavior can lead to an increase in consumer credit.

Read more here.

Interzum Jakarta Exhibition: This is a trade fair for the furniture production, interior components, and wood processing machinery industries. The exhibition, organized by Koelnmesse Pte Ltd from 24 September to 27 September 2025, at the Jakarta International Expo (JIExpo), Kemayoran, Jakarta, will be an important platform for global suppliers to connect with the growing Indonesian market. It plans to have more than 380 international exhibitors and targets 15,000 business visitors, including buyers to distributors. The exhibition is also held in conjunction with IFMAC & WOODMAC and International Hardware Fair Indonesia, so visitors can access all three events with just one ticket. Interested participants can register for free admission through the website or find more information on social media.

Publication of Monthly Report of Socio-Economic Statistical Data August 2025: Through this routine agenda, the Central Bureau of Statistics (BPS) releases important statistical data reports that describe various social and economic indicators, such as inflation rates, export-import developments, and employment. This publication is crucial for the government, economists, academics, and businesses to analyze trends and make strategic decisions. The data release is scheduled for Wednesday, September 24, 2025, which can be accessed online and free of charge through the official BPS website.

"Help the young people. Help the little people. Because little people will be big. Young people will have the seeds you sow in their minds and when they grow, they will change the world." (Jack Ma - Alibaba founder)