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.

QRIS Tap In & Out Can Be Used in Five Modes of Jabodetabek Transportation

• Bank Indonesia on Thursday (30/10/2025) officially launched Quick Response Code Indonesian Standard (QRIS) Tap In & Out for five modes of transportation in the Jabodetabek area, namely KRL Commuter Line, Transjakarta, Jakarta LRT, Jabodebek LRT, and MRT. This makes it easier for people to make digital payments without the need to scan a QR code.
• Since it was first launched on August 17, 2019, QRIS has connected 57 million users and 39 million merchants, most of whom are UMKM. BI targets that by 2030, digital finance will increase to 147.3 billion transactions.

Read the full story here.

Rp 200 Trillion in Government Funds Distributed by State Banks to Productive Sectors

• The placement of Rp 200 trillion in funds from the government through the Ministry of Finance to five state banks, in September, has reportedly been channeled into financing to the productive sector. As is known, the government injected Rp 200 trillion in funds from the Excess Budget Balance (SAL) to five state banks, namely PT Bank Rakyat Indonesia (Persero) Tbk (BRI), PT Bank Mandiri (Persero) Tbk, PT Bank Negara Indonesia (Persero) Tbk (BNI), PT Bank Tabungan Negara (Persero) Tbk (BTN), and PT Bank Syariah Indonesia Tbk (BSI).

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Agro Industry is the Main Support for National Economic Growth

• The agro industry is one of the strategic sectors that has an important role in sustaining Indonesia's economic growth. During the first semester of 2025, investment realization in the agro industry reached IDR 85.05 trillion. Labor absorption was 9.8 million people or 50.26% of the total non-oil and gas processing industry workforce. Based on the ministry's data, in the first semester of 2025, the agro industry sector recorded a contribution of 52.07% to the GDP of the non-oil and gas processing industry, then contributed up to 8.96% to the national GDP. The agro industry sector also showed a brilliant performance with an export value of USD 37.38 billion and a trade balance surplus of USD 26.96 billion.

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Excise Taxes Will Not Increase in 2026, E-cigarette Industry Has Momentum to Grow

• Finance Minister Purbaya Yudhi Sadewa emphasized that the excise tariff on tobacco products and the retail selling price (HJE) of cigarettes will not be increased in 2026. This certainty was conveyed in order to maintain the stability of the tobacco products industry which still plays a major role in the national economy. The policy is a continuation of the government's move the previous year, which also did not increase cigarette excise.

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Good Policies and Good Luck are the Capital of Developing Countries to Face Uncertainty

• The International Monetary Fund (IMF) through its October 2025 World Economic Outlook (WEO) projects a slowdown in economic growth in various regions. However,emerging market countries in Asia show better resilience due to external factors(good luck) and internal policies(good policies). The slowdown in economic growth is triggered by increasing global uncertainty and regional geopolitics. This can be seen through a number of index measurements such as the Global Uncertainty Index (GCI), Economic Policy Uncertainty (EPU) and Geopolitical Risk Index (GPR) which illustrate the increasing uncertainty.
• Real Gross Domestic Product (GDP) developments in the WEO report show the Asian region as a whole is projected to slow down from 4.6% (2024) to 4.5% (2025) and $4.1 (2026). Emerging and Developing Asia still leads global growth, despite a slowdown from 5.3% (2024) to 5.2% (2025) and 4.7% (2026). This surpasses the projection forAdvanced Asia of only 1.1% by 2026. 

Read the full story here.

Info Franchise & Business Concept (IFBC) Expo 2025. The most comprehensive franchise, partnership and business opportunity exhibition in Indonesia organized by Neo Expo Promosindo with the theme"Energizing Entrepreneurship" will be held at ICE BSD, Tangerang on 31 October-2 November 2025 (in Hall 1-2). IFBC presents more than 200 business brands from various sectors such as culinary, beverages, services, to digital technology, offering business opportunities ranging from small to large capital, as well as presenting inspirational seminars and talk shows that can be accessed by visitors. Information related to the event and spotlight franchise tenants present at the event can directly visit the official IFBC website. 

Jakarta Coffee Week (Jacoweek) 2025 is Indonesia's largest annual coffee exhibition and this year celebrates its 10th anniversary. The exhibition is dedicated to raising the profile of Indonesian coffee on the world stage and connecting the coffee community. The event will be held for three days, from October 31 to November 2, and will take place at ICE BSD City, Tangerang from 10:00 to 20:00. Jacoweek features more than 168 local and international brands, which include coffee producers, equipment makers, baristas, and coffee enthusiasts. The event is enlivened with various activities such as Indonesia Brewers Cup Championship 2025, Coffee Talks, Jacoweek Cupping Area, Coffee Market, and joint exhibition of Jakarta Dessert Project and Indonesia Tea Culture. Participants can enjoy this event by purchasing admission tickets on site or through the official Jacoweek 2025 website.

"A big dream is the first step to achieving success. Don't be afraid to dream and start working from the first step." (Jack Ma - Alibaba Founder)

Have a good day, Chief.

Team SUAR