■ Indonesia’s 2025–2029 RPJMN targets raising the tax-to-GDP ratio to around 15% to create more fiscal space for infrastructure, education, health, and other strategic programs while reducing reliance on debt.
■ Finance Ministry will offer low-interest loans to local governments for eligible development projects; under PP No. 38/2025, qualifying regions can borrow at rates as low as 0.5% to keep key infrastructure and service programs moving.
■ On Tuesday (4/11), JCI closed -0.40% lower at 8,241.9 with foreign investors posting net buy of IDR 307.2 billion in the regular market and net sell of IDR 2.7 billion in the negotiated market.
■ We recommend INDOGB bonds such as FR91, FR89, FR85, FR77, FR62 and INDOIS: PBS24, PBS22, PBS15.
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