Indonesia Government to Auction Sovereign Bonds, Targeting IDR 33 tn

MACROECONOMY
Indonesia’s Annual Inflation Rose to 4.76% in Feb-26 
Indonesia’s annual inflation increased to 4.76% in Feb-26, up from 3.55% in Jan-26, marking the highest level since Mar-23. The rise was mainly driven by low base effects from electricity tariff discounts introduced in early 2025, which had suppressed prices last year. Inflation pressure was observed across several components, including food (3.51% vs 1.54% in Jan-26), housing (16.19% vs 11.93%), clothing (0.73% vs 0.56%), furniture (0.21% vs 0.16%), and health (1.61% vs 1.62%). Core inflation, which excludes food and volatile regulated prices, increased to 2.63%, the highest since May 2023. On a monthly basis, consumer prices rose 0.68%, reversing a 0.15% decline in Jan-26, marking the fastest monthly rise in ten months. (Trading Economics) 

Indonesia Government to Auction Sovereign Bonds, Targeting IDR 33 tn 
The Govt. of Indonesia announced plans to auction sovereign debt instruments with a targeted total of IDR 33 tn as part of its ongoing debt management and financing strategy. The program includes several series of retail and institutional govt. bonds, aimed at supporting budget financing needs while offering investment opportunities for local and foreign investors. The auctions are structured to align with market conditions and investor demand, contributing to broader efforts to maintain fiscal stability. (Bloomberg Technoz) 

INDUSTRY 
Saudi Aramco’s Ras Tanura Refinery Shut After Drone Attack 
Saudi Aramco shut down its 550,000 bpd Ras Tanura refinery on 02-Mar-26 after a fire broke out following a reported drone attack, temporarily halting loadings at one of the world’s largest oil export terminals. The facility, which processes crude from major fields including Ghawar, Abqaiq, and Khurais, is a key gateway for Saudi exports to Europe and Asia, amplifying supply concerns amid escalating regional strikes. (Bloomberg)