Indonesia to Break Ground on 18 Downstream Projects in 1Q26

INDUSTRY 
Indonesia to Break Ground on 18 Downstream Projects in 1Q26 
Govt. confirmed that six downstream projects will commence construction with groundbreaking in Jan-26, followed by additional groundbreakings in Feb–Mar-26, bringing the total to 18 downstream projects starting development in early 2026. Key projects include coal gasification into DME to reduce LPG import dependence, Waste-to-Energy (PLTSa) facilities across 34 cities/regencies to address daily waste volumes exceeding 1,000 tons, and multiple agriculture-based downstream initiatives designed as labor-intensive programs with meaningful investment value. Separately, Danantara reiterated that initial projects ready for Jan-26 include SGAR, bioavtur plant in Cilacap, bioethanol plant in Banyuwangi, and coconut-based agricultural downstreaming, underscoring govt.’s push to accelerate energy security, waste management, job creation, and value-added industrialization. (Katadata) 

COMPANY 
Unilever Indonesia (UNVR) Divested Sariwangi Tea Business for IDR 1.5 tn 
UNVR signed a business transfer agreement on 06-Jan-26 to divest its Sariwangi tea business to PT Savoria Kreasi Rasa (Djarum Group) for IDR 1.5 tn, with completion targeted on 02-Mar-26, as part of a strategy to improve efficiency and refocus on higher-growth, higher-margin core segments such as personal care and consumer foods. The transaction value equals 45% of UNVR’s equity (Sep-25), while Sariwangi contributes only 2.7% of revenue and 3.1% of net profit, implying limited operational impact. (Kontan) 

Bank BTN (BBTN) Appointed Didyk Choiroel as Commissioner 
BBTN approved the appointment of Didyk Choiroel as commissioner at an Extraordinary General Meeting of Shareholders held on 07-Jan-26, while maintaining the existing board of directors lineup. The commissioner structure continues to be led by Suryo Utomo as president commissioner and Dwi Ary Purnomo as vice president commissioner, with the president director position remaining unchanged. Didyk’s appointment will be effective after obtaining fit-and-proper approval from OJK. (Kontan)