US Dropped Proposed 20% Strait of Hormuz Transit Fee

S&P Expected Indonesia's Govt. Debt Ratio to Rise Through 2029
S&P Global Ratings projected Indonesia's net general government debt to increase to 37.4% of GDP by end-29 from 36.4% in 2024, with annual debt accumulation averaging 2.9% of GDP during 2026–2029. The rating agency also expects the interest-to-revenue ratio to remain above 15% in 2026–2027 before easing as interest rates decline and government revenue improves. Separately, S&P assessed contingent liabilities from SOEs and Danantara as limited, and therefore does not consolidate their debt into the Govt.'s debt metrics. (Bloomberg Technoz)

US Dropped Proposed 20% Strait of Hormuz Transit Fee
US President Donald Trump withdrew the proposed 20% transit fee on cargo shipments through the Strait of Hormuz, one day after announcing the measure, following requests from Gulf allies including Saudi Arabia, the UAE, Qatar, Bahrain, and Kuwait. Instead, Trump said the US would receive economic benefits through future trade and investment agreements with Gulf states. Despite abandoning the fee, the US resumed its naval blockade on Iranian shipping and continued strikes on Iranian targets, keeping geopolitical tensions elevated. Brent crude settled nearly 2% higher at USD 84.73/bbl, its highest level in about a month. (Bloomberg)

IDX Revised HSC Methodology, Added 37 Stocks to Watchlist
The Indonesia Stock Exchange (IDX) revised its High Shareholding Concentration (HSC) methodology by introducing price impact ratio as a new screening criterion for stocks with a market capitalization above IDR 10 tn. The new metric assesses the relationship between share price movements and trading velocity to identify stocks with potential ownership concentration. As a result, the HSC watchlist expanded by 37 stocks, bringing the total number of monitored stocks to 51 as part of the exchange's ongoing capital market reform efforts. (Bisnis.com)

Amman Mineral Internasional (AMMN) Denied Hong Kong Dual Listing Plan
AMMN denied reports that the co. is pursuing a dual listing on the Hong Kong Stock Exchange, stating it has no plans to seek a secondary listing outside the Indonesia Stock Exchange (IDX). The clarification followed a Bloomberg News report that AMMN was exploring a potential Hong Kong listing and had begun discussions with investment banks, although details on the fundraising size and timeline were still under consideration. (Bloomberg Technoz)