Indonesia Resumes 10 Kg Rice Aid for 18.3 Mn Families in June–July 2025

Indonesia Resumes 10 Kg Rice Aid for 18.3 Mn Families in June–July 2025 
The Indonesian Govt. confirmed that the 10 kg rice social aid program will resume in June and July 2025 after being paused earlier this year. The aid targets 18.3 mn beneficiary families and the Govt. will also provide IDR 200,000/month in food assistance via the Kartu Sembako to the same 18.3 mn families as part of broader food security measures. (CNBC)

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BCAS: SILO IJ - 1Q25 Earnings: In line with Ours, Below Cons

• 1Q25 Core Profit recorded at IDR246bn (-8.5% QoQ; -23.7%% YoY), in line with ours/below cons at 23.3%/17.4%. Profitability margin decreased with increased cost of drugs and medical supplies, as well as salaries and interest expense. 
• 1Q25 revenue recorded flattish at IDR3.0tn (-0.1% QoQ; +0.3% YoY). Negative growth observed for IP adm by -9.2%, while OP visit was flat. Occupancy Rate decreased to 62.4% (vs. 69.8% in 1Q24). 1Q25 top-line performance was stable compared to 1Q24, impacted by seasonality and a stronger base in the prior year. Patient volumes declined due to the festive season and absence of disease seasonality in 1Q25. The trends are similar across the sector. More information to follow post earnings call today