U.S. Canceled Second Tariff Talks with Indonesia

U.S. Canceled Second Tariff Talks with Indonesia
The U.S. govt. has deemed Indonesia’s additional documents sufficient, canceling the second round of tariff negotiations initially scheduled for this week. In the Apr-25 talks, Indonesia offered to boost imports of U.S. energy and agricultural products, while also committing to cooperation on critical minerals and addressing U.S. business concerns over non-tariff barriers. (CNBC)

Mitra Adiperkasa (MAPI) Took Over GS Supermarket Stores Lease and Assets
MAPI, via subsidiary PT Swalayan Sukses Abadi (SSA), acquired inventory, supporting assets, and lease rights of several GS Supermarket stores after the Korean retailer exited Indonesia on 31 May-25. The deal was finalized through a master agreement with PT GS Retail Indonesia on 30 May-25. Assets will be used to support MAPI’s expansion of its Daily Supermarket business. (Kontan)

Erajaya Swasembada (ERAA) Delayed Store Expansion Amid Weak 1Q25
Erajaya Swasembada (ERAA) cut capex by 8.7% YoY in 1Q25, delaying new store openings to 2H25 due to economic uncertainty. Net profit fell 22% YoY, with sales down nearly 5%. Management expects the Apr-25 launch of iPhone 16 to lift performance in the coming quarters. (CNBC)