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Friday, October 23, 2026English edition
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The Geopolitician

Country risk, from the local press

Indonesia · Country watch

Rupiah Weakens, Gas Export Threat, IPO Pipeline Grows

The rupiah weakens to 18,080 per USD, Indonesia threatens gas export halts, and nine companies await IPOs.

· · 4 sources

The picture Deteriorating How this is judged →

Business conditions in Indonesia are deteriorating as the rupiah weakens further, threatening import costs. Gas export tensions add to trade uncertainties.

Flare-up watch: Calm what this means → — All Indonesia briefings →

In this briefing Indonesia Stock Exchange · Indonesian rupiah · Bahlil Lahadalia · Indonesia

Regulation

Nothing significant reported today.

Disruption

Nothing significant reported today.

Internal tension

Nothing significant reported today.

Safety & health

Nothing significant reported today.

Companies

  • Finance

Nine Companies Await IPOs on IDX

people in a building with lights
Ruben Sukatendel / Unsplash

The Indonesia Stock Exchange (IDX) reports that nine companies are in the pipeline for initial public offerings (IPOs) as of October 2026, according to ANTARA News. This indicates a steady interest in public listings despite recent market volatility. The companies span various sectors, reflecting a diverse interest in tapping into public capital markets.

Impact Investors and financial advisors gain opportunities to engage with new public offerings across sectors.

Sources: ANTARA News ↗

Markets

  • Finance

Rupiah Weakens to 18,080 per USD

The Indonesian rupiah weakened to 18,080 per USD on Friday, down 20 points or 0.11%, according to ANTARA News. The decline is attributed to improved U.S. initial jobless claims data, which strengthened the dollar. This marks a continued weakening trend for the rupiah, which has faced pressure from global economic factors.

Impact Importers and companies with dollar-denominated costs face higher expenses as the rupiah weakens.

Sources: ANTARA News ↗, okezone.com ↗

Trade

  • Energy

Bahlil Threatens Gas Export Halts

Indonesia's Minister of Investment, Bahlil Lahadalia, has threatened to halt gas exports to countries that do not respect Indonesia, according to okezone.com. This statement comes amid ongoing discussions about Indonesia's role in the global energy market and its efforts to leverage its natural resources for better trade terms.

Impact Gas importers from Indonesia face potential supply disruptions if export halts are enacted.

Sources: okezone.com ↗

Politics

Nothing significant reported today.

Also today in Indonesia

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

All Indonesia briefings →

The same day elsewhere