It was not a total surprise. In fact, signs were on the wall. On Tuesday (22/08) the central bank of Indonesia (Bank Indonesia) decided to cut its benchmark BI 7-day (Reverse) Repo Rate by 25 basis points to 4.50 percent at the August 2017 policy meeting. It was the first time since October 2016 that Bank Indonesia altered its key rate. Meanwhile, the deposit facility and lending facility rates were also cut by 25 basis points, to 3.75 percent and 5.25 percent, respectively.

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At the extraordinary general meeting (EGM) shareholders of Bank Mandiri on Monday (21/08) the proposed 1:2 stock split was approved. The stock split will come into effect per September 2017. Bank Mandiri, state-controlled yet listed on the Indonesia Stock Exchange, is one of the largest banks in Indonesia as well as one of the top ten largest companies in terms of market capitalization on the Indonesia Stock Exchange.

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Usually Bank Indonesia ends its two-day Board of Governor's meeting on a Thursday. This August, however, the monthly meeting is planned to end today (Tuesday 22 August 2017). This meeting - expected to be completed in the late afternoon or early evening - is closely watched because some believe Indonesia's central bank is prepared to cut its benchmark interest rate.

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State-owned port and harbor services operator Indonesia Port Corporation (IPC, also known as Pelabuhan Indonesia II or Pelindo II) plans to list its subsidiary Jasa Armada Indonesia on the Indonesia Stock Exchange in December 2017. IPC eyes to generate up to IDR 2.5 trillion (approx. USD $188 million) by selling a 30 percent stake in its unit.

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