TGIF Monthly Wrap: July 2026
- ICMSS
- 3 days ago
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Danantara Merges 7 Logistics Firms, Apple Invests US$30 B in Broadcom, S&P Affirms Indonesia’s Rating, Microsoft Expands Mistral AI Deal, Perry Warjiyo Resigns as BI Governor
By Amirah Najwa Ardanti, Ghina Olivia Arifardhani, Jonathan Arie Pramoedya, Matthew Moreno Katoroy
July 31st, 2026 at 16:30 GMT+7
Signing of Shareholder Agreement and Deed of Merger | Source: Kompas
Danantara has finalized the merger of seven state-owned logistics firms, marked by the signing of a Shareholders Agreement and Deed of Merger on Tuesday (06/30). The consolidation was driven by the need to streamline firms that had previously operated separately, expand their scale of operations, and eliminate service overlaps. The integration of resources across the companies is expected to create a larger operational scale, improve operational efficiency, and reduce duplicated functions and costs. The deal is an important milestone in the realization of the National State-Owned Logistics Consolidation initiated by DAM.
Broadcom Logo | Source: Quartr
Apple and Broadcom announced a multiyear agreement valued at more than US$30 billion. This agreement also includes a US$1.5 billion investment to expand and modernize Broadcom's manufacturing facility in Fort Collins, Colorado. This action was taken to increase capacity, upgrade equipment, and support more advanced semiconductor manufacturing. The agreement also strengthened the strategic positions of both companies beyond manufacturing expansion. Apple’s outgoing CEO, Tim Cook, described the partnership as Apple’s largest commitment under the AMP and a key part of Apple’s US$600 billion investment plan in the US over the next four years.
S&P Global Headquarters | Source: Kontan
S&P Global Ratings maintains Indonesia's long-term credit rating at BBB with a stable outlook and its short-term sovereign credit rating at A-2. The recent economic downturn is considered temporary due to external pressures, especially the increase in global energy prices and the depreciation of rupiah. S&P anticipates that conditions will improve gradually, supported by high commodity prices, greater government spending efficiency, and reforms in natural resource management. However, the sovereign rating could be lowered if net government debt continues to swell, the fiscal deficit exceeds 3% of GDP, interest expenses surpass 15% of government revenue, or exports weaken structurally.
Microsoft and Mistral expand strategic partnership to give enterprise and regulated industries frontier AI | Source: Microsoft
Microsoft and Mistral have expanded their strategic partnership to strengthen AI infrastructure and accelerate enterprise AI adoption across Europe. The agreement enables Mistral’s frontier AI models to become more accessible through Microsoft’s cloud ecosystem, allowing businesses and regulated industries to deploy advanced AI solutions more efficiently. The collaboration also supports secure and scalable AI development by leveraging Microsoft Azure’s infrastructure and global network. Under the partnership, both companies aim to expand AI access, support innovation, and enable enterprises and regulated industries to deploy AI solutions securely and compliantly.
Perry Warjiyo Resigns as Bank Indonesia Governor | Source: Kontan
Perry Warjiyo Resigns as Bank Indonesia Governor
Bank Indonesia Governor Perry Warjiyo’s resignation on Sunday (07/26), citing personal reasons, briefly rattled markets, with the JCI falling 0.5% and the rupiah weakening past Rp18,000 per US dollar. President Prabowo Subianto accepted the resignation and appointed Senior Deputy Governor Destry Damayanti as acting governor pursuant to Bank Indonesia law, with Destry affirming that monetary policy and rupiah stabilization remain unchanged. Economists and foreign media pointed out that the process of selecting a new governor will be closely monitored, with the outcome viewed as a benchmark of Bank Indonesia's independence and its ability to sustain investors' confidence.
Sources:
Apple
BCA Sekuritas
CNBC
CNN
IDNFinancials
Kompas
Microsoft
Reuters
Wall Street Journal
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