TGIF Monthly Wrap: September 2026
Grab to Acquire Superbank, Qualcomm and Amazon Announce AI Chip Deal, Spacex to Acquire Cursor, P2SK Law Enables IDX Ownership.
By Attala Sabian Andhika, Maria Ella Risandra Puruhita, Nashwah Putri Az-Zahra
September 25 2026, at 16:30 GMT+7
PT VKTR Teknologi Mobilitas Tbk (VKTR), together with Danantara Indonesia through PT Danantara Investment Management (DIM) and PT Bakrie & Brothers Tbk (BNBR), signed an Indicative Term Sheet. | Source: tvonenews
VKTR could receive up to Rp2 trillion from DIM, after signing a non-binding term sheet, with BNBR as guarantor. Funds would mainly finance electric buses and trucks for VKTR's mobility-as-a-service expansion, with DIM potentially gaining shareholder status via conversion rights. The deal remains preliminary, pending definitive agreements. Separately, BNBR subsidiary PT Bakrie Metal Industries acquired 3 billion VKTR shares at Rp100 each, nearly 90% below the Rp915 market price, raising its stake to 21.06%. BNBR remains the controlling shareholder at 24.41%, with the public holding 61.23%.
Qualcomm and Amazon Secure Major AI Chip Partnership | Source: Qualcomm
Qualcomm and Amazon announced a multi-generational collaboration to develop custom silicon for large-scale AI data centers, initially targeting AI inference workloads. The partnership will use Qualcomm’s Oryon CPU and AI accelerators, alongside optical connectivity supporting speeds of up to 1.6T. The agreement could generate up to US$60 billion in revenue for Qualcomm, while Amazon initially committed US$604.7 million to Qualcomm shares. Qualcomm’s stock increased more than 3% following the announcement, supporting its expansion into AI data centers as it targets US$5 billion in data-center revenue by fiscal 2027.
Inauguration of the new Finance Minister Suahasil Nazara | Source: Detik
Indonesia's cabinet reshuffle on (14/09) saw Suahasil Nazara installed as Finance Minister, succeeding Purbaya Yudhi Sadewa who concluded one year in office. Purbaya's departure closely followed a broad internal restructuring of ministry officials that drew institutional resistance, though no official statement was issued by either the ministry or the Presidential Palace. Suahasil, who served as Deputy Minister of Finance across both the Jokowi and Prabowo administrations since 2019, assumed office committing to fiscal deficit maintenance below the 3% threshold, with fiscal credibility and the 2027 State Budget formulation as his foremost immediate priorities.
South Korea Advances First Project Under US$350B Deal with US
Indonesia's revised Financial Sector Development and Strengthening Law (UU P2SK) permits the Ministry of Finance, Bank Indonesia, and Danantara to become shareholders of the Indonesia Stock Exchange (IDX). The revised Law supports the exchange's ongoing demutualization process while reinforcing institutional backing for the country's capital market. The regulation requires IDX to maintain its institutional independence regardless of state ownership, providing a safeguard against potential conflicts of interest. Despite the legal provision, the Ministry of Finance has clarified that it currently has no plans to acquire IDX shares.
Sources:
Barrons
Bloomberg
CNBC
IDNFinancial
Investing.comKompas
New York Times
Qualcomm
Reuters
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