JCI Plummets and Free Nutritious Meals Budget Slashed: 5 Economic Events That Dominated the Week

The movement of the Indonesian economy throughout the past week, specifically from 22 to 27 June 2026, was filled with various important developments that captured the attention of business actors, investors, and the wider public. Pressure in the financial markets, the government’s fiscal policy, and the national strategic agenda were the main highlights in this week’s economic dynamics.

Starting from the plunge of the Jakarta Composite Index (JCI) accompanied by a heavy outflow of foreign capital, a liquidity injection of hundreds of trillions of rupiah into state-owned banks, a budget adjustment for the Free Nutritious Meals (MBG) programme, plans to issue Panda Bonds, to entering the crucial stage of the 2026 Economic Census implementation, these events coloured the national economy.

Here are the five most interesting economic developments of the week.

JCI Under Pressure, Foreign Investors Sell Off Rp3.43 Trillion in Shares

The Indonesian capital market experienced considerable pressure during the last week of June 2026. The Jakarta Composite Index (JCI) corrected by up to 4.55 percent, falling to a level of 5,896.13, thereby leaving the psychological level of 6,000.

This pressure was triggered by the weakening of a number of large-capitalisation shares, especially in the banking and energy sectors. Shares of PT Bank Mandiri Tbk (BMRI) were recorded as weakening by 7.42 percent, while PT Bumi Resources Minerals Tbk (BRMS) corrected by up to 24.55 percent. Shares of PT Bank Central Asia Tbk (BBCA) also experienced pressure.

At the same time, foreign investors recorded a net sell of Rp3.43 trillion throughout the week. This value soared significantly compared to the previous week’s figure of Rp904.07 billion.

The wave of selling also trimmed the market capitalisation of the Indonesia Stock Exchange (BEI) by 4.51 percent, from Rp10,788 trillion to Rp10,302 trillion.

On the other hand, global index provider MSCI acknowledged the capital market transparency reform steps taken by the Financial Services Authority (OJK), the Indonesia Stock Exchange (BEI), and the Indonesian Central Securities Depository (KSEI). This reform will continue to be monitored until November 2026.

Government Injects Rp400 Trillion Liquidity into Himbara Banks

Amid tightening banking liquidity conditions, the government took an intervention step by placing Excess Budget Balance (SAL) funds amounting to Rp400 trillion into member banks of the Association of State-Owned Banks (Himbara).