Indonesian Political, Business & Finance News

Search and explore over 332,294 Indonesian news articles from 1994 to 2026

Latest Articles

Leak on Bali Water Taxi Project: Airport to Canggu Feels Within Reach

The Indonesian government is advancing a water taxi service in Bali to alleviate traffic congestion between Ngurah Rai Airport and the popular Canggu area, potentially reducing travel time from two hours by road to just 30 minutes. Led by ASDP and PT Angkasa Pura Indonesia, with support from the Ministry of Transportation, the project has completed a feasibility study identifying the Sekeh to Berawa route as a priority, focusing on safety, infrastructure readiness, and integration with tourism. This initiative aims to create a more efficient, safe, and sustainable transport system in Bali's key tourist hub, with detailed engineering and permitting targeted for completion by 2026.

Global Oil Prices Surge Again After Iran Reimposes Closure of Strait of Hormuz

Global oil prices have skyrocketed following Iran's decision to reclose the Strait of Hormuz on 18 April 2026, in response to perceived violations of a ceasefire by the United States, which continued blockading Iranian ports and seizing vessels. Brent crude rose by 6.76% to US$96.49 per barrel, while West Texas Intermediate climbed 7.79% to US$90.38 per barrel, highlighting ongoing market volatility driven by geopolitical tensions rather than on-the-ground realities. Analysts warn that shipowners will remain cautious about transiting the strait without firm assurances of safe passage, despite over 20 vessels carrying oil and other cargoes passing through on the day of closure.

Enhancing User Experience, GoPay Forges Strategic Partnership with SCash Global

GoPay, a leading financial application in Indonesia, has entered into a strategic partnership with SCash Global Pte. Ltd. to integrate various consumer apps, such as 'Sholat & Quran', directly into its platform, aiming to simplify daily financial and service needs for users. This collaboration, supported by SCash Global's technical expertise in mini-app activation and system optimisation, is expected to boost user engagement and foster sustainable growth within GoPay's ecosystem. Executives from both companies highlighted the partnership as a key milestone for enhancing accessibility and reliability in digital financial services.

Antam Gold Plummets Rp44,000 on Monday to Rp2.84 Million per Gram

Antam gold prices fell by Rp44,000 to Rp2.84 million per gram on Monday morning, with the buyback price also dropping to Rp2.64 million per gram, as monitored on the Logam Mulia website in Jakarta. The article details prices for various denominations ranging from 0.5 grams to 1 kilogram and outlines tax implications under PMK No. 34/PMK.10/2017, including 0.45% PPh 22 for NPWP holders on purchases and 1.5% on buybacks exceeding Rp10 million. This fluctuation highlights the volatility in the precious metals market, influencing investor decisions in Indonesia's financial landscape.

HNW: Pancasila Proven to Enable Indonesia to Face Domestic and Global Crises

Deputy Speaker of the MPR, Hidayat Nur Wahid, has emphasised that Pancasila, Indonesia's state ideology, has proven instrumental in helping the nation withstand various domestic and global crises, including potential threats from the US-Israel conflict with Iran. He attributes Indonesia's unity and resilience to the collective agreement on Pancasila among diverse ethnic, religious, and cultural groups, preventing the fragmentation seen in nations like the Soviet Union and Yugoslavia. HNW calls on all Indonesians to uphold Pancasila by applying its principles in daily life and policies to ensure continued national stability.

Minister of Manpower: National Vocational Training Prepares Graduates for the Workforce

Indonesia's Minister of Manpower, Yassierli, has outlined the National Vocational Training Programme for 2026, aimed at equipping graduates with industry-relevant skills to enhance their employability. The initiative, targeting 70,000 participants funded by the state budget and prioritising high school graduates, will be rolled out across 21 training centres and other facilities, offering free training, meals, transport support, and certifications. This programme underscores the government's commitment to bridging the skills gap and boosting workforce productivity in line with industrial demands.

FLPP Subsidised Housing Stock Still at 300,000 Units, Buy Before They're Gone

The Indonesian government has allocated 350,000 units of subsidised housing under the FLPP programme for low-income earners in 2026, with only 14.29% absorbed so far, leaving approximately 300,000 units available nationwide. The application process has been streamlined through the new Tapera Mobile app, which integrates previous systems for easier access to property searches, KPR applications, and status tracking. This initiative aims to facilitate homeownership for the MBR segment, encouraging prompt action before stocks deplete.

Hundreds of Islamic Boarding School Students in Demak Suspected of MBG Poisoning, SPPG Site Cordoned Off by Police

Hundreds of students at Islamic boarding schools in Demak, Central Java, are suspected to have been poisoned by the Free Nutritious Meal (MBG) programme, leading to the temporary suspension of operations at the Nutrition Fulfilment Service Unit (SPPG) in Pilangwetan village and the erection of police tape around the site. Health officials treated symptoms such as nausea, vomiting, and dizziness, with around 187 individuals affected, including pregnant women, breastfeeding mothers, and toddlers, and some referred to nearby hospitals. This incident highlights potential safety issues in the government's flagship MBG initiative aimed at improving nutrition among vulnerable groups.

IHSG Lags Behind! Here Are the Top 10 Most Profitable Stocks in 2026, Led by Halim Jusuf's Company

Despite the Composite Stock Price Index (IHSG) declining by 11.71% year-to-date, several Indonesian stocks have significantly outperformed the benchmark, with PT Astrindo Nusantara Infrastruktur Tbk (BIPI), owned by Halim Jusuf's consortium, leading with a 223.26% surge in just 3.5 months as of 17 April 2026. Other top performers include PT MNC Digital Entertainment Tbk (MSIN) up 121.43%, PT Bakrie and Brothers Tbk (BNBR) rising 73.23%, and various stocks from banking, coal, and mining sectors owned by prominent conglomerates like Chairul Tanjung, Garibaldi Thohir, and Grup Saratoga. This highlights pockets of resilience in energy, mining, and financial sectors amid broader market pressures, offering insights for investors seeking high returns in Indonesia's volatile stock market.

Pasar Minggu Through Road: A Stalled Project Under Eight Jakarta Governors

The Pasar Minggu through road project in South Jakarta, intended to provide a vital bypass along the railway tracks, has remained unfinished for over a decade despite spanning the tenures of multiple Jakarta governors from Ahok to the current Pramono Anung. Initiated with demolitions near Pertigaan Volvo, the two-kilometre road has seen minimal progress, with ongoing excavations for pipe installation but no advancement on the main construction, leaving parts of the route obstructed by unacquired buildings and housing. This delay exacerbates chronic traffic congestion at the intersection, particularly for commuters heading to Depok, highlighting governmental inefficiencies in completing essential urban infrastructure projects.

Diesel and RON 98 Petrol Prices Surge Mid-April

Fuel prices for non-subsidised diesel and RON 98 petrol have risen sharply at Pertamina and bp stations in Indonesia, triggered by the outbreak of war between the United States-Israel and Iran. Pertamina has increased prices for Pertamax Turbo by 48% to Rp19,400 per litre and Dexlite by 66% to Rp23,600 per litre, while bp's Ultimate Diesel now costs Rp25,560 per litre, up from Rp14,620. Shell and Vivo stations have yet to announce adjustments but are facing diesel shortages, highlighting the immediate economic pressures on consumers and businesses amid global tensions.

Price of Pertamax Turbo Rises, Consumer Forum Warns of Surge in Demand for Subsidised Fuel

The price of Pertamax Turbo has increased by Rp 6,300 to Rp 19,400 per litre, alongside rises for Dexlite and Pertamina Dex, prompting consumer advocate Tulus Abadi to urge Pertamina to boost supplies of non-subsidised fuels to prevent shortages amid potential shifts in consumer behaviour due to geopolitical tensions in the Middle East. While subsidised fuels like Pertalite remain stable at Rp 10,000 per litre, Abadi warns that significant economic impacts could arise if their prices follow suit, especially if government fiscal capacity weakens by the end of 2026. He advises the public to conserve fuel through measures like using public transport or working from home.

Pigai Suspects Reporting of Feri-Ubedilah Aimed at Cornering Prabowo Government

Human Rights Minister Natalius Pigai has expressed suspicion that the police reports against civilians Feri Amsari and Ubedilah Badrun, who criticised government policies, are part of a deliberate scheme by irresponsible parties to undermine the Prabowo Subianto administration. He argues that such actions aim to downgrade the government during a period of strong democratic surplus, emphasising that the criticisms fall within legal bounds protected by the constitution as free speech rights. Pigai stresses that only incitement to treason, ad hominem attacks, or SARA-related assaults would warrant criminalisation, highlighting the importance of safeguarding legitimate dissent in Indonesia's democracy.

Floods Up to 1.75 Metres Submerge Kebon Pala, Residents Begin Evacuating

Severe flooding reaching 1.75 metres has inundated the Kebon Pala area in East Jakarta's Kampung Melayu, prompting the declaration of alert level 2 and the evacuation of around five families to relatives' homes. The deluge, triggered by heavy overnight rain and upstream water inflows from Katulampa and Depok, highlights the recurring vulnerability of the region to intense rainfall patterns that prevent optimal drainage. While police assist in evacuations, the Jakarta Disaster Mitigation Agency has issued early warnings for potential tidal flooding in northern coastal areas from 17 to 23 April 2026, urging residents to monitor official channels and contact emergency services if needed.

PSI Strikes Back at JK's Claims About Jokowi, Highlights Anies' Defeat in Presidential Election

In a heated exchange, PSI's Deputy Chairman Bestari Barus countered former Vice President Jusuf Kalla's assertion that he was instrumental in making Joko Widodo president, emphasising that electoral victories are determined by the people rather than individual figures. Barus referenced JK's past electoral losses, including pairings with SBY and Wiranto, and Anies' recent defeat, while acknowledging JK's contributions but stressing collective party efforts. The spat arose from JK's frustration over accusations of funding probes into Jokowi's diploma and narratives questioning his gratitude towards the former president, with his spokesperson clarifying JK's pivotal role in Jokowi's early political ascent via PDIP leader Megawati.

Higher than Pertamina, BP Sells Diesel Fuel at Rp25,560/Litre

BP-AKR has raised the price of its BP Ultimate Diesel to Rp25,560 per litre, an increase of Rp10,940, surpassing Pertamina's adjustments to its non-subsidised diesel products which now range from Rp23,600 to Rp23,900 per litre. While Pertamina's premium petrol Pertamax Turbo also saw a hike to Rp19,400 per litre, subsidised fuels and some other variants remain unchanged. This adjustment aligns with the Ministry of Energy and Mineral Resources' formula for non-subsidised fuel pricing, reflecting broader market dynamics in Indonesia's energy sector.

JCI Strengthens at the Start of the Week Amid "Wait and See" on BI Interest Rate Direction

The Jakarta Composite Index (JCI) opened higher on Monday, gaining 0.39% to 7,663.40, as investors adopt a cautious stance ahead of Bank Indonesia's interest rate decision. Analysts anticipate BI will maintain rates at 4.75% to ensure exchange rate stability and controlled inflation, while global geopolitical tensions and key economic data from China and the US could influence market volatility. The market remains in a consolidation phase with potential resistance at 7,773 and support at 7,308, highlighting the significance of upcoming monetary policy signals for Indonesia's financial landscape.

Monday morning red cayenne chilli price Rp78,850/kg, chicken eggs Rp35,900/kg

The National Strategic Food Price Information Centre (PIHPS), managed by Bank Indonesia, reported that on Monday morning at 09:55 WIB, red cayenne chilli prices reached Rp78,850 per kg, while chicken eggs were priced at Rp35,900 per kg. Other key commodities included shallots at Rp53,900 per kg, garlic at Rp43,050 per kg, and various grades of rice ranging from Rp16,050 to Rp17,750 per kg. This data highlights ongoing fluctuations in essential food prices at the national retail level, which are crucial for monitoring inflation and consumer affordability in Indonesia.

Downloading 86 Million Songs from Spotify, Ordered to Pay Rp 5.5 Trillion

Spotify has won a lawsuit against the open-source library platform and pirate activist group Anna's Archive, which released 86 million music files to the public, resulting in an order for the hackers to pay a total of US$322 million (Rp 5.5 trillion). The group, which claimed the action was to create a 'preservation archive' distributed via BitTorrent, failed to respond to the lawsuit filed by Spotify alongside major record labels Universal Music Group, Warner Music Group, and Sony Music. The court also mandated the destruction of all copies of the stolen music and instructed internet service providers to block the site, though enforcement may prove challenging due to the mysterious nature of the entity behind Anna's Archive.

Rupiah strengthens as government raises prices of non-subsidised fuels

The rupiah appreciated by 0.20% to Rp17,155 per US dollar on Monday morning, driven by the government's decision to increase prices of non-subsidised fuels, which is expected to alleviate pressure on the state budget. Pertamina raised prices for Pertamax Turbo, Dexlite, and Pertamina Dex effective from 18 April, with adjustments in line with the Ministry of Energy and Mineral Resources' formula. Despite this positive factor, uncertainties surrounding the Strait of Hormuz and upcoming US-Iran negotiations, along with Bank Indonesia's potential interest rate decision, may influence investor sentiment.

Archive Statistics

332,294
Total Articles
1012
News Sources
1994-2026
Coverage Period