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Sat, 02 May 2026, 12:25 WIB
Learn Finance for Free with the Finance Minister at the Jogja Financial Festival – Come on, Register!
The Jogja Financial Festival, a major financial event in Indonesia, will take place from 22 to 24 May 2026 at the Jogja Expo Center, bringing together policymakers, regulators, industry players, academics, and the public to boost financial literacy, particularly among young people. Featuring prominent figures such as former Finance Minister Sri Mulyani Indrawati (noted in context), Bank Indonesia Governor Perry Warjiyo, and entrepreneur Chairul Tanjung, the three-day event includes business talks, educational classes, and entertaining activities like runs, stand-up comedy, and music performances. Following successful editions in Surabaya and Medan that attracted over 10,000 visitors, this free and open-to-all festival aims to make finance more accessible and engaging for everyday Indonesians.
Sat, 02 May 2026, 12:22 WIB
BP Indonesia Raises Price of Ultimate Diesel, Exceeding Rp 30,890 per Litre
BP Indonesia has increased the price of its Ultimate Diesel fuel to Rp 30,890 per litre effective 2 May 2026, marking a significant adjustment following no change on 1 May. While prices for BP 92 and BP Ultimate petrol remain unchanged at Rp 12,390 and Rp 12,930 per litre respectively, this hike aligns with earlier adjustments by state-owned Pertamina on non-subsidised diesel products. The move reflects ongoing volatility in fuel pricing amid broader energy market dynamics in Indonesia.
Sat, 02 May 2026, 12:20 WIB
Association Reveals Impact of 8 Percent Ride-Hailing Fee Split
The Indonesian Digital Mobility and Delivery Industry Association (MODANTARA) has warned that the government's plan to cap platform fees for ride-hailing and delivery services at 8 percent could severely disrupt the digital economy ecosystem, potentially slashing operational margins by up to 60 percent and deterring investments. This policy, announced by President Prabowo Subianto, aims to boost driver earnings to at least 92 percent of revenue while providing work protections, but critics argue it overlooks complex operational costs and could reduce service quality and job opportunities without comprehensive industry consultation. Globally, such fees average 15-30 percent, making Indonesia's cap potentially the lowest and risking reduced innovation and competition in the sector.
Sat, 02 May 2026, 12:20 WIB
Award for Outstanding Regional Governments 2026 to Be Divided into Three Batches
The Indonesian Ministry of Home Affairs plans to hold the 2026 Outstanding Regional Government Appreciation programme in three batches, starting with assessments on unemployment reduction, poverty alleviation, stunting control, inflation management, and creative financing from February to May. A total of Rp1 trillion in fiscal incentives will be allocated, with Rp320 billion for 144 winning local governments across regions like Sumatra, Kalimantan, and Papua, aiming to motivate better performance through rewards rather than directives. This initiative, led by Minister Tito Karnavian, seeks to fairly evaluate diverse localities and provide tangible resources to enhance public services and legitimacy for regional leaders.
Sat, 02 May 2026, 12:18 WIB
DPR Member Urges Ministry of Transportation to Revise Regulations After Ojol Commission Cuts
A member of the Indonesian House of Representatives' Commission V has called on the Ministry of Transportation to promptly revise ministerial regulations following President Prabowo Subianto's commitment to reduce online motorcycle taxi (ojol) platform commissions below 10 per cent. This push comes after Prabowo publicly rejected the current 20 per cent commission rate during a May Day speech in 2026, addressing long-standing grievances from drivers. The move highlights parliamentary efforts to regulate platform policies and alleviate the financial burden on ojol drivers.
Sat, 02 May 2026, 12:14 WIB
Four Main Dimensions of Assessment for the 2026 Outstanding Regional Government Appreciation
The Ministry of Home Affairs has introduced a strategic policy for 2026 to recognise outstanding regional government performance through a comprehensive evaluation framework aimed at enhancing governance based on outcomes and impacts for communities. The assessment is structured around four key dimensions: reducing unemployment, tackling poverty and stunting, controlling inflation, and promoting creative financing and entrepreneurial governance, each with specific indicators and weights coordinated by different directorates. This initiative, divided into six regional areas to ensure fairness and contextual relevance, seeks to foster a collaborative learning ecosystem among local governments rather than mere competition.
Sat, 02 May 2026, 12:13 WIB
Quiet Appointment of the Director General of Water Resources at the Ministry of Public Works, Retired Major General Arnold
The appointment of retired Major General Arnold Aristoteles as the Director General of Water Resources at Indonesia's Ministry of Public Works has drawn public attention due to its unusually discreet nature, held on a national holiday without media access or prior announcement. This follows a presidential decree replacing the previous director who resigned in February 2026, amid earlier speculation about military personnel filling the role, which was initially denied by the minister. Arnold, a seasoned army engineer with a distinguished military career, brings expertise in technical and territorial leadership to the position, coinciding with another high-level appointment in the ministry.
Sat, 02 May 2026, 12:10 WIB
How to Check if Your ID Card is Being Used for Online Loans
Rising cases of personal data misuse in Indonesia, particularly the unauthorised use of ID numbers for online loans, are prompting authorities to urge citizens to monitor their financial records. The Financial Services Authority (OJK) provides access to the Financial Information Service System (SLIK) for individuals to check their credit history online via the iDebku platform or offline at OJK offices, helping detect fraudulent loans early. This initiative is crucial for protecting consumers from unexpected debts and enhancing data security in the digital lending sector.
Sat, 02 May 2026, 12:09 WIB
Supporting the 100 GW Target, TMAI Strengthens National Solar Industry Sovereignty
PT Trina Mas Agra Indonesia (TMAI) is bolstering Indonesia's solar energy sector with its integrated manufacturing facility in Kendal, producing solar cells and modules at a combined capacity of 2 GW using advanced TOP-CON technology, aligning with the government's ambitious 100 GW solar power target. This USD 100 million investment promotes downstream industrialisation, achieving up to 60% local content and reducing reliance on global supply chains amid decarbonisation trends and electric vehicle growth. By shortening logistics and ensuring equitable energy access nationwide, TMAI positions Indonesia as a key player in Southeast Asia's green energy supply chain through public-private partnerships.
Sat, 02 May 2026, 12:08 WIB
Metro Police Release 101 People Detained During Labour Demo at DPR
Jakarta's Metro Police have released 101 individuals detained on suspicion of planning to incite unrest during the May Day labour demonstration outside the DPR/MPR building. The suspects, mostly from outside Jakarta, were returned to their families with assistance from LBH Jakarta after intensive questioning, while police continue to investigate seized items including materials for Molotov cocktails, slingshots, and documents outlining a potential riot scenario. This incident underscores ongoing tensions between security forces and labour movements, highlighting efforts to prevent violence amid protests against government policies.
Sat, 02 May 2026, 12:07 WIB
Women Dominate SMEs, Key to Success Lies in Financial Planning
Women comprise 64.5 per cent of SME actors in Indonesia, making them a primary driver of the national economy, which consists of 99 per cent SMEs. An event attended by around 360 participants, over 80 per cent of whom were women, highlighted strategies for business development, risk management, cash flow handling, and maintaining stability amid market changes. Experts emphasised that robust financial planning is crucial for business sustainability, particularly in the first three to five years when many enterprises face significant challenges leading to failure.
Sat, 02 May 2026, 12:02 WIB
President Views MBG with Conscience: Beneficial or Not?
During the 2026 May Day commemoration, President Prabowo Subianto asked workers at Monas Square if the Free Nutritious Meals (MBG) programme was beneficial, receiving a predominantly negative response despite prior promises on labour issues. This reaction serves as an early indicator for qualitatively evaluating and refining the MBG programme to make it more economical, efficient, and effective, while safeguarding the President's authority against future scrutiny. Critics urge a conscientious review to ensure accountable use of public funds, preventing potential political and legal pitfalls and fostering mature, just policies through deliberative democracy.
Sat, 02 May 2026, 12:02 WIB
Tyre Burst Incident on Jagorawi Toll Road: Jasa Marga Ready to Process Claims
PT Jasa Marga (Persero) Tbk has identified and repaired at least eight points of road damage on the Jagorawi Toll Road between KM 17 and KM 22, following multiple tyre bursts affecting vehicles on 30 April 2026. The company attributes the issue partly to high rainfall intensity and is monitoring the repairs to prevent recurrence while committing to process insurance claims from affected users. This incident underscores the challenges of maintaining toll road infrastructure amid adverse weather conditions in Indonesia.
Sat, 02 May 2026, 12:02 WIB
Bank Neo Commerce's Net Profit Increases, CAR Also Boosted
PT Bank Neo Commerce Tbk reported a net profit of Rp136.98 billion for the first quarter of 2026, continuing its positive performance trend from the previous year, while its Capital Adequacy Ratio (CAR) rose significantly to 50.60% from 35.81% a year earlier, driven by the profit growth. Despite contractions in third-party funds and lending, the bank saw an increase in low-cost savings deposits and maintained a low net Non-Performing Loan ratio of 0.43%, reflecting prudent risk management. This strong capital position and liquidity enable the bank to pursue cautious expansion in digital retail lending amid economic uncertainties.
Sat, 02 May 2026, 12:02 WIB
Gold Prices Today, Saturday 2 May 2026: Antam Products Decline
Gold prices for PT Aneka Tambang Tbk (Antam) products fell by Rp 3,000 per gram to Rp 2,796,000 on Saturday, 2 May 2026, while the buyback price was set at Rp 2,586,000 per gram. Prices for various sizes range from Rp 1.448 million for 0.5 grams to Rp 2.7366 billion for 1,000 grams, excluding taxes. Transactions are subject to withholding tax of 1.5% for NPWP holders and 3% for non-holders on buybacks over Rp 10 million, as per PMK No. 34/PMK.10/2017, reflecting ongoing fluctuations in the precious metals market.
Sat, 02 May 2026, 12:00 WIB
Video: Rental Forklift Strategies to Chase Rp 100 Billion Profit Amid War
PT Sarana Mitra Luas Tbk (SMIL), a forklift rental company, is navigating global geopolitical turbulence, including currency weakening, supply chain disruptions, and rising raw material and energy costs, which are increasing operational burdens. Despite these challenges, steady demand from manufacturing sectors like FMCG and paper factories is expected to sustain business performance. SMIL targets 10-20% growth in 2026, aiming for Rp 500 billion in sales and Rp 100 billion in profit, as discussed by Director Winston Suhermin in a CNBC Indonesia interview.
Sat, 02 May 2026, 11:54 WIB
Higher Education Minister States Irrelevant Programmes Will Be Developed, Not Closed
Indonesia's Minister of Higher Education, Science, and Technology, Brian Yuliarto, has clarified that university programmes deemed irrelevant to future needs will not be shut down but instead developed through ongoing evaluations and updates to align with advancements in science and technology. Citing examples such as integrating Internet of Things (IoT) and quantum computing into electrical engineering curricula, the minister emphasised a commitment to continuous improvement. This approach follows earlier statements from the ministry's secretary general about potentially closing programmes to enhance relevance, based on studies from the Higher Education Cares for Population programme.
Sat, 02 May 2026, 11:51 WIB
Vehicle Sales in Lampung Rise 21 Percent, Strengthening Purchasing Power of the Community
Vehicle sales in Lampung Province surged by 21 percent in the first quarter of 2026 compared to the previous year, with units sold increasing from 32,858 to 39,817 and total transaction value reaching approximately Rp2.5 trillion. This growth, encompassing both two-wheeled and four-wheeled vehicles, signals improving consumer purchasing power and financial capability among residents, bolstered by easier access to financing and economic confidence. The Head of the Regional Revenue Agency highlighted the broader economic benefits, including stimulation of sectors like financing, insurance, and automotive trade, while contributing to increased local tax revenues.
Sat, 02 May 2026, 11:45 WIB
Puan Wants PHK Task Force to Anticipate Potential Layoff Waves
Indonesian House of Representatives Speaker Puan Maharani has urged the government's Layoff Task Force (Satgas PHK) to proactively detect and mitigate pressures in the labour sector to prevent large-scale job losses. She highlighted that labour groups estimate around 9,000 workers could be affected soon, serving as a warning for maintaining employment stability. Puan emphasised the need for social safety nets, as layoffs impact not only individuals but also consumer spending and overall economic stability, with the DPR committed to overseeing government policies in this area.
Sat, 02 May 2026, 11:45 WIB
List of Indonesia's 10 Richest People as of May 2026
Forbes' latest billionaire list for May 2026 reveals shifts in Indonesia's wealth landscape, with Prajogo Pangestu retaining the top spot at US$20.9 billion despite stock corrections in his petrochemical and energy ventures. Other prominent figures like Low Tuck Kwong in coal and the Hartono brothers in banking and tobacco maintain strong positions, reflecting the influence of global commodity prices and market dynamics on their fortunes. This ranking underscores the dominance of established conglomerates in key sectors amid economic fluctuations.
Archive Statistics
348,714
Total Articles
1012
News Sources
1994-2026
Coverage Period