Indonesian Political, Business & Finance News

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Indomobil Responds to Electric Motorcycle Conversion Proposal

Indomobil Group has responded to the government's proposal to convert up to 120 million petrol-powered motorcycles to electric ones, stating that while conversion supports energy transition goals, it may not be as optimal as purpose-built electric vehicles due to design limitations. Director Andrew Nasuri highlighted historical challenges with early converted electric cars and stressed the need for careful planning in technical specifications and responsibilities. The initiative aims to accelerate national electric vehicle adoption, reduce fuel consumption, and lower emissions.

Awaiting Results of Police Reform Five Months After Prabowo's Appointment

Five months after its inauguration, the Commission for Accelerating Police Reform (KPRP) has shown no clear progress on its agenda, despite the critical need for police institutional overhaul to uphold democracy and law enforcement in Indonesia. Activists and watchdogs are questioning President Prabowo Subianto's commitment, noting his failure to meet with the commission despite completed recommendations, amid concerns over police abuses like criminalisation, case fabrication, and involvement in business and politics. Public and parliamentary oversight is urged to push for tangible actions, especially with potential authority expansions under the new Criminal Procedure Code.

UAE Exits OPEC and Wall Street Weakens, Asian Stock Markets Follow Suit

The United Arab Emirates is reportedly set to withdraw from OPEC starting 1 May, delivering a significant blow to the oil cartel and potentially disrupting global oil production coordination, particularly in the Middle East. This news, combined with reports of underwhelming revenue growth and user expansion at OpenAI, contributed to a weakening close on Wall Street, with the S&P 500 down 0.49% and Nasdaq Composite falling 0.9%. Asian markets opened mixed, with declines in South Korea and Australia, as investors await key tech earnings and a potentially final Federal Reserve policy meeting under Chair Jerome Powell.

KRL Update Today: Jakarta-Cikarang Route Still Limited to Bekasi Station

The Jakarta-Cikarang KRL service remains restricted to Bekasi Station on Wednesday morning (29/4/2026) due to ongoing track normalisation following a fatal accident on Monday night. The incident, involving a collision between the KRL and the Argo Bromo Anggrek long-distance train after the KRL struck a taxi at a crossing, resulted in 15 deaths and multiple injuries, with all 240 passengers on the long-distance train reported safe. KAI Commuter is providing shuttle buses from Bulak Kapal Terminal to support passenger mobility while repairs ensure safety standards are met.

Pursuing 100% Service Coverage, PAM JAYA Partners with Bin Zayed International

The Jakarta Provincial Government and PAM JAYA are advancing strategic initiatives to ensure sustainable clean water availability by exploring collaboration with Malaysia-based Bin Zayed International, a firm specialising in property, energy, construction, IT, and infrastructure. The partnership, marked by the signing of a non-disclosure agreement, focuses on developing Jakarta's drinking water supply system and reducing non-revenue water losses amid urban density challenges. This move, alongside interests in projects like the Giant Sea Wall and ties with partners from Turkey and Switzerland, aims to bolster Jakarta's infrastructure resilience and position it as a competitive global city.

Can Tap Water Be Drunk? PAM JAYA's Efforts to Promote Water Purifiers in Jakarta

PAM JAYA, Jakarta's regional water company, is introducing water purifiers in public spaces like schools and government offices to make tap water safe for drinking, aiming to shift public reliance from bottled water to purified piped water. This initiative not only enhances water quality through advanced filtration technologies but also promises cost savings, reduced plastic waste, and more sustainable water use amid growing demands in the city. By starting in controlled environments, PAM JAYA seeks to build public trust and transform its role from providing clean water to delivering integrated drinking water solutions.

TikTok Deactivates 1.7 Million Child Accounts, Menkomdigi Urges Other Digital Platforms to Comply with PP Tunas

Indonesia's Minister of Communication and Digital Affairs, Meutya Hafid, has praised TikTok for deactivating 1.7 million child accounts in compliance with Government Regulation No. 17 of 2025 on the Governance of Electronic Systems for Child Protection (PP Tunas), which restricts social media access for children under 16. She urged other digital platforms to promptly report their concrete compliance measures to the ministry to facilitate swift evaluations. This initiative, supported by Ministerial Regulation No. 9 of 2026, initially limits access on eight platforms including YouTube, Facebook, and Instagram, marking a significant step in safeguarding young users online.

Aceh Extends Transition Status for Recovery from 2025 Flash Floods and Landslides

The Aceh government has extended the transitional emergency status towards recovery from the ecological disaster of flash floods and landslides that struck in late November 2025, for a period of 90 days from 28 April to 30 July 2026. This decision aims to accelerate rehabilitation and reconstruction efforts in the affected areas, following the end of the emergency response phase. Priorities include repairing infrastructure such as roads, bridges, and public facilities; building temporary housing; distributing logistics; ensuring social protection; preparing land for permanent residences; and strengthening disaster mitigation measures.

Asian Stock Markets Open Mixed as UAE Exits OPEC and Gloomy AI Outlook Weighs on Markets

Asian-Pacific stock markets opened with mixed results on Wednesday, 29 April 2026, influenced by the United Arab Emirates' (UAE) confirmed exit from OPEC starting 1 May 2026, which delivers a blow to the global oil cartel, and concerns over the underwhelming performance of OpenAI, including revenue and user growth falling short of targets. This negative sentiment from Wall Street, where major indices like the S&P 500 and Nasdaq declined, spilled over to regional markets, with South Korea's Kospi falling 0.39% and Australia's S&P/ASX 200 dropping 0.28%. The developments highlight vulnerabilities in global energy coordination and the tech sector's growth prospects amid anticipation for big tech earnings and Federal Reserve policy outcomes.

Domino Effect of Train Collision in Bekasi: Long-Distance Train Journeys Delayed by Hours and Cancelled

A collision between the Argo Bromo Anggrek long-distance train and a KRL commuter train at Bekasi Barat Station on 27 April 2026 caused widespread disruptions to rail services across Java the following day, with numerous long-distance trains facing delays of up to 227 minutes or outright cancellations. PT Kereta Api Indonesia (KAI) reported 19 cancellations in total, offered full refunds to affected passengers, and attributed the issues to the reduction of the double track to a single track, leading to significant queuing. This incident highlights ongoing vulnerabilities in Indonesia's rail infrastructure, impacting commuters and travellers heading to destinations like Cilacap, Semarang, and Surabaya.

Research: Geopolitical Oil Price Shocks More Damaging to the Economy

A recent study by the Centre for Economic Policy Research (CEPR) reveals that oil price surges triggered by geopolitical conflicts exert greater pressure on the global economy than typical oil price fluctuations. These shocks not only fuel inflation and curb production but also ripple through to elevate prices of natural gas, fertilisers, and food commodities, with a 10% oil price increase leading to a 6.5% rise in overall commodity indices. The findings challenge conventional views by showing no clear winners among importers or exporters, highlighting the broad transmission effects across global supply chains.

Under DPR Scrutiny, Foreign Investors Suddenly Buy These Shares via Negotiation Market

Foreign investors made a massive purchase of shares in PT Abadi Lestari Indonesia Tbk (RLCO) worth approximately Rp330.5 billion through the negotiation market, marking the largest net foreign buy of the day, amid prior scrutiny from DPR legislator Melchias Marcus Mekeng over the stock's extraordinary post-IPO surge from Rp168 to Rp8,700 in under two months. Mekeng raised concerns about potential market manipulation and excessive valuations posing risks to the capital markets and banking sector, urging the OJK to enhance monitoring and enforcement to ensure market integrity and prevent criminal activities. This transaction, an internal crossing at Samuel Sekuritas, signals a significant shift in ownership to foreign hands and reflects ongoing volatility in Indonesia's stock market, potentially influencing international assessments like those from MSCI.

Gold Prices at Galeri 24, UBS, Antam, and Antam Retro Today; Many Decline

Gold prices for various bullion brands sold at Galeri 24 mostly weakened on Wednesday, 29 April 2026, with only Antam showing a slight increase. The price of 1 gram Galeri 24 gold fell to Rp2,802,000 from Rp2,810,000, while UBS dropped to Rp2,840,000 from Rp2,868,000 and Antam Retro to Rp2,880,000 from Rp2,909,000; Antam rose marginally to Rp2,927,000 from Rp2,922,000. This reflects ongoing fluctuations in the precious metals market, influencing investor sentiment in Indonesia's financial landscape.

Sudden Inspection of Green SM Taxi Depot by Ministry of Transportation Uncovers Initial Findings

The Directorate General of Land Transportation under the Ministry of Transportation conducted a surprise inspection at the Green SM taxi depot in Bekasi, West Java, following a train accident at Bekasi Timur Station to ensure compliance with the Public Transport Company Safety Management System (SMK PAU). Initial checks revealed several issues related to vehicle maintenance, driver competency, and operational safety, which will be further investigated at the company's central depot in Jakarta. The inspection, guided by Ministerial Regulation No. 85 of 2018, may lead to recommendations for safety improvements or administrative sanctions, including permit suspensions, in coordination with police and the National Transportation Safety Committee.

Government: Intervention in Whoosh Debt Restructuring for Operational Sustainability

The Indonesian government is preparing interventions to resolve the debt restructuring of the Jakarta-Bandung High-Speed Rail (Whoosh) project, emphasising the need to ensure its long-term operational sustainability due to its positive economic impacts. Officials stress that the financial burden cannot be shouldered solely by the operator, necessitating government involvement to support public transportation initiatives. The restructuring has been administratively approved and awaits official announcement, with details coordinated with the Finance Minister and communicated to China to maintain bilateral relations.

Not a Threat, ALVA Says New Brands Help Educate Electric Motorcycle Market

ALVA, a key player in Indonesia's electric motorcycle sector, views the influx of new brands as a positive development that fosters collective market education rather than competition. CEO Purbaya Pantja emphasised the need to inform consumers beyond urban areas like Jabodetabek about electric vehicles to achieve nationwide electrification. The company is focusing on reliable daily transport options and building a robust charging ecosystem to position electric motorcycles as primary vehicles replacing conventional ones.

Spreading Deep Fakes and Hoaxes, Ministry of Finance Warns This TikTok Account is Fake!

The Ministry of Finance's Information and Documentation Management Team has identified a fake TikTok account, @official.bantuan5, impersonating the General Secretariat and spreading deep fake videos and hoaxes. The ministry urges the public to remain vigilant against such deceptive social media accounts and false news attributed to it, noting a history of similar incidents including WhatsApp scams last year. Citizens are encouraged to report suspected hoaxes or scams related to state finances via the PRIME contact centre at 134, email [email protected], or the "Contact Us" section on www.kemenkeu.go.id, highlighting the increasing frequency of misinformation targeting the ministry.

GoTo Records First-Ever Net Profit, Booking Rp171 Billion in Q1 2026

PT GoTo Gojek Tokopedia Tbk has achieved its first net profit of Rp171 billion in the first quarter of 2026, a reversal from a Rp367 billion loss in the same period last year, driven by a 26% increase in net revenue to Rp5.3 trillion and a 65% surge in core gross transaction value to Rp138 trillion. This milestone reflects disciplined cost management and revenue growth across fintech and on-demand services, with adjusted EBITDA rising 131% to Rp907 billion and free cash flow reaching Rp1.3 trillion. GoTo maintains its full-year adjusted EBITDA target of Rp3.2-3.4 trillion amid global macroeconomic uncertainties, highlighting the company's strengthening position in Indonesia's digital economy.

Since 2005, 504 Regional Heads Arrested for Corruption, Central Java Contributes 41 Cases

The Indonesian Ministry of Home Affairs has revealed that 504 regional heads have been implicated in corruption cases since 2005, with regents accounting for the highest number at 284 cases, followed by mayors and other officials. Central Java has contributed 41 such cases, representing about 8% of the national total, prompting evaluations of election laws to improve leadership selection processes. This underscores ongoing challenges in governance integrity and the need for stronger anti-corruption measures in regional administration.

KA Bathara Forced to Stop in Solo Due to Land Cruiser Parked Too Close to Tracks

A Toyota Land Cruiser parked too close to the railway tracks in Solo forced the KA Bathara Kresna train to halt temporarily on Tuesday afternoon, as reported by the city's Transportation Department head. The vehicle, belonging to a tourist visiting Kampung Batik Kauman, was shifted by a towing team since the owner was not present and the parking attendant was off duty. This incident highlights ongoing challenges in managing parking near critical transport infrastructure to prevent disruptions to rail services.

Archive Statistics

344,484
Total Articles
1012
News Sources
1994-2026
Coverage Period