Indonesian Political, Business & Finance News

Archive: 29 October 2026

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Lawyer: Asset Forfeiture Bill Aims to Make Corruptors Poor

Lawyer Amin Fahrudin told a House of Representatives hearing that the Asset Forfeiture Bill should send a clear message that corruptors will be stripped of their wealth, while also ensuring asset recovery matches the scale of state losses. He supports non-conviction-based forfeiture when grounded in criminal proceedings, but warned that clear measures are needed to apply the mechanism fairly across the 13 offences covered by the bill.

Regional Leaders Report on Disaster Recovery Progress in Sumatra, Highlighting Key Priorities

Regional leaders from Aceh, North Sumatra and West Sumatra have outlined recovery progress and outstanding needs following disasters, including infrastructure repairs and support for affected microbusinesses. Aceh’s deputy governor called for central-government assistance to repair badly damaged regency roads through the Regional Roads Presidential Instruction scheme, which is expected to begin in mid-November 2026.

SIBF 2026 Offers Investors 43 Potential Projects

The Sulawesi Investment and Business Forum 2026 is presenting 43 potential projects to domestic and international investors, aiming to accelerate investment and expand exports. The event also reports Rp450 billion in export commitments involving 31 small and medium-sized enterprises and 44 buyers from 20 countries.

Ala Ayuning Dewasa for 29 October 2026: Auspicious Days According to the Balinese Calendar

The Balinese calendar identifies Thursday, 29 October 2026, as suitable for drafting customary rules (awig-awig), construction and certain commercial activities, while advising against weddings, funerals and some other rituals. These auspicious and inauspicious timings guide Hindu Balinese communities in scheduling customary and religious observances.

Man Shot Dead at Rental Property in South Bangka; Suspect Sought

A 42-year-old man was shot dead at his rented accommodation in Toboali, South Bangka, and police have deployed a joint team to pursue the 35-year-old suspect. Police say the victim was taken to a local clinic but died, and the provincial police chief has ordered coordination across regional units to secure the suspect.

Police Detain Person Suspected of Carrying a Weapon During Malioboro Clashes

Yogyakarta police detained one person suspected of carrying a bladed weapon during clashes in the Malioboro area on Wednesday evening, while they continue to identify those taken into custody. Police said the unrest involved fireworks, stones and arson, damaging public facilities and traders’ property, and leaving several officers injured.

Police Say Demonstration in Yogyakarta’s Malioboro Turned Violent at Night

Yogyakarta police said a demonstration in the Malioboro area turned violent on Wednesday night after an unidentified group allegedly threw stones, firecrackers and fireworks near the provincial parliament building. Officers dispersed the group and remained on alert to prevent further unrest and protect residents and tourists.

Governor Seeks to Prevent Fuel Shortages in Nias Ahead of Christmas and New Year

North Sumatra Governor Bobby Afif Nasution has ordered measures to prevent fuel shortages in the Nias Islands ahead of Christmas 2026 and New Year 2027. Fuel deliveries have been disrupted by weight restrictions on tanker trucks linked to infrastructure works and landslides; the governor is coordinating with Pertamina to restore normal distribution before the holiday period.

Three Fishermen Drown off Cianjur’s Southern Coast; One Found Dead and Two Missing

One of three fishermen who went missing after their boats were hit by waves off the southern coast of Cianjur, West Java, has been found dead. Search operations for the other two have been called off after exceeding the seven-day operational limit, and they are now presumed missing.

Ambassador Says Prabowo’s Visit to Kazakhstan Planned for 2027

Kazakhstan is preparing for a state visit by Indonesian President Prabowo Subianto in 2027, with around 20 bilateral agreements under discussion. The two countries also hope to sign a business cooperation memorandum, while Indonesia’s free-trade agreement with the Eurasian Economic Union is expected to create further opportunities for trade and investment.

Prayer Times for Denpasar and Surrounding Areas on Thursday, 29 October 2026

Prayer times for Denpasar, Badung and Gianyar on Thursday, 29 October 2026 are listed, with small differences in the Asr and Isha timings between the areas. The article also provides recitations and meanings for the intentions for the five daily prayers, along with guidance on wording for praying alone, as an imam or as a congregant.

Ummat Party’s Daily Chair Calls for Farmers to Share in Prosperity

Heikal Safar, newly appointed Daily Chair of the Ummat Party’s central executive board, took part in a harvest event on farmers’ land in Bekasi and held a free lunch programme for hundreds of party-affiliated farmers. He said agricultural growth has yet to deliver prosperity evenly and pledged to work to raise farmers’ incomes, particularly from rice harvests.

DPR and Tourism Ministry Offer Free Intellectual Property Rights Support to North Kalimantan Creative Economy Players

A North Kalimantan legislator and the Ministry of Tourism and Creative Economy have provided free training and support for creative economy businesses seeking to register intellectual property rights in Tarakan. The initiative aims to help young people turn local knowledge, talent and digital innovation into self-employment and job creation.

Armed Group Attacks Nigerian Village, Killing 62

An armed group suspected of being bandits attacked Binnari in Nigeria’s Taraba State, killing 62 people and injuring 52, according to the National Emergency Management Agency. The violence displaced more than 5,000 residents and affected over 7,000 people, prompting emergency authorities to assess humanitarian needs as Amnesty International criticised the government’s failure to protect rural communities.

Indonesia’s Rp3,923.2 Trillion in Investment Generates 5.48 Million Jobs

Indonesia recorded Rp3,923.2 trillion in investment from the fourth quarter of 2024 to the third quarter of 2026, generating employment for about 5.49 million people, Investment Minister Rosan Roeslani said. Investment outside Java accounted for 51.8 per cent of the total, while the government says it will pursue the Rp13,032.8 trillion investment required by 2029 to support an eight per cent economic growth target.

IDX Sets Aside Rp596.4 Billion Budget for 2027

The Indonesia Stock Exchange (IDX) has earmarked Rp596.4 billion to carry out 51 work plans in 2027, aimed at strengthening its business, infrastructure and transformation. Of the total, Rp380.7 billion will go towards upgrading and optimising information technology assets to improve system reliability, service capacity and readiness for future market development.

Indonesian AI Begins to Take Shape at Bali Tech Week 2026

The third day of Bali Tech Week 2026 showcased efforts to turn Indonesia’s large digital market into domestic technological capability, including an Indonesia–Singapore AI initiative, support for local game developers and a government-backed startup investment target. Speakers also examined open digital commerce networks, stressing that partnerships and investment must build local expertise, intellectual property and commercially viable businesses.

After Meeting Chinese Delegation, National Police Chief Seeks Funding Sources for Aceh Drug Lab

National Police Chief Suyudi Ario Seto says Indonesia will work with Chinese and Malaysian authorities to pursue the financiers and wider network behind a large methamphetamine laboratory uncovered in Aceh. The October operation seized 1.2 tonnes of methamphetamine and led to 11 arrests in Indonesia, while Chinese authorities arrested seven people allegedly linked to the network.

Agriculture Minister Amran Enlists TNI to Strengthen Food Self-Sufficiency as Climate Change Poses a Challenge

Agriculture Minister Andi Amran Sulaiman says closer cooperation between the Agriculture Ministry and the Indonesian National Armed Forces (TNI) is important to safeguard national food self-sufficiency amid climate risks, including drought. He also stressed that food security underpins public welfare and national stability, and called for evidence-based policies and improvements to agricultural governance.

Dudung Says Government Respects Criticism but Warns Protesters to Observe the Rules

Coordinating Minister for Political and Security Affairs Dudung Abdurachman said the government respects citizens’ constitutional right to express opinions, responding to demonstrations held in several regions on Youth Pledge Day. He urged protesters to remain peaceful, avoid provocation and unverified information, and coordinate with security officials, while calling on police to use a professional, proportionate and persuasive approach.

Bahlil Gives Oil and Gas Contractors an Ultimatum: Hand Blocks Back to the State if You Cannot Develop Them

Energy Minister Bahlil Lahadalia has urged production-sharing contractors with approved development plans to move ahead with oil and gas projects, warning that concessions may be returned to the state if contractors cannot deliver. Indonesia consumes about 1.6 million barrels of oil a day but produces only 600,000–650,000 barrels, leaving it reliant on imports of roughly 700,000–750,000 barrels daily despite support from the B50 biodiesel programme.

Cassava Prices Soar from Rp700 to Rp3,000 per Kilogram as Indonesia Prepares to Export

Agriculture Minister Andi Amran Sulaiman says cassava prices paid to farmers have risen to around Rp3,000 per kilogram after the government halted imports, improving prospects for domestic producers. The government now plans to export modified cassava flour (mocaf), potentially as soon as next week, although it has not disclosed the destination markets.

Justice Saldi Fears AI Could Weaken Young People’s Skills

Constitutional Court Deputy Chief Justice Saldi Isra warned that indiscriminate use of artificial intelligence could undermine young people’s reading, writing and analytical abilities. He said the Court’s rulings are written and deliberated by its nine justices without AI, stressing that judicial judgement also depends on human empathy and the ability to assess testimony.

Clash Between Two Groups in Palu Breaks Out, One Person Killed

A renewed clash between residents of Nunu and Tatura Utara (Anoa) in Palu left one person dead and several others injured. Police said some participants arrived armed with bladed weapons and modified air rifles, while officers were outnumbered as the situation escalated.

Press Council Presents Four Awards to Media Companies and Press Figures

Indonesia’s Press Council presented four awards at its 2026 ceremony in Jakarta, recognising a media company, a journalist, a press figure and a national figure. Project Multatuli, Najwa Shihab, Karni Ilyas and Mahfud MD received the awards, following recommendations from a selection panel appointed by the council.

Crowd Unrest in Malioboro Subsides, Situation Now Calm

Police said unrest along Yogyakarta’s Malioboro street had eased by around 11pm, after officers used water cannon and tear gas to disperse a crowd and restore access to public areas. Several people were detained, including one allegedly carrying a sharp weapon; the gathering had begun as a demonstration marking Youth Pledge Day.

Iran Rejects US Peace Proposal Delivered via Qatar over Nuclear Issue

Iran has rejected a draft peace proposal presented by Qatar, which is mediating efforts to end the war, saying the terms are unacceptable. Tehran also indicated it would not compromise on its nuclear programme, despite US Vice-President JD Vance’s call for Iran to reduce uranium enrichment as part of a settlement.

Agriculture Minister: Mixing SPHP Rice into Premium Rice Harms Poor Subsidy Recipients

Agriculture Minister Andi Amran Sulaiman condemned the alleged repackaging of subsidised SPHP rice as premium rice, saying it deprives low-income households of affordable food and undermines price-stabilisation efforts. He said the rice, subsidised by Rp6,000 per kilogram, was meant to sell for Rp12,500 but was allegedly marketed at around Rp17,000, and called for law enforcement to hold those responsible to account.

Prabowo Sets 2028 Deadline to Resolve Indonesia’s Waste Problem as Danantara Opens Technology Tender

President Prabowo Subianto has set a 2028 target for resolving Indonesia’s waste problem, with state investment agency Danantara tasked with advancing the effort. Coordinating Economic Affairs Minister Airlangga Hartarto said a tender for waste-processing technology is under way, and stressed that facilities must be backed by suitable systems, infrastructure and users to operate effectively.

Justice Saldi Says More Young People Are Bringing Cases to the Constitutional Court

Constitutional Court Deputy Chief Justice Saldi Isra says young people have increasingly brought cases challenging laws over the past three to four years, forming what he calls a new generation of Indonesian legal practitioners. He highlighted a petition seeking clear labelling of sugar, salt and fat levels in packaged food as an example of youth-led litigation that can advance public health rights and hold the government accountable.

Chinese Investor Plans EV and Buton Asphalt Plants in Java

Investment Minister Rosan Roeslani held talks with Chinese and other international companies in Shanghai about prospective projects across asphalt processing, textiles, energy and electric vehicles. Proposals include a US$60 million Buton asphalt plant in Java, further textile investment, waste-to-energy projects and interest in a 1 GW share of Indonesia’s 100 GW solar programme.

Medan Content Creator Admits to Insulting Jesus During TikTok Live

North Sumatra police say content creator Ritman Marbun admitted making insulting remarks about Jesus during a TikTok livestream, citing frustration over his deteriorating financial circumstances and declining online following. He has been arrested and detained, and is being investigated under provisions of Indonesia’s 2023 Criminal Code.

Government Preparing Regulations for Jakarta Launch of Indonesia International Financial Centre

Indonesia is preparing implementing regulations for the Indonesia International Financial Centre (PFII), which will be launched first in Jakarta before expanding to Bali. The framework is modelled on Dubai’s financial centre and will include a two-tier dispute-resolution system, with the government saying the legal and personnel preparations remain key tasks.

Surabaya Investment Clinic Praised for Helping Businesses Obtain NIB and Use OSS

A business owner in Surabaya praised the city’s Investment Clinic for helping him recover his business identification number (NIB) and complete an independent Online Single Submission (OSS) process in about 15 minutes. The article presents the service as an example of accessible business-permit assistance, while noting that processing times depend on the service requested and whether requirements are complete.

After Brutally Killing His Common-Law Wife and Child in Madiun, Dwi Bagus Speaks Out

Dwi Bagus Martono, accused of killing his common-law wife and her four-year-old child in Madiun, has apologised to the victims’ family and the public, saying he feels guilty and remorseful. Police say the two were killed in a hotel room; investigators allege the bodies were mutilated, burned and ground up.

Airlangga Seeks IEU-CEPA Signing This Week as Indonesia Faces Loss of GSP Tariff Benefits

Co-ordinating Minister for Economic Affairs Airlangga Hartarto is targeting signature of the Indonesia–EU trade agreement by the end of this week, ahead of its submission to the European Parliament in early November. Indonesia is expected to lose its EU Generalised Scheme of Preferences tariff benefits from 1 January 2027 after moving into the upper-middle-income category, making the agreement important for preserving market access.

Tolak Angin and Rembang’s Keluarga Sehat Hospital Hold Free Cataract Surgery

Sido Muncul has provided Rp160 million to support free cataract operations for 50 patients at Keluarga Sehat Hospital in Rembang. The company says its nationwide programme has reached more than 57,000 eyes, and it plans to support another operation campaign in Rembang in 2027.