Indonesian Political, Business & Finance News

Archive: 10 November 2026

Showing 601-650 of 1,599 articles

List of 19 National Heroes for 2026: From Hoegeng to Sutan Takdir

President Prabowo Subianto led the award ceremony at the State Palace on National Heroes Day, honouring 19 figures from across Indonesia. The recipients include former national police chief Hoegeng Iman Santoso, former prime minister Ali Sastroamidjojo, Jakarta governor Ali Sadikin and BNI founder Margono Djojohadikusumo.

Vice-President Gibran Attends National Hero Awards Ceremony at the State Palace

Vice-President Gibran Rakabuming Raka attended the ceremony honouring 19 people as national heroes at the State Palace, alongside President Prabowo Subianto. His appearance drew attention after a minister confirmed that Gibran had expressed an intention to resign amid legal developments and had asked for time to verify the authenticity of his diploma through the administrative court.

Kemeninveshil/BKPM Sets Up Regional Investment Desks to Support Rp100 Trillion Target

The Ministry of Investment and Downstreaming/BKPM has established regional investment desks in Medan, Semarang, Makassar and Balikpapan to help oversee Rp100 trillion in investment realisation and resolve business bottlenecks. The Sumatra desk has a Rp13 trillion target, prioritising strategic projects and investments worth at least Rp100 billion; the initiative builds on reported gains from pilot desks in Batam and Bali.

KAI President Director: INKA to Become KAI Subsidiary After Integration

PT Industri Kereta Api (INKA) is expected to become a subsidiary of state railway operator KAI following their integration, which is targeted to take effect on 1 January 2027. KAI says the move will create an end-to-end rail industry ecosystem, improve INKA’s finances and supply chain, and connect its manufacturing and engineering work with KAI’s operational experience and maintenance activities.

Gibran Joins Prabowo at Palace Event After Expressing Intention to Resign as Vice-President

Vice-President Gibran Rakabuming Raka attended the 2026 National Hero title award ceremony at the State Palace alongside President Prabowo Subianto. His appearance came amid reports that he had told Prabowo he intended to resign, while requesting time to establish the validity of his high-school diploma, which has been challenged through the State Administrative Court.

Malaysia court clears way for former Malaysian prime minister Najib to begin house arrest

Malaysia’s High Court has ordered former prime minister Najib Razak to serve the remainder of his reduced sentence for offences involving SRC International under house arrest, following confusion over the implementation of a royal pardon. The ruling follows a public dispute between the royal palace and the Attorney-General’s Office, while Najib remains subject to a separate 15-year sentence in a second 1MDB-related case, which he is appealing.

Five Transjakarta Routes Skip City Hall Stop Amid Protest

Five Transjakarta routes will bypass the City Hall stop following road closures on Jalan Medan Merdeka Selatan, where a protest is taking place. Jakarta’s transport agency has deployed 510 personnel and prepared conditional traffic diversions around several central locations.

US Pulls Military Aircraft from UK Air Base Again — Why?

The United States has moved aircraft, including refuelling planes and Ospreys, from RAF Mildenhall amid reported concerns about a possible Iranian threat. The Pentagon has not commented, while the UK Ministry of Defence says it does not routinely discuss other countries’ activity; the move follows the withdrawal of B-1 bombers from another British base in October.

KSP steps up coordination to oversee Prabowo’s priority programmes

The Presidential Staff Office (KSP) is strengthening coordination and oversight of political, legal, security and economic programmes identified as President Prabowo Subianto’s priorities. KSP chief Ariyo instructed deputy offices to monitor implementation, identify obstacles and ensure government policies deliver the president’s targets.

BULOG Honours Former Managing Directors as Food Heroes, Reinforcing Commitment to Food Self-Sufficiency

BULOG honoured two former managing directors and other contributors to national food security at a Heroes’ Day event, while renewing its commitment to sustainable food self-sufficiency. The agency said rice procurement had reached 4.30 million tonnes by 9 November 2026, exceeding its four-million-tonne target, with stocks at 4.59 million tonnes.

List of 19 National Heroes for 2026 as Prabowo Leads Awards Ceremony

President Prabowo Subianto has conferred Indonesia’s National Hero title on 19 figures from diverse backgrounds, in a ceremony at the State Palace marking Heroes’ Day. The recipients were selected through a multi-stage process involving proposals from regional authorities and finalisation by the Council for Titles, Decorations and Awards.

Gibran to Continue Working as Usual Despite Intention to Resign

State Secretary Prasetyo Hadi says Vice-President Gibran Rakabuming Raka will continue carrying out his duties while the government remains focused on its work, despite Gibran having expressed an intention to resign. Gibran also wants the opportunity to establish the validity of his documents through legal proceedings, amid court developments concerning his educational-equivalency certificate.

Gibran Accompanies Prabowo as He Awards National Hero Titles to 19 Figures

President Prabowo Subianto presented National Hero titles to 19 figures at the Presidential Palace in Jakarta, with Vice-President Gibran Rakabuming Raka at his side. The ceremony came amid reports that Gibran had told Prabowo he intended to resign, while asking for time to establish the authenticity of his education documents through the Administrative Court process.

Palace’s Full Statement on Gibran’s Wish to Resign as Vice-President

Vice-President Gibran Rakabuming Raka reportedly told President Prabowo Subianto he intended to resign amid developments surrounding decisions by the Constitutional Court and Supreme Court. State Secretary Prasetyo Hadi said Prabowo did not reject the proposal, while Gibran asked for time to establish the validity of his education documents through administrative court proceedings.

Palace confirms Gibran’s intention to resign as vice-president

State Secretary Minister Prasetyo Hadi says Vice-President Gibran Rakabuming Raka told President Prabowo Subianto he intends to resign, though the President did not oppose the idea. The discussion came amid renewed scrutiny of Gibran’s educational credentials, a Supreme Court ruling against his equivalency certificate and parliamentary factions’ calls to launch an inquiry.

KAI Explains Why It Cancelled Plans to Import Used Japanese Commuter Trains, Citing Safety

KAI has abandoned plans to import 28-year-old used electric multiple-unit trains from Japan after assessing their safety, maintenance demands and long-term operational viability. The decision prioritises passenger safety over adding capacity, with KAI concluding that ageing components and metal fatigue would create unacceptable risks.

Vice-President’s Palace Quiet After Gibran Announces Intention to Resign

The Vice-President’s Palace appeared quiet after Gibran Rakabuming Raka reportedly told President Prabowo Subianto that he intended to resign amid controversy over rulings by the Constitutional Court and Supreme Court. The report also describes a small protest criticising Gibran and former president Joko Widodo, as political pressure builds in Parliament over the dispute concerning Gibran’s diploma.

AKR Takes Control of BP Petrol Stations and Retains BP Brand in Indonesia

AKR Corporindo’s acquisition of BP Global Investments’ 49.9% stake in the BP-AKR petrol-station business is expected to leave the BP brand and operating standards in place. An industry association representative says local ownership could improve access to government and Pertamina, but warns that centralised fuel procurement may constrain private operators and weaken investment appeal and competition.

Telkomsat Offers Strategic Solutions for Developing Indonesia’s Satellite Industry at APSCC 2026 Forum

Telkomsat joined the APSCC 2026 conference in Bali, where its managing director discussed the strategic choices facing Indonesian satellite communications operators: leasing capacity, jointly owning satellites or buying them outright. The company said it combines geostationary (GEO) infrastructure with low Earth orbit (LEO) constellation capacity, while seeking partnerships to strengthen its services and business portfolio.

Amid Resignation Speculation, Vice-President Attends National Hero Award Ceremony at State Palace

Vice-President Gibran Rakabuming Raka attended the National Hero Award ceremony in Jakarta after reportedly telling President Prabowo Subianto he intended to resign. A Cabinet minister said the President did not reject the intention but offered advice, while Gibran asked for an opportunity to establish the authenticity of his documents through proceedings at the State Administrative Court.

Palace Leaves Gibran Impeachment Debate to DPR Factions

State Secretary Prasetyo Hadi said the Palace would leave the course of the impeachment initiative against Vice-President Gibran Rakabuming Raka to the respective factions in the House of Representatives (DPR). The comments follow reports that Gibran told President Prabowo Subianto he intended to resign amid disputes over court rulings concerning the validity of his diploma.

On Heroes’ Day, Government Urges Respect for Unsung Heroes

State Secretary Prasetyo Hadi marked Heroes’ Day on behalf of the government and President Prabowo Subianto, urging Indonesians to honour all those who fought for the country, including those whose names are not widely known. He said their sacrifices place a responsibility on the present generation to contribute to the nation, as 19 figures from diverse backgrounds were awarded the title of National Hero this year.

KAI Cancels Plan to Import Used Japanese Commuter Trains: The Reasons Behind the Decision

KAI has scrapped its plan to import used electric multiple-unit trains from Japan, citing passenger safety and the technical risks of operating trains that are already 28 years old. The company says the ageing fleet would also require complex maintenance and raise concerns about the long-term availability of electrical components.

Crowds Voice Their Demands at Tugu Tani

Students demonstrated at Jakarta’s Tugu Tani, calling for the immediate passage of the Asset Forfeiture Bill and an investigation into forest and land fires. Police said they would facilitate the protest and prioritise the safety of demonstrators, journalists and the public.

Former Finance Minister Who Helped Resolve Crisis Named National Hero

Frans Seda, who led Indonesia’s Finance Department from 1966 to 1968, has been named one of 18 recipients of the 2026 National Hero title. His balanced-budget reforms, efforts to curb money-printing and restore international economic ties helped lay the groundwork for stabilisation, with inflation falling sharply between 1966 and 1969.

Ecuador’s parliament approves anti-mafia bill, with prison terms of up to 60 years

Ecuador’s National Assembly has approved an anti-mafia bill that strengthens measures against organised crime, including cumulative sentences of up to 60 years for three or more separate intentional offences. The reforms also create new offences, tighten controls on drugs and illegal hydrocarbons, provide incentives for verified cooperation, and target the recovery of criminal assets; the bill now goes to President Daniel Noboa.

Cilacap THR Corruption Case: Syamsul Auliya Rachman Sentenced to Five Years in Prison

Cilacap’s inactive regent, Syamsul Auliya Rachman, has been sentenced to five years in prison for forcing local government department heads to collect money for a holiday allowance (THR). The court also imposed a Rp250 million fine, ordered him to repay Rp568 million and revoked his political rights for two years.

Threatened by Iran, US Evacuates Military Aircraft from British Bases

The US has moved tanker aircraft from RAF Mildenhall to Germany and other locations after a reported Iranian threat, raising security measures at two British airbases to the second-highest US force-protection level. The move follows earlier bomber withdrawals and arrests linked to suspected Iranian intelligence activity at RAF Fairford, amid heightened concerns over security at Western bases involved in operations against Iran.

Palace Says Gibran Continues Working as Usual Despite Submitting Resignation as Vice-President

State Secretary Prasetyo Hadi said Vice-President Gibran Rakabuming Raka would continue carrying out his duties as usual after expressing an intention to resign. The government says it remains focused on public services and preparedness for hydrometeorological disasters and next year’s forest and land fires, while Gibran seeks to establish the validity of his documents through a legal process.

No Need to Be Surprised: Tiran Group’s Stake in Bayan Is Just 2%, While China’s Conch Invests Rp15 Trillion

Tiran Nusantara Group says its Rp15 trillion partnership with China’s Conch Investment Holdings will fund several industrial and energy projects, with a target of 5,000 jobs. The article also explains that a Tiran subsidiary holds a 2% stake in Bayan Resources and highlights the group’s connections to Agriculture Minister Andi Amran Sulaiman; the claims about investments, ownership and philanthropy are attributed to the company’s spokesperson.

BP Sells Its 49.9% Stake in APR as AKR Group Prepares to Take Full Control

AKR Corporindo has agreed to acquire BP’s 49.9 per cent stake in APR for US$14.22 million through two AKR Group entities, AKRIDA and ADH. Once completed, the deal will raise the group’s ownership from 50.1 per cent to 100 per cent; AKR says it is not expected to have a material adverse effect on its business or financial position.

IKJ Students’ Theatrical Performance Adds Colour to Demonstration Outside Parliament

Students from the Jakarta Arts Institute (IKJ) staged a theatrical performance during a demonstration outside Indonesia’s parliament, using monologue, movement and visual art to address issues in public debate. Around 100 students took part, raising demands concerning fiscal policy, environmental protection and the evaluation of state budget spending.

Vice-President Gibran Says He Wants to Resign, and Prabowo Did Not Reject the Request: The Mechanism and Rules under the 1945 Constitution

The State Palace confirmed that Vice-President Gibran Rakabuming Raka told President Prabowo Subianto he intended to resign amid developments surrounding Constitutional Court and Supreme Court decisions. The government said Prabowo did not reject the idea, while Gibran asked for time to establish the validity of his documents through the State Administrative Court; the article outlines the constitutional framework for a vice-presidential resignation.

Culture Ministry Highlights Three Priorities to Strengthen Institutions and Governance

The Culture Ministry has identified institutional capacity, aligned policy interventions and better coordination as priorities for its 2027 strategic planning, underpinned by transparency and accountability. It is also accelerating cultural-site restoration, improving safety and museum services, and expanding support for artists and cultural communities.

Indonesia’s Vice-President Sent Parliament a Letter, Saying He Would Resign on This Date

Mohammad Hatta confirmed in late November 1956 that he would resign as Indonesia’s vice-president on 1 December, a decision Parliament accepted unanimously. Contemporary reports attributed his departure to frustration at being excluded from government decisions, ignored proposals and policies he opposed, including special licences and a presidential pardon for a corruption convict.

What Happened During Gibran’s 2.5-Hour Meeting with Prabowo After He Said He Intended to Resign

Vice-President Gibran Rakabuming Raka told President Prabowo Subianto he was considering resigning amid controversy over his education documents and calls in Parliament for possible impeachment proceedings. A minister said Prabowo offered advice but did not reject Gibran’s intention; Gibran also asked to prove the validity of his documents through legal proceedings at the State Administrative Court.

PASTI Task Force Finds Illegal Investment Scheme Using AI and OJK Logo, Public Figures’ Names Misused

Indonesia’s PASTI Task Force has halted OneTwoMarkets and 15 other entities suspected of illegal financial activity, after finding that OneTwoMarkets used AI-generated depictions of public figures and falsely claimed regulatory legitimacy. Other cases involved the misuse of OJK and KSEI logos and impersonation of a licensed Chinese securities company, prompting regulators to urge the public to verify investment providers’ legal status.

President Bestows National Hero Titles on 19 Figures in 2026; Gibran Attends Ceremony at State Palace

President Prabowo Subianto bestowed National Hero titles at the State Palace, with Vice-President Gibran Rakabuming Raka attending despite having reportedly submitted his resignation earlier that day. The article’s headline says 19 people received the honour, although its opening paragraph says 18 and the list is cut off after the name M Roemm.

Government to Confer National Hero Titles on 19 Figures

The government will confer National Hero titles on 19 people as part of the 10 November Heroes’ Day commemorations, following a multi-stage selection process. Among those named are former police chief Hoegeng Imam Santoso, former prime minister Ali Sastroamidjojo and retired general Muhammad Jusuf.

BRIN Prioritises Satellite Research for Disaster Mitigation

Indonesia’s National Research and Innovation Agency (BRIN) is prioritising satellite technology to support disaster response, ocean and food monitoring, while also pursuing technologies with broad public benefits. It is working to accelerate malaria vaccine development from an estimated five years to two and wants universities to expand semiconductor research using the country’s mineral resources.

KP2MI and Angkasa Pura Sign MoU to Expand Aviation-Sector Job Opportunities

KP2MI and PT Angkasa Pura Indonesia have agreed to develop training and overseas placement opportunities for Indonesian migrant workers in aviation, airport operations, tourism and hospitality. The partnership also supports the government’s SMK Go Global programme, while KP2MI launched training for 289 prospective migrant workers and sent 41 workers to Japan under the Specified Skilled Worker scheme.

Medical equipment and healthcare products on display at the 9th CIIE

The health sector featured prominently at the ninth China International Import Expo in Shanghai, showcasing innovations across pharmaceuticals, biotechnology and digital healthcare. The exhibition aims to support medical innovation and China’s Healthy China initiative.

Constitutional Rules if Gibran Resigns: Prabowo to Propose Two Vice-Presidential Candidates to the MPR

Vice-President Gibran Rakabuming is reported to have told President Prabowo Subianto that he intends to resign, amid political pressure in parliament over disputes concerning his diplomas and court rulings. Under Article 8(2) of the 1945 Constitution, the MPR must convene within 60 days to choose a vice-president from two candidates proposed by the president.

Vice-President Gibran to continue working as usual despite submitting resignation

State Secretary Prasetyo Hadi says Vice-President Gibran Rakabuming Raka will continue carrying out his duties while the government remains focused on public services. The comments come amid Gibran’s stated intention to resign and his request to prove the validity of his documents through proceedings at the State Administrative Court.

Danareksa (Persero) Officially Renamed PT Kawasan Industri Indonesia

Danareksa shareholders have approved changing the state-owned company’s name to PT Kawasan Industri Indonesia, reflecting its shift from a multi-sector holding company to one focused on industrial estates. The company operates seven estates across five provinces, covering 7,706 hectares and hosting more than 1,200 businesses; the name change will take effect once approved by the Minister of Law.

Law Ministry Accelerates Corporate Data Integration to Strengthen Public Services and Investment

The Directorate General of General Legal Administration has electronically integrated its corporate and legal data with around 35 ministries, agencies and state-owned enterprises, with agreements involving 15 more institutions nearing completion. Data requests exceeded 20 million by October 2026, supporting services such as corporate tax registration and business licensing, and underscoring the system’s growing role in public services and investment.

Tiran Invests Rp15 Trillion to Boost Indonesian Ownership in Bayan

PT Tiran Nusantara Grup and Hong Kong’s Conch Investment Holdings have agreed to invest Rp15 trillion and acquire a 2 per cent stake in Bayan Resources. The partnership also plans downstream industrial projects expected to create 5,000 jobs, spanning battery-anode materials, plastic packaging and renewable and waste-to-energy power plants.

KAI Cancels Import of Used Japanese Commuter Trains over Safety Concerns

KAI has dropped plans to import 28-year-old used electric multiple-unit trains from Japan after assessing their safety, maintenance needs and long-term operational sustainability. The company said safety must take precedence over increasing passenger capacity, citing ageing electrical components and concerns about metal fatigue.

Indonesia’s Vice-President Gibran expresses intention to resign, official says

Vice-President Gibran Rakabuming Raka told President Prabowo Subianto he intended to resign, according to a presidential spokesperson, who did not confirm whether Prabowo had accepted the request. The disclosure comes amid a growing rift between Prabowo and Gibran’s father, former president Joko Widodo, and scrutiny by lawmakers of Gibran’s eligibility following court rulings on his education documents.

Gibran Asks President for Opportunity to Prove Validity of Diploma in Administrative Court

Vice-President Gibran Rakabuming Raka has asked President Prabowo Subianto for an opportunity to establish the validity of his educational documents through proceedings at the Administrative Court. The request came during a meeting at which Gibran also reportedly expressed an intention to resign, amid recent court rulings concerning his high-school equivalency certificate.