Indonesian Political, Business & Finance News

Archive: 10 November 2026

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Fallen Tree Brings Down Internet Cable in Kemang, South Jakarta, After Heavy Rain

A tree fell on Jalan Kemang Timur Raya in South Jakarta during heavy rain and strong winds, affecting an internet cable. No casualties, evacuees or material losses were reported, and the response was completed within just over an hour.

OJK Urges Listed Companies to Understand Sustainability Reporting

OJK chief Friderica Widyasari Dewi has urged companies listed on the Indonesia Stock Exchange to improve their understanding of sustainability reporting as demand for environmentally focused investment grows. She highlighted investor interest in Indonesian forest restoration and community-benefiting projects, and said climate and sustainability risks require early action.

Tiran Group’s Business Empire: Rp7 Trillion Invested, Stake in Bayan and Partnership with China

Tiran Nusantara Group says it has invested about Rp7 trillion in mining and hospital development, and has agreed a Rp15 trillion investment partnership with China’s Conch Investment Holdings for four industrial and energy projects. The group has also acquired a 2% stake in Bayan Resources, while stressing that the transaction is a corporate action unrelated to Agriculture Minister Amran Sulaiman’s government position.

Palace Says Prabowo Did Not Reject Gibran’s Intention to Resign

State Secretary Minister Prasetyo Hadi confirmed that Vice-President Gibran Rakabuming Raka told President Prabowo Subianto he intended to resign, but said Prabowo did not reject the proposal. Gibran reportedly asked for time to prove the validity of his education documents through proceedings at the State Administrative Court.

Bank Aladin Syariah Targets These Segments to Drive Business Growth

Bank Aladin Syariah plans to expand its focus beyond food and beverage businesses, targeting convenience stores, contractor financing and micro, small and medium-sized enterprises (MSMEs) in new regions. The bank says it will broaden its product range and geographic reach, building on partnerships and its digital Islamic banking ecosystem.

JCI Closes in Positive Territory, Rising 1.02% to 5,125.73

Indonesia’s Jakarta Composite Index (JCI) rose 1.02% to close at 5,125.73, supported by gains in utilities and basic materials, despite losses in several heavyweight stocks. Investors also weighed domestic consumer confidence and key global economic indicators, including Chinese inflation and the forthcoming US inflation report.

Indonesia’s solar ambitions hinge on projects and stronger supply chains

Indonesia’s solar expansion will require bankable projects, stronger supply chains and investment partnerships, industry leaders said at the ASEAN Solar-Storage Summit in Jakarta. With installed solar capacity at about 1.5 gigawatts against a 100-gigawatt programme, participants discussed financing, technology, local-content requirements and energy storage as ways to turn renewable energy targets into viable projects.

2026 Heroes’ Day: Social Affairs Ministry Urges Staff to Emulate the Spirit of Struggle

The Social Affairs Ministry marked Heroes’ Day with a call for its employees to embody courage, service, unity and social concern in their daily work. Social Affairs Minister Saifullah Yusuf linked continuing the heroes’ struggle to fulfilling constitutional commitments on education, public welfare and care for vulnerable people, including through the government’s Sekolah Rakyat programme.

Rejang Lebong’s Suspended Regent Sentenced to Five Years in Prison

A corruption court in Bengkulu sentenced suspended Rejang Lebong Regent Muhammad Fikri Thobari to five years in prison for accepting bribes and gratuities linked to the steering of public works contracts. He was also fined Rp200 million and barred from political office for five years after serving his main sentence; a former district public works chief received a four-year sentence.

Palace’s Full Statement on Gibran’s Intention to Resign: Prabowo Did Not Reject It

Vice-President Gibran Rakabuming Raka told President Prabowo Subianto he intended to resign amid developments surrounding rulings by Indonesia’s Constitutional Court and Supreme Court. State Secretary Prasetyo Hadi said Prabowo did not reject the intention, but offered advice; Gibran also asked for an opportunity to establish the validity of his documents through the State Administrative Court.

At Global Summit, Hashim Presents Indonesia as a Home for Climate Solutions

Presidential special envoy Hashim Djojohadikusumo told COP31 that Indonesia aims to turn climate targets into practical action, aligned with economic development, food and energy security, and public welfare. The Indonesia Pavilion will showcase conservation initiatives and seek global partnerships, while the government advances measures including a national carbon registry and renewable energy transition.

Gibran Says He Intends to Resign; Prabowo’s Response

Vice-President Gibran Rakabuming Raka reportedly told President Prabowo Subianto he intended to resign amid developments linked to decisions by the Constitutional Court and Supreme Court. State Secretary Prasetyo Hadi said Prabowo did not reject the idea, offered advice and agreed that Gibran could pursue legal proceedings to establish the validity of his education documents.

Palace Respects DPR’s Use of the Right to Express an Opinion over Gibran’s Degree Issue

State Secretary Prasetyo Hadi said the Palace respects the political process in the House of Representatives (DPR) concerning the possible use of its Right to Express an Opinion over questions about Vice-President Gibran Rakabuming Raka’s degree. DPR Speaker Puan Maharani said party factions’ input had been received and would be considered, while lawmakers from PKB and PDI-P described the mechanism as an option for addressing the issue.

Prabowo Awards National Hero Titles to 19 Figures, Including General Hoegeng

President Prabowo Subianto awarded national hero titles to 19 figures from various regions and professions at the State Palace in Jakarta on 10 November 2026. Among them are former police chief Hoegeng Iman Santoso, former prime minister Ali Sastroamidjojo and retired general M. Jusuf; the nominees were proposed by regional governments and finalised by the Council for Titles and Honours.

Legislator Urges Young People to Emulate the Heroism of President Prabowo’s Grandfather

MP Siti Mukaromah has urged young people to draw inspiration from Margono Djojohadikusumo, President Prabowo Subianto’s grandfather, whose nomination for National Hero status has been put forward for consideration. She said recognition of his contribution should inspire people to serve the country, while the government is expected to announce National Hero awards during the 2026 Heroes’ Day commemorations.

Chery Indonesia Recalls Omoda 5 After Axle Shaft Breaks in Malaysia

Chery Indonesia is recalling certain Omoda 5 Z and RZ models for inspections of their rear axle beams, following an axle-shaft failure in Malaysia. The company says the move is precautionary; affected owners can receive inspections and any necessary replacements free of charge.

Russian and South Korean CIOFF Delegations Learn About South Lampung’s History

Delegations from Russia and South Korea visited historic sites in Kuripan village as part of Lampung Selatan Festival 2026, learning about the region’s history and cultural identity. Their visit also featured plans for a South Korean Pongsan Mask Dance performance, supporting cultural exchange and international promotion of South Lampung’s heritage and tourism.

State Secretary: Gibran Tells Prabowo He Intends to Resign

State Secretary Prasetyo Hadi said Vice-President Gibran Rakabuming Raka expressed an intention to resign during a meeting with President Prabowo Subianto on Tuesday. The report does not provide further details or confirm that Gibran has formally submitted his resignation.

Phone Factory Brings Disaster: Three Workers Dead as Residents Cry Out Over Rampant Pollution

Three contract workers died from suspected oxygen deprivation at a Tata Electronics iPhone-component plant in Tamil Nadu, adding to a series of safety, environmental and labour controversies affecting Apple’s manufacturing supply chain in India. The incidents pose a challenge to Apple’s effort to make India a major manufacturing hub as it shifts production away from China.

Palace Says Government Remains Focused on Its Work Despite Gibran’s Intention to Resign

The Presidential Palace says government programmes will continue uninterrupted after Vice-President Gibran Rakabuming Raka reportedly asked to resign. State Secretary Prasetyo Hadi said President Prabowo Subianto was continuing to lead government work, including preparations for potential disasters, while Gibran also sought permission to prove the validity of his education documents.

Religious Affairs Minister urges Waqf Run to promote productive waqf

Religious Affairs Minister Nasaruddin Umar has backed the Indonesian Waqf Board’s Waqf Run as a way to raise awareness of productive waqf and its social and environmental benefits. The 29 November event will direct Rp50,000 of each Rp300,000 entry fee to the Green Waqf programme, with organisers capping participation at 1,500 runners.

PDI-P Secretary-General: Waste Management Must Become Real Action, Not Just Talk

PDI-P has made waste management a priority for regional development, using its 2026 Waste Awareness Week to bring local leaders together to share approaches and innovations. Secretary-General Hasto Kristiyanto called for practical action, behavioural change, waste reduction and recycling, and stronger collaboration between governments and communities.

OJK Warns Banks Against Careless Partnerships with Fintech and P2P Lenders

The Financial Services Authority (OJK) has urged banks to apply strict risk management and governance when partnering with fintech and peer-to-peer lending platforms. Banks must regularly assess partners, monitor digital lending and suspend disbursements if non-performing loans rise sharply, with OJK warning it may take firm action against banks or lenders that disregard prudential standards.

After Saying He Intended to Resign, Gibran Makes a Special Request to Prabowo

Vice-President Gibran Rakabuming Raka reportedly told President Prabowo Subianto he intended to resign, while asking for an opportunity to establish the authenticity of his documents through legal proceedings. The meeting comes amid controversy over Gibran’s education credentials and growing parliamentary interest in the issue.

Prabowo Urges Jakarta to Become a Green Zone; Rano Wants Residents’ Compost Bought

President Prabowo Subianto has called for Jakarta to become a green zone, prompting Deputy Governor Rano Karno to propose that the provincial government purchase compost made by community waste processors. Rano also called for better coordination between agencies on green spaces around transport infrastructure and urged residents to compost organic waste at home.

Gibran Meets Prabowo for 2.5 Hours to Communicate Intention to Resign as Vice-President

Vice-President Gibran Rakabuming Raka told President Prabowo Subianto he intended to resign, against the backdrop of political pressure over disputes concerning his education documents. A minister said Prabowo did not reject the proposal, while Gibran also sought time to establish the documents’ validity through the Administrative Court (PTUN); the government says it remains focused on its duties.

BMKG Warns of Light to Heavy Rain in West Java Until 15 November

BMKG forecasts light rain across parts of West Java from 9 to 15 November 2026, with localised heavy rain, thunderstorms and strong winds possible early in the week. It has urged residents and authorities to prepare for sudden weather changes and related hazards, including flooding, landslides and fallen trees.

State Secretary: Prabowo Did Not Reject Vice-President Gibran’s Resignation

Vice-President Gibran Rakabuming Raka reportedly told President Prabowo Subianto he intended to resign amid developments related to Constitutional Court and Supreme Court decisions. State Secretary Prasetyo Hadi said Prabowo did not reject the intention, while offering Gibran advice and time to prove the validity of his credentials through the Administrative Court process.

Indonesia targets 500,000 overseas migrant worker placements by 2029

Indonesia’s Ministry of Indonesian Migrant Worker Protection aims to place 500,000 workers in 85 countries by 2029 through its SMK Go Global programme, with 32,000 candidates prepared for placements in 2026. The initiative includes skills and language training, contract awareness and worker protection, as the government seeks to expand overseas employment and remittances while aligning vocational training with international demand.

Pangkalpinang City Government and Pelindo Develop Cultural Tourism

Pangkalpinang’s government and state-owned port operator Pelindo are working together to develop cultural and historical tourism, including a monument to the Sekak people. The initiative is intended to promote local economic growth and community empowerment while raising awareness of the region’s heritage.

Get Ready to Book: Transport Ministry to Relaunch Free Motorcycle Train Scheme for 2026–27 Holiday Period

The Transport Ministry will offer a 30% discount on selected economy train fares for the Christmas 2026 and New Year 2027 travel period, targeting more than one million passengers. It will also run its free motorcycle transport by rail (MOTIS) scheme on selected dates, while urging travellers to follow official registration information and noting that safety inspections will continue.

Saudi Arabia Destroys Houthi Missile-Component Factories

The Saudi-led coalition says it destroyed three Houthi facilities in Yemen used to manufacture ballistic-missile components, solid propellant and electronic systems. It also reports intercepting a series of Houthi missile and drone attacks targeting Saudi territory, amid continuing hostilities across the Arabian Peninsula.

Prosecutors Ask Judges to Reject Former Deputy Immigration Minister Silmy Karim’s Objection

KPK prosecutors have urged the Jakarta Corruption Court to reject Silmy Karim’s objection, arguing that his denials concerning alleged extortion and receipt of money should be addressed during the trial on the merits. Silmy is accused of extorting applicants for immigration documents, with alleged payments totalling Rp168.9 billion, and of receiving Rp33.9 billion in gratuities; the court is due to deliver its interlocutory ruling on 12 November.

Man Allegedly Assaults Restaurant Employee in Bogor After Losing Patience Waiting for Order

A restaurant owner in Bogor says a customer became angry after waiting for his order, then allegedly assaulted an employee and damaged equipment. Police are following up on the viral CCTV footage and have visited the restaurant to speak with its owner.

OJK urges listed companies to understand sustainability reporting

OJK chief Friderica Widyasari Dewi has urged companies listed on the Indonesia Stock Exchange to improve their understanding of sustainability reporting as environmental investment opportunities expand. She highlighted carbon-economy projects, including forest restoration, and outlined the roles of the exchange and government in Indonesia’s carbon-trading ecosystem.

State Palace Respects MPs’ Move to Sign Motion on Gibran

State Secretary Prasetyo Hadi said the Palace respects Parliament’s constitutional and political processes concerning Vice-President Gibran Rakabuming Raka. Around 50 MPs have signed a proposal to exercise the right to express an opinion, and the letter has been submitted to the House leadership.

Rustini Muhaimin Highlights Education Inequality in Cilacap’s Kampung Laut

Rustini Muhaimin Iskandar has called for more equitable access to education and facilities in Kampung Laut, Cilacap, where students face geographical and resource-related barriers. She and local MP Siti Mukaromah urged sustained government attention, including fairer allocation of education funding, after reports that some primary pupils still struggle to read.

Alice Huang: from finance to chips amid scrutiny over Nvidia ties

Alice Huang, a former Chinese finance executive who became the controlling shareholder of Singapore-based cloud-computing firm Megaspeed, is facing scrutiny over alleged links to a Chinese intelligence operation and the supply of restricted Nvidia chips. The allegations have not been independently verified, and there is no public finding that Megaspeed breached US export controls; the controversy has prompted an investigation by Nvidia’s board and questions from US lawmakers.

So Climate Finance Does Not Become Climate Debt

As COP31 opens in Antalya, the central dispute is whether wealthy countries that benefited from fossil fuels will provide climate finance as grants or continue to rely on loans. Although international climate funding has reached record levels, its heavy reliance on debt can leave vulnerable countries bearing repayment costs for measures whose benefits are shared globally.

Economist: Strengthening Workers’ Rights Could Boost Investor Confidence

Indef economist Rizal says stronger worker protections could improve investor confidence if they foster stable, productive industrial relations, but warns that higher labour costs without matching productivity gains may undermine investment and formal job creation. Indonesia’s new Employment Protection Law comprises 313 articles and covers worker rights, wages, industrial relations and other employment matters.

China and Poland Stockpile Tonnes of Gold as Russia Sells Down Its Reserves

Central banks reported net gold purchases of 61 tonnes in September 2026, the highest monthly total of the year, led by Poland and China. Russia moved in the opposite direction, while the World Gold Council says long-term diversification and risk management continue to underpin central-bank demand despite price volatility.

NTB Provincial Government Highlights Urgency of Designating Saleh Bay a National Strategic Area

West Nusa Tenggara (NTB) says the proposed designation of Saleh Bay as a National Strategic Area should be assessed alongside existing environmental protections, including its UNESCO Biosphere Reserve status and four provincial marine conservation areas. The province is calling for clear divisions of authority and management arrangements to ensure the designation strengthens conservation without creating bureaucratic overlap or delaying development programmes.

PASTI Task Force Cracks Down on Illegal Investment Schemes, Blocks 16 Entities

Indonesia’s Illegal Financial Activities Eradication Task Force (PASTI) has halted 16 entities suspected of running investment scams and blocked their websites and applications. The alleged schemes ranged from task-based deposits and recruitment schemes to unlicensed financial product offers and impersonation of legitimate companies; the task force says none had the required Indonesian registrations or regulatory approvals.

Indonesia and Japan Strengthen Forestry Carbon Cooperation at COP31

Indonesia and Japan are deepening forestry carbon cooperation through the Joint Crediting Mechanism (JCM), with a focus on high-integrity projects that restore ecosystems and benefit local communities. Indonesia presented four priorities covering 12 million hectares of degraded land, 50 million hectares of forest protection, social forestry and customary forests, while seeking to connect its nature-based carbon credits with Japan’s demand under its emissions trading system.

Eight Karawang Police Officers Investigated over Release of Suspected Illegal Medicine Dealer, Including Narcotics Chief

West Java Police chief Hengki says eight Karawang police officers are being investigated by the police internal affairs unit over the alleged release of a suspect in a case involving the sale and distribution of certain restricted medicines. Those detained include the Karawang Narcotics Unit chief, two other officers, a unit head and six investigators; disciplinary and ethics proceedings are under way.

Ahead of the Borobudur Marathon, IDM invites participants to join Shake Out Run

InJourney Destination Management (IDM) will hold a series of pre-event activities for the 2026 Borobudur Marathon, including a three-kilometre Shake Out Run, carbo-loading and a yoga and soundbath session. The programme is intended to help runners prepare while offering them a closer experience of Borobudur’s cultural setting.

China Denies Involvement in Espionage Allegations Involving Nvidia CEO

China has rejected allegations that it was involved in an alleged espionage case linked to Nvidia chief executive Jensen Huang, calling them baseless. The claims reportedly emerged after Nvidia conducted an internal investigation into Huang’s admitted affair with a former chip-company executive whom US authorities allege was recruited by Chinese intelligence.

US Deputy Secretary of State Visits Indonesia, Singapore and Japan to Strengthen Technology Partnerships

US Deputy Secretary of State for Economic Affairs Jacob S. Helberg visited Indonesia, Singapore and Japan from 28 October to 7 November to deepen technology and industrial partnerships across the Indo-Pacific. In Indonesia, discussions included potential commercial deals worth more than US$2 billion in energy and information and communications technology, alongside cooperation on trade, investment and secure supply chains.

Palace’s Full Statement on Gibran’s Request to Resign

State Secretary Prasetyo Hadi said Vice-President Gibran Rakabuming Raka told President Prabowo Subianto he intended to resign amid controversy over court rulings concerning his education credentials. Prasetyo denied reports that Prabowo rejected the request, saying the President offered advice while Gibran sought time to establish the validity of his documents through the Administrative Court; political pressure is also building in the House of Representatives.

Gibran Tells Prabowo He Intends to Resign as Vice-President; Palace Says President Offered Advice, Not Rejection

Vice-President Gibran Rakabuming told President Prabowo Subianto he intended to resign amid controversy over court decisions concerning the validity of his diploma, according to State Secretary Prasetyo Hadi. The Palace says Prabowo did not reject the proposal; Gibran instead asked for time to prove the authenticity of his documents through proceedings in the State Administrative Court.