Indonesian Political, Business & Finance News

Archive: 10 November 2026

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Gibran’s Fate in the Hands of Parliament—or His Own?

Some lawmakers are considering using Parliament’s Right to Express an Opinion to address questions over Vice-President Gibran Rakabuming Raka’s high-school diploma and his position following a Supreme Court ruling. The article also previews unrelated segments of a television programme on a former SPPG volunteer’s death and the preservation of Mandar’s traditional Sandeq sailing boats; these programme listings are not part of the central political report.

Paul McCartney Ranks as the World’s Third-Richest Musician

Forbes estimates Paul McCartney’s fortune at US$1.4 billion, making him the world’s third-richest musician, behind Jay-Z and Taylor Swift. His wealth is built chiefly on music publishing and Beatles-related income, alongside touring, property and art; he remains active, releasing a solo album in May 2026.

Erdogan Announces Two New Oil Fields with Reserves of 135 Million Barrels

Turkish President Recep Tayyip Erdogan says two newly discovered fields in the Gabar region are estimated to hold 135 million barrels of oil. The expansion is expected to raise local daily output by up to 30 per cent, support Turkey’s current-account balance and contribute US$4.4 billion to the economy.

Market assessment of energy-efficiency business opportunities in Indonesia

Indonesia’s energy-intensive commercial and industrial sectors offer significant scope for energy-efficiency investment, which could support decarbonisation, lower costs and green growth. The assessment estimates that more than 871,000 SMEs operate in energy-intensive activities and examines hotels, shopping malls, hospitals and manufacturing as representative, bankable market segments, highlighting opportunities across businesses of all sizes.

Alice Huang’s Background: Nvidia CEO’s Alleged Lover Suspected of Being a Chinese Spy

Nvidia CEO Jensen Huang has acknowledged an inappropriate relationship with Alice Huang, while US officials are reportedly examining allegations that she worked for China’s Ministry of State Security and sought sensitive information about AI chips. The investigation also focuses on her company, Megaspeed, which faces scrutiny over alleged hardware smuggling to China and its extensive Nvidia-related imports and business ties.

BEM Nusantara: Wiretapping Case an Opportunity to Strengthen Cyber Resilience

BEM Nusantara says the alleged illegal wiretapping of President Prabowo Subianto should prompt stronger legal safeguards and national cyber resilience. The student group has called for a transparent investigation, including a cross-agency team, and says anyone found responsible should face fair legal proceedings.

Investigation into Alleged Umrah Fraud Involving 58 Sumbawa Pilgrims Escalated

West Nusa Tenggara Police have escalated their investigation into an alleged fraud scheme involving 58 Umrah pilgrims from Sumbawa, who were taken to Jakarta but never travelled on to Saudi Arabia. Police say two travel companies involved lacked the required Umrah travel organiser licences, and each victim is believed to have lost around Rp30 million.

Poster Urging Gibran to Resign or Be Removed Appears After DPR Plenary Session

PKS lawmaker Yanuar Arif Wibowo displayed a poster calling on Vice-President Gibran Rakabuming Raka to resign or be removed after a plenary session at the parliamentary complex in Jakarta. The poster referred to Constitutional Court and Supreme Court decisions concerning the diploma requirement for presidential election candidates in 2024.

Special Autonomy Funds in Highland Papua to Build Boarding School for Scholarship Candidates

Highland Papua is using special autonomy (Otsus) education funds to establish the Baliem Global Training Centre, a boarding school preparing secondary-school graduates for scholarship programmes at universities in Indonesia and abroad. Construction has received Rp27 billion since 2025, and the centre is expected to begin operating in 2027, with Otsus scholarship graduates also slated to work as teachers.

Deputy Minister Todotua assures investment desks will not overlap with other agencies

Deputy Investment and Downstreaming Minister Todotua Pasaribu says investment desks are intended to strengthen coordination, not take over the powers of ministries or regional investment offices. The government has designated six locations for the desks, with three already operational, including the newly launched facility in Medan, which will help resolve investor obstacles and monitor licensing compliance.

100 Sekolah Rakyat Pupils Join Heroes’ Day Wreath-Laying Ceremony in Jakarta Bay

One hundred pupils from Jakarta’s Integrated Sekolah Rakyat 4 marked Heroes’ Day by joining a wreath-laying ceremony at sea aboard the Indonesian Navy ship KRI Sriwijaya-100. The event, led by Coordinating Minister for Political and Security Affairs Dudung Abdurachman, honoured fallen national heroes and gave many of the students their first experience aboard a warship.

Flooding Hits Pidie Jaya and South-west Aceh

Heavy rain triggered flooding in Pidie Jaya and South-west Aceh, inundating homes and disrupting traffic on the Banda Aceh–Medan national road. Ten families have taken shelter in Pidie Jaya, where the local government has declared a 14-day emergency response period; around 10 homes were also affected in South-west Aceh.

KPK Questions Nine Land Office Chiefs in ATR/BPN Bribery Case, Probes Alleged Payments

Indonesia’s Corruption Eradication Commission (KPK) has summoned nine land office chiefs, eight of them from East Java, to investigate alleged payments to officials at the Ministry of Agrarian Affairs and Spatial Planning/National Land Agency (ATR/BPN). Investigators will also ask about recent searches at several land offices; the wider case includes eight suspects and allegations involving land-service bribery and the buying and selling of posts.

Bank BJB Wins Outstanding Regional Economic Development Award

Bank BJB received the Outstanding Regional Economic Development Award at the Road to CNBC Indonesia Awards 2026 ‘Best Banks’, recognising its contribution to regional development. Consumer lending remains the bank’s main credit portfolio, while it is diversifying growth through selective financing for local governments and improved credit processes.

PKS: It Would Be Better for Gibran to Resign; Otherwise, Proceedings in the DPR Will Go Ahead

PKS secretary-general Muhammad Kholid said Vice-President Gibran Rakabuming Raka should resign, but that constitutional proceedings in the House of Representatives (DPR) would proceed if he does not. PKS considers the right to express an opinion (HMP) the most appropriate parliamentary mechanism and is consulting with other parties as the matter awaits discussion by DPR leaders.

Task Force Shuts Down 16 Illegal Financial Entities in Indonesia

Indonesia’s Task Force for the Eradication of Illegal Financial Activities (Satgas PASTI) has halted 16 entities suspected of operating without proper legal status or regulatory licences, citing schemes ranging from paid tasks and recruitment to investment offers using impersonated brands and AI-generated endorsements. Authorities have blocked related apps and website links, while warning the public against implausibly high returns; the OJK’s anti-scam centre has separately frozen hundreds of thousands of accounts linked to fraud, holding nearly Rp967 billion by the end of October 2026.

Unpacking the Outcomes of the World Climate Conference: What Does Indonesia Stand to Gain?

As COP31 opens in Türkiye, Indonesia is seeking climate finance for its energy transition, forest protection and low-carbon development. Previous COP-related initiatives have produced substantial commitments, but much of the funding remains conditional or unspent; the article distinguishes those pledges from money actually disbursed, including REDD+ payments already reaching Indonesia.

Indonesian and Singaporean Air Forces Cooperate to Strengthen Air Combat Tactics

The Indonesian Air Force (TNI AU) and the Republic of Singapore Air Force (RSAF) held an alumni interaction in Yogyakarta to exchange expertise and strengthen air combat capabilities. Discussions included training Fighter Weapon Instructors for Weapon System Officers and jointly developing and using the Siabu Air Weapons Range, as part of broader efforts to deepen bilateral ties and regional security.

70-Year-Old Woman Murdered by Husband in Pati After Being Accused of Infidelity

A 74-year-old man allegedly killed his 70-year-old wife at their home in Sugihrejo village, Pati, after suspecting she was having an affair. Police said the couple lived alone together and that the argument began after she was not seen at a religious gathering.

Yusril Says Corporate Data Integration Will Strengthen Legal Certainty

Coordinated corporate data could improve legal certainty, public services and support for Indonesia’s economy, Coordinating Minister Yusril Ihza Mahendra said. The Ministry of Law manages more than 3.9 million corporate entities, and Yusril stressed that integration must deliver accurate, up-to-date and accountable information—not merely connect agencies or increase data exchanges.

Trump Says There Is ‘Positive Momentum’ Towards Ending US-Iran Conflict

Donald Trump said there was positive momentum towards ending the US-Iran conflict after meeting Qatar’s prime minister and foreign minister at the White House. He said regional states backed the US naval blockade and opposed Iran obtaining nuclear weapons, while warning that US forces remained ready to act; US Secretary of State Marco Rubio has said diplomacy has made little progress.

Coordinating Minister for Human Development and Culture Delivers Stationery Aid to 754 Primary Schools in Tangerang

Coordinating Minister Sugiono has distributed stationery to pupils at all 754 public primary schools in Tangerang Regency as part of a presidential programme to strengthen writing skills. The initiative aims to support children’s literacy, reasoning and motor development amid changing learning habits driven by technology.

How Bobby Nasution Cut North Sumatra’s Inflation from 4.79% to 2.71% Through Price Monitoring and Market Intervention

North Sumatra’s year-on-year inflation fell from 4.79% in June to 2.71% in September 2026, returning to the national target range. The provincial government attributes the decline to a package of 19 measures, including price and supply-chain monitoring, cheap-market programmes, market operations and efforts to boost food production and distribution.

Secret Data Leak Shows 400,000 Russian Troops Killed in Ukraine

A breach of Russia’s state statistics agency, Rosstat, reportedly exposed more than 412,000 death certificates explicitly linked to the war in Ukraine, although independent estimates put the toll higher. The leaked figures point to sharply uneven losses across Russia’s regions and emerged as Russian and Ukrainian negotiators were due to meet in Abu Dhabi for US-mediated peace talks.

MUI Declares Vaping Haram; Industry Minister Says ‘That’s Up to Them’

Indonesia’s Ulema Council (MUI) has issued a fatwa declaring the use, production and sale of e-cigarettes haram, citing health, environmental and drug-misuse concerns. Industry Minister Muhammad Sarmuji said the government respects the ruling, adding that consumer shifts are normal but his ministry has not met with vape manufacturers to discuss the industry’s challenges.

Apkasindo Prepares Oil Palm Farmers to Strengthen Early Fire Mitigation

The Indonesian Oil Palm Farmers Association (Apkasindo) is building farmers’ capacity to detect and respond to potential forest and land fires around plantations. A two-day workshop in Kendari, supported by the Plantation Fund Management Agency (BPDP), promotes early detection, preparedness and routine prevention as shared responsibilities to protect communities and the environment.

House Speaker Puan: Gibran Is Still Vice-President

House of Representatives Speaker Puan Maharani says she will not interfere in other parties’ internal affairs over calls for Vice-President Gibran Rakabuming Raka to resign. She says there has been no follow-up action in Parliament, while lawmakers from the Indonesian Democratic Party of Struggle and the Democratic Party argue that Gibran should step down amid controversy over his high-school equivalency certificate and related court rulings.

Expert Says Early Detection Strengthens Protection of Food Production

An IPB University professor says Indonesia should strengthen early detection of foreign pests and pathogens by upgrading quarantine laboratories, testing technology and inspections at entry points. He cited the rapid spread of fall armyworm as a warning, as Indonesia seeks to protect a major maize harvest from risks including plant pests and changing weather.

Assessing the Recklessness of “America First” in the Indo-Pacific

The opinion article argues that the Trump administration’s transactional “America First” approach is reshaping Indo-Pacific trade, security and financial relations, citing tariffs, defence demands and pressure on allies. It urges Indonesia to use its trade and defence partnerships to secure technology transfers while protecting its sovereignty and ASEAN’s central role.

Communications Ministry Mitigates Cyberattack Threats by Strengthening DPI

The Communications and Digital Affairs Ministry is reinforcing Deep Packet Inspection (DPI) and urging government digital service operators to strengthen monitoring and incident response amid reports of a potential rise in global cyberattacks. It has issued three advisories to government data centre and cloud users, domain administrators and private electronic system operators, while noting that the reported threat and attackers’ capabilities have not been verified.

Deputy Governor Rano Karno: Jakarta Residents Are Ready to Sort Their Waste

Jakarta Deputy Governor Rano Karno said the Pilah Olah Sampah Heroes Jakarta 2026 awards demonstrate residents’ readiness to sort and process waste, just five months after the city launched its waste-management initiative. The programme, run by the Jakarta Provincial Government, recognises individuals and influencers taking practical action to encourage environmental awareness.

Prabowo to Confer National Hero Titles on Several Figures at the Palace Today

President Prabowo Subianto is due to confer national hero titles on 19 figures at the State Palace, with their heirs arriving ahead of the ceremony. The nominees were assessed by academics and historians before being submitted to the Titles Council; the list includes Margono Djojohadikusumo, the president’s grandfather.

Eramet Says Prospective Buyers Are Lining Up for Its Weda Bay Stake

Eramet says several investors are interested in acquiring a significant portion of its minority stake in PT Weda Bay Nickel, as the French miner pursues asset sales to reduce debt. The potential divestment comes as Danantara has held discussions with Eramet and Weda Bay faces a temporary production suspension from May 2026 after Indonesia sharply cut its production quota.

KPK Summons Former Customs Official as Witness in Cargo Boss Bribery Case

The Corruption Eradication Commission (KPK) has summoned former Customs and Excise official Enov Puji Wijanarko as a witness in its investigation into alleged bribery by Blueray Cargo. The inquiry has broadened to suspected corruption involving cigarette excise stamps, with preliminary estimates putting state losses in the trillions of rupiah; eight people have been named as suspects, and several defendants have already been sentenced or are on trial.

Bank BSN Wins JMS 2026 Award to Strengthen Islamic Banking’s Reputation

PT Bank Syariah Nasional (Bank BSN) received the Best Corporate Communication in Islamic Banking award at the Jabar Media Summit 2026. The bank said its media partnerships are important to building public trust and improving understanding of Islamic banking products and services.

Indonesia Says Net-Zero Transition Must Go Hand in Hand with Climate Resilience

Indonesia says its drive towards net-zero emissions must also strengthen climate resilience, improve livelihoods and ensure an inclusive transition. At COP31, Environment Minister Mohammad Jumhur Hidayat called for climate risks to be incorporated across development planning and for coordinated action by government, business, academics and communities.

Rising Bond Yields Create Fixed-Income Opportunities, Says Eastspring Investments

Eastspring Investments Indonesia says rising bond yields in 2026 may offer investors more attractive potential returns, while bonds can provide regular coupon income and portfolio resilience amid global market uncertainty. The firm advises diversifying assets and assessing coupons, duration and yields to manage risk and identify opportunities.

Yusril Says Right of Inquiry Is Entirely Within DPR’s Authority

Coordinating Minister Yusril Ihza Mahendra says any parliamentary inquiry into the controversy over Vice-President Gibran Rakabuming Raka’s diploma is a matter solely for the House of Representatives (DPR), separate from the government. The government will monitor developments if an inquiry committee is formed, while the DPR says it will discuss the issue after its recess ends.

Profile: Commissioner-General Syahar Diantono Recalled from KSP Assignment by National Police Chief

National Police Chief Suyudi Ario Seto has recalled Commissioner-General Syahar Diantono from his assignment at the Presidential Staff Office (KSP) as part of a wider police reshuffle. Syahar, a senior detective with a long career in the force, has been reassigned to a policy-analysis post at the National Police Education and Training Institute amid an investigation into alleged illegal wiretapping of President Prabowo Subianto.

Video of Man in White Hat Assaulting Employee and Damaging Restaurant in Bogor Goes Viral

Police in Bogor are investigating a viral CCTV video showing a man in a white hat arguing with restaurant staff and allegedly assaulting an employee and damaging property. The restaurant owner reportedly said no physical violence occurred, and police are still establishing what triggered the incident.

OCBC Syariah Wins Sustainable Islamic Banking Excellence Award

OCBC Syariah received the Sustainable Islamic Banking Excellence Award at the Road to CNBC Indonesia Awards 2026, recognising its sustainability-focused Islamic banking services. The bank says its Premier Banking offering combines sharia-compliant financial products with social contribution features, including waqf, zakat and sadaqah payments.

UNM Students Seek Global Experience at INTI International University in Malaysia

Universitas Nusa Mandiri (UNM) students visited INTI International University and Colleges in Malaysia during an educational trip from 2 to 5 November 2026. The visit aimed to broaden students’ international perspectives and explore future partnerships, including student mobility, joint research and collaborative academic programmes.

Extreme Weather Damages Hundreds of Homes in Jember, Injuring Five

Extreme weather in East Java’s Jember regency damaged 237 homes and affected 237 families, with five people injured. Similar storms caused damage and displacement in Malang, Blora and Sukoharjo, underscoring the impact of severe weather across several regencies.

Mayapada Hospital Introduces Robotic Surgery Technology for Cancer Treatment

Mayapada Hospital has introduced robotic surgery as part of efforts to expand advanced cancer care in Indonesia and reduce the need for patients to seek treatment abroad. The hospital says its approach combines precision oncology, multidisciplinary tumour boards, minimally invasive robotic procedures, advanced diagnostics and patient navigation.

Investment to Reach Rp2,165 Trillion as Electric Vehicle Numbers Surge by 2035

Asian countries are expected to require nearly US$120 billion a year through 2035 to build and maintain electric-vehicle charging infrastructure, including 500 million additional charging points. The ADB projects that EV numbers in low- and middle-income Asian countries will rise from 144 million to 689 million, increasing their share of the vehicle fleet from 10% to 37%.

Switzerland Eyes Indonesian Minerals for Artificial Joints

Switzerland is exploring Indonesian mineral supplies for manufacturing artificial joints, as global producers seek to diversify sources of critical materials. Its ambassador urged businesses to make greater use of the Indonesia–EFTA Comprehensive Economic Partnership Agreement, while the two countries are also pursuing cooperation on minerals, technology transfer and sustainable supply chains.

Traffic Around Indonesia’s House of Representatives Building Remains Smooth During Protest

Traffic around the House of Representatives (DPR RI) building in Jakarta remained flowing smoothly during a demonstration, with no road closures reported as of the latest observation. Police were stationed at access points and had prepared barriers, while Jakarta’s transport agency outlined alternative routes to use if congestion develops near protest sites.

PASTI Task Force Halts 16 Entities Suspected of Investment Fraud

Indonesia’s Illegal Financial Activities Eradication Task Force (Satgas PASTI) has halted 16 entities suspected of running illegal investment schemes and blocked access to related applications and websites. The entities allegedly used deposit, task-work and referral schemes, while several falsely claimed regulatory approval or impersonated a licensed securities firm; the task force will coordinate with law enforcement on further action.

Indonesia tests PNM financing scheme with interest capped at 8 per cent

Indonesia is testing a PNM financing scheme for underprivileged women that would reduce interest rates from about 24 per cent to a maximum of 8 per cent. The government says the lower-cost capital, combined with business mentoring and stronger market and technology access, could help women-led businesses grow, while stressing that the programme must remain financially sustainable.

Türkiye warns against new attacks on Iran

President Recep Tayyip Erdoğan said Türkiye opposes any fresh military escalation against Iran and has raised his concerns with US President Donald Trump. He urged dialogue and diplomacy, warning that further conflict could destabilise the wider region and cause substantial harm beyond the Middle East.