Indonesian Political, Business & Finance News

Archive: 10 November 2026

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Nan T. Achnas casts women as successors to family legacies

Director Nan T. Achnas says her latest film, “Yang Datang dan Yang Pergi”, challenges patriarchal traditions by portraying a woman as the bearer of a family’s legacy. The film also reflects her longstanding interest in women’s experiences and leadership, and is scheduled to open in cinemas on 3 December 2026.

KH Yusuf Hasyim Named National Hero; Gus Irfan: ‘Father, Today the State Pays Tribute’

President Prabowo Subianto has posthumously named KH Yusuf Hasyim a National Hero, one of 19 figures honoured on National Heroes Day 2026. His son, Minister of Hajj and Umrah Mochammad Irfan Yusuf, said the award recognises his father’s fight for independence and decades of service through education and the Tebuireng pesantren.

Eko Suwanto Urges DPR to Exercise Right to Express an Opinion on Gibran

Eko Suwanto says Supreme Court and Constitutional Court rulings concerning Vice-President Gibran Rakabuming Raka’s education credentials provide grounds for the DPR to exercise its constitutional right to express an opinion. He argues that a firm legislative response is needed to address public concerns and restore trust in state institutions.

On Heroes’ Day, Taj Yasin Calls for Action to Help Children Who Have Dropped Out of School

Central Java Deputy Governor Taj Yasin Maimoen used a Heroes’ Day flag procession in Semarang to call on residents to help children who have left school return to education. The event, attended by up to 7,000 people and featuring 2,026 portraits of national heroes, also set a record recognised by Leprid and promoted national unity.

Constitutional Law Professor: Gibran Cannot Seek Judicial Review of Supreme Court Ruling

Constitutional law professor Susi Dwi Harijanti says the Ministry of Primary and Secondary Education cannot seek a judicial review of a final administrative court ruling, citing a 2024 Constitutional Court decision. Her comments challenge Vice-President Gibran Rakabuming Raka’s reported plan to coordinate with the ministry over a Supreme Court ruling concerning his education documents.

IDX changes HSC methodology, expanding list of stocks to 383

The Indonesia Stock Exchange (IDX) has expanded its High Shareholding Concentration (HSC) list from 83 to 383 stocks after revising how it identifies concentrated ownership. The new methodology removes market-capitalisation and price-impact-ratio thresholds, instead focusing directly on the level of shareholding concentration.

Jakarta Improves Pavements and Widens Road near ITC Fatmawati

Jakarta’s Bina Marga Agency is upgrading pavements and widening Jalan Sawo near ITC Fatmawati, with utility poles in the roadway still requiring relocation. Officials say work is being coordinated with utility network owners to maintain public services and improve road safety, following reports that the poles have contributed to accidents and traffic congestion.

Space Debris Is Building Up, and People Are Beginning to Feel the Consequences

Millions of pieces of space debris are orbiting Earth, threatening satellites and disrupting services that depend on them, while plans for massive new satellite constellations could worsen the congestion. Researchers also warn that metal particles released when debris burns up may affect the ozone layer and polar climate, and are calling for active clean-up and stronger incentives for responsible disposal.

Udayana Park Traders’ Takings in Mataram Fall After Stabbing Incident

Traders at Udayana Park in Mataram say their takings have slumped since a fatal stabbing, with visitors staying away because of safety concerns. The city’s restriction on activity after 11 pm has also led vendors to close earlier, while local officials have urged understanding as authorities seek to restore calm.

Prabowo Awards National Hero Title to Muslim Muhammad Khalifah: His Profile

President Prabowo Subianto has posthumously honoured Muslim Muhammad Khalifah, known as Kiai Modjo, as one of 19 National Heroes recognised on Heroes’ Day 2026. A key ally of Prince Diponegoro during the Java War, Kiai Modjo was exiled to Tondano, where he and his followers helped establish the Javanese Tondano community, blending Javanese and Minahasan traditions.

CSTO Secretary-General: NATO Nuclear Weapons Deployment Threatens European Security

CSTO Secretary-General Talaatbek Masadykov warned that NATO members’ plans to deploy nuclear weapons and launch systems near the western borders of the organisation’s area of responsibility could worsen European security. He said implementation could have long-term consequences for Central and Eastern Europe.

Hanura Aims to Establish Party Branches in 7,300 Districts by Early 2027

The Hanura Party says it aims to have organisational structures in place across around 7,300 districts and sub-districts nationwide by early 2027, as it prepares for the 2029 elections. The party’s national consolidation team said it had reached South Papua, its 28th province on the tour, and stressed the importance of building a unified grassroots campaign network.

Destinations Predicted to Draw Crowds During the Christmas Holiday

Indonesia’s travel association ASITA expects popular destinations such as Bali, Yogyakarta and Bandung to attract visitors over the 2026 Christmas and 2027 New Year holiday period. It is also encouraging travellers to explore alternatives, including tourist villages, while planning ahead for rain and increased demand for travel services.

Expert offers tips for becoming everyday heroes in protecting cyber security

Cyber security expert Pratama Persadha has outlined five everyday habits people can adopt to protect themselves and others online, including enabling two-factor authentication, keeping software updated and reporting scams. The advice comes amid more than 608,000 financial scam reports and reported losses of Rp9.1 trillion submitted to the OJK’s Indonesia Anti-Scam Centre between November 2024 and June 2026.

Yusril: If Gibran Resigns, MPR Will Ask Prabowo for Two Replacement Candidates

Yusril Ihza Mahendra says that, if Vice-President Gibran Rakabuming Raka’s resignation is accepted, the MPR would formally declare the vacancy and ask President Prabowo Subianto to submit two candidates for a successor. The MPR would then hold an election within 60 days of receiving the president’s letter; Yusril also said a separate administrative court case over Gibran’s high-school certificate would serve no purpose after a final Supreme Court ruling on the same matter.

Religious Affairs Minister Backs Waqf Run 2026, Urges Public to Give to Waqf and Protect Forests

Religious Affairs Minister Nasaruddin Umar has backed the Indonesian Waqf Board’s Waqf Run 2026, which will raise donations to help restore forest areas damaged by fires. Now in its third year, the event also aims to improve waqf literacy and show that people can contribute modest sums, including Rp10,000 or Rp20,000.

IDX May Investigate More Shares Beyond CASA, FUJI and NSSS

The Indonesia Stock Exchange (IDX) expects to complete investigations into trading activity in CASA, FUJI and NSSS within 45 days, after detecting that transactions in each stock were concentrated among a relatively small number of investors. The exchange said it may examine additional issuers if its monitoring identifies similar indications, while stressing that the current notices do not constitute findings of violations.

Sugar Production Rises, Association Urges Government to Hold Back Imports

Indonesia’s sugar production is forecast to reach at least 2.8 million tonnes in 2026, potentially its highest level in about a decade. The Indonesian Sugar Association is urging the government to avoid imports that could depress prices and undermine the uptake of domestic output, as officials pursue further production growth and consumer-sugar self-sufficiency.

AI Boosts Precision and Efficiency in China’s Manufacturing Industry

AI systems are improving precision and cutting costs across Chinese manufacturing, with one Qingdao mould-maker reporting annual savings of more than 3 million yuan. The article also highlights applications in power-grid inspections and healthcare, as China seeks to extend specialised AI tools to smaller businesses and a wider range of industries.

Bobby Nasution Proposes Special Economic Zones to Boost North Sumatra’s Economy

North Sumatra Governor Bobby Nasution has proposed creating special economic zones for healthcare, tourism and food technology, alongside an industrial estate managed by the provincial government and a regional state-owned enterprise. The proposals are intended to attract investment and accelerate regional growth; the province reported investment of Rp58.5 trillion in 2025, above its Rp53.67 trillion target.

Former ABRI Commander Maraden Panggabean Named National Hero

President Prabowo Subianto has posthumously awarded former Armed Forces commander Maraden Panggabean the title of National Hero, under a decree recognising 19 figures. Panggabean held senior military and government posts, including commander of ABRI and defence and security minister, before serving as Indonesia’s first coordinating minister for political and security affairs.

PFI Holds Photo Exhibition at AHC to Commemorate Journalists Who Died in the Line of Duty

The Indonesian Photojournalists Association (PFI) has opened an exhibition at Antara Heritage Center honouring journalists and crew members who went missing while reporting on the September 2026 eruption of Mount Anak Krakatau. Speakers said the exhibition recognises the risks and sacrifices involved in field reporting, while stressing that no journalistic work is worth a life.

Nation Honours Suryadi Suryadarma’s Service with National Hero Title

President Prabowo Subianto has posthumously named Air Marshal (Ret) R. Suryadi Suryadarma a National Hero, recognising his role in building Indonesia’s air force and supporting the struggle to reclaim West Irian. He was honoured alongside 18 other figures under a presidential decree dated 10 November 2026.

The 10 Companies Dominating Global Technology: Their Combined Value Is 19 Times Indonesia’s GDP

The 10 largest technology companies have a combined market capitalisation of about US$27.51 trillion, nearly 19 times Indonesia’s 2025 GDP, with US firms accounting for eight of the top 10. The article also reports a sharp fall in Nvidia’s valuation amid allegations involving its chief executive, and Apple’s transition from Tim Cook to John Ternus.

Who Is Behind ‘Listyogate’?

Indonesian politicians have alleged that an illegal wiretapping operation linked to senior police officers targeted officials, party leaders, journalists and civil-society groups, with some claiming the surveillance may have served political interests. The allegations have prompted calls for investigators to identify not only those who carried out the interceptions, but also whoever ordered and benefited from them; police have not publicly confirmed the claims described in the article.

China in Talks with Russia and US on Plans for Trilateral Summit

China says it is in contact with Russia and the United States about a possible meeting between their leaders on the sidelines of the APEC summit in Shenzhen. Reports say Beijing and Washington have yet to agree on the format, with China favouring a pre-arranged scenario and the US seeking greater flexibility.

KH M. Yusuf Hasyim’s Contributions to the Struggle Earn Him National Hero Status

President Prabowo Subianto has posthumously named KH Muhammad Yusuf Hasyim a National Hero, recognising his role in the armed struggle for independence and in Islamic education. Hasyim trained santri in military skills, led the Hizbullah militia during the 10 November 1945 Battle of Surabaya, and took part in fighting the 1948 Madiun rebellion.

Danareksa Shareholders Approve Company Name Change

Shareholders of state-owned PT Danareksa have approved renaming the company PT Kawasan Industri Indonesia, reflecting a shift from a multisector holding company to a business focused on managing and developing industrial estates. The change is part of a state-owned enterprise consolidation directed by Danantara and will take effect after the Ministry of Law approves amendments to the company’s articles of association.

Six PDI-P Regional Leaders Urge Residents to Turn Waste into Income

Six regional leaders from the Indonesian Democratic Party of Struggle (PDI-P) presented local approaches that involve residents in waste sorting and return economic value to communities. Their initiatives range from household collection and school reward schemes to regulatory restrictions, with leaders arguing that public participation matters as much as infrastructure.

Japan drafts guidelines for internet use based on children’s development

A Japanese government expert panel has proposed age- and development-based guidance for parents overseeing children’s internet use, prioritising communication while respecting young people’s autonomy and privacy. The panel is also considering stronger age verification by social media operators and whether to impose age-based restrictions, with a final report expected as early as December.

ABRI Masuk Desa Pioneer M. Jusuf Awarded National Hero Title

President Prabowo Subianto has posthumously named retired General M. Jusuf a National Hero, recognising his military service and initiatives including ABRI Masuk Desa and TNI Manunggal Membangun Desa. The award was presented to his family on National Heroes Day under a 2026 presidential decree that honours him alongside 18 other figures.

PDI-P Takes Aim at Gibran: ‘What Has the Administrative Court Got to Do with It?’

PDI-P lawmaker Deddy Yevry Sitorus questioned Vice-President Gibran Rakabuming Raka’s plan to prove the validity of his school-equivalency certificate through the Administrative Court, arguing that the court cannot overturn a Supreme Court ruling. Deputy House Speaker Saan Mustopa said Gibran’s legal action could proceed alongside a proposed parliamentary political process, while Gibran said President Prabowo had advised him to pursue the case in court.

Parhan the Cat’s Adoption Drama Ends in Mediation Agreement to Return Him to Sency

Parhan, a much-loved community cat at Jakarta’s Senayan City, is due to be returned after his adoption sparked public concern over his welfare. A mediation facilitated by Jakarta’s provincial government secured an agreement for his return, with health monitoring and community support to follow.

Saudi Arabia investigates alleged dumping of Chinese and Turkish iron and steel

Saudi Arabia’s General Authority for Foreign Trade has launched an anti-dumping investigation into hot-rolled iron and steel products imported from China and Türkiye. The probe is being conducted under the kingdom’s trade remedies law, which is intended to protect domestic industry from injury caused by dumped or subsidised imports and to address surges in imports.

MUI Says LGBT Activists’ Remarks About the Police Should Be Sanctioned

The Indonesian Ulema Council (MUI) has argued that LGBT activists’ remarks during a Women’s March in Jakarta breached religious and legal norms, and called for them to face firm action. The council’s deputy secretary-general also said comparing LGBT identity with the police amounted to insulting the profession and institution, while stressing that misconduct by individual officers should not be generalised to the police as a whole.

Pekanbaru Founder Marhum Pekan Named a National Hero

President Prabowo Subianto has posthumously awarded Sultan Muhammad Ali Abdul Jalil Muazzam Syah, known as Marhum Pekan, the title of National Hero. He is one of 19 recipients in 2026 and the only figure from Riau; the honour recognises his role in the history of the Siak Sultanate and Pekanbaru.

Business Community Urges Calm over Gibran Resignation Debate

Indonesian business leaders have warned that a prolonged political conflict over Vice-President Gibran Rakabuming Raka’s reported intention to resign could undermine investor confidence, delay investment and weaken economic activity. They stressed that constitutional handling of the issue, policy continuity and legal certainty are vital, while an economist said the impact would depend on whether the debate develops into a broader institutional conflict.

How to Identify Locally Made Products in Shopping Malls

The Ministry of Industry and Hippindo are working to expand local small businesses’ access to shopping centres and modern retail chains, including by providing dedicated barcodes. Retailers have prepared about 4,100 barcodes for domestic MSME products and aim to increase this to 10,000, while the government hopes stronger retail promotion will help raise industrial capacity utilisation and create jobs.

Metro Jaya Police Praise Orderly Public Assemblies

Metro Jaya Police said 74 public-expression events in its jurisdiction concluded peacefully and in an orderly manner. The force thanked participants and security personnel, while recognising the right to express opinions and apologising to residents whose travel or activities may have been disrupted.

Elderly Man in Bali Charged with Selling Illegal Sexual Enhancement Drugs

A 60-year-old man has been charged in Bali with selling unregistered medicines, traditional remedies and supplements since 2022, allegedly making around Rp700,000. Laboratory tests found several seized products contained sildenafil, paracetamol or tramadol, prompting concerns about the health risks of unregulated products.

KB Bank Syariah Launches Online Account Opening

KB Bank Syariah has introduced digital account opening through its BISA Mobile app, initially for new customers seeking its Tabungan iB SiAga Wadiah savings product. The e-KYC process enables customers to register and verify their identities remotely, with the bank planning to extend the service to other products.

Rustini Muhaimin Hopes No Belief Groups Are Left Behind

Rustini Muhaimin Iskandar has called for equal space for all community groups, including followers of indigenous beliefs, in efforts to strengthen religious harmony. She and Cilacap’s FKUB discussed proposals to expand the forum’s institutional role and consider including belief groups in its membership, with the ideas to be raised with relevant lawmakers.

South Jakarta city government deploys heavy machinery to deal with landslide in Bangka

South Jakarta authorities are deploying heavy machinery to clear a landslide that has blocked residents’ access on Kemang Selatan X in Bangka. No casualties have been reported, while officials are coordinating with the contractor responsible for the parking area above the site and taking steps to limit further rainwater exposure.

Implementation of groundwater-free zone regulation deemed inadequate

A Jakarta community group says the 2021 gubernatorial regulation establishing groundwater-free zones has not effectively curbed groundwater use, which contributes to land subsidence. Officials say a replacement regulation is being harmonised and would phase in restrictions in areas with piped-water access, while PAM JAYA stresses that network expansion and greater production capacity are essential to encourage residents and businesses to switch.

Danareksa Officially Changes Its Name to PT Kawasan Industri Indonesia

Danareksa has received shareholder approval to change its name to PT Kawasan Industri Indonesia as it shifts from a multi-sector state-owned holding company to one focused on industrial estates. The reorganisation is intended to integrate estate management, attract investment and support downstreaming, although the new name will take effect only after approval from the Minister of Law.

Darul Maarif Mosque Attacker Asked to Leave the Neighbourhood if Released

A neighbourhood leader in East Jakarta says the suspect in an attack on Darul Maarif Mosque should not return to live nearby if released from detention, citing worshippers’ trauma and residents’ concerns about safety. He said the request followed a meeting with local officials and residents, while emphasising that the area has generally maintained peaceful relations across religious communities.

Bank Owner Accused of Stealing Rp7 Trillion from His Own Vault

Serbian authorities have detained Alta Bank owner Davor Macura over the alleged embezzlement of 45 billion dinars (about Rp7.1 trillion), as the central bank revokes the lender’s licence and begins bankruptcy proceedings. The collapse has triggered depositor concern and regulatory action in neighbouring North Macedonia and Montenegro, while prompting criticism of the authorities’ response and scrutiny of the bank’s political ties.

Puan Maharani Chairs Plenary Session Opening the DPR Sitting Period

DPR Speaker Puan Maharani opened the second sitting period of the 2026–2027 session, with 403 lawmakers physically attending and 11 recorded as excused. She urged MPs to pursue constituency concerns and highlighted the legislative agenda, democratic integrity and oversight priorities including social assistance, child bullying, forest fires and national energy security.

The Prophet Muhammad Never Forgot to Give Thanks, Even Though Allah Had Assured Him of Forgiveness — What About Us?

The article presents the Prophet Muhammad’s prolonged night prayers as an expression of gratitude to Allah, despite his being assured of forgiveness. Citing reports from Aisha and Mughirah ibn Shu‘bah, it also describes prostration as a powerful expression of worship, humility and love for God.

Jakarta Police: 74 Public Assemblies Held Peacefully

Jakarta Metro Police said 74 public assemblies in its jurisdiction on Tuesday concluded safely and peacefully. The force praised participants and joint security personnel, while apologising to residents whose travel or activities were disrupted.