Indonesian Political, Business & Finance News

Archive: 12 November 2026

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Subhan Palal, Plaintiff in Gibran’s Diploma Equivalency Case, Responds to His Resignation: ‘Nothing to Applaud’

Subhan Palal welcomed Gibran Rakabuming Raka’s reported resignation as vice-president, but said it did not deserve praise because he had called for Gibran to step down since August 2025. The Supreme Court upheld a challenge to the validity of the high-school education equivalency certificate used in Gibran’s 2024 vice-presidential candidacy, while Palal has also filed an ethics complaint against the General Elections Commission (KPU).

Domestic Investment Dominates Banten’s Third-Quarter 2026 Investment, Reaching Rp18.89 Trillion

Domestic investment accounted for Rp18.89 trillion, or about 71% of Banten’s total investment of Rp26.63 trillion in the third quarter of 2026, surpassing foreign investment. However, the quarterly total fell 13.68% year on year; investment for January to September reached Rp92.88 trillion, with foreign investment still leading cumulatively.

MPR must elect successor following VP Gibran's resignation: Yusril

Yusril says the MPR must elect a successor if Vice President Gibran Rakabuming Raka resigns, under the procedure set out in Article 8(2) of the 1945 Constitution. The President would nominate two candidates, and the MPR must choose one within 60 days; the KPU has no role in the process.

Indonesia Takes Forest and Land Fire-Control Solutions to ASEAN and UN Forums

Indonesia has presented an integrated package to tackle forest and land fires at the 49th ASEAN Summit and the UN climate conference COP31, including firefighting, prevention, satellite monitoring, law enforcement and long-term ecosystem restoration. It is also urging ASEAN members to ratify the agreement establishing a regional haze-control centre, while promoting conservation finance and bilateral cooperation with Singapore.

Kemenuh Residents Flock to Gianyar Low-Cost Market Ahead of Tumpek Landep

Gianyar’s Industry and Trade Office and Regional Inflation Control Team held a low-cost market in Kemenuh ahead of the Hindu festival of Tumpek Landep, drawing residents seeking cheaper essential goods and ceremonial supplies. The local government said the initiative is intended to help keep prices stable, ease household costs and protect residents’ purchasing power.

Industry in eastern Indonesia posts positive growth, says Industry Ministry

The Industry Ministry says the value of manufacturing output across four eastern Indonesian provinces more than doubled between 2021 and 2025, with North Maluku recording particularly rapid growth. It attributes the expansion largely to mineral downstreaming and natural-resource processing, while calling for stronger local value chains and broader participation by small businesses and communities.

Judging Concludes as TASPEN Journalism Awards Head for Grand Awards Night

Judging for the 2026 TASPEN Journalism Awards concluded on 4–5 November, with 320 entries submitted across categories for journalists, the public and civil servants. Winners will be announced at an awards night on 13 November, with trophies, certificates and cash prizes of up to Rp7 million; judges praised entries that combined field reporting, human stories and creative storytelling.

Police Chief Suyudi Details Timeline and Alleged Methods in Listyo and Others’ Tapping of Prabowo

National Police Chief Suyudi Ario Seto has outlined allegations that former police officials ordered unlawful wiretapping of President Prabowo Subianto and others between 2025 and 2026. The investigation alleges that targets were entered into surveillance systems without required authorisation, results were reported up the chain of command, and records were later deleted; the claims remain subject to proof in the investigation.

Government gathers market players’ proposals to raise listed companies’ valuations

The government is seeking real-sector policy proposals from capital-market participants to help increase the value of companies listed in Indonesia. Suggestions include tax and import-duty policies and green-energy development, alongside corporate-governance reforms, more efficient use of capital and measures to deepen the market.

Daop 2 Offers 30% Discounts on 17 Train Services Over Christmas and New Year

KAI’s Daop 2 Bandung is offering a 30% fare discount on 17 commercial economy train services during the Christmas and New Year holiday period. Tickets are available through official sales channels from 7 November 2026 to 4 January 2027 for journeys between 22 December 2026 and 4 January 2027, as part of efforts to encourage rail travel during the year-end holidays.

Indonesia launches provincial forestry carbon trading at COP31

Indonesia has registered a TREES Concept covering about 38.6 million hectares of forest across nine provinces, aiming to expand carbon-based climate financing. The provinces will pursue emissions-reduction or High Forest, Low Deforestation pathways, with preparation and verification coordinated by national authorities and safeguards against double counting; the launch follows the introduction of the CarbonNex platform for linking domestic projects with global buyers and investors.

MP: Do Not Leave Madrasahs Behind in the Digital Transformation

House of Representatives Commission VIII member Hetifah Sjaifudian has urged the government to ensure that digital education reforms include madrasahs, which she says lag behind general schools in technology-based learning facilities. She warned that uneven access to equipment such as digital interactive boards could widen inequalities among educational institutions and called for fairer distribution of support.

Constitutional Court corrects wording of Article 215 of the National Criminal Procedure Code

The Constitutional Court has partly granted a petition challenging Article 215 of the 2025 National Criminal Procedure Code, ruling that the word “Expert” in the phrase “Witness Expert” is unconstitutional and must be removed. The provision will therefore prohibit leading questions to witnesses and defendants, resolving ambiguity over whether ordinary witnesses were protected.

Sidrap’s Solar-Powered Irrigation Initiative Reaches Top Five in Bappenas I-SIM Judging

Sidrap’s electricity-powered irrigation initiative has been named among the five leading entries in the 2026 Integrated Sustainability Indonesia Movement (I-SIM), organised by Bappenas. The regency says the programme has boosted rice output and cut farmers’ operating costs, while its presentation also highlighted economic growth and poverty-reduction efforts.

Joglosemarkerto Train Serves 1.22 Million Passengers as Central Java–DIY Mobility Grows 10.72%

KAI’s Joglosemarkerto service carried 1,226,727 passengers from January to October 2026, up 10.72% year on year, with October ridership rising 20.47%. The circular route links major cities in Central Java and Yogyakarta, reflecting growing demand for regional travel amid economic, educational and tourism activity.

BPOM Chief Respects MUI’s Vape Fatwa but Cannot Ban Its Sale

BPOM chief Taruna Ikrar says the agency respects the Indonesian Ulema Council’s ruling that vaping is forbidden, but lacks the authority to prohibit vape products outright. BPOM will continue post-market monitoring and take action against violations, particularly products used to consume narcotics or containing prohibited additives, under existing health and narcotics laws.

How AI Is Worsening Sexual Violence in the Middle East

Women across the Middle East face high levels of technology-facilitated gender-based violence, with AI making it easier to produce and distribute targeted abuse, including sexually explicit deepfakes. Weak legal protections, social stigma and conflict-related instability leave many victims with few safe avenues for reporting, while women’s activism and public participation are increasingly constrained.

Creative Economy Ministry helps Yoboi culinary MSMEs prepare for financing

The Creative Economy Ministry is training 50 culinary entrepreneurs from Kampung Yoboi and nearby areas to strengthen their financial records, business management and digital marketing. The programme aims to make their businesses more bankable, expand market access and turn local cultural and natural assets into economic value, in line with a national poverty-reduction initiative.

Removed from the MSCI Index: What Lies Ahead for BRPT, RAJA and WIFI Shares?

MSCI’s November 2026 review removed BRPT and BRMS from its Global Standard Indexes, while seven other Indonesian shares were dropped from the Small Cap index; BRMS moved into Small Cap and no stocks were added to Standard. Trading was mixed among the affected shares, even as the Jakarta Composite Index rose 2.66% to 5,250.90, led by gains in energy and consumer sectors.

From 9,039 Tonnes of Sugar in 1870, KAI Continues to Move Plantation Produce, Reaching 525,000 Tonnes in 2026

KAI transported 525,348 tonnes of plantation commodities between January and October 2026, up 12.09% from the same period a year earlier, with modern shipments largely serving the palm oil industry. The growth reflects the railway’s long-standing role in moving agricultural goods, dating back to sugar, coffee, tobacco and indigo shipments in the nineteenth century.

Indonesia urges investors not to panic amid Gibran’s resignation

Deputy Coordinating Minister for Economic Affairs Dradjad Hari Wibowo said political developments surrounding Vice-President Gibran’s resignation could cause brief market reactions but would not weaken Indonesia’s economic fundamentals. He pointed to reforms at the Indonesia Stock Exchange and the Financial Services Authority, robust household consumption growth and 13.7 million new retail investors as signs of resilience, while warning investors against waiting too long to act.

Pertamina Allocates 75% of Capital Expenditure to Upstream Oil and Gas

Pertamina is directing about 75% of its capital expenditure to upstream oil and gas, aiming to raise domestic output and support Indonesia’s target of producing one million barrels of oil a day by 2030. Its plans combine domestic exploration and enhanced recovery with overseas acquisitions, including a new Algerian stake expected to provide at least 30,000 barrels per day from early 2027.

Bayer Expands Nutrition Education, Reaching 6,000 Pregnant Women in Farming Communities

Bayer Indonesia is expanding a community-based pregnancy nutrition programme, aiming to reach 6,000 pregnant women across six locations in West and Central Java. Delivered with NGO reach52 and local midwives and health cadres, the initiative covers maternal nutrition, antenatal care and multiple micronutrient supplementation, amid persistent anaemia and stunting challenges.

Bareskrim Uncovers Another Human Trafficking Scheme Recruiting Mercenaries for Russia; Three Recruiters Arrested

Indonesia’s National Police Criminal Investigation Agency (Bareskrim) has arrested three people accused of recruiting Indonesians for mercenary work in Russia under false job offers. Seven people were recruited in the latest cases, four of whom were sent to Russia, while three were stopped before departure; the investigation adds to a wider series in which authorities say 58 Indonesians have been victimised.

Gibran Apologises as He Embraces Prabowo at State Palace

Gibran Rakabuming Raka apologised to President Prabowo Subianto during an embrace after Prabowo said he had accepted Gibran’s resignation as vice-president. The MPR says the office is now vacant and will ask Prabowo to submit two vice-presidential candidates, with up to 60 days to fill the post.

JCI closes Thursday up 2.66% amid political developments

The Jakarta Composite Index (JCI) rose 2.66% to 5,250.90, with analysts attributing the gain partly to easing concerns over domestic political tensions and food prices. The rally came despite a weaker rupiah and MSCI index rebalancing that could trigger foreign outflows; all sectors advanced, led by industrial stocks.

Megawati Says Bantar Gebang Could Receive Sorted Waste

Megawati Soekarnoputri says Bantar Gebang could become a destination for waste that has been sorted, as part of an integrated waste-management system from households to final disposal. She urged residents to sort rubbish at home, saying this could improve urban cleanliness and create opportunities to raise the welfare of waste pickers.

Aceh Issues Yellow Alert with Emergency Preparedness Status: BNPB Explains and Warns

Aceh has declared an emergency disaster preparedness status from 11 November 2026 to 31 January 2027, in anticipation of flooding and extreme weather during the seasonal transition. BNPB says the designation is an early-warning measure, not an indication that the province is already experiencing a major disaster, and urges residents to prepare for floods and landslides.

P2MI Minister and Central Java Governor Sign MoU to Protect Migrant Workers

Indonesia’s Migrant Worker Protection Minister Mukhtarudin and Central Java Governor Ahmad Luthfi have signed an agreement to strengthen migrant worker placement, protection and empowerment. The partnership includes skills training through the SMK Go Global programme and aims to expand safe migration services, with Central Java accounting for about 20.85% of nationally facilitated placements.

Deputy Minister Urges University Consortiums to Address Community Challenges

Deputy Higher Education, Science and Technology Minister Fauzan has called on universities to form consortiums, pooling expertise and research to address local social and development issues. He cited disparities in university quality and the number of unemployed graduates, and pointed to the Gentaskin programme in East Nusa Tenggara as an example of collaboration involving campuses, local government and businesses to tackle stunting and poverty.

Indonesia launches six initiatives to transform higher education

Indonesia’s Ministry of Higher Education launched six initiatives at the 2026 Indonesian Higher Education Summit, covering digital maturity, responsible generative AI, university hospitals, technology and innovation, science and technology talent, and scholarship access. The programmes aim to strengthen university governance, technology use, talent development, and the quality of education and research for public benefit.

FFI reveals role of state budget and private sector in futsal success

The Indonesian Futsal Federation says public funding, alongside private-sector support, has helped drive recent national-team achievements. Government allocations supported training and competition, including the men’s SEA Games gold and women’s silver, while the federation says some expenses are still awaiting reimbursement and that its accounts are reported publicly.

Police Vow Tough Action Against Criminals in Bandung

Bandung police chief Imran Amri says officers will use firm and measured action against criminals who resist arrest, particularly motorcycle thieves. Police say they have arrested eight suspects in six reported vehicle-theft cases over the past two weeks, recovered vehicles and tools, and are searching for two more suspects.

UKI Graduates Urged to Build Skills to Meet the Challenges of AI

Universitas Kristen Indonesia (UKI) Rector Angel Damayanti urged graduates to keep learning, adapting and innovating as artificial intelligence and other technologies reshape the world. She also stressed that academic and professional skills must be matched by integrity, strong character and a commitment to serving society.

10 Interesting Facts About Gibran, No. 7 Is Not Widely Known

Gibran Rakabuming Raka’s path has taken him from building food businesses in Solo to becoming Indonesia’s youngest-ever vice-president. The article recounts his education, entrepreneurial ventures and political rise, against the backdrop of his reported resignation from the vice-presidency.

Judge Rejects Challenge; Silmy Karim Says, ‘I Have Done All I Could’

Former Deputy Minister of Immigration and Corrections Silmy Karim said he had made every effort after judges rejected his challenge in a case involving alleged extortion and gratification. He is accused of extorting Rp168.92 billion and receiving Rp33.94 billion in gratification linked to immigration permits, allegations he denies by pointing to the digitalisation of immigration services.

Bareskrim Uncovers Human Trafficking Case to China Using ‘Mail-Order Bride’ Scheme

Indonesia’s National Police criminal investigation agency has uncovered an alleged trafficking network that recruited three women for marriages with Chinese nationals, with suspects accused of falsifying the victims’ ages. Investigators say the women were promised payments and that their photographs were marketed to agents in China, with each victim allegedly valued at up to Rp500 million; immigration officers stopped their departure via Jakarta and Hong Kong.

Social Affairs Minister Inaugurates 2,394 New People’s School Teachers, Stresses Integrity

Social Affairs Minister Saifullah Yusuf has inaugurated 2,394 new teachers for the People’s Schools programme, urging them to uphold integrity and take their responsibility for educating children from disadvantaged backgrounds seriously. He warned that staff found to have committed any of the three major violations in education would be dismissed, citing several dismissals over the past year.

KCIC Marks Heroes’ Day on Whoosh, Launches Special-Edition Card

KCIC marked Heroes’ Day with a moment of silence aboard a Whoosh high-speed train and issued 500 special-edition Frequent Whoosher Cards featuring national heroes. The 10-trip Premium Economy cards, available for Jakarta–Bandung travel, reflect the growing uptake of the subscription product, with 58,194 cards issued by October 2026.

Domestic Politics Is ‘Lukewarm’, Airlangga Says Economy Remains Positive

Coordinating Economic Affairs Minister Airlangga Hartarto said Indonesia’s economic fundamentals remained relatively strong despite volatile markets, geopolitical tensions and unsettled domestic politics. He cited 5.47 per cent year-on-year growth in the third quarter of 2026 and investment of Rp528.7 trillion, while expressing confidence that full-year growth would meet the 5.4 per cent target.

Former Bima City Police Chief and Methamphetamine Dealer Koh Erwin Face Life in Prison

Prosecutors have sought life imprisonment and a Rp1 billion fine for former Bima City Police Chief Didik Putra Kuncoro and alleged methamphetamine dealer Erwin Iskandar, known as Koh Erwin, over a jointly planned drug-distribution scheme. The same penalties have been sought for two alleged accomplices; the defendants have a week to present their pleas before the court issues its verdict next week.

Jensen Huang’s Alleged Mistress Smuggled 240,000 Nvidia Chips into China

Reports allege that Alice Huang, said to be involved in an affair with Nvidia chief executive Jensen Huang, helped smuggle an estimated 240,000 restricted Nvidia chips into China and secure AI hardware worth US$7.5 billion. The claims, which include alleged use of her connection to Huang to obtain supplies, have prompted Nvidia’s board to launch an internal investigation after Huang reportedly acknowledged the affair.

Ministry urges campus research that benefits society

Indonesia’s Ministry of Higher Education, Science and Technology is urging universities to turn research into practical solutions for communities, supported by seven science and technology programmes. Officials said funding and development policies apply equally to state and private universities, while outreach aims to help researchers align proposals with programme criteria and public needs.

Dradjad Tells Foreign Investors Government Is Serious About Reforming the Stock Exchange

Deputy Coordinating Minister for Economic Affairs Dradjad Hari Wibowo says the government is committed to substantive financial-market reforms to improve the stock exchange and protect investments held by more than 34 million Indonesians. The three priorities are raising the value of listed companies, speeding up regulatory decisions on suspected market irregularities and improving investor education and communication.

Government supports comprehensive recovery of disaster-hit tourist areas

The Tourism Ministry is coordinating a comprehensive recovery of tourism areas damaged by natural disasters in Aceh, North Sumatra and West Sumatra, including support for affected tourism businesses and infrastructure. Of 67 affected destinations, 47 have been prioritised for government assistance in the 2026 budget year; recovery status will depend on verified infrastructure safety and essential services, not merely reopening.

Prabowo praises Gibran’s resignation as a statesmanlike move

President Prabowo Subianto praised Gibran’s decision to resign as vice-president, describing it as courageous and responsible, while expressing regret and respect for the choice. He said the resignation stemmed from concerns about Gibran’s eligibility under Indonesia’s constitutional framework and highlighted Gibran’s work visiting 35 provinces and 149 districts and cities to review government projects.

How the Vice-President Will Be Chosen After Gibran Resigns

Following Gibran Rakabuming Raka’s resignation, the vice-presidential office is vacant and President Prabowo Subianto may nominate two candidates for the MPR to choose from. The Constitution requires the MPR to hold a vote within 60 days, while legislation sets out the nomination timetable and procedures, including a tie-break process.

Women’s Ministry Ensures Support for Toddler Allegedly Abused in West Kalimantan

Indonesia’s Ministry of Women’s Empowerment and Child Protection says a four-year-old allegedly abused by her mother in Ketapang will receive protection, psychological assistance and recovery support. Local authorities will assess the child’s physical and psychological condition, while the ministry has urged the public not to share identifying information that could cause stigma or further harm.

Child’s Phone Snatched While He Was Lying Outside a Shop in South Jakarta

A child’s mobile phone was stolen by a motorbike-riding robber while the child was lying on a bench outside a shop in Jagakarsa, South Jakarta. Police are investigating the incident, which took place on Wednesday, 11 November.

Gibran’s Diploma Equivalency Certificate Revoked, PTUN Judge Dismisses Lawsuit

The Education Ministry has submitted its decision revoking Gibran Rakabuming Raka’s diploma-equivalency certificate to the Administrative Court, following a Supreme Court ruling that annulled it. With the challenged document withdrawn, the court declared the lawsuit moot, and Deputy Minister Atip Latipulhayat said the certificate’s legal status could no longer be challenged through further legal action.