Indonesian Political, Business & Finance News

Archive: 12 November 2026

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UNP Faculty of Economics and Business’ IDX Investment Gallery Wins Four Awards at Road to IDX Investment Gallery Awards 2026

The Indonesia Stock Exchange Investment Gallery at Padang State University’s Faculty of Economics and Business won three first-place awards and a reporting-compliance award in the West Sumatra-wide 2026 competition. The recognition highlights its investor education, securities-account growth and transaction activity, as well as its contribution to capital-market literacy and financial inclusion.

Pelita Air Chief Says Load Factor Has Risen to 88%, Explains Why

Pelita Air’s average passenger load factor rose from 77% to 88% in October, despite the airline adding flights to Surabaya and Denpasar from 28 October. Chief executive Faik Fahmi said limited flight frequency had constrained demand, and the higher occupancy suggests added services on popular routes could support further network expansion.

Indonesia Helps Shape Economic Growth Agenda at B20 Summit in the US

Indonesia took part in shaping global economic and trade priorities at the B20 Summit in Washington, DC, using the forum to strengthen links between government diplomacy and business. The B20 Leaders’ Statement sets out recommendations for G20 governments, including major electricity-grid investment, greater use of AI, higher research spending and WTO reform.

Gibran Officially Resigns; PDI-P: A Moment for National Reflection

PDI-P says Gibran Rakabuming Raka’s resignation as vice-president must not end scrutiny of the institutional processes related to his candidacy. The party has called for the episode to prompt a national review of governance, judicial independence, constitutional supremacy and democratic ethics, while the MPR says it will process Gibran’s resignation letter.

After Gibran’s Resignation as Vice-President, Government Urges Investors Not to Panic Over Political Turmoil

The government has urged investors to remain calm amid political turbulence following Vice-President Gibran Rakabuming Raka’s resignation, arguing that any market reaction is likely to be brief and will not alter Indonesia’s economic fundamentals. Deputy Coordinating Minister for Economic Affairs Dradjad Hari Wibowo also pointed to household consumption growth of 5.04 per cent in the third quarter of 2026 and the addition of 13.7 million retail investors as signs of economic resilience.

Analyst Identifies Two Indicators of Success for BKPM Investment Desk in Central Java

An economist says the Central Java investment desk’s success should be judged by growth in both new investors and realised investment, rather than by the number of permits issued. Faster licensing could reduce business costs, but its impact depends on legal certainty, financing, infrastructure and local workforce readiness.

Palace Reveals Details of Meeting Between President Prabowo and Vice-President Gibran

The Presidential Secretariat said Vice-President Gibran Rakabuming Raka met President Prabowo Subianto at Merdeka Palace and handed him a letter of resignation before submitting it to the MPR chairman. President Prabowo later met legislative leaders and ministers to discuss follow-up arrangements, including the constitutional responsibilities surrounding the vice-presidential vacancy.

Gibran Meets Prabowo Before Officially Resigning

Vice-President Gibran Rakabuming Raka met President Prabowo Subianto at Merdeka Palace before submitting his resignation to the MPR, and handed the President a letter whose contents have not been disclosed. MPR chairman Ahmad Muzani said the vice-presidential post is now vacant and that the MPR will move to fill it, with the 1945 Constitution allowing up to 60 days.

Police Visit Scene of Viral Cat-Kicking Case in Bekasi

Police have visited the scene in Babelan, Bekasi, and are investigating a man accused of kicking a kitten to death after a video of the incident went viral. An animal welfare group says it plans to file a police report, while residents have expressed concern that the man’s behaviour could pose a danger.

Three Held After Unrest in Yogyakarta; One Had Molotov Cocktail, Two Test Positive for Drugs

Three of the 157 people detained after a Heroes’ Day mass action in Yogyakarta remain in custody: one for allegedly carrying a Molotov cocktail and two after testing positive for drugs. Police say the other 154, including 22 minors, were released after questioning, while the two people who tested positive have been referred to the provincial narcotics agency for assessment and possible rehabilitation.

Health Ministry Accelerates Contact Tracing to Meet TB Case Detection Target

Indonesia has detected 666,985 tuberculosis cases by October, about 61 per cent of its 2026 target, prompting the Health Ministry to expand contact investigations and active screening. Sumedang is combining screening with free health checks and community outreach, while local officials are supporting patients through treatment and promoting preventive therapy for eligible close contacts.

Nobel laureate praises MBG programme as a foundation for Indonesia’s scientific progress

Nobel Prize-winning chemist Benjamin List said Indonesia’s Free Nutritious Meals (MBG) programme can help lay the groundwork for progress in science and technology by addressing children’s nutritional needs. He also highlighted the importance of quality schools and teachers, and said artificial intelligence could accelerate and widen access to science education, though it is unlikely to replace scientists’ imagination.

Spanish Workers Stage Mass Strike Over ‘Wages, Housing, Prices’

Workers across Spain staged a 24-hour national strike organised by the country’s two largest unions, demanding higher wages, affordable housing and measures to ease the cost-of-living burden. The action disrupted transport and led to clashes and arrests, highlighting mounting discontent over rents, housing shortages and falling purchasing power ahead of the 29 November general election.

Vice-President’s Office Officially Vacant Today

MPR Speaker Ahmad Muzani says the vice-presidency became vacant after Gibran Rakabuming Raka submitted his resignation to the legislature and President Prabowo. The MPR says it will move swiftly to fill the post, with the 1945 Constitution allowing up to 60 days for the process.

Basarnas Steps Up Readiness for Hydrometeorological Disasters at Year-End

Indonesia’s National Search and Rescue Agency (Basarnas) is increasing preparedness for potential hydrometeorological disasters as extreme weather risks rise towards the end of the year. It is prioritising busy destinations and transport hubs—including Bali, Lombok, Labuan Bajo and Lake Toba—while maintaining its broader focus on emergencies involving threats to human life.

Bali Villa Used as Base for Fake Investment Scheme; 28 Foreign Nationals Arrested

Immigration officers have detained 28 foreign nationals from Cameroon, Turkmenistan and Georgia at a villa in Badung, suspected of running a fraudulent investment operation. The group also allegedly breached Indonesian immigration rules, and all 28 are to be deported.

Gibran’s Two Start-ups Before Becoming Vice-President Once Raised Millions of US Dollars

Before entering politics, Gibran Rakabuming Raka co-founded two food and beverage start-ups, Mangkokku and Goola, which attracted substantial investment from venture capital firms. Mangkokku raised US$7 million and Goola secured US$5 million, although both businesses later faced setbacks, including the impact of the Covid-19 pandemic.

MPR Speaker: Gibran Gives No Reason for Resignation in His Letter

MPR Speaker Ahmad Muzani says Gibran Rakabuming Raka’s resignation letter does not explain why he is stepping down as vice-president, stating only that the decision was made voluntarily and in the national interest. The MPR has declared the vice-presidential post vacant and plans to hold a joint meeting with faction leaders and the DPD group to discuss the matter.

Gibran Hands Resignation Letter as Vice-President to Prabowo at the Palace

Vice-President Gibran Rakabuming Raka submitted his resignation letter to President Prabowo Subianto at the State Palace before delivering it to the MPR leadership. MPR Chair Ahmad Muzani said the legislature has up to 60 days to secure a definitive replacement, while the President must propose two candidates within 14 days of receiving the MPR’s request.

DSI’s Role as an Intermediary, Not an Offtaker, Must Be Followed by Export Rule Changes

NEXT Indonesia Center says the government should amend Government Regulation No. 24/2026 to reflect Danantara Sumber Daya Indonesia’s new role as a trading-platform intermediary rather than the sole exporter or offtaker of coal, crude palm oil and ferroalloys. It is calling for legal certainty before 1 January 2027, warning that changes to provisions on exporters, pricing, transport and insurance are needed to avoid operational disruption and safeguard exports.

Yusril: MPR to Meet Prabowo to Consult on Gibran’s Resignation

Yusril Ihza Mahendra says MPR leaders will meet President Prabowo Subianto to discuss the follow-up process after Vice-President Gibran Rakabuming Raka’s resignation, not to ask him to name a replacement. The MPR would declare the office vacant and ask the president to submit two candidates, who must be selected within 60 days under the Constitution.

MUI Formally Declares Vaping Haram: What Fatwa No. 131 of 2026 Says

The Indonesian Ulema Council (MUI) has declared the use, production and sale of e-cigarettes haram in Fatwa No. 131 of 2026, citing health and environmental risks and the potential for their misuse to consume illegal drugs. It has urged the government and parliament to enact a statutory ban, but the fatwa itself is a religious ruling and does not create a legal prohibition under Indonesian law.

Gibran’s Resignation Letter Is Just Five Paragraphs Long

Minister Yusril Ihza Mahendra says he has received a copy of Vice-President Gibran Rakabuming Raka’s resignation letter but declined to disclose its contents, describing the reasons as personal and influenced by public sentiment. MPR Speaker Ahmad Muzani says the vice-presidential post is now vacant and that the MPR has up to 60 days under the 1945 Constitution to fill it.

Indonesia Helps Shape the Direction of Economic Growth at B20 Summit in the US

Indonesia took part in shaping global economic and trade priorities at the B20 Summit in Washington, where its delegation engaged with US business leaders and discussed opportunities for trade, investment and strategic partnerships. The summit’s business recommendations include major electricity-grid investment, wider AI adoption, higher research spending and reforms to the WTO, and will be presented to G20 leaders ahead of their December meeting.

KPK Begins Calling Witnesses in Alleged Corruption Case Involving PT Djarum Excise Duties

Indonesia’s Corruption Eradication Commission (KPK) has begun summoning customs officials as witnesses in an investigation into alleged state losses involving excise duties, particularly those linked to PT Djarum. The inquiry is an expansion of a wider corruption case at the Finance Ministry’s Directorate General of Customs and Excise, with investigators examining alleged payments to officials and potential losses estimated at trillions of rupiah.

World Leaders Gather to Discuss the Planet’s Future at Climate Summit

World leaders at COP31 in Antalya have called for faster emissions cuts, greater climate finance and practical delivery of existing commitments, as global temperatures approach the Paris Agreement’s 1.5°C threshold. Their remarks highlight divisions over responsibility and funding, while new WMO data underline the urgency of action and the importance of early-warning systems.

Chinese university bought advanced Nvidia chips despite US curbs

Procurement notices show that Northwestern Polytechnical University, a Chinese institution with defence ties, bought four Nvidia H200 chips through a local supplier despite US export controls. The purchases raise questions about how restricted chips are reaching Chinese buyers amid intensifying US-China competition over AI technology.

Former Police Chief Listyo Sigit and Two Inspector Generals Held at Brimob Headquarters, While Slamet Uliandi Is Placed Under House Arrest

Former National Police information technology chief Slamet Uliandi has been placed under house arrest on health grounds, while three other generals accused in an alleged illegal surveillance case are being held at the Mobile Brigade (Brimob) detention centre. Police said the decision followed a medical examination by its health centre; four generals are now suspects in allegations including illegal interception, electronic data deletion and unauthorised access.

Corporate Bond Issuance Forecast to Reach Rp170 Trillion in 2027

PEFINDO forecasts Indonesian corporate debt issuance of Rp147 trillion to Rp189 trillion in 2027, with a midpoint of about Rp170 trillion, as Rp178 trillion in corporate debt comes due. Refinancing needs are expected to drive issuance, alongside working capital and investment demand, while market sentiment, interest rates and the rupiah will shape investor appetite.

Gerindra Respects Gibran’s Resignation as Vice-President: National Interests Come Before Office

Gerindra has praised Gibran Rakabuming Raka’s decision to resign as Vice-President, saying national interests and government stability outweigh personal ambition. The party says the resignation was discussed with President Prabowo Subianto and expects the MPR to begin the constitutional process for a successor without disrupting government programmes.

Taj Yasin Urges Students to Guard Against Exposure to Radicalism Online

Central Java Deputy Governor Taj Yasin Maimoen has urged young people to watch for extremist propaganda on digital platforms and to use social media to promote tolerance and peace. The warning follows data showing 11 children in the province were exposed to radical ideology online in 2025; the provincial government has designated 79 state senior and vocational schools as pioneers in its Sekolah Damai (Peaceful Schools) programme.

China and US foreign ministers hold phone call ahead of APEC summit

Chinese Foreign Minister Wang Yi and US Secretary of State Marco Rubio held what both sides described as positive and constructive talks ahead of next week’s APEC summit. They discussed the importance of leader-level engagement, possible trilateral talks involving Russia, and cooperation as China and the US prepare to host major international summits.

Climate Crisis Grows More Urgent as COP31 Calls for Global Cooperation

COP31 Negotiations President Chris Bowen says overlapping climate and energy crises demand stronger international cooperation, not a retreat from multilateral action. He urged countries to prioritise electrification, climate adaptation and more accessible climate finance, while warning that every fraction of a degree matters, particularly for vulnerable island nations.

Konferensi Republik Calls for Overhaul of Political System and Normalisation of State Affairs

Konferensi Republik says recent political developments reveal serious failures in Indonesia’s constitutional system and governance, and is calling for comprehensive institutional reform rather than merely reshuffling officials. It cited alleged illegal surveillance, the deployment of more than 20,000 troops to Jakarta, uncertainty over Vice-President Gibran Rakabuming Raka’s status, and alleged repression of demonstrators.

Indonesia’s Digital Market Gives Start-ups a Platform to Expand Across the Region, Says Communications Minister

Communications and Digital Minister Meutya Hafid says Indonesia’s digital economy, with gross transaction value projected at US$99 billion in 2025, gives start-ups the scale to attract investment and expand into regional markets. The government is working to strengthen digital infrastructure, talent, investment access and regulatory certainty, while encouraging digital solutions to raise productivity across other sectors.

MPR Speaker Meets Prabowo to Discuss Plenary Schedule for Vice-President Election

MPR Speaker Ahmad Muzani met President Prabowo Subianto to coordinate the date for a parliamentary plenary session to elect a new vice-president following Gibran Rakabuming Raka’s resignation. The MPR says it has 60 days to hold the vote and plans to seek two nominees from the President, while a joint meeting will establish the timetable and preparatory teams.

Riau Police Prepare Toll Road Traffic Plan to Manage Nataru Surge

Riau Police and toll operator PT Hutama Karya are coordinating operational preparations on the Pekanbaru-Dumai toll road ahead of the Christmas and New Year holiday period, anticipating a rise in traffic. Measures include traffic engineering, improved monitoring and service readiness, with the 2026 Zebra Lancang Kuning Operation intended to encourage safer driving before the holiday rush.

Gibran Gives No Reason for Resigning as Vice-President in Letter

Vice-President Gibran Rakabuming Raka has submitted a letter resigning from his post, but it gives no specific reason for his decision. The letter says he is stepping down at his own request, in the interests of the nation and to ensure the smooth running of government; he submitted it to the MPR and said farewell to its leaders.

Gibran’s Reasons for Resigning as Vice-President Revealed: What His Letter Says

Vice-President Gibran Rakabuming Raka submitted his resignation to MPR Speaker Ahmad Muzani, but gave no specific reason in person or in the letter. The letter says he is stepping down of his own accord, citing the national interest and the smooth running of government.

MPR: Vice-President’s Seat Vacant Since Gibran Resigned

MPR Speaker Ahmad Muzani says the vice-presidency became vacant after Gibran Rakabuming Raka submitted his resignation to the assembly. The MPR is to discuss the process for filling the post, including seeking two nominees from President Prabowo Subianto, and must fill the vacancy within 60 days.

Bogor City Government to Continue Assistance Programme for People with Disabilities

Bogor City Government says it will continue its annual assistance programme for residents with disabilities, with future funding to be discussed alongside the regional budget team and council budget committee. In the latest distribution, 100 residents received wheelchairs or hearing aids, funded through the 2026 budget and based on proposals raised by a local councillor.

Yusril: Vice-President Gibran’s Resignation Does Not Require MPR Approval

Coordinating Minister Yusril Ihza Mahendra says Vice-President Gibran Rakabuming Raka’s resignation takes effect without approval from the People’s Consultative Assembly (MPR). He says the MPR’s role is to address the resulting vacancy under the Constitution, with the President proposing two candidates for the Assembly to choose within 60 days.

MPR Speaker: Vice-Presidential Office Vacant from Today

MPR Speaker Ahmad Muzani says the vice-presidential office became vacant after the legislature received Gibran Rakabuming Raka’s resignation. The MPR is to set a timetable for a plenary session to elect a replacement within 60 days, with the President expected to submit two candidates within 14 days.

Prabowo Meets MPR, DPR and Ministers after Gibran’s Resignation

President Prabowo Subianto met senior lawmakers and ministers at the presidential palace hours after Vice-President Gibran Rakabuming Raka submitted his resignation. The consultation is expected to address the constitutional process for filling the vice-presidential vacancy, under which the MPR must elect a presidential nominee within 60 days.

US National Found Dead by Hanging in Denpasar Had Argued with Girlfriend

A 41-year-old US national was found dead at his rented room in Denpasar after an argument with his Indonesian girlfriend the previous day. Police said he had a history of depression and had previously taken Xanax; his body was taken to Prof. IGNG Ngoerah Central General Hospital.

Rupiah at Rp18,250, Government Says It Has Yet to Rattle Indonesian Businesses

Indonesia’s rupiah weakened to a record low of Rp18,250 per US dollar, but Deputy Coordinating Economic Minister Dradjad Hari Wibowo said the move had not significantly disrupted domestic business activity. Exporters stand to benefit from the weaker currency, while importers face pressure; businesses have, he said, already factored in exchange-rate risks and taken steps to manage them.

Yusril: Gibran’s Letter Is Like Soeharto’s Resignation Statement

Coordinating Minister Yusril Ihza Mahendra says Vice-President Gibran Rakabuming Raka’s letter declaring that he is stepping down does not require approval from the People’s Consultative Assembly (MPR), likening it to President Soeharto’s 1998 resignation statement. He says the MPR should now focus on filling the vice-presidential vacancy, with President Prabowo Subianto to submit two candidates within the stipulated 60-day period.

Yusril: MPR Need Not Hold Session to Approve Gibran’s Resignation, Unlike in Soeharto Era

Law and Human Rights Coordinating Minister Yusril Ihza Mahendra says the MPR need not approve Vice-President Gibran Rakabuming’s resignation, arguing that a declaration of resignation is legally binding on its own. He says the MPR would instead declare the vice-presidential post vacant and select a replacement from two names proposed by the President, without public or KPU involvement.

Indonesian Navy Holds 2026 Amphibious Operations Exercise

The Indonesian Navy conducted its 2026 Amphibious Operations Exercise at Tajung Pasir Beach in Tangerang, Banten, with Kopaska personnel carrying out clandestine operations, infiltration and tactical sea-based manoeuvres. The exercise was intended to test operational readiness, mobility and personnel professionalism in deploying troops along coastal areas and against designated targets.

Gibran’s Resignation Letter Revealed: Vice-President Steps Down at His Own Request

Gibran Rakabuming Raka has submitted his resignation as vice-president, saying he is stepping down at his own request, without giving a specific reason. The letter asks the MPR to act under Article 8(2) of the 1945 Constitution, which requires it to convene within 60 days to choose a replacement from two candidates nominated by the president.