Indonesian Political, Business & Finance News

Archive: 12 November 2026

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Civil service recruitment to open in November 2026: schedule and requirements

The government has agreed to resume civil service recruitment in 2026, with applications targeted to open in November, although detailed dates and final vacancies have not yet been announced. The article outlines likely selection stages, indicative roles and eligibility requirements, documents to prepare, and warnings to use only official registration channels.

Prabowo Meets MPR and DPR Leaders at Palace to Discuss Gibran’s Resignation as Vice-President

President Prabowo Subianto met leaders of the People’s Consultative Assembly (MPR) and House of Representatives (DPR) to discuss the constitutional steps following Vice-President Gibran Rakabuming Raka’s resignation. Yusril Ihza Mahendra said the Constitution gives the MPR up to 60 days to choose a replacement from two candidates proposed by the president, and argued that Gibran’s resignation requires no separate approval.

Danareksa Investments Targets Rp350 Trillion in AUM: Ambitious or Achievable?

Danantara Indonesia wants Danareksa Investments to double its assets under management to Rp350 trillion within three years, two years ahead of the company’s own plan. Reaching that goal would require annual growth of about 27% while the mutual fund industry is contracting, making investor acquisition and trust central to the challenge.

Bogor City Government Praised by ASPOA for Warm Welcome to International Delegates

The Asia and South Pacific Ostomy Association praised Bogor City Government for its hospitality in hosting the ASPOA Conference and Diabetes Wound Expo 2026. The event highlighted Indonesia’s growing role in global wound-care networks and Bogor’s efforts to support people with ostomies and improve diabetes screening and wound-care services.

Russian Ambassador to the US Alexander Darchiev Dies Suddenly

Russian Ambassador to the United States Alexander Darchiev has died in Moscow at the age of 66 after a long-term illness, Russia’s Foreign Ministry said. His death comes as Washington and Moscow seek to repair ties strained by the war in Ukraine; Darchiev had taken up his post in March 2025 and previously served as Russia’s ambassador to Canada.

Asked Why Gibran Resigned as Vice-President, MPR Speaker Gives His Answer

MPR Speaker Ahmad Muzani says Vice-President Gibran Rakabuming Raka submitted a letter of resignation during a meeting at Parliament in Jakarta. Muzani said Gibran gave no reason for his decision and that the MPR had not yet opened the letter.

Jakarta Targets 1,500 Kilometres of Roads for Underground Cables

Jakarta plans to install underground utility networks along 1,500 kilometres of its 6,500-kilometre road network, while managing the remaining areas with integrated utility poles. More than 400 kilometres of overhead cables have already been moved underground since 2021, and the city says the work will proceed gradually in coordination with telecom operators and PLN without disrupting internet services.

Yusril: Gibran Resigned as Vice-President of His Own Accord

Co-ordinating Minister Yusril Ihza Mahendra said Gibran Rakabuming Raka’s resignation letter stated that he was stepping down as Vice-President voluntarily. Yusril said the matter would be discussed with the MPR and DPR, and cited the Constitution’s provision for the MPR to elect a replacement within 60 days when the vice-presidency becomes vacant.

Sandiaga Uno says political developments could affect the capital market

Former tourism and creative economy minister Sandiaga Uno said political developments, following reports that Vice-President Gibran Rakabuming Raka may resign, could influence share movements and companies’ IPO decisions. He expressed confidence that Indonesia’s democratic processes would preserve political stability, which he said is essential for positive signals to the capital market and the national economy.

MPR Joint Meeting to Set Schedule for Plenary to Elect Gibran’s Successor as Vice-President

Indonesia’s People’s Consultative Assembly (MPR) will meet on Friday to set a date for a plenary session to elect a new vice-president after Gibran Rakabuming Raka formally resigned. The meeting will also decide on requesting two nominees from the President, verifying their documents and forming an ad hoc team to prepare a draft MPR resolution.

Gibran’s Resignation: PSI Alleges Political Operation and ‘Constitutional Hijacking’

Lalu Budi Suryata, head of the Indonesian Solidarity Party’s (PSI) West Nusa Tenggara branch, alleges that a political operation lies behind Vice-President Gibran Rakabuming Raka’s resignation and the controversy over his educational qualifications. He criticises the parliamentary process and President Prabowo Subianto’s response, while saying PSI’s regional organisation remains united.

Gibran Embraces MPR Leaders After Resigning as Vice-President

Gibran Rakabuming Raka embraced MPR leaders after submitting his resignation as Indonesia’s Vice-President, with a visibly sad expression. MPR Chairman Ahmad Muzani said Gibran had also sent the letter to President Prabowo Subianto and asked the legislature to process it promptly.

Nagan Raya Regency Completes Verification of 700 Households for Permanent Housing

Nagan Raya Regency has completed verification of 700 households seeking permanent homes after the late-2025 hydrometeorological disaster, and has submitted the data to the central government. While all planned temporary shelters have been built, residents are awaiting confirmation of when permanent housing construction will begin as part of a recovery programme targeted for completion in 2028.

Argentina condemns Iran’s designation of its navy and air force as terrorist organisations

Argentina has condemned Iran’s decision to designate the country’s Navy and Air Force as terrorist organisations, calling the move baseless and an unacceptable accusation against legitimate institutions. The dispute follows Argentina’s designation of Iran’s Islamic Revolutionary Guard Corps as a terrorist organisation in April.

Yusril Compares Gibran’s Resignation with Soeharto’s in 1998

Coordinating Minister Yusril Ihza Mahendra says a vice-president’s resignation would take effect without approval from the People’s Consultative Assembly (MPR), drawing a comparison with Soeharto’s 1998 resignation. He stresses, however, that the vacancies are filled differently: a replacement vice-president must be elected by the MPR within 60 days from two candidates proposed by the president.

Nippon Anime Awards to Launch in 2027

The Association of Japanese Animations will launch the Nippon Anime Awards in 2027, with its inaugural ceremony scheduled for 21 November at SGC HALL ARIAKE in Tokyo. Developed with the Tokyo Metropolitan Government, the initiative aims to celebrate influential anime creators while creating business opportunities and nurturing the next generation of talent.

Yusril Says Gibran’s Resignation Would Differ from Soeharto’s in 1998: How the Mechanisms Compare

Coordinating Minister Yusril Ihza Mahendra says the constitutional process for replacing a vice-president who resigns differs from the succession that followed President Soeharto’s resignation in 1998. While then vice-president B.J. Habibie automatically became president, a vacant vice-presidential post would be filled through an election by the People’s Consultative Assembly (MPR), not a direct public vote or a KPU-run election.

Gibran Officially Resigns, Parliamentary Motion to Express an Opinion Is Dropped

The DPR’s proposed motion to express an opinion on impeaching Vice-President Gibran Rakabuming Raka will not proceed after he submitted his resignation to the MPR. President Prabowo Subianto has 14 days to submit two candidates for the vacant vice-presidential post, and the MPR must select one within 60 days.

Bappenas maps strategic issues to address Bali’s economic inequality

National Development Planning Minister and Bappenas chief Rachmat Pambudy has identified six strategic issues, grouped into three areas, that need to be addressed to reduce structural imbalances in Bali’s economy. The priorities include diversifying beyond tourism and southern Bali, strengthening intellectual property and financing ecosystems, and improving cross-sector coordination, building on the province’s substantial creative-sector and digital capabilities.

Rupiah Hits Record Low as Deputy Coordinating Minister Dradjad Weighs In

Deputy Coordinating Minister for Economic Affairs Dradjad Hari Wibowo expects political uncertainty to put pressure on the rupiah only briefly, after it fell to a record low of Rp18,250 per US dollar. He says companies have so far absorbed the currency’s effects through risk management, while also flagging proposed tax arrangements for capital-market products and investors that require further discussion with the Finance Ministry.

MPR to Hold Joint Meeting Tomorrow on Four Matters Related to Gibran’s Resignation

The People’s Consultative Assembly (MPR) will meet with faction leaders and the Regional Representatives Council (DPD) group to determine next steps following Vice-President Gibran Rakabuming Raka’s resignation. The agenda includes scheduling a plenary session, requesting two replacement candidates from the president, verifying their eligibility documents and forming an ad hoc team to prepare an MPR decree.

Indonesia Now Has No Vice-President; MPR Has 60 Days to Find Gibran’s Successor

The MPR says the vice-presidential post is vacant following Gibran Rakabuming Raka’s resignation and that it has up to 60 days to fill it. Its leadership will meet with faction and DPD group leaders to set the plenary schedule and establish procedures for considering the President’s nominees.

Global Copper Supply Remains Tight, Set to Benefit Indonesia

Market participants expect copper demand to keep rising while global supply remains constrained, a trend Freeport Indonesia president director Tony Wenas says will benefit Indonesia as a major producer with growing downstream processing. Freeport and Amman Mineral together account for more than 1 million tonnes of annual capacity, while Freeport’s Grasberg operations are still recovering from a 2025 mudslide and are expected to return to full production in 2028.

What Is Gibran’s Plan After Resigning as Vice-President? Jokowi Responds

Joko Widodo says he does not know what his son, Gibran Rakabuming Raka, intends to do after submitting his resignation as vice-president, and stresses that political office is temporary. Gibran has formally delivered his resignation letter to the People’s Consultative Assembly (MPR), following discussions with President Prabowo Subianto and a week of political developments.

Police Chief: Listyo Sigit Suspected of Being End User of Prabowo Surveillance

National Police Chief Suyudi Ario Seto told a parliamentary commission that former police chief Listyo Sigit Prabowo was allegedly the ultimate recipient of illegally intercepted communications involving President Prabowo Subianto and other national figures. Police have named four suspects and outlined alleged roles, detention dates and charges, including illegal interception, electronic data deletion and unauthorised access.

MPR Speaker Reads Gibran’s Resignation Letter as Vice-President

MPR Speaker Ahmad Muzani read out a letter in which Vice-President Gibran Rakabuming Raka said he was stepping down from the office at his own request. Gibran delivered the letter to the MPR in person at about 11am on Thursday and was received by the assembly’s leadership.

Indonesia Launches ART Trees Programme for Nine Provinces at COP31

Indonesia has launched a provincial-scale forestry carbon-trading programme under the ART Trees standard, covering nine provinces and announced at COP31 in Antalya. The government says it will prioritise national ownership, transparent governance, safeguards and fair benefit-sharing, while ensuring carbon-finance mechanisms complement one another and avoid double counting.

Shudao Investment Group showcases its global projects at 2026 Panda Partners Conference

Shudao Investment Group presented its green infrastructure work and overseas projects at the Global Panda Partners Conference 2026, highlighting ecological protection measures on roads in Sichuan and major bridges built abroad. The diversified group, whose core activities span transport, energy and minerals, and industry-finance integration, said it operates in more than 60 countries and regions and has ranked among the Fortune Global 500 for five consecutive years.

Iran Threatens to Strike US Bases in Europe if Attacked Again

Iranian official Mohsen Rezaei warned that US bases outside the Middle East, including in Europe, could be targeted if they are used to launch attacks on Iran. The threats come as Qatar and Pakistan pursue diplomatic efforts, while US President Donald Trump has recently signalled greater interest in negotiations and said a new strike is unlikely.

Indonesia and Norway Agree Carbon Financing for 100-Gigawatt Solar Power Project

PLN and Norway have signed a carbon-finance agreement under Article 6.2 of the Paris Agreement, targeting emissions reductions of up to 12 million tonnes and helping fund clean-energy projects, including Indonesia’s planned 100-gigawatt solar programme. Officials say the arrangement can help make commercially challenging projects viable, while stressing that private and international financing will be essential to meet Indonesia’s climate targets.

Text of Gibran’s Resignation Letter as Vice-President Revealed

MPR Speaker Ahmad Muzani has read out Gibran Rakabuming Raka’s letter stating that he is resigning as Indonesia’s vice-president for the 2024–2029 term at his own request. Muzani said the letter gave no specific reason; the MPR will write to the president, who has 14 days to nominate a vice-presidential candidate.

Gibran Resigns; INDEF Warns of Risk of Prolonged Elite Conflict

INDEF economist M Rizal Taufikurahman says markets would be more troubled by prolonged political instability than by the replacement of Vice-President Gibran Rakabuming Raka itself. He warns that currency, share and government-bond volatility could intensify into wider economic pressures if investment is delayed and policy certainty weakens; the MPR says it has up to 60 days to appoint a successor.

Yusril Says Revocation of Gibran’s Diploma Equivalency Certificate Implements Supreme Court Ruling

Coordinating Minister Yusril Ihza Mahendra says the revocation of Vice-President Gibran Rakabuming Raka’s high-school diploma equivalency certificate implements a final Supreme Court ruling in Subhan Palal’s favour. He argues the decision raises constitutional questions about whether Gibran met the education requirements for the vice-presidency, while the Education Ministry’s decree formally withdraws the certificate and declares it no longer legally binding.

Government Urges Investors Not to Panic over Indonesia’s Political Turmoil

Deputy Coordinating Minister for Economic Affairs Dradjad Hari Wibowo said investors should not overreact to domestic political developments, including Vice-President Gibran Rakabuming Raka’s reported resignation request, arguing that any market reaction is likely to be brief and will not affect economic fundamentals. He cited household consumption growth of 5.04% in the third quarter of 2026 and urged investors not to remain on the sidelines for too long.

Data-driven training becoming a necessity for runners

Sports medicine experts say runners can reduce the risk of overuse injuries by monitoring training intensity, performance progress and recovery. COROS has launched its PACE 4 Pro smartwatch, offering training-load and recovery indicators as well as offline maps for runners exploring trails.

Prabowo Calls Yusril to the Palace to Discuss Gibran’s Resignation

President Prabowo Subianto met Coordinating Minister for Law, Human Rights, Immigration and Corrections Yusril Ihza Mahendra after Vice-President Gibran Rakabuming Raka submitted his resignation to the People’s Consultative Assembly (MPR). The MPR says it will begin processing the resignation, with up to 60 days to appoint a permanent successor, while Prabowo has 14 days to submit two replacement candidates once formally requested.

Six health benefits of beras kencur

Beras kencur, a traditional Indonesian drink made with rice, aromatic ginger and spices, is commonly consumed to ease muscle aches, stimulate appetite and support wellbeing. Some compounds in kencur show antioxidant and anti-inflammatory potential, but clinical evidence for the drink’s health effects in humans remains limited; its sugar content and hygiene also warrant attention.

US Dollar Hits Rp18,221 as Bank Indonesia Identifies Causes of Rupiah Pressure

The US dollar rose to Rp18,221 on 12 November 2026, as Bank Indonesia cited growing expectations of US interest-rate increases and concerns about domestic financial markets as factors weighing on the rupiah. Higher-than-expected US inflation has reinforced expectations that the Federal Reserve will keep rates elevated, while rising US Treasury yields are encouraging investors to move funds out of emerging markets.

Pertamina Boss Outlines Concrete Measures to Address Fuel Supply Disruptions

Pertamina chief executive Simon Aloysius Mantiri apologised for recent fuel supply and distribution disruptions and detailed emergency measures, including round-the-clock terminal and service-station operations and additional tanker capacity. He said the company is strengthening stock planning, storage infrastructure and logistics flexibility amid global energy-market pressures and Indonesia’s complex island geography.

Danantara Indonesia Launches Danareksa Investments

Danantara Asset Management has launched Danareksa Investments as the new identity of a state-owned asset manager formed by merging four investment management companies. With combined assets under management exceeding Rp170 trillion as of June 2026, the company plans to strengthen its investment capabilities, expand retail and institutional services, and widen access to investment products.

MPR to Hold Joint Meeting After Gibran Resigns as Vice-President, Discussing Four Issues

The MPR will hold a joint meeting on 13 November to set out the process for filling the vice-presidential vacancy after Gibran Rakabuming Raka submitted his resignation. The agenda includes scheduling a plenary session, asking the President to nominate two candidates, verifying their documents and preparing a draft MPR decree; the constitution allows up to 60 days to fill the post.

Sandiaga Uno Optimistic Indonesia’s Economy Will Remain Resilient as Five Backed Companies Prepare for IPOs

Sandiaga Uno says Indonesia’s economic fundamentals remain robust despite domestic political dynamics and global geopolitical pressures, citing positive growth, job creation and investment inflows. He also says five companies he supports are preparing to list on the Indonesia Stock Exchange, with IPO timing dependent on market and macroeconomic conditions.

Bank Mantap Reaffirms Commitment to Improving Retirees’ Welfare

Bank Mandiri Taspen (Bank Mantap) received the Best Performance in Pensioner Banking award at the Road to CNBC Indonesia Awards 2026, recognising its work to improve retirees’ financial independence. The bank supports retirees’ businesses through loans, mentoring and product displays, while also offering health facilities at branches; its assets reached Rp78 trillion at the end of September 2026.

Safeguarding Disaster Funds and Institutionalising Oversight

An alleged corruption case involving Indonesia’s disaster-response fund has prompted scrutiny of procurement relationships and weaknesses in oversight at the National Disaster Management Agency (BNPB). The article argues that emergency spending must remain accountable and calls for stronger, integrated controls involving internal auditors, procurement regulators and other oversight bodies.

Indonesia’s Batang SEZ explores tech deal worth up to €50m with Axelera AI

Industropolis Batang and Axelera AI have signed an exploratory MoU to assess deploying energy-efficient edge-computing technology and related systems in the special economic zone. The potential cooperation is valued at €20m–€50m for 2027–2030, but the estimate reflects possible technology and services rather than a committed capital investment.

A Range of Health Benefits of Jamu, Indonesia’s Cultural Heritage

Jamu, Indonesia’s traditional herbal remedies, remain widely consumed and were recognised by UNESCO as Intangible Cultural Heritage in 2023. The article outlines their potential roles in general wellbeing, antioxidant intake and easing mild digestive discomfort, while stressing that jamu should not replace medical treatment and must be consumed safely.

University Student Robbed by Gang in Pick-up Truck in Depok; Suspects Arrested

Eight suspects have been arrested after a gang allegedly threatened a university student with knives and stole his motorbike while he was resting by a roadside in Depok. Police say the suspects planned to sell the motorbike to redeem one suspect’s pawned vehicle; they face up to 12 years in prison under Indonesia’s Criminal Code.

Bobby Nasution Comments After Gibran Resigns as Vice-President

North Sumatra Governor Bobby Nasution said he had not spoken directly with his brother-in-law, Gibran Rakabuming Raka, following Gibran’s reported resignation as Indonesia’s Vice-President. Nasution said he supported the move as a family member and hoped it would benefit the Indonesian public, but had not been told the reason.

Strengthening Indonesia–China LCT Implementation, BoC Appointed Renminbi Clearing Bank in Indonesia

Bank Indonesia has appointed the Bank of China as Indonesia’s renminbi clearing bank to support the expansion of local currency transactions (LCT) between Indonesia and China. The initiative is intended to deepen domestic financial markets, reduce reliance on the US dollar in bilateral trade and help maintain exchange-rate stability.

IDX Launches Rewards Programme to Raise Awareness of Single Stock Futures

The Indonesia Stock Exchange (IDX) is running a rewards programme from 2 November to 30 December 2026 to broaden investor understanding and participation in Single Stock Futures, with Rp60 million in prizes. The exchange says the campaign should be accompanied by a clear understanding of the leveraged product’s risks, including potential losses, margin calls and contract expiry.