Indonesian Political, Business & Finance News

Archive: 12 November 2026

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Regional Leaders’ Synergy with Forkopimda Key to Strengthening Government, Deputy Home Affairs Minister Says

Deputy Home Affairs Minister Bima Arya Sugiarto says regional leaders need strong communication and professional cooperation with Forkopimda to maintain stability and consolidate government. He cited coordination among local leaders as having direct benefits for residents, including efforts to tackle thuggery, illegal levies and public-order disturbances.

Gibran Resigns as Vice-President; Hanura Urges Political Elites to Reunite

After Gibran Rakabuming Raka submitted his resignation as vice-president to the People’s Consultative Assembly (MPR), Hanura deputy chairman Patrice Rio Capella called on political elites to unite and put national interests ahead of power. MPR chair Ahmad Muzani said the assembly would convene leadership meetings to consider the resignation and determine the next steps.

Yusril: No legal recourse can preserve Gibran’s diploma equivalency certificate

Coordinating Minister for Law, Human Rights, Immigration and Corrections Yusril Ihza Mahendra says there is no further legal remedy available to preserve the legal force of Vice-President Gibran Rakabuming Raka’s high-school diploma equivalency certificate. The Education Ministry has revoked the document following a Supreme Court ruling that it was invalid, while a separate administrative court challenge may be moot because the certificate is no longer in force.

Indonesia and Japan seek stronger defence ties amid Indo-Pacific focus

Indonesia’s Ministry of Defence is seeking to deepen bilateral and military cooperation with Japan, building on joint exercises and personnel training and education exchanges. Deputy Defence Minister Yusuf Jauhari also praised Japan’s helicopter and vessel support for tackling forest and land fires in Kalimantan, and said continued cooperation could strengthen defence capabilities and disaster management.

Pramono Orders Tree-Pruning to Prevent Trees Falling During Rainy Season

Jakarta Governor Pramono Anung has instructed the city’s Parks and Forestry Department to prune large, tall trees from November to reduce the risk of them falling during heavy rain and strong winds. The move forms part of broader preparations for the rainy season, including river normalisation and drainage improvements aimed at reducing flood risks.

Gibran Officially Resigns as Vice-President; PDI-P Calls for Democratic Ethics to Be Restored and Indonesia’s Dignity Protected

PDI-P says Gibran Rakabuming Raka’s resignation as vice-president should prompt a broader review of political processes, constitutional accountability and the ethics of democratic leadership. The party says the resignation does not remove the need to assess the institutional processes involved and calls for transparent constitutional proceedings and stronger rule of law.

Gibran’s Resignation: Dradjad Warns Investors Against Waiting Too Long

Deputy Coordinating Minister for Economic Affairs Dradjad Hari Wibowo said political turbulence, including reports that Vice-President Gibran Rakabuming Raka may resign, should not cause excessive investor panic because it does not necessarily reflect economic fundamentals. While investors are free to wait for developments, he warned that an extended wait-and-see stance could mean missing market opportunities, citing household consumption growth and an influx of 13.7 million new retail investors in 2026.

Man Arrested in China After Using Excavator to Damage Government Building

A 47-year-old farmer was arrested after allegedly using an excavator to damage the entrance façade of a government service centre in Xi’an, Shaanxi, in an apparent protest over compensation for the demolition of his farm. No injuries were reported, and police say the investigation is continuing; the incident highlights the risks of protest in China, where demonstrations can carry severe penalties.

Gibran Meets MPR Leaders to Hand Over Resignation Letter

Vice-President Gibran Rakabuming Raka handed his resignation letter to leaders of the People’s Consultative Assembly (MPR), prompting its chair to say the constitution allows up to 60 days to appoint a successor. Separately, the House of Representatives cancelled a plenary session scheduled to discuss a proposal for an inquiry into the controversy over Gibran’s academic credentials, after 120 MPs from eight party factions signed the proposal.

Planning Minister Seeks to Make Bali an International Creative Economy Super Hub

National Development Planning Minister Rachmat Pambudy says Bali should become an international super hub for the archipelago’s creative economy, building on local culture and new growth driven by young people. The government aims to raise the creative economy’s share of GDP to above 8%, while Bali’s creative workforce, investment, exports and digital-readiness are cited as strong foundations.

Police Chief: Six Witnesses Seeking LPSK Protection Are Monitoring Team Members

National Police Chief Suyudi Ario Seto said six members of the force’s Monitoring Center had sought witness protection from the Witness and Victim Protection Agency (LPSK) in connection with an alleged illegal wiretapping case. The investigation involves four active generals and alleged surveillance of President Prabowo Subianto and other public figures, with police saying the monitoring staff reported suspected efforts to destroy evidence.

Indonesia secures power and water supplies for Batam data centres

The government and BP Batam are exploring options, including weather modification and seawater reverse osmosis, to supply electricity and water to a planned data-centre estate at Nongsa Digital Park without disrupting local residents. Regulatory and licensing reforms are also intended to improve investor certainty and logistics, as Batam records strong economic growth and investment.

Building Collapses into Excavation Site in City Centre, Killing Two

A three-storey building in Brooklyn collapsed towards an adjacent construction excavation, killing at least two people and injuring 17, including seven children. More than 250 emergency personnel joined a lengthy rescue operation, while officials investigate the collapse and assess the stability of nearby structures; the role of the excavation has not been established.

Details Emerge of Gibran’s 20-Minute Meeting with MPR Speaker, Including Resignation Letter

Vice-President Gibran Rakabuming Raka handed his resignation letter to MPR leaders during a meeting lasting about 20 minutes, asking the legislature to process it promptly. MPR Speaker Ahmad Muzani said the assembly would convene leadership and joint meetings, while the MPR has up to 60 days to appoint a definitive successor and President Prabowo Subianto has 14 days to nominate two candidates once he receives the request.

Elderly Man Suffers Seizure and Dies Suddenly After Urinating in Vacant Lot in Denpasar

A 71-year-old man died at a vacant lot in South Denpasar after collapsing and suffering a seizure shortly after urinating, according to police. Officers found no signs of violence and believe he may have died of illness; he was reportedly homeless and had been living alone at the site for about a year.

Gibran’s Equivalency Certificate Revoked, Denny Indrayana Seeks to Withdraw Mercy’s Lawsuit at the Administrative Court

Denny Indrayana, representing plaintiff PT Mercy Toga Kirana, has asked Jakarta’s Administrative Court to allow the withdrawal of its lawsuit over Gibran Rakabuming Raka’s high-school equivalency certificate. He says the Supreme Court annulled the certificate and the Ministry of Primary and Secondary Education has since revoked it, although an intervening defendant opposed ending the case.

Researcher: 2026 National Health Day an Opportunity to Strengthen Inclusive Health Policy

A researcher at The Indonesian Institute says National Health Day 2026 should prompt a review of health-service equity and quality, particularly for vulnerable groups. She urged the government to expand accessible mobile and home-based care, strengthen facilities in disaster-prone areas and involve communities in health-policy decisions.

Golkar Jakarta distributes 6,200 food packages to residents

Golkar’s Jakarta provincial branch has distributed 6,200 food packages across the capital and the Thousand Islands to mark the party’s 62nd anniversary and Heroes’ Day. The annual initiative is prioritising party sympathisers and members in need, while the party says other forms of assistance remain available to residents regardless of political affiliation.

Gibran Welcomed by Supporters and Vice-Presidential Secretariat Staff at Palace

Vice-President Gibran Rakabuming was greeted by supporters and staff at the Vice-Presidential Palace in Jakarta, amid reports that he had submitted his resignation to President Prabowo Subianto. Supporters said they had been invited but did not know the event’s purpose, while Gibran briefly indicated that he had an appointment at the palace at 2pm.

Gibran arrives at vice-president’s palace after submitting resignation to MPR

Gibran arrived at the vice-president’s palace after submitting his resignation to the MPR, which plans to meet and determine the next steps. Under the stated timetable, the MPR must elect a successor within 60 days after the resignation takes effect, while President Prabowo has 14 days to propose two candidates once asked; the resignation follows controversy over Gibran’s academic credentials and calls for his impeachment.

Leapmotor C10 comes with NFC Pairing and Nap Mode features

Leapmotor says its C10 electric SUV offers NFC-based phone pairing, adjustable and heated seats, and a Nap Mode designed for use while parked. The vehicle, introduced in Indonesia in July 2026, has a 165 kW motor and a claimed range of up to 503 kilometres under the NEDC test cycle.

LPSK Reviews Eight Requests for Protection from Witnesses in Wiretapping Case

Indonesia’s Witness and Victim Protection Agency (LPSK) is reviewing eight protection applications from witnesses in a criminal wiretapping case, assessing applicants’ needs and the threats they face. All applicants are currently witnesses, although the agency says it could extend protection to justice collaborators or others as the case develops.

Nutritionist Recommends Salmon to Help Tackle Sleep Difficulties

Registered nutritionist Erin Palinski-Wade recommends salmon as part of an evening meal for people who struggle to sleep, citing its omega-3 fatty acids and vitamin D. She suggests pairing it with fibre-rich carbohydrates and pistachios, which may support overnight blood-sugar stability and gut health linked to sleep quality.

Gibran Resigns as Netizens Flood Social Media with Reactions

Vice-President Gibran Rakabuming Raka’s reported submission of a resignation letter to the People’s Consultative Assembly (MPR) triggered intense discussion on X. Users debated who might replace him, what benefits he would retain if he resigned or were impeached, and the constitutional process for appointing a new vice-president.

Retaining Wall Collapses in Pejaten Timur; Public Works Ministry Prepares Emergency Response

The Public Works Ministry is supporting an emergency response after a retaining wall beside the Poltangan connecting channel collapsed in Pejaten Timur, with heavy rain and waterlogged soil cited as contributing factors. Debris has narrowed the channel and led to flooding in nearby homes; temporary protections are being prepared while longer-term channel-area management is assigned to the Jakarta provincial government.

PASTI Task Force Shuts Down 16 Illegal Investment Entities

Indonesia’s Illegal Financial Activities Eradication Task Force (Satgas PASTI) has halted the operations of 16 entities suspected of offering illegal investments, blocking their apps and internet links and referring the findings to law enforcement. The schemes allegedly involved deposits, task-based earnings and investments in shares, foreign exchange, commodities and crypto-assets; checks found the entities lacked the necessary Indonesian legal status, OJK authorisation or other registrations.

Students Remove Gibran’s Photograph from Bima City Council Office

Hundreds of Muhammadiyah Student Association (IMM) members in Bima removed Vice-President Gibran Rakabuming Raka’s photograph from the city council office during a protest. They also called for an investigation into alleged illegal wiretapping, clarification of Gibran’s vice-presidential candidacy documents, and legal action over forest and land fires.

Gibran Resigns; INDEF Says Markets Would Be More Anxious if Turmoil Prolongs

INDEF economist M Rizal Taufikurahman says markets are more likely to be unsettled by prolonged political conflict than by the replacement of Vice-President Gibran Rakabuming Raka itself. The MPR says it will begin processing Gibran’s resignation, with 60 days to appoint a successor and 14 days for President Prabowo Subianto to submit two candidates after receiving the assembly’s request.

Gibran Officially Resigns as Vice-President; Parliamentary Session on Impeachment Motion Cancelled

The House of Representatives cancelled a plenary session to consider a motion to exercise its right to express an opinion on Vice-President Gibran Rakabuming Raka, after he submitted his resignation to the People’s Consultative Assembly (MPR). The MPR said the resignation letter had also been sent to President Prabowo Subianto and would be processed, while 120 MPs from eight factions had signed the motion.

UBSI Wins Second Place for Most Active IDX Investment Gallery in 2026, Promoting Capital Market Literacy on Campus

Universitas Bina Sarana Informatika (UBSI) won second place in the Indonesia Stock Exchange’s 2026 award for most active investment gallery in the category of growth in securities accounts. The university says the recognition reflects campus efforts to build students’ understanding of investment, financial management and risk, alongside expanding participation in the capital market.

Profile: Panel Barus Steps Down from Projo to Focus on Prabowo

Panel Barus has resigned from his position and membership in the Pro Jokowi (Projo) volunteer organisation, saying he wants to focus on advancing President Prabowo Subianto’s agenda in his role at the Ministry of Cooperatives. His career has spanned party politics, leadership roles in Projo and the Prabowo-Gibran campaign, and a government post; he says Projo will continue under its new leadership.

Pramono Orders Tall Trees in Jakarta to Be Pruned

Jakarta Governor Pramono Anung has ordered the city’s parks and urban forestry agency to prune large trees along roads and other areas ahead of the rainy season. The move is intended to reduce the risk of trees falling during heavy rain and strong winds, following fatal incidents in Pondok Indah and another case in Ragunan.

Artha Graha Peduli Founder Holds Charity Drive in Memory of His Mother

Artha Graha Peduli says it is holding a bereavement charity drive in memory of Yuliana Winata, mother of its founder, Tomy Winata, who died on 7 November 2026. The initiative will distribute assistance to vulnerable communities across areas where Artha Graha Group operates, extending up to 500 kilometres from each business unit.

Gibran officially resigns as HMP plenary meeting is cancelled

Gibran submitted his resignation letter to the MPR on Thursday, prompting a leadership meeting to discuss it. The DPR cancelled its scheduled plenary session on a lawmakers’ proposal to impeach him; a proposal signatory said the motion was no longer relevant after Gibran’s resignation.

Gerindra Respects Gibran’s Move to Resign as Vice-President

Gerindra’s Sufmi Dasco Ahmad said the party respects Vice-President Gibran Rakabuming Raka’s decision to resign, and expressed hope that it had been carefully considered in the country’s best interests. Gibran has submitted his resignation to the People’s Consultative Assembly (MPR), which plans to convene leadership and joint meetings to determine the next steps.

At the House of Representatives, Pertamina Chief Apologises for Fuel Supply Disruptions

Pertamina president director Simon Aloysius Mantiri apologised to the public for recent disruptions to fuel supply and distribution, speaking at a hearing with the House of Representatives’ Commission VI. He said the state-owned energy company had deployed round-the-clock operations, additional tanker fleets and modular filling stations, alongside coordination with government agencies and other partners, to restore supplies.

Dasco hopes Gibran’s resignation was carefully considered in the nation’s interests

Deputy House Speaker Sufmi Dasco Ahmad said he hoped Vice-President Gibran Rakabuming Raka had carefully considered his reported resignation in the interests of the nation. The MPR says it will begin the follow-up process, with up to 60 days to appoint a permanent replacement; President Prabowo Subianto has 14 days after receiving the MPR’s request to submit two nominees.

Government Revokes Gibran’s Education Equivalency Certificate, Closing the Door to Further Legal Action

The government has revoked the education-equivalency certificate issued to Vice-President Gibran Rakabuming Raka, implementing a Supreme Court ruling that annulled the document. Coordinating Minister Yusril Ihza Mahendra says no further legal challenge is available and argues the ruling raises constitutional questions over Gibran’s eligibility; the article reports that Gibran has submitted his resignation and that lawmakers had begun discussing his political future.

Iran designates Argentina’s navy and air force as terrorist organisations

Iran has designated Argentina’s navy and air force as terrorist organisations in retaliation for Buenos Aires’ decision to label the Islamic Revolutionary Guard Corps (IRGC) a terrorist organisation. Tehran cited a 2019 law and warned Argentina of possible consequences, while rejecting allegations that the IRGC was involved in the 1990s Buenos Aires bombings.

JCI rises 2.20% to 5,227.49 at Thursday’s midday close

Indonesia’s Composite Stock Price Index (JCI) gained 2.20% to 5,227.49 at the close of Thursday’s first trading session, with the LQ45 blue-chip index also advancing. All sectors rose, led by industry, while trading activity reached Rp6.37 trillion.

2,000 Residents Take Part in Tour de EnTeTe in West Sumba, with MSME Bazaar

Around 2,000 people joined the second stage of Tour de EnTeTe in West Sumba, where activities combined exercise and tourism promotion with health checks, traditional weaving displays and a bazaar for micro, small and medium-sized enterprises (MSMEs). East Nusa Tenggara Governor Emanuel Melkiades Laka Lena said the initiative is intended to become an annual event and support local communities, with the tour continuing across the province before concluding with a 10-kilometre race in Kupang.

Police Question Dozens of Witnesses over Alleged Treason in Wiretapping Case

Indonesia’s Criminal Investigation Agency says it has questioned 38 witnesses and consulted legal experts in its inquiry into alleged illegal wiretapping of President Prabowo Subianto. Police have opened a formal report to investigate possible treason-related offences, while a parliamentary commission chair has urged prosecutors to pursue the case under those provisions.

Probolinggo Mayor Urges Businesses to Report Investment Properly Through OSS

Probolinggo Mayor Aminuddin has urged businesses to align their licences with the 2025 Indonesian Standard Industrial Classification (KBLI) and submit investment activity reports (LKPM) accurately and on time through the Online Single Submission (OSS) system. Officials warned that failure to report could lead to administrative sanctions and licence revocation, while stressing that reliable investment data supports local policy and investment planning.

Danareksa Investment manages Rp172.5 trillion in assets, denies dominating investment management industry

Danareksa Investment Management Indonesia says the consolidation of four investment managers, which has lifted its assets under management to Rp172.5 trillion and made it Indonesia’s largest manager, will not undermine competition. The company cites distinct captive markets across firms and discussions with the competition watchdog, while noting that the country’s 92 investment managers still have substantial untapped mutual fund potential.

Foreign Investors Pour Rp83.6bn Into the Market in Session I, Buying These 10 Shares

Foreign investors recorded a net purchase of Rp83.61 billion across the market in the first trading session on Thursday, as the Jakarta Composite Index rose 2.00%. Bank Rakyat Indonesia led the list of foreign purchases, while GoTo Gojek Tokopedia faced the largest net selling pressure.

UGM Responds to Yogyakarta Police’s Fact-Finding Team Plans

UGM says it has yet to decide whether its own fact-finding initiative will be incorporated into a team planned by the Yogyakarta Regional Police or operate separately. The university is also inviting other higher education institutions to investigate the clashes during the 10 November demonstration, including allegations of violence during crowd control, and says its findings should inform recommendations to the authorities.

Jokowi responds to Gibran’s resignation and vows support for Prabowo

Former president Joko Widodo described Vice President Gibran Rakabuming Raka’s resignation as a normal part of political life, saying public office is temporary. Jokowi also pledged continued support for President Prabowo Subianto’s administration, while the MPR prepares to consider the resignation and begin the process of selecting a replacement.

11 State-Owned Enterprise Shares Fall Under HSC, Danantara Chief Comments

Danantara COO Dony Oskaria says state-owned companies will be subject to the same Indonesian Stock Exchange rules as other listed firms, with no exemptions for those classified as having high shareholding concentration (HSC). The exchange’s latest list includes 300 issuers, 11 of them state-owned enterprises, with concentrated ownership levels ranging from 93.024% to 99.291%.

Pramono to Require Vertical Gardens on Jakarta Provincial Government Buildings from 2027

Jakarta Governor Pramono Anung plans to require all buildings owned by the provincial government to adopt vertical gardens from 2027, extending greening beyond parks and other open spaces. He cited the example of wastewater company PAL Jaya, whose financial turnaround he also praised as evidence that professionally managed regional-owned enterprises can become profitable.

UBSI’s 64th Graduation to Feature Academic and Industry Leaders Sharing Insights

Universitas Bina Sarana Informatika (UBSI) will hold its 64th graduation ceremony in Bekasi from 15 to 21 November 2026, with speakers from public universities, private companies and government institutions delivering academic orations. The university says the sessions are intended to give graduates perspectives on professional opportunities and challenges, and to connect academic learning with industry and public service.