Indonesian Political, Business & Finance News

Archive: 12 November 2026

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Gibran’s Possible Resignation Draws Mixed Public Reactions

Indonesians interviewed by CNBC Indonesia expressed differing views on the possibility of Vice-President Gibran Rakabuming Raka resigning, with some regretting the prospect and others questioning whether a change of office-holder would improve people’s lives. Their main concerns were the economy, purchasing power, jobs and the cost of living, alongside uncertainty over who might replace him.

Gibran Reveals Inner Struggle over Decision to Join Prabowo in September 2023

Vice-President Gibran Rakabuming Raka has described the personal conflict he faced when Prabowo Subianto asked him to be his running mate in the 2024 presidential election. He said accepting the offer meant leaving his work as Solo mayor, but he ultimately saw it as an opportunity to contribute to national development and involve younger generations.

Central Jakarta City Administration to Turn Cleared Land into Green Open Space

Central Jakarta is redeveloping a 403-square-metre government-owned site in Kampung Bali, Tanah Abang, as a public green space after reclaiming it from private occupation of about 11 years. The plan includes a multipurpose room, green areas and a plaza, with children’s play facilities, outdoor fitness equipment and a community hall envisaged for later phases.

iCar Indonesia Opens Its Third Dealership in West Jakarta

Chinese automotive brand iCar has opened a 3S dealership in Puri Indah, its third in Indonesia, offering sales, servicing and spare parts. The 3,700-square-metre site includes electric-vehicle charging facilities and home servicing, as the company expands its domestic distribution and after-sales network.

PGN LNG Receives 25 LNG Cargoes by the Third Quarter of 2026 to Strengthen National Energy Supply

PGN LNG Indonesia received 25 LNG cargoes totalling 67.24 million MMBtu through the third quarter of 2026, while Ex-LNG gas deliveries rose 34.72% year on year to 65.01 million MMBtu. The company says its operations and regasification infrastructure help secure supplies for power plants and industry, support domestic downstream processing, and contribute to Indonesia’s energy-transition goals.

Prosecutors to Call 200 Witnesses in Silmy Karim Case Hearing

KPK prosecutors plan to call nearly 200 witnesses in the trial of former Deputy Minister of Immigration and Correctional Services Silmy Karim, accused of extorting applicants for immigration documents and receiving gratuities. The charges allege extortion totalling Rp168.92 billion and gratuities of Rp33.94 billion; the next hearing is scheduled for 17 November 2026.

Gibran Recalls Inner Turmoil Over Prabowo’s Offer, and Disappointing His Former Party

Gibran Rakabuming Raka says accepting Prabowo Subianto’s offer to run as his vice-presidential candidate in 2024 was a difficult decision, particularly because it meant disappointing his former party, PDI Perjuangan. He made the remarks after submitting his resignation as vice-president, while denying that the move was connected to controversy over his educational credentials.

Severance Pay for Employees Laid Off Following Bankruptcy, Mergers and Other Events

Indonesia’s Law No. 27 of 2026 on Employment Protection sets out different compensation entitlements for employees dismissed following corporate restructuring or insolvency. Employees may receive up to twice the standard severance entitlement after a merger if the resulting company refuses to retain them, while workers laid off when a company is in debt-payment suspension or declared bankrupt are entitled to one times the statutory severance amount, plus other benefits.

Gibran Speaks Candidly on YouTube, Denies Resigning over Diploma Controversy

Gibran Rakabuming Raka says his resignation as Indonesia’s vice-president was a personal decision made in the national interest, and denies that it was connected to questions about his educational credentials. He submitted his resignation to the People’s Consultative Assembly (MPR), which says it will handle the letter under the applicable procedures, roughly two years into his 2024–29 term.

Yusril: Choosing Two Vice-President Candidates Is Solely Prabowo’s Prerogative

Coordinating Minister Yusril Ihza Mahendra says President Prabowo Subianto has full authority to nominate two candidates to replace Vice-President Gibran Rakabuming Raka, for the People’s Consultative Assembly (MPR) to select. Coalition parties may be consulted, but the final decision rests with the President; the election would be conducted by the MPR rather than the General Elections Commission (KPU).

Interfaith Leaders Call for Harmony and Reaffirm Commitment to the Nation

Religious leaders from across Indonesia have issued a seven-point declaration urging national unity, interfaith harmony and rejection of violence amid current social and political dynamics. They also highlighted religious values as a source of social cohesion and called for environmental protection and development focused on welfare and social justice.

Exploring Intramuros, Manila’s Historic Old City in the Philippines

Intramuros offers visitors a glimpse of Manila’s Spanish colonial past through historic sites including Fort Santiago, Manila Cathedral, San Agustin Church and Baluarte de San Diego. The article recounts the sites’ histories and their roles as military, religious and national heritage landmarks.

East Nusa Tenggara Police Hand Human Trafficking Suspect in West Kalimantan Network to Prosecutors

East Nusa Tenggara police have transferred Horas Marpaung, a manager accused of involvement in a West Kalimantan human trafficking network, and evidence to prosecutors after the case file was declared complete. Two alleged recruiters have not yet been handed over because they failed to attend investigators’ summons, while police are examining possible corporate involvement and money laundering. The case had previously been discontinued but was reopened after new evidence emerged and public pressure mounted.

Gibran Thanks Prabowo for Entrusting Him with Vice-Presidency as He Steps Down

Gibran Rakabuming Raka has thanked President Prabowo Subianto, the Cabinet and his supporters after announcing his resignation as vice-president. He said the decision was difficult and unrelated to the diploma controversy, and described his government career as having come to a close while pledging lasting loyalty to Indonesians.

Pertamina Finds New Oil and Gas Resources Totalling 333 Million Barrels

Pertamina Hulu Energi (PHE) reported 333 million barrels of oil equivalent in additional contingent resources by September 2026, based on discoveries from 10 exploration wells. The discoveries and ongoing exploration are intended to support domestic production and energy security; PHE’s production accounted for 64% of national oil lifting and 34% of gas lifting.

Prabowo to Make Overseas Working Visit; Yusril Says Vacant Vice-Presidency Is No Problem

President Prabowo Subianto is expected to travel overseas from 14 to 16 November, according to Coordinating Minister Yusril Ihza Mahendra. Yusril said the president can continue governing without a vice-president in office, with ministers assisting and modern communications enabling coordination.

Prabowo Can Govern Without a Vice-President, Yusril Says, Citing Legal Basis

Coordinating Minister for Legal Affairs Yusril Ihza Mahendra says President Prabowo Subianto can continue exercising his powers if the vice-presidential post becomes vacant, with no need to appoint an interim replacement or transfer presidential duties to the triumvirate. He says ministers retain their own portfolios and modern communications allow the President to direct the government while abroad.

Gibran: It All Began When I Was Asked to Accompany Prabowo

Gibran Rakabuming Raka says he had not sought the vice-presidency and accepted the 2024 election ticket after President Prabowo Subianto asked him to run as his running mate. The account comes as Gibran submits his resignation as vice-president, with the MPR preparing to discuss the process and timetable for selecting a successor.

Woman in Ciputat Unreachable for Two Days; Friend Asks Police for Help

A woman in Yogyakarta contacted the police after being unable to reach her friend, who lives alone in a boarding house in Ciputat, for two days and had recently said she was ill. Officers checked on the 25-year-old and found her safe and well; her phone had been set to silent, highlighting the role of the police’s free, 24-hour 110 service in responding to welfare concerns.

Government operating normally despite Gibran’s resignation: Bakom

Bakom official Syahganda Nainggolan said public services, economic activity and President Prabowo’s priority programmes remain unaffected despite Vice President Gibran Rakabuming Raka submitting his resignation letter to the MPR. He urged the public to avoid unverified speculation, while the MPR’s leadership reviews the letter.

Gibran Resigns; MK Petitioners Say It Is a Consequence of Exposed Election Fraud

Gibran Rakabuming Raka has resigned as vice-president after court rulings concerning whether his education documents met the eligibility requirements for the 2024 presidential election. KIPP’s secretary-general says the resignation follows the exposure of alleged irregularities in the nomination process, while stressing that the broader concern is electoral fairness and accountability for the Rp71.3 trillion election budget.

Prabowo Has 14 Days to Submit Two Vice-Presidential Candidates to the MPR

President Prabowo Subianto will have a maximum of 14 days after receiving formal notification from the MPR to submit two vice-presidential candidates, according to Coordinating Minister Yusril Ihza Mahendra. The MPR would then have up to 60 days to hold an election, with the process expected to be completed before the end of December 2026.

Gibran Says Resignation Is Not Due to Diploma Controversy

Vice-President Gibran Rakabuming Raka says his decision to resign was a personal choice made after careful consideration, not a response to the controversy surrounding his diploma. He says his educational documents are complete and have been submitted to the court, and calls for better organisation of democracy to prevent similar issues in future.

Airlangga Comments on Rupiah Hitting Rp18,250 and Gibran’s Resignation

Economic Affairs Coordinating Minister Airlangga Hartarto said political sentiment may be contributing to the rupiah’s fall to Rp18,250 per US dollar, while stressing that exchange-rate movements should be assessed over time. He also said energy subsidy costs remain manageable under current oil-price and currency assumptions, and urged wider use of local-currency transactions, including the yuan, to diversify exposure.

Defence Minister Praises Joint TNI Amphibious Operations Exercise

Defence Minister Sjafrie Sjamsoeddin praised the TNI’s amphibious operations exercise in Tangerang, saying it reflected steady improvements in the military’s capabilities. The drills involved 1,718 personnel and featured an autonomous submarine developed with state-owned shipbuilder PT PAL, alongside simulated air, naval and coastal assaults.

Nearly 50% of East Jakarta Apprentices Hired by Companies

Nearly half of the 200 people who have taken part in Jakarta’s apprenticeship programme in East Jakarta have subsequently been hired by companies, according to the local manpower office. The scheme gives secondary-school leavers six months of workplace experience and is part of a wider effort to expand employment opportunities; Jakarta’s open unemployment rate fell to 5.79% in the latest data cited for May 2026.

Pramono Responds to Reports He Is in the Running to Replace Gibran as Vice-President

Jakarta Governor Pramono Anung laughed off reports that he could be a vice-presidential candidate to replace Gibran Rakabuming Raka, offering no further comment. MPR Speaker Ahmad Muzani said the vice-presidential post became vacant after Gibran submitted his resignation and that the Constitution provides for a replacement to be appointed within 60 days.

Prabowo to Convene Coalition Parties to Discuss Gibran’s Successor

President Prabowo Subianto plans to consult the coalition parties that backed his administration about a replacement for Vice-President Gibran Rakabuming Raka, who has submitted his resignation. The MPR says it will need at least three days to prepare the process, while Prabowo has 14 days after receiving its letter to submit a candidate.

Indonesia’s Health Research Must Become a Business, Not Stop in the Laboratory

The Health Ministry is urging researchers to develop pharmaceutical and medical-device innovations that meet market needs and can be manufactured at scale, as high production costs and the gap between laboratory research and commercialisation remain key hurdles. It is calling for earlier collaboration among universities, research institutions, industry, regulators and funders to strengthen domestic manufacturing and reduce reliance on imports.

Heatwave Stresses Cows, Causing Hundreds of Millions of Litres of Milk to Disappear

Extreme heat and drought cut UK dairy output by more than 240 million litres during May–August 2026, while raising costs for farmers already facing tight margins. The article examines global dairy-market trends and warns that Indonesia’s reliance on imports makes domestic productivity and climate resilience increasingly important.

Viral Pink River Water in Bogor’s Gunung Putri: What Could Be the Cause?

Water in a river in Gunung Putri, Bogor Regency, turned pink, prompting residents to suspect pollution and seek action from local authorities. Bogor’s Environmental Agency said it would send staff to investigate and try to determine the cause.

Disasters in Cirebon Mainly Wildfires as Disaster Agency Prepares for Rainy Season

Cirebon Regency recorded 80 disasters between January and October 2026, with forest and land fires and extreme weather the most common. The local disaster agency has shifted its focus to preparedness for the rainy season, while warning residents that drought and clean-water shortages can also result from extreme weather.

Raja Juli, Giring and Isyana Resign, Leaving PSI NTB Feeling a Sense of Loss

The West Nusa Tenggara branch of the Indonesian Solidarity Party (PSI) says it feels a significant loss after three senior party figures—Raja Juli Antoni, Giring Ganesha and Isyana Bagoes Oka—resigned from the party leadership. Regional chair Budi Suryata urged members to respect their decision and continue grassroots work, saying public service extends beyond party politics.

Gibran Says Resigning as Vice-President Is a Personal Decision, Unrelated to Diploma Controversy

Gibran Rakabuming Raka says his decision to resign as vice-president is personal and has no connection to controversy over his educational credentials, adding that his documents have been submitted to the court. He describes the move as a difficult choice and calls for better democratic processes and greater certainty in government administration.

Central Jakarta Administration Calls on Religious Leaders to Strengthen Tolerance and Harmony

Central Jakarta officials have urged religious and community leaders to foster tolerance, preserve unity and counter intolerance in the city’s diverse society. A 2026 interfaith programme is bringing together leaders from six religions to build relationships and communication, with further visits planned across the municipality.

Danareksa Investments Launched with Rp172 Trillion in Assets under Management

Danareksa Investments has officially launched following the consolidation of four state-owned investment managers, bringing its assets under management to Rp172 trillion. The new company aims to expand investment access and diversify Indonesia’s financing sources, where asset-management penetration remains low and bank lending accounts for about 87% of funding.

Yusril: Prabowo Can Continue Governing on His Own if the Vice-President’s Office Is Vacant

Coordinating Minister Yusril Ihza Mahendra says there is no need to appoint an interim replacement if the vice-presidential post is vacant, as President Prabowo Subianto can continue to exercise executive powers himself. He says ministers can carry out their respective duties and coordinate with the President remotely, including during overseas visits.

BNN-Polri Uncover International Drug Network, Arrest Fugitive Muzammil

A joint operation by the National Narcotics Agency (BNN) and the National Police has uncovered a Malaysia–Madura drug network and secured Muzammil, a village head who had been wanted in a narcotics case since 2025. Investigators are continuing to develop the case after tracing financial activity, vehicles and locations linked to the network.

Tax Office Monitoring 1.9 Million Taxpayers Who Omitted Withholding Records

The Directorate General of Taxes says 1.9 million individual taxpayers omitted income-tax withholding records from their 2025 annual returns, potentially understating tax owed. It has emailed reminders to 475,698 taxpayers covering 3.72 million withholding certificates, and is using behavioural messaging to encourage full reporting.

Prabowo’s Full Statement on Gibran’s Resignation Addresses Education Controversy and Jokowi’s Eldest Son’s Career

President Prabowo Subianto says he has accepted, with regret, Vice-President Gibran Rakabuming Raka’s resignation while respecting and supporting his decision. Prabowo linked the move to concerns over education requirements under existing legal rulings and praised Gibran’s service during their two years in government.

Wearing Animal Costumes, Activists Voice Fears over Ecological Crisis

Activists from WALHI and Orang Muda Pulihkan Indonesia staged a protest outside Indonesia’s Forestry Ministry, calling for accountability for environmental crimes and a review of development policies they say worsen ecological damage. They stressed that protecting ecosystems and wildlife habitats is essential to sustaining both animal and human life.

Pramono Approves Six Months’ Rent-Free Stalls for Street Vendors Relocated to Kebayoran Lama

Jakarta Governor Pramono Anung Wibowo has approved a six-month waiver of stall rental fees for 206 street vendors being moved to official markets in South Jakarta. The relocation is part of a wider effort to organise street trading and address illegal parking, including through coordination with nearby shopping centre management.

Pramono to Write to Public Works Ministry over Pesanggrahan River Embankment Repairs

Jakarta Governor Pramono Anung will ask the Ministry of Public Works and Housing to repair the embankment along the Pesanggrahan River in Kebayoran Lama, saying the site needs urgent attention. The section in need of work is estimated at 300–700 metres; Jakarta’s administration is prepared to step in if the central government cannot act promptly, with repairs intended to help mitigate flooding.

Bomb Threats Sent to Schools Across Italy

A new wave of bomb-threat emails was sent to schools in several Italian regions, prompting evacuations and security checks. The messages also threatened Prime Minister Giorgia Meloni’s office, but sources said there was no specific indication that the threat was genuine.

Minister: 9,000 Central Java Residents Register for SMK Go Global

Around 9,000 people in Central Java have registered for the SMK Go Global vocational training programme, exceeding the province’s 2026 target of about 8,000 even before a memorandum of understanding was signed. The programme, funded by the state budget, aims to prepare and protect Indonesian migrant workers through skills training and certification, with the provincial government and the Ministry of Protection of Indonesian Migrant Workers expanding cooperation.

State Budget Allocates Rp91.57bn to Strengthen Forest and Land Fire Response in East Java

Indonesia’s 2026 State Budget allocation for the Sustainable Forest Management Programme in East Java has risen by 88.95% to Rp91.57 billion, its highest level in six years. The increase comes as fires have affected 10,835 hectares in the province so far this year, while spending of the allocation remained at 34.47% through September, prompting calls to speed up implementation.

Businesses Must Understand KBLI 2025 as Probolinggo City Strengthens Support

Probolinggo City has provided technical guidance to 135 businesses on implementing Indonesia’s 2025 Standard Classification of Business Fields (KBLI) and submitting investment activity reports (LKPM). Mayor Aminuddin said accurate business classifications and timely reporting are essential for legal certainty, effective investment policy and a healthy local investment climate; non-compliance can lead to administrative sanctions and licence revocation.

Two Defendants Sentenced to 16 Years for Brutal Badung Motorbike-Wash Murder

Two men have each been sentenced to 16 years in prison for the planned murder of Dean Ade Darmawan at a motorbike-wash business in Badung, Bali. The sentence is three years shorter than prosecutors had sought; the defendants accepted the ruling, while prosecutors are still considering whether to appeal.

124 Children and Women in West Bandung Fall Victim to Violence, with Causes Ranging from Economic Pressures to Gadgets

West Bandung recorded 124 child and adult female victims of sexual violence or harassment by 31 October 2026, alongside 25 domestic violence cases and six human trafficking cases. Officials say rising reports reflect both the scale of the problem and growing public willingness to speak out, while local authorities provide legal and psychological support despite limited capacity.

Turkey Forecasts Inflation to Hit 29.5% as Iran War Drives Price Pressures

Turkey’s central bank has raised its end-2026 inflation forecast to 29.5% from 28%, citing supply disruptions linked to the Iran war and persistent geopolitical uncertainty. With annual inflation already at 29.77% in October, the bank says elevated oil prices pose further risks, while maintaining longer-term targets for inflation to fall to 5%.