Indonesian Political, Business & Finance News

Archive: 1 November 2026

Showing 601-650 of 703 articles

Beware of Phone Hacking: Tips from the Intelligence Agency and OJK

The US National Security Agency and Indonesia’s Financial Services Authority (OJK) have urged users to strengthen mobile-phone security as cyber threats increasingly target devices and bank accounts. Their advice includes avoiding public Wi-Fi and USB charging ports, keeping software updated, protecting PINs and one-time passwords, and checking banking transactions carefully.

BP Batam Honours 19 Investors and Institutions at the 2026 Investment Awards

BP Batam honoured 19 companies and institutions for contributions ranging from job creation and SME development to sustainable investment, as Batam reported Rp59.73 trillion in investment realisation through the third quarter of 2026. Officials said the city was on course to meet its Rp70 trillion annual target, while stressing that investment’s benefits must reach more residents and identifying clean water provision as an ongoing priority.

Indonesia Partners with US to Prepare for Manufacturing Investment Surge and Development

Indonesia’s Industry Ministry has met the US-ASEAN Business Council to advance eight areas of cooperation intended to attract investment and support the country’s 8 per cent growth target. US investment reached US$2.97 billion in 2025, while the proposed collaboration emphasises technology transfer, stronger local suppliers and supply-chain integration across sectors including semiconductors, aerospace, energy and pharmaceuticals.

Pertamina Fuel Prices on 1 November 2026: Pertalite at Rp10,000, Pertamax Unchanged

Pertamina’s subsidised and non-subsidised fuel prices remained unchanged on 1 November 2026, with Pertalite at Rp10,000 and Pertamax at Rp15,950 per litre. The prices, last updated on 2 September, continue to apply at the start of November, while Pertamax Green 95 remains available only in some areas of Java.

Domestic Investment Nears Rp2,000 Trillion, Kadin Says Resilience Is Strengthening

Domestic investment (PMDN) has approached Rp2,000 trillion during the first two years of President Prabowo’s administration, accounting for more than half of national investment, according to Kadin Indonesia chairman Anindya Bakrie. He said the contribution of domestic investors, including medium-sized businesses, is helping strengthen Indonesia’s economic resilience amid global uncertainty.

Batik Campaign Held Through 116-Metre Batik Parade in Pekalongan

Pekalongan staged a parade featuring a 116-metre batik cloth and a batik-cloth mountain to promote batik as intangible cultural heritage. The event also encouraged the use of environmentally friendly natural dyes and marked the culmination of National Batik Day celebrations.

Ground Movement in Bogor Damages Homes and Prayer Room

Ground movement in Cijayanti village, Bogor Regency, damaged two homes and two public facilities after prolonged heavy rain; nine residents were affected, with no casualties reported. It is the second such incident in the village this year, following a movement in April that damaged seven homes and led to 28 residents being relocated.

Danantara Says It Did Not Pay Sponsorship for TIME100 Next Gala 2026

Indonesia’s sovereign investment agency Danantara says it made no sponsorship payment for the TIME100 Next Gala 2026 in New York, and that TIME’s use of its logo was an initial, non-financial gesture as the two sides explore cooperation. The proposed collaboration could involve Danantara’s participation in nine future TIME international forums to showcase Indonesian investment opportunities and strategic sectors to global investors.

Renovated Homes Bring New Hope to 16 Families in Rembang

PT Djarum has renovated or rebuilt 16 homes for low-income families in Rembang, Central Java, with assistance totalling at least Rp1.2 billion. The initiative forms part of its Rumah Sederhana Layak Huni programme, which has supported hundreds of households across the province and is intended to provide safer, healthier living conditions.

What Does the Supreme Court Ruling Mean for the Validity of Gibran’s Candidacy? Mahfud MD’s View

Mahfud MD says the Supreme Court’s ruling declaring Gibran Rakabuming Raka’s education-equivalency certificate “void” applies retrospectively, meaning it is treated as if it had never existed. The certificate was used for Gibran’s candidacies for mayor of Solo in 2020 and vice-president in 2024, prompting questions about the implications for their validity.

Indonesia and Myanmar Secure Four MoUs at Indonesia Expo 2026

Indonesia and Myanmar signed four MoUs covering natural gas, lubricants, finance and empowerment, and education during Indonesia Expo 2026 in Yangon, which brought together 77 participants to promote trade and investment. Bilateral trade reached US$958.9 million in 2025, while the expo also supported academic cooperation through a separate five-year university partnership.

Innova Driver Who Fled After Fatal Collision in Bantul Explains Why He Ran

A 41-year-old driver told police he fled after his Toyota Innova struck and killed a motorcyclist in Bantul because he panicked when people gathered at the scene. He was chased and detained by residents, and remains a witness while police collect further statements and evidence before deciding on the next steps.

Jasri Beach in Karangasem Draws Crowds for Banyu Pinaruh

Hundreds of people visited Jasri Beach in Karangasem on 1 November to observe Banyu Pinaruh, a Balinese Hindu ritual held the day after Saraswati. Visitors said the beach’s clean conditions and gentle waves made it a peaceful and family-friendly place to bathe and pray.

A week of developments: Bulog officials dismissed and airline ticket stimulus announced

Over the week of 25–31 October, Agriculture Minister Andi Amran Sulaiman dismissed eight officials from the National Food Agency and Bulog amid alleged misuse of subsidised SPHP rice. The government also announced Rp722 billion in VAT relief for domestic economy-class flights over the 2026/27 year-end holiday period, alongside developments in the stock exchange, crude oil imports and the Abadi Masela LNG project.

Soldier Allegedly Used Secret Military Information to Make Rp7.2 Billion on Betting Market

A US Army soldier accused of involvement in the operation to capture Venezuelan President Nicolás Maduro allegedly used classified operational information to earn more than US$400,000 on prediction market Polymarket. He faces five federal charges, while the case has renewed scrutiny of insider trading on prediction markets and the protection of national security information.

Mojtaba Khamenei Warns US and Israel Against Fresh Attack Plans

Iran’s Supreme Leader Mojtaba Khamenei warned the United States and Israel that Iran’s armed forces would decide how and when to end any renewed military or terrorist attack. The remarks came amid renewed diplomatic efforts to prevent a resumption of hostilities, while US Secretary of State Marco Rubio said President Donald Trump had not decided whether to launch further strikes.

Desti Melanti Reveals Four Keys to Boosting Indonesia’s Upstream Oil and Gas Investment

SKK Migas deputy Desti Melanti says comprehensive fiscal reform, stronger cross-sector coordination, integrated licensing and legal certainty are essential to attract upstream oil and gas investment and convert discoveries into production. Indonesia’s promising gas and condensate resources, including the Geng North discovery, will require commercialisation, domestic demand and financing partnerships to support energy security and economic growth.

Pagerwesi 2026 Falls on 4 November: Why Is It Celebrated as Grandly as Galungan in Buleleng?

Pagerwesi, a Hindu holy day dedicated to strengthening faith and safeguarding knowledge, falls on Wednesday, 4 November 2026. While observances are generally modest elsewhere in Bali, Buleleng marks it on a scale comparable to Galungan, with family gatherings and the distinctive tradition of visiting relatives’ graves to make offerings.

UMS Opens Admissions on 2 November 2026, Offering 83 Degree Programmes

Universitas Muhammadiyah Surakarta (UMS) will open admissions for the 2027/2028 academic year on 2 November, with applications accepted until 30 August 2027 across 83 programmes. The university is introducing revised entrance-test content aligned with secondary-school curricula, while retaining scholarship, report-card and test-based routes, and promoting its green-campus plans.

JCI Plunges to 5,057 as IDX Continues to Strengthen Capital Market Reforms

The Jakarta Composite Index (JCI) fell 7.03% to 5,057.050 in the week to 30 October, while market capitalisation and trading activity also declined. Despite the sell-off and cumulative foreign net selling of nearly Rp98 trillion this year, the Indonesia Stock Exchange (IDX) says it is pressing ahead with governance and surveillance reforms, demutualisation plans and new market initiatives.

Returning Fire-Rescued Orangutans to Their Natural Habitat

Nine orangutans rescued from forest and land fires in Ketapang have been released into Batu Nyambu Protected Forest after rehabilitation, including a mother and her offspring, Mama Angelo and Angelo. Their release highlights the lengthy veterinary and logistical work required to return wildlife to the forest, as well as the continuing need to protect habitat and prevent fires.

Agate Stones Have Lost Their Lustre

Agate trading, which boomed in Indonesia between 2014 and 2017, has fallen sharply, leaving sellers at Jakarta’s Rawa Bening Market struggling to find buyers. Traders say stones that once fetched tens of millions of rupiah now sell for a fraction of their former prices, while some visitors come to sell rather than buy.

Silver Prices Plunge to a One-Year Low, Following Gold’s Lead

Silver fell 6.27% on Friday to US$49.10 per troy ounce, its lowest level in a year, and was down 8.89% over the week. Surging energy prices and persistent inflation concerns have reinforced expectations that US interest rates will remain high for longer, weighing on precious metals that do not yield interest.

Mojtaba Khamenei Tells Iran’s Military Leaders to Keep US Assets Within Range

Iran’s Supreme Leader Mojtaba Khamenei warned that Tehran would determine when and how to respond if attacked again. In a meeting with senior military officials, he called for an immediate response to potential threats and ordered an updated target list placing US and Israeli assets within range of Iran’s armed forces.

Gerindra, PDIP and PKB Respond to Supreme Court Ruling on Gibran’s Equivalency Certificate

Gerindra has called on the education ministry and the General Elections Commission to explain the implications of the Supreme Court ruling that invalidated Vice-President Gibran Rakabuming’s high-school equivalency certificate. PDIP and PKB say the ruling strengthens calls for political action, with PDIP discussing a possible parliamentary inquiry and some party figures urging Gibran to resign.

Workers Not Eligible for the 2026 Wage Subsidy of Rp900,000: Are You Among Them?

The article outlines groups excluded from Indonesia’s 2026 Wage Subsidy Assistance (BSU), including civil servants, members of the armed forces and police, workers without active BPJS Ketenagakerjaan membership, and those earning above the applicable limit. Under a regulation issued by the Ministry of Manpower, eligible workers must meet the social-security and income criteria, with the wage ceiling adjusted in areas where the local minimum wage is higher.

As the Long Queues Ease, Activity Returns to Normal

Long queues for subsidised Biosolar diesel at petrol stations in Banda Aceh and Aceh Besar have disrupted the working day for truck and public transport drivers. One material-truck driver says he has had to start earlier or queue at night, with waiting times of up to an hour threatening the number of jobs he can complete and his family’s income.

Investment Tops Rp2,000 Trillion; Kadin Urges Prabowo to Strengthen Indonesia’s Economy

Kadin chairman Anindya Bakrie said domestic investment (PMDN) has reached nearly Rp2,000 trillion in the first two years of President Prabowo’s administration, accounting for more than half of national investment. He said this reflects the role of domestic businesses in building economic resilience and highlighted electric vehicles, renewable energy and data centres as future industries with strong potential for local components.

DPR Commission I Backs Foreign Ministry Probe into Indonesian Killed Fighting for Russia in Ukraine

A senior lawmaker has urged the Indonesian government to verify reports that an Indonesian national died while serving in Russia’s military in Ukraine, and to investigate how he was recruited. The Foreign Ministry says it is pursuing diplomatic verification with Moscow and has asked Russia to exclude Indonesians from military recruitment, amid concerns about possible human trafficking and the need to support the victim’s family.

Prabowo Meets 250 Businesspeople as Domestic Investment Nears Rp2,000 Trillion in Two Years

President Prabowo Subianto met 250 members of the Indonesian Chamber of Commerce and Industry (Kadin) and around 400 participants in a leadership programme at Hambalang. Kadin chief Anindya Bakrie said domestic investment had reached nearly Rp2,000 trillion during the first two years of Prabowo’s administration, reflecting business confidence and support for future industries including electric vehicles, renewable energy and data centres.

Timeline: Two Students Chase and Kick University Student to Death in Denpasar

Two high-school students in Denpasar have been arrested after allegedly chasing and assaulting a 23-year-old university student following a minor collision, then leaving him injured on the road. The victim later died in hospital; police say the teenagers face up to 12 years in prison under Article 262(4) of the Criminal Code, pending autopsy results.

Court Rulings Highlight Questions over Vice-President Gibran’s Education History

Indonesia’s Supreme Court has upheld a resident’s challenge to the legal status of Vice-President Gibran Rakabuming Raka’s high-school equivalency certificate, declaring the document invalid and void. The ruling follows earlier dismissals in lower courts and a separate Constitutional Court case that rejected a challenge to the 2024 presidential election result on standing grounds, while another related lawsuit has been withdrawn.

Bahlil Suspects Indonesian LNG Is Being Resold to Other Countries; Singapore Responds

Singapore says LNG traded by companies based there is generally shipped directly from its source to its final destination, rather than physically passing through Singapore. The response follows Bahlil Lahadalia’s suspicion that some of the 148 LNG cargoes sent from Indonesia to Singapore were resold, as Indonesia has also cut piped gas supplies to redirect energy to domestic needs.

Kadin Records Rp2,000 Trillion in Domestic Investment under Prabowo

Kadin says domestic investment approached Rp2,000 trillion during President Prabowo Subianto’s first two years in office, reflecting business confidence and helping to bolster economic resilience. The chamber also pledged to support future-facing industries and called for closer government–business cooperation in areas including food security and human-capital development.

Two Mobile SIM Service Locations in Jakarta This Sunday

Jakarta’s mobile driving-licence service will operate at two locations on Sunday, from 7am to noon, offering renewals for valid SIM A and SIM C licences. Applicants must bring the required identity, health and psychological-test documents; expired licences cannot be renewed through the mobile service, and additional testing fees apply.

Metro Jaya Police Chief Orders Officers to Support Home Renovation Programme in Palmerah

Metro Jaya Police Chief Dadang Hartanto has instructed officers to support the Housing and Settlement Areas Ministry’s home renovation programme, including in Palmerah, West Jakarta. The initiative combines housing assistance with free health services and financial-capital information, while the minister has urged public and media scrutiny to ensure the aid is transparent and reaches its intended beneficiaries.

Badung Caka Fest 2027: Schedule, Categories and Entry Requirements for the Ogoh-ogoh Competitions

Badung Caka Fest 2027 will feature competitions in ogoh-ogoh mask-making, drawing and sculpture, with events scheduled from 10 February to 3 March. The rules include environmental requirements for materials, residency and participation criteria, and size limits for entries; organisers hope the festival will grow into an international tourism attraction.

Jakarta’s Air Is Unhealthy for Sensitive Groups This Sunday Morning

Jakarta recorded an air-quality index of 140 on Sunday morning, with PM2.5 concentrations 10.3 times the World Health Organization’s annual guideline. Sensitive groups were advised to limit outdoor activity and take precautions, while the Jakarta provincial government highlighted collaborative efforts and measures to reduce vehicle emissions.

Nigerian Forces Raid Criminal Group, Killing 30 Bandits

Nigerian security forces say they killed more than 30 armed bandits during an operation in Zamfara state after the group attempted to attack Bukkuyum. A local traditional leader put the death toll above 40, while one vigilante was killed and another injured; the incident underscores the persistent threat posed by criminal groups in north-western Nigeria.

Chaos in Germany: Gen Z Protests Turn into a Battlefield as Shops Are Looted

Tens of thousands of young people took part in demonstrations across 34 German cities, calling for better education, lower living costs and opposition to compulsory military service. Most protests were peaceful, but looting and clashes in Frankfurt, along with arson in Hamburg, heightened concerns about extremist groups exploiting the movement and the pressures facing young people.

Raffi Ahmad’s Full Statement on Attending the Youth Pledge Declaration

Raffi Ahmad has apologised for the controversy surrounding his attendance at the 29 October Indonesian Students’ Youth Pledge Declaration, saying he had attended as an invited guest with good intentions. He said the episode had prompted him to be more careful, and thanked those who had offered criticism and feedback.

PKS Faction Urges Jakarta Provincial Government to Review Andrea Bocelli Concert

The PKS faction in Jakarta’s provincial legislature has asked the provincial government to clarify whether it is supporting Andrea Bocelli’s 3 November concert and to reconsider the event. The request follows objections raised by the Indonesian Ulema Council over claims about Bocelli’s involvement in fundraising said to support the Israeli military; PKS says the claims should be examined and the government should disclose any public or state-owned enterprise support.

Indonesian Entrepreneurs Say Resilience Is Strong as Country Remains a ‘Bright Spot’

Kadin chairman Anindya Bakrie said business optimism is growing under President Prabowo, pointing to nearly IDR 2,000 trillion in domestic investment over the administration’s first two years and the private sector’s role in economic resilience. He also cited opportunities in electric vehicles, renewable energy and data centres, and argued that businesses can drive growth and create globally competitive entrepreneurs.

Prabowo Meets Entrepreneurs and Future Leaders to Discuss Investment

President Prabowo Subianto met around 400 participants in the P3MDI leadership programme and 250 Kadin members in Hambalang, where he received updates on investment and the private sector’s contribution to national development. Kadin chairman Anindya Bakrie said domestic investment had reached nearly Rp2,000 trillion during the first two years of Prabowo’s administration, while business leaders pledged support for emerging industries including electric vehicles, renewable energy and data centres.

AFS Indonesia Marks 70 Years with Run and Walk Event

Bina Antarbudaya Foundation held its third AFS Sunset Run & Walk in Tangerang to mark 70 years of the AFS exchange programme in Indonesia. The event brought alumni and communities together while promoting active lifestyles, intercultural learning and youth engagement.

Kadin: Investment Tops Rp2,000 Trillion Under Prabowo-Gibran Government

Kadin chairman Anindya Bakrie says domestic investment reached nearly Rp2,000 trillion during the first two years of President Prabowo Subianto and Vice-President Gibran Rakabuming’s administration, reflecting confidence among Indonesian businesses. Kadin plans to promote investment in future industries such as electric vehicles, renewable energy and data centres, while broadening opportunities for regional and medium-sized businesses.

Raffi Ahmad Speaks Out About Attending Youth Pledge Declaration Event

Presidential special envoy Raffi Ahmad has apologised for the controversy surrounding his attendance at the Indonesian Students’ Youth Pledge Declaration in Jakarta, saying he attended with good intentions. The event drew criticism after it emerged that some attendees presented as students were not genuine students; the Jakarta Metro Police also apologised and said the incident would be reviewed.

Hackers Suspected of Stealing Rp100 Trillion in Crypto from Binance: How They Did It

Binance says hackers stole an estimated US$6.3 billion in cryptocurrency after compromising a software engineer’s laptop and using it to submit unauthorised withdrawal transactions. A coalition of crypto firms has frozen about US$3 billion, while Binance says it will cover the losses and has temporarily suspended deposits and withdrawals during its security investigation.

Israel Election Results Do Not Fully Favour Netanyahu

Benjamin Netanyahu’s right-wing coalition won 53 of the Knesset’s 120 seats, finishing ahead of the opposition but short of the 61 needed to form a majority government. Arab parties secured a record 19 seats, potentially making them pivotal in coalition talks, while unsubstantiated allegations of electoral fraud and the prospect of another election add to the political uncertainty.

Latest Scenes as Students and Workers’ Protesters Block Roads and Surround Port

Tens of thousands joined demonstrations and a 24-hour general strike across Italy, calling for higher wages and better public services while opposing rising living costs and military spending. Protests included a port occupation in Genoa and clashes with police in Turin, and similar rallies were reported in several other European countries.