Indonesian Political, Business & Finance News

Archive: 2 November 2026

Showing 451-500 of 1,515 articles

Salt self-sufficiency must secure supply for industry: Indef

Indef researcher Ahmad Heri Firdaus says Indonesia’s drive for salt self-sufficiency by 2027 must ensure industries can reliably access affordable raw materials and remain competitive. With annual demand of 4.8–4.9 million tonnes far exceeding domestic production of 1–2 million tonnes, imports may remain necessary during the transition while production capacity and downstream processing are expanded.

Economist: Widening Current Account Deficit Could Put Rupiah Under Pressure Amid Uncertainty

Permata Bank economists warn that Indonesia’s current account deficit could widen to 2.49% of GDP in 2026 and remain elevated in 2027, increasing pressure on the rupiah and foreign-exchange reserves. They also expect weaker trade surpluses, further Bank Indonesia rate rises and the possibility of the rupiah falling beyond Rp19,000 per US dollar next year.

DBS Group Named Asia’s Safest Bank for 18th Consecutive Year

DBS Group has retained Global Finance’s title of Asia’s Safest Bank for the 18th consecutive year, with the recognition reflecting its financial strength, risk management and governance. The annual ranking assesses long-term foreign-currency ratings from Moody’s, S&P and Fitch for the world’s 500 largest banks.

Danantara CIO Pandu Patria Sjahrir Highlights the Importance of Balancing Investment Returns and Strategic Impact

Danantara says its investment decisions will balance commercial returns with strategic impact, supported by disciplined financial and risk management. A US$1.5 billion waste-to-energy project’s bond issue attracted nearly four times the amount offered, while Danantara is preparing a pipeline of more than 40 strategic projects and targets US$20–30 billion in investment over the next two to three years.

Tax Office Clarifies Overseas Money Transfers Are Not Automatically Taxable

Indonesia’s Directorate General of Taxes says overseas transfers and remittances will not automatically incur VAT, clarifying that a system due to take effect on 9 November is a collection mechanism for qualifying overseas digital transactions, not a new tax. The clarification follows comments by Kadin adviser Hashim Djojohadikusumo suggesting banks, fintech firms and e-commerce platforms would begin collecting taxes, as the government seeks to raise state revenue.

Restaurant Kitchen Fire in Melawai Leaves One Person Injured

A suspected leak in an LPG hose sparked a fire in a restaurant kitchen in Melawai, South Jakarta, leaving one employee with minor injuries. Staff used a fire extinguisher to contain the flames before firefighters arrived; five fire engines and 20 personnel completed cooling operations within minutes.

Chinese Phones Fall Out of Favour as Xiaomi Finds a New Cash Cow

A global smartphone downturn, driven by soaring memory-chip costs and component shortages, has hit Chinese manufacturers particularly hard, with Xiaomi’s shipments plunging by more than 30% year on year in the third quarter of 2026. Xiaomi is offsetting pressure on its handset business with rapid growth in electric-vehicle deliveries, reporting more than 50,000 units in October and reaching about 61% of its 2026 delivery target by the end of that month.

Coordination under way on single-gate resource exports: Lahadalia

Energy and Mineral Resources Minister Bahlil Lahadalia said Indonesia is coordinating with DSI to channel strategic natural resource exports through a single gate, allowing shipments to go directly to destination countries. The phased policy, initially covering coal, crude palm oil and ferroalloys, is intended to strengthen export oversight and visibility of export proceeds, with full implementation targeted by 1 January 2027.

Japan launches new national agency to deal with disasters

Japan has launched a National Disaster Management Agency, staffed by more than 350 workers, to coordinate preparedness, emergency response and reconstruction amid fears of major earthquakes and other hazards. The agency will also push nationwide readiness reviews and improve evacuation-centre conditions, addressing gaps highlighted by the 2011 disaster and limited municipal planning.

South Korea Unleashes Huge AI Budget, Targets US$1 Trillion in Exports

President Lee Jae Myung has asked parliament to approve a record 2027 budget, with a sharp increase in spending on AI, semiconductors and data centres. South Korea is also counting on booming chip exports and private-sector investment to drive growth, while establishing a large fund for future industries and strengthening the infrastructure needed to support AI.

Indonesian Government Warns of Brokered Marriages Involving Foreigners

Lampung immigration officials have warned the public about alleged brokers arranging marriages between Indonesian women and foreign nationals, reportedly offering brides 60 million to 100 million rupiah. Officials say such commercial arrangements could lead to exploitation and are investigating the network, while stressing that properly documented mixed marriages are legal.

DayOne supports NVIDIA DSX POD reference design to advance standardised AI infrastructure

Singapore-based DayOne Data Centers says its modular, integrated delivery model will support NVIDIA’s DSX POD reference design, which aligns computing, power and cooling infrastructure for AI deployments. The company says prefabrication can cut data centre delivery timelines in Southeast Asia to eight to 12 months, helping customers bring capacity online faster as demand for AI infrastructure grows.

UNM Presents Awards as Rector Emphasises the Importance of Supporting Student Talent

Universitas Nusa Mandiri (UNM) has honoured students across nine categories spanning academic achievement, research, sport, entrepreneurship and creativity. Rector Prof Dwiza Riana said student success depends not only on individual effort but also on faculty mentoring and institutional support, including opportunities to compete nationally and internationally.

Police and BNN Destroy Cannabis Fields Often Planted in Hard-to-Monitor Areas in Aceh

Police, Indonesia’s National Narcotics Agency (BNN) and Aceh police uncovered and destroyed cannabis fields covering about 25 hectares in North Aceh. Officials said growers deliberately chose remote, difficult-to-reach sites to avoid detection, while the harvested cannabis was distributed to areas across Indonesia, including known drug hubs.

Papua Pegunungan Proposes Four Sites for New Sekolah Rakyat Schools

Papua Pegunungan has proposed four sites, each around 10 hectares, for permanent Sekolah Rakyat schools to widen access to education. The Social Affairs Ministry supports the proposal in principle but requires land certificates and other administrative conditions before it can assess the locations; the provincial government also sought help addressing drought-related clean-water shortages.

P2MI Minister Urges Hong Kong to Open More Formal Job Opportunities for Indonesian Migrant Workers

Indonesia’s Migrant Workers Protection Minister Mukhtarudin has urged Hong Kong to expand formal-sector employment opportunities for Indonesian migrant workers, 99.92 per cent of whom are currently placed in domestic work. The two sides discussed care-sector schemes, skills alignment, workers’ rights and closer coordination on employment disputes and immigration matters.

Deputy Religious Affairs Minister Urges Islamic Boarding School Students to Reject Four ‘Great Enemies’ Allegedly Orchestrated by Foreigners

Deputy Religious Affairs Minister Romo HR Muhammad Syafi’i urged Islamic boarding school students to resist what he described as four major threats engineered by foreign forces, warning that they could undermine young people and divide the nation. Speaking at a scout gathering in Lebak, he also invoked pesantren alumni’s role in Indonesia’s independence struggle.

Sungrow advances integrated C&I microgrid solution in Southeast Asia

Sungrow says its integrated commercial and industrial microgrid solution combines system optimisation, AI-based energy dispatch and protection features to lower costs and improve power reliability. Deployed in Southeast Asian projects, including Indonesia, the system is intended to reduce reliance on diesel generation; a Solomon Islands hotel installation is reported to cut fuel costs and annual carbon emissions.

House of Representatives Awaits Political Parties’ Response to Supreme Court Ruling on Gibran’s High School Diploma Certificate

A House of Representatives member says the legislature cannot decide how to respond to the Supreme Court ruling on the validity of Vice-President Gibran Rakabuming Raka’s high school diploma equivalency certificate without consulting the political parties represented in parliament. He is urging party leaders to meet promptly and agree on a recommendation, amid ongoing debate over a related Constitutional Court ruling.

Danantara Strengthens Indonesia’s Investment Reputation at TIME Forum

Danantara Indonesia’s participation in a TIME forum in New York offers an opportunity to raise the profile of Indonesia’s investment potential and connect with global stakeholders. Communications experts caution that visibility alone cannot secure investor confidence: credibility will ultimately depend on transparent governance, sound investment decisions and delivery on commitments.

Minister says electricity exports remain off Indonesia’s agenda

Energy and Mineral Resources Minister Bahlil Lahadalia says Indonesia will not export electricity in the near future because domestic demand remains unmet, and warns BPI Danantara against lobbying over export permits, which he says fall under his ministry’s authority. The position contrasts with ongoing Indonesia-Singapore discussions on green-power export pricing, a proposed cooperation that President Prabowo has assigned Danantara to implement.

Sukoharjo Police Chief Removed as Police Pledge Internal Reform

AKBP Andhika Dharma Sena has been removed as Sukoharjo Police Chief following a search of the Hamalatul Quran Islamic boarding school in Sukoharjo and Karanganyar. Three other Sukoharjo police officers have also been suspended and are being investigated by the police’s Professional and Security Division over alleged ethics violations; the National Police says the reshuffle is part of efforts to improve integrity and professionalism.

Bumibaru optimises unproductive land in Bogor for farming

Bumibaru is restoring previously unproductive plots in Cijeruk and Jonggol, Bogor, and matching crops to local soil conditions to support agricultural output and national food supply chains. The company is also seeking partnerships with food and FMCG businesses to provide agricultural commodities as production inputs.

US Weighs Resuming Strikes on Iran After Midterm Elections

President Donald Trump is considering a range of military and diplomatic options for Iran after the US congressional midterm elections on 3 November, although no final decision has been made. The reported scenarios include renewed strikes and continued pressure through a naval blockade, while Vice-President JD Vance has proposed resuming direct negotiations focused from the outset on Iran’s nuclear programme.

Indonesians Are Travelling Abroad Less Often: What Does It Signal?

Domestic trips by Indonesians rose to a record 938.84 million in the first nine months of 2026, while outbound trips fell 4.6 per cent year on year. Statistics Indonesia attributed the monthly decline in overseas travel partly to higher international airfares and haze, while foreign arrivals and visitor spending continued to grow.

North Jakarta City Government Encourages Students to Explore Literacy at Book Camp 2026

North Jakarta’s library and archives agency is using its three-day Book Camp 2026 to encourage students to see literacy as more than reading, with creativity, communication and expression also in focus. The event brought together 85 student literacy ambassadors from 40 secondary schools, aiming to build lasting collaboration and a more active literacy ecosystem.

Indonesian Police and BPOM to Draft Rules on Kratom Use and Misuse

Indonesia’s National Police and the Food and Drug Monitoring Agency (BPOM) will discuss regulations to govern kratom, which officials say may have medicinal potential but also carries risks of misuse. The coordination aims to establish clearer oversight, amid warnings from the National Narcotics Agency about kratom’s potential use as a drug.

Sukoharjo Islamic Boarding School Raid Controversy: Police Chief and Three Officers Removed by National Police Headquarters

Indonesia’s National Police have removed Sukoharjo Police Chief Andika Dharma Sena and three other officers from their posts while an internal investigation examines a controversial search of a girls’ Islamic boarding school. Investigators are reviewing both the handling of a separate arson and vandalism case involving a pork-noodle stall and possible ethical breaches during the search.

Chandra Asri: Rp15 Trillion CA-EDC Project to Deliver Broad Economic Benefits

Chandra Asri says its Rp15 trillion CA-EDC facility in Cilegon is 85 per cent complete and is expected to begin commercial operations in the second half of 2027. The project is forecast to boost domestic chemical supply, replace imports and contribute up to Rp45 trillion to national GDP over 2027–2040, while supporting thousands of jobs.

20-Month-Old Baby Dies After Stepfather Repeatedly Dunks Him in a Bucket

A 22-year-old stepfather and the child’s 19-year-old mother have been named suspects in the alleged fatal abuse of their 20-month-old child in a public toilet in South Jakarta. Police say the couple cited financial hardship as their motive; investigators are continuing to establish each suspect’s role and are conducting an autopsy.

Indonesian MP urges sustained action after Jakarta drug raid

MP Adang called for a sustained, coordinated campaign against drug trafficking after a joint operation in North Jakarta arrested 27 suspects and seized firearms. He said raids should be followed by efforts to dismantle wider networks and trace criminal proceeds, alongside prevention, rehabilitation and community support.

MP Rajiv Donates Rp100 Million to Residents Affected by Forest and Land Fires

NasDem Party MP Rajiv has provided Rp100 million in aid to residents affected by forest and land fires in Central Kalimantan, coordinating with fellow MP Andina Thresia Narang to help ensure it reaches those most in need. He said the contribution reflects cross-regional solidarity and called for sustained cooperation and prevention to tackle recurring fires and their effects on public health and livelihoods.

Phapros Posts 311.58% Rise in Net Profit in Third Quarter of 2026

Phapros, a subsidiary of state-owned pharmaceutical company Kimia Farma, reported consolidated net profit of Rp31.60 billion for January–September 2026, up 311.58% year on year. Higher sales and improved margins supported the result, while the company also reported stronger operating cash flow and said it would continue cost controls and product development.

Telkom accelerates AI adoption among enterprise customers, building data and talent foundations

Telkom is promoting wider enterprise use of AI, with director Veranita Yosephine stressing that structured data and skilled staff are essential for turning experimentation into trusted business implementation. The company is expanding integrated offerings spanning connectivity, AI, data centres, cloud and cybersecurity to help businesses adopt the technology securely and improve operational effectiveness.

Jakarta governor backs police drug crackdown in North Jakarta

Jakarta Governor Pramono Anung has voiced full support for the National Police’s crackdown on drug trafficking in Kampung Bahari and pledged the city administration’s cooperation in efforts to eradicate narcotics across the capital. A joint police and National Narcotics Agency operation on Sunday involved searches around railway tracks and nearby homes, with officers reporting resistance, seized evidence and detained suspects.

Central Java Provincial Government Collects 31,032.44 Litres of Used Cooking Oil from Civil Servants

Central Java has collected 31,032.44 litres of used cooking oil from 60,680 provincial civil servants and regional-owned enterprise employees, as part of a campaign linking environmental protection with public health. The province is also expanding Posyandu community health post roles to help residents access social protection, alongside launching a programme to strengthen volunteers’ support for vulnerable groups.

Indonesia to showcase 500 research products at science convention

Indonesia will exhibit 500 research products selected from about 850 proposals at the upcoming convention in Surabaya, which aims to connect research and innovation with industry and support economic growth and public welfare. The event will also address strategic priorities including food and energy security, healthcare, industrialisation and disaster resilience, and is expected to produce policy briefs to guide national research and policymaking.

Young Man Swept Away at Keramas Beach Found Dead

A 19-year-old man who was swept away by currents while swimming at Keramas Beach in Gianyar, Bali, has been found dead. A joint search team located his body about 100 metres east of the reported drowning site and ended the search operation after handing him over to his family.

Indonesian Coal Exports Transiting Singapore Could Reach 60 Million Tonnes

Energy and Mineral Resources Director General Tri Winarno said Singapore’s recorded coal exports may amount to 50–60 million tonnes, despite the city-state having no coal mines, and suggested the shipments could originate in Indonesia. His remarks follow Energy Minister Bahlil Lahadalia’s directive for Indonesian natural-resource exports, including coal and LNG, to be shipped directly to destination markets rather than routed through third countries.

Indonesia Cannot Yet Export Electricity, Bahlil Says Domestic Needs Come First: ‘We Still Need It’

Indonesia will not export electricity in the near future because domestic demand remains the priority, Coordinating Minister Bahlil Lahadalia said. He warned Danantara against lobbying on export approvals, which fall under the Energy and Mineral Resources Ministry, while negotiations continue over the price of planned green electricity exports to Singapore.

Mayday! Hysterical Recording of Private Jet Pilot Before Steep Crash in Florida

Radio recordings reveal that a Learjet 60 pilot reported ice build-up and moderate turbulence before declaring an emergency and describing an extreme loss of altitude. At least nine people aboard died when the aircraft crashed in Florida; US authorities are investigating, and it remains unclear whether storms contributed.

When hope grows from thirsty soil

Kaliwedi village in Sragen has transformed from a rain-fed farming community into a major rice-producing area, after investment in deep wells overcame severe water shortages. The village now has 108 wells irrigating about 250 hectares, enabling three harvests a year and sharply higher output, illustrating how local initiative, community support and financing can strengthen food security.

Angler Who Went Missing at Bogor Quarry Found Dead

A 43-year-old angler who was feared drowned at a former sand-mining quarry in Rumpin, Bogor, was found dead by a joint search and rescue team. His body was evacuated and handed over to his family; the search had been delayed by darkness and rubbish at the site.

Deputy Minister Urges Universities to Shape the Direction of AI Development

Deputy Communications and Digital Affairs Minister Nezar Patria has called on universities, particularly in Aceh, to help shape Indonesia’s AI ecosystem through talent development, research and practical adoption. He said Indonesia can compete by applying AI to improve public services and economic activity, while ensuring digital sovereignty, workforce readiness and collaboration among government, academia and industry.

Shopee and Creative Economy Ministry Help 200 Santri Build Digital Skills

Shopee and Indonesia’s Ministry of Creative Economy have launched Santri Matic, a digital-skills programme for 200 students from 22 Islamic boarding schools in the Greater Solo area. The initiative aims to help santri use e-commerce and digital platforms to develop creative products, launch businesses and expand their economic opportunities; the organisers say they plan to roll it out nationally.

Indonesians’ Overseas Travel Falls as BPS Highlights Airfares and Haze

Statistics Indonesia (BPS) recorded 600,605 overseas trips by Indonesian citizens in September 2026, down both month on month and year on year, citing higher international airfares and haze-related flight disruption. Domestic travel also fell from August, although it remained above the level a year earlier and reached a January–September high since 2019; foreign arrivals increased year on year over the first nine months.

Serang City Council Member Named Suspect in Sexual Harassment Case

Pandeglang police have named DK, a serving Serang City Council member and former military officer, as a suspect over alleged indecent assaults on a woman on two occasions. Investigators have questioned eight witnesses and examined CCTV evidence, while DK’s lawyer says he will seek a suspension of detention.

Vice-President Gibran Calls for Tolerance in Kalumpang, West Sulawesi

Vice-President Gibran Rakabuming urged Indonesians to protect unity, peace and tolerance while attending the centenary of the Gospel’s arrival in Kalumpang, Mamuju Regency. He praised the area’s interfaith harmony and called on residents, particularly young people, to resist misinformation and preserve local culture and traditions.

Bitter Pill for Trump: US Bankruptcy Filings Top 620,000

US bankruptcy filings reached 621,111 in the 12 months to September 2026, up 11.4% year on year, while business filings more than doubled compared with 2022. Major companies including Saks Global, Trinseo and Getty Images have sought bankruptcy protection or restructuring, amid debt burdens and rising operating costs. The increase predates Donald Trump’s return to office, though tariffs and other costs remain pressure points for businesses.

Deputy Social Affairs Minister Agus Jabo Receives Papua Highlands Proposal for Four People’s Schools

The Papua Highlands provincial government has proposed four sites for permanent People’s Schools, with two in Jayawijaya and one each in Yahukimo and Yalimo. The Social Affairs Ministry supports the plan in principle, but says land documentation and other site requirements must be completed before feasibility surveys can begin.