Indonesian Political, Business & Finance News

Archive: 2 November 2026

Showing 501-550 of 1,515 articles

Strong Fundamentals: Superbank’s Pre-Tax Profit Surges 376% in Q3 2026

Superbank reported pre-tax profit of Rp385 billion in the third quarter of 2026, up 376% year on year, as deposits grew 79.3% to Rp17.6 trillion and its customer base surpassed eight million. The digital bank also recorded growth in lending, assets and net interest income, while highlighting stronger operational efficiency, capital adequacy and expansion of its integrated services.

2,000-Drone Light Show Opens Celebrations for Chinese Air Force Anniversary

A 2,000-drone light show over Zhuhai launched events marking the 77th anniversary of the People’s Liberation Army Air Force (PLAAF), which falls on 11 November. The celebrations will also include aerobatic displays, showcasing the force’s development, equipment and operational capabilities, as well as its stated commitment to air and space security.

Foreign Ministry Confirms Repatriation of Bodies of Two Indonesians Who Drowned in Japan

Indonesia’s Foreign Ministry says arrangements are under way to repatriate the bodies of two Indonesian nationals who drowned while fishing off Ibaraki Prefecture, Japan. The two 21-year-old victims were interns, and the Indonesian Embassy in Tokyo is coordinating with Japanese authorities and the internship-supervising organisation on insurance and repatriation arrangements.

Trenggalek State Primary School Fence Collapses in Landslide

A landslide triggered by heavy rain damaged about 10 metres of the fence and retaining structure at SD Negeri 2 Pandean in Trenggalek. Classes are continuing under adjusted arrangements while local authorities seek support for clean-up and repairs, amid wider extreme-weather damage across five subdistricts.

Rupiah Closes Monday at Rp18,156 Amid Prospects of US-Iran Diplomacy

The rupiah weakened 0.05% to Rp18,156 per US dollar, with currency analyst Ibrahim Assuabi attributing market movements partly to the prospect of US-Iran diplomacy and continued geopolitical risks. Indonesia’s trade surplus, subdued monthly inflation and stronger manufacturing activity offered support, although external dollar pressures and uncertainty over energy routes remained concerns.

DPR Parties Weigh In on Gibran’s Diploma, Citing Article 7A and ‘State Politics’

Several parties in Indonesia’s House of Representatives have responded to legal rulings concerning Vice-President Gibran Rakabuming Raka’s school qualification equivalency certificate. PAN is reviewing the Constitutional Court ruling, while Golkar says the Supreme Court decision must be respected and could shift the controversy into the political sphere; PDI-P says the issue concerns constitutional eligibility requirements.

Rupiah Fails to Strengthen Despite Trade Surplus: Here’s Why

The rupiah weakened against the US dollar despite Indonesia recording a September trade surplus, as global uncertainty over the Iran conflict and expectations of further US Federal Reserve rate rises weighed on sentiment. Domestic inflation and manufacturing data were positive, but markets also awaited a series of US economic indicators.

Papua Pegunungan Provincial Government Proposes Four Sites for Sekolah Rakyat Schools

Papua Pegunungan’s provincial government has proposed four sites for permanent Sekolah Rakyat schools, on provincial land in Jayawijaya, Yahukimo and Yalimo. The Ministry of Social Affairs supports the plan in principle, but says land certificates and other administrative and site requirements must be completed before feasibility surveys can proceed; the meeting also addressed requests for wells amid drought-related water shortages.

Motorcycle Theft Suspect Apprehended by Residents in Kalideres After Failed Getaway

Residents in Semanan, West Jakarta, detained a man suspected of attempting to steal a motorcycle after they caught him trying to move it. Police say the suspect and the motorcycle’s owner gave differing accounts, and officers are continuing their investigation.

CNA explains: What happens to carbon credits when the forests protecting them burn?

Wildfires threatening Indonesian forests tied to carbon-credit projects raise questions about whether previously issued credits remain valid and whether shared buffer pools can cover verified carbon losses. Experts say projects’ climate benefits must be assessed through scientific verification, while climate-driven fires could overwhelm reserves; credit-funded patrols and peatland management may help prevent fires, and demand for Indonesian credits has so far remained steady.

Golkar’s Doli Predicts Two Scenarios if Party Leaders Meet to Discuss Gibran Controversy

Golkar deputy chairman Ahmad Doli Kurnia says party leaders should meet urgently following the Supreme Court’s ruling that Vice-President Gibran Rakabuming Raka’s high-school equivalency certificate was invalid. He outlines two possible outcomes: Parliament could take no political action, or pursue a constitutional process through the right to express an opinion, potentially leading to a Constitutional Court review and referral to the People’s Consultative Assembly.

Financial Problems Put Two Shares on the IDX Special Watchlist

The Indonesia Stock Exchange (IDX) has placed shares in Triniti Dinamik and Sriwahana Adityakarta on its special monitoring list, citing stagnant or absent revenue for the former and negative equity for the latter. The measures take effect on 3 November 2026; TRUE shares have plunged 86.67% this year, while SWAT has been suspended since June 2025.

Xiaomi 18 Pro Series Confirmed for Global Launch in November 2026

Xiaomi has confirmed that its Xiaomi 18 Pro series will launch globally in November 2026, the same year as its initial China release. The move marks a change from the previous generation, whose Pro models were restricted to China, although global battery specifications may differ and market availability, pricing and other details have yet to be confirmed.

42 SMEs on IDX Acceleration Board Raise Rp2 Trillion Through IPOs

Forty-two small and medium-sized enterprises listed on the Indonesia Stock Exchange’s Acceleration Board have raised a total of Rp2 trillion through initial public offerings. The IDX and the Ministry of MSMEs are also coaching 23 firms for potential listings next year and preparing around 200 more through a public-offering readiness programme.

Apple’s First Touchscreen MacBook Pro: Is It Worth Buying?

Apple has introduced a MacBook Pro with a touchscreen, but TechRadar questions whether the feature justifies a US$400 premium over the standard model. While the upgraded OLED display also contributes to the higher price, concerns remain over arm fatigue during prolonged use and whether the touchscreen offers a compelling reason to buy.

‘Laut Bercerita’ explores the grief and hope of families left behind

Yosep Anggi Noen’s film adaptation of Leila S. Chudori’s novel shifts from the danger faced by student activists to the lasting anguish of families waiting for news of the disappeared. While its brisk early passages leave limited room to develop some characters, its family drama, performances and use of archival footage give the film a distinct emotional force and underline the importance of preserving historical memory.

Danantara COO Reports Himbara Credit Growth to President

Dony Oskaria briefed President Prabowo Subianto on credit growth and third-party fund deposits at state-owned banks managed by Danantara. The figures were not disclosed, and Dony said discussions about prospective US-ASEAN Business Council investment and electricity exports were not part of the meeting.

Unidentified Man Found Dead Naked on Gianyar’s Lembeng Beach, Suspected to Be a Foreign National

An unidentified man, believed to be a foreign national, was found naked in the surf at Lembeng Beach in Gianyar, Bali. His body was taken to Prof Ngoerah General Hospital in Denpasar for an autopsy; authorities have not yet identified him.

Ministry of MSMEs Urges Small Businesses to Help Process Mining Output and Develop Downstream Industries

Indonesia’s Ministry of Micro, Small and Medium Enterprises is seeking to bring MSMEs into mining supply chains through business partnerships, mentoring, market access and improved business readiness. It says practical commercial ties with mining companies, alongside digital data integration and clearer access to permits and certification, could widen local participation in mineral processing and downstream industries.

Bahlil Targets Mining Revenue for the State to Reach Rp160 Trillion

Energy and Mineral Resources Minister Bahlil Lahadalia is targeting non-tax state revenue from minerals and coal of Rp160–165 trillion by the end of 2026, up from Rp141 trillion recorded by 1 October. He says production-quota controls through work plans and budgets (RKAB) have helped lift coal prices and will also be applied to nickel amid a global oversupply of nearly 800,000 tonnes.

Pramono Backs Police Crackdown on Drugs in North Jakarta’s Kampung Bahari

Jakarta Governor Pramono Anung has pledged full support for police efforts to combat drug trafficking, following a raid in Kampung Bahari, North Jakarta. He said the campaign should be sustained and comprehensive, and that the Jakarta Provincial Government would provide any facilities needed; authorities have raided the area before.

Indonesia’s Beauty Market Grows More Attractive as Japanese Firm Steps Up Expansion

Japanese company Majestic Cosme has opened 16 outlets in Indonesia in its first 10 months and aims to expand to 100 locations by the end of 2027. It is also planning eight aesthetic clinics in Jakarta, subject to regulatory approvals, as it seeks to build an integrated beauty business spanning research, retail and professional services.

Religious Affairs Ministry Develops ICBP as a Data Platform for Family Resilience Planning

The Ministry of Religious Affairs is developing the Marriage Guidance Coverage Index (ICBP), using marriage records to map demographic characteristics and assess access to premarital guidance. The ministry hopes local governments, public institutions and universities will use the data to shape targeted family-resilience policies, including efforts to prevent child marriage and support vulnerable households.

Indef: Salt Self-Sufficiency Must Guarantee Supply for Industry

Indef researcher Ahmad Heri Firdaus says Indonesia’s plan to achieve salt self-sufficiency by 2027 must ensure industries have reliable access to affordable raw materials. Domestic production currently falls well short of annual demand, so imports may remain necessary during the transition while local production capacity and salt processing are expanded.

Police Hospital Finds Signs of Recent and Older Violence on Toddler’s Body in South Jakarta

Forensic doctors have found signs of both recent and older violence on the body of a two-year-old girl who died in an alleged abuse case in South Jakarta, as well as evidence of malnutrition. The cause of death has not yet been established; police have named two suspects and say they are investigating the case using scientific methods.

Antasari Non-Toll Flyover to Close in the Early Hours at Weekends to Prevent Illegal Street Racing

Jakarta’s provincial government will close access to the Antasari Non-Toll Flyover from midnight to 4am on Saturdays and Sundays, beginning on 14 November 2026. The measure, prompted by public reports of illegal racing, will be enforced at five access points, with public outreach and mobile patrols taking place ahead of its introduction.

Fire at Blok M Hub Cuanki Stall Leaves Employee Injured While Tackling Blaze

A fire at the Dapur Cuanki Hub stall in South Jakarta’s Blok M Hub injured one employee who was helping to extinguish it. Firefighters said the blaze was suspected to have been caused by a leaking LPG hose and caused an estimated Rp10 million in damage.

Mapping the Site of the Fatal Private Jet Crash in Florida, Near Trump’s Resort

A Learjet 60 crashed in a residential area of Greenacres, Florida, killing all nine people on board; the crash site is reported to be about 13 kilometres from Donald Trump’s Mar-a-Lago resort. US authorities said the aircraft was travelling from Austin, Texas, to the Bahamas and that the Federal Aviation Administration and National Transportation Safety Board would investigate.

Carney: Canada and US Working Together on Mutually Beneficial Deal

Canadian Prime Minister Mark Carney said he had a “good conversation” with US President Donald Trump about the future of bilateral trade. He said the countries’ teams would work over the coming weeks towards an agreement intended to create jobs, boost families’ purchasing power and respect Canada’s language, culture and sovereignty.

1,392 Participants Register for Banten Manpower Office’s Online Job Fair

A total of 1,392 people registered for Banten’s online job fair, which ran from 22 to 28 October and involved 14 companies offering vacancies in Indonesia and overseas. The provincial government says the digital recruitment process is intended to widen access, improve transparency and help prevent recruitment scams.

The Benefits of Drinking Water Before Your Morning Coffee

Drinking water before coffee may help reduce dehydration-related blood pressure spikes and soothe the digestive system, although evidence that coffee significantly dehydrates the body is limited. Coffee’s effects on blood pressure vary according to consumption habits and individual factors, while water in the morning remains a beneficial routine.

Warteg Owners Respond to Hashim’s Proposal on Potential Taxation of Rp10,000 Trillion in Transactions

Warteg owners have rejected a tax proposal, warning that it could push up meal prices, drive away customers and threaten small businesses already facing falling revenues. One Jakarta operator says average daily turnover has declined from Rp3 million to around Rp2 million and is urging the government to reconsider the proposal.

Farmers’ Welfare Improves as Farmer Terms of Trade Reach 132.60

Indonesia’s Farmer Terms of Trade (NTP) rose 1.13 per cent in October 2026 to a record 132.60, as prices received by farmers increased faster than the prices they paid. Horticulture led the gains, supported by higher prices for red chillies, tomatoes and bird’s eye chillies, while the Agriculture Minister linked improving farmer welfare to the government’s food self-sufficiency ambitions.

Profile of South Jakarta Infant’s Killers: Mother Was a Busker, Stepfather Unemployed

Police say a 19-year-old mother and her 22-year-old husband, the victim’s stepfather, have been named suspects in the killing of their 20-month-old child in Kebayoran Lama. Investigators cite the couple’s inability to afford the child’s care as the motive; the child’s body was later found in an empty plot in Central Jakarta.

From Photographs to Memorabilia: Discovering National Heroes in Kota Tua

An exhibition in Jakarta’s Taman Fatahillah is introducing young people to Indonesia’s national heroes through photographs, memorabilia and stories of their struggles. Educational activities are also designed to instil values of courage, sacrifice and unity as part of the 2026 Heroes’ Day commemorations.

BRAN Focuses on Land Status and Fishermen’s Protection in Giant Sea Wall Project for Java’s North Coast

The National Agrarian Reform Agency (BRAN) says the planned 575-kilometre Giant Sea Wall must address land tenure, protect fishermen and sustain aquaculture livelihoods, alongside construction. Agencies also discussed verifying disputed certificates, revitalising fishponds and ensuring clear land status for fishing villages, with a proposed cooperation agreement intended to improve coordination and prevent conflict.

Iraq and Egypt Call for De-escalation Amid Regional Tensions

Iraqi President Nizar Amedi and Egyptian President Abdel Fattah El-Sisi said dialogue and diplomacy should remain the principal means of resolving regional disputes. They called for efforts to contain crises, ease tensions and prevent conflict from spreading, amid security risks in the Strait of Hormuz and escalating clashes in Yemen.

Public Transport Passenger Numbers in Jakarta Rise in September 2026

Jakarta’s MRT, LRT and Transjakarta services all recorded year-on-year and month-on-month passenger growth in September 2026, with Transjakarta carrying the most passengers. Operational activity declined from August across all three services, although MRT journeys were slightly higher than a year earlier.

Indonesia’s Manufacturing PMI Hits 31-Month High: Industry Minister Responds

Indonesia’s manufacturing PMI rose to 54.0 in October 2026, its strongest reading in 31 months, driven by rapid growth in new orders and record expansion in export orders. Industry Minister Muhammad Sarmuji said the momentum must translate into higher production, investment, exports and employment, while the government works to strengthen manufacturing capacity and competitiveness.

Denpasar Immigration Arrests Three Foreign Women Suspected of Running Online Prostitution

Denpasar Immigration has arrested three foreign women from Uganda, Russia and Nigeria over suspected online prostitution and alleged breaches of their stay permits. The investigation followed a public tip-off and digital monitoring; officials say the women are being questioned and have reiterated that foreigners in Bali must comply with the terms of their visas.

Muhammadiyah Backs Police Efforts to Crack Down on Vapes Containing Narcotics

Muhammadiyah has backed the police’s efforts to tackle the circulation of e-cigarettes containing narcotics, citing its 2020 fatwa declaring vape use haram. The organisation says its support is consistent with that ruling and has established a tobacco-control network to lead work on tobacco and e-cigarette control.

French National in Buleleng Stabbed After Dispute over Music

A French national was stabbed in the abdomen at a villa in Buleleng, Bali, following a dispute with a local man over loud music. Police say they learnt of the incident three days later after being notified by a hospital, and have arrested the suspect while considering whether anyone who knew about the attack deliberately failed to report it.

Buleleng Police Arrest 18 Suspects in Drug Cases in One Month

Buleleng Police say they uncovered 17 drug cases and arrested 18 male suspects between late September and early November 2026. Officers seized 87.5 grams of methamphetamine and one ecstasy pill, as the police chief pledged to continue efforts to curb narcotics distribution across the regency.

Sleman Tourism Office Reports Positive Growth in Visitor Numbers

Sleman recorded 7.106 million tourist visits from January to September 2026, up 13.5 per cent year on year. Tourism-sector local revenue reached Rp318.95 billion, led by food and drink businesses, while entertainment posted the fastest growth among the reported components.

Johor-Singapore SEZ records RM88.83 billion in approved investments

The Johor-Singapore Special Economic Zone recorded RM88.83 billion in approved investments from January 2025 to June 2026, with about 45 per cent already implemented and 12,796 jobs created. The two countries agreed to hold a joint investment forum by the first quarter of 2027 and are advancing plans for infrastructure, connectivity and a masterplan to support the zone’s growth.

Governments in 33 Countries on Emergency Alert, Urge Residents to Stockpile Food and Water

Governments in 33 countries are advising residents to prepare emergency supplies, with most recommending enough food, water and medicine for at least three days. The guidance reflects concerns ranging from conflict and extreme weather to cyber threats, while some countries recommend supplies for up to a week or 10 days.

DJP Clarifies Digital Taxation Starting on 9 November 2026: What You Need to Know

Indonesia’s Directorate General of Taxes says the digital tax system scheduled to begin on 9 November 2026 is a framework for collecting VAT on qualifying foreign digital transactions, not a new tax or a change to the VAT rate. The agency stressed that personal transfers and remittances are not automatically subject to VAT, and the system is designed to prevent double collection while providing greater certainty for consumers.

International Financial Centre Law Enacted as Indonesia Targets Global Investment

Indonesia has enacted Law No. 6 of 2026 to establish the Indonesia International Financial Centre (PFII), offering tax incentives and legal, immigration and licensing facilities to attract international capital. Its success will depend not only on fiscal benefits but also on regulatory certainty, skilled workers, strong legal institutions and market confidence.

Indonesia targets renewable energy investment from China

Indonesia is seeking Chinese investment in renewable energy, leveraging China’s expertise and offering incentives, regulatory support and local partnerships. Chinese investment in Indonesia totalled US$38.34 billion from 2021 to the first half of 2026, but has been concentrated in basic metals and several other sectors, leaving scope for expansion into energy and other priority industries.

Kadin Reports 39 Investment Projects to Prabowo: What Are the Prospects for Downstreaming and …

Kadin presented President Prabowo with a list of 39 projects inaugurated or brought into operation between October 2024 and October 2026, spanning energy, mineral downstreaming and transport infrastructure. The report comes against the backdrop of Rp1,931.2 trillion in realised investment in 2025, including a majority share from domestic investors, although this annual figure is distinct from the nearly Rp2,000 trillion cited for the administration’s first two years.