Indonesian Political, Business & Finance News

Archive: 2 November 2026

Showing 901-950 of 1,515 articles

Ahead of COP31, Young People from 18 Provinces Urge Government to End Criminalisation of Environmental Activists

Thirty-one young people from 18 Indonesian provinces have called on the government, parliament and the country’s COP31 delegation to tackle climate-related issues, including ecological harm, Indigenous rights and the criminalisation of environmental defenders. Their five demands were developed at a national jamboree in Yogyakarta, where participants also highlighted the links between climate change, democracy and social inequality.

Bangladesh garment factories reopen as wage protests keep industry on edge

Bangladesh’s garment factories reopened after protests disrupted operations at 529 factories, as workers demanded a monthly minimum wage of 30,000 taka, up from 12,500 taka. The government has established a wage board, but manufacturers warn that further shutdowns could affect exports and competitiveness amid rising costs and inflation.

Safeguarding Indonesia’s Food Security Amid Geopolitical Tensions, Deputy Agriculture Minister Stresses Importance of Agricultural Intelligence

Deputy Agriculture Minister Muhammad Saleh Mustafa says agricultural intelligence can help Indonesia anticipate global risks and protect domestic food production and distribution amid geopolitical tensions and climate change. He called for stronger production, infrastructure, trade oversight and food processing, while the ministry seeks collaboration with universities, researchers and young people to build a resilient food system.

Rosan Roeslani Meets Prabowo to Discuss Economic Developments

Investment and Downstreaming Minister Rosan Roeslani met President Prabowo Subianto at the Presidential Palace to discuss economic issues and provide an update on Indonesia’s economy. The meeting was part of routine coordination among the President’s economic team, with senior officials from finance, state-owned enterprises and Bank Indonesia also present.

Counterfeit Money Distributor Admits Using Rp16 Million to Buy Etomidate in Kampung Ambon

A 31-year-old man arrested in West Jakarta allegedly admitted spending Rp16 million in counterfeit banknotes to buy etomidate in Kampung Ambon. Police seized a further Rp20 million in suspected counterfeit notes and are searching for a second suspect believed to have supplied the money.

IDX Optimistic 23 SMEs in Coaching Clinic Will Be Ready for IPOs Next Year

The Indonesia Stock Exchange (IDX) expects nearly all 23 SMEs in its coaching clinic, run with the Ministry of Micro, Small and Medium Enterprises, to be ready to pursue an IPO next year. The programme aims to improve companies’ readiness and quality, while the decision to list remains with each business and participants must be prepared to meet their obligations as public companies.

Top-Performing Shares in 2026 as the JCI Bleeds: What to Know

While the Jakarta Composite Index (JCI) fell sharply in October, several Indonesian shares posted gains in 2026, led by Surya Permata Andalan with a year-to-date rise of 216.46%. The market’s October decline was its worst monthly performance in a decade, amid concern over MSCI’s consultation on potentially reclassifying Indonesia from an emerging market to a standalone market.

PNM Ready to Launch Women’s Credit Programme at 8 Per Cent Interest

BRI says its subsidiary PNM is ready to roll out the Mekaar financing programme, which will offer eligible women borrowers an 8 per cent flat annual rate, with the government subsidising the remaining 10 percentage points of the 18 per cent total interest. The programme is targeted to begin in the second week of November 2026, following a pilot involving about 2,000 customers; the government has set aside around Rp2.6 trillion for subsidies through the end of the year.

National Police Chief Bans Officers from Using Vapes, with Disciplinary and Criminal Penalties

Indonesia’s National Police chief says officers who breach a new ban on e-cigarettes will face disciplinary action, while those found using vapes containing narcotics may be prosecuted. The restriction applies to all police personnel, on and off duty, and is intended to prevent the use of vape devices in narcotics abuse and distribution.

Sharia Economy: Benefits That Cross Identity Boundaries

The authors argue that Sharia-based economic development in religiously diverse Manado should be assessed by how well it expands business opportunities and benefits residents, rather than by religious demographics. They call for coordinated local-government support—from product requirements and halal certification to financing and marketing—while respecting distinct authorities, regulations and people’s freedom to choose.

Man Slaps Woman at Mall After She Allegedly Attacked His Children

Malaysian police are investigating a mall altercation in Kuala Lumpur in which a father allegedly slapped a woman after she attacked his two young children. The father has filed a police report, and investigators are working to establish the sequence of events and the cause of the incident.

KAI West Sumatra to introduce new train timetable in December

KAI’s West Sumatra regional division will implement its 2026 train timetable from 1 December, adding Kampung Jua as a stop for the Pariaman Ekspres. The change is intended to improve access to public transport and could support local trade and small businesses, while service frequencies will remain unchanged.

SKK Migas Says Kalimantan and Sulawesi Are Sources of National Energy Resilience

SKK Migas says Kalimantan and Sulawesi are helping underpin Indonesia’s energy resilience, with exploration wells planned in 2026 from deep-water Kutai to Bone. The two regions have maintained stable output despite a national decline, contributing 13.03% of oil production recorded by 30 September and achieving 94% of the national gas target.

Pertamina Helps Five Small Businesses Explore Global Markets

Pertamina supported five Bali-based small and medium-sized enterprises (SMEs) in showcasing their products at the 51st ASEAN Council on Petroleum (ASCOPE) Council Meeting 2026 in Bali. The businesses recorded sales worth hundreds of millions of rupiah during the event and gained opportunities to develop longer-term market links, as Pertamina says it seeks to strengthen SME capacity and competitiveness.

Construction Labourer Helps His Child Pursue Their Dreams at Sekolah Rakyat

A free, state-funded Sekolah Rakyat in North Lombok is giving children of casual labourers access to education and boarding without charge, easing financial pressure on their families. The programme has selected 595 prospective pupils across West Nusa Tenggara, while the North Lombok campus has been built with earthquake-resistant structures designed to withstand powerful tremors.

Police uncover circulation of Rp20 million in counterfeit notes in Cengkareng

Police in West Jakarta have arrested a 31-year-old man after finding suspected counterfeit Rp100,000 notes with a total face value of Rp20 million in his bag. A second man, alleged to have supplied the notes, remains at large and has been placed on the wanted list; the case is being handled under Article 375 of the Criminal Code.

China Eases Monetary Policy, Injecting Rp1.474 Trillion into Banks — What’s Behind the Move?

The People’s Bank of China has injected 541 billion yuan (about Rp1.474 trillion) into the banking system through one-day reverse repos, while shifting its key policy rate to the overnight tenor at 1.25%. The move is expected to ease funding conditions and support financial institutions amid bond-market jitters, but analysts see it as a technical adjustment rather than a signal of an imminent broad rate cut.

Boboho Reveals Former Jampidsus’s Instruction About Rp55bn: ‘Give It to the White-Haired Man’

A witness known as Boboho told a Jakarta corruption court that former Jampidsus Febrie Adriansyah instructed him to hand over money received from businessman Tan Kian to a white-haired man, identified as defendant Nurman Herin. The testimony forms part of a case in which Febrie is accused of extorting Rp55 billion and laundering hundreds of billions of rupiah, allegations he faces in court.

UMKM Ministry Supports 23 SMEs in Preparing for IPOs

The Ministry of Micro, Small and Medium Enterprises and the Indonesia Stock Exchange have selected 23 SMEs for intensive coaching to prepare them for potential initial public offerings. The initiative is part of a broader programme that has reached 281 companies and aims to build a pipeline of 10,000 IPO-ready businesses by 2045.

Meta Develops Humanoid Robot Prototype with China’s Fourier

Meta has reportedly developed Max, a 48kg humanoid prototype, with Chinese robotics firm Fourier as an internal research platform for integrating its Muse AI agents. The company has no plans to sell the robot, and work is already under way on a second-generation model with improved mobility and navigation capabilities.

Religious Affairs Minister Urges Four MABIMS Countries to Formulate Khairu Ummah Criteria

Religious Affairs Minister Nasaruddin Umar has called on Brunei Darussalam, Indonesia, Malaysia and Singapore to establish concrete criteria for building a virtuous and civilised Muslim society in South-east Asia. He also proposed a regional collaboration centre and urged members to maintain closer communication and sustained programmes beyond their annual meetings.

Pertamina promotes economic growth through its Independent Energy Village programme

Pertamina says its Desa Energi Berdikari (Independent Energy Village) programme is intended to foster sustainable local economic growth by strengthening energy and food security. Since its launch in 2018, the initiative has reached 310 villages, and the company aims to expand it to 732 villages nationwide by 2030, with 60 per cent outside Java.

Bahlil Has Yet to Approve Electricity Exports: Danantara Must Not Be Swayed by Lobbying

Energy Minister Bahlil Lahadalia says Indonesia will not export electricity while domestic demand remains unmet, and has warned Danantara against being influenced by lobbying. The stance leaves Indonesia’s planned electricity-export arrangement with Singapore stalled, despite a memorandum of understanding signed last year.

Antasari Non-Toll Flyover to Get Barriers at Five Points to Prevent Repeat Street Racing

South Jakarta authorities will close five access points to the Antasari Non-Toll Flyover every weekend from midnight to 4am, starting on 14 November 2026. The measure responds to residents’ complaints about illegal street racing and is intended to improve safety and reduce the risk of traffic accidents.

Police and BNN Destroy 122.86 Hectares of Cannabis Fields in Aceh and North Sumatra

A joint operation involving the Indonesian National Police, the National Narcotics Agency (BNN), the military and local authorities has destroyed or targeted cannabis fields covering 122.86 hectares across Aceh and North Sumatra. Authorities estimate the crops’ total wet weight at 93,225 tonnes, and several suspects face charges carrying maximum sentences of 20 years in prison.

Panangian: BTN Auctions Open Up Property Business Opportunities for the Middle Class

Property analyst Panangian Simanungkalit says BTN’s auctioned homes priced at Rp200 million to Rp500 million offer the middle class opportunities to buy, renovate and resell properties, as well as to purchase homes for their own use. BTN says auction sales since August 2026 have already exceeded its total for 2025, and is targeting a 35% national auction sell-through rate by year-end, supported by online marketing and mortgage financing.

Jakarta Provincial Government to Send Two 2026 Anti-Hoax Ambassadors Abroad

Jakarta will send two newly appointed Anti-Hoax Ambassadors to study digital literacy and effective responses to misinformation overseas. Over the coming year, they will also conduct school visits, monthly digital campaigns and help establish anti-hoax agents in schools in collaboration with the provincial communications agency and the national ministry.

Video: Palm Oil Farmers Say Forest and Land Fires Cause Losses of Rp300 Million per Hectare

Forest and land fires in 2026 could cost palm oil farmers and companies between Rp150 million and Rp300 million per hectare, according to Apkasindo chairman Gulat Manurung. He also cited respiratory illness and drought-related disruption to transporting palm fruit, and called for joint prevention efforts rather than blaming farmers alone.

IPO Appeal: IDX Reviews 3% Corporate Income Tax Incentive for Listed Companies

The Indonesia Stock Exchange (IDX) and tax consultant DDTC have completed a review of the effectiveness of tax incentives for listed companies, including a 3% reduction in corporate income tax for eligible issuers. IDX says the findings could strengthen the appeal of the capital market and support companies’ growth, governance and competitiveness, with Trimegah Karya Pratama cited as an example of a company that moved from the Acceleration Board to the Development Board.

Finance Ministry disburses Rp8.48 trillion in regional transfers to Bali to support education

Indonesia’s Finance Ministry disbursed Rp8.48 trillion in transfers to Bali through the third quarter of 2026, equal to 84.36% of the annual allocation, with spending supporting teachers, health services and local infrastructure. Despite the high execution rate, disbursements were down 8.31% year on year, while Bali’s total allocation for 2026 is lower than in 2025.

Industry Ministry creates nearly 400 new entrepreneurs in Central Java

Indonesia’s Industry Ministry has trained nearly 400 prospective entrepreneurs in Banyumas and Cilacap, aiming to help them establish small industries and strengthen the national economy. The programme is part of a wider effort that has included 40 similar initiatives nationwide in 2026, alongside mentoring, production support, certification and market-access assistance for small and medium industries.

Muhammadiyah Issues Fatwa Banning Vapes, Backs Police Crackdown on Drug-Containing Products

Muhammadiyah has voiced support for the Indonesian National Police’s efforts to eradicate the circulation of vapes containing narcotics, citing its own religious ruling prohibiting e-cigarettes. The organisation’s Tarjih and Tajdid Council issued the fatwa in 2020, while implementation and public outreach are handled by relevant Muhammadiyah bodies.

Experts Stress the Importance of DPD RI Awards Candidates’ Impact on Their Regions

The DPD RI Awards 2026 expert panel has selected finalists in four categories, with the winners due to be announced at a ceremony in November. Panel member Arif Satria said judging prioritised candidates’ impact on local communities, evidence of growth and programme sustainability, and the partnerships they had built; he noted that comparing regional cultural preservation initiatives was particularly challenging.

More Than Just Cigarettes: Tobacco Could Become a Raw Material for Medicines, Cosmetics and Bioenergy

Tobacco’s biomolecular compounds could support higher-value industries beyond cigarette manufacturing, including pharmaceuticals, cosmetics, agriculture, renewable energy and environmentally friendly materials. Researchers are exploring molecular farming and purified nicotine for medical products, although strict safety testing and oversight are essential because nicotine is addictive and potentially toxic.

Emergency Tents at Aeramo Regional Hospital in Nagekeo Flooded

Heavy rain flooded emergency tents at Aeramo Regional Hospital in Nagekeo, forcing patients and services to be moved into the hospital’s older building, which was damaged in an August earthquake. The flooding affected several units, including the emergency and maternity services, highlighting the hospital’s continued reliance on temporary facilities while repairs are under way.

Deputy Manpower Minister stresses digital skills and press protections in the AI era

Deputy Manpower Minister Afriansyah Noor says media professionals need stronger digital skills and safeguards as artificial intelligence transforms the workplace. He warned that AI brings risks including disinformation, reduced reporting accuracy and data-protection concerns, while insisting that digital change must not undermine press workers’ basic rights.

Your ChatGPT Conversations Could Be Exposed to the Public, Researchers Reveal

Cybersecurity researchers at Parameter found a flaw that could let attackers use a malicious ChatGPT share link to read private conversations and act within a victim’s logged-in account. OpenAI fixed the vulnerability within eight days; the researchers said they had no evidence it was exploited in the wild, and received a US$5,000 bug bounty.

Pilot Told Air Traffic Control of Rain and Icing Before Business Jet Plunged to the Ground and Exploded in Florida

The pilot of a business jet that crashed in Palm Beach County, Florida, reported rain, icing conditions and moderate turbulence before declaring an emergency; all nine people on board were killed. Investigators have been sent to the scene to establish the cause of the crash.

Minister urges universities to join Red and White Chip project

Indonesia is advancing the Red and White Chip project, with universities contributing to semiconductor research and the development of domestic chip-design capabilities. The programme includes a design sandbox already used by 98 teams from 41 universities, while officials are working on policy, institutional responsibilities and legal arrangements to guide the project.

Issues Emerge in Election Bill: Parliamentary Threshold and Number of KPU Members

A parliamentary working committee is discussing revisions to Indonesia’s Election Law, including the parliamentary threshold and whether to change the number of members on the General Elections Commission (KPU). Committee member Jazuli Juwaini said the bill could be completed during the next parliamentary session, which begins on 9 November, with discussions expected to last about a month.

BPDP and Gapki Back Faster Replanting of Smallholder Oil Palm

The Plantation Fund Management Agency (BPDP) and the Indonesian Palm Oil Association (Gapki) are backing efforts to accelerate the Smallholder Oil Palm Replanting (PSR) programme, which aims to raise productivity and sustainability. Nationally, the programme has covered 438,217 hectares and supported 196,846 smallholders, with Rp12.48 trillion disbursed; participants also highlighted climate risks, industry transformation and the need for easier procedures, financing and high-quality seedlings.

TGB Criticises Search at Hamalatul Qur’an Islamic Boarding School as ‘Highly Unprofessional’

TGB Muhammad Zainul Majdi has condemned a police search at a girls’ Islamic boarding school in Sukoharjo, saying the deployment of heavily armed officers risked traumatising underage pupils. He said the investigation into a criminal case must proceed, but police should act professionally and avoid causing fear among children.

Semeru Lahar Flood Breaches River Embankment; Lumajang Residents Urged to Stay Alert

A lahar flood from Mount Semeru swept through several river catchments in Lumajang, carrying volcanic debris and breaching an embankment on the Glidik River. With the volcano still at Alert Level III, local disaster officials have urged people living near affected waterways to remain vigilant and avoid areas within 500 metres of the riverbanks during lahar flows.

Motorcyclist Dies After Being Hit by Minibus in West Jakarta: How the Crash Unfolded

A motorcyclist identified as HS was killed in a collision with a minibus on Jalan Kembang Elok 6 in Kembangan, West Jakarta, on Monday morning. A local security guard said the minibus had first clipped another car, while police said the victim suffered fatal head injuries at the scene.

Gunung Merapi National Park Agency Detains 14 Illegal Hikers

Gunung Merapi National Park officials detained 11 hikers after a group of 14 entered the mountain despite the closure of its climbing routes; the other three, who had become separated, were later found and taken home. The agency said the closure remains in force because Merapi is at Alert Level III, and warned the public not to enter within three kilometres of the summit.

Tan Kian and Ferry “Boboho” to Testify in Trial of Former Jampidsus

Property businessman Tan Kian, Lucy Kweek and Ferry “Boboho” Yanto Hongkiriwang are due to testify in the corruption and money-laundering trial of former Jampidsus Febrie Adriansyah and two co-defendants. The indictment alleges Febrie extorted S$5 million from Tan Kian in connection with the Jiwasraya case and laundered proceeds through assets, accounts and companies.

Gerindra Says Supreme Court Ruling on Gibran’s Education Equivalency Letter Does Not Affect His Vice-Presidential Position

Gerindra spokesman Sugiat Santoso said the Supreme Court’s ruling concerning Vice-President Gibran Rakabuming Raka’s high-school education equivalency letter should not automatically be linked to his constitutional position. He called on the relevant ministry and authorities to explain the ruling’s follow-up and any implications for the administrative process of Gibran’s vice-presidential nomination.

The Empowerers: Laos on the Move

The article describes how the China–Laos railway is helping Laos shift from being landlocked to land-linked, while enabling knowledge transfer to local workers. Chinese colleagues have trained young Lao railway staff, who are now taking on greater responsibilities and passing their skills on, supporting Laos’s capacity to sustain railway development independently.

October Inflation at 3.23% as Petrol and Engine Oil Drive Up Costs for Indonesians

Indonesia’s annual inflation eased to 3.23% in October 2026, down from 3.28% in September, according to Statistics Indonesia (BPS). Transport costs rose sharply, while food, beverages and tobacco made the largest contribution to inflation; higher prices for jewellery gold also pushed up personal care costs.

Police Involved in Search at Hamalatul Quran Islamic Boarding School Questioned by Professional Standards Division

Police internal oversight bodies are investigating officers involved in a raid at Hamalatul Quran Islamic boarding school in Sukoharjo over alleged violations of search procedures. The complaint is being examined by Propam and police inspectorates, but the inquiry has not yet been completed and the complainant’s identity will not be disclosed.