Indonesian Political, Business & Finance News

Archive: 2 November 2026

Showing 951-1,000 of 1,515 articles

Deputy Agriculture Minister Saleh stresses agricultural intelligence to strengthen Indonesia’s food security

Deputy Agriculture Minister Muhammad Saleh Mustafa says agricultural intelligence can help Indonesia anticipate geopolitical, climate and supply-chain risks while strengthening domestic production and food processing. Agriculture Minister Andi Amran Sulaiman separately says Indonesia’s food position remains relatively secure, backed by local production and government reserves, as global tensions threaten supply chains.

Most Transport Modes Record Year-on-Year Rise in Passenger Numbers

Statistics Indonesia (BPS) reported year-on-year passenger growth in most transport modes in September 2026, led by rail, while domestic and international air travel were the exceptions. Domestic sea freight rose sharply, although rail and domestic air freight volumes declined.

Venezuelan Military Strikes Colombian Rebel Camp, Killing 19

At least 19 people were killed when Venezuela’s military attacked a camp belonging to Colombia’s ELN guerrilla group in Apure state, using drones and combat helicopters. A Venezuelan military source alleged that US intelligence agencies supported the operation, but neither Washington nor Caracas has officially commented.

Road in Gianyar’s Payangan District Severely Collapses After Heavy Rain

A section of road in Buahan, Payangan, collapsed towards the west after hours of heavy rain, leaving the route closed; officials said there were no casualties. A separate landslide temporarily blocked another road in the area, but it was cleared and reopened later that morning.

Who Are the Eight Witnesses Questioned by the KPK in the BNPB Disaster Funds Corruption Case? Seven Businesspeople and One Housewife

The Corruption Eradication Commission (KPK) has scheduled interviews with eight witnesses—seven from the private sector and one housewife—in its investigation into alleged misuse of the National Disaster Management Agency’s (BNPB) emergency funds. The probe began with an October 2026 sting operation and has led to five suspects being named; investigators have also seized cash, gold and crypto assets worth Rp5.47 billion.

Upstream Oil and Gas Investment Could Create 49,000 Jobs per US$1 Billion

Each US$1 billion invested in Indonesia’s upstream oil and gas sector could generate up to US$1.5 billion in additional economic output and around 49,000 job opportunities, according to a Bank Mandiri economist. Speakers at the 2026 Upstream Oil and Gas Economic Forum said partnerships among government, investors, banks, local industry and communities are essential to unlock these benefits and attract long-term funding.

Oil Production Test in Prabumulih Surges 192%, Yielding 288 Barrels

Pertamina EP Asset 2’s BNG-089 development well in South Sumatra produced an initial 288 barrels of oil per day during testing, 192% of its 150-bopd target. SKK Migas said the well was drilled in 44 days and highlighted the operation’s safety record.

No More Transit: Bahlil Orders LNG Exports to Go Directly to Destination Countries

Energy and Mineral Resources Minister Bahlil Lahadalia has instructed officials to prevent Indonesian natural-resource exports from being routed through intermediary countries, saying goods should be shipped directly to buyers. He argues that transit can allow other countries to claim export status and capture tax and trade-accounting benefits, but has not identified the countries involved or detailed how or when the restriction will take effect.

Indonesia’s Trade Surplus Shrinks to $3.36 Billion

Indonesia’s trade surplus narrowed to $3.36 billion in September 2026, as exports rose 11.87% year on year while imports increased faster, by 18.41%. The January–September surplus fell to $10.61 billion from $33.54 billion a year earlier; China remained the largest source of Indonesia’s trade deficit, while trade with the US generated a $14.26 billion surplus.

Indonesia Ready to Implement US Trade Deal, Awaits Washington’s Next Step

Indonesia is prepared to implement its reciprocal trade agreement with the United States, but is awaiting clearer action from Washington on a separate Section 301 investigation that could lead to additional tariffs. The investigation covers products accounting for about 38 per cent of Indonesia’s exports to the US in 2025, while the agreement itself will take effect only after both countries complete and confirm their domestic legal procedures.

Minister urges local governments to maximise public spaces for MSMEs

Minister Iskandar urged city and district governments to turn public facilities into marketplaces for micro, small and medium-sized enterprises (MSMEs), saying this could expand market access and stimulate local economic activity. The 1001 People's Markets initiative includes a proposed Halal Street in Depok, while the minister also called on businesses to improve product quality and competitiveness.

Bahlil Says Indonesia Cannot Yet Export Electricity to Singapore

Energy Minister Bahlil Lahadalia says Indonesia will prioritise domestic electricity needs and is not currently able to export power, despite a memorandum of understanding with Singapore last year. He also warned Danantara Indonesia not to be swayed by lobbying, stressing that export permits fall under the Energy and Mineral Resources Ministry.

Government allocates Rp2.6 trillion to subsidise PNM Mekaar loans at 8 per cent interest

The government has provisionally set aside Rp2.6 trillion to subsidise PNM Mekaar financing for women from low-income households, with a flat annual interest rate of 8 per cent and loans of up to Rp15 million per agreement. The programme began in the second week of November after a pilot involving around 2,000 customers, and the government says the lower-rate scheme will be permanent.

Triputra Agro (TAPG) to Pay Interim Dividend of Rp1.39 Trillion: Key Dates

Triputra Agro Persada has announced an interim dividend of up to Rp1.39 trillion, equivalent to Rp70 per share. Shareholders recorded on 12 November 2026 will be eligible, with payment scheduled for 27 November.

Video: Baby Nappy Business Expansion – MNPI Targets Production of 3 Billion Units

PT Multi Nice Paper Indonesia (MNPI) is planning an expansion through 2030, aiming to increase production capacity, create jobs and expand exports. The company sees substantial potential in Indonesia’s baby nappy market, estimated at 33.6 billion units a year and worth around Rp77.3 trillion.

Police and BPOM Join Forces to Monitor Certain Medicines and Merah Putih Pharmacies

Indonesia’s National Police and the Food and Drug Monitoring Agency (BPOM) will tighten oversight of certain medicines, illegal cosmetics and food sold through Merah Putih Village Cooperatives, including their pharmacies. The agencies also plan to share information and work together to enforce regulations, including monitoring online sales, where BPOM reported around 1.5 million links and an impact valued at approximately Rp350 billion up to October.

How Far Has the Plan for Free Tuition at State Universities Progressed? Kemdiktisaintek Responds

Indonesia’s plan to provide free tuition at state universities remains under review, with Kemdiktisaintek yet to decide whether tuition fees will be abolished outright or covered through another funding model. Officials are assessing budget requirements, implementation options and input from university leaders, while the government considers whether the programme could be phased in, subject to fiscal capacity.

Police Officers Who Continue Vaping Face Sanctions, Including Criminal Prosecution, Chief Says

The Indonesian National Police will impose tiered disciplinary sanctions on officers who violate the ban on e-cigarette use, with criminal prosecution possible if the vape liquid contains narcotics. The force is also urging the public to report officers seen vaping, whether on or off duty, through emergency number 110 or internal police complaints channels.

14 Suspects Arrested in Subsidised Fuel Hoarding Case in Banten, Using Modified Trucks

Banten police have named 14 suspects in a scheme to repeatedly buy subsidised fuel at petrol stations, transfer it to storage sites and resell it. The suspects allegedly used modified tanks carried in truck beds and made a profit of Rp1,500–3,500 per litre; police are investigating where the fuel was sold.

Singapore Airlines Aircraft Nearly Crashes; Banks Sharply and Aborts Landing

A Singapore Airlines flight from Singapore to Perth made a go-around after strong winds caused the aircraft to bank sharply on its approach, with one wing appearing close to the ground. The aircraft landed safely on its second approach, and the airline said it had taxied to the gate at 12.30pm local time.

East Java Police uncover misuse of subsidised fuel and LPG worth Rp35.7 billion

East Java Police have uncovered the misuse of subsidised fuel and LPG at 22 sites, estimating state losses at Rp35.7 billion and naming 21 suspects. Investigators say the suspects operated in several organised groups and will pursue possible money-laundering charges while tracing assets and investigating further.

Free Prayer Mats for Friday Worshippers

KAHF, ParagonCorp’s men’s grooming brand, is offering free prayer mats through special dispensers outside mosques for Friday worshippers who cannot find space in the main prayer hall or have not brought a mat. The initiative, which includes artist-designed illustrations and the brand’s fragrance, builds on KAHF’s provision of prayer facilities at public events and aims to make worship more accessible outside the home.

BPS Forecasts Rice Production to Fall by 1.59 Million Tonnes in 2026: Here’s Why

Statistics Indonesia (BPS) forecasts national rice production at 33.11 million tonnes in 2026, down 4.57% from 2025, alongside a contraction in harvested paddy area. The agency attributes the outlook to a smaller share of fields planted with rice and warns that estimates for the final quarter could still change due to pests, floods, drought and shifts in harvest timing.

Police: Transfers of Seven Officers Unrelated to Gerindra Members’ Drug Case

Surabaya Police have rejected suggestions that the transfers of seven narcotics investigators were linked to their arrest of three Gerindra Party legislators at a drug party. The department says the reshuffle was an internal staffing decision, while Indonesia Police Watch has called for scrutiny and raised the possibility of outside interference; the three legislators were later sent for outpatient rehabilitation rather than detained.

JCI Rises in Morning Session as Foreign Investors Snap Up These 10 Stocks

Indonesia’s Composite Stock Price Index (JCI) rose 0.95% to 5,105.20 by midday on Monday, despite foreign investors recording net selling of Rp342.08 billion across the market. Chandra Asri Pacific led foreign net purchases, while Adaro Andalan Indonesia, Bank Mandiri and Bank Rakyat Indonesia were among the biggest stocks sold.

2026 El Niño Stronger Than in 2023, Rice and Maize Production Plunge

Indonesia’s rice and maize output fell year on year in September 2026, with the statistics agency attributing the sharp decline in rice production to an El Niño expected to be stronger than the 2023 event. BPS projects further reductions in rice harvest area and output in the final quarter, although cumulative maize production remained higher over January–September.

Eight Palestinians Killed in Israeli Strikes on Gaza, Including Children

Israeli strikes in Gaza killed eight Palestinians, including a four-year-old child, with three deaths reported in Gaza City and five in Al-Mawasi, west of Khan Yunis. The attacks add to a reported death toll of more than 1,500 Palestinians since the ceasefire took effect in October 2025, amid continuing tensions.

Florida Business Jet Crash Pilot Reported Bad Weather

The pilot of a business jet that crashed in Palm Beach County, Florida, reported rain and icing conditions before declaring an emergency and sending a distress signal. US Transportation Secretary Sean Duffy said all nine people aboard were killed, while investigators have been sent to determine the cause.

Survey: Awareness of Healthy Living Not Yet Matched by Consistent Habits

A Herbalife Asia Pacific survey found that three in five Indonesian respondents felt physically, mentally and emotionally healthier than they did three years ago, while many still struggle to sustain healthy routines. Respondents cited a need for greater support, and the company’s Indonesia director said family, friends and communities can help maintain motivation and consistency.

Reshaping East Kalimantan’s Economy Amid Coal Production Adjustments

A study by East Kalimantan’s Regional Research and Innovation Agency (Brida) examines how coal production adjustments in 2026 affect local government revenue, employment and community businesses. Researchers highlight delays in approving mining companies’ work plans and budgets, including a late revision for PT Bayan Resources, as issues that complicate planning and heighten the need to protect affected communities.

Prosecutors Call Ferry Boboho and Tan Kian to Testify at Febrie Case Hearing

Prosecutors have called businessman Ferry Boboho, property entrepreneur Tan Kian and Lustje Dewi Kusuma as witnesses in the extortion and money-laundering trial of former deputy attorney general for special crimes Febrie Adriansyah and two co-defendants. Febrie is accused of extorting Rp55 billion from Tan Kian and laundering up to Rp350 billion between 2020 and 2026; Ferry, although named in the indictment, has not been made a suspect and remains under protection by Indonesia’s Witness and Victim Protection Agency (LPSK).

Vice-President Calls for Mamasa Hospital Services to Be Strengthened to Reduce Long-Distance Medical Travel

Vice-President Gibran Rakabuming has called for improvements to Kondosapata Regional Hospital in Mamasa, stressing that facilities, medical staff and equipment must be ready alongside construction. The hospital has limited birthing capacity and a shortage of specialists, meaning some patients are referred outside the regency, adding travel and accommodation costs for families.

Manpower Ministry to Strengthen Protection and Skills for Indonesia’s Music Workers

The Manpower Ministry says it will expand vocational training, professional certification and labour protections for music workers, including access to social security and workplace safety measures. It is also considering national competency standards tailored to the music industry, aiming to improve professional recognition and ensure fairer working conditions.

National Police Chief Meets BPOM Head to Tighten Oversight of Prescription Medicines and Illegal Cosmetics

National Police Chief Suyudi Ario Seto and BPOM head Taruna Ikrar have agreed to strengthen cooperation on monitoring narcotics, medicines liable to misuse, illegal cosmetics and food products. Their plans include closer information-sharing and enforcement, including action against illegal online sales; BPOM says 1.5 million sales links had been identified by October, with an estimated impact of Rp350 billion.

Annual Inflation Reaches 3.23% in October 2026, Driven by Food

Indonesia’s annual inflation reached 3.23% in October 2026, with rising food prices among the main drivers, according to Statistics Indonesia (BPS). Food, transport, and personal care recorded the largest contributions, while higher petrol and air-fare costs helped push up transport inflation.

Why the Supreme Court Cancelled Its Press Conference on Gibran’s Education Certificate Ruling

The Supreme Court’s Legal and Public Relations Bureau cancelled a press conference about its cassation ruling on Vice-President Gibran Rakabuming Raka’s high-school equivalency certificate because it had not yet received the written decision. The Court had reportedly granted a challenge to the certificate, declaring it invalid and null and void.

23 SMEs Potentially Set to List on the IDX, Most in Food and Beverage

Twenty-three small and medium-sized enterprises are undergoing a government-backed mentoring programme to prepare them for a possible initial public offering on the Indonesia Stock Exchange (IDX). Food and beverage businesses make up about 40% of participants, while the programme prioritises readiness and quality over the number of IPOs.

National Police Chief Meets BPOM Head to Discuss Regulations on Kratom and Vapes

National Police Chief Suyudi Ario Seto and BPOM head Taruna Ikrar discussed clearer rules governing kratom and vapes, amid concerns about misuse and potential public-health risks. Their talks also covered food safety under the Free Nutritious Meals programme, oversight of the planned Merah Putih pharmacies, and stronger cooperation on enforcement and cybercrime.

KSPM FEB UI discusses investment strategies amid market uncertainty at Investment Outlook 2026

KSPM FEB UI’s Investment Outlook 2026 brought together 350 students and young investors to examine Indonesia’s capital-market outlook and investment approaches amid global economic uncertainty ahead of 2027. Speakers discussed market governance and investor confidence, scenario-based sector analysis, market psychology and risk management, while participants also raised concerns about MSCI’s assessment of Indonesian equities and its implications for investor confidence.

Pramono Appoints Two Student Anti-Hoax Ambassadors to Strengthen Digital Literacy

Jakarta Governor Pramono Anung has appointed two students as Jakarta’s 2026 Anti-Hoax Ambassadors, tasking them with promoting critical and responsible use of digital media. The year-long programme will include school visits, monthly online campaigns and fact-checking education, building on Jakarta’s top score in the 2025 Indonesian Digital Society Index.

Human Sovereignty in the Age of Algorithms

The opinion article argues that AI depends on vast quantities of electricity and data, while human life is grounded in biological needs and inner awareness. It urges companies to treat AI as a productivity tool rather than a moral authority, preserving human judgement, ethical responsibility and reflection as automation expands.

BPS: Rice Harvested Area Reaches 9.24 Million Hectares from January to September

Indonesia’s statistics agency (BPS) says the rice harvested area from January to September 2026 fell 2.23% year on year to 9.24 million hectares. It expects rice and maize output to decline in the coming months, with a stronger El Niño than in 2023 cited as a key factor.

Mosque Loudspeaker in South Tangerang Allegedly Shot with Air Rifle

A mosque loudspeaker in the Alvita complex, Ciputat, South Tangerang, was found riddled with holes believed to have been caused by an air rifle. Police have questioned witnesses and are investigating the damage, while asking residents with information to file a police report.

Mataram Public Works Department Allocates Rp1.6bn for Boulder-Rock Flood Defences

Mataram City’s Public Works and Spatial Planning Department is allocating Rp1.6 billion to install large boulders at four coastal locations prone to tidal flooding. The works are being accelerated ahead of the rainy season, as more than 4,000 residents are reportedly affected by tidal flooding each year.

Mother of Victims Doubts Dwi Bagus Killed Dini and Her Child Alone

Harti, whose daughter Dini and four-year-old grandchild were murdered, suspects that others helped the defendant, Dwi Bagus Martono. After attending a reconstruction of the killings in Madiun, she called for the harshest possible punishment for everyone found responsible.

Bahlil: Indonesian Natural Resource Exports Should No Longer Transit Through ‘That Country’

Energy and Mineral Resources Minister Bahlil Lahadalia has ordered officials to route exports of Indonesian natural resources directly to their destination markets rather than through an unnamed neighbouring country. He said the current transit arrangement allows that country to claim export credit, collect tax revenue and benefit its trade balance, and extended his instruction to liquefied natural gas shipments to Japan and South Korea.

Video: Palm Oil Linked to Forest and Land Fires; Oil Palm Farmers Speak Out

Apkasindo chairman Gulat Manurung says only around 6% of the 2026 forest and land fires occurred on oil palm plantations, with most reported in forests and scrubland. He argues the fires were worsened by inadequate advance prevention and says farmers will work with companies and other stakeholders on joint prevention measures.

WhatsApp and Telegram Are Being Left Behind as Gen Z Moves to Their Replacements

Some Gen Z users are turning to apps such as Carrier Pidge and Roost, which deliberately delay messages by simulating delivery by virtual carrier pigeon. The trend offers a slower, more anticipatory alternative to instant messaging and reflects growing fatigue with constant notifications and pressure to respond immediately.

Upcoming International Sourcing Conference Draws Foreign Buyers to Linyi Trade City

Linyi Trade City has opened an International Sourcing Centre bringing together 324 foreign-trade enterprises and 698 corporate stores, offering overseas buyers one-stop access to suppliers and manufacturers. The city is using logistics links, digital trade services and pilot-zone policies to strengthen exports; its ChinaMarket platform recorded 18.13 billion yuan in export volume in the first half of the year.

BRI Deputy Minister Juda Agung Joins Meeting at Airlangga’s Office to Discuss Women’s Loans

Ministers and officials met to accelerate the rollout of the Kredit Perempuan Prasejahtera (KPPS) programme, which aims to cut loan interest rates for women borrowers under PNM Mekaar from 25% to 8%. The government has allocated Rp2.6 trillion through December 2026 to subsidise the programme, with initial implementation planned for later this year following a field trial involving around 2,000 Mekaar clients.