Indonesian Political, Business & Finance News

Archive: 2 November 2026

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India evacuates thousands ahead of second cyclone in a week

Authorities are evacuating residents along India’s eastern coast ahead of Cyclone Murasu, which is forecast to make landfall early Tuesday. Although the storm is expected to be less intense than Cyclone Arnab, which killed six people and damaged homes and crops last week, officials are planning to evacuate about 30,000 people in Andhra Pradesh.

IDX Reviews Tax Incentives for Listed Companies to Strengthen Indonesia’s Capital Market

The Indonesia Stock Exchange (IDX) and tax consultancy DDTC have completed a study assessing the effectiveness of tax incentives for listed companies, including a 3-percentage-point corporate income tax rate reduction available to eligible firms. The exchange says the findings will support listed and prospective issuers, particularly SMEs, in accessing capital-market funding and developing stronger, more sustainable public companies.

Hapsoro-Owned RAJA’s Profit Rises 81.7% in Third Quarter: Here’s Why

PT Rukun Raharja (RAJA), owned by Happy Hapsoro, reported an 81.78% rise in profit for the first nine months of 2026, to US$43.8 million. Lower cost of revenue, a sharp increase in earnings from associates—particularly its investment in Husky-CNOOC Madura—and a one-off bargain purchase gain offset higher operating and finance costs.

Pertamina EP Jambi Spuds PPS-X03 Well to Boost Oil and Gas Production

Pertamina EP Jambi has begun drilling the PPS-X03 development well in Muaro Jambi, aiming to sustain and increase output from the Puspa Asri structure, which currently produces about 3,500 barrels of oil per day. The well forms part of a broader drilling programme, with two more wells planned by the end of 2026; production gains will depend on drilling results and subsequent technical evaluation.

2,016 Motorists Caught in Bogor During First Week of Lodaya Compliance Operation

A total of 2,016 traffic violations were recorded in Bogor during the first week of the 2026 Lodaya Compliance Operation, through electronic enforcement, on-the-spot ticketing and written warnings. The West Java operation, running until 8 November, aims to improve motorists’ discipline and road safety, with authorities placing emphasis on electronic enforcement and a human-centred approach.

Iran on War Alert Whatever the Outcome of Israeli and US Elections

Iran is closely watching Israel’s election and the US midterms, with the article arguing that either outcome could leave its military preparing for renewed conflict. Israeli political deadlock and the possibility of a Republican victory in the US midterms are presented as factors that could sustain or intensify hawkish rhetoric towards Iran.

Motorcyclist Killed in Collision in West Jakarta’s Kembangan

A motorcyclist identified only by the initials HS was killed after colliding with a minibus on Jalan Kembang Elok 6 in Kembangan, West Jakarta, on Monday morning. Police said HS suffered severe head injuries and died at the scene; the body was taken to Tangerang Regional General Hospital.

HSC Shares Officially Removed from the JCI Today: IDX Chief Explains

The Indonesia Stock Exchange has removed 81 shares with highly concentrated ownership from the Jakarta Composite Index (JCI), effective after Friday’s close, leaving 837 shares in the index calculation after accounting for accelerated-board stocks. IDX chief executive Jeffrey Hendrik said the change is not expected to trigger a sharp index move, as the removed shares’ weights are redistributed among the remaining constituents; the JCI initially fell below 5,000 before recovering to above 5,100 during Monday’s session.

SINEXCEL named to Forbes Asia’s Best Under a Billion 2026 for second time

SINEXCEL has been named to Forbes Asia’s Best Under a Billion list for a second time, among 28 Chinese companies selected from more than 19,000 Asia-Pacific firms. The company reports five-year revenue and net-profit growth above 35% annually, substantial research spending and expanding global deployments across energy storage, EV charging and power-quality technologies.

BPS: Chilli Prices Drive Inflation to 0.22% in October 2026

Indonesia recorded monthly inflation of 0.22% in October 2026, driven principally by higher prices for red chillies, bird’s eye chillies and tomatoes. Volatile food prices rose the most, while falling jewellery gold prices helped ease deflation in the personal care and other services group; inflation was recorded in 33 provinces.

89-Year-Old Man Found Dead in Godean with Lower Half of Body Burnt

An 89-year-old man was found dead in a rice field in Godean, Sleman, with burns from the waist down. Police are investigating the circumstances and coordinating further medical examination; the cause of death has not yet been established.

Police Uncover Fake Fortified Rice and SPHP Rice Repackaging Cases

Police are investigating alleged mislabelling of 525 tonnes of fortified rice in North Sumatra, valued at about Rp14.1 billion, and the repackaging of 20 tonnes of subsidised SPHP rice in Pasuruan, where four people have been named suspects. Agriculture Minister and National Food Agency chief Amran Sulaiman called for full legal action and tighter oversight, warning that the diversion of subsidised rice undermines efforts to protect consumers and stabilise food prices.

CCTV Captures Moments Before Semeru Lahar Flood, Siren Sounds

CCTV footage captured a large lahar flow from Mount Semeru crossing the Besuk Kobokan area in Lumajang, with an early-warning siren sounding as volcanic debris approached. The flow followed rain on the volcano and was also recorded by seismographs; local authorities urged sand and stone miners to stop work because of the danger.

Three Buleleng Residents Missing While Hunting in Forest; Search and Rescue Team Deployed

Three residents of Gerokgak, Buleleng, have not returned after setting out to hunt in a forest south of Gerokgak Dam on Sunday morning. Basarnas Denpasar has launched a search operation, while authorities urged people entering remote or difficult terrain to take safety precautions and inform their families of their plans.

Wintermar’s 9M 2026 Net Profit Nearly Doubles as Revenue and Fleet Expand

PT Wintermar Offshore Marine reported a 91.9% year-on-year rise in attributable net profit to US$17.7 million for the first nine months of 2026, while revenue from owned vessels and other marine services grew and operating profit climbed 67.6%. The company is expanding and renewing its fleet, including through the acquisition of FOS, and said contracts on hand totalled US$200 million; Indonesia’s offshore project pipeline and a tight global OSV fleet may support demand for high-tier vessels.

Metro Jakarta Police Arrest Two Suspects over Theft at Koci Padel House

Metro Jakarta Police have arrested two suspects accused of stealing electronics worth an estimated Rp12 million from Koci Padel House in South Jakarta. The suspects allegedly broke into the premises and sold the stolen goods through Facebook; police say the items have already been sold and are still being traced as investigators prepare the case for prosecution.

Indonesia’s Exports Reach US$221.23 Billion in January–September

Indonesia recorded exports of US$221.23 billion in the first nine months of 2026, up 5.58% year on year, with the manufacturing sector contributing most to the increase. China was the largest destination for non-oil and gas exports, while imports rose more sharply, increasing 19.67% to US$210.63 billion.

Jakarta Provincial Government Apologises for Change to KJMU Phase II Disbursement Schedule in 2026

Jakarta’s Education Agency has apologised to KJMU beneficiaries after the disbursement schedule for the programme’s second phase in 2026 was changed. Further recipient checks are under way to ensure compliance with new provincial rules, with payments expected to begin on 6 November if the process proceeds smoothly.

JCI Rises 0.95% to 5,105 at the Close of the First Trading Session

Indonesia’s Composite Stock Price Index (JCI) rose 0.95% to 5,105.20 by the end of Monday’s first trading session, rebounding from an early low as more shares advanced than declined. Investors are also watching a busy week of market-moving events, including Indonesia’s inflation and manufacturing data, changes to the JCI’s constituents, US midterm elections and employment releases, and manufacturing indicators from China and the US.

Deputy Agriculture Minister Saleh: Downstream Processing Is Key to Increasing Value for Farmers

Deputy Agriculture Minister Muhammad Saleh Mustafa says agricultural downstream processing can raise the value of commodities, improve competitiveness and boost farmers’ welfare by turning raw produce into higher-value goods. The Agriculture Ministry is also seeking additional funding for strategic plantation crops and has set ambitious 2027 production targets, while its proposed budget allocation rises to Rp28.02 trillion.

Trade Surplus Hits US$3.36bn in September, Led by Coal and CPO

Indonesia recorded a US$3.36 billion merchandise trade surplus in September 2026, driven by a US$5.67 billion surplus in non-oil and gas trade that outweighed a US$2.31 billion oil and gas deficit. For January–September, the surplus totalled US$10.61 billion; animal and vegetable fats and oils were the leading non-oil and gas contributor, while China generated Indonesia’s largest trade deficit.

Industry Ministry to Make Greater Use of Trade Agreements to Boost Processed Cocoa Markets

Indonesia’s Industry Ministry is seeking to use free trade agreements to widen export access and strengthen the competitiveness of its processed cocoa products. Cocoa grinding and sales rose in the third quarter of 2026, but the sector faces supply and climate risks and needs to meet destination-market requirements to turn trade opportunities into sustained export growth.

Hambalang Briefing Brings Together P3MDI Participants and Business Community

President Prabowo Subianto briefed about 400 participants in the 2026 P3MDI programme and met 250 Kadin members at his residence in Hambalang. Kadin reported nearly Rp2,000 trillion in domestic investment during the first two years of Prabowo’s administration, while business leaders discussed support for electric vehicles, renewable energy and data centres.

Super El Niño Could Trigger Megafires, Expert Urges Change to Forest-Fire Prevention Strategy

Indonesia should overhaul its approach to forest and land fires ahead of an exceptionally strong El Niño forecast for late 2026, forestry expert Sudarsono Soedomo says. He warns that extreme drought could make fires much harder to prevent and control, calling for a collective, collaborative response.

Mysterious Large Block of Ice Crashes Through Roof of House in Pandak, Bantul

A large block of ice, around 20 centimetres in diameter, damaged the roof and interior of an unoccupied house in Jodog, Bantul. No one was injured, and the local disaster agency has asked the Yogyakarta meteorology agency to investigate the unexplained incident.

Tucker Carlson: Netanyahu Urged Trump to Launch a Nuclear Strike on Iran Soon

Tucker Carlson claimed, without providing verifiable evidence, that Israeli Prime Minister Benjamin Netanyahu is pressuring US President Donald Trump to launch a nuclear attack on Iran. The Indonesian report relays Carlson’s allegations about the purported target and political motives, but the supplied post also makes further claims about regional and global consequences that are not included in the article’s Indonesian text.

North Kalimantan Police Chief Bans All Personnel from Using Vapes

North Kalimantan Police Chief Brigadier General Andi Syahriful Taufik has banned all provincial police personnel from using e-cigarettes, warning of strict action against anyone who disobeys. He said the measure is intended to prevent links between vape devices and narcotics distribution, following a national police circular that bans personnel from vaping both at work and outside the workplace.

Indonesian Fishery Products Generate Potential Transactions Worth Rp522 Billion in Spain

Indonesian tuna and octopus attracted potential transactions worth US$29.21 million at the Conxemar 2026 trade fair in Vigo, Spain. The Trade Ministry says follow-up with prospective buyers and compliance with EU health, food-safety and certification requirements will be key to turning interest into sustained exports.

Gerindra Legislator Breaks Ground on DPC Office and Donates Ambulance to Karimun Residents

Gerindra legislator Endipat Wijaya has begun construction of the party’s permanent branch office in Karimun Regency and donated an ambulance for local residents. He said the office should serve as a public hub for residents’ aspirations, while the ambulance will support access to medical transport.

Lured by Rp20 Million, Medan Prison Employee Becomes Courier for 599 Drug-Filled Vapes

A Medan Class I prison employee has been arrested while transporting 599 vapes containing narcotics, after allegedly accepting a promised payment of Rp20 million. Police say he had previously delivered 50 similar devices and are investigating the source of the drugs and whether they were intended for distribution inside the prison.

Pramono hopes Anti-Hoax Ambassadors will help tackle misinformation in Jakarta

Jakarta Governor Pramono Anung Wibowo says the city’s Anti-Hoax Ambassador programme should help young people think critically and combat misinformation. The 2026 programme involved 356 students from 119 state senior high schools, and the selected ambassadors are expected to promote digital literacy in schools and communities.

Gibran Impeachment Issue Could Affect Prabowo’s Position, Says PDI-P: ‘It Is a Threat, Even Hostage-Taking’

PDI-P politician Guntur Romli rejected claims that impeaching Vice-President Gibran Rakabuming Raka would undermine President Prabowo Subianto, arguing that the Constitution treats their responsibilities separately. He said the President could remain in office if the Vice-President were removed, and that the MPR would select a replacement under Article 8(2).

Joint Team Intensifies Evacuation of Flood-Affected Residents in South Aceh

A joint disaster-response team has intensified evacuations in South Aceh as flooding enters its fifth day, with 161 people from 43 families evacuated and 674 people affected in two villages. Heavy rain has caused the Lae Soraya and Krueng Trumon Raya rivers to overflow, leaving homes and village roads inundated and prompting officials to urge residents in high-risk areas to heed evacuation guidance.

Side acquires boutique art studio Roboto Entertainment in creative services push

Games services provider Side has acquired Chengdu-based Roboto Entertainment, expanding its art capabilities and presence in mainland China. Founder Andrea Cordella will lead Side’s global art division and head the new Chengdu studio, as the company seeks to serve developers in China and elsewhere amid expected growth in the Chinese games market.

Tighten Oversight of SPHP Rice, Amran Calls for Heavy Punishment for Food Mafia: ‘They Must Be Eradicated’

The National Food Agency is tightening oversight of subsidised SPHP rice distribution after uncovering alleged adulteration and repackaging involving about 600 tonnes in East Jakarta. Officials estimate the practices could cost the state and consumers Rp6.07 billion a day, and say stricter sanctions and accountability are needed to protect the programme and keep food affordable.

Bapanas strengthens measures to mitigate food crisis threats in South Central Timor

Indonesia’s National Food Agency (Bapanas) is stepping up preparedness for potential food crises in South Central Timor, East Nusa Tenggara, identified as a priority area in a July 2026 food insecurity assessment. Measures include preparedness exercises and the distribution of 4,000 food aid packages to low-income families across 13 vulnerable villages, amid calls to strengthen government food reserves and coordination.

Phapros (PEHA) Net Profit Surges 311.58%: What Drove the Increase

State-owned pharmaceutical company Phapros reported net profit of Rp31.60 billion in the first nine months of 2026, up 311.58% year on year, while sales rose 15.07% to Rp786.57 billion. Improved operational efficiency, lower cost ratios and stronger cash flow helped lift profitability, and the company says its strategic initiatives are expected to sustain the positive trend through year-end.

Dwi Bagus Carried Dini’s Body in a Sleeping Bag from Hotel Room to Car

Police say murder suspect Dwi Bagus Martono used a camping sleeping bag kept in his car to move Dini Hardiyanti’s body from a hotel room. An hotel employee reportedly saw him carrying the body alone, and investigators say they have found no indication that anyone else was involved.

Economy Holds Above 5%: The Key Factors

Indonesia’s economy grew by slightly more than 5% in the first two quarters of 2026, supported by household consumption, government spending and a modest acceleration in investment, despite external pressures. CORE Indonesia executive director Mohammad Faisal says maintaining subsidised fuel prices has helped protect purchasing power, while stronger private-sector investment and manufacturing will be crucial to achieving faster growth, including the government’s 6% target next year.

Indonesia’s Imports Surge 18.41% to US$24.24 Billion in September 2026

Indonesia’s imports reached US$24.24 billion in September 2026, up 18.41% year on year, with growth recorded in both oil and gas and non-oil and gas goods. Raw and auxiliary materials led the rise, while imports across all usage categories increased; cumulative imports for January–September climbed 19.67% to US$210.63 billion.

First hearing in PT AKT mining corruption case to be held on Thursday

The first hearing in an alleged corruption case involving PT Asmin Koalindo Tuhup (AKT) is scheduled at the Jakarta Corruption Court, with five defendants facing charges over alleged illegal coal mining and sales. Prosecutors allege that mining continued after the company’s permit was revoked in 2017, with officials and company affiliates facilitating operations and exports through 2025.

Garuda Indonesia expands travel flexibility with upgraded booking service

Garuda Indonesia has upgraded its Manage My Booking service, enabling eligible passengers to change flight dates or routes and request refunds through the airline’s website or app, without contacting staff. The enhanced digital service supports the airline’s flexible ticket policy, which waives administrative change fees for eligible tickets while requiring passengers to pay any fare difference.

Polri Bans Vapes; Pramono Says Jakarta Provincial Government Gives Full Support

Jakarta Governor Pramono Anung says the provincial government will support the police ban on vape use, including by providing government facilities if needed. The police circular, effective from 30 October 2026, prohibits all Polri civil servants from using vapes at work and outside work amid concerns that vape devices could be used to conceal narcotics in liquid form.

OII Sidoarjo Cadets Export 100kg of Indian Almond Leaves to Australia

Cadets at the Ocean Institute of Indonesia’s Sidoarjo campus have exported 100kg of Indian almond leaves to Australia, building on a two-kilogram sample sent to a prospective buyer. The shipment, valued at US$15 per kilogram, is part of a project-based learning initiative intended to give vocational students hands-on export experience and develop young entrepreneurs.

BPS Reports Rice Prices Rising Across the Supply Chain, from Milling to Retail

Indonesia’s statistics agency reported that rice prices rose across milling, wholesale and retail levels in October 2026. The steepest year-on-year increase was at mills, where prices climbed 6.89%, while retail rice averaged Rp15,765 per kilogram.

Official: PLN Electricity Tariffs per kWh to Remain in Force Until December 2026

PLN has confirmed that electricity tariffs for 13 categories of non-subsidised customers will remain unchanged from October to December 2026. The quarterly tariff review is tied to macroeconomic indicators, while the decision to hold prices is intended to protect household purchasing power and support businesses and industrial competitiveness.

US Midterm Elections: Trump Votes Early in Florida

Donald Trump and his wife, Melania, cast their ballots early in Florida ahead of the US midterm elections, as Republicans face the prospect of losing control of Congress. Trump repeated unsubstantiated claims that he won the 2020 presidential election, while Democrats have said they would investigate his business dealings if they take the congressional majority.

Food and Tobacco Drive October Inflation to 0.22%

Indonesia’s consumer prices rose 0.22% month on month in October 2026, bringing annual inflation to 3.23% and year-to-date inflation to 2.40%. Food, beverages and tobacco were the biggest contributors, led by red and bird’s eye chillies, while horticultural supply shifts and a fuel-surcharge cap also shaped price movements.

Motorola Signature 27 Set to Debut on 5 November 2026

Motorola has confirmed that it will unveil its latest flagship smartphone, the Motorola Signature 27, on 5 November 2026, after showcasing it at Qualcomm’s Snapdragon Summit in September. Reported features include a larger ArcticMesh vapour-chamber cooling system, a 200-megapixel periscope telephoto camera, Bang & Olufsen audio and seven years of Android OS updates.

Reconstruction Reveals How Parents Cruelly Killed 20-Month-Old in South Jakarta Toilet

Police say a 22-year-old stepfather and the child’s 19-year-old mother have been charged with killing their 20-month-old child in a public toilet in Kebayoran Lama, South Jakarta. Investigators say financial hardship was the motive; the suspects allegedly abandoned the body in a vacant plot near Bendungan Hilir.