Indonesian Political, Business & Finance News

Archive: 2 November 2026

Showing 1,151-1,200 of 1,515 articles

Free Float Shares at 9.33%; BSI (BRIS) Chief Speaks Out

Bank Syariah Indonesia’s free-float stood at 9.33% as of 30 September 2026, below the exchange’s 15% minimum requirement. The bank is discussing a rights issue of up to 6.8 billion Series B shares to support business growth and potentially raise its free float, but its controlling shareholders have not committed to forgoing or transferring their rights.

October 2026 Inflation Reaches 0.22%, Driven by Chillies and Airfares

Indonesia recorded monthly inflation of 0.22% in October 2026, with the Consumer Price Index rising from 112.31 to 112.56. Food, beverages and tobacco were the largest contributors, led by red and bird’s-eye chillies, while airfares also added to price pressures; volatile food prices drove the largest inflation among the components.

Basarnas Deploys Team to Search for Victims of Landslide at Pelaga Glamping Site

Basarnas Bali has sent nine rescue personnel to search for two visitors believed to have been buried when a landslide struck an accommodation unit at Eco Park Pelaga Glamping Retreat in Badung. Heavy rain and hazardous access have hampered initial searches, while rescuers say operations will prioritise the safety of personnel.

Three ‘Fake’ Students Apologise Over Youth Pledge Event at HI Roundabout

Three people who wore university jackets and presented themselves as students at a Youth Pledge event in Jakarta have apologised, saying they were not students at the institutions whose jackets they wore. Two said they had been paid to attend, prompting concerns about the misuse of university identities; the Jakarta Metro Police also issued an apology over the event and its public reaction.

OJK Reveals Identities of Parties Fined Rp2.14 Trillion

The Financial Services Authority (OJK) says administrative fines imposed in capital-market cases reached Rp2.1446 trillion by 31 October 2026, led by a Rp1.5 trillion penalty against PT Sinar Mas Tunggal in a case involving DSSA shares. Other major penalties concern Anbo Holdings in the BREN public offering and Tigonis Capital in the CUAN offering; the OJK stresses that the listed issuers are not necessarily the parties fined. The disclosure forms part of efforts to improve market transparency and investor confidence.

Guterres Condemns Death of UN Staff Member in Houthi Custody in Yemen

UN Secretary-General António Guterres said he was deeply shocked by the death in Houthi custody of Mohammed Ibrahim al-Shami, an employee of the UN human rights office who had been arbitrarily detained since June 2024. He urged action over the safety of other detained UN personnel and aid workers; the death is the second reported death of a UN employee in Houthi detention.

ACM Exchange Partners with London Metal Exchange to Strengthen the Global Commodities Trading Industry

ACM Exchange and the London Metal Exchange signed a co-operation agreement on 22 October 2026 to deepen links between Asia’s commodities ecosystem and global metals markets. The partnership aims to connect domestic commodity trading with LME international benchmark prices, supporting greater transparency and market competitiveness.

Aiming for a Resilient Indonesia by 2030, IMS 2026 Sets Out Major Agenda to Strengthen National Competitiveness

The Indonesia Management Summit 2026 will bring together government, regulators, businesses, investors and academics to develop practical measures to improve productivity, investment quality, innovation and national competitiveness. Its agenda centres on competitive capital, competitive enterprises and transformational leadership, with planned outputs including policy recommendations and a CEO action agenda.

‘The Doll: Ghawiah’ Unveils a New Wireless Animatronic Doll

The latest instalment of the Indonesian horror-film franchise features a smaller animatronic doll operated remotely via Wi-Fi, with its components requiring nearly three weeks to assemble. Producer Rocky Soraya said several versions were made for different scenes, and the doll became an expensive production icon, costing several billion rupiah.

Flooding and Landslides Hit Karangasem; Electricity Pole Collapses in Tabanan

Heavy rain across Bali triggered flooding, fallen trees and landslides in Karangasem, while strong winds brought down an electricity pole on the Denpasar–Singaraja route in Tabanan. Authorities reported no casualties, and emergency teams were assessing damage, managing traffic and urging residents to take care during the rainy season.

South Jakarta installs barriers at five Antasari non-toll flyover access points to deter illegal street racing

South Jakarta’s municipal administration will close five access points to the Antasari Non-Toll Flyover from midnight to 4am every weekend, beginning on 14 November 2026. The measure follows residents’ complaints about illegal street racing and is intended to reduce accidents and improve safety and public order.

Indonesia Signed a Billion-Dollar Debt Agreement, Settled 54 Years Later

The 1949 Round Table Conference agreement required Indonesia to assume about 4.5 billion guilders in debt inherited from the Dutch East Indies, as part of the settlement that secured Dutch recognition of Indonesian sovereignty. Payments were halted in 1956 and negotiations resumed in 1968; Indonesia finally settled the remaining debt in 2003, more than half a century after the agreement.

A Trail of Rulings on Gibran’s Education Records

A series of court decisions has addressed challenges to the validity of Vice-President Gibran Rakabuming Raka’s secondary-school equivalency certificate, including a recent Supreme Court ruling granting an appeal and declaring it invalid. Earlier cases were dismissed or rejected at several court levels, while the Constitutional Court found the petitioners lacked legal standing, although it said the evidence did not establish that Gibran held an overseas qualification equivalent to senior high school.

Tourism Ministry Launches MaiA, Making It Easier to Explore Indonesia

Indonesia’s Tourism Ministry has launched MaiA, an AI-powered virtual assistant designed to help travellers discover destinations and plan trips around their interests, budget and preferences. The service offers itinerary ideas, local food and event recommendations, multilingual chat, voice commands and location-based navigation, while users are advised to verify practical details through official sources.

MABIMS Countries Share Best Practices for Building a Civilised Society

Representatives from the four MABIMS member states are exchanging ideas and best practices on developing a civilised Muslim society at a seminar in Jakarta. The event forms part of the 50th Senior Officials Meeting and will feed into regional discussions on youth, education and religion, social and economic harmony, and regional cohesion.

Pramono Enlists 356 Jakarta Senior High School Students as Anti-Hoax Ambassadors

Jakarta Governor Pramono Anung has launched the 2026 Jakarta Anti-Hoax Ambassador programme, involving 356 students from 110 senior high schools. The initiative aims to strengthen digital literacy and critical thinking, with two selected ambassadors set to lead school outreach and online campaigns over the next year.

Breaking: JCI Reverses Course to Gain 1% — Here’s Why

The Jakarta Composite Index (JCI) recovered from an early 1.49% fall to rise 1.13% by late morning, led by gains in infrastructure, basic materials and financial shares. Investors are also entering a pivotal week of Indonesian economic releases and major US events, including the midterm elections and labour-market data, which could influence currencies, bond yields and capital flows.

Prosecutors to Call 103 Witnesses and Five Experts in Febrie Adriansyah Extortion and Money-Laundering Trial

Prosecutors will present 103 witnesses and five expert witnesses during the evidentiary phase of the case against former senior prosecutor Febrie Adriansyah and two co-defendants. The charges include alleged extortion of Rp55 billion and money laundering involving assets and funds valued at hundreds of billions of rupiah, as well as US$440,990.

MBG 2.0: Food Sovereignty and the Geopolitics of Welfare

The National Nutrition Agency’s MBG 2.0 roadmap seeks to improve oversight, food safety and accountability while directing at least 80 per cent of supplies towards local small businesses, farmers and livestock producers. The article argues that these reforms could turn the school meals programme into an engine of local economic redistribution and human development, while strengthening public trust and Indonesia’s food sovereignty.

Dwi Bagus Hid Under the Name Amanullah at a Jombang Religious Retreat

Dwi Bagus Martono, accused of killing Dini Hardiyanti and her four-year-old child, hid for about 12 days at a religious retreat in Jombang before police arrested him. Police say he used the name Amanullah, while people at the retreat were unaware of the alleged murders.

Investment Claims in Indonesia Continue to Grow, but Investor Confidence Is Fading

Indonesia’s large domestic market and natural resources are no longer enough to attract investors without regulatory certainty, consistent policies and long-term investment protection. The article says the fragility of the business climate was sharply criticised by British publication The Economist, which questioned the direction of President Prabowo-Gibran’s policies.

Volkswagen Temporarily Halts ID.Golf Development Amid Financial Pressure

Volkswagen has temporarily paused development of its electric Golf, the ID.Golf, as financial strain forces the company to reassess investment priorities and cut costs. The project has not been cancelled, but the pause adds uncertainty to a launch already pushed back to the early 2030s as Volkswagen Group reports losses and falling vehicle deliveries.

Netanyahu Urges Trump to Attack Iran After US Midterm Elections

Israeli Prime Minister Benjamin Netanyahu reportedly pressed Donald Trump to launch attacks on Iran after the 3 November US midterm elections, while Trump favoured continuing negotiations. The reported call comes amid mediation efforts to revive peace talks and growing domestic pressure on Trump over the war’s impact on fuel and living costs.

KPPPA Holds Children’s Play Festival at GBK to Reduce Screen Time

The Ministry of Women’s Empowerment and Child Protection (KPPPA), GBK management and KPOTI have staged a festival featuring 18 traditional games at Gelora Bung Karno in Jakarta. The initiative aims to reduce children’s screen time while supporting their rights to leisure and cultural activities, and will return on 8 and 15 November as part of the lead-up to World Children’s Day.

Once Submerged, Three Villages Reappear Amid Extreme Drought

Extreme drought in 2026, driven by El Niño, has lowered water levels in several Indonesian reservoirs, exposing former villages and other structures submerged for years. The reappearance of these sites—from settlements displaced by dam construction to old graves—also recalls the communities uprooted to make way for the reservoirs.

Breaking News! Indonesia’s Inflation at 0.22% in October 2026

Indonesia recorded monthly inflation of 0.22% in October 2026, with calendar-year inflation at 2.40% and annual inflation at 3.23%, according to Statistics Indonesia (BPS). The monthly and annual figures were slightly below market consensus, while higher rice and cooking oil prices were expected to limit the slowdown in inflation.

Amran Imposes Moratorium on New Fortified Rice Product Permits

The government has suspended new marketing permits for fortified rice after tests found discrepancies between products’ nutritional content and quality and their packaging claims. Twenty-five brands have been frozen, while police investigate two producers; the National Food Agency estimates consumers could face losses of Rp89 trillion from the practices uncovered.

Two-Storey Restaurant Construction in Jatiluwih Halted for Breaching Zoning Rules

Tabanan regency authorities have halted construction of a permanent two-storey restaurant in Jatiluwih’s protected green-belt zone, saying it violates spatial-planning rules and lacks the necessary recommendations. Officials say the owner ignored repeated warnings, and could face civil or criminal penalties if non-compliance continues; local customary rules also require natural building materials and local workers.

Creative Economy Development in Villages Must Start at Grassroots, Says Minister

Creative Economy Minister Teuku Riefky Harsya says village-based creative economy development should build on local talent, strengthen regional brands and add value to existing creative products. A government programme is taking a comprehensive approach in 80 villages, combining capacity-building and business incubation with support to reach national and international markets.

Iran Warns US Against a New Military Adventure

Iranian military spokesman Brigadier General Mohammad Akraminia warned that any renewed US military action alongside Israel could expand the conflict across a much wider region, saying Tehran is increasing its readiness and closely monitoring US movements. The warning comes amid continuing tensions over security and navigation in the Strait of Hormuz, while US Senator Bernie Sanders accused oil companies of profiting from the war as working families face higher fuel costs.

The 10 Worst-Performing Shares of 2026, Including DSSA and BREN

Indonesia’s benchmark Jakarta Composite Index (JCI) fell 16.70% in October 2026, its steepest monthly decline in a decade, amid pressure from MSCI’s proposal to reclassify the Indonesian market as standalone. By the end of October, MD Pictures had posted the largest year-to-date share-price loss at 97.92%, while Sinar Mas-affiliated DSSA made the biggest negative contribution to the index among the ten worst performers.

Fatal Siak Crash: Land Cruiser Driver Named Suspect and Detained

A driver of a Toyota Land Cruiser has been named a suspect and detained after a collision involving three motorbikes in Siak that killed a 16-year-old and injured four others. He faces charges under Indonesia’s Road Traffic and Transport Law, which carry a maximum six-year prison sentence when negligence results in a death.

Semeru Lahar Flooding Lasts Six Hours as Village Embankment Collapses in Lumajang

Lahar-flood tremors at Mount Semeru were recorded for six hours after heavy rain, while rising river flows caused an embankment to collapse in Purorejo village, Lumajang. With the volcano at Level III (Alert), authorities have reiterated restrictions and warned residents about potential hot clouds, lava avalanches and further lahars.

Dwi Bagus’s Gruesome Account of Seven Sacks Containing the Ashes and Bones of His Wife and Child

Dwi Bagus Martono, accused of murdering his partner and her four-year-old child in Madiun, told investigators he gathered the remains after burning their bodies and disposed of them in seven sacks. He said the sacks were thrown into the Winongo and Kwadungan rivers during a police pre-reconstruction, as the investigation continues.

JCI Stuck Around 5,000 as Investors Await Key Data Releases

Indonesia’s benchmark Jakarta Composite Index (JCI) edged higher after opening lower, as investors adopted a wait-and-see stance ahead of a series of domestic economic releases. Market watchers are also weighing changes to the index’s constituent calculation, US midterm elections, geopolitical tensions and concerns about weaker-than-expected technology earnings tied to AI.

Bapanas strengthens monitoring of SPHP rice to prevent food-mafia practices

Indonesia’s National Food Agency (Bapanas) says it will tighten oversight of subsidised rice distributed under the Food Supply and Price Stabilisation (SPHP) programme after alleged repackaging and adulteration involving about 600 tonnes was uncovered in East Jakarta. Authorities estimate the case could cost the state and consumers Rp6.07 billion a day, while Bulog has begun inspections of around 2,000 Rumah Pangan Kita outlets nationwide.

Wave of Lay-offs Hits Singapore, Highest Since Covid-19

Singapore recorded 4,800 lay-offs in the third quarter of 2026, the highest level since the fourth quarter of 2020, as businesses reorganised and cut costs. Overall unemployment remained at 2.0% in September, although rates for residents and citizens edged up, while total employment continued to grow.

Plane Crashes and Catches Fire in Florida, Killing Nine

A Learjet 60 crashed near a residential area in Greenacres, Florida, killing all nine people on board and prompting the evacuation of about 600 residents. US authorities are investigating the cause of the accident, which remains unknown.

‘Horror House’ Discovery in California Mansion: Dozens of Children Allegedly Abused

Authorities allege that Guojun Xuan and Silvia Zhang’s California mansion housed 14 young children born through surrogacy, who were subjected to near-daily abuse; the couple deny the charges and remain in custody. The case has raised questions about surrogacy arrangements, agency disclosure and oversight, as investigators and courts determine the children’s welfare and the couple’s alleged conduct.

Supreme Court Cancels Press Conference on Gibran’s Education Equivalency Ruling

Indonesia’s Supreme Court has cancelled a planned press conference on its ruling that invalidated a 2019 certificate equating Vice-President Gibran Rakabuming Raka’s education with senior secondary school, saying it has not yet received the ruling’s full text. The decision follows a Constitutional Court ruling that found no convincing evidence of Gibran’s foreign qualification underpinning the equivalency, but said it could not revoke or disqualify him as vice-president after his inauguration.

Bulgaria’s Iliana Iotova set for landslide win in presidential run-off, exit polls show

Interim President Iliana Iotova is projected to win Bulgaria’s presidential run-off by a wide margin, taking between 56.6% and 58.2% of the vote, according to parallel counts by five polling organisations. The contest highlighted divisions over support for Ukraine and Bulgaria’s security alignment, with challenger Andrey Gyurov warning that Iotova’s victory would leave little political balance at the top of government.

292 Indonesians Have Joined the Russian Military to Fight Ukraine

Ukraine’s ‘I Want to Live’ project has published a list naming 292 Indonesian citizens recruited into Russia’s military. It says at least 283 Indonesians went to fight in the first nine months of 2026—far more than in the preceding three years combined—while warning that the list is incomplete and the true total may be much higher.

PLN North Sumatra: Light Up The Dream Programme Seeks to Expand Energy Access for Low-Income Families

PLN’s North Sumatra distribution unit says its Light Up The Dream (LUTD) programme is helping low-income families who lack their own electricity connection. Funded by voluntary staff donations, the initiative aims to widen access to energy and improve residents’ quality of life.

More Than Financing: BRI Strengthens the Food Ecosystem from Upstream to Downstream to Support Protein Self-Sufficiency

BRI says it is expanding financing across the food supply chain, from producers and cooperatives to processors and distributors, in support of Indonesia’s protein self-sufficiency agenda. Its lending portfolio reached Rp1,645 trillion at the end of the second quarter of 2026, with 75.1% allocated to MSMEs and about 44% of KUR disbursements directed to agriculture and fisheries.

Not Just MSCI: 20 Events That Pummelled the Jakarta Composite Index in 2026

The Jakarta Composite Index (JCI) was buffeted by a series of domestic and international developments in 2026, falling from a record high of 9,174.47 in January to around 4,900 in October. The article traces 20 key events, including MSCI’s market-classification concerns, regulatory leadership changes, foreign outflows, currency weakness and rule changes, which intensified volatility and investor uncertainty.

The Prophet’s Warning to Land-Grabbers: A Seemingly Minor Act with Serious Consequences

The article warns that encroaching on land, whether privately owned or state-owned, can provoke disputes and is regarded in Islamic teaching as a grave sin. It cites a hadith in which the Prophet Muhammad condemns those who steal land boundary markers, alongside several other acts.

UIN Sunan Kalijaga Ranks Second Nationally, Challenging Stereotypes About Islamic Universities

UIN Sunan Kalijaga Yogyakarta has placed second nationally in the Times Higher Education World University Rankings 2027, ranking in the 801–1,000 band globally. The result is being highlighted as evidence that Islamic state universities can excel beyond religious studies, with a forthcoming student competition and innovation exhibition showcasing work in science, technology and research.

Minister: Low-Income Tenants Can Receive Home Renovation Assistance

Housing Minister Maruarar Sirait says low-income households renting their homes will be eligible for the government’s Home Renovation programme, extending support beyond homeowners. He said safeguards are needed to prevent landlords from raising rents or evicting tenants after renovations, as the government works towards a target of improving 400,000 homes.

East Java Police Chief Warns Surabaya Students of Drugs Disguised as Vape Products

East Java Police Chief Dekananto Eko Purwono warned students at a Surabaya high school about drug trafficking and the misuse of narcotics in e-cigarette liquids. The visit, part of a police education programme, called for cooperation between police, schools, families and pupils to keep schools safe and drug-free.

Unity: The Convergence of the Three Main Red Army Forces

The article recounts how shared ideals helped unite the Red Army during the Long March and describes the CPC’s role in securing a peaceful resolution to the Xi’an Incident and forming a united resistance against Japanese aggression. It links those historical episodes to China’s contemporary governance and national development, presenting collective solidarity as a continuing source of national strength.