Indonesian Political, Business & Finance News

Archive: 2 November 2026

Showing 1,201-1,250 of 1,515 articles

Top-Performing Local Governments on MBG and Stunting to Receive Rp3bn Incentives

Indonesia has set aside Rp1 trillion in incentives for high-performing local governments through 2027, with first-, second- and third-place recipients to receive Rp3bn, Rp2bn and Rp1bn respectively. From next year, the assessment will include implementation of the Free Nutritious Meals (MBG) programme, including targeting and its contribution to local economies and stunting reduction.

IKN Authority and Borneo Kind Plant 1,000 Trees at Bukit Soeharto Forest Park

The Nusantara Capital City (IKN) Authority and community group Borneo Kind have planted 1,000 native tree seedlings on land affected by forest fires in East Kalimantan’s Bukit Soeharto Forest Park. The initiative is intended as the first stage of a continuing “Save Our Forest” campaign, with officials and organisers stressing that forest recovery requires sustained action and collaboration with local communities.

After Supreme Court Ruling on Gibran’s Certificate, Supporters Blame Education Ministry: ‘Don’t Suddenly Leave Indonesia Without a Vice-President’

Gibranisti adviser Ade Darmawan says the education ministry, not Vice-President Gibran Rakabuming Raka, should bear responsibility after the Supreme Court ruled that his high-school diploma equivalency certificate was invalid. He argues Gibran met the ministry’s requirements and warns against treating the administrative ruling as grounds for the country to lose its vice-president.

Binance sees outflows stabilising as exchange returns online after US$6.3 billion heist

Binance said customer withdrawals were stabilising after a US$6.3 billion theft linked by the FBI to a North Korean state-sponsored hacking unit, while the exchange reported covering 95 per cent of the stolen assets. The incident has tested user confidence, with significant outflows and losses from spot bitcoin ETFs underscoring broader concerns about security and risk in cryptocurrency markets.

Parents Charged with Murdering 20-Month-Old in South Jakarta Toilet

Police have named the child’s stepfather and biological mother as suspects in the killing of their 20-month-old child in Kebayoran Lama, South Jakarta. Investigators say financial hardship was the motive; the pair allegedly killed the child in a public toilet, travelled to Palmerah and buried the body near Bendungan Hilir.

Dwi Bagus Says He Dumped Seven Sacks of His Common-Law Wife’s and Child’s Ashes and Bones into Rivers

Dwi Bagus Martono, accused of murdering his common-law wife and her four-year-old child in Madiun, told investigators he collected the remains after burning their bodies and disposed of them in seven sacks. He said the sacks were thrown into the Winongo River and at the Kwadungan bridge in Ngawi during a police pre-reconstruction.

Vice-President Hears Mamasa High School Students’ Concerns and Pledges School Improvements

Vice-President Gibran Rakabuming heard students at SMAN 1 Mamasa call for faster renovations and additional learning facilities, including sports and arts spaces and improvements to the school prayer room. He acknowledged damaged roofs and classrooms without electricity, and asked local officials to ensure the renovation work is completed properly.

Google’s Money-Making Engine Stalls as Instagram Reaps AI Windfall

Meta’s advertising revenue grew 26% in the third quarter, outpacing Google Search as AI-powered tools improve ad targeting and campaign performance. Google faces the risk that AI-generated answers will reduce clicks—and with them advertising opportunities—even as the company commits heavily to AI infrastructure.

Extreme El Niño Forecast for Late 2026, Raising Risk of Widespread Megafires

An IPB University forestry professor has urged stronger, collective prevention and response measures ahead of an extreme El Niño forecast for late 2026. With Pacific sea-surface temperatures projected to reach 3.7°C above normal, significantly lower rainfall could dry peatlands and increase the risk of fires growing beyond firefighting capacity.

Pelalawan Police Renovate Homes for Elderly Residents in ‘Police with the Community’ Initiative

Pelalawan Police have begun renovating two homes in the coastal district of Kuala Kampar, including one belonging to a 76-year-old woman who lives alone. The initiative, carried out with the National Amil Zakat Agency (Baznas), reflects efforts to provide direct assistance to residents facing extreme poverty in a remote area.

Constitutional Law Expert: Gibran Should Automatically Lose Vice-Presidential Position

Constitutional law expert Herdiansyah Hamzah argues that court rulings finding Gibran Rakabuming Raka’s educational equivalency certificate invalid mean he no longer met the requirements to become vice-president and should be removed under Article 7A of the Constitution. Gibran’s lawyer rejects that view, saying the Supreme Court ruling came after the 2024 election and inauguration, cannot be applied retroactively and does not affect his position.

BREN, DSSA and BYAN Among Shares Removed from the JCI Calculation

The Indonesia Stock Exchange has excluded shares classified as having High Shareholding Concentration (HSC) from the Jakarta Composite Index (JCI) from 2 November 2026, with their index weights redistributed among the remaining constituents. Regulators say HSC status alone does not indicate a breach, but actively traded shares may face further scrutiny; issuers are also being encouraged to increase public ownership through a share float to reduce concentration.

Co-ordinating Minister Muhaimin: Public spaces should be maximised to empower MSMEs

Co-ordinating Minister for Community Empowerment Abdul Muhaimin Iskandar has urged local governments to make greater use of public facilities as venues for micro, small and medium-sized enterprises (MSMEs). He said the 1001 Pasar Rakyat initiative could expand market access, raise product quality and support local economic activity, while Depok is also considering a halal food street for culinary businesses.

Semeru Lahar Flood Cuts Off Bridge in Lumajang, Isolating Residents

Heavy rain around Mount Semeru triggered lahar flows that rendered a low-water crossing over the Glidik River impassable, isolating residents in two neighbourhood units in Purorejo village. The lahar flow was also reported to have come within about five metres of riverside homes, while seismic monitoring recorded a maximum amplitude of 40 mm.

Beyond the Free Nutritious Meals Programme: Criteria for Local Governments to Receive Incentives from Rp1 Trillion Fund

The Home Affairs Ministry says a Rp1 trillion incentive pool for high-performing local governments rewards a broad range of outcomes, not just delivery of the Free Nutritious Meals (MBG) programme. Criteria include reducing stunting, unemployment and poverty, improving health and education services, controlling inflation and strengthening local economies; MBG implementation will be added from next year.

Left Half of B3 Arch Bridge Successfully Closed on Georgia’s North–South Corridor

Construction teams have completed the high-precision closure of the left half of the B3 Arch Bridge in Georgia’s Khada Gorge, overcoming severe weather, difficult terrain and demanding structural constraints. The 437.875-metre bridge is expected to remove a major transport bottleneck in the Caucasus and improve regional connectivity, forming part of Georgia’s North–South Corridor and a China–Georgia infrastructure cooperation initiative.

Gibran Visits Regions Amid Controversy Over His High School Certificate

Vice-President Gibran Rakabuming Raka travelled to West Sulawesi for government programme visits and a religious commemoration as scrutiny continued over the Supreme Court’s cancellation of his high-school equivalency certificate. The ruling invalidated the certificate but, under an earlier Constitutional Court decision, does not automatically affect his position as Vice-President.

MediaMIND Finalists Trace the Benefits of Tin in Kundur

MediaMIND finalists visited PT TIMAH’s offshore mining operations in Kundur, where they observed tin extraction, processing and refining, alongside environmental management and community programmes. The visit highlighted how responsible mining practices and downstream processing can create wider benefits for local communities and Indonesia’s economy.

Family Holds Prayers and Gives Aid to Orphans at 10th Memorial for Haji Mochamad Thohir

The family of Haji Mochamad Thohir marked the 10th anniversary of his death at At-Thohir Mosque in Depok with communal prayers and assistance for orphans. The event also included Quran recitation competitions, a Quran completion ceremony and Islamic outreach activities, with organisers saying they aimed to pass on the late patriarch’s values of compassion and kindness to future generations.

Construction of Nurul Hikmah Mosque Begins in Reo, East Nusa Tenggara, as IZI Praises Community Solidarity

Construction of the Nurul Hikmah Mosque in Reo, Manggarai Regency, has begun with a ground-breaking ceremony attended by Inisiatif Zakat Indonesia (IZI), local officials and community leaders. IZI’s chief executive praised residents’ and local government’s cooperation, while the mosque is expected to serve as a centre for worship, education and community activities.

Perpusnas Ready to Validate Undana Librarian Staffing Proposal

Indonesia’s National Library (Perpusnas) is ready to validate and recommend additional librarian positions at Nusa Cendana University (Undana), which serves more than 34,000 members of its academic community. The proposed staffing expansion is intended to strengthen library services and support staff development, alongside potential cooperation on training and digital literacy.

BKN Opens Path for Civil Servants to Work Closer to Family, with 63 Agencies Taking Part

Indonesia’s National Civil Service Agency (BKN) has relocated 101 of its employees in four phases so they can work closer to their families and home addresses. The policy, now adopted by more than 63 government agencies, is intended to support staff wellbeing while remaining subject to organisational staffing and operational needs.

Glamping Site in Bali’s Badung Swept Away by Landslide, Two People Missing

A landslide at Pelaga Eco Park in Badung, Bali, swept away one glamping structure and brought down three others after hours of heavy rain. Of 23 guests, 21 were evacuated, while two remain missing as search teams seek heavy equipment to assist the operation.

Kimia Farma’s Losses Narrow by 94.49%: Here’s Why

Kimia Farma reported sales of Rp7 trillion in the third quarter of 2026, while operating profit rose 129.31% year on year to Rp227 billion and EBITDA increased 32.04% to Rp503 billion. Its net loss narrowed from Rp234 billion to Rp13 billion, which the company attributed to ongoing operational improvements and transformation efforts; it plans to prioritise governance, liquidity, cost control and portfolio optimisation in the fourth quarter.

Kimia Farma cuts losses by 94 per cent through business transformation

State-owned pharmaceutical company Kimia Farma reduced its net loss to Rp13 billion in the first nine months of 2026, down from Rp234 billion a year earlier, while maintaining sales at Rp7 trillion. The improvement reflects stronger operating performance and efficiency measures as the company pursues a sustained business and financial recovery.

Jakarta Jali-Jali Festival Provides a Platform for Street Musicians

Central Jakarta Deputy Mayor Eric PZ Lumbun says the Jakarta Jali-Jali Festival gives street musicians a place to develop their creativity and receive recognition for their work. He hopes the event will also help preserve Betawi culture and provide an inclusive, well-managed platform for local artists.

Search for Angler Missing at Rumpin Quarry Hampered by Rubbish

Search and rescue teams are continuing to look for Muhayar, 43, who is believed to have drowned while fishing at a disused sand quarry in Rumpin, Bogor. The operation was suspended on Sunday evening because darkness made conditions unsafe, while rubbish in the water is also hindering the search.

Pesantren Alumni Urge Public Not to Be Provoked by Sukoharjo Islamic Boarding School Case

Islamic boarding school alumni have urged the public to remain calm over a case involving Hamalatul Quran Islamic Boarding School in Sukoharjo and to leave its handling to the authorities. Speakers also called for proportionate law enforcement, warning against intimidation and actions that could deepen divisions in the community.

Returning to His Childhood School: Presidential Chief of Staff Opens Renovated SDN Adisutjipto 2 in Yogyakarta

Presidential Chief of Staff Listyo Sigit Prabowo opened the renovation of his former primary school in Yogyakarta and reviewed its digital learning facilities and teaching in coding and artificial intelligence. The school also uses a productive garden and practical STEM activities to develop students’ creativity, critical thinking and everyday skills, in line with the government’s education and human-capital priorities.

UNSP’s Equity Returns to Positive Rp2.77 Trillion as Third-Quarter 2026 Sales Rise 19%

Bakrie Sumatera Plantations reported third-quarter 2026 sales of Rp2.21 trillion, up 19% year on year, while narrowing its net loss by 32% to Rp43 billion. Its equity swung from a negative Rp5.27 trillion to a positive Rp2.77 trillion, helped by debt-to-equity conversion and asset revaluation; the company is targeting Rp3 trillion in sales and a net profit for 2026.

Supreme Court Upholds Subhan’s Appeal and Orders Gibran’s High School Equivalency Certificate Destroyed

Indonesia’s Supreme Court has granted H. M. Subhan’s appeal over the high-school equivalency certificate issued for Vice-President Gibran Rakabuming Raka, declaring the claim successful in full and ordering the certificate withdrawn and destroyed. The ruling reverses decisions by the Jakarta administrative courts, while separate legal challenges over Gibran’s education credentials have also been pursued at the Constitutional Court and the Jakarta Administrative Court.

Five Years of Crypto Tax Collections Reach Rp2.18tn, Fintech Hits Rp5.4tn

Indonesia collected Rp2.18 trillion in taxes from crypto transactions over five years to September 2026, while fintech tax receipts reached Rp5.4 trillion. E-commerce VAT remained the largest digital-economy contributor, with receipts of Rp45.21 trillion; the Directorate General of Taxes says it will broaden collection and strengthen oversight to improve compliance.

Riau Police Enforce National Police Chief’s Vape Ban and Ask Internal Affairs to Monitor Compliance

Riau Police have extended a ban on vaping at police premises to staff and visitors, with the professional standards unit tasked with monitoring compliance. The policy is presented as part of efforts to prevent illicit drugs from reaching young people through vape liquids, alongside stricter discipline and rehabilitation measures for officers involved in narcotics misuse.

Responding to Supreme Court Ruling, Democratic Party Figure Says Gibran’s Vice-Presidential Status Is No Longer Valid

Democratic Party deputy secretary-general Jansen Sitindaon argues that a Supreme Court ruling invalidating Gibran Rakabuming Raka’s high-school diploma equivalency certificate means his legal status as vice-president has lapsed. He says Gibran should resign or face action by the legislature under Article 7A of the Constitution, though these are Jansen’s claims rather than an adjudicated determination about Gibran’s office.

Tense Moments as Concrete Mixer Truck Ploughs into Crowd, Killing Six in Bekasi

A concrete mixer truck suspected of suffering brake failure crashed into a crowd at a bus stop on Jalan Cut Mutia in Bekasi on Sunday afternoon, killing six people and injuring six others. A motorcyclist who was riding alongside the truck described hearing an unusual braking noise before it swerved sharply and overturned; several of the victims were children.

Gibran’s School Diploma Equivalency Certificate Case Discussed by Supreme Court Today: Vice-President’s Schedule Ahead of Ruling Explanation

Vice-President Gibran Rakabuming Raka is visiting West Sulawesi as the Supreme Court prepares to explain its decision granting an appeal over the validity of his high-school diploma equivalency certificate. His itinerary includes community and education visits, while the court’s ruling overturns an earlier Jakarta Administrative Court decision in a lawsuit against the Ministry of Primary and Secondary Education.

Get Ready: Indonesia Could Be Flooded with Aluminium—Here’s What’s Driving It

The Indonesia Mining Institute (IMI) expects rising alumina and aluminium production to create potential oversupply, as new bauxite-processing facilities and aluminium smelters come on stream. While domestic demand is about 1.2 million tonnes a year and Indonesia still relies heavily on imports, the industry says processing bauxite into aluminium could increase its value by as much as 80 times.

Ancol Makes Floating Mosque a Centre for Worship and Social Interaction

PT Pembangunan Jaya Ancol is positioning An-Nur Jakarta Floating Mosque as a place for worship, Islamic outreach and community interaction, beyond its role as a leisure destination. The initiative began with a gathering attended by 5,000 people and reflects the company’s commitment to making its public spaces more socially and spiritually valuable.

Semeru Lahar Flooding Hits Three Districts in Lumajang

Lahar flooding from Mount Semeru has inundated residential areas across three districts in Lumajang, with water levels reaching 50 centimetres. The local disaster agency has sent teams to assess the situation and respond to emergencies; casualties and confirmed landslide reports were not yet available.

JCI Trades Sideways as Investors Wait for Domestic Economic Data

Indonesia’s Composite Stock Price Index (JCI) edged up 0.08 per cent in morning trading as investors awaited a series of domestic economic releases, including inflation, trade and third-quarter growth data. Market sentiment was also shaped by geopolitical tensions, the US midterm elections, and concerns about slowing AI-related business growth after disappointing technology-company forecasts.

Aceh lawmakers urge national roads agency to prevent recurring landslides in western Aceh

Aceh provincial legislator Nurchalis has urged the national roads agency to carry out regular technical hazard assessments and mitigation along the West-South Aceh route, where falling trees and rocks frequently disrupt traffic. He says the route is vital to transport and local supply chains, and wants dangerous trees and unstable rocks addressed while longer-term tunnel plans remain uncertain.

Neolix and Sunway announce autonomous delivery partnership in Malaysia

Neolix and Sunway have signed an MoU to distribute autonomous delivery vehicles in Malaysia, targeting last-mile logistics and the movement of goods and medical supplies across Sunway’s businesses and townships. The deal comes as Neolix completes safety assessments ahead of the vehicles’ Vehicle Type Approval stage, and Sunway says the collaboration could support technology transfer, talent development and local business participation in emerging industries.

Modern Idols: Wealth, Power and Desire

The article argues that Islamic faith must be reflected in ethical conduct, especially in the use of wealth and political power, rather than reduced to religious symbols. It calls for accountable leadership, justice-centred institutions and policies guided by moral principles, while warning against corruption, exploitation and the elevation of personal interests above public welfare.

Rp1,500 Trillion in Additional State Revenue Potential, Hashim Says Wartegs and Salons Are Untaxed

Kadin Indonesia advisory board chairman Hashim Djojohadikusumo says as much as 30–40% of Indonesia’s economic activity—estimated at Rp10,000 trillion—goes unrecorded, limiting tax receipts. He argues that raising the state-revenue-to-GDP ratio from about 12% towards Cambodia’s 18% could generate an additional Rp1,500 trillion annually.

Private Jet Plunges Like a Missile Near Trump’s Residence

At least nine people were killed when a Learjet 60 crashed into a residential road in Palm Beach County, Florida, with video appearing to show the aircraft diving almost vertically before exploding. US authorities are investigating the cause; the crash occurred about 14 kilometres from Donald Trump’s Mar-a-Lago residence.

After Haji Isam’s Takeover, Bayan (BYAN) to Reshuffle Board of Directors and Commissioners

Bayan Resources will hold an extraordinary shareholders’ meeting on 23 November 2026 to approve changes to its board of directors and commissioners, although it has not yet named those who may be replaced. The meeting follows PT Jhonlin Baratama’s acquisition of a 30.25% stake from Low Tuck Kwong and his daughter Elaine for about Rp26.1 trillion.

Halal MSMEs and the Challenge of Breaking into Global Markets

Indonesia has a strong foundation for becoming a global halal-industry hub, but its micro, small and medium-sized enterprises (MSMEs) still face significant barriers to international expansion. The article argues that halal certification must be linked to stronger production capacity, quality standards, financing, branding and supply-chain integration so that Indonesian businesses can turn the global market’s growth into export opportunities.

AiMOGA Mobo logs 10,000 prospective customers worldwide

Chinese robotics company AiMOGA says its Mobo humanoid robot has attracted around 10,000 prospective customers worldwide. The company also outlined plans to expand commercial deployment through global experience centres, a robot-rental platform and partnerships, leveraging Chery’s manufacturing expertise.

Only 7.9 Million West Java Workers Are Covered by BPJS Employment

Only 7.9 million of West Java’s estimated 22.5 million workers are registered with BPJS Employment, while nationally just over 50.9 million of 129.9 million potential workers are active members. The agency says wider outreach and collaboration with local government—including a planned scheme to enrol 5.4 million informal workers—are crucial to expanding coverage, alongside programmes that help beneficiaries build financial and livelihood skills.

PLN Retains Top National Honours at the 2026 Satya JKN Awards, Strengthening Worker Protection for Reliable Services

PLN has retained its top national ranking in the state-owned enterprise category at the 2026 Satya JKN Awards, scoring 95 and leading 10 recipient SOEs for a second consecutive year. The award recognises the company’s compliance with Indonesia’s National Health Insurance programme, including requirements imposed on service-provider partners, which PLN says helps protect workers and underpin reliable electricity services.