Indonesian Political, Business & Finance News

Archive: 3 November 2026

Showing 451-500 of 1,557 articles

OCBC Forecasts Indonesia’s Economic Growth at 5.2% in 2026

OCBC expects Indonesia’s economy to grow by 5.2% in 2026, supported chiefly by domestic demand, investment and household consumption. Its economist cautioned that geopolitical tensions, global trade uncertainty and food-price pressures pose risks, while identifying opportunities in consumer sectors, manufacturing, logistics and renewable energy.

Banjarbaru City Government and Police Open Employment Access for the Unemployed

Banjarbaru’s city government and police have launched a programme to connect unemployed residents with job opportunities through jobseeker data collection, vacancy information and skills training. The initiative also calls on local companies to recruit more local workers and tailor opportunities to candidates’ qualifications.

KSSK Says Foreign Investors Remain Interested in Government Bonds, with Purchases Reaching Rp28.79 Trillion

Foreign investors made net purchases of Rp28.79 trillion in Indonesian government bonds (SBN) in the third quarter of 2026, while non-resident holdings rose 3.28 per cent from the end of 2025. The KSSK said the bond market remained resilient despite global volatility, but warned that energy prices, high US Treasury yields and October outflows from Indonesian equities could pressure domestic markets.

Freeport: Grasberg Mine Recovery Reaches 67 Per Cent

PT Freeport Indonesia says recovery at the Grasberg Block Cave underground mine has reached 67 per cent, in line with its forecast for the second half of 2026. The company reported third-quarter output of 249 million pounds of copper and 219,000 ounces of gold, while production capacity is expected to recover fully in the second half of 2027.

Indonesia Needs 4 Million Tonnes of Milk a Year; Amran Seeks Supplies from China

Agriculture Minister Amran Sulaiman has proposed expanding dairy trade cooperation with China to help meet Indonesia’s annual milk requirement of about 4 million tonnes. He also called for stronger supplies of garlic and soybeans, greater exports of Indonesian commodities to China, and research into wheat production to reduce import dependence.

Indonesian Grouper Goes Global as Digital Minister Urges AI Adoption in Villages

Communications and Digital Affairs Minister Meutya Hafid said agriculture, forestry and fisheries contribute around 12.61% of Indonesia’s GDP, and argued that AI could help strengthen rural economic growth. She called for digital technology to be made accessible to farmers and fish farmers, citing Lamongan grouper exports and consumption in Hong Kong, China and other countries as evidence of the sector’s global potential.

False: WHO Bans Flights to Indonesia over Haze from Forest and Land Fires

A viral social media post falsely claims that the WHO barred international airlines from flying to Indonesia, Singapore and Malaysia because of haze from fires. Some flights were cancelled or diverted because smoke reduced visibility, but there was no WHO-wide flight ban and Soekarno-Hatta Airport continued handling international services.

JCI Hit by Global Sentiment and Food Inflation

Indonesia’s Composite Stock Price Index (JCI) fell 3.78 per cent as investors retreated from riskier assets amid weakness in global markets and pressure on technology shares. Domestically, rising food inflation linked to El Niño-related supply disruption weighed on sentiment, although lower core inflation offered some relief on interest-rate pressures.

Government Pays Rp333.9 Trillion in Energy Subsidies and Compensation by October 2026

The government had paid Rp333.9 trillion in energy subsidies and compensation by 30 October, against a revised 2026 budget allocation of Rp500 trillion. Finance Deputy Minister Suahasil Nazara said higher global oil prices and a weaker rupiah are increasing payments to Pertamina and PLN, while the remaining allocation provides room to meet obligations through year-end.

BI: Foreign Inflows Reach US$13.23 Billion Since the Start of 2026 to 23 October

Bank Indonesia recorded net foreign portfolio inflows of US$13.23 billion from January to 23 October 2026, although flows turned slightly negative in the third quarter before recovering in early Q4. BI Governor Destry Damayanti said Indonesia’s external resilience needs strengthening amid global uncertainty; the rupiah weakened in October and November, while foreign exchange reserves remained robust at US$146.3 billion.

Bond Plan Still Awaiting Approval, Jakarta Governor Considers Revenue-Sharing Funds and SMI Loan

Jakarta Governor Pramono Anung says the provincial government is considering revenue-sharing funds (DBH) and a loan from state-owned infrastructure financier PT Sarana Multi Infrastruktur as alternatives to a bond issuance still awaiting central government approval. The alternatives are intended to prevent the capital’s development plans and public services from being delayed.

Iran on Highest Military Alert Amid Potential US Attack

Iranian Parliament Speaker Mohammad Bagher Ghalibaf says the country is at its highest level of military readiness and has warned the United States against making a “strategic mistake”. The heightened tensions come as Tehran and Washington reportedly hold intensive mediated talks, while the conflict’s impact on shipping through the Strait of Hormuz has contributed to rising fuel prices worldwide.

Surabaya City Council Urges City Government to Improve Bus Stop Facilities

Surabaya City Council Deputy Speaker Laila Mufidah has called on the city government to upgrade bus stops, many of which lack basic facilities and passenger comfort. She said stops should display bus schedules, routes and service information, complementing the Gobis app as the city expands services such as Suroboyo Bus and Wira Wiri.

Two Years of Prabowo-Gibran: Examining Strategies to Strengthen Indonesia’s Financial Sector

Over the first two years of President Prabowo Subianto’s administration, the government has pursued measures to transform and strengthen Indonesia’s financial sector, from capital-market reform and insurance policy protection to bullion banking and management of state assets. CNBC Indonesia’s Financial Forum 2026 will bring together government, regulators and industry participants to assess these initiatives and discuss the sector’s role in supporting an economic growth target of 5.8–6.5%, which is expected to require investment of around Rp8,667–8,743 trillion.

Deputy Home Affairs Minister Urges Inclusive and Sustainable Development in Papua

Deputy Home Affairs Minister Ribka Haluk says development in Papua must reflect local cultural and geographic conditions and involve government, security forces, customary leaders, businesses and communities. She also calls for closer coordination between central and regional governments, with local aspirations guiding implementation, to support peaceful and sustainable development.

Deputy Minister: Students Have Already Studied TKA Material at School

Deputy Education Minister Fajar Riza Ul Haq said students found that the material in the Academic Ability Test (TKA) had been covered in their school lessons, though some questions required careful reading and reasoning. He encouraged candidates to share honest accounts of the test and said its results can help identify strengths and areas for improvement.

15-Year Record: Half of Americans’ Spending Goes on Simply Getting By

US households spent a record 46.9% of their average annual outgoings on housing and food in 2025, while total spending rose faster than consumer inflation. Although average pre-tax household income increased, the figures highlight a severe affordability gap for lower-income households, alongside persistently weak consumer confidence.

12 People Hit by Truck in Bekasi Had Just Returned from a Wedding and Family Visit

Six people were killed and six injured when a concrete mixer truck with failed brakes struck a group on Jalan Cut Mutia in Bekasi. The victims, members of an extended family, had just returned from a wedding and a visit to relatives; the truck driver has been named a suspect.

Alternative Tourist Routes on Mount Merapi’s Slopes in Sleman Repaired, Residents Welcome Improvements

Sleman’s Public Works and Spatial Planning Agency has repaired about one kilometre of Jalan Banjarharjo, while damaged sections on the Jalan Suruh–Singlar route have also been patched. Residents say the work has made access to tourist destinations such as Klangon and Kaliurang more comfortable, though heavy lorries and remaining potholes mean continued maintenance is needed.

BSKDN Holds IGA 2026 Presentations to Assess the Impact of Regional Innovations

The Home Affairs Ministry’s BSKDN is conducting the third stage of the 2026 Innovative Government Award assessment, with 57 local governments presenting innovations for review. Officials say the award is intended to promote solutions with measurable public benefits and support economic growth, while the judging process draws on 30 assessment teams from 26 institutions.

Five Bali and NTB SMEs Selected for Business Development Support

Five selected small and medium-sized enterprises from Bali and West Nusa Tenggara will each receive Rp15 million, logistics services, promotion and mentoring through J&T Express’s Jawara Lokal programme, developed in collaboration with the Ministry of Micro, Small and Medium Enterprises. The initiative aims to strengthen business capacity, widen market access and improve the competitiveness of local products, which officials say is especially important for the region’s many micro-enterprises.

Pramono Plans Retention Pond to Help Prevent Flooding on the Angke River in West Jakarta

Jakarta Governor Pramono Anung says flooding remains a risk along the Angke River near Permata Buana despite river infrastructure works being about 90% complete. The Jakarta administration plans to build an additional retention pond, while broader flood-control works in Rawa Buaya and Cengkareng are scheduled in phases through 2029.

China’s Xi mourns Liu Yandong, rare woman official among country’s Communist elite

Chinese President Xi Jinping attended a ceremony in Beijing to mourn former vice-premier Liu Yandong, who died aged 80. Liu was one of only six women to have served as a full member of the Communist Party’s 25-member Politburo and oversaw portfolios including health, education, science and culture.

Brimob Deploys 700 Personnel to Clean Eight Rivers in Jatinangor

West Java Police’s Mobile Brigade (Brimob) has deployed around 700 personnel alongside military, local government, volunteers and residents to clear eight rivers in Jatinangor ahead of the rainy season. The three-day first phase is intended to reduce flood risks, particularly along the Cikeruh River, which is obstructed by rubbish and sediment.

Bagus’s Cunning Efforts to Conceal the Murder

Police say Dwi Bagus Martono waited more than two weeks before reporting his partner, Dini Hardiyanti, and her four-year-old son missing, and investigators believe he tried to cover up their murders. Forensic evidence, including human bone fragments and DNA, helped investigators trace the killings and the disposal of the victims’ remains; Bagus was subsequently arrested.

Responding to the Situation in Sukoharjo, Ahmad Luthfi Urges Residents to Preserve Unity

Central Java Governor Ahmad Luthfi has urged residents to handle differences peacefully and maintain social cohesion amid a dispute in Sukoharjo. The provincial government has deployed a support team to assist affected santri, identifying more than ten who need special attention, and says it will protect their access to education and psychological support.

Finance Ministry Confirms It Will Not Become an IDX Owner Amid Demutualisation

Indonesia’s Finance Ministry says it will not take an ownership stake in the Indonesia Stock Exchange (IDX) as the exchange moves towards demutualisation, maintaining that government’s role is policymaking rather than operating or owning the bourse. The ministry nevertheless backs capital-market reforms led by the Financial Services Authority and IDX, and will monitor progress against the action plan’s targets.

OJK: Capital Market Reform Is Like a ‘Detox’; A Falling IDX Composite Is a Consequence

The Financial Services Authority (OJK) says the IDX Composite’s weakness reflects the short-term effects of what it describes as Indonesia’s largest capital-market reform, as the market adjusts to global conditions. Despite the decline, OJK points to strong listed-company fundamentals and Rp205.77 trillion in capital raised through October 2026.

OJK Responds After Private Bank Customers Report Difficulty Withdrawing Funds

The Financial Services Authority (OJK) says it is closely monitoring a private bank after customers reported difficulties withdrawing or transferring their money. OJK Chair Friderica Widyasari Dewi said the regulator is assessing the bank’s condition and will take supervisory action as needed, while urging customers to rely on official information channels.

BNPB: Hydrometeorological Disasters in Lumajang Affect 1,567 Families

The number of households affected by a series of hydrometeorological disasters in Lumajang, East Java, has risen to 1,567, with two people reported dead and 1,417 homes damaged or affected. Response teams are providing assistance and restoring access, while BNPB has urged local authorities to monitor risks including rising river levels, damaged embankments and power disruptions.

PLN East Java Cuts Feeder Disruptions by 14% through September 2026

PLN’s East Java distribution unit reported a 14% reduction in feeder disruptions through September 2026, alongside a 99.79% positive customer experience rate. The company says the results reflect initiatives to improve service, productivity and staff safety, and its culture programmes earned two first-place awards and the overall title at the 2026 PLN Group Culture Festival.

Amran and China’s Agriculture Minister Agree to Boost Trade, Including Palm Oil

Agriculture Minister Amran Sulaiman and his Chinese counterpart Zhang Zhu discussed expanding agricultural trade, against the backdrop of bilateral trade worth about US$125 billion in 2025. Indonesia is seeking greater exports of commodities such as coconut, coffee and durian, while China proposed a working group on coffee, cocoa and palm oil and Indonesia also hopes to improve supplies of garlic and soybeans.

Police Bust 25 Drug Cases and Seize 2.8kg of Meth in Kotawaringin Barat

Police in Kotawaringin Barat arrested 28 suspects across 25 drug cases, seizing about 2.8kg of methamphetamine, 599 ecstasy tablets and 362 cartridges containing liquid etomidate. Authorities said the drugs were worth Rp3.8 billion and that the operation may have prevented drug abuse among around 6,700 people; suspects face serious penalties under Indonesia’s narcotics law and criminal code.

Pertamina and Toyota Strengthen Strategic Partnership to Support National Energy Security

Pertamina and Toyota Group have extended their strategic cooperation for five years, through to 2030, covering low-carbon fuels, lubricants, hydrogen technology and petrochemical products. The companies say the partnership will support Indonesia’s energy security and transition, while highlighting the need for supply, infrastructure and viable business models to make alternative energy commercially scalable.

Pertamina and Toyota Strengthen Collaboration to Support National Energy Security

Pertamina and Toyota have extended their strategic partnership for five years, through 2030, to work on lower-carbon fuels, lubricants, hydrogen technology and petrochemical products. The companies say aligning fuel development with automotive technology and building the infrastructure and commercial ecosystem for alternatives will help strengthen Indonesia’s energy security and advance the energy transition.

Prominent Western Historian Concludes Israeli Election Results Expose Fractures in the Zionist Project

The article interprets Israel’s election results as a defeat for Benjamin Netanyahu’s government, which now has 53 seats against 67 held by opposing blocs. It argues, however, that the result should be understood through the author’s characterisation of Israel as an apartheid regime, where Netanyahu’s bloc still outnumbers the opposing Jewish bloc and would need defectors to reach a governing majority.

BI Explains the Difference Between Producer and Consumer Inflation

Bank Indonesia says producer inflation of around 7% does not automatically translate into equivalent consumer price rises, as the two indices cover different goods and respond to different forces. Consumer inflation was 3.23% year on year in October 2026; BI will monitor whether producer price pressures persist and stresses that policy responses should address whether inflation is driven by supply or demand.

Destry’s Art of Supporting the Rupiah: More Than Just Market Intervention

Bank Indonesia Governor Destry Damayanti says the central bank uses a range of tools to stabilise the rupiah, alongside interventions in domestic and offshore markets. With the currency under pressure at Rp18,145 per US dollar on 2 November 2026, BI is also offering incentives for foreign portfolio flows and hedging, and can adjust interest rates and rupiah securities issuance.

Forest and Land Fires Drive a 61.3% Rise in Acute Respiratory Infections, with Children Most at Risk

South Kalimantan recorded 182,710 acute respiratory infection cases in September 2026 amid forest and land fires, a 61.3% increase, according to the Indonesian Paediatric Society. Doctors caution that the figures cover a range of respiratory illnesses and do not necessarily indicate a corresponding rise in pneumonia; young children and those with pre-existing conditions are particularly vulnerable to smoke exposure.

Geological Agency: Vast Geological Resources Come with Disaster Risks

Indonesia’s geological wealth—including minerals, energy, geothermal resources and groundwater—is matched by significant hazards because the country sits at the meeting point of major tectonic plates. Geological Agency chief Lana Saria and Yogyakarta Governor Sri Sultan Hamengku Buwono X called for resource use, environmental protection and disaster mitigation to be integrated into development planning, with scientific findings translated into practical policy and public risk communication.

KAI Restores Original Names of Long-Distance Trains After Criticism

PT Kereta Api Indonesia (KAI) has restored the original names of long-distance trains after passengers and railway communities criticised changes introduced alongside the 2026 timetable. The company said the renaming was intended to simplify names as services expanded, not to reduce services, but duplicate names had confused prospective passengers over departure times and fares.

Iran Says It Disabled US MQ-9 Drone over Strait of Hormuz

Iran’s Islamic Revolutionary Guard Corps (IRGC) says it disabled a US-made MQ-9 drone over the Strait of Hormuz and captured an intact MQM-170 surveillance drone after taking control of its guidance system. The claims, which could not be independently verified in the report, highlight tensions over surveillance and air defences in the strategically important Gulf region.

To Promote Green Policing, Seribu Islands Police Chief Plants 50 Mangrove Seedlings

The Seribu Islands Police have planted 50 mangrove seedlings at Jembatan Pengantin beach on Untung Jawa Island as part of their Green Policing initiative. The effort aims to protect the coast from erosion, restore marine ecosystems and encourage residents and visitors to care for the environment.

Komdigi Outlines Indonesia’s AI Rules, Seeks to Encourage Innovation

Indonesia is opting not to impose conventional, prescriptive regulation on artificial intelligence while the technology remains in development. Komdigi Secretary-General Ismail says the government will instead clarify safe and ethical boundaries, relying on public education and existing laws to address harmful conduct.

Financial Stability Committee Cuts 2026 Economic Growth Forecast to 5.4–5.5 per cent

Indonesia’s Financial System Stability Committee (KSSK) has lowered its 2026 growth forecast to 5.4–5.5 per cent, from its August estimate of 5.6–6.0 per cent, amid evolving global economic conditions. It nevertheless expects domestic resilience to be supported by household demand, exports, fiscal stimulus, government spending, investment in downstream processing and infrastructure, and social assistance.

With Bond Issue Still Unapproved, Jakarta Turns to Loans and Revenue-Sharing Funds

Jakarta Governor Pramono Anung says the central government has yet to approve the provincial government’s planned regional bond issue. Jakarta will instead use revenue-sharing funds and seek a loan from state infrastructure financier PT Sarana Multi Infrastruktur, while officials say development projects will continue as planned.

Lemhannas Governor: Leadership Transformation Begins on Campus

Lemhannas Governor Ace Hasan Syadzily says universities must help develop the next generation of national leaders as Indonesia faces mounting geopolitical, technological and climate challenges. He urged Syiah Kuala University to build skills in areas including maritime industries, food security, renewable energy and digital innovation to strengthen national resilience and support Aceh’s economy.

Russia: Ukraine Has Killed at Least 9,000 Russian Civilians Since 2022

A Russian Foreign Ministry envoy says Ukrainian attacks have killed 9,213 Russian civilians and injured nearly 27,000 since February 2022. He also reported hundreds of civilian deaths in July–September, including children, alongside attacks on buses and civilian infrastructure; the figures are attributed to Russian officials.

Promoting Inclusive and Sustainable Development in Papua: Deputy Home Affairs Minister Ribka Haluk Says People Want Peace

Deputy Home Affairs Minister Ribka Haluk says Papua’s development should be tailored to its cultural diversity, geography and local needs, with peace as residents’ foremost aspiration. She called for coordinated involvement from government, security forces, customary leaders, businesses, academics and communities, and urged authorities to keep implementation aligned with public input gathered during planning.

SMKN 2 Jakarta Undergoes Verification for Independent Adiwiyata School Status

SMKN 2 Jakarta is being assessed by the Ministry of Environment as a candidate for the 2026 Independent Adiwiyata award, which recognises schools’ environmental practices. The programme is framed not merely as a competition but as a way to embed environmental responsibility in students, with initiatives ranging from waste management and water conservation to mentoring three other schools.