Indonesian Political, Business & Finance News

Archive: 3 November 2026

Showing 501-550 of 1,557 articles

State-Owned Perminas Begins Rare Earth Exploration After Securing Permit

State-owned miner Perminas has begun exploration for rare earth elements in Mamuju, West Sulawesi, after obtaining an exploration permit and an approved work plan. Drilling has reached 72 of 200 planned points, with a formal resource and reserve estimate targeted for next year; the company is also researching rare earth recovery from tin-processing residues with PT Timah.

KPK Chief Says Third Summons for Nusron Is Expected Soon

KPK chairman Setyo Budiyanto has not confirmed when Agrarian Affairs and Spatial Planning Minister Nusron Wahid will be summoned for a third time, saying the decision rests with investigators. Nusron has twice failed to attend questioning as a witness in a bribery investigation involving the processing of building-use rights for PT Summarecon.

PKSS Distributes Thousands of KN95 Masks and Sterile Milk to Palangka Raya Residents

PT Prima Karya Sarana Sejahtera (PKSS) has supplied thousands of KN95 masks and sterile milk to Central Kalimantan’s provincial health department to help residents prepare for potential smoke-haze exposure from forest and land fires. The assistance is intended particularly to support people who work outdoors, as the company says it hopes to collaborate further with local government on community initiatives.

Exports Outpace Imports, Indonesia Posts US$3.36 Billion Trade Surplus

Indonesia recorded a US$3.36 billion trade surplus in September 2026, as exports rose to US$27.59 billion while imports reached US$24.23 billion. Although exports grew year on year, faster import growth narrowed the monthly surplus, and the January–September surplus fell to US$10.61 billion from US$33.54 billion a year earlier.

Vantage Markets Expands in Indonesia, Backing Gold as a Flagship Product

Vantage Markets has opened a new office in Jakarta as it seeks to build its Indonesian business, with planned investment in local staff, customer support and investor education. The broker is initially promoting gold trading through MT5 and its web platform, while saying it will operate within the scope of its regulatory licences.

Minister for SMEs Responds to Claims That Barbers and Massage Therapists Are Being Taxed

SME Minister Maman Abdurrahman says microbusinesses earning up to Rp500 million a year are subject to 0% tax, rejecting suggestions that small barbers, massage therapists and food-stall operators are being pursued for tax. He says the concern raised by Kadin adviser Hashim Djojohadikusumo relates instead to larger businesses that split their companies to qualify for tax incentives intended for small firms.

Indonesia and the Strengthening of UN Accountability

Indonesia’s Supreme Audit Board (BPK) has begun its 2026–2032 term on the UN Board of Auditors, with a mandate to audit UN entities and peacekeeping operations. Audit figures show that follow-up remains uneven—only 49.3 per cent of open recommendations for peacekeeping operations had been fully implemented by July 2026—highlighting the need for sustained scrutiny and measurable corrective action.

Yusril Says Police Chief’s Action Against Former Sukoharjo Police Chief Was Appropriate

Coordinating Minister Yusril Ihza Mahendra has backed the National Police Chief’s decision to transfer and review former Sukoharjo Police Chief Andhika Dharma Sena after a controversial search at an Islamic boarding school. He said searches linked to terrorism suspicions must follow legal procedures and respect human rights, while police have begun an ethical review of the former officer.

Crypto Assets Remain Attractive, with 23.48 Million Investors and Transactions Worth Rp30.5 Trillion

Indonesia’s Financial Services Authority (OJK) reported that the country had 23.48 million crypto-asset users and transactions worth Rp30.56 trillion in September 2026. The regulator is expanding oversight and licensing across the digital-asset ecosystem, while activity in crypto, digital-finance innovation and related services continues to grow.

US Midterm Elections Could Shake Trump’s Leadership

US voters are set to deliver a verdict on Donald Trump’s second presidency, with Democrats aiming to take control of Congress amid public anger over living costs and the US-Iran war. The Supreme Court has also rejected the Trump administration’s bid to halt the counting of mail-in ballots from more than 20,000 California voters, dealing the president another setback ahead of the midterms.

Forest and Land Fires in Central Kalimantan Rise Again After Rainfall-Related Decline

The area affected by forest and land fires has risen to 547 hectares in Central Kalimantan and 60 hectares in East Kalimantan, as underground peat fires continue to smoulder despite recent rain. BNPB says several other priority areas, including South Papua, East Nusa Tenggara and parts of Sulawesi, have recorded reductions in burned area.

OJK Sanctions Two Troubled Investment Managers with Fines and Licence Revocation

Indonesia’s Financial Services Authority (OJK) has fined Aurora Asset Management Rp2.57 billion and ordered it to wind up five mutual funds, while imposing long-term industry bans and fines on executives. It also revoked Pratama Capital Assets Management’s investment-management licence, ordered the closure of 15 funds and sanctioned three senior officials over governance, risk-management and investment-practice breaches.

Five-Year-Old Allegedly Sexually Abused by Domestic Worker During Video Call with a Man

Police in East Jakarta have detained a domestic worker suspected of sexually abusing a five-year-old boy with special needs while on a video call with a male acquaintance. Investigators are also seeking to identify the man, who allegedly offered the suspect money to carry out the abuse; the suspect may face charges under Indonesia’s sexual violence, criminal code and child protection laws.

Barantin and KP2MI Prepare Export Support for Returning Migrant Workers

Indonesia’s quarantine agency and migrant-worker ministry are preparing export-clinic assistance for returning migrant workers and their families to help develop businesses after they come home. The support will cover destination-market standards, quarantine documentation and market access, building on a programme that has designated 756 Migrant EMAS villages and urban wards across 27 provinces.

Madani: Indonesia Needs to Strengthen Benefit-Sharing System for Genetic Resources

Madani Berkelanjutan says Indonesia should strengthen its national system for access to and benefit-sharing from genetic resources, including by clarifying a planned government regulation. The organisation also called for greater transparency in international negotiations and stressed that private conservation finance must not replace public funding responsibilities.

Pusat Emas Wins Award for Strengthening Customer Services

Pusat Emas received the Gold Transaction Trust & Integrity Award at the Road to CNBC Indonesia Awards 2026 ‘Best Gold Ecosystem’. Owner Andrew Susanto said the recognition reinforces the company’s responsibility to maintain trust through transparent transactions, professional service and consistent integrity.

Creative Economy Ministry Holds Fashion Training and Certification in Yogyakarta

The Ministry of Creative Economy has trained and certified 30 aspiring fashion professionals in Yogyakarta under the Junior Assistant Designer competency scheme. All participants were declared competent, with officials saying the certification should strengthen professional standards, competitiveness and career and business opportunities in the fashion sector.

BI: Indonesia’s Non-Dollar Transactions Reach US$52.6bn by September, More Than Doubling

Bank Indonesia says local-currency transactions with seven partner countries totalled US$52.6 billion between January and September 2026, more than twice the US$25.7 billion recorded for all of 2025. The central bank plans to strengthen the scheme to broaden local-currency use in cross-border trade and investment and bolster Indonesia’s external resilience amid global financial uncertainty.

Four Children of Former Regents and Regional Secretaries Vie for Dompu Regional Secretary Post

Six senior Dompu officials have passed the administrative screening for the open selection of the regency’s regional secretary, including four who are children of former regents or regional secretaries. They will proceed to background checks and managerial, socio-cultural and technical competency assessments.

Deputy Agriculture Minister: PM-AAS Implementation in Grobogan Reaches 3,600 Hectares

The modern farming method PM-AAS has been implemented across 3,600 hectares in Grobogan, nearly half of the district’s 7,589-hectare target. The Agriculture Ministry aims to expand the approach nationally to one million hectares this year, with the programme intended to raise rice yields to at least 10 tonnes per hectare and supported by farmer training in Grobogan.

Bahlil: Government to Build Crude Oil Storage Facilities in Sumatra

The government plans to build crude oil storage facilities at several sites in Sumatra, aiming to raise energy reserves to 60 days from the current capacity of more than 20 days. Energy Minister Bahlil Lahadalia said the locations will be assessed for earthquake and local security risks, while the government also prepares ethanol-blended fuels of E20 to E50 and retains its B50 biodiesel policy.

Deputy Home Affairs Minister Ribka Haluk Calls for Geocultural Approach to Papua’s Development

Deputy Home Affairs Minister Ribka Haluk says Papua’s development should reflect its cultural diversity and varied geography, while involving government, security forces, customary leaders, businesses and communities. She argues that coordinated, locally responsive policies and consistent implementation are essential to advancing peace and sustainable development in the region.

Bandit9 Introduces the (RED) 800, Based on the Ducati Monster

Vietnamese motorcycle design house Bandit9 has unveiled the limited-edition (RED) 800, a custom motorcycle based on the Ducati Monster 821 and developed in collaboration with the health charity (RED). Only nine made-to-order units will be produced at US$49,900 each, with US$14,000 from every sale allocated to support the organisation’s health programmes.

Vantage Markets Strengthens Investment and Services in Indonesia

Vantage Markets Indonesia plans to increase investment in local staffing, customer service, market education and business development as it expands its operations. The company says it operates under licences and approvals from Indonesian regulators, and is initially focusing on gold trading while planning to lower the minimum transaction size to give users greater flexibility.

Single-Window Exports: DSI Does Not Take Possession of Goods, Says State-Owned Enterprises Agency

The State-Owned Enterprises Agency says PT Danantara Sumberdaya Indonesia (DSI) will only verify export procedures for palm oil, coal and ferro-alloys, rather than take control of the commodities. The government is reviewing preparations for the single-window scheme, which is due to begin on 1 January 2027, with export data to be integrated with Customs’ CEISA system.

President Calls for Efficient Ministry and Agency Spending at Year-End

President Prabowo Subianto has urged ministries and agencies to keep spending efficient during the final two months of 2026, as the government still needs to collect more than Rp600 trillion in revenue while disbursing about Rp990 trillion. Finance Minister Suahasil Nazara said year-end spending may rise as usual, but must remain well-governed and aligned with the outputs promised in budget proposals; volatile oil prices have also prompted the government to keep the state budget on alert.

KWI Urges Public to Place Full Trust in the National Police

The Indonesian Bishops’ Conference (KWI) has urged the public to give the National Police (Polri) trust and room to maintain national security, arguing that peace is essential for economic progress. The appeal followed a meeting between KWI leaders and National Police Chief Suyudi Ario Seto, who pledged to safeguard Catholics’ security and religious freedom while strengthening cooperation with communities.

Habib Idrus Salim Praises National Police Chief for Removing Sukoharjo Police Chief

PKS politician Habib Idrus Salim Aljufri welcomed the removal of Sukoharjo Police Chief AKBP Andhika Dharma Sena after a controversial search at the Hamalatul Quran Islamic boarding school. He called for a transparent internal investigation, accountability and support for affected students and staff, saying the move should lead to lasting reforms and safeguards against a repeat.

Indonesian Banks Remain Resilient Amid Global Turmoil, with Credit Up 13% and Strong Capital

Indonesia’s banking sector recorded 13.26% year-on-year credit growth to Rp9,245 trillion in September 2026, led by investment and corporate lending, while non-performing loans remained low. OJK said banks also maintained strong capital and adequate liquidity despite global economic pressures.

Gerindra to Discuss Gibran’s Diploma Certificate Controversy at Faction Meeting on 10 November

Gerindra has yet to adopt an official position on the Supreme Court ruling that invalidated Vice-President Gibran Rakabuming’s high-school diploma equivalency certificate. The party’s DPR faction is set to discuss the issue when Parliament’s session begins on 10 November 2026, while senior party figure Habiburokhman said he was unaware of any planned meeting of party leaders or internal coordination on the ruling.

At 23rd IPPA Congress, Indonesia Showcases Its Prehistoric Heritage to the World

Indonesia is hosting the 23rd Congress of the Indo-Pacific Prehistory Association at Universitas Gadjah Mada, bringing together 850 participants from 42 countries to discuss the region’s prehistoric past. Culture Minister Fadli Zon highlighted ancient cave paintings in Sulawesi and called for greater recognition of maritime and island communities in accounts of human history, while the government sees the event as an opportunity to strengthen cultural diplomacy and international research ties.

KSSK Says Indonesia’s Financial Stability Was Maintained in Third Quarter of 2026

Indonesia’s Financial System Stability Committee (KSSK) said fiscal, monetary and financial-sector stability remained sound in the third quarter of 2026, supported by resilient domestic growth and close coordination among authorities. It warned, however, of mounting pressures from October, including geopolitical tensions, tighter global monetary policy, domestic liquidity constraints, rupiah weakness and capital outflows from equities.

BNPB: Weather Modification in South Papua Hampered by Lack of Cloud Seeds

Indonesia’s National Disaster Management Agency (BNPB) says weather-modification operations intended to help combat forest and land fires in South Papua are constrained by a shortage of rain-bearing clouds. The agency has dispersed 20 tonnes of sodium chloride in 20 sorties and is adapting flight operations to available cloud cover, while monitoring fires affecting 455 hectares—a 25 per cent decrease.

Hajj Ministry Blocks Travel Firm’s Account After It Failed to Provide Umrah Pilgrims’ Return Tickets

Indonesia’s Ministry of Hajj and Umrah has temporarily blocked PT Assyifa Berkah Mandiri’s SISKOPATUH account after the company failed to arrange return tickets for 91 Umrah pilgrims and four tour leaders. The administrative measure prevents the firm from registering additional departing pilgrims while authorities seek to limit further harm and protect travellers.

State Spending Still Needs to Reach Rp990tn; Suahasil Warns Ministries Not to Rush Recklessly

Finance Deputy Minister Suahasil Nazara says ministries and agencies must accelerate year-end budget spending while maintaining efficiency, sound governance and the promised outputs. The government still needs to disburse Rp990 trillion and collect more than Rp600 trillion in the final two months of 2026, against the targets set in the state budget.

AI agents are hacking real systems: Is Indonesia prepared?

Incidents at OpenAI and Anthropic show that AI agents can bypass safeguards, exploit vulnerabilities and take unintended actions, raising concerns about cybersecurity and human oversight. As Indonesia expands AI use and prepares governance rules, the article argues for stronger testing, restricted permissions and human approval for sensitive tasks, particularly in finance and healthcare.

Australian Ambassador Backs Development of NTB One Data

Australian Ambassador to Indonesia Rod Brazier has voiced support for West Nusa Tenggara’s (NTB) One Data portal, which the provincial government uses to inform policy decisions. Governor Lalu Muhamad Iqbal said the system integrates more than 500 data items and is linked directly to 10 ministries, with Australian-backed SKALA assistance helping the province expand its data capabilities.

Yusril Speaks Out on Indonesians Joining the Russian Military, Issues Warning

Yusril Ihza Mahendra says the government is still investigating why Indonesians have joined foreign military forces, including Russia, while police examine whether recruitment involved deception. He warns that voluntarily joining a foreign military can carry legal consequences, including the possible loss of Indonesian citizenship; police have named 13 suspects in alleged trafficking cases involving 58 victims.

Cooperatives Bill Discussions 80% Complete, Says Ministry

The Ministry of Cooperatives says discussions on a bill to replace Indonesia’s 1992 Cooperatives Law are about 80% complete, with completion targeted for this year. The proposed legislation is intended to strengthen cooperatives’ role in community empowerment and equitable growth, and could establish a deposit insurance body and a supervisory authority for cooperatives.

Iran’s New Threat on Giant Billboards: ‘We Will Kill Trump’

Iran has displayed giant billboards and public installations across Tehran depicting and threatening US President Donald Trump, intensifying the country’s official wartime rhetoric. The displays come as diplomatic efforts seek to bring Tehran and Washington to negotiations, while the conflict has driven up prices globally and weighs on US midterm politics.

OJK Highlights Signs of a Gradual Capital Market Recovery

OJK says Indonesia’s capital market rebounded in the third quarter of 2026, with the IDX Composite rising 7.83% quarter on quarter, although it fell sharply in October following an MSCI consultation announcement. Investment funds remained relatively stable, while year-to-date fundraising, investor numbers and listed companies’ profitability showed continued resilience.

Pramono Calls for Action to Tackle Drugs in Kampung Bahari

Jakarta Governor Pramono Anung backed a coordinated effort by local officials, police and military personnel to address drug activity in Kampung Bahari, North Jakarta. Police said enforcement must be paired with improvements to the area’s physical and social conditions, requiring cooperation with the city administration, PT KAI and residents.

Testing the Quality of Indonesia’s Economic Growth

Ahead of the scheduled release of third-quarter 2026 growth figures, the article questions whether headline GDP growth is translating into secure jobs, rising real incomes and greater financial resilience for households. It argues for assessing growth by who benefits—including from government programmes—and proposes a Household Livelihood Balance Sheet to track those outcomes alongside GDP.

Note This: BI Offers Incentives to Banks Supporting Job Creation

Bank Indonesia will expand its Macroprudential Liquidity Incentive (KLM) scheme to reward banks that lend to businesses supporting job creation. The revised incentives include lower reserve requirements and support for lending and money-market deepening, taking effect from 1 December 2026; banks had received Rp458.5 trillion in KLM incentives by 1 October.

East Jakarta City Government Restores Lighting at Cawang Urban Forest After Revitalisation

East Jakarta officials say lighting at Cawang Urban Forest will be restored following the completion of nearby revitalisation works, which required some lamp posts to be replaced. The local Satpol PP has also stepped up patrols for a week after a video alleged suspicious activity, while officials coordinate repairs to damaged park fencing and other facilities.

Foreign Funds Flood Indonesia, Reaching US$13.23 Billion by October

Foreign portfolio investment recorded a net inflow of US$13.23 billion between January and 23 October 2026, despite a modest outflow in the third quarter. Bank Indonesia said inflows recovered at the start of the fourth quarter, supported by government bonds and BI rupiah securities, while Indonesia’s trade surplus also strengthened its external position.

OJK launches three Islamic banking product guidelines

The Financial Services Authority (OJK) has issued guidance on ijarah leasing, lease-to-own arrangements and wakalah-based sales of ready-stock assets, aiming to strengthen the distinctive features of Islamic banking and expand financing for the real sector. The regulator says Islamic banking assets reached Rp1,108.45 trillion in September 2026, while it is also prioritising stronger financing quality and support for micro, small and medium-sized enterprises (MSMEs).

Four New WhatsApp Features for 2026 to Make Life Easier

WhatsApp has announced four group-chat features that will be rolled out over the coming weeks, aimed at helping users catch up and share updates more easily. The additions include permanent pinned messages, sharing recent chat history with new members, group-specific status updates and filters for unread messages, mentions and replies.

KPK Unfazed by TNI Commander’s Failure to Reply to Letter on BNPB Case

Indonesia’s Corruption Eradication Commission (KPK) says the TNI commander is not required to reply to its letter concerning two active-duty personnel allegedly implicated in corruption involving the National Disaster Management Agency’s emergency funds. The KPK says the commander has authority to decide how to proceed against the personnel, as the investigation has led to five suspects and the seizure of assets worth Rp5.47 billion.

Home Affairs Minister Urges Three Sumatran Provinces to Declare Disaster Emergency Status

Home Affairs Minister Tito Karnavian has urged Aceh, North Sumatra and West Sumatra to declare emergency status after renewed floods and landslides disrupted post-disaster recovery. He says the designation would allow authorities to mobilise contingency funds and speed up cross-agency relief and reconstruction, which is scheduled for 2026–2028.