Indonesian Political, Business & Finance News

Archive: 3 November 2026

Showing 551-600 of 1,557 articles

Government prepares to implement E20 to E50 to strengthen energy resilience

The government is preparing to introduce petrol blended with 20 to 50 per cent ethanol, following President Prabowo Subianto’s inquiry about the country’s readiness. Energy Minister Bahlil Lahadalia said the plan will require coordination with the Agriculture Ministry, while the government also plans crude oil storage facilities in Sumatra to raise reserves to as much as 60 days and will maintain its B50 biodiesel policy.

Women’s World Banking urges inclusive financing for women-led MSMEs

Women’s World Banking is calling for government-backed lending programmes to reflect women entrepreneurs’ business realities, including their cash flows, informal operations and differing financing needs. Speakers at an international forum said programmes should build business capacity and help MSMEs progress towards sustainable commercial finance, rather than measure success solely by credit disbursement.

Indonesia prepares 1 million tonnes of SPHP rice to stabilise prices

Indonesia has prepared 1 million tonnes of subsidised SPHP rice, priced at Rp12,500 per kilogram, to help stabilise supplies and protect consumers from rising prices amid lower production after the dry season. The government is also releasing corn and older rice stocks at controlled prices for poultry farmers and food processors, aiming to contain costs and prevent increases in consumer food prices.

Video: Gold Ecosystem to Support 8% Economic Growth as Indonesia Advances Gold Downstreaming

Indonesia is seeking to strengthen its gold and bullion ecosystem to help achieve its target of 8% GDP growth, supported by substantial domestic reserves and strong consumer demand. The government also wants to expand value-added activity, investment and exports, and strengthen state-owned companies’ role across the gold supply chain.

Democrats Hold Back, Wait 14 Days After Supreme Court Ruling on Gibran

The Democratic Party says it will withhold its political response to the Supreme Court ruling on Vice-President Gibran Rakabuming Raka’s education-equivalency certificate until the 14-day period has elapsed and it has reviewed the court’s written reasoning. The issue is expected to be discussed by MPs when Parliament reconvenes after its recess, while a senior party official has separately argued that the ruling undermines Gibran’s eligibility and called for his resignation or impeachment.

Indonesia targets 150,000 tonnes of soybeans to cut import reliance

Indonesia aims to produce 150,000 tonnes of soybeans to reduce its dependence on imports, with a government programme seeking to lift yields from 1.6–1.8 tonnes per hectare to three tonnes. Grobogan, Central Java, is an initial focus, where officials target 15,000 tonnes from 5,025 hectares through collaboration with local authorities, Gadjah Mada University and state-owned fertiliser producer Pupuk Indonesia.

Dompu Police Officer Accused of Impregnating Detainee

An allegation that a female detainee at Dompu Police Station was impregnated after being sexually abused by an officer has gone viral on social media. West Nusa Tenggara Police say the case is being handled by their internal professional and security division; the officer reportedly identified as the station chief has been transferred, and a replacement has been appointed.

This State-Owned Company Already Has a Rare Earth Mining Permit: Here’s Where

State-owned PT Perusahaan Mineral Nasional (Perminas) has secured an exploration permit for rare earth elements in Mamuju, West Sulawesi, with two blocks covering 7,300 hectares. It has begun infill drilling at 72 of 200 planned points to refine geological data and reassess resource and reserve estimates.

From the Strait of Hormuz to El Niño, a Major Test for Indonesia’s Energy Resilience

Geopolitical tensions and increasingly severe climate impacts are exposing vulnerabilities in Indonesia’s fossil-fuel-dependent energy system, from price shocks and disrupted coal transport to strain on power plants and transmission networks. An IESR researcher says scaling up renewables will require far greater investment alongside major upgrades to transmission and battery storage, while South Korea’s experience highlights the role of clean energy in strengthening supply security.

How Reports of a Senior Police Officer’s Arrest Emerged, with Alleged Phone-Tapping in the Spotlight

Reports circulating on social media claim that six senior Indonesian police officers were arrested over alleged wiretapping and placed in a special detention facility at the Mobile Brigade headquarters in Depok. The National Police had not confirmed the claims as of 3 November 2026, but its public relations division said it would issue an official statement later that day.

OJK Fines Aurora Asset Management Rp2.57bn and Orders Liquidation of Five Mutual Funds

Indonesia’s Financial Services Authority (OJK) has fined Aurora Asset Management Rp2.575bn and ordered it to liquidate five managed mutual funds within six months. The regulator cited multiple investment-management breaches, and imposed a 20-year ban on shareholder Piter Rasiman from holding roles in financial services firms; director Manuel Manahan Maleaki was also fined Rp610m and barred from company positions after liquidation.

Uzbek and US Scientists Honoured with 10th World Agriculture Prize

Uzbekistan’s Agriculture Minister Ibrokhim Y. Abdurakhmonov and US wheat geneticist Jorge Dubcovsky have jointly received the 10th World Agriculture Prize, with each awarded US$100,000. Their research has advanced cotton and wheat varieties, boosting yields and nutrition, while the award ceremony also issued a decade-long call for agricultural education, research and innovation to support sustainable food systems.

Vietnam Pulls Ahead of Indonesia Despite a Much Smaller Economy

Vietnam’s economy grew 8.02% in 2025, outpacing Indonesia’s 5.11% as manufacturing expansion and more efficient investment helped drive its performance. Economists say Indonesia must strengthen higher-value industries, improve logistics and workforce skills, reduce business costs and provide greater regulatory certainty to attract productive investment and break out of its prolonged growth range.

KNEKS Urges Integration of the Sharia Economy into Regional Development by Strengthening KDEKS Banten

KNEKS is urging Banten’s provincial government and its regional sharia economy committee, KDEKS, to embed sharia economy programmes in regional development plans. It recommends an action plan, clearer outcome targets and cross-agency coordination to strengthen the local halal and Islamic finance ecosystem and support Indonesia’s ambition to become a global sharia finance centre.

Gorontalo Provincial Government Subsidises Seven Food Staples at Alale Cheap Market

Gorontalo’s provincial government is offering 1,000 subsidised food packages for Rp95,000 each at a market in Alale, although their normal market value is Rp275,000–Rp280,000. The initiative, run with Bone Bolango regency and Alale village authorities, aims to support household purchasing power and help stabilise prices and curb regional inflation.

Study: Gen Z and Millennials Begin to Show Interest in Battery-Powered Vehicles

A Populix study of 800 upper-middle-class car owners found that one in five respondents, particularly those aged 25–35, is interested in owning an electric or hybrid car, although conventional vehicles remain dominant. Buyers also weigh technology, performance, brand reputation and after-sales service, while concerns about charging infrastructure have eased.

State Revenue Reaches Rp2,341 Trillion in Q3 as Coretax Boosts Tax Receipts

Indonesia’s state revenue reached Rp2,341.5 trillion by the end of September 2026, up 25.5% year on year, with tax receipts supported by economic activity and the rollout of the Coretax administration system. State spending rose 19% to Rp2,660.5 trillion, funding priority programmes, social protection, infrastructure and energy subsidies as the government seeks to sustain economic growth.

Yusril: No Conclusions Yet on Why More Indonesians Are Joining the Russian Military

Coordinating Minister Yusril Ihza Mahendra says authorities have not established why Indonesians are increasingly serving in foreign militaries, while police investigate possible trafficking and recruitment fraud. Police have named 13 suspects in cases involving 58 alleged victims, and Indonesia has formally urged Russia to stop recruiting Indonesians into its military.

Megawati Says She Avoids Mobile Phones for Fear of Political and Foreign Spying

Former Indonesian president Megawati Soekarnoputri said she avoids owning or carrying a mobile phone because she fears it could be tapped by political opponents or other parties. Speaking to prospective PDI-P legislative candidates in 2018, she also alleged that she had often been targeted by surveillance and referred to an institution where former KPK spokesman Johan Budi had worked.

Minerba Convex 2026: MIND ID Shows How Minerals Matter in Everyday Life

MIND ID used its interactive showcase at Minerba Convex 2026 to demonstrate how minerals processed through downstream industries support technology, healthcare and active lifestyles. Energy and Mineral Resources Minister Bahlil Lahadalia said the government would continue strengthening downstream processing and industrialisation to increase domestic value creation and broaden public benefit.

Dwi Bagus Spoke to His Legal Wife Before Breaking Down in Tears

After a reconstruction of the murders of Dini Hardiyanti and her four-year-old child, Dwi Bagus Martono knelt before his legal wife, Martha Amalia Iflahah. Martha said he broke down after learning that her parents had forgiven him, and she urged him to accept the legal consequences of his actions.

Indonesia seeks fisheries graduates to support vessel modernisation

Indonesia’s fisheries ministry is seeking qualified vocational graduates for civil service roles supporting fishing vessel modernisation and the Red and White Fishing Villages programme. The recruitment drive is intended to build the workforce needed to improve fishing operations and fishers’ welfare, alongside plans for 5,000 villages and 4,582 modern vessels by 2029.

KAI Adds 39 Train Services Under the 2026 Timetable

KAI has added 39 train services under its 2026 Grafik Perjalanan Kereta Api (Gapeka), effective from 1 December 2026, to expand capacity and improve passenger mobility. The timetable changes include journey-time reductions of up to 90 minutes, improved intermodal links and separate toilets for women and men, with the operator projecting annual passenger growth of 8–12 per cent.

Barantin Urges Large Companies to Mentor SMEs for Export

Indonesia’s Quarantine Agency (Barantin) is encouraging large companies, including those in the swiftlet-nest and fisheries sectors, to mentor micro, small and medium-sized enterprises (MSMEs) seeking to export. The initiative complements Barantin’s Export Quarantine Clinics, which advise businesses on destination-market requirements, and aims to expand export readiness nationwide.

Two TransJakarta Buses Seen Travelling Towards Each Other on One Lane in Central Jakarta

A viral video showed two TransJakarta buses facing each other on a lane near Tugu Tani in Central Jakarta, where a contraflow traffic scheme was in effect. TransJakarta apologised for delays and said it was tightening supervision and adding traffic guides at crossing points after congestion during the morning rush hour disrupted bus operations.

TransJakarta Bus Seen Driving Against Traffic During Contraflow at Tugu Tani, Central Jakarta

A video of a TransJakarta bus travelling against the flow of traffic during a contraflow arrangement at Tugu Tani has gone viral, with congestion holding up buses and other vehicles. TransJakarta apologised to affected passengers and said it would strengthen monitoring and guidance at crossing points; the contraflow has been in place each morning since 21 July 2026 to accommodate ongoing works.

BNPB: Despite Rain, Air Fleet Remains on Full Alert to Tackle Forest and Land Fires

Indonesia’s National Disaster Management Agency (BNPB) says recent rainfall has not eliminated the risk of forest and land fires, particularly in peatlands where underground embers can persist. It has kept 51 aircraft and helicopters on standby, while weather-modification operations and ground crews support efforts across priority provinces.

National Police Chief Seeks Religious Leaders’ Input on Public Security

National Police Chief Suyudi Ario Seto has asked the Indonesian Bishops’ Conference (KWI) to strengthen cooperation with police on maintaining public order and security. The KWI says the Catholic Church is ready to work with the police, while its chairman argues that a peaceful and secure environment can also support national economic recovery.

Government Extends Rice Assistance for 33.2 Million Families

The government has extended its rice assistance programme for 33.2 million beneficiary families in the lowest four income deciles, covering October to December 2026. Each family will receive 30kg of rice in a single distribution, with nearly one million tonnes required nationwide.

Listening to ‘Anker’ Voices, KAI Cancels Train Name Changes

Indonesia’s state-owned railway operator KAI has reversed planned name changes to several long-distance services under its 2026 timetable after hearing strong feedback from passengers on social media. The decision reflects the close ties passengers see between train names, service operations and railway history; the revised timetable is scheduled to take effect on 1 December 2026.

Manufacturing Showdown Among Eight Global Giants: US Strong, China Starts to Weaken

Manufacturing activity remained in expansion across all eight economies in October 2026, but six recorded a slowdown from September. The United States and Taiwan shared the highest PMI reading at 54.9, while Germany and the UK were the only economies to improve; South Korea saw the steepest decline.

Dollar Strengthens to Rp18,145/US$, BI Governor Identifies the Causes

Bank Indonesia Governor Destry Damayanti said the rupiah’s continued weakness is being driven mainly by external pressures, including Middle East geopolitical tensions, tighter US monetary policy and global investor sentiment towards emerging-market assets. The currency stood at Rp18,145 per US dollar on 2 November, compared with around Rp17,830–Rp17,870 during its strengthening period in September.

Suahasil Reveals Tough 2026 State Budget Target: More Than Rp600 Trillion in Revenue Still to Come

Finance Minister Suahasil Nazara said the government must collect more than Rp600 trillion in state revenue and spend about Rp990 trillion in the final two months of 2026. He urged ministries and agencies to accelerate spending only while maintaining efficiency, good governance and the planned outputs; the 2026 budget targets a Rp686.1 trillion deficit, or 2.68% of GDP.

Bringing Goodness to the Land of the Prophets: AMAL and Wakaf Salman Build an Endowment Well in Gaza

AMAL and Wakaf Salman have built the Haboush (Mahabbah) Camp Endowment Well on Ahmad Yaseen Street in Gaza to improve access to clean water. The project is expected to serve about 1,500 people daily and reach up to 10,000 beneficiaries each month, illustrating how waqf donations can provide lasting humanitarian support.

Good News! Foreign Investors Buy Rp28.79 Trillion of Indonesian Government Bonds Amid Global Turmoil

Foreign investors recorded net purchases of Rp28.79 trillion in Indonesian government securities, signalling continued resilience in the market despite global financial volatility. Finance Minister Suahasil Nazara said the 10-year government bond yield spread over US Treasuries stood at 183 basis points, slightly lower than at the end of 2025.

Prabowo Summons Economic Ministers and BI Governor to Palace

President Prabowo Subianto chaired a meeting with economic ministers and Bank Indonesia Governor Destry Damayanti to review the national economy, including inflation, manufacturing activity, foreign capital flows and state budget management. Officials said inflation and the manufacturing PMI remained within or above expected levels, while the government faces significant revenue-collection and spending tasks in the final two months of 2026 and has been instructed to maintain budget efficiency.

DEN Estimates Coal and Other Exports via DSI Could Be Worth Rp1,452 Trillion

Indonesia’s National Economic Council estimates that exports of coal, palm oil and ferro-alloys, including derivatives, are worth about US$80 billion a year—roughly 30% of the country’s total exports. From 1 January 2027, exports of these commodities are due to be channelled through state-owned PT Danantara Sumberdaya Indonesia, with the government aiming to secure export proceeds, curb under-invoicing and illegal transfer pricing, and encourage direct shipments to buyers rather than via transit countries.

DIM and Denera announce third-batch DPT results for waste-to-energy projects

Danantara Investment Management and Daya Energi Bersih Nusantara have announced 101 companies and consortia that passed the third batch of verification for the Selected Providers List for developing and operating waste-to-energy facilities. The updated list supersedes the previous publication and is the official reference for the selection process, bringing together domestic and international participants.

Metro Jakarta Police Hunt Regional Drug Kingpin Following North Sumatra Cannabis Case

Metro Jakarta Police are seeking a suspect identified as K, alleged to have coordinated cannabis distribution from North Sumatra to Depok and Tangerang. The investigation follows the seizure of 44.1 kilograms of cannabis and the arrest of a courier who investigators say had previously made two other large shipments.

Police Arrest Long-Wanted Drug Dealer in North Jakarta’s Kampung Bahari

Metro Jaya Regional Police have arrested a suspected drug dealer identified only as K in Kampung Bahari, North Jakarta, after including him among 18 targets in an operation. K tested positive for etomidate, while police say narcotics reach Jakarta through land, sea and air routes and are seeking public information to support enforcement efforts.

Economic Pressures Mount, but Government Confident Indonesia Will Still Grow by 5.5%

The government expects Indonesia’s economy to grow by 5.4–5.5% in 2026, despite mounting global pressures affecting domestic activity. Finance Minister Suahasil Nazara said third-quarter growth is expected to remain robust, supported by domestic demand, exports and government stimulus, while vehicle sales and manufacturing activity have also strengthened.

Police Shake-Up Sees Metro Jaya Regional Inspector and Operations Bureau Chief Reassigned

National Police Chief Suyudi Ario Seto has reshuffled several senior officials at the Metro Jaya Regional Police, including appointments to the posts of regional inspector and operations bureau chief. The police said the transfers are part of routine organisational renewal and career development, intended to keep leadership and operations effective amid increasingly complex duties.

Samsung Galaxy A58 Certification Reveals Fast-Charging Feature

Samsung’s Galaxy A58 has received 3C certification in China, indicating that its launch is approaching and confirming support for 45W wired fast charging. The mid-range phone is expected to arrive around March 2027, with camera hardware similar to its predecessor and Android 17 with One UI 9.5.

New Blow to the Aviation Industry as Airlines Fall Victim One by One

Malaysia Airlines says some customer personal data may have been exposed in a cyber incident affecting global travel-booking technology provider Amadeus. It is the latest Asian airline to report an impact, after Cathay Pacific and Japan Airlines disclosed tens of thousands of affected booking records, while Malaysia Airlines says its own internal IT systems and customers’ financial information remain secure.

Amid Flooding, Shallot Farmers Bring Forward the Harvest

Flooding after several days of rain in Junjung village, Tulungagung, has prompted farmers to harvest shallots early to limit damage to crop quality. With farm-gate prices currently at Rp15,000–Rp20,000 per kilogram, growers hope the early-picked produce will retain its quality and market value despite uncertainty over the harvest.

Government prepares one million tonnes of SPHP rice to stabilise prices

The government is preparing one million tonnes of rice under its Food Supply and Price Stabilisation (SPHP) programme, selling it at Rp12,500 per kilogram against market prices of about Rp15,000. The measure is part of a broader effort to limit food-price pressures late in 2026, alongside subsidised maize for poultry farmers and older rice stocks for food processors.

National Police Chief Suyudi Reshuffles Several Police Chiefs, Including in Bandung and Jakarta

National Police Chief General Suyudi Ario Seto has rotated a number of regional police chiefs as part of a wider reshuffle involving 264 senior and middle-ranking officers in November 2026. The changes include leadership posts in Bandung, Palembang and Jakarta, which police say are intended to refresh the organisation and improve operational effectiveness.

National Police Chief Suyudi Makes Major Shake-up, Replacing Six Deputy Regional Police Chiefs

National Police Chief General Suyudi Ario Seto has reassigned 264 senior and middle-ranking officers, including six deputy regional police chiefs, under a 2 November 2026 telegram. Police say the rotations are routine career development and organisational refreshes intended to maintain continuity and improve operational effectiveness amid increasingly complex challenges.

Serbian and Brazilian Elections Weaken Trump’s Political Position

Left-leaning victories in Serbia and Brazil mean Donald Trump has lost a European ally and faces the continued rule of a Brazilian leader he dislikes, although neither result is expected to affect the US midterm elections. Analysts say Trump’s domestic standing is more consequential, with low approval ratings and voter concerns over living costs and the war with Iran clouding his prospects.

Schools and Universities in France Blockaded Ahead of Student Protests

Schools and universities in several French cities were blockaded as student organisations called for demonstrations, with Paris police expecting up to 30,000 people to take to the streets. A dispute over the route of a planned Paris protest has also gone to an administrative court after police rejected the original route on security grounds.