Indonesian Political, Business & Finance News

Archive: 3 November 2026

Showing 601-650 of 1,557 articles

IEA: European Gas Reserves at Their Lowest Since 2013

The International Energy Agency says the EU entered the heating season with its lowest gas storage levels in more than a decade, increasing reliance on LNG imports and exposure to cold weather or supply disruptions. The agency warns that constrained global LNG supply and the need to refill European storage could prolong a tight global gas market through 2027 and push spot prices higher.

Netanyahu Open to Coalition Talks but Insists on Remaining Israel’s Prime Minister

Benjamin Netanyahu says he is open to talks on forming a broad government after Israel’s election produced no parliamentary majority, but insists he has the mandate to remain prime minister. Opposition parties are backing Gadi Eisenkot, whose potential support from Arab parties could give him a majority, though political disagreements may complicate coalition negotiations.

Finance Minister Suahasil Acknowledges Rising Economic Pressure as Liquidity Tightens

Finance Minister Suahasil Nazara said Indonesia’s economic resilience remained intact in the third quarter of 2026, but domestic pressure increased in October. He attributed the squeeze to escalating geopolitical conflicts and higher global energy prices, tighter monetary policy worldwide and liquidity constraints that have contributed to capital outflows from the stock market.

Indonesia’s Financial System Remains Stable in Q3, KSSK Flags Global Pressures

Indonesia’s Financial System Stability Committee (KSSK) said fiscal, monetary and financial-sector stability remained sound during the third quarter of 2026, supported by solid economic growth and resilient financial intermediation. It warned that pressures intensified in October amid geopolitical tensions, rising global energy prices, tight domestic liquidity and volatility in the stock market, putting pressure on the rupiah and prompting outflows from equities.

Waskita: Minangkabau Airport Revitalisation Progress Reaches 78.83%

Waskita Karya says work on the Rp553.28 billion revitalisation of Minangkabau International Airport in West Sumatra is 78.83% complete, with new facilities expected to be operational in the first quarter of 2027. The project includes terminal expansion and upgrades to passenger facilities, alongside design elements reflecting Minangkabau culture; the company says the airport will strengthen connectivity, tourism and regional economic activity.

Commissioner Ihsan Replaces Commissioner Ari Setyawan as Jogja Police Chief

National Police Chief Suyudi Ario Seto has rotated 264 senior and middle-ranking officers, including appointing Commissioner Ihsan as chief of the Jogja City Police. Ihsan, formerly head of public relations at the Yogyakarta Regional Police, replaces Commissioner Ari Setyawan Wibowo, who has been transferred to Banten; the police say the changes support career development and organisational effectiveness.

Telkom’s Strategy to Meet Rising Demand for AI

Telkom is expanding its network and data-centre infrastructure to support the growing requirements of artificial intelligence, including higher bandwidth and lower latency. The state-owned telecoms company says these upgrades are intended to enable AI workloads to run effectively on edge devices and improve connectivity within Indonesia and internationally.

'Fuel of the poor' LPG prices soar in Pakistan, forcing rickshaw drivers to cut meals

LPG prices in Pakistan rose 56 per cent to 7,000 rupees for a 12kg cylinder after border closures disrupted imports from Iran, sharply reducing rickshaw drivers’ earnings. The price shock is compounding inflation and household hardship, with some drivers cutting meals as they struggle to cover fuel, rent and family expenses.

Once Based on Intuition, Farmers and Fish Farmers Now Use IoT to Check Land Quality

Farmers and grouper fish farmers in Labuhan village, Lamongan, are using Internet of Things devices to monitor soil and pond conditions in real time. The government says the technology provides reliable data to complement farmers’ experience, with plans to add artificial intelligence features to improve monitoring and production efficiency.

KAI Explains Why Long-Distance Trains Share Names and Routes Despite Different Timetables

KAI says its 2026 train schedule will add 39 services and increase long-distance capacity by 7,000 seats a day. It has kept existing train names when adding services to simplify naming, though passengers have complained that identical names and routes with different departure times and fares are confusing.

Forland Targets Large Companies in the Palm Oil Sector

Forland, a commercial vehicle brand entering Indonesia, is initially targeting large palm oil plantation operators and government agencies as potential buyers of its electric commercial vehicles. The company says focusing on fleet customers will help it demonstrate vehicle performance and match its offering to operational needs while Indonesia’s electric commercial vehicle ecosystem is still developing.

Research and Policy Synergy to Accelerate West Java’s Economic Transformation

Bank Indonesia’s West Java office has convened researchers, government and other stakeholders through the West Java Economic Society (WJES) 2026 to develop practical policy recommendations for the province. The forum presented selected research on digital transformation, investment and poverty reduction, and stressed that investment-led growth must be matched by stronger local workforce skills to achieve inclusive and sustainable development.

Indonesia’s Oil and Gas Reserves Surge as SKK Migas Records Replacement Ratio of 221.4%

SKK Migas expects Indonesia’s reserve replacement ratio to reach 221.4 per cent by the end of 2026, indicating that additions to reserves are projected to substantially exceed production. Major gas discoveries, including Geliga-1, are strengthening the country’s exploration outlook, while contingent resources have reached 230 per cent of the annual target.

KPK Chief Says Nusron’s Questioning Is Expected Soon

KPK chief Setyo Budiyanto says the anti-graft agency expects to summon Agrarian Affairs Minister Nusron Wahid soon as a witness in an alleged bribery case involving land-use rights for Summarecon Agung and other receipts within the ministry. Nusron has missed two previous summonses; eight people have been named suspects in a case stemming from a sting operation in which investigators seized Rp106.3 billion.

Rental House in a Densely Populated Bogor Neighbourhood Catches Fire After Suspected Electrical Short Circuit

A rental house in Gudang, South Bogor, caught fire while its occupants were away; firefighters brought the blaze under control in about 30 minutes without it spreading to nearby buildings. The fire is suspected to have been caused by an electrical short circuit, although the occupant’s daughter said it began near the front of the house after a lit cooker was involved.

Students Receive Early Fire Safety Training

Volunteers from the Kendari Disaster Response Volunteer Forum (Kartana) and Dompet Dhuafa South-east Sulawesi taught students at SMPN 9 Kendari how to respond to small fires. The initiative aims to improve disaster preparedness and foster a spirit of volunteering among young people.

Chinese Scientists Discover an ‘Energy Chimney’ That Could Help Reveal Stealth Submarines

Chinese researchers have identified how ocean eddies and water density influence the movement of internal-wave energy from the surface to the deep Pacific. The findings could improve underwater acoustic modelling relevant to sonar and communications, but have not produced a new military detection system; any submarine-detection application remains untested and requires further development.

Scandal as Personal Data of President and 160 Officials Leaked

South Korean authorities are investigating the exposure of personal information belonging to President Lee Jae Myung and more than 160 officials, including passport numbers and dates of birth. The data remained accessible on the VirusTotal website for nearly five months, prompting passport renewals and a review of how the leak occurred.

Thousand Islands Anniversary: Regent Opens Football Pitch on Untung Jawa Island

Thousand Islands Regent Muhammad Fadjar Churniawan has inaugurated a newly built football pitch on Untung Jawa Island, putting it to the test during the 2026 Regent’s Cup tournament. The facility is intended to support community sport and youth athlete development, while the tournament brings together six teams representing local urban villages.

Is the Indonesian President a Victim of Phone-Tapping by Police Generals?

The article reports claims that President Prabowo may have been targeted by surveillance involving senior police officers, some of whom were reportedly detained on Monday night. The Coordinating Minister for Legal, Human Rights, Immigration and Correctional Affairs and the National Police Chief were due to address the issue at a press conference on Tuesday afternoon.

Investment in Plasma-Derived Medicines Strengthens Indonesia’s Healthcare Services

Takeda says it has invested US$30 million to bolster Indonesia’s plasma ecosystem by supplying essential plasma-derived medicines. The investment forms part of the pharmaceutical company’s support for the government’s healthcare transformation, including efforts to improve disease prevention, early detection and treatment.

ITB Patriot Expedition Team Revives Papua Reading Centre with More Than 4,000 Books

The ITB Patriot Expedition Team and the Ministry of Transmigration have reopened the Seribu Mimpi community reading centre in Jayapura Regency, Papua, with a collection of more than 4,000 books. The initiative, developed with local residents and literacy groups, aims to widen learning opportunities and sustain community-led education in the Lereh Transmigration Area.

North Sumatra Corrections Directorate Supports Legal Proceedings Against Prison Employee Alleged to Have Trafficked Drug-Containing Vapes

The North Sumatra regional office of the Directorate General of Corrections says it supports the police investigation into a Medan prison employee arrested over 599 drug-containing vape devices. The employee reportedly admitted to acting as a courier twice in return for Rp20 million, while the agency says it will await the legal process and uphold the presumption of innocence.

Pidie Jaya Fishers Receive 14 Boat Engines from Fisheries Ministry

The Fisheries and Marine Affairs Ministry has provided 14 replacement boat engines to Pidie Jaya fishers whose vessels were severely damaged in the 2025 hydrometeorological disaster. The support is intended to help small-scale fishers resume work and rebuild household incomes as part of the region’s post-disaster recovery.

Democrats Take Supreme Court Ruling on Gibran’s Diploma Equivalency Certificate “Very Seriously”

The Democratic Party has not yet decided its political response to the Supreme Court ruling that declared Vice-President Gibran Rakabuming’s high-school diploma equivalency certificate invalid. It says it is studying the full judgment, while urging the public to understand the administrative-court process that follows the ruling.

Jokowi to Testify in Roy Suryo Case on Thursday; Hearing Open to the Public

Former president Joko Widodo is due to testify on Thursday in the defamation case against Roy Suryo, and the East Jakarta District Court says the hearing will be open to the public, subject to its 80-person capacity. Police will provide layered security inside and around the courthouse, while prosecutors have also summoned Jokowi’s aide, Syarif Muhammad Fitriansyah.

AI Threats Are Everywhere, Microsoft Reveals Its Solution

Microsoft Indonesia’s Irving Hutagalung says companies should use AI to counter cybercriminals who are increasingly deploying the same technology in their attacks. He stressed that advanced tools must be matched with staff training, while AI-powered monitoring and alert triage can help security teams focus on the most serious threats.

Generali Indonesia Wins Award for Digital Innovations That Make Services Easier for Customers

Generali Indonesia received CNBC Indonesia’s 2026 Best Life Insurance in Services Performance and Financial Resilience award, recognising its customer service and financial resilience. The insurer offers digital policy, payment and claims services, alongside AI-enabled assistance and a nationwide network of in-person support.

Iran Says It Will Respond Firmly, ‘The Ball Is in America’s Court’

Iranian Parliament Speaker Mohammad Bagher Qalibaf said Tehran had delivered a firm response to the United States and that Washington must decide whether to prevent a return to war. He said Iran remained open to diplomacy but its armed forces were on high alert, while Tehran’s revised seven-stage proposal could reportedly be implemented within two days.

A Thousand Trees: An Oasis on Land Scarred by Forest Fires

Hundreds of young people in East Kalimantan have planted 1,000 native tree seedlings in Bukit Soeharto Grand Forest Park, an area within the Nusantara capital region scarred by forest and land fires. The initiative aims to restore the conservation forest with endemic species from Kalimantan’s tropical rainforests and offer hope for its recovery.

Bandung City Council Calls for Data Updates to Ensure Social Assistance Reaches Those in Need

A Bandung City Council member has called for regular updates to the National Unified Social and Economic Data system to prevent eligible residents from missing out on assistance and ineligible households from remaining on beneficiary lists. He also urged field verification, stronger coordination and accessible correction channels, alongside policies to tackle poverty through economic empowerment and better access to jobs.

Indonesia and Türkiye Explore Preferential Trade Agreement to Boost Bilateral Commerce

Indonesia and Türkiye are exploring a Preferential Trade Agreement to widen market access, with Indonesia seeking to raise bilateral trade to US$10 billion. Indonesia also offered to supply Turkish industries with raw materials and intermediate goods, while proposing a High Level Business Council to deepen business partnerships and investment cooperation.

NTT DATA expands AI data centre capacity with JKT2A in Jakarta

NTT DATA has opened the 12-megawatt JKT2A data centre in Jakarta to serve growing demand for cloud, AI and digital transformation across South-east Asia. The facility expands the company’s JKT2 ecosystem and connects with JKT3, offering resilient, low-latency infrastructure as data centre development grows in Indonesia and neighbouring markets.

Minister Urges RBI Programme to Strengthen Protection for Women and Children

Women’s Empowerment and Child Protection Minister Arifah Fauzi has called for stronger cross-sector collaboration through the Ruang Bersama Indonesia (RBI) programme to protect women and children. The initiative aims to build safer, more inclusive communities, with posyandu also supporting family awareness of child-rearing, children’s rights and women’s protection amid tens of thousands of reported violence cases in 2025.

Southwest Papua Governor: Every Village Must Have Access to Electricity

Southwest Papua Governor Elisa Kambu has called for every village in the province to receive electricity, urging local governments to identify underserved communities and household connection needs. PLN aims to electrify the 447 villages it has yet to serve by 2029, using conventional grid expansion alongside communal and individual solar power systems.

Indonesia holds helicopter drills aboard KRI Sriwijaya-100 carrier

The Indonesian Navy conducted helicopter take-off and landing drills aboard KRI Sriwijaya-100, involving three AS565 MBe Panther helicopters and two Bell 412 helicopters. The exercise also included a disaster-response simulation and was intended to improve pilots’ operational proficiency from an aircraft carrier.

UGM Expert Says Ice Chunk in Bantul Was Not Caused by a Cumulonimbus Cloud

A climatology expert at Gadjah Mada University says a 20-centimetre ice chunk that damaged a home in Bantul was unlikely to have formed in a cumulonimbus cloud. The possibility that it broke off an aircraft through icing would require further investigation, although a local resident said no aircraft was seen overhead at the time.

East Lombok Primary School Building on the Verge of Collapse, Putting Pupils’ Safety at Risk

A primary school in Pijot, East Lombok, has cracked walls, deteriorating pillars and damaged ceilings, with rainwater flooding classrooms and disrupting lessons. The school says it has received preliminary approval for a government revitalisation programme but is still waiting for work to begin; overcrowding has also forced pupils to study in a prayer room and library.

Pertamina Backs Fuel Purchase Limits in Bengkulu

Pertamina Patra Niaga has welcomed Bengkulu province’s new daily purchase limits for subsidised Pertalite and Biosolar, set out in a gubernatorial circular issued on 30 October 2026. The rules specify limits by vehicle type and designate six Bengkulu City filling stations for particular Biosolar users, alongside requirements on station operations and distribution monitoring.

Yusril Says Claims of Police Generals Arrested for Allegedly Tapping President Are Rumours, Urges Patience

Coordinating Minister Yusril Ihza Mahendra said reports that senior police officers had been arrested over alleged wiretapping of President Prabowo Subianto remained unverified social-media rumours. He said he had received no official confirmation and that his ministry had not been instructed to coordinate an investigation, urging the public to await an authorised government statement.

DPR–Attorney General’s Office Meeting Discusses Proposal for Asset Seizure Without Criminal Conviction

The Attorney General’s Office has urged lawmakers to scrutinise the proposed use of non-conviction-based asset confiscation, warning that it could severely restrict property rights and be abused without judicial safeguards. At a parliamentary hearing on the Asset Confiscation Bill, officials compared approaches in several countries and said Indonesia should choose a model suited to its legal system; the bill is also expected to cover fraudulent investments, illegal insurance and other schemes.

New Subsidised Homes Reach 54% of Target, with More Than 24,000 Ready-Stock Units

Indonesia has distributed 197,048 subsidised housing loans under the FLPP programme by 2 November, reaching 54.72% of its 2026 target of 360,000 homes. With just under two months remaining, the gap between the target and the available ready stock of 24,868 units highlights pressure on housing supply as well as financing delivery.

MPR Research Body Holds Focus Group Discussion on Pancasila Democracy in Deli Serdang

The MPR’s Research Body convened experts and legislators in Deli Serdang to discuss popular sovereignty and the state of Pancasila democracy. Speakers called for more transparent lawmaking, meaningful public participation and stronger accountability, warning that rushed legislation, money politics and costly elections can undermine public trust and the people’s mandate.

PLN and Australia Forge Strategic Partnership to Strengthen Power System and Support National Energy Transition

PLN and the Australian Government have signed an MoU to expand cooperation on energy transition, technology, financing and investment, and workforce development in support of Indonesia’s 2060 net-zero target. The partnership includes prospective financing for grid upgrades in East Java and Bali, work on battery storage and system flexibility, climate resilience planning, and a three-year human-capital roadmap for 2027–2030.

OJK Launches Three Islamic Banking Product Guidelines to Strengthen Real-Sector Financing

The Financial Services Authority (OJK) has issued guidelines for ijarah, ijarah muntahiyah bittamlik and wakalah sales of ready-stock assets, aimed at expanding Sharia-compliant financing for productive businesses and consumers. The launch forms part of the 2023–2027 roadmap and comes as Islamic banking assets reached Rp1,108.45 trillion in September 2026, while OJK also promotes stronger SME financing and Islamic investment products.

Bahlil Warns Mineral Value-Added Benefits Will Be Limited Without Downstream Processing and Industrialisation

Energy and Mineral Resources Minister Bahlil Lahadalia says domestic downstream processing and industrialisation are essential to maximise the economic value of Indonesia’s mineral wealth. At Minerba Convex 2026, state mining holding MIND ID also showcased how minerals are used in everyday products and urged the public to look beyond mining itself to their broader applications.

National Police Chief Meets KWI Chair, Pledges to Protect Catholics Across Indonesia

National Police Chief General Suyudi Ario Seto met Indonesian Bishops’ Conference (KWI) chairman Antonius Subianto Bunjamin in Jakarta, saying the visit was intended to promote peace and assure Catholics of their security. Both sides called for closer cooperation between the police, religious leaders and communities, linking a safe environment to national wellbeing and economic progress.

Thirty cooperatives adopt South Korean ‘smart factory’ technology

Thirty Indonesian cooperatives have adopted smart-factory technology under a development partnership between Indonesia and South Korea launched in 2023. The programme also established a training centre at Binus Bekasi and delivered workforce training; Indonesia’s Cooperatives Minister has called for the partnership to continue, including in smart farming and capacity-building.

Police Chief Visits KWI, Pledges to Guarantee Religious Freedom

National Police Chief Suyudi Ario Seto met Catholic leaders at the Indonesian Bishops’ Conference (KWI) in Jakarta to strengthen cooperation on public security and religious freedom. Both sides said they would work together to promote a peaceful society, with KWI urging the public to give the police the opportunity to help build a safe and stable country.

Puan calls for transformative leadership across state institutions

Speaking at the 2026 Habibie Democracy Forum in Jakarta, Puan called for transformative leadership across state institutions to strengthen governance and serve national interests. She said reforms require collective commitment, changes in mindsets and working practices, and action from all parts of society in line with their roles and responsibilities.