Indonesian Political, Business & Finance News

Archive: 3 November 2026

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Electricity Prices in Indonesia Remain Competitive for Data Centre Development

Digital Edge Indonesia chief executive Stephanus Oscar says Indonesia remains an attractive destination for data centre investment because electricity prices are competitive, even after tariff adjustments. He urged the government and PLN to communicate future price changes clearly, as power demand from AI data centres is expected to rise sharply and requires substantial new generation capacity.

Tackling Stunting Requires Action from Root Causes to Outcomes

Village and Disadvantaged Regions Minister Yandri Susanto says stunting reduction must address poverty, economic opportunities, education and healthcare alongside nutrition. The government is targeting a decline in national stunting prevalence from 17.5% in 2026 to 14.2% in 2029, and 5% by 2045, through cross-sector collaboration.

Belawan Immigration Office Wins Two Awards at 2026 Pimpasa Technical Training

Belawan Class II TPI Immigration Office received recognition as the second most active immigration office in the Immigration-Assisted Village programme, while one of its officers was named the fourth most active Pimpasa officer. The office says it will build on the awards by expanding community education, legal awareness and collaboration to prevent immigration violations and human trafficking.

KKP maps vocational workforce needs for priority fisheries programmes

The Ministry of Marine Affairs and Fisheries (KKP) has identified vocational qualifications and civil-service roles needed to support the development of Red and White Fishing Villages and the modernisation of fishing vessels. The ministry says the positions will be recruited through the civil servant (CPNS) selection process, as skilled personnel are essential to the national programmes, which include a target of 5,000 villages and plans to distribute 4,582 fishing vessels by 2029.

Language Centre and NTT Cultural Heritage Office Join Forces to Protect Regional Heritage

The East Nusa Tenggara Language Centre and Cultural Heritage Office are working together to document and protect local languages, literature, oral traditions and manuscripts, many of which remain poorly catalogued or conserved. The partnership will combine the agencies’ expertise and resources, with the broader aim of advancing cultural preservation and supporting community welfare through culture-based economic development.

Deputy Trade Minister Urges OIC Countries to Strengthen Digital Economy Cooperation

Deputy Trade Minister Dyah Roro Esti Widya Putri has called on member states of the Organisation of Islamic Cooperation (OIC) to deepen digital economy cooperation through AI, youth entrepreneurship and wider market access. She highlighted Indonesian initiatives to connect local businesses with global markets and said greater digital literacy, skills development and support for start-ups are vital to inclusive growth.

Government urges transport operators to prepare for year-end holidays

Transportation Minister Dudy Purwagandhi has urged operators to prepare detailed operational plans for the Christmas and New Year travel period, covering safety inspections, staffing, passenger surges and emergency responses. The ministry will conduct inspections and expects operators to adapt to changing conditions, using lessons from last year to improve services and coordination.

EssilorLuxottica and Meta Bring AI Glasses to the Indonesian Market

EssilorLuxottica and Meta will officially launch the Ray-Ban Meta and Oakley Meta AI glasses in Indonesia on 11 November 2026. The range offers hands-free features including photography, calls and translation, with prices starting at Rp8.999 million.

Tugure Wins Best Reinsurance Financial Resilience and Sustainable Growth Award

PT Tugu Reasuransi (Tugure) received CNBC Indonesia’s 2026 award for Best Reinsurance Financial Resilience and Sustainable Growth. The reinsurer says it will pursue selective, sustainable growth, strengthen risk management and underwriting, and build its equity from Rp1.5 trillion towards Rp2 trillion by 2028.

Baznas RI distributes living assistance to underprivileged residents in Brebes

Baznas RI has provided cash living assistance and family logistics packages to 20 vulnerable or extremely poor households in Brebes, Central Java. The initiative forms part of the agency’s effort to direct zakat, infak and sedekah funds to people in need, including families with members with disabilities and older people.

Elon Musk Finally Admits Grok Is Losing Money, With No Return

Elon Musk says the cost of running Grok is financially unsustainable relative to its revenue, prompting X to impose tighter usage limits. Users have complained that their quotas are being exhausted unexpectedly, while the episode highlights broader concerns about the profitability of AI services amid rising computing costs.

Gibran’s Volunteers on Education Certificate Appeal: ‘The Vice-President Is Not Easily Startled’

Gibran Rakabuming Raka’s volunteer group says the Vice-President remains unfazed by the Supreme Court’s decision to annul an education-equivalency certificate issued for his 2024 vice-presidential candidacy. The group argues the ruling applies prospectively and does not affect his legitimacy, while respecting the court decisions and the political process now under discussion in parliament.

Mount Semeru Erupts, Sending Pyroclastic Flow Down Its Slopes

Mount Semeru erupted on Tuesday afternoon, accompanied by a pyroclastic flow whose run-out distance could not be observed because of fog. Authorities said the volcano remains at Alert Level III and warned people to stay away from designated danger zones and river valleys at risk from pyroclastic flows, lava avalanches and lahars.

Rupiah Strengthens, US Dollar Closes at Rp18,135

The rupiah edged 0.03% higher to Rp18,135 per US dollar, recovering after briefly weakening during Tuesday’s session. Markets are watching the US midterm elections and expectations of tighter Bank Indonesia policy, while Indonesia’s manufacturing PMI rose to 54.0 in October.

Ex-Israeli Military Spokesperson’s Unit Member Says Information Was Manipulated to Justify Gaza Genocide

Ayelet Kroizer, a former member of the Israeli military spokesperson’s unit, says she helped shape and alter information released to the press during the war in Gaza and the occupied West Bank. She alleges that innocent Palestinians were routinely labelled “terrorists” to build domestic support and secure international legitimacy for the war, and has been appointed spokesperson for the Israeli veterans’ group Breaking the Silence.

Analyst: JCI Correction Driven by Asset Rebalancing and Investors’ Risk-Off Stance

The Jakarta Composite Index (JCI) has fallen amid portfolio rebalancing, profit-taking and continued investor risk aversion, with volatility likely to remain elevated through the end of 2026. Mirae Asset Sekuritas analyst Nafan Aji Gusta says a sustained recovery will depend on stronger investor confidence, rupiah stability and consistent capital-market reforms, while advising investors to favour gradual purchases of fundamentally sound, liquid shares.

Religious Affairs Ministry to Provide PPG Places for More Than 40,000 Teachers in 2026

The Religious Affairs Ministry is preparing more than 40,000 places in the 2026 Teacher Professional Education (PPG) programme, while continuing employment protection through BPJS Ketenagakerjaan for hundreds of thousands of teachers. It is also developing a welfare scheme for non-civil servant teachers, with details being worked out in line with presidential guidance.

Central Java Governor Deploys Team to Support Sukoharjo Islamic Boarding School Students

Central Java Governor Ahmad Luthfi has directed the provincial women’s and children’s protection agency to support students at a Sukoharjo Islamic boarding school, ensuring their education and protection are not disrupted. The move follows a police search that prompted allegations of intimidation; several officers, including the Sukoharjo police chief, have been temporarily suspended pending an internal inquiry.

NTB Governor Objects to Host Province Being Charged Rp1 Trillion for 2028 National Games

West Nusa Tenggara Governor Lalu Muhamad Iqbal says requiring host provinces to fund the 2028 National Sports Week (PON) with around Rp1 trillion each would place an unrealistic strain on regional finances. He plans to discuss the event’s budget and cost-sharing arrangements with the central government, while KONI has estimated the funding would come entirely from provincial budgets.

China’s Premier: AI Must Remain a Tool for People, Not a Replacement

Chinese Premier Li Qiang said artificial intelligence and the internet should extend human capabilities and help people, rather than replace them. Speaking at the 2026 World Internet Conference Wuzhen Summit, he warned that fears of machines controlling people underscore the need to keep humans as the principal actors.

Metro Jaya Police Chief stresses humane approach to Kampung Bahari redevelopment

Metro Jaya Police Chief Dadang Hartanto says the redevelopment of Kampung Bahari must address residents’ social and economic needs alongside efforts to improve the area after a crackdown on drug trafficking. Authorities are coordinating a phased clean-up, assessing residents’ circumstances and considering housing support and measures to strengthen local livelihoods.

Indonesia’s 10 Richest People as of November 2026

Robert Budi Hartono has reclaimed the top spot on Forbes’ real-time list of Indonesia’s wealthiest people, with an estimated fortune of US$12.2 billion, ahead of Prajogo Pangestu and Low Tuck Kwong. The combined estimated wealth of the top 10 is US$77.1 billion, with digital infrastructure entrepreneur Otto Toto Sugiri among those reflecting the diversification of wealth beyond traditional industries.

Iran Says Strait of Hormuz Could Reopen Within Two Days if US Meets Its Demands

Iran says it could restore security in the Strait of Hormuz and resume diplomatic negotiations within two days if the United States meets Tehran’s demands and ends its maritime blockade. The offer shortens a seven-day proposal put forward in September, as both sides continue exchanging warnings amid the risk of renewed military escalation.

KPK Chief Confirms Two Officials Reassigned by Attorney General’s Office

KPK chairman Setyo Budiyanto confirmed that two prosecutors serving at the anti-corruption agency have been reassigned to the Attorney General’s Office, effective 1 November. The KPK has completed the necessary administrative arrangements and will use its talent-management system to identify replacements, initially appointing acting officials.

Palestinians Return to Hebron After Israeli Troop Withdrawal

Dozens of Palestinian families have returned to their homes in Hebron after Israel ended an 11-day military operation, with municipal crews beginning to clear debris and assess damage. The operation displaced about 537 families and caused substantial economic and infrastructure losses, while disrupting schooling for approximately 262,000 pupils.

Women’s Ministry Praises Gianyar’s Gender Mainstreaming Efforts

Indonesia’s Ministry of Women’s Empowerment and Child Protection has reviewed Gianyar’s implementation of gender mainstreaming for 2025, recognising the regency’s commitment to providing data and seeking improvements. The review forms part of the assessment process for the 2026 Parahita Ekapraya Award and supports gender-responsive development aligned with national priorities for 2025–2029.

Following Constitutional Court Ruling, DPR Legislative Body Begins Drafting Bill on Lawmaking

The DPR’s Legislative Body has begun drafting a dedicated bill governing how laws are made, following a Constitutional Court ruling interpreting the Constitution as requiring such legislation. The proposed framework is expected to include fast-track procedures while preserving formal and substantive requirements, including meaningful public participation and academic studies.

Two Elected BPK Members Take Oath for 2026–2031 Term

Nyoman Adhi Suryadnyana and Khaidir Abdurrahman have taken their oaths as members of Indonesia’s Audit Board (BPK) for the 2026–2031 term. Their appointments were formalised by presidential decree following parliamentary selection, with Suryadnyana beginning a second term and Abdurrahman bringing experience as a former parliamentarian and Asabri executive.

Video: Expert Advice on Sustaining Insurance Performance Amid Uncertainty

At the CNBC Indonesia Awards 2026: Best Insurance, insurance expert Ariastiadi Saleh Herutjakra outlined the challenges facing the industry as it prepares for 2027. He said strong economic fundamentals could support premium growth, while insurers should plan for multiple growth scenarios, tighten underwriting and governance, diversify into microinsurance and implement digitalisation responsibly.

Bappenas Chief: Planning Quality Determines the Country’s Development Direction

National Development Planning Minister and Bappenas chief Rachmat Pambudy says rigorous, evidence-based planning is essential to setting Indonesia’s development course, particularly amid increasingly complex and unpredictable challenges. He and Deputy Minister Febrian Alphyanto Ruddyard urged planners to uphold integrity, explain their analytical assumptions and data, and confidently defend recommendations.

Kutus Kutus safeguards product quality through herbal ingredient selection

Kutus Kutus says it carefully inspects herbal ingredients and maintains consistent production methods to preserve the quality of its products. CEO Arniel Sugiharto says the company also relies on long-term supplier relationships and retains manual steps in production as it seeks to build consumer trust and support the sustainable growth of Indonesia’s herbal industry.

Jakarta’s New Approach to Flooding: Green Spaces Turned into Rainwater-Absorption Gardens

Jakarta is revitalising Taman Dharmawangsa with bioswales and rain gardens to absorb and manage stormwater and reduce flooding during heavy rain. The Rp1.79 billion project is due to be completed in early December 2026 and forms part of the city’s wider plan to build 10 new green open spaces and revitalise 49 by the end of the year.

BNPT and KPAI Step Up Child Protection from Extremism in the Digital Sphere

Indonesia’s National Counterterrorism Agency (BNPT) and the Indonesian Child Protection Commission (KPAI) are strengthening cooperation to prevent children’s exposure to violent extremism online, as recruitment and propaganda increasingly move to digital platforms. Their collaboration will support the 2026–2029 phase of the National Action Plan for Preventing and Countering Violent Extremism, with an emphasis on digital literacy, family resilience and child protection.

P2MI Minister and Quarantine Agency Chief Sign MoU: What It Covers

The Ministry for the Protection of Indonesian Migrant Workers and the Indonesian Quarantine Agency have signed an MoU to strengthen support for migrant workers. The agreement covers quarantine education, export-business mentoring for returning workers, and access to the agency’s airport and port facilities so ministry staff can assist workers, including those deported or facing difficulties on arrival.

Government Plans to Revise Natural Resource Export Proceeds Policy

The government plans to revise its rules on foreign exchange earnings from natural resource exports (DHE SDA), although the changes have yet to be decided and will be discussed with exporters. Trade Minister Budi Santoso said the proposed revision is unrelated to the operations of PT Danantara Sumberdaya Indonesia; current requirements oblige exporters to retain specified portions of export proceeds in state-owned banks.

FEB Unair Dean Forecasts Indonesia’s Economy to Grow 5.3% in Q3 2026

Universitas Airlangga economics and business faculty dean Rudi Purwono forecasts Indonesia’s economy grew 5.3% year on year in the third quarter of 2026. He cites stronger investment financing, manufacturing activity and digital transactions, noting that investment loans rose faster than working-capital and consumer loans in August.

Medical AI Competition in China Highlights Potential for ASEAN Healthcare Cooperation

A medical imaging AI competition in Guangxi brought together 1,332 registered teams, including ASEAN participants, to test tools for detecting conditions such as lung and breast cancer while assessing performance across varied imaging systems. Guangxi plans cross-border clinical validation and demonstration projects with ASEAN partners, but adapting AI for safe use will require further testing, attention to data privacy and regulatory differences, and cooperation between clinicians and technology developers.

Government Promotes Integrated Training-to-Placement Pathway for Poor Communities in Batang

The government is promoting a model that links vocational training directly to job placement for 100 disadvantaged residents of Batang, with garment-sewing training running from 2 to 7 November 2026. Officials say success should be measured by how many participants secure and retain jobs, addressing a skills gap despite the nearby Batang Special Economic Zone’s substantial employment ambitions.

Former South Sulawesi Acting Governor Named Suspect Again in Pineapple Case After New Evidence Emerges

South Sulawesi prosecutors have again named former acting governor Bahtiar Baharuddin a suspect in an alleged corruption case involving the 2024 procurement of pineapple seedlings, citing newly obtained audit findings and other evidence. The move follows an earlier pre-trial ruling that found the initial designation premature, and prosecutors are now asking a Makassar court to reject Bahtiar’s latest challenge.

North Jakarta Mayor: Kampung Bahari Revamp Requires Cross-Sector Cooperation

North Jakarta Mayor Hendra Hidayat says efforts to improve Kampung Bahari must coordinate security, environmental and social measures, and be carried out humanely. Following a police anti-narcotics operation, authorities are also focusing on residents who remain in the area, with the aim of preventing drug trafficking from returning and improving living conditions.

Millions of Malaysian-Made Condoms Withdrawn from Market over Safety Concerns

France has ordered the withdrawal of about seven million ultra-thin condoms made by Malaysia’s Richter Rubber Technology after tests found inconsistent latex thickness and failures in pressure and leak-resistance standards. The move follows reports of condoms breaking in use, and French authorities have advised affected consumers to seek STI screening or pregnancy testing where appropriate.

Red Bird’s Eye Chilli Prices Hit Rp124,000 per Kg as Trade Minister Explains Causes

A prolonged dry spell has cut chilli production, pushing average red bird’s eye chilli prices to Rp124,400 per kilogram in early November—more than twice the government reference price. The government is moving supplies from surplus areas, including a seven-tonne shipment from East Java to Halmahera, while also planning deliveries of eggs to regions facing distribution problems.

Traffic Police Bring SIM Services to Daar El-Qolam Islamic Boarding School for Students

Indonesia’s National Traffic Corps (Korlantas Polri) provided on-site driving licence services to 405 students aged 17 and over at Daar El-Qolam Islamic Boarding School in Tangerang. The initiative combined licence applications and tests with road-safety education, as police said they aim to make public services more accessible and promote traffic discipline.

Baskets and Furniture among Indonesian Handicrafts in Demand in Canada

Indonesia’s Trade Ministry is seeking to boost exports of handicrafts such as baskets, furniture and natural-fibre products to Canada, where they already have a foothold. Bilateral trade rose 15.5% year on year to US$3.51 billion in January–August 2026, while the Indonesia–Canada CEPA entered into force on 1 December 2026, creating a framework for further trade growth.

Sabu Raijua Councillor Goes on Rampage and Threatens Residents with Machete

A video circulating on social media appears to show Weldi Dogenes Ga Loni, a Sabu Raijua regional councillor, wielding a machete during a disturbance in his village. Police confirmed the incident and are investigating, while noting that Weldi has filed a defamation complaint and denies the claim that it began after he lost a cockfighting bet; no alleged victim has yet reported a threat to police.

US Military Secretly Launches Strike on Southern Iran

The Wall Street Journal, citing unnamed US officials, reported that American forces had secretly struck Iran’s Qeshm Island, where Iranian television had earlier reported explosions. The reported attack comes amid continuing US-Iran hostilities and uncertainty over whether President Donald Trump will authorise further military action.

Mataram 13-Year-Old Says She Worked as a Karaoke Host Without Her Parents Knowing

A 13-year-old schoolgirl in Mataram says she has spent the past year working as a karaoke companion, using her earnings to buy an iPhone and pay for personal-care expenses without her parents’ knowledge. The Mataram Child Protection Agency says it has identified places where schoolchildren gather and raised concerns about minors working in nightlife venues and becoming involved in online prostitution, while noting enforcement difficulties.

KPK Chief on Active TNI Personnel in BNPB Case: Decision Rests with Commander

KPK Chairman Setyo Budiyanto says the handling of active military personnel allegedly involved in the BNPB disaster-response fund corruption case is for the TNI Commander to decide; the commission has not received a reply to its letter and says none is required. KPK has named five suspects and is continuing in-depth evidence checks, while examining procurement worth Rp148 billion over three years and the alleged links of vendors to one suspect.

BNPB Reveals Main Cause of Forest and Land Fire in Klaten

BNPB said an uncontrolled rubbish-burning incident sparked a fire at Bukit Embung Purbasari in Klaten, Central Java, burning about 1.6 hectares of Perhutani land. The blaze was extinguished on the same day by a joint response team, and no casualties were reported.

Bangladesh garment workers stage fourth day of wage protests

Garment workers in Bangladesh continued protests for a fourth day, demanding a minimum monthly wage of 30,000 taka as police used tear gas and sound grenades to disperse demonstrators. The unrest has disrupted factories and transport in key industrial areas, posing risks to export shipments and the country’s role as a global apparel supplier despite the government’s formation of a wage board.