Indonesian Political, Business & Finance News

Archive: 3 November 2026

Showing 1,101-1,150 of 1,557 articles

BI: Trade Sector to Support Bali’s Fourth-Quarter 2026 Performance

Bank Indonesia expects wholesale and retail trade to support Bali’s business performance in the fourth quarter of 2026, as year-end holidays lift domestic demand and goods distribution. The tourism-led pickup is forecast to generate wider gains across accommodation, food and drink, and transport, while BI points to financing opportunities for MSMEs and outlines national liquidity incentives for banks.

MyPertamina Fair officially launches, running until 31 December 2026

Pertamina Patra Niaga’s MyPertamina Fair 2026 runs from 2 November to 31 December, offering consumers rewards and other ways to use their app points. Points earned during 2026 will reset to zero on 1 January 2027, prompting the company to encourage users to redeem them during the event.

PTPP Wins New EPC Contract for Pupuk Kaltim Project

PT PP (Persero) has secured a Rp400 billion engineering, procurement and construction contract from Pupuk Kalimantan Timur to build the multi-purpose Pier 11 in Bontang. The 570-day project includes conveyor systems and mobile ship-loader equipment, and is intended to improve bulk-material handling while supporting Indonesia’s soda ash needs and industrial ecosystem.

Danantara’s Investment Arm Swings to Profit on Foreign Exchange Gains

PT Danantara Investment Management reported a net profit of US$40.61 million for the four months to April 2026, reversing a loss a year earlier, with foreign-exchange gains and other non-operating income driving the turnaround. Its assets rose to Rp140.03 trillion amid substantial investment-related cash outflows, while Moody’s assigned the state-backed investment vehicle a Baa2 rating with a negative outlook.

Apple Still Unable to Confirm When iPhone Duo Supply Will Stabilise

Apple says production of its first foldable phone remains limited and it cannot predict when supply will meet demand, despite strong initial sales and lengthy delivery delays. Rising memory-chip costs linked to AI demand are also putting pressure on hardware makers, while Apple says it has expanded its partnership with titanium supplier Perryman to support production.

Largest Theft in History: FBI Reveals North Korean Links

The FBI says North Korean hacking group TraderTraitor is suspected of stealing US$6.3 billion in crypto-assets from Binance, in what it describes as the largest cryptocurrency theft on record. It has urged crypto exchanges and blockchain firms to block transactions linked to identified wallets, while Binance says its reserves can cover up to 90% of the loss and promises to reimburse affected users in full.

Train Operations in Jember Rail Operations Area Return to Normal after Landslides and Track Subsidence

Train services in PT Kereta Api Indonesia’s Jember Operations Area have returned to normal after a landslide in Banyuwangi and soil subsidence in Jember disrupted several routes. Repairs have restored normal-speed operations, while KAI continues monitoring and strengthening the affected infrastructure to safeguard passenger services.

Asset Forfeiture Bill: Deputy Attorney General Warns NCB Approach Needs Careful Consideration

Narendra Jatna, Deputy Attorney General for Civil and Administrative Affairs, told a House of Representatives hearing that non-conviction-based (NCB) asset forfeiture has been abandoned or reshaped in several countries after concerns about abuse. He argued that Indonesia’s proposed asset-forfeiture framework should account for safeguards, including judicial oversight and links to criminal proceedings.

Gibran’s High School Certificate Declared Invalid by Supreme Court; Denny Indrayana Calls for Impeachment

Former Deputy Minister of Law and Human Rights Denny Indrayana says a Supreme Court ruling invalidating Gibran Rakabuming Raka’s high-school equivalency certificate means the Vice-President no longer meets the education requirement for office. He argues that, because Gibran has already been inaugurated, the matter should proceed through impeachment rather than electoral disqualification.

Home Affairs Ministry Calls for Stronger Coordination Between Dekranas, Family Welfare and Posyandu

The Home Affairs Ministry has urged Dekranas, the Family Welfare Movement (TP PKK) and Posyandu supervisory teams to improve governance and coordinate their programmes, backed by local planning and budgets. The initiative aims to address issues including stunting, poverty and limited access to basic services, while supporting craft businesses; a recent meeting brought together 974 participants from 14 provinces and 178 regencies and cities.

Gerindra to Discuss Faction’s Position on Gibran Diploma Controversy After Parliamentary Recess

Gerindra deputy chairman Habiburokhman said the party’s parliamentary faction will formulate its position on the Supreme Court ruling concerning Vice-President Gibran Rakabuming Raka’s high-school equivalency certificate when the House of Representatives resumes on 10 November. The Supreme Court overturned lower-court decisions and ruled the certificate invalid, granting a lawsuit brought by Subhan against the Ministry of Primary and Secondary Education.

Less Than Two Months Left in 2026, and FLPP Subsidised Home Disbursements Stand Here

Indonesia’s FLPP subsidised mortgage scheme had financed 197,048 homes by 2 November 2026, around 55% of its 360,000-unit annual target. BP Tapera plans mass mortgage signings for 101,000 homes in December to accelerate delivery and widen access for low-income households.

North Korea’s latest provocations look familiar, but the dynamics have changed, analysts say

North Korea’s recent weapons tests and border tensions come amid a fundamental shift in its relationship with South Korea, which Pyongyang now treats as a separate, hostile state, analysts say. With inter-Korean military communications largely inactive and North Korea more confident in its deterrent and partnerships with China and Russia, experts warn that miscalculation could trigger escalation even though neither side appears to seek a wider conflict.

The Story of Mahmudin and Malahayati: When a Husband Supports a Woman’s Struggle

The film Pasukan 1000 Janda portrays Mahmudin as a husband who is proud of his wife, Admiral Malahayati, and supports her without feeling threatened by her courage or ability. Actor Emil Kusumo says the character challenges patriarchal assumptions about relationships and highlights how loss can galvanise Malahayati’s determination to continue fighting.

Pertamina NRE and SGN-Agrinas Strengthen Bioenergy Development

Pertamina New & Renewable Energy has signed agreements with Agrinas Palma Nusantara and Sinergi Gula Nusantara to explore bioenergy projects, including FAME production facilities and second-generation bioethanol made from plantation and sugar-processing by-products. The partnerships will undergo technical, commercial, financial and legal assessments, supporting Indonesia’s renewable energy development and energy security.

UNESCO: Six in Seven Journalist Murders Worldwide Remain Unsolved

UNESCO says 86 per cent of journalist killings over the past two decades remain unresolved, with 1,641 journalists killed and only 14 per cent of cases solved. Although impunity has fallen from its 2012 peak, the report also highlights disappearances, kidnappings and the detention and imprisonment of journalists.

Jakarta Taps East Ventures to Boost Investment and Start-up Growth

Jakarta attracted Rp 249.3 trillion in investment in the first nine months of 2026, the most of any Indonesian province, and is seeking to draw more private capital through partnerships with investors such as East Ventures. Governor Pramono Anung highlighted licensing improvements and investment opportunities across infrastructure, digital services and other sectors, while stressing the importance of jobs, technology transfer and support for MSMEs.

Assessing the Contribution of Digital Tax Revenue

Indonesia is preparing to expand digital tax collection from 9 November 2026, building on existing taxes covering e-commerce, crypto assets and fintech. The article argues that the initiative should be seen as an effort to broaden and strengthen collection and oversight—not as the introduction of digital taxation from scratch—and says higher tax revenues need not come from raising rates on compliant taxpayers.

Gerindra to Decide Its Position on Gibran Diploma Controversy After Recess

Gerindra will discuss the controversy over Vice-President Gibran Rakabuming Raka’s high-school diploma equivalency certificate when Parliament resumes on 10 November 2026. The party has called on the relevant ministry and the General Elections Commission to explain the follow-up to a Supreme Court ruling, while other parties are also weighing the ruling’s implications for Gibran’s eligibility.

Who Was Nathalia Filgueiras, the 20-Year-Old Co-Pilot of the Jet That Crashed in Florida?

Nathalia Gadelha Filgueiras, a 20-year-old Brazilian commercial pilot, was identified as the co-pilot of a Learjet that crashed in Palm Beach County after departing Texas for the Bahamas. She earned her pilot’s licence at 17 through a school aviation academy and had been working as a commercial pilot for nine months.

Indonesian Navy Holds Helicopter Operations Exercise Aboard Aircraft Carrier

The Indonesian Navy conducted helicopter take-off and landing drills aboard KRI Siriwjaya-100, described in the report as Indonesia’s first aircraft carrier. The exercise involved five helicopters and also simulated disaster response, with the Navy saying it would strengthen pilots’ ability to operate from the vessel.

JCI Falls More Than 2% as Asian Stock Markets Show Mixed Performance

Indonesia’s Jakarta Composite Index (JCI) fell 2.62% by the close of the first trading session, reversing an early gain and dropping below the psychologically important 5,000 mark. Asian markets were mixed, with South Korea’s Kospi recording the steepest decline while Hong Kong and Australia posted gains.

Coordinating Minister: Peace in Aceh Is a Valuable Asset That Must Be Preserved

Coordinating Minister for Political and Security Affairs Dudung Abdurachman says the government is committed to resolving three longstanding issues in Aceh: the future of special autonomy funding, the legal status and management of Blang Padang Field, and the regulation of Aceh’s regional flag. Cross-ministerial discussions aim to provide legal certainty, strengthen accountability and public trust, and protect the peace established after the Helsinki agreement.

DPR Seeks to Ensure Seized Criminal Assets Are Returned to Victims

Indonesia’s House of Representatives is considering provisions in the Asset Forfeiture Bill to ensure victims of economic crimes, including investment scams and financial fraud, can recover their losses from perpetrators’ assets. Lawmakers say the bill should set out clear procedures and deadlines for identifying victims, linking assets to offences and distributing recovered funds, with verified victims’ claims taking priority over transfers to the state treasury.

Transport Minister to Set Up Joint Command Post to Monitor Christmas and New Year Travel

Transport Minister Dudy Purwagandhi is preparing a joint command post to coordinate and monitor transport operations during the 2026/2027 Christmas and New Year holiday period. Planned to operate from 18 December 2026 to 6 January 2027, the post will support early detection of disruptions, faster responses and daily evaluations across transport stakeholders.

MAKI Alleges Nusron Wahid Plans Japan Trip to Avoid KPK Summons

MAKI coordinator Boyamin Saiman alleges that Agrarian Affairs Minister Nusron Wahid is preparing an official trip to Japan that could be used to avoid further questioning by the Corruption Eradication Commission (KPK). Nusron has missed two previous summonses as a witness in a bribery investigation involving building-use rights, while the KPK has seized Rp106.3 billion and named eight suspects.

Police Hunt Man Who Asked East Jakarta Domestic Worker to Abuse Employer’s Child on Video Call

Police are investigating a man who allegedly contacted a domestic worker and offered her money to sexually abuse her five-year-old employer’s son during a video call in Matraman, East Jakarta. The worker has been arrested and named a suspect, while investigators continue to pursue the man who allegedly solicited and facilitated the abuse.

Six Banks and LinkAja to Collect Digital Tax: How the Scheme Works

Indonesia has begun using a new system to collect VAT on qualifying purchases of digital goods and services from overseas, drawing on payment-system information. Six state-linked banks and fintech firm LinkAja have been appointed as initial collectors; the system is intended to complement the existing PMSE regime without imposing a new tax or duplicate VAT.

DBS Indonesia Chief Says AI Development Could Attract Major Investment

DBS Indonesia president director Lim Chu Chong says Indonesia’s expanding digital economy and large domestic market create opportunities beyond AI adoption, including data centres and supporting infrastructure. He says attracting long-term investment will depend on reliable energy and water, strong connectivity, skilled talent, commercially viable projects and consistent regulation; DBS says its lending to the sector has grown steadily over the past two years.

Bahlil to Control Coal Production Through Work Plans to Support Prices

Indonesia is curbing coal output through its annual work-plan and budget approvals after supplying 43 per cent of globally traded coal in 2025 while prices fell to a low. Bahlil Lahadalia said balancing supply and demand has helped lift prices and could raise state non-tax revenue to as much as Rp165 trillion by the end of 2026.

Four Prajogo Pangestu-Linked Companies Buy Back Shares, Spending Rp830 Billion

Four listed companies affiliated with conglomerate Prajogo Pangestu have bought back shares worth Rp830.7 billion by early November 2026, against a combined maximum allocation of Rp4.5 trillion. Their buyback programmes run on different timelines, with Chandra Asri Pacific’s programme continuing until January 2027 and the other three scheduled to end in December 2026.

Indonesia’s Coal Production Cuts Pay Off as Prices Rise

Energy Minister Bahlil Lahadalia says cuts to coal production quotas under the 2026 RKAB plan have helped lift international prices by balancing supply and demand. Although production has fallen, the government says non-tax revenue has risen; November’s benchmark coal prices also increased across all listed grades.

Private Jet Plunges to the Ground in Florida as Bad Weather Becomes Focus of Investigation

US investigators are examining whether severe weather contributed to the crash of a Learjet 60 in Palm Beach County, Florida, which killed at least nine people. Cockpit audio reportedly captured warnings about turbulence, icing and a rapid descent, but investigators have not established who was flying the aircraft or whether a cockpit recorder was on board.

Yemeni Army Claims 951 Operations Against Houthis in 24 Hours

Yemen’s army says it carried out 951 operations against Houthi positions and fighters in a 24-hour period, claiming to have incapacitated about 332 commanders and members and damaged or destroyed 56 vehicles and weapons systems. The latest escalation comes amid renewed fighting that the UN says has killed and injured thousands and displaced more than 250,000 people since July, worsening the country’s humanitarian crisis.

PPP, Elang and Perindo Ask Constitutional Court to Scrap Factual Verification for Parties That Have Contested Elections

PPP, Partai Elang and Perindo have challenged the Election Law at the Constitutional Court, arguing that parties which have contested the two most recent elections consecutively should not have to undergo factual verification again. They say the current rule is discriminatory and seek a ruling that would exempt them from re-verification ahead of the 2029 election.

After 15 Years, Pekanbaru Residents Welcome Kebun Road Construction

Residents of Tuah Madani have welcomed the long-awaited asphalting of Kebun Road, also known as Sepakat Road, after years of petitions and only basic road improvements. The project is being carried out by the central government under the Regional Road Presidential Instruction programme, which is part of President Prabowo Subianto’s programme.

Wife Describes Dwi Bagus’s Behaviour on the Day He Killed Dini and Her Child

Martha Amalia Iflahah says she learnt of her husband Dwi Bagus Martono’s alleged murder of Dini Hardiyanti and her four-year-old child only after he was arrested. She says he behaved normally beforehand and denies any involvement, describing herself as shocked and devastated by both the crime and the accusations against her.

Asset Forfeiture Bill: Deputy Attorney General Cites Abusive History of NCB in Other Countries

Deputy Attorney General for Civil and Administrative Affairs Narendra Jatna warned lawmakers that non-conviction-based (NCB) asset forfeiture has been abused in several countries, prompting changes or abandonment of the approach. He urged Indonesia to weigh international examples carefully as it considers its Asset Forfeiture Bill.

Iran-US War May Soon End, Sending Oil Prices Lower

Oil prices fell sharply after reports of progress in US-Iran peace talks raised hopes that an eight-month conflict disrupting global supplies could soon end. The news also lifted US and European equities, although analysts warned that prices could rebound if Donald Trump resumes attacks on Iran after the US midterm elections.

Gibran Supporters Reveal His Response to Supreme Court Ruling on Education Certificate, Reject ‘Abracadabra’ Claims

Gibran Rakabuming Raka’s volunteer group says the Vice-President was calm about the Supreme Court’s decision to revoke an education-equivalency certificate. Its chairman argues that the ruling applies only prospectively and does not affect Gibran’s eligibility in the 2024 vice-presidential election, while rejecting claims that he received special treatment as the son of a former president.

Motorcyclist Injured After Becoming Entangled in Dangling Cable in Bogor

A 20-year-old motorcyclist was injured after a dangling cable caught around his neck on a poorly lit road in North Bogor. Residents are calling on the local government to improve cable management, while police say they will inspect the scene and speak to witnesses.

Gerindra Says It Did Not Intervene in Drug Case Involving Three Regional Council Members

Gerindra deputy chairman Habiburokhman says the party did not interfere in the police investigation into alleged drug offences involving three of its members on East Java regional councils, and that they have been dismissed as legislators. He also said officers transferred in Surabaya were reportedly suspected of seeking money from the detainees, while police cited alleged standard operating procedure violations as the reason for the transfers.

Thai Customers Visit Liuzhou to See FORTHING’s Intelligent Production Process First-hand

Dongfeng Liuzhou Motor hosted Thai dealers, sub-dealers and media in Liuzhou to showcase its smart factory and new-energy vehicle models, while discussing distribution and service-network plans. The visit supports FORTHING’s shift from exporting vehicles to building a local brand in Thailand, where it aims to establish at least 100 sales and service outlets and sell 10,000 vehicles through a phased launch of eight right-hand-drive models.

Gibran Rides Motorbike Through Torrential Rain During Visit to Mamuju

Vice-President Gibran Rakabuming Raka visited remote communities in Mamuju to inspect government home-renovation assistance and local education facilities, urging that housing improvements meet sanitation standards to help prevent stunting. He also heard concerns about poor infrastructure, teacher shortages, internet access and difficulties obtaining subsidised fertiliser, and pledged coordination with local authorities and the Agriculture Ministry.

BPBD: 105 flood evacuees in two West Aceh sub-districts return home

All 105 people from 35 families who had been displaced by flooding in Woyla Barat and Sungai Mas, West Aceh, have returned to their homes. The local disaster agency says it remains on standby to assess impacts and coordinate any further emergency response.

Mataram City Government Begins Gradual Flood-Prevention Works in High-Risk Areas

Mataram is mapping flood-prone locations and carrying out river normalisation and maintenance ahead of the peak rainy season, with work being phased because of limited equipment and labour. The city is deploying around 300 daily workers and operational vehicles, while officials are urging residents to dispose of rubbish properly to help prevent blocked waterways.

Is It True That Not One of the World’s Billions of Muslims Has Won a Nobel Prize, as Kennedy Claims?

The article rejects US Health Secretary Robert F. Kennedy Jr.’s claim that modern Arab and Muslim societies no longer produce major scientific or literary achievements or win prestigious awards. It argues that the assertion reflects historical ignorance and a racist, Orientalist outlook, and calls for a more considered explanation of why knowledge flourishes in some societies and declines in others.

25 Fortified Rice Brands Found to Have Problems; Bapanas Temporarily Suspends PSAT Permits

Indonesia’s National Food Agency (Bapanas) has temporarily halted the issuance of PSAT distribution permits for fortified rice after 25 of 27 brands inspected were suspected of failing to meet requirements. The agency is coordinating with BPOM and the Ministry of Industry on verification of fortification kernels, amid concerns that some products’ nutritional content may not match their label claims.

Online Motorcycle Taxi Drivers Fall into Debt to Make Ends Meet, Expert Questions Their Classification as MSMEs

A survey of 531 online motorcycle taxi drivers found that more than 90% have outstanding debt, with many borrowing to cover daily household costs or repay earlier loans. IDEAS warns that classifying drivers as micro-enterprise operators to expand access to credit could worsen financial strain unless income and worker protections are strengthened first.

Spin-off completed as AIA Syariah officially begins operations on 1 November 2026

AIA Syariah began operating as a standalone Islamic life insurer on 1 November 2026, following regulatory approval and the transfer of policyholder portfolios from AIA Financial. AIA says the launch will widen access to Sharia-compliant protection and support growth in a sector whose assets rose 10.59% in 2025, while its share of national insurance premiums remains around 10%.