Indonesian Political, Business & Finance News

Archive: 3 November 2026

Showing 101-150 of 1,557 articles

OJK Revokes Operating Licence of BPR Agritrans Batumarta in South Sumatra’s Ogan Komering Ulu

The Financial Services Authority (OJK) has revoked the licence of BPR Agritrans Batumarta after the rural bank failed to resolve capital problems despite a period under corrective supervision. The Deposit Insurance Corporation (LPS) will handle the bank’s liquidation and deposit guarantees, with OJK urging customers to remain calm.

Learning Mandarin opens study and career opportunities for young Indonesians

A Jakarta education and careers fair brought together 21 Chinese universities and around 3,000 Indonesian students and families, reflecting growing interest in studying in China. As Mandarin learning and HSK participation expand, language skills are increasingly linked to educational pathways and career prospects amid deepening Indonesia-China cooperation.

Two Helicopters Wrecked After Collision on Mount Everest

Two helicopters collided as they prepared to land near Mount Everest’s base camp in Nepal, killing an Indian national and injuring a New Zealand national. The incident occurred during the country’s peak climbing season, when helicopters are widely used to transport climbers and other passengers in the region.

Tens of Tonnes of Fish Die at Saguling Reservoir; West Bandung Fisheries Agency Urges Farmers to Prepare Mitigation Measures

A mass fish kill at Saguling Reservoir in West Bandung Regency left 22.12 tonnes of farmed fish dead between 31 October and 2 November, causing substantial losses for floating-net cage farmers. The local fisheries agency attributed the deaths to extreme weather and upwelling, and urged farmers to rescue surviving fish, promptly remove and safely dispose of carcasses, and make limited use of fish that remain fit for consumption.

West Jakarta City Administration prioritises securing three Jakarta-owned land assets acquired by others

West Jakarta is prioritising the recovery or protection of three of 13 Jakarta provincial government land assets allegedly taken over by other parties, with a target to resolve them by December. The city has identified 20 sites under others’ control, seven of which were secured in 2026, while the remaining cases are being assessed, including some that are subject to court proceedings.

Trade Ministry, TFO Join Forces to Boost Indonesian SMEs’ Access to Canadian Market

Indonesia’s Trade Ministry is partnering with Canada’s Trade Facilitation Office through the TRISEG project to help small and medium-sized businesses enter the Canadian market. The initiative will build SME capacity, including adapting products to meet Canadian market requirements.

Apple to End Production of Non-Touchscreen MacBook Pro Models Next Year

Apple is reportedly planning to phase out non-touchscreen MacBook Pro models as it moves its premium laptop range fully to touchscreens, with a second-generation touchscreen model expected in 2027. The transition may also bring a more affordable 14-inch model, while ending development of non-touchscreen versions amid the cost and operational burden of supporting two display variants.

Pertagas secures gas supply through EMP Bentu–PGN contract until 2031

Pertagas has signed a five-year gas sales agreement with EMP Bentu Limited and PGN, securing supplies of 2–3 billion British thermal units per day through 31 December 2031. The gas is intended to serve Pertagas and PGN customers, including oil production operations in Siak, Riau, while supporting national energy security and decarbonisation goals.

Mamdani Mocks Trump Administration’s Claims to New York’s Achievements with Satirical Meme

US Vice-President JD Vance posted a graphic crediting the Trump administration with improvements in New York, including lower crime, tax cuts and investment. New York Mayor Zohran Mamdani responded with a viral meme, amid renewed attention to the uneasy political relationship between the two administrations and the city’s own policy agenda.

House Commission III Respects Legal Process in Alleged Presidential Wiretapping Case

House Commission III chairman Habiburokhman says authorities should be allowed to investigate allegations that police officers illegally tapped President Prabowo Subianto. Three police personnel have been named suspects over alleged unlawful interception, electronic data deletion and illegal access, and face a maximum sentence of 10 years in prison.

Yusril Seeks the Mastermind Behind the Alleged Bugging of the President

Coordinating Minister for Legal, Human Rights, Immigration and Corrections Yusril Ihza Mahendra says investigators must establish who commissioned the alleged surveillance of President Prabowo Subianto and for what purpose. He urged the public to let police pursue evidence, adding that the inquiry could identify people beyond those already named as suspects and detained.

Police Inspector General: Illegal Wiretapping Was the Work of Individuals, Not Policy

Indonesia’s National Police inspector general says three officers accused of illegal wiretapping acted on their own, not under institutional policy. The officers allegedly intercepted phone numbers without legal authorisation, deleted the recordings to cover their tracks and are being held as they face criminal and ethics proceedings.

Japan Eyes Restoration of TNKS Buffer Forest in Jambi as Three Researchers Visit Site

Three Japanese representatives have begun field research in Durian Rambun, Merangin, to assess opportunities for forest restoration near Kerinci Seblat National Park. The proposed cooperation remains exploratory, with no investment amount, restoration area or formal agreement announced; the village forest is also an important habitat buffer and is managed with community involvement.

Iran Hangs Two Men Accused of Involvement in Killing Four Police Officers During Protests

Iran has executed Amirhossein Maleki and Amirhossein Ebrahimi after the Supreme Court upheld their death sentences over the killing of four police officers during demonstrations in Isfahan. The executions come amid a broader rise in executions in Iran and unresolved disputes over the death toll from the protests.

TASPEN Considers Selectively Increasing Its Equity Investments

State pension fund TASPEN is considering increasing its allocation to equities, but says any move will depend on market conditions, listed companies’ fundamentals and governance, and a careful assessment of returns against risk. Its current allocation to shares and mutual funds is around 10%, with decisions also constrained by investment rules and the need to match assets to its liabilities to participants.

Deputy Home Affairs Minister Bima Urges Regional Leaders to Strengthen Development Vision and Public Service Quality

Deputy Home Affairs Minister Bima Arya Sugiarto called on regional leaders to align local development with national priorities and translate their vision into concrete, sustainable programmes. He also stressed long-term planning, data-led policymaking, support for local economic ecosystems and improved delivery of basic public services.

Yusril: Illegal Wiretapping Case Shows No Signs of Treason

Coordinating Minister Yusril Ihza Mahendra said the case against three police officers accused of illegal wiretapping involves alleged violations of criminal and electronic information laws, not offences related to treason. The officers are suspected of unlawfully intercepting the telephone numbers of the President and other public figures, as well as deleting electronic data and committing illegal access; investigators have not publicly disclosed the substance of the intercepted material.

BI Governor: Managing the Rupiah Is an Art of Choosing Policy Instruments

Bank Indonesia Governor Destry Damayanti says the central bank calibrates interventions and other policy tools to market conditions to keep the rupiah stable while supporting economic growth. The rupiah weakened to Rp18,145 per US dollar on 2 November amid geopolitical tensions and tighter US monetary policy, while foreign portfolio flows and Indonesia’s foreign exchange reserves remained supportive.

Deputy Home Affairs Minister Urges Regional Leaders to Strengthen Development Vision and Public Services

Deputy Home Affairs Minister Bima Arya Sugiarto has urged regional leaders to align their development visions with national priorities and translate them into concrete, data-led programmes. He also stressed that local governments must foster economic growth and deliver basic services that people can directly experience.

LSP Suspected of Tapping Ministers and Media Since 2025, Besides the President

A police investigation alleges that three suspects, including police officer LSP, illegally tapped the phones of the President, ministers and other officials, political figures, media organisations and businesspeople between 2025 and 2026. The suspects are accused of conducting surveillance without the required legal authorisation and of deleting logs; they face multiple charges carrying prison sentences of up to 10 years.

Profile: Inspector-General Eko Hadi, Named a Suspect in Prabowo Tapping Case

Indonesia’s National Police have named three officers, including Inspector-General Eko Hadi Santoso, as suspects in an alleged illegal wiretapping operation involving President Prabowo Subianto’s phone number. Investigators say the tapping took place in 2025–2026 without verification or a law-enforcement basis, and that the suspects deleted the recordings in October 2026.

Could the Case Against Listyo Sigit and Others Involve Treason? Yusril Responds

Coordinating Minister Yusril Ihza Mahendra says the allegations against police chief Listyo Sigit Prabowo and two other senior officers concern unlawful interception and access, not treason. Investigators say they have gathered preliminary evidence, while the purpose and targets of the alleged surveillance remain under investigation; the suspects face charges carrying prison terms of up to 10 years.

BNI Timika Strengthens Financial Literacy from an Early Age at Sekolah Rakyat

BNI’s Timika branch has delivered financial-literacy education and savings support to 85 students at Sekolah Rakyat Terintegrasi 76 Mimika, covering saving, money management and the risks of online gambling and lending. The initiative forms part of BNI’s CSR and its BNI Sahabat Sekolah Rakyat programme, with local officials and the school calling for sustained collaboration and further education, including early entrepreneurship.

The Career of Inspector General Ahrie Sonta, Listyo Sigit’s Trusted Aide Who Becomes a Suspect in Prabowo Wiretapping Case

Police have named Inspector General Ahrie Sonta Nasution, former aide to President Prabowo Subianto and private secretary to former National Police Chief Listyo Sigit Prabowo, as a suspect in an alleged illegal wiretapping case. Investigators allege that three suspects ordered surveillance of prominent figures between 2025 and 2026 and later sought to destroy records; all three have reportedly been detained.

Leaked specifications for OPPO Reno17 and Reno17 Pro emerge ahead of launch

A leak has revealed purported specifications for OPPO’s Reno17 and Reno17 Pro, including their processors, screen sizes and memory options, while the camera set-up remains unclear. OPPO has confirmed the series will launch in China in November 2026, but has not yet verified the leaked details or announced prices.

High-interest deposits rise as LPS monitors competition among banks

Deposits earning interest above the Deposit Insurance Rate rose to Rp3,791.34 trillion in September 2026, accounting for 36.06% of bank deposits, with much of the increase coming from private corporate and state-owned enterprise customers. The LPS is monitoring the effect on individual banks and has kept its guarantee rate unchanged through January 2027, while noting that bank intermediation remains positive and more than 90% of accounts are still fully guaranteed.

Police Spokesperson Says Every Officer Has a Public Relations Role

National Police Public Relations Division chief Inspector General Johnny Eddizon Isir said every police officer is responsible for protecting and building the force’s image and reputation. The instruction, attributed to National Police Chief General Suyudi Ario Seto, was conveyed at a ceremony marking the division’s 75th anniversary in Jakarta.

Inflation surges as neighbouring Australia raises interest rates to highest level since 2008

The Reserve Bank of Australia raised its benchmark interest rate by 25 basis points to 4.85%, its fifth increase this year and the highest rate since November 2008. The move reflects persistent inflation, which the central bank expects to remain elevated for much of 2027, even as economic growth slows and household finances face mounting pressure.

East Kutai Seeks to Maximise Investment in Industry and Energy

East Kutai Regency is seeking to attract investment in processing industries and energy at the Maloy Special Economic Zone, including proposed coal gasification and lithium battery projects. The regency says it will review land-lease rules and assess infrastructure and management readiness to turn investor interest into projects, jobs and greater local economic value.

Former National Police Chief Listyo Sigit Prabowo Accused of Tapping President Prabowo; Ferdinand Hutahaean Calls It the Start of a Coup Plot

Lawyer and political commentator Ferdinand Hutahaean has described alleged illegal tapping of President Prabowo Subianto as the beginning of a plot against the president and government. The National Police’s Criminal Investigation Agency says three people, including former police chief Listyo Sigit Prabowo, have been named suspects and is being urged to investigate whether others used or received the intercepted information.

Indonesia plans to boost rupiah conversion of export earnings

Indonesia is considering revisions to its natural-resource export proceeds rules to encourage exporters to convert a larger share of their US dollar earnings into rupiah, as part of efforts to strengthen domestic financial markets. The current rules require exporters to hold earnings in designated accounts and cap rupiah conversion at 50 per cent; the government says it will review exporters’ proposals before deciding on changes.

Indonesia Open to Hosting World Skateboarding Championships

Indonesia has expressed interest in hosting the World Skateboarding Championships in Bali, with NOC Indonesia chairman Raja Sapta Oktohari inviting World Skate president Sabatino Aracu to assess the venue’s readiness. Bali’s tourism appeal, cultural attractions and growing skateboarding scene are seen as strengths, while Aracu responded positively to the possibility of staging a World Skate event there.

Deputy Social Affairs Minister Praises Sidrap Regent for Providing Land for Homes for People’s School Pupils’ Parents

Sidrap Regency has offered several plots of local-government land to build homes for parents of pupils at its Integrated People’s School, 200 of whom reportedly do not own a home. Deputy Social Affairs Minister Agus Jabo Priyono welcomed the proposal, saying it supports the programme’s broader poverty-reduction goals, while stressing that authorities must first establish which families are willing to live at the proposed sites.

Eight Corporate Gift Suppliers Offer a Range of Products for Businesses

Eight suppliers offer corporate gifts ranging from premium and personalised products to hampers, local SME goods, upcycled merchandise and promotional items. The variety enables businesses to tailor gifts to recipients and occasions, while also meeting interests such as sustainability and support for local products.

Prabowo Already Knew He Was Being Tapped, Yusril Reveals Who Reported It

Coordinating Minister Yusril Ihza Mahendra said President Prabowo Subianto had been informed by the National Police chief about an alleged illegal wiretapping operation. Yusril referred questions about the suspected location to investigators; the article also reports that three people have been detained, though the names and roles given in the report appear inconsistent.

South Sumatra Investment Acceleration Task Force Offers Four Downstreaming Projects

South Sumatra’s investment task force has presented four downstreaming projects in coconut processing, catfish, beef cattle and vannamei shrimp, with combined investment needs of US$76 million. The projects aim to increase local value added and offer estimated returns on investment of 17.7–42 per cent, as provincial investment realisation has already exceeded its 2026 target by the third quarter.

Bulog Ensures Quality of 4.6 Million Tonnes of Government Rice Reserves

Bulog says the quality of its 4.6 million tonnes of government rice reserves is being maintained across its nationwide warehouse network, with storage capacity standing at 6.7 million tonnes. The reserves and remaining warehouse space are intended to support harvest absorption, supply and price stabilisation, food assistance and emergency needs, including demand during the 2026 Christmas and 2027 New Year period.

Tito Karnavian Inspects Flood-Damaged Embankments in Pidie Jaya

Home Affairs Minister and post-disaster recovery task force chief Tito Karnavian inspected river embankments and damaged farmland in Pidie Jaya after further flooding. He said repeated floods are hindering reconstruction and called for embankment construction and river dredging, noting that 137 rivers across Aceh, North Sumatra and West Sumatra have suffered sediment build-up.

South Sumatra launches Sriwijaya Invest to attract investors

South Sumatra has launched Sriwijaya Invest, a digital platform showcasing investment opportunities and projects ready for investors. The provincial task force is also seeking support from the Investment and Downstreaming Ministry/BKPM to promote projects abroad, while four downstreaming proposals worth a combined US$76 million are being offered to boost local value creation.

Investors Need to Distinguish Between Cheap and Discounted Stocks

Investor Arif Wongso says a low share valuation alone does not make a stock an attractive investment: investors must establish whether the company’s underlying business and prospects justify its price. He recommends screening with price-to-cash-flow and debt-to-equity ratios, then examining financial statements, sector conditions and the business itself before deciding whether a stock is genuinely discounted.

General Listyo Sigit and Others Named Suspects in Alleged Wiretapping of President Prabowo

Three people, including General Listyo Sigit Prabowo, have been named suspects in an alleged illegal surveillance and electronic-data deletion case. Investigators say the suspected targets included President Prabowo and a range of public figures; the suspects face potential prison terms of up to 10 years under the charges announced by police.

Indonesia plans to increase rupiah conversion of export earnings

The government is considering changes to rules governing natural-resource export proceeds to encourage exporters to convert more US dollars into rupiah, as part of efforts to strengthen domestic financial markets. Current rules require proceeds to be held in designated accounts and limit rupiah conversion to 50 per cent, while officials say exporter proposals are still under review.

Former Indonesian police chief among three arrested over alleged illegal wiretapping of Prabowo

Indonesian police have arrested three suspects, including former National Police chief Listyo Sigit Prabowo, over alleged unauthorised interception of President Prabowo Subianto’s and other public figures’ communications between 2025 and 2026. Investigators say the suspects also ordered the deletion of interception files, and face charges carrying prison terms of up to 10 years; the motive remains under investigation.

Bali Police and Bank Indonesia destroy 3,731 counterfeit banknotes worth Rp341.5 million

Bali Police and Bank Indonesia destroyed 3,731 counterfeit rupiah banknotes with a face value of Rp341.575 million, including 3,121 notes in the Rp100,000 denomination. The operation, conducted with several government and financial institutions, was presented as part of efforts to curb counterfeiting, encourage public vigilance and protect confidence in the rupiah.

Yusril Says President Prabowo Was Informed of Alleged Wiretapping by National Police Chief

Coordinating Minister Yusril Ihza Mahendra says President Prabowo Subianto was informed by National Police Chief Suyudi Ario Seto about alleged wiretapping targeting the president. Yusril describes the matter as a serious national security issue, and says Prabowo ordered an objective investigation and firm legal action in accordance with the law.

YPMAK Develops Catfish Farming in the Mountainous Region of Mimika

YPMAK has introduced catfish farming in Tsinga, in the highlands of Mimika, after feasibility studies found the fish could thrive in the cold conditions. The initiative aims to improve household access to protein and help address stunting, while also supporting the local economy; YPMAK is studying coffee cultivation as a further economic programme.

Mine Recovery Under Way as Freeport Targets 820 Million Pounds of Copper in 2026

PT Freeport Indonesia expects to produce 820 million pounds of copper and about 700,000 ounces of gold by the end of 2026 as operations at its Grasberg Block Cave mine recover from a September 2025 mudslide. The company says output is tracking its forecast, with the mine expected to approach full capacity by the end of 2027 and return to 100% production in 2028.

MP Backs Gerindra’s Dismissal of Three Members Involved in Drug Cases

Gerindra MP Bimantoro Wiyono has backed the party’s decision to dismiss three East Java regional lawmakers implicated in drug-related cases. He said the move reinforced the party’s commitment to integrity and showed that elected representatives would not be shielded from accountability; the dismissals await completion of administrative procedures in the respective regional councils.

Indonesia Continues to Press Developed Countries to Honour Climate Finance Commitments

Indonesia will continue urging developed countries to deliver the climate finance pledged under the New Collective Quantified Goal (NCQG), including at the upcoming COP31. The commitment is to provide developing countries with up to US$300 billion a year through 2035 to address climate change.

Profile: Listyo Sigit, Former National Police Chief Named Suspect in Prabowo Wiretapping Case

Former National Police Chief and current Presidential Chief of Staff Listyo Sigit Prabowo has been named a suspect, alongside two senior officers, over alleged illegal wiretapping, electronic-data deletion and unauthorised access involving President Prabowo Subianto and other figures. Police say the investigation followed a scientific-investigation approach; Sigit has not publicly commented. The article also traces his rise through the police, his appointment as National Police chief in 2021 and his subsequent move to the Presidential Staff Office.