Indonesian Political, Business & Finance News

Archive: 3 November 2026

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Tan Kian Says He Was Extorted for Rp55bn by Boboho but Did Not Report It to Police — Here’s Why

Businessman Tan Kian told a Jakarta court that Ferry Yanto Hongkiriwang, known as Ferry Boboho, extorted SGD5 million (about Rp55bn) from him by threatening to make him a suspect in the Jiwasraya corruption case. Tan said he did not report the alleged extortion because he feared investors would leave and banks might withdraw his credit facilities. Former deputy attorney general for special crimes Febrie Adriansyah is accused of carrying out the extortion through Ferry and of laundering hundreds of billions of rupiah.

Two Arrested in West Java for Offering Nude Women’s Live Streams

West Java police have arrested two people accused of operating a social-media-promoted pornography live-streaming service, which allegedly recruited more than 10 female performers from October 2025. Investigators say one suspect managed the platform and received Rp750 million, while police seized electronic devices and dozens of pornographic recordings.

Jakarta Investment Reaches Rp249.3 Trillion

Jakarta Governor Pramono Anung said the capital’s economy grew by 5.52% in the second quarter of 2026, ahead of national growth, as the provincial government seeks to deepen cooperation with investors. Jakarta is promoting investment across sectors including integrated transport, water and waste management, electric vehicles and digital infrastructure, with an emphasis on job creation, technology transfer and support for small businesses.

Vietnam Withdraws Proposal to Allow Child Organ Donation After Strong Criticism

Vietnam has removed a proposal allowing 15- to 17-year-olds to donate organs after death from a draft revision of its 2006 transplant law, following public criticism over consent and the risk of pressure or exploitation. The revised draft sets 18 as the minimum age for deceased donation, while retaining a limited provision for minors to donate regenerating tissue to relatives under strict safeguards.

Missing Tasikmalaya 15-Year-Old Found After Three Weeks: She Was Not Kidnapped, but Had Run Away Amid Family Problems and Bullying

Police in Tasikmalaya found a 15-year-old girl who had been missing for nearly three weeks, confirming that she had not been abducted but had left home because of family difficulties and bullying at school and in her neighbourhood. Authorities and child-protection officials arranged psychological support for the teenager and her family before she returned home.

BMKG Forecasts Mostly Partly Cloudy Conditions Across Jakarta on Tuesday Morning

BMKG expects most of Jakarta to be partly cloudy on Tuesday morning, while the Thousand Islands are forecast to receive light rain. Light rain is also expected in several parts of the capital later in the day, with temperatures ranging from 25 to 33°C and winds of 2–16 km/h.

Tan Kian Says He Complained to Boboho After Still Being Questioned Despite Handing Over Rp 55bn

Businessman Tan Kian told a Jakarta anti-corruption court that he was questioned six times as a witness in the Jiwasraya corruption case even after handing over SGD 5 million, equivalent to Rp 55bn, to Ferry Yanto Hongkiriwang, known as Ferry Boboho. The testimony came in the extortion and money-laundering trial of former deputy attorney-general for special crimes Febrie Adriansyah, who is accused of extorting Tan through Ferry and laundering hundreds of billions of rupiah.

Rainy Season Set to Begin: BNPB Urges Public to Prepare for Potential Extreme Weather

Indonesia’s National Disaster Management Agency (BNPB) has urged residents to prepare for extreme weather and possible flash floods as the rainy season begins in parts of the country in November 2026. The warning follows a breached embankment in Bandung that affected 112 people and damaged 34 homes, as well as heavy rain near Mount Semeru that could trigger lahar floods.

Pack an Umbrella and Raincoat: BMKG Forecasts a Week of Rain Across Greater Bandung

BMKG Bandung expects rain in parts of Greater Bandung and West Java from 2 to 8 November 2026, with locally heavy downpours, lightning and strong winds possible. Residents are urged to monitor weather updates and take precautions against flooding, landslides and falling trees as West Java’s rainy season is expected to begin in October or November, and become dominant in November.

Magnitude 3.9 Earthquake Strikes Padangsidimpuan, North Sumatra

A magnitude 3.9 earthquake struck 12 kilometres north of Padangsidimpuan in North Sumatra at 1.23am local time, at a depth of five kilometres. The Meteorology, Climatology and Geophysical Agency (BMKG) cautioned that the initial data were preliminary and could change; reports of damage or casualties were not yet available.

Depok Mayor: BisKita’s LRT Harjamukti Route Will No Longer Be Free Next Year

The Terminal Depok–LRT Harjamukti BisKita Trans Depok route will begin charging fares in 2027, as the city reallocates its free-service budget to a new Bojong Sari–Terminal Depok corridor. Mayor Supian Suri said Depok is covering Rp19 billion in operating costs for the service in 2026, making it difficult to keep both routes free; general passengers and university students will pay Rp6,000, while older people and school pupils will pay Rp4,000.

Fearing He Would Be Named a Suspect in the Jiwasraya Case, Tan Kian Explains Paying Boboho Rp55bn in Instalments

Businessman Tan Kian told a Jakarta court that he paid Ferry Yanto Hongkiriwang, alias Ferry Boboho, SGD5 million (about Rp55 billion) in three instalments because he feared being named a suspect in the Jiwasraya case. Former deputy attorney-general for special crimes Febrie Adriansyah is accused of extorting Tan through Ferry, and prosecutors allege a broader money-laundering scheme involving assets worth hundreds of billions of rupiah.

LPPOM Highlights the Importance of Building a Halal Ecosystem in the Meatball Industry, Bringing Suppliers and MSMEs Together

LPPOM is promoting a supply-chain-wide halal ecosystem for Tasikmalaya’s meatball industry, linking businesses with suppliers and other stakeholders. It says assurance across sourcing, processing, storage and distribution can strengthen consumer trust and help local businesses reach wider markets.

Indonesia’s Cocoa Industry Finds New Opportunities as Processed Products Target Global Markets

Indonesia’s cocoa businesses are moving beyond raw-bean trading, with companies expanding into processed ingredients and export markets. The sector offers greater value addition but faces challenges around smallholder production, supply consistency and the capacity to fulfil large orders.

Houthis Claim Attack Targeted Saudi Arabia’s Dammam Airport

Yemen’s Iran-backed Houthi movement says it used drones to target Dammam airport, disrupting air traffic, and also claims strikes on Saudi military assets. The claims come amid renewed fighting in Yemen and a series of attacks on Saudi Arabia; the UN says the latest escalation has killed more than 1,600 people and displaced over 300,000.

Flour Prices Soar: Bandung Mayor Explains Why

Bandung Mayor Muhammad Farhan says the city will monitor tapioca flour distribution and check storage warehouses with the police food task force to prevent hoarding. He attributes rising prices to market dynamics, while noting that wheat flour is fully imported and therefore largely a matter for the central government.

Tan Kian Recalls Boboho’s Demand for Rp55 Billion and Threat to Make Him a Suspect

Businessman Tan Kian told a Jakarta corruption court that Ferry Yanto Hongkiriwang, known as Ferry Boboho, demanded SGD5 million (about Rp55 billion) to prevent him from being named a suspect in the Jiwasraya corruption case. Tan said he paid in three instalments after being threatened, while former deputy attorney general for special crimes Febrie Adriansyah is accused of extortion and money laundering involving substantial sums and assets.

Two Tourists Missing After Badung Glamping Landslide; Bali Police Chief Calls for Search to Be Intensified

Two visitors remain missing after a landslide swept away a glamping unit at Pelaga Eco Park in Badung, Bali, amid heavy rain and difficult terrain. A joint operation involving 123 personnel is continuing, with officials urging an intensified search while prioritising responders’ safety; only one of the missing visitors has so far been identified.

Don’t Miss These Prayer Times for Denpasar and Surrounding Areas on 3 November 2026

Indonesia’s Ministry of Religious Affairs has published the obligatory prayer schedule for Denpasar, Badung and Gianyar for Tuesday, 3 November 2026. The article also provides the suggested Arabic transliterations and meanings of the intentions for the five daily prayers, with wording guidance for praying alone or as an imam or congregant.

Not Just Facing Prosecution: 20 Companies Suspected of Causing Forest and Land Fires Urged to Pay Compensation

A member of the House of Representatives’ Commission IV says legal proceedings against 20 companies suspected of causing forest and land fires should be accompanied by compensation for environmental restoration and losses suffered by local residents. She called for transparent damage assessments and application of the polluter-pays principle, in line with Presidential Instruction No. 3 of 2020.

Bahlil Targets Rp165 Trillion in 2026 Mineral and Coal Royalties, but Warns Against ‘Hunger’ Mentality

Bahlil Lahadalia says non-tax state revenue from the mineral and coal sector reached Rp141.94 trillion by 31 October 2026, exceeding this year’s target, and is projected to reach Rp160–165 trillion by year-end. He praised mining companies’ contributions but urged responsible resource management and land reclamation, warning that excessive coal production can depress prices and reduce both company margins and state revenue.

Tourists Report Gastroenteritis After Holidaying in Garut, One Victim Shares Her Experience

Several tourists said they developed vomiting and diarrhoea after visiting Garut in October 2026, with accounts gaining widespread attention on social media. Siti Hamidah described falling ill after her husband had already experienced similar symptoms, although neither knew the cause.

88,000 Women in West Bandung Head Households Due to Divorce or Husbands’ Illness

West Bandung’s population and family-planning agency says 88,000 women are household heads, either because they have separated from their husbands or because their husbands are unable to provide support. A Telkom University and BPDP empowerment initiative aims to help these women build independent businesses using palm-oil derivative products, as local officials and organisers highlight the need for wider collaboration and access to finance and technology.

Two Witnesses in Febrie Adriansyah Extortion and Money-Laundering Trial Questioned at Midnight

Two witnesses were questioned shortly before midnight in the trial of former Deputy Attorney General for Special Crimes Febrie Adriansyah and two co-defendants, with the hearing continuing past midnight. Prosecutors accuse Febrie of extorting Rp55 billion from businessman Tan Kian and, alongside others, laundering assets worth hundreds of billions of rupiah and US$440,990.

Presidential Chief of Staff Says Rice and Medicine at Merah Putih Village Co-operatives Are Cheaper

Presidential Chief of Staff Listyo Sigit Prabowo says essential goods, including rice, medicines, cooking oil and subsidised 3kg LPG cylinders, are being sold at Merah Putih Village/Urban Village Co-operatives for less than at other retailers. During a spot inspection in Cakung Timur, Jakarta, he also said regulatory and coordination issues affecting medicine sales had been resolved through an agreed distribution and sales arrangement involving the Health Ministry and BPOM.

North Sulawesi Residents Urged to Watch for Severe Weather Until 8 November

BMKG has urged people across North Sulawesi to prepare for periods of moderate to heavy rain, lightning and strong winds through 8 November 2026. The forecast identifies several districts and cities at risk on particular days, as the onset of the Asian monsoon and local atmospheric instability boost rainfall activity, despite an El Niño-related influence tending to reduce rainfall.

YPMAK Tightens Academic Monitoring of Scholarship Recipients

The Amungme and Kamoro Community Empowerment Foundation (YPMAK), which manages PT Freeport Indonesia’s partnership funds, is strengthening academic oversight of its scholarship recipients. Students falling below the required GPA of 2.75 will be warned from their first semester and may face scholarship termination after repeated poor results, as the foundation seeks to improve graduation outcomes and ensure the programme benefits local communities.

Sarana Jaya strengthens corporate governance to boost performance

Jakarta-owned property company Sarana Jaya is strengthening its organisation, governance and asset management as part of a continuing transformation aimed at improving business performance and supporting the capital’s sustainable development. Its priorities include digitalising and making better use of assets, developing recurring revenue and aligning business decisions with legal, economic and risk considerations.

Expert Highlights Vice-President Gibran’s Position Amid Political Attacks

Puspoll Indonesia executive director Chamad Hojin says Vice-President Gibran Rakabuming Raka retains considerable political leverage despite criticism and controversies surrounding his educational credentials. An SMRC survey put Gibran’s presidential electability at 8.4 per cent in October 2026, up from earlier polls, although Hojin says popularity must be matched by performance, leadership and accountability.

Bangladesh garment factories shut again as wage protests turn violent

Hundreds of garment factories in Bangladesh suspended production after renewed clashes between workers and police, as employees demand a monthly minimum wage of 30,000 taka. The government has established a wage board to review the demands, while industry leaders warn that shutdowns and higher labour costs could disrupt exports and weaken the country’s price competitiveness.

How Ferry Boboho Became Close to Febrie Adriansyah: A Former Deputy Attorney General and a Car Repair Connection

Court testimony has shed light on how businessman Ferry Yanto Hongkiriwang, known as Ferry Boboho, came to know former special crimes prosecutor Febrie Adriansyah. Ferry said he first met former Deputy Attorney General Arminsyah through helping with car repairs and oil changes, and that Arminsyah later introduced him to Febrie.

IDX Says 23 Companies Are Preparing for 2027 IPOs, with Food and Beverage Firms Leading

Twenty-three companies have joined an IPO mentoring programme run by the Indonesia Stock Exchange (IDX) and the Ministry of Micro, Small and Medium Enterprises, and IDX expects nearly all could be ready to list in 2027. Food and beverage businesses make up around 30% of participants, while the programme aims to ensure firms are prepared both to meet listing requirements and to fulfil their obligations as public companies.

Saudi Arabia Intercepts Houthi Ballistic Missile as Threat Warning Ends

Saudi Arabia says its air defences intercepted and destroyed a Houthi ballistic missile launched towards the country’s south, while civil defence authorities later declared the security threat over in Jazan and Najran. The incident comes amid a rise in cross-border attacks and renewed fighting in Yemen, where years of conflict have fuelled a severe humanitarian crisis.

Landslide at Bali Glamping Site Leaves Two Tourists Missing

A landslide at Eco Park Pelaga Glamping Retreat in Badung, Bali, buried an accommodation unit occupied by two visitors. Basarnas Bali sent nine rescuers to the scene; one victim has been identified, while the second visitor’s identity remains unknown.

Immigration Arrests Three Foreign Nationals in Bali on Suspicion of Online Sex Work, with Rates of up to Rp13.7 Million

Denpasar immigration officials arrested three foreign women suspected of offering sexual services online, with advertised rates ranging from US$100 to Rp13.7 million. A fourth foreign national from Ghana was detained separately after allegedly asking members of the public for money, and all four were taken in for further immigration checks.

With New Regional Command, 14,000 Young People in NTT Apply to Join the Army

Around 14,000 young people in East Nusa Tenggara have applied to join the Indonesian Army, according to the commander of the newly established Kodam XXVII/Sobe Sonbai. The applicants will compete for 6,800 non-commissioned officer and enlisted positions, while the command also faces early operational constraints involving personnel, equipment and facilities.

Russian Mercenary Trafficking Scheme Promised Contracts Worth Rp620 Million and Monthly Salaries of Rp50 Million

Indonesian police have named 13 suspects in five human-trafficking cases involving the recruitment of people as Russian mercenaries, with 58 victims identified. Victims were reportedly lured by promises of large signing bonuses and monthly pay for jobs in logistics or security, then directed to sign mercenary contracts and potentially deployed to armed-conflict zones.

Mining Community Development Must Build Economic Self-Reliance

East Kalimantan Deputy Governor Seno Aji says mining companies’ community development programmes should shift from short-term charity to long-term investment, helping communities remain economically resilient after mines close. He called for programmes to align with regional development priorities, support education, healthcare and local businesses, and be measured and audited; he also proposed a regional mineral and coal endowment fund.

Life Protection and Investment in One Package

Allianz Life Indonesia has launched SmartLink Guard Investa, a unit-linked product combining life insurance cover with investment options in rupiah and US dollars. The policy offers stepped-up life cover of as much as 500 per cent of its initial amount and access to several sub-funds, though returns and regular cash payouts are not guaranteed and depend on fund performance.

Febrie Adriansyah Denies Extorting Tan Kian and Telling Boboho to ‘Cool Things Down’

Former deputy attorney-general for special crimes Febrie Adriansyah denied extorting businessman Tan Kian, offering money or using the phrase ‘cool things down’ in conversations with Ferry Yanto Hongkiriwang, known as Boboho. Febrie and other defendants face charges including extortion of Rp55 billion and money laundering involving Rp346.7 billion and US$440,990; the case is being heard at Jakarta’s Corruption Court.

Not Recruited as Soldiers: How Indonesians Were Trafficked to Russia

Indonesian police say trafficking suspects lured Indonesians—including former military and police personnel—with overseas job advertisements and promises of logistics work, only revealing after recruitment that the jobs involved serving as Russian mercenaries. Police are handling five reports involving 58 victims, and warn the public to be wary of overseas job offers used to recruit mercenaries.

Digital Tax Said to Take Effect on 9 November 2026: Could All Transactions Be Taxed? The Facts

A proposed 9 November 2026 start date for Indonesia’s digital tax collection has not been confirmed by the government and is still to be discussed with the Finance Ministry. The Directorate General of Taxes says the plan concerns the collection mechanism for existing VAT on qualifying overseas digital transactions, not a new tax or a levy on every digital transaction.

After Receiving Rp55 Billion from Tycoon Tan Kian, Ferry Boboho Reveals Febrie Adriansyah’s Message: ‘Let It Cool Down’

A witness told a Jakarta corruption court that former senior prosecutor Febrie Adriansyah allegedly asked for the situation to be ‘cooled down’ after Ferry Boboho received money worth about Rp55 billion from property tycoon Tan Kian. Ferry said Rp50 billion was handed to Febrie’s associate Nurman Herin, while the remaining money was later returned to investigators.

Bank Indonesia hails September trade surplus as a buffer for the economy

Indonesia recorded a US$3.36 billion trade surplus in September 2026, bringing the January–September surplus to US$10.61 billion. Bank Indonesia said the surplus, supported by stronger non-oil and gas exports and a narrower oil and gas deficit, helps strengthen external resilience and supports sustained economic growth.

Domestic Investment Nears Rp2,000 Trillion, Kadin Optimistic About the National Economy

Kadin chairman Anindya Bakrie says domestic investment is approaching Rp2,000 trillion and is increasingly supported by medium-sized businesses, helping strengthen Indonesia’s resilience amid global uncertainty. The business chamber is also seeking greater local participation in future-facing industries such as electric vehicles, renewable energy and data centres, while expanding opportunities for regional firms.

Police Regret Raid on Sukoharjo Islamic Boarding School, Acknowledge Complaints and Trauma Among Female Students

Indonesia’s National Police have expressed regret over the impact of a search at Hamalatul Quran Islamic boarding school in Sukoharjo, where female students and staff reportedly experienced distress and trauma. Four officers remain under internal examination as separate criminal and ethics processes continue.

Muhammadiyah to Review ‘Ash-Shalatu Khairum Minan-Naum’ Call in the Dawn Adhan

Muhammadiyah’s Tarjih and Tajdid Council will revisit whether the phrase “ash-shalatu khairum minan-naum” should be included in the dawn call to prayer at its national conference in Surabaya later this month. The issue has been debated at previous conferences without a definitive ruling, reflecting differing scholarly views on the practice.

Golkar Awaits Bahlil’s Direction on Gibran’s High School Diploma Equivalency Ruling

Golkar has not yet taken a position on the Supreme Court’s decision declaring Vice-President Gibran Rakabuming Raka’s high school diploma equivalency certificate invalid, with the party awaiting guidance from chairman Bahlil Lahadalia. The party says it is studying the ruling, while PDIP and the Democrats have called on Gibran to resign as vice-president.

Disruptive technologies expected to advance the direction of innovation

China’s Institute of Scientific and Technical Information has identified 40 technologies showing significant recent breakthroughs in its 2026 outlook. Spanning areas including AI, health, energy and advanced manufacturing, the technologies are seen as having the potential to spur future innovation and create new industries and growth drivers.

Hail Stuns West Lampung; BMKG Explains What Caused It

Hailstones the size of marbles fell in Balik Bukit district, West Lampung, for around 10–15 minutes on Sunday afternoon, accompanied by heavy rain, strong winds and lightning. The Meteorology, Climatology and Geophysics Agency (BMKG) said the hail formed in intense cumulonimbus clouds, amid unstable atmospheric conditions and local factors including the area’s topography.