Indonesian Political, Business & Finance News

Archive: 3 November 2026

Showing 151-200 of 1,557 articles

Vantage Markets Expands into Indonesia, Relying on Global Trading Platform

Global multi-asset broker Vantage Markets has entered Indonesia through PT Vantage Markets Futures, initially focusing on gold trading via MetaTrader 5 and its web platform. The company says it will invest in local teams, customer service and investor education, and states that it has obtained relevant approvals from Indonesian regulators.

UNM and Bank Muamalat to Hold Community Service Programme in Bogor Village

Universitas Nusa Mandiri and Bank Muamalat will run a community empowerment programme in Cibentang, Bogor, focusing on digital literacy, administrative efficiency and financial management. The initiative will involve village officials, youth groups, Posyandu volunteers, MSMEs and university staff, with the aim of fostering a sustainable, digitally capable and economically resilient village.

OJK Reveals MNC Bank’s Position Following Bankruptcy Rumours

OJK says it has found no serious solvency concerns at MNC Bank and has urged customers not to be alarmed by unverified rumours. The regulator is monitoring the bank as it seeks to address reports of customers experiencing difficulties withdrawing or transferring funds.

SME Ministry Urges Small and Medium-Sized Enterprises to Seize Priority Mining Permit Area Opportunities

Indonesia’s Ministry of Micro, Small and Medium Enterprises is encouraging local small and medium-sized businesses to apply for priority mining permit areas under laws passed in 2025. The ministry says it will support eligible businesses with verification, ESG guidance, financing and partnerships, while permit holders must involve local micro and small enterprises in their supply chains and community economic programmes.

Cirebon City Government Tests Underground Ducting System for Telecommunications Cables

Cirebon’s municipal government is trialling a 12-kilometre underground ducting system to reduce cluttered overhead telecommunications cables and improve public safety. The project is being funded by Apjatel and telecommunications operators, not the city budget, with priority given to main roads before any expansion into residential areas.

Apple Builds Up Component Stockpiles to Weather Surge in Memory Prices

Apple sharply increased its component inventory to US$14.54 billion in the fourth quarter, as it sought to secure supplies and limit the impact of soaring global memory prices. The company also raised purchase commitments, while its chief operating officer signalled that higher device prices may be considered; iPad sales fell short of analysts’ expectations amid supply constraints.

Japan Sends Three Researchers to Explore Forest Restoration in Jambi

Three Japanese researchers have visited Durian Rambun village in Merangin, Jambi, to assess the potential for forest restoration and rehabilitation. The visit follows diplomacy by the Merangin administration and could lead to international cooperation to conserve forests that support Kerinci Seblat National Park, local watersheds and community-managed customary fishing areas.

Police: Prabowo Wiretapping Was the Work of Individuals, Not Institutional Policy

The National Police say alleged illegal wiretapping of President Prabowo Subianto and other prominent figures was carried out by individuals for personal reasons, rather than under institutional policy. Three senior officers have been detained and face charges carrying potential prison terms of up to 10 years, while another senior official remains a witness.

Former KPK Investigator Reportedly Drawn into Case over Alleged Presidential Wiretapping

An investigation into alleged illegal wiretapping of President Prabowo Subianto and other senior officials has led to the detention of three police generals, while a former KPK investigator from the police is also reportedly being pursued. Coordinating Minister Yusril Ihza Mahendra said the three detentions followed police examinations and sufficient preliminary evidence, and that the suspects’ rights were being upheld under the new Criminal Procedure Code.

Yusril: Alleged Bugging of President Prabowo Is No Trivial Matter, but a Serious Issue for the State

Coordinating Minister Yusril Ihza Mahendra says allegations that President Prabowo Subianto and several ministers were bugged raise serious national security concerns. He says the National Police chief should explain the source of the alleged surveillance, while investigators must pursue the matter following a police report.

Muhaimin Urges Islamic Boarding Schools to Develop Coffee Businesses as an Economic Driver

Co-ordinating Minister for Community Empowerment Abdul Muhaimin Iskandar has encouraged Islamic boarding schools to develop coffee businesses to create income and stimulate local economies. He highlighted Al Hikmah 2’s model of combining religious education and practical skills, and said productive ventures based on local potential can help expand community welfare.

BI records US$52.6 billion in LCT transactions through September

Bank Indonesia recorded US$52.6 billion in local currency transaction (LCT) value through September, more than double the US$25.7 billion logged during the whole of 2025. The central bank is expanding cooperation with seven partner countries and offering hedging-premium incentives to promote local-currency use, foreign-exchange diversification and rupiah stability.

Mystery Surrounds Helicopter Crash That Killed Six Without a Distress Signal

Investigators have found no Mayday call before a helicopter crash in Uttarakhand that killed the pilot and five passengers, and are examining whether a sudden event or poor weather caused the accident. The crash has also halted charter helicopter services for the remainder of this year’s Char Dham pilgrimage season, after regulators required two pilots on each flight.

Indonesia and Switzerland establish strategic partnership in artificial intelligence

Nongsa Digital Park in Batam has signed an agreement with Swiss sovereign cloud and AI provider PHOENIQS AG to develop sovereign AI capabilities in Indonesia, targeting Southeast Asian markets. The partnership will support sovereign AI data-centre capacity for sectors including banking, telecommunications and manufacturing, with pilot projects planned in Batam and Singapore.

LPS Says 25 Million Adults Do Not Have Bank Accounts

Indonesia’s Deposit Insurance Corporation (LPS) says around 25 million people aged over 17 lack a bank account. The government plans to allocate an initial Rp1.28 trillion to open accounts for people in the lowest four income deciles, aiming to raise financial inclusion from 93 per cent to nearly 99 per cent.

Police Have Questioned 10 Witnesses and Three Experts in Prabowo Tapping Case

Indonesia’s Criminal Investigation Agency says it has questioned 10 witnesses and three expert witnesses and seized electronic devices in an investigation into alleged illegal surveillance and access involving President Prabowo Subianto and other public figures. Three police officers have been named as suspects, accused of ordering surveillance unrelated to law enforcement and deleting electronic logs to cover their tracks.

Government Urges Public to Trust Police to Investigate Illegal Tapping

Coordinating Minister Yusril Ihza Mahendra has urged the public to trust the National Police’s investigation into alleged illegal tapping involving three police personnel. He said President Prabowo Subianto was committed to professional law enforcement, while the three suspects have been detained pending the investigation.

Prabowo urges P3MDI participants to uphold integrity and build their capabilities

President Prabowo Subianto urged the first cohort of Indonesia’s Future Leaders Programme (P3MDI) to develop integrity, competence and a strong national outlook before entering the workforce. The programme’s roughly 400 selected graduates will undergo six months of training and two months of internships before being assigned to state-owned enterprises or national strategic programmes.

Indonesia’s October inflation remains within target range at 3.23 per cent: Government

Indonesia’s October inflation was 3.23 per cent, within the government’s 1.5–3.5 per cent target range, Deputy Finance Minister Suahasil Nazara said after briefing President Prabowo Subianto. Manufacturing activity also strengthened, with the Purchasing Managers’ Index rising to 54 in October from 52 in September, signalling expectations of higher demand and production.

Police: Three Suspects in Illegal Wiretapping Case Targeted President and Civil Society Groups

Indonesia’s Criminal Investigation Agency says three suspects allegedly carried out unauthorised wiretaps of the President, state officials, politicians, media figures, civil society organisations and businesspeople, then deleted the recordings to conceal their tracks. The case has prompted scrutiny over compliance with police interception rules, and the suspects face multiple charges carrying prison terms of up to 10 years.

Confucian Teachings Align with Environment Ministry’s Ecological Repentance Movement

The head of Indonesia’s Confucian council says harming nature is a grave moral offence under Confucian teachings, which regard filial disobedience towards the Earth as a serious violation. The remarks came during a meeting with Environment Minister Moh Jumhur Hidayat, held to strengthen interfaith collaboration for the National Ecological Repentance Movement.

Listyo Sigit and Others Named Suspects in Prabowo Tapping Case; Habiburokhman Calls for Transparent Legal Process

Police have named three people, including senior police officers Listyo Sigit Prabowo, Eko Hadi and Ahrie Sonta, as suspects in an alleged illegal phone-tapping case involving President Prabowo Subianto and other public figures. DPR Commission III chairman Habiburokhman says he respects the investigation and has called for the legal process to be professional, objective and transparent.

Illegal Wiretapping Case: Three Articles Under Which Listyo Sigit, Ahrie Sonta and Eko Hadi Are Charged

Former National Police chief Listyo Sigit Prabowo and two other officers have been named as suspects in an alleged illegal wiretapping and unauthorised access case, with President Prabowo Subianto reportedly among the targets. Investigators cite three provisions carrying maximum prison terms of six to ten years, and allege that phone numbers were added to a surveillance system without verification before recordings were ordered deleted.

Muhammadiyah to Provide Legal and Psychological Support to Hamalatul Qur’an Female Students

Muhammadiyah says the 12 female students at Hamalatul Qur’an Islamic boarding school need both legal assistance and psychological support, with their emotional wellbeing and sense of safety taken into account. Its Central Board and Central Java legal aid team visited the school to seek clarification and help ensure the students’ rights are protected.

LPS Records 14 Rural Banks Closed Between January and October 2026

Indonesia’s Deposit Insurance Corporation (LPS) says 14 conventional and sharia rural banks were ordered into liquidation from January to October 2026, up from eight in the first half of the year. Governance problems remain the main cause of failures; 62,971 customer accounts are eligible for guaranteed payouts, with Rp643.94 billion paid so far from Rp1.9 trillion in eligible deposits.

Listyo Sigit’s Career: A Long Police Career Since the Jokowi Era, Now Caught Up in a Presidential Wiretapping Case

Former National Police chief Listyo Sigit Prabowo has been named a suspect in an alleged illegal wiretapping operation targeting President Prabowo Subianto and a range of other public figures and organisations. Investigators say the surveillance was conducted without legal procedures and that files were allegedly deleted to conceal it; the case also marks a dramatic turn for an officer who rose through the police ranks before becoming Presidential Chief of Staff.

325 Hectares of Forest in Mount Halimun Salak National Park to Be Restored

Some 325 hectares of forest in Mount Halimun Salak National Park are slated for restoration in 2026–2027, with around 120,000 trees to be planted and local forest-farmer groups involved. The work is intended to rehabilitate degraded land, improve wildlife habitat and forest connectivity, including for the Javan leopard, while also creating opportunities for nearby communities.

President Prabowo Allegedly Bugged; Former Police Chief Listyo Sigit Faces Three Charges Carrying Up to 10 Years in Prison

Police investigators have named presidential chief of staff and former National Police chief Listyo Sigit Prabowo and two other officers as suspects over alleged unauthorised phone tapping targeting President Prabowo and a range of public figures. Investigators say the suspects bypassed required procedures, used a lawful-interception system without verification and later deleted electronic records; the supplied report says they face three charges but does not specify the provisions.

New Loudspeakers Delivered to Masjid Al-Falah After Shooting Damage as Religious Affairs Minister’s Special Adviser Calls for Tolerance

Religious Affairs Minister’s Special Adviser Gugun Gumilar has provided replacement loudspeakers to Masjid Al-Falah in South Tangerang after its equipment was reportedly damaged in a suspected shooting. He urged residents to avoid speculation, preserve social harmony and allow police to investigate transparently, stressing that the state must protect people of all faiths.

Ferdinand Hutahaean Says Prabowo Wiretapping Case May Be an Attempted Coup

Lawyer Ferdinand Hutahaean has called for a deeper investigation into the alleged illegal wiretapping of President Prabowo Subianto, describing it as a possible attempt to undermine the president and government. Police have named three people as suspects in the case, including Presidential Chief of Staff General Listyo Sigit Prabowo, and are investigating whether others used or received the intercepted information.

KTM Updates Duke 200 with New Technology

KTM has refreshed the Duke 200 in India with electronic features including a bidirectional quickshifter, traction control and two riding modes, while leaving its engine and mechanical specification unchanged. The updated model is priced at 207,140 rupees, an increase of 1,552 rupees; its availability in the United States remains uncertain.

Said Iqbal Calls for Zero Tax on Sanitary Pads and Old-Age Benefits

Presidential labour and workers’ welfare adviser Said Iqbal has urged the government to abolish tax on sanitary pads and workers’ Old-Age Security (JHT) withdrawals, arguing that both serve essential needs. He also proposed raising the non-taxable income threshold to Rp7.5 million a month and gradually eliminating taxes on holiday allowances, pension benefits and severance pay to protect workers’ purchasing power.

Yusril Explains Why Suspects in Prabowo Wiretapping Case Have Not Been Charged with Treason

Coordinating Minister Yusril Ihza Mahendra says three police officers, including an active general, are facing charges related to illegal interception and access rather than treason over the alleged wiretapping of President Prabowo Subianto. Investigators say phone numbers were placed on a police-owned surveillance device without verification, and the inquiry remains at an early stage as authorities examine the motive and purpose of the interceptions.

Police Arrest 23 Junior and Senior High School Students over Mataram Brawl

Police detained 23 students in Mataram on suspicion of involvement in a brawl behind a state kindergarten, after a tip-off from the public. The students and their motorbikes were taken to the police station for questioning and guidance, while their schools were called in to help prevent a repeat incident.

Nusantara Youth Expo Becomes a Space for Collaboration and Youth Creativity

The Nusantara Youth Expo brought together more than 1,000 people in Metro for activities spanning entrepreneurship, education, health, and the arts. Local officials and organisers said the event offers young people an inclusive platform to showcase their work, build networks and contribute to regional development.

Disaster-Hit Regions Can Declare an Emergency Response, Says PRR Task Force

Home Affairs Minister Muhammad Tito Karnavian says areas hit by further disasters can reinstate emergency status even as Sumatra’s wider recovery enters the rehabilitation and reconstruction phase. The measure is intended to speed up repairs and relief by enabling local governments to use contingency funds and helping ministries bypass lengthy procurement procedures; the government has earmarked about Rp100.1 trillion for the 2026–2028 recovery plan.

Yusril: The President, Ministers and Political Party Figures Were Tapped; I Don’t Know Whether the Vice-President Was Too

Yusril Ihza Mahendra said President Prabowo Subianto had been informed that he was among those illegally wiretapped, while Yusril did not know whether Vice-President Gibran Rakabuming Raka was also targeted. Police have named three senior officers as suspects over alleged unlawful surveillance and access to communications affecting a range of public figures and organisations.

Full Statement: Police Name Listyo Sigit and Others as Suspects in Prabowo Wiretapping Case

Indonesia’s National Police have named three officers, including National Police Chief Listyo Sigit Prabowo, as suspects over alleged unlawful wiretapping of President Prabowo Subianto and other public figures from 2025 to October 2026. Investigators say phone numbers were placed on a surveillance system without legal authorisation and that recordings and logs were later deleted; the suspects face charges carrying prison terms of up to 10 years.

Three Suspects in President’s Phone-Tapping Case Face 10 Years in Prison

Indonesia’s National Police have named three suspects in an alleged illegal wiretapping and communications-access case, and say they each face up to 10 years in prison. The suspects are being held at police headquarters; authorities have not disclosed their alleged roles, but say the tapping was ordered outside official procedures.

Bangka Belitung Legal Office Provides Assistance on Dual Citizenship

The Bangka Belitung Regional Office of the Ministry of Law is advising a resident of Bangka Regency whose citizenship background is linked to Indonesia and the United Kingdom. The assistance is intended to clarify the applicant’s legal status and explain the relevant documents, rules and administrative steps.

KAI to add 7,000 daily seats under new intercity train timetable

KAI will introduce 39 additional train trips under its 2026 timetable from 1 December, adding 7,000 daily seats and bringing intercity capacity to nearly 140,000. The expansion responds to projected annual passenger growth of 8–12%; the state-owned railway has served more than 440 million passengers through October and expects to exceed 500 million by year-end.

Crowds Protest, Call for Andrea Bocelli Concert in Jakarta to Be Cancelled

Dozens of Muslim activists protested in Jakarta, urging organisers to cancel Italian tenor Andrea Bocelli’s concert over what they say are links to Israel. The demonstration framed the demand as an expression of solidarity with Palestinians amid the continuing humanitarian crisis; the Indonesian Ulema Council has also called for the concert to be cancelled.

West Jakarta City Government to Build Three Pump Houses to Tackle Flooding in Daan Mogot

West Jakarta’s Water Resources Sub-agency is building three pump houses along Jalan Daan Mogot, with work scheduled to continue until the end of 2027. Mobile pumps will be deployed to manage flooding during construction, while the city also plans regular, integrated sediment-clearing operations through December 2026.

Betawi Ballet Explores a Blend of Traditional Betawi Dance and Ballet

Betawi Ballet presented a creative exploration combining traditional Betawi dance movements with ballet in Jakarta. The project, organised by Baleri, the Jakarta Culture Office and Swarga Loka, is a step towards a joint performance planned for the city’s 500th-anniversary celebrations in June 2027.

Accused of Stealing Rp114 Trillion, North Korea Calls US Claims Absurd

North Korea has rejected US allegations that it was behind a US$6.3 billion hack of Binance, calling the accusations absurd as the exchange copes with withdrawals and seeks to restore customer confidence. Analysts say North Korean cybercrime generates funds for the country’s weapons programmes, while Binance’s net outflows have begun to stabilise.

Indonesia Holds First Patent Business Forum to Boost Commercialisation

Indonesia has launched its first Patent Business Forum, bringing together more than 3,000 inventors and industry participants to improve the commercial use of patents, currently estimated at less than 5 per cent. Officials said the forum aims to connect patent holders with businesses, investors and financiers, while strengthening research, innovation and protection against illegal use.

BPOM and WHO Strengthen Traditional Medicine Surveillance to Unlock Economic Potential

Indonesia’s BPOM and the WHO are working to improve post-market monitoring of traditional medicines and supplements, with the aim of ensuring product safety and supporting growth in the sector. BPOM chief Taruna Ikrar estimates Indonesia’s traditional medicine economy could be worth about US$20 billion, while current domestic data put its value at nearly Rp6 trillion.

Yusril Says Prabowo Knew He Was Targeted by Police Generals’ Phone Tapping

Yusril Ihza Mahendra said President Prabowo Subianto had been informed that he was among those whose communications were intercepted by senior police officers. Police have named three generals as suspects over alleged tapping carried out in 2025–2026, while Yusril declined to discuss the method used.

Lemhannas urges Sabang free port in Aceh to become international hub

Lemhannas is urging the development of Sabang’s free-port area in Aceh as an international trade hub and energy logistics base, citing its strategic position on the busy Strait of Malacca. The initiative, which could include a planned investment by UAE-based Mubadala Energy in a shorebase, is expected to support jobs, local businesses and energy distribution while strengthening maritime oversight.

Profile: Ahrie Sonta, Suspect in Prabowo Wiretapping Case

Inspector General Ahrie Sonta, currently head of the National Police Headquarters’ Legal Division, has been drawn into an alleged wiretapping case involving President Prabowo Subianto. The article outlines his police career, including senior roles, service as one of Prabowo’s aides and investigations into major drug-trafficking cases.