Indonesian Political, Business & Finance News

Archive: 3 November 2026

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Bahlil Says Government Plans Oil Storage Facilities in Sumatra, Targeting Reserves of Up to 60 Days

The government plans to build crude oil storage facilities in Sumatra to increase Indonesia’s reserves to cover up to 60 days of demand, with site inspections due to begin by the end of 2026. The project is part of efforts to strengthen energy security and bring the country closer to the international benchmark of 90 days’ supply; officials say site safety, including earthquake risk, will be a key consideration.

Unpatti partners Hungarian university to strengthen students’ capabilities

Universitas Pattimura (Unpatti) has partnered with the University of Debrecen in Hungary to develop students’ leadership, academic ethics and constructive communication skills. The collaboration forms part of a wider agreement covering education, research, staff and student exchanges, and academic capacity-building, with follow-up activities including guest lectures and joint research.

Finance Minister: No Policy to Automatically Charge VAT on Bank Transfers

Finance Minister Suahasil Nazara has denied claims that Indonesia will automatically impose VAT on all interbank and digital-wallet transfers, clarifying that a new system covers qualifying overseas digital transactions. VAT on domestic financial technology services applies to eligible service fees, not the amount transferred.

House of Representatives Urges Social Affairs Ministry to Review PBI-JK Funding Model

A House of Representatives commission member has urged the Social Affairs Ministry to refine its proposed tiered funding arrangement for subsidised national health-insurance contributions, arguing that local governments should bear a smaller share than provincial and central authorities. The proposal allocates costs according to household welfare deciles in the National Socio-Economic Single Data system, with the poorest 40 per cent funded by the state budget.

ITB Patriot Expedition Team Builds Reading Garden in Jayapura

The ITB Patriot Expedition Team has opened the Seribu Mimpi Community Reading Centre in Ongan Jaya village, Jayapura, with more than 4,000 books and local young people helping to run it. The facility is intended to support children’s learning beyond school and promote literacy in the transmigration area, with efforts under way to register it with the National Library.

Police Reveal New Digital Evidence in Madiun Murder Plot

Police say a suspect’s phone searches and WhatsApp conversations indicate that the double murder of his partner and her four-year-old son was planned well in advance. Forensic DNA tests have identified bone fragments found at the scene as belonging to the victims’ family; the suspect faces charges under Indonesia’s new Criminal Code carrying penalties of death, life imprisonment or up to 20 years in prison.

Badung Regent Says There Are No Sponsored Candidates in 2026 Simultaneous Village Head Elections

Badung Regent I Wayan Adi Arnawa has rejected claims of political interference in the 2026 village head elections, saying voters should judge candidates on their records and qualifications. Six candidates in three villages will contest the 15 November poll, with 12,176 registered voters across 23 polling stations.

Two State-Owned Mining Firms to Turn Tin Waste into Rare-Earth Metals

Perminas and PT Timah are conducting joint technical research into processing tin-production residues and tin slag to recover rare-earth metals. The partnership supports Indonesia’s efforts to develop domestic processing capacity for critical minerals, while Perminas is also exploring a 7,300-hectare rare-earth concession in West Sulawesi.

Home Affairs Ministry Steps Up Efforts to Expedite Village Boundary Demarcation

The Home Affairs Ministry is accelerating village boundary demarcation to address low national progress, which stood at 16.77% of Indonesia’s 75,266 villages by the end of August 2026. Through the World Bank-supported ILASPP programme, technical assistance is being extended to eight districts, with clear boundaries intended to strengthen administration, prevent disputes and improve development planning.

West Bandung Fisheries and Livestock Agency records 22.12 tonnes of fish deaths at Saguling Reservoir

Extreme weather and heavy rain have triggered an upwelling event at Saguling Reservoir, killing 22.12 tonnes of carp in floating net cages across seven locations. The West Bandung Fisheries and Livestock Agency has urged farmers to separate surviving fish, remove and dispose of carcasses safely, and adjust stocking and feeding practices to reduce further losses and water pollution.

IDAI Urges Comprehensive Forest and Land Fire Response to Protect the Golden Generation of 2045

The Indonesian Paediatric Society (IDAI) says forest and land fires must be extinguished promptly and addressed comprehensively to protect children’s health and development, particularly in affected areas. A paediatric respiratory specialist reported rising numbers of children treated for acute respiratory infections and asthma during the 2026 dry season.

Floods and Landslides in Lumajang Affect 1,567 Families; Two People Dead

Flooding and landslides in Lumajang, East Java, have killed two people—an adult and a child—and affected 1,567 families, according to the National Disaster Mitigation Agency (BNPB). Emergency teams have reopened roads and are assessing damage, while residents are being warned about further hazards, particularly cold lava flows.

Earth Station Witnesses BAKTI’s Efforts to Bring Connectivity to Indonesia’s Remote Regions

Indonesia’s Ministry of Communication and Digital Affairs, through BAKTI, is using the SATRIA-1 satellite to extend internet access to underserved, frontier and outermost regions. Its Cikarang earth station is a key ground link in a network of 11 gateways supporting public services and connectivity at 150,000 locations, particularly in remote areas.

Observer: Hundreds of Nozzles Speed Up Peatland Firefighting in Central Kalimantan

Environmental observer Nathanael Undas says hundreds of specialised ground-injection nozzles distributed in Palangka Raya are helping crews reach and extinguish fires burning beneath peatland. The support, provided through a partnership involving Kahf, local authorities and Rumah Zakat, also includes protective equipment and supplies, highlighting the need for cross-sector cooperation in tackling peatland fires.

Following Further Disasters, Home Affairs Minister Says Local Governments Can Declare Emergency Status

Home Affairs Minister Muhammad Tito Karnavian says local governments may reimpose emergency status when areas affected by the earlier Sumatra disasters suffer further calamities, even while rehabilitation and reconstruction are under way. The measure would speed up response and spending, while the government has earmarked about Rp100.1 trillion for recovery in three provinces and provided an additional Rp10.6 trillion in regional transfers.

Commission III Praises National Police Chief for Removing Sukoharjo Police Chief over Search of Female Students at Islamic Boarding School

A senior member of the House of Representatives’ Commission III praised National Police Chief Suyudi Ario Seto for removing the Sukoharjo Police Chief after controversy over a search at Hamalatul Quran Islamic boarding school. The police’s internal affairs unit is also examining four officers, while the lawmaker called for an objective investigation and prioritised protection for the students.

Pertamina EP Tambun boosts Jatinegara gas production to 12.3 MMSCFD

Pertamina EP Tambun Field raised gas output at the Jatinegara field to 12.3 million standard cubic feet per day in October 2026, up from an earlier average of 8.3 MMSCFD. Two well interventions increased production while sharply reducing water output, cutting repair time and costs, and lowering fuel use and estimated emissions.

Rosan Promises Danantara Financial Report Will Be Completed This Month

Danantara chief executive Rosan Roeslani says the organisation’s consolidated 2025 financial statements are expected to be released in November, after an earlier target of October. The report is being audited by Indonesia’s Audit Board (BPK), with the examination covering Danantara and the state-owned enterprises under its structure; comments from Danantara’s chief operating officer indicate the report’s status and presentation to President Prabowo remain unclear.

KAI Explains Why Journey Times from Gambir and Pasar Senen Have Increased

KAI says trains departing Gambir and Pasar Senen now make brief stops at Bekasi because of the change from quadruple-track to double-track operations. The adjustments support connections with the commuter line and add boarding and alighting services at Jatinegara, Bekasi and Cikarang, with journey times increased by less than 10 minutes; KAI also says 74 intercity services are now faster, by as much as 92 minutes.

Home Affairs Ministry Urges Alignment of Dekranas, TP PKK and Posyandu Programmes to Target Local Budgets Effectively

The Home Affairs Ministry is urging local governments to align programmes run by the national crafts council, family welfare teams and integrated health-post teams, and to provide targeted planning and budget support. The initiative aims to strengthen collaboration on issues including stunting, poverty, access to basic services and artisans’ businesses; a coordination meeting in Denpasar brought together 974 participants from 14 provinces and 178 regencies and cities.

Unidentified Man Found Dead Floating in Bogor’s Cileungsi River

An unidentified man, believed to be about 60 years old, was found dead in the Cileungsi River in Bogor, West Java. Fire and rescue personnel took about 90 minutes to recover the body, which was then transported to the Kramat Jati Police Hospital for identification.

iPhone Spyware Scare: Apple Warns Users in 99 Countries

Germany says lawmakers and public figures have received Apple alerts warning that their iPhones may have been targeted by state-backed spyware, though the alleged perpetrators and extent of any compromise remain unknown. The warnings were also reported in Lebanon, and German cybersecurity officials are urging recipients to treat their devices as compromised and take precautions.

Deputy Coordinating Minister Dradjad Urges Investors to Put Data Analysis First

Deputy Coordinating Minister for Economic Affairs Dradjad Hari Wibowo urged investors to base decisions on data, company fundamentals and Indonesia’s economic outlook, rather than relying solely on market sentiment or external index assessments. He also called for continued capital-market reforms and stronger domestic investor participation, citing regional economic growth as an important source of national resilience.

Indonesia targets 60 days of crude oil storage

Indonesia plans to build crude oil storage capacity equivalent to 60 days of supply, with site assessments due to begin by the end of the year and safety—including seismic risks—among the selection criteria. Energy Minister Bahlil Lahadalia also outlined plans for E20 and E50 ethanol blends and reaffirmed the B50 biodiesel mandate, policies intended to strengthen energy security and reduce exposure to supply disruptions.

Indonesia Targets Canada to Expand Handicraft Exports

Indonesia expects the I-CA CEPA, which enters into force on 1 December, to create opportunities for handicrafts and a range of other exports in Canada. Bilateral trade reached US$3.51 billion in January–August 2026, up 15.5 per cent year on year, as the Trade Ministry urges businesses to boost competitiveness and production capacity to benefit from the agreement.

MPR and Wonogiri Regency Government Stage Shadow-Puppet Performance to Promote the Four Pillars

The MPR Secretariat-General and Wonogiri Regency Government held an all-night wayang kulit performance as part of efforts to promote Indonesia’s Four Pillars of nationhood. Organisers said the cultural event also helped preserve Javanese heritage and supported local micro, small and medium-sized enterprises, attracting around 10,000 spectators.

Chevie Mawarti, a Waste-Sorting Heroes Participant, Includes People with Disabilities

Chevie Mawarti, a teacher at a social rehabilitation centre in East Jakarta, involves people with disabilities in turning discarded textiles into saleable goods. The initiative provides opportunities for participants to develop skills and earn income, while promoting the idea that waste can have economic value when communities are supported to sort and reuse it.

Yusril Says Police Chief Was Right to Transfer Sukoharjo Police Chief After Islamic Boarding School Search

Coordinating Minister Yusril Ihza Mahendra said the transfer and review of Sukoharjo’s former police chief after a search at an Islamic boarding school were appropriate, and should reassure Muslim communities. He stressed that searches linked to terrorism suspicions must follow legal procedures and respect human rights, while police leadership should learn from the incident.

Danantara Draws Up Project List to Attract Investors at G20 in Miami

Danantara is preparing a slate of potential projects to offer US investors during engagements around the G20 summit in Miami, with proposals intended to align with efforts to optimise state-owned enterprise assets. Discussions are also expected to involve the Milken Institute and major investors, although Danantara has not yet disclosed specific projects or investment values.

Why a Suspect Used an Electric Car to Steal a Coffee Seller’s Phone: ‘So He Wouldn’t Raise Suspicion’

Police say a 50-year-old man used an app-based electric taxi as camouflage while allegedly stealing mobile phones, believing it would make him appear wealthy and avoid suspicion. He was arrested in South Tangerang after a pursuit, with three phones recovered; the case has been handed to Cilandak Police because one alleged theft took place in South Jakarta.

Intense Competition Drives Rise in High-Interest Bank Deposits

The Indonesia Deposit Insurance Corporation (LPS) says deposits paying above its guaranteed interest-rate ceiling rose to 36.06% of deposits in September 2026, up from 34% a month earlier, amid competition to attract funds. Third-party funds across banks grew 8.22% year on year to Rp10,492 trillion, with current-account and savings deposits expanding faster than time deposits.

UNM Internship Programme Enhances Students’ Workplace Competencies

A Universitas Nusa Mandiri management student is gaining practical experience in procurement administration and e-procurement at the Gelora Bung Karno Complex Management Centre. The university says its 3+1 internship programme helps bridge academic study and professional work, equipping students with practical skills and career readiness.

Consistent Innovation and Transformation Earn HM Sampoerna an Award

PT HM Sampoerna Tbk has received the Outstanding Corporate Innovation & Transformation award at CNBC Indonesia’s Road to CNBC Indonesia Awards 2026 in the Best Consumer category. The company said its innovation encompasses investment in operations and research as well as empowerment and digitalisation programmes for more than 250,000 traditional retail micro, small and medium-sized enterprises.

PVMBG: New landmass in Maluku waters formed by a ‘mud volcano’

PVMBG says a new landmass that emerged off Yamru village in Tual, Maluku, was formed when gas- and water-rich mud was pushed to the surface by geological activity. The agency warned residents not to settle on or cultivate the unstable formation, which is a temporary geological feature rather than a volcanic island or permanent tectonic island.

Cigarette Spending Outstrips Nutritious Food, MPR Deputy Speaker Urges Behavioural Change

MPR Deputy Speaker Lestari Moerdijat says improving child health requires organised community action, noting that households spend substantially more on cigarettes than on eggs. With stunting affecting 19.8% of children and 8.1 million families classified as at risk, she called for stronger Posyandu involvement and focused interventions in 16 priority provinces.

Deputy Environment Minister Urges Local Governments to Follow Ministry Circular to Prevent Landfill Fires

Deputy Environment Minister Diaz Hendropriyono has urged local governments to implement a ministry circular setting out measures to prevent fires at final waste-processing sites. During a visit to the Degayu landfill fire in Pekalongan, he also delivered firefighting equipment and reiterated the national target of managing all waste by 2029, calling on local authorities to develop clear operational roadmaps.

Tito: Areas Hit by Further Disasters in Sumatra Can Declare an Emergency Response

Home Affairs Minister Tito Karnavian says areas in Sumatra hit by further disasters can re-declare an emergency response status, even while earlier recovery efforts are in the rehabilitation and reconstruction phase. The move would enable local and central authorities to mobilise contingency funding and respond more quickly, as the government prepares a Rp100.1 trillion recovery plan and provides an additional Rp10.6 trillion in transfers to three affected provinces.

Home Affairs Minister Strengthens Response to Further Disasters in the Regions

Home Affairs Minister Muhammad Tito Karnavian said areas hit by further disasters can reinstate emergency status, allowing local authorities to respond faster and use contingency funds while avoiding lengthy procurement procedures. The government has earmarked around Rp100.1 trillion for post-disaster rehabilitation and reconstruction across three Sumatran provinces in 2026–2028, alongside an additional Rp10.6 trillion in regional transfers.

Fun Zone Kids Mining Adventure: Introducing Sustainable Mining

The Kids Mining Adventure at Minerba Convex 2026 used interactive games, safety equipment and virtual-reality simulators to introduce children to mining and environmental reclamation. Organisers say the programme is intended to build public understanding of good mining practices and sustainability from an early age.

East Jakarta Environmental Agency Steps Up Free Vehicle Emissions Testing to Curb Air Pollution

East Jakarta’s Environmental Sub-agency has deployed 14 staff to provide free emissions tests for petrol- and diesel-powered cars and motorbikes. By 3 November 2026, 1,653 vehicles had been tested towards an annual target of 1,700, as officials urged motorists to have their vehicles checked at least once a year to help reduce air pollution.

Bengkulu festival promotes local products and creative economy

The ten-day 2026 Gebyar Semarak Merah Putih festival in Rejang Lebong features 32 activities, including MSME digital training and coffee workshops, to showcase local products and support creative economy businesses. Bengkulu officials say such events can boost tourism and local growth, while highlighting provincial road upgrades and the festival’s public services and cultural programme.

Seven of the Top 10 Companies on Fortune’s 2026 Southeast Asia Best Companies to Work For List Are Great Place to Work-Certified

Twenty-eight companies operating in Indonesia have been included in Fortune and Great Place to Work’s 2026 list of Southeast Asia’s best workplaces. Indosat Ooredoo Hutchison was the highest-ranked Indonesian-headquartered company, rising nine places to 50th, while seven of the top 10 companies also hold Great Place to Work certification in Indonesia.

Pramono Approves 2.3km Joglo Main Road Widening, Completion Targeted for 2028

Jakarta Governor Pramono Anung has approved plans to widen a 2.3km stretch of Joglo Main Road in West Jakarta to ease congestion on a key route linking the capital with Tangerang. The project, requested by local residents after work stalled in 2019, is expected to take until 2028 to complete.

Pramono Inspects Kali Angke Flood Barrier Construction

Jakarta Governor Pramono Anung Wibowo inspected the Kali Angke barrier project in North Kembangan, which is 90 per cent complete. The 2.057-kilometre project, scheduled for 2025–2026, is intended to improve river capacity and reduce flood risks in surrounding residential areas.

Prabowo summons ministers for limited cabinet meeting

President Prabowo Subianto summoned several ministers and officials, most of them overseeing economic portfolios, for a limited cabinet meeting whose agenda was not disclosed. Officials anticipated discussions on economic developments, while Fisheries Minister Sakti Wahyu Trenggono said he was ready to brief the president on the Red and White Fishing Village programme, including plans for 1,360 villages in 2026 and construction underway at 1,069 sites.

AIA Launches AIA Syariah to Expand Sharia-Compliant Protection

AIA has begun operating AIA Syariah as a dedicated Sharia-compliant life insurer, effective 1 November 2026. The company says it will broaden access to protection products for Indonesian families, covering needs from education and pilgrimage planning to inheritance, with innovation and service quality as key priorities.

Belarusian National Accused of Possessing Cannabis and Cocaine in Bali Faces Nine Years in Prison

Prosecutors have sought a nine-year prison sentence and a Rp100 million fine for Belarusian national Hleb Saroka, who is accused of possessing cannabis and cocaine in Bali. The case centres on a package containing more than 483 grams of cannabis and cocaine hidden in a shoe; his lawyer says he will submit a plea for leniency, citing the defendant’s lack of family or friends in Indonesia to support him through the legal process.

Indonesia prepares to expand ethanol-blended fuel to E50

Energy and Mineral Resources Minister Bahlil Lahadalia said President Prabowo Subianto had asked about readiness to introduce E20 ethanol-blended fuel, with E50 as a longer-term goal. The plan will require coordination with the Agriculture Ministry to secure feedstock, while the government will retain its B50 biodiesel policy and build crude-oil storage facilities in Sumatra to target reserves equivalent to 60 days’ supply.

UGM Professor Recalls Delivering Newspapers to Fund His Hajj While Studying for a PhD in Japan

Yuny Erwanto, a professor at Gadjah Mada University’s Faculty of Animal Science, worked as a newspaper delivery rider while completing his doctorate in Miyazaki, Japan, in 1999. His earnings enabled him and his wife to make the Hajj in 2002, and his example helped open similar work opportunities for other Indonesian students.

Harley-Davidson Introduces More Affordable Motorcycle

Harley-Davidson has unveiled the Sprint 440, a 440cc single-cylinder cruiser aimed at the mid-market segment. Priced from £4,995 in the UK, it is due to make its public debut at EICMA in Milan in November 2026, with sales through the company’s global dealer network on country-specific schedules.