Indonesian Political, Business & Finance News

Archive: 4 November 2026

Showing 801-850 of 1,482 articles

Democrats Win Midterm Election Landslide as Trump Unusually Congratulates Them

The Democrats scored a sweeping victory in the US midterm elections, a result Donald Trump said may have been influenced by the Iran war, while he refused to accept personal blame. Trump congratulated the opposition and said he was willing to work with the Democrats, but warned he would veto legislation he opposed and blamed Republican candidates for the party’s defeat.

Indonesia Forecast to Become One of the World’s Top 15 Electric Car Markets

Indonesia’s National Economic Council says the country could enter the world’s 15 largest electric-car markets in 2026, after sales exceeded 100,000 units last year and had already surpassed that level by August or September. The rapid growth is also seen as support for stricter domestic-content requirements aimed at establishing Indonesia as an electric-vehicle manufacturing hub, not merely a consumer market.

A look at the iPhone 18 specifications set for a spring 2027 debut

Apple is reportedly preparing to launch the iPhone 18 in spring 2027, potentially alongside the iPhone 18e and iPhone Air 2. Leaked details point to 2nm A20-series chips, upgraded displays and cameras, larger batteries and a possible price rise for the standard model.

KOI raises concern over climbing’s absence from 2027 SEA Games

The Indonesian Olympic Committee (KOI) has criticised the exclusion of several sports in which Indonesia excels, including sport climbing and rowing, from the 2027 SEA Games programme in Malaysia. It says the reduced programme could affect medal prospects, athlete development and fair competition, while urging the Southeast Asian Games Federation to consider the interests of all member countries.

More Than Simply Living Longer

As Indonesia and South Korea approach 2045, they face different challenges in supporting people through later-life transitions: South Korea must address the quality of work after a main career, while Indonesia needs to expand income protection. The article proposes a practical bilateral effort to assess and improve existing services, measuring outcomes such as income security, social connection and whether people can choose how to spend later life.

Briefing URI Students, Prabowo Stresses the Importance of Strengthening Competencies

President Prabowo Subianto briefed 400 participants in the first cohort of the 2026 President’s Programme for Indonesia’s Future Leaders, emphasising the development of their capacity, professional skills and national commitment. After six months of intensive training and a two-month internship, graduates are expected to take up permanent positions at state-owned enterprises (SOEs).

High-Interest Deposits Reach Rp 3,791 Trillion as LPS Flags Bank Competition

Deposits paying above the Indonesia Deposit Insurance Corporation’s (LPS) guarantee rate rose to Rp 3,791.34 trillion in September 2026, or 36.06% of total bank deposits, led mainly by private corporate and state-owned enterprise funds. LPS will maintain its guarantee rate through 31 January 2027, while monitoring deposit competition and noting that full guarantee coverage remains above the 90% threshold.

Who Is Behind the Alleged Wiretapping of Listyo Sigit and Others? Cabinet Secretary Responds

The government says it does not yet know who allegedly orchestrated the illegal surveillance of senior officials, including President Prabowo Subianto, and is awaiting the police investigation. Three senior police officers, including former National Police Chief Listyo Sigit Prabowo, have been named suspects and detained over alleged illegal wiretapping, electronic data deletion and unauthorised access.

UK and EU to Agree on Removing Post-Brexit Export Checks

The UK is expected to sign a new trade agreement with the EU on 20 November, removing a range of export checks and related costs introduced after Brexit. The deal would also reopen EU markets to several British agricultural products, while Prime Minister Andy Burnham says it could boost GDP by up to 0.4 per cent.

Egypt Urges US and Iran to Return to Political Dialogue

Egyptian President Abdel Fattah Sisi called on the United States and Iran to de-escalate and resume dialogue, warning that continued conflict would have severe consequences for the Middle East and the wider world. He said any agreement should address the concerns of all parties and expressed confidence that US President Donald Trump would support mediation.

West Kalimantan Quarantine Strengthens Oversight on the Malaysian Border

West Kalimantan’s quarantine agency is enhancing law-enforcement capacity to curb the smuggling of animal, fish and plant commodities across its 967-kilometre land border with Malaysia. Training and stronger oversight at four border crossing posts are intended to improve enforcement, protect national biosecurity and natural resources, and prevent legal and quarantine violations.

Protecting Micro and Small Businesses or Chasing the Global Stage? Delaying Mandatory Halal Certification Is Not Cost-Free

Indonesia has postponed mandatory halal certification for micro and small businesses until 18 October 2028, citing limited capacity and the need to ease compliance burdens. The delay may protect smaller firms, but comes as Indonesia slips in the Global Islamic Economy Indicator; the article argues that deeper weaknesses in Islamic finance and halal manufacturing, rather than certification, are driving the decline.

Manila ASEAN Summit to Discuss Timor-Leste’s Bid to Chair ASEAN in 2029

The 49th ASEAN Summit in the Philippines will discuss Timor-Leste’s aspiration to chair the bloc in 2029, alongside regional energy and food security, economic stability and supply-chain issues. The summit agenda also includes the launch of a new ASEAN emblem symbolising Timor-Leste’s membership, and 154 outcome documents covering the bloc’s three pillars.

SHINee K-pop Idol Minho Apologises After Being ‘Caught’ Pushed by Pacemaker During Marathon

SHINee member Choi Minho has apologised after footage appeared to show a pacemaker pushing him during the 2026 JTBC Seoul Marathon. The incident prompted criticism and questions about whether his near-three-hour finishing time was achieved with outside physical assistance.

Preserving the Cultural Heritage of Bamboo Weaving

For more than two decades, Baiq Idayatul Husni has woven bamboo in Loyok village, helping support her family while keeping a traditional craft alive. The village’s weaving sector provides livelihoods for local women and is central to its identity as a major bamboo-craft centre in West Nusa Tenggara.

Trade Minister Highlights Benefits of APEC Economic Integration for MSMEs

Trade Minister Budi Santoso says Asia-Pacific economic integration and technological advances must deliver tangible benefits to developing economies and micro, small and medium-sized enterprises (MSMEs). Indonesia is calling for inclusive integration, stronger regional and global value-chain participation, and practical cooperation, with outcomes from the ministerial meeting to be submitted to APEC leaders in November 2026.

Singapore Airlines Passenger Data Leaked; Was KrisFlyer Also Affected?

Around 46,000 Singapore Airlines booking records were affected by unauthorised access to customer information held by travel technology provider Amadeus. Some 620 records may also have included additional personal details, including KrisFlyer membership numbers, while the companies said no banking or payment-card data was exposed and no bookings were changed.

Alleged wiretapping of president could constitute treason: government

State Secretary Prasetyo Hadi said alleged wiretapping of President Prabowo Subianto and other officials, alongside the destruction of electronic evidence and unauthorised access to communications, could amount to treason and threaten national interests and sovereignty. Police have named three officers as suspects, while the investigation continues; Prabowo has instructed the police chief to ensure an objective legal process.

Ombudsman Criticises Weak Disaster Information Protocols in the Regions

Indonesia’s Ombudsman says unclear information procedures and the lack of integrated complaint channels are leaving residents without reliable updates during disasters, particularly forest and land fires. It called on regional governments to establish dedicated information, communication and complaints protocols for fires and other hazards, noting West Kalimantan as a relatively strong example.

South Korea Detects North Korean Missile Launches Towards the Sea of Japan

South Korea’s military said North Korea launched several missiles from its eastern Sondok area towards the Sea of Japan, with Seoul and Washington analysing their specifications. The launches come amid heightened tensions along the inter-Korean military demarcation line, following a landmine blast that injured South Korean soldiers and an unanswered offer of military talks from Seoul.

Bandung Traders Cry Foul as Tapioca Flour Prices Double

Tapioca flour sellers at Kosambi traditional market in Bandung say prices have surged from Rp12,000–Rp13,000 to as much as Rp19,000 per kilogram. The price rise, which local traders suspect is linked to a poor harvest or reduced production, has dampened demand from buyers such as cracker manufacturers.

Man Who Macheted Headteacher in Dompu Nearly Beaten by Mob, Now in Custody

A 29-year-old man was arrested after allegedly attacking a primary school headteacher with a sharp weapon at a school in Woja, Dompu. He was briefly assaulted by residents who surrounded the school before police evacuated him; investigators are still examining the motive.

Prabowo Knew He Was Allegedly Bugged by Listyo Sigit and Others After Report from National Police Chief Suyudi

State Secretary Prasetyo Hadi says President Prabowo Subianto learned of the alleged unauthorised phone-tapping through a report from National Police Chief Suyudi Ario Seto. Three people have been named suspects, accused of illegally intercepting the President’s and other public figures’ telephone numbers; the President has instructed that the case be handled according to law.

NTB Seeks to Designate 207,000 Hectares of Rice Fields as Sustainable Farmland

West Nusa Tenggara has proposed designating 207,000 hectares—at least 87 per cent of its mapped rice-field area—as Sustainable Food Agricultural Land (LP2B). The provincial government says the designation would prevent conversion to housing and other uses, while land optimisation and pump irrigation are helping increase planting frequency and support national food self-sufficiency.

Democrats Urge Police to Reveal Actors and Interests Behind Alleged Presidential Wiretapping

Democratic Party secretary-general Herman Khaeron has urged police to investigate transparently the alleged wiretapping of several political figures, including President Prabowo Subianto. He welcomed the naming of three suspects but said investigators should also establish who ordered or enabled the operation, and identify its motives and interests.

Erajaya at 30: From Mobile Phone Sales to Dominating a Lifestyle Ecosystem

Erajaya has grown from a telecommunications-device distributor founded in 1996 into a diversified retail and lifestyle group. Its expansion into sports, food and drink, and electric vehicles reflects a strategy to broaden growth sources and respond to changing consumer needs.

Indonesia to Raise Ratification of Haze Coordination Centre at ASEAN Summit

Indonesia plans to make ratification of the ASEAN Coordinating Centre for Transboundary Haze Pollution Control a priority at the 49th ASEAN Summit, as the Jakarta-based secretariat cannot yet operate. The centre requires ratification by six member states, but only Vietnam has completed the process; Indonesia says it could strengthen regional efforts to tackle transboundary haze and forest fires.

KKP Targets Construction of 2,000 White Fishermen’s Villages Next Year

The Ministry of Marine Affairs and Fisheries plans to build 2,000 White Fishermen’s Villages (KNMP) in 2027, following the operation of 100 sites this year. The programme forms part of a broader target of 5,000 sites by 2029 and is intended to bolster food security and coastal communities’ welfare, though land availability and suitability remain challenges.

Trump Says He Is Ready to Accept Election Results and Work with Democrats

Donald Trump said he would accept the results of the US midterm congressional elections and work with Democrats, as Republicans suffered setbacks in several key races. The changing make-up of Congress could complicate his legislative agenda for the remainder of his term.

Democrats Suspected They Were Being Tapped from the Start: Were We Also Targeted?

Democratic Party secretary-general Herman Khaeron says the party had suspected from the outset that it might be under surveillance, and is awaiting the police investigation to establish whether it was targeted. He called for a transparent, professional legal process and questioned who ordered the alleged wiretapping and for what purpose, after three people—including former National Police chief Listyo Sigit Prabowo—were named suspects in an illegal-surveillance case involving President Prabowo Subianto.

State Secretary Says Palace Does Not Yet Know Contents of Conversations in Wiretapping Case

State Secretary Prasetyo Hadi says the Palace has not yet received full details of conversations allegedly intercepted from President Prabowo Subianto and other senior officials. Police are still investigating who received the recordings and who was behind the alleged surveillance, and the government says it will wait for the inquiry’s findings before commenting further.

State Secretary: Public Need Not Worry About Being Spied on by Rogue Police Officers

The Presidential Palace has urged the public not to be alarmed by reports of illegal wiretapping by a number of police officers, saying police services remain unaffected. State Secretary Prasetyo Hadi said interception is governed by law, while the Palace characterised the alleged conduct as a threat to state security and its leaders.

Building a Portfolio: Weighing Mutual Funds Against Direct Investment

Indonesia’s mutual-fund net asset value reached Rp637.07 trillion at the end of September 2026, while the number of capital-market investors rose 57.96% year to date to 32.17 million. The article compares mutual funds with direct investment, highlighting professional management, diversification and access to markets, while noting that direct stock-picking may appeal to investors who actively follow companies and markets.

IPB University Consumer Expert Examines the ‘Downgrade Lifestyle’ Phenomenon

IPB University consumer behaviour expert Prof Megawati Simanjuntak says middle-class households are cutting spending, switching to cheaper products and postponing non-essential purchases. While such adjustments can reflect prudent financial management, she warns that when they are driven by shrinking household financial resilience, they may signal growing economic strain.

Luxury Cruise Ship Carrying More Than 2,000 Held by US Authorities After Failing to Obtain Sailing Clearance

The US Coast Guard detained MSC Poesia at PortMiami after an expanded inspection identified deficiencies in the vessel’s systems, preventing it from sailing. MSC Cruises subsequently cancelled the 11-night Caribbean and Central American voyage, leaving passengers to rearrange their travel plans.

Police: 34 Injured in Clashes at Protest Against Andrea Bocelli

Thirty-four people, including 32 police officers, one soldier and one civilian, were injured during clashes at a protest against Andrea Bocelli’s concert in Jakarta. Police said they had facilitated dialogue between protesters and the organisers before the situation escalated, and urged demonstrators to express their views peacefully.

EU Takes a More Cautious Approach to Ukraine Accession Negotiation Roadmap

The European Commission is preparing a roadmap for Ukraine’s EU accession talks that sets out areas for provisional progress in 2027 but gives no target date for membership. The document also calls for faster rule-of-law reforms and aims to open discussions on two outstanding negotiating clusters before the end of 2026.

Abdul El-Sayed Set to Become First Muslim Elected to the US Senate

Democrat Abdul El-Sayed is projected to defeat Republican Mike Rogers in Michigan’s Senate election, becoming the first Muslim American elected to the US Senate. His campaign focused on healthcare and the cost of living, while facing scrutiny over his faith and the Israel-Gaza war; a fellow Democrat’s late endorsement of Rogers also stirred controversy.

Telkomsel and DramaBox Partnership Expands Digital Entertainment Choices

Telkomsel has partnered exclusively with short-drama streaming platform DramaBox to offer customers membership and viewing data in bundled packages. Special prices are available to Halo and SIMPATI customers, with the deal expanding Telkomsel’s Digital Lifestyle offering.

FWD Syariah Begins Operations, Offering Life Cover Until Age 100

FWD Insurance Indonesia Syariah has begun operating as a standalone sharia life insurer after separating from its parent’s sharia business unit, with the transfer of policyholders’ portfolios taking effect on 1 November 2026 following OJK approval. Its first product, FWD Harapan, provides life cover to age 100 and enhanced benefits for deaths resulting from accidents during Hajj, Umrah or Ramadan.

Israel Closes Rafah Crossing, Halting Aid Flows into Gaza

Israel has closed the Rafah crossing between Egypt and Gaza, turning back would-be travellers and suspending humanitarian aid and commercial shipments from Egypt, reportedly over alleged smuggling. The move comes amid figures showing that aid and passenger crossings since the October 2025 ceasefire have fallen well short of agreed targets, worsening shortages and economic hardship in Gaza.

Toxic air pollution surges in Indian capital

Air pollution in New Delhi rose to more than 30 times the World Health Organization’s recommended daily limit, despite recently tightened traffic and construction restrictions, with levels expected to worsen around Deepavali fireworks. The article details the major sources of the city’s pollution and cites research estimating that air pollution was linked to 3.8 million deaths in India from 2009 to 2019.

Depok Pensioner Duped in Fake Therapist Scam, 14 Grams of Jewellery Stolen

A 62-year-old woman in Depok lost jewellery weighing 14 grams, valued at about Rp27 million, after a group posing as massage therapists allegedly stole it from her home. Police have received her report and are investigating the case.

10 Investment Managers Face Fines of Up to Rp5 Billion in Asabri Case

Prosecutors have demanded fines of Rp4 billion to Rp5 billion for 10 investment-management companies accused of corruption and money laundering linked to Asabri’s investment funds from 2012 to 2019. They have also sought confiscation of assets corresponding to management fees received, with corporate operations to be suspended for two years if the additional penalties are not paid; the alleged state losses total Rp7.87 trillion.

Chinese Phones Lose Ground as Consumers Turn to iPhones

Apple reported record September-quarter revenue of US$114.5 billion, fuelled by strong iPhone sales, while its services business also reached an all-time high. By contrast, Chinese smartphone brands Xiaomi, Oppo and vivo faced sharp shipment declines in the third quarter as memory-chip shortages and rising component costs pushed up handset prices.

Indonesia’s Seas Polluted by 19 Million Tonnes of Waste Every Year

Indonesia’s Ministry of Marine Affairs and Fisheries says at least 19 million tonnes of waste enter the country’s seas each year, threatening coastal and marine ecosystems. The pollution also puts at risk the livelihoods of coastal communities that depend on marine resources, underscoring the need to curb land-based waste and improve waste management.

As Jakarta Approaches Its 500th Anniversary, Kearney Forum Highlights What It Takes to Become a Global City

A Kearney forum brought together Jakarta officials, businesses and investors to discuss the city’s ambition to rank among the world’s top 50 global cities by 2030. Speakers highlighted transport connectivity, investment growth and tourism, while identifying inequality and poverty as major challenges and calling for closer public-private collaboration.

Spy Devices and Software Proliferate on Online Marketplaces: How Much Do They Cost?

A range of devices and software marketed for secretly recording or monitoring communications is readily available on Indonesian online marketplaces, with prices starting at Rp163,000. The report notes that sellers’ claims about their products’ capabilities have not been independently verified, amid public scrutiny of an alleged illegal surveillance case involving senior police officers and President Prabowo Subianto.

LAZ Allegedly Paid Police to Influence Cases

A witness in a bribery trial told the Mataram Corruption Court that former West Lombok regent Lalu Ahmad Zaini allegedly directed cash payments to police officials while he headed the Giri Menang drinking-water company. The testimony forms part of a wider KPK investigation into alleged bribery and procurement manipulation involving West Lombok government projects worth Rp17.9 billion.

Biosimilar development key to strengthening national manufacturing: BPOM

BPOM chief Taruna Ikrar says developing biosimilars is vital to strengthen Indonesia’s domestic biological manufacturing industry and widen access to safe, effective medicines. He outlined the regulator’s evidence-based assessment and expedited review pathways, while industry and academic representatives stressed sustained investment, collaboration and rigorous quality controls.