Indonesian Political, Business & Finance News

Archive: 4 November 2026

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Trade Minister: Surge in Capital Goods Imports Signals Manufacturing Expansion

Trade Minister Budi Santoso said rising imports of capital goods and raw and auxiliary materials reflect expanding domestic manufacturing and support higher production and new orders. Indonesia’s imports reached US$24.23 billion in September 2026, while cumulative imports for January–September rose 19.67 per cent year on year to US$210.63 billion.

Building Family Economic Independence Through Training

Training programmes in Central Java are helping participants turn everyday materials and food-making skills into potential small businesses, from ecoprint textiles and pastries to coffee preparation. Participants say the courses have broadened their understanding of local opportunities, although further practice and business-development skills will be needed for ventures to grow and endure.

TMPO Shares Quietly Surge 75.61% in a Month: Who Holds the Stock?

Tempo Inti Media shares have risen sharply, gaining 75.61% in a month and more than 22% in the latest session despite a broader market decline. Financial influencer Timothy Ronald became a new shareholder with a 1.26% stake, while some other investors reduced or exited their holdings.

TNI Deploys Large Numbers of Troops to Jakarta: What Is Happening?

The Indonesian military (TNI) says the deployment of troops to Jakarta is a routine measure to safeguard national unity, but has not disclosed its purpose or the number of personnel involved. The statement comes amid speculation that troops may be intended to prepare for possible demonstrations, which the TNI has not addressed.

Workers Propose Raising the 2027 Provincial Minimum Wage by up to 9.5%: The Calculation

Indonesian workers have proposed a 7.5–9.5% increase in provincial and district/city minimum wages for 2027, using inflation and economic growth multiplied by a specified index, while taking decent living needs into account. KSPI president Said Iqbal is urging the government to clarify the wage-setting mechanism promptly so regional wage councils can deliberate and issue recommendations on time.

Pelindo Enhances Transparency and Ease of Port Transactions Through ACS Dashboard

Pelindo has introduced its Auto Collection System (ACS) dashboard to give port-service users real-time visibility of payment transactions and support more accurate financial records and reconciliation. The system is currently connected to Bank BRI’s Qlola and Bank Mandiri’s Kopra platforms, with further banking connections planned.

After Missing Two Summonses, Nusron Wahid Finally Appears at KPK

Agrarian Affairs and Spatial Planning Minister Nusron Wahid attended the Corruption Eradication Commission (KPK) on 4 November, despite not being scheduled for questioning that day. He is being questioned as part of an investigation into alleged bribery linked to the lifting of a block on land-use rights for a Summarecon Agung property in Bogor Regency; he had previously failed to attend two summonses.

QS Asia University Rankings 2027

The 2027 QS Asia University Rankings cover 1,722 universities across 26 higher education systems, with Hong Kong leading the top 10 and mainland China recording the largest expansion. The University of Hong Kong retains first place, while Singapore’s leading universities slip and Universitas Gadjah Mada becomes Indonesia’s highest-ranked institution for the first time since 2021.

Indonesian Stock Market Still Attracts Interest, OJK Says 25 Companies Are Queuing for IPOs

The Financial Services Authority (OJK) says 25 public offering plans are in its pipeline, as domestic companies continue to raise substantial funds in Indonesia’s capital market. Investor numbers have also grown sharply, while the regulator says it will maintain market reforms and strengthen enforcement against manipulation and coordinated trading.

Police Say Force Remains United After Listyo Sigit and Others Named Suspects

Indonesia’s National Police says its ranks remain united after three senior officers, including former police chief Listyo Sigit Prabowo, were named suspects in an alleged illegal wiretapping case involving President Prabowo Subianto. The force says the investigation reflects its commitment to internal integrity, while urging the public not to speculate as inquiries continue.

Trade Minister: Manufacturing Industry Drives Exports in September 2026

Indonesia’s exports rose 3.68% month on month to US$27.59 billion in September 2026, with manufacturing leading growth as demand for several manufactured goods strengthened. Manufacturing accounted for 82.64% of cumulative exports in January–September, while non-oil and gas exports rose 6.30% over the period.

Malang Customs Seizes 200,000 Illegal Cigarettes Worth Rp298 Million

Malang Customs intercepted a private MPV carrying 200,200 illegal cigarettes in Malang, with an estimated value of Rp298.26 million. The seizure prevented an estimated Rp149.93 million in potential state losses, as officials warned that private vehicles are increasingly used to transport illicit tobacco products.

Housing Minister Praises BTN’s Innovations to Boost Financing for Three Million Homes Programme

Housing Minister Maruarar Sirait praised state-owned lender BTN for expanding financing and introducing new schemes to accelerate Indonesia’s Three Million Homes Programme. Initiatives include a pilot scheme for home furnishings, plans to resell refurbished existing homes and community-based housing finance, alongside cumulative Housing Programme Credit disbursements of Rp7.4 trillion.

Employee Faces Prison After Allegedly Bugging Boss’s Remarks at Meeting

An OpenAI engineer has been accused of secretly recording an executive meeting using concealed devices and is facing federal charges in the United States. Prosecutors say the Saudi national sought sensitive communications about the company’s superintelligence technology; a judge rejected a Saudi consulate offer to pay bail, citing flight risk.

Hearts2Hearts’ Carmen Wears Indonesian School Uniform and Introduces Bali’s Nasi Jinggo on Idol’s Table

Hearts2Hearts member Carmen introduced nasi jinggo, a small-portion Balinese rice dish, while wearing an Indonesian high-school uniform on Mnet’s Idol’s Table. The feature also recounts competing stories about the dish’s name and origins, as well as its place among familiar school-time snacks in Bali.

Armed Group in Nigeria Abducts 14 Students and a Teacher

Police in Nigeria’s Niger State say gunmen abducted 14 Islamic school students and their teacher while they were harvesting maize in a field. Authorities have launched an investigation and are working to secure the hostages’ release amid a wider pattern of kidnappings by armed groups in the country.

Minister Nusron Wahid Appears at KPK over Bribery Case Involving HGB Block Being Lifted

ATR/BPN Minister Nusron Wahid appeared at the Corruption Eradication Commission (KPK) on Wednesday for questioning over alleged bribery to lift a block on land-use rights (HGB) held by PT Summarecon Agung in Bogor Regency, despite not being scheduled that day. The KPK says he had previously missed two summonses; the investigation has named eight suspects and is also examining alleged job-buying within the ministry.

BRI Disburses Rp921.6 Billion in Professional Allowances to More Than 507,000 Non-ASN Teachers

BRI has been tasked with disbursing Rp921.6 billion in third-quarter 2026 professional allowances to 507,000 non-civil servant teachers across Indonesia. The payments cover July to September, with eligible teachers receiving Rp6 million each; the ministry retains responsibility for determining recipients, amounts and timing.

22,866 BPJS PBI Members in Sleman Deactivated; How to Reactivate Coverage

Sleman has deactivated 22,866 members of the subsidised BPJS Health scheme, mainly because updated socioeconomic data placed them outside the eligibility criteria. The district is accepting reactivation requests, prioritising patients in hospital and people with chronic or catastrophic illnesses, while directing others to self-funded or employer-based cover.

Former Broker Banned by OJK for 10 Years for Secretly Selling Client Shares

Indonesia’s Financial Services Authority (OJK) has barred former securities broker Lianiwati from activities in the capital markets, derivatives and carbon exchange sectors for 10 years. The sanction follows findings that she falsified client portfolio reports and sold shares without clients’ instructions, underscoring the regulator’s focus on investor protection and market integrity.

JCI Falls as MSCI Uncertainty and Wiretapping Case Weigh on Share Market

The Jakarta Composite Index (JCI) fell further on Wednesday, extending the previous session’s sharp losses as foreign selling and uncertainty over MSCI continued to pressure domestic shares. Foreign investors recorded net outflows of Rp575 billion on Tuesday, bringing November’s total to Rp687.5 billion and year-to-date outflows to Rp98.6 trillion.

BPOM Investigates Alleged Use of Insecticide on Salted Fish

Indonesia’s Food and Drug Authority (BPOM) is tracing the source of salted fish allegedly sprayed with insecticide to repel flies during drying. It warns that such use is prohibited and may contaminate food, while urging consumers to choose trusted products and stressing that allegations involving one case should not be generalised to all salted fish.

Warteg Owners and Massage Therapists React to Hashim’s Proposal for 11% VAT

Small business operators have voiced concerns that a proposed 11 per cent tax on everyday transactions would add to operating costs and squeeze already uncertain incomes. A warteg owner warned that raising food prices could drive customers away, many of whom spend only Rp10,000–Rp15,000 per meal.

Two North Jakarta Youth Red Cross Members to Join Japan Exchange Programme

Two members of the North Jakarta Youth Red Cross will represent the area at an international exchange programme run with the Japanese Red Cross in Tokyo from 5 to 11 November 2026. Local officials said they should bring back humanitarian knowledge and experience to share with their peers and apply in school and community activities.

Building a Closer Bond Without Barriers, Pelalawan Police Chief Spends the Night in a Resident’s Home

Pelalawan Police Chief AKBP Ahmad Nur Ari spent a night with residents in Teluk Meranti, listening to their concerns about security, the environment and police services. The visit reflects an effort to build public trust through direct engagement and collaboration with local communities.

JCI falls in line with Asian markets as investors watch US midterm elections

Indonesia’s benchmark Jakarta Composite Index opened lower, tracking losses across Asian markets as investors awaited the US midterm election results. Analysts also cited geopolitical tensions, a lower domestic growth forecast and proposed foreign-exchange rules as factors shaping sentiment.

Nusron Wahid Makes Surprise Appearance at KPK

Agrarian Affairs Minister Nusron Wahid appeared at the Corruption Eradication Commission (KPK) on 4 November for questioning in an alleged bribery case involving the processing of land-use rights for PT Summarecon Agung and other payments within the ministry. He had previously missed two summonses; the KPK says eight people have been named suspects in the case, including several described as Nusron’s associates.

Nusron Wahid Makes Unscheduled Visit to KPK for Questioning, Says He Came on His Own Initiative

Agrarian Affairs and Spatial Planning Minister Nusron Wahid appeared at the Corruption Eradication Commission (KPK) for questioning in an alleged bribery case involving the handling of a land-use right for PT Summarecon Agung and other payments within the ministry. He had twice missed earlier summonses; the KPK says eight people have been named as suspects in the case, including four described as Nusron’s trusted associates.

Indonesia’s Manufacturing Expansion Hits 31-Month High as Export Outlook Brightens

Indonesia’s manufacturing PMI rose to 54.0 in October, its strongest reading since March 2024, as new orders and export demand accelerated. The Finance Ministry said the expansion supports a brighter fourth-quarter outlook, while September’s trade surplus and contained inflation point to continued resilience despite global and weather-related risks.

US Election Tensions Rise as 1,000 Federal Monitors Deployed Across All 50 States

The Trump administration has deployed around 1,000 federal election monitors to more than 120 jurisdictions for the 2026 midterm elections, an operation the Justice Department says is intended to protect voting rights and public confidence. Reuters found that roughly two-thirds of the monitored jurisdictions backed Kamala Harris in 2024, prompting concerns about possible voter intimidation, although urban population centres and similar monitoring patterns in 2022 offer important context.

Trade Surplus Strengthens Indonesia’s External Resilience, Says Trade Minister

Indonesia recorded a US$10.61 billion trade surplus in January–September 2026, which Trade Minister Budi Santoso said demonstrates the country’s external resilience amid global economic uncertainty. The non-oil and gas surplus offset a deficit in oil and gas trade, while the government is seeking to expand exports into non-traditional markets.

TNI Addresses Reports of Large-Scale Troop Deployment to Jakarta

The Indonesian National Armed Forces (TNI) says troop deployments to Jakarta are routine and form part of its duty to protect the public and preserve national unity. Its spokesperson gave no details on the operation or the number of personnel involved, and did not respond to questions about whether the deployment was intended to prepare for potential demonstrations.

MSCI Shakes Sentiment as Deputy Coordinating Minister Dradjad Urges Investors to Check the Data

Deputy Coordinating Minister for Economic Affairs Dradjad Hari Wibowo has urged investors to assess their own holdings and rely on company fundamentals and economic data amid international index providers’ assessments of Indonesia’s market. The IHSG fell 16.7% in October, its worst monthly performance of 2026, amid MSCI’s consultation on potentially reclassifying Indonesia from an emerging market to a standalone market; a final decision is expected by 30 June 2027.

Most-read: President’s alleged wiretapping and automatic VAT collection policy

The roundup highlights allegations that three police officers illegally tapped President Prabowo Subianto, alongside the TNI’s explanation for deploying a large number of troops to Jakarta. It also reports a Jakarta vehicle-tax penalty waiver and the Finance Minister’s denial that VAT will automatically be charged on interbank or digital-wallet transfers.

Senator Menyapa 2026 to Discuss Regional Aspirations Tomorrow

CNN Indonesia and the Regional Representative Council (DPD RI) will hold the first 2026 edition of Senator Menyapa on 5 November, marking 22 years of the council’s work representing regional interests. The forum will assess whether its recommendations have led to concrete policy changes and provide a dialogue between central and regional government on development opportunities, including food and the economy.

Manpower Ministry and Indonesian Ergonomics Association strengthen workplace risk prevention

Indonesia’s Manpower Ministry and the Indonesian Ergonomics Association have agreed to strengthen workplace risk prevention and hazard control through ergonomics. Their cooperation covers developing occupational safety and health skills and producing research to inform labour policies, while the association also presented Minister Yassierli with a regional ergonomics award.

PLN Supports Construction of DIY Regional Council Building with Increased Electricity Capacity

PLN has begun the first phase of an electricity-capacity upgrade for the construction of the Yogyakarta Special Region (DIY) Regional Council building, increasing supply from 197 kVA towards a planned 1,110 kVA. The additional power is intended to support construction, with PLN and project representatives stressing reliable supply and workplace safety.

Expert Advises Against Taking Acid Reflux Problems Lightly

A gastroenterology specialist has urged people with frequent or severe GERD symptoms to seek medical assessment, particularly if they experience warning signs such as vomiting blood, black stools, weight loss or anaemia. He warned that untreated reflux can affect quality of life and recommended following medical advice, adopting healthier habits and managing stress.

Malaka Jaya Neighbourhood Head Turns Waste into Compost Through Community System

Taufiq Supriadi has built a self-reliant system in a densely populated East Jakarta neighbourhood, combining waste sorting and processing with composting, renewable energy, water treatment and small-scale animal and fish farming. The programme has reportedly kept nearly 32 tonnes of waste from Bantargebang landfill over three years and has drawn international visitors; Taufiq is now among the finalists in Jakarta’s 2026 Pilah Olah Sampah Heroes competition.

Indonesian Natural Resource Exports Need Not Transit Through Other Countries, National Economic Council Says

The National Economic Council has backed Energy and Mineral Resources Minister Bahlil Lahadalia’s order for Indonesian natural resource exports to be shipped directly to their destination markets. The policy is intended to capture greater economic value for Indonesia and curb under-invoicing and illicit transfer pricing, in line with President Prabowo Subianto’s plan for a single export channel through PT Danantara Sumberdaya Indonesia.

Abadi Lestari’s Net Profit Rises 19.14% in Third Quarter of 2026

PT Abadi Lestari Indonesia (RLCO) reported a 19.14% increase in net profit to Rp24.09 billion for the first nine months of 2026, despite lower sales. Cost reductions helped lift gross and operating margins, while processed swiftlet nest products remained the company’s main revenue source.

Irregularities in BOGA’s Financial Statements: OJK Fines Three Directors Rp2.47 Billion

Indonesia’s Financial Services Authority (OJK) has fined three directors of PT Bintang Oto Global Tbk (BOGA) Rp825 million each over misleading disclosures in the company’s financial statements from 2017 to 2020. The regulator said the reporting of advances did not reflect the actual use of proceeds from the company’s initial public offering, and stressed directors’ responsibility to ensure public disclosures are accurate and reliable.

Commission I Urges Prabowo to Revoke Listyo’s Mahaputera Star Following Illegal Wiretapping Case

A Commission I lawmaker has urged President Prabowo Subianto to revoke former National Police chief Listyo Sigit Prabowo’s Bintang Mahaputera Adipurna award after he was named a suspect in an alleged illegal wiretapping case that reportedly included the President’s phone number. The lawmaker cited statutory grounds for revoking state honours and called for an objective, comprehensive review; two other senior police officers have also been named as suspects.

In This Economy, People Are Rummaging Through Bins to Save Money

Rising living costs have led some people in the UK and the United States to search commercial bins for discarded items they can use, donate or resell. The accounts illustrate how dumpster diving can help reduce household spending while giving usable goods a second life.

Iran in Talks with the US and Saudi Arabia: What Is on the Agenda?

Iran says negotiations with the United States are continuing through Qatari mediation, while it is also discussing a regional security arrangement with Saudi Arabia that would exclude foreign military involvement. As conflict threatens energy supplies, Saudi Aramco is exploring alternative export routes and capacity, and China and Russia are urging diplomacy.

Yusril Says Prabowo and Ministers Were Allegedly Spied On by Listyo Sigit and Others; Was Gibran Targeted Too?

Yusril Ihza Mahendra says he has heard allegations that President Prabowo Subianto, ministers and politicians were illegally spied on, but does not know whether Vice-President Gibran Rakabuming Raka was also targeted. Police have named three people as suspects in a case involving alleged illegal surveillance, electronic-data deletion and unlawful access, with journalists and businesspeople also reportedly among those targeted.

TNI Speaks Out on Deployment of Tens of Thousands of Marines in Jakarta

The Indonesian National Armed Forces (TNI) confirmed that 20,000 Marines had been deployed to Jakarta, describing the move as routine readiness preparation and unrelated to any current public controversy. A circulated military letter reportedly details a phased deployment of 20,980 personnel and sets out Rp520.5 million in logistical support costs.

Metro Jakarta Police and DKI Jakarta Government Survey Boncos Village Residents to Revitalise ‘Drug Village’

Metro Jakarta Police and DKI Jakarta officials are conducting a door-to-door survey in Boncos, West Jakarta, to identify residents’ social, employment and skills needs. The initiative aims to address underlying problems linked to drug use and trafficking and transform the area’s reputation into a “Drug-Free Village”.

Rupiah Forecast to Weaken as Dollar Index and US Treasury Yields Rise

Bank Woori Saudara analyst Rully Nova expects the rupiah to weaken to Rp18,120-Rp18,180 per US dollar amid a stronger dollar and rising US Treasury yields. He also cited global expectations of higher interest rates for longer and domestic political and market-governance concerns, which he said were increasing Indonesia’s risk premium.

Gerindra Urges Police to Identify Who Ordered the President’s Surveillance

Gerindra has called on police to investigate beyond the three active generals named as suspects in an alleged surveillance operation targeting President Prabowo Subianto, including identifying whoever ordered, controlled and financed it. The case is being investigated under provisions concerning illegal interception, while Coordinating Minister Yusril Ihza Mahendra says there is currently no indication of an attempted coup; police say the alleged conduct was not an institutional policy.