Indonesian Political, Business & Finance News

Archive: 4 November 2026

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ITB Patriot Expedition Team Brings More Than 4,000 Books to Children in Papua’s Yapsi District

The ITB Patriot Expedition Team has opened a community reading centre in Ongan Jaya village, Jayapura regency, providing more than 4,000 books and involving local young people in its management. The initiative aims to expand learning opportunities and sustain literacy activities in the transmigration area, with support from local institutions and a mobile literacy programme.

Two Killed in Scoopy-Brio Collision in Gamping, Sleman

Two people riding a Honda Scoopy were killed after colliding with a Honda Brio at the Demak Ijo intersection in Gamping, Sleman, early on Wednesday. Police say the initial investigation suggests the motorbike crossed against a red light; the Brio’s three occupants were uninjured.

Artists from Six Countries Exhibit at IKJ Art Show

The Institut Kesenian Jakarta’s annual Urban Art Expression exhibition features 48 artists from Indonesia and five other countries, with works spanning social and political issues, local identity, nature and visual experimentation. Organisers say the show gives lecturers a public platform to present their artistic practice and encourages exchanges with students, audiences and international artists.

Antam Gold Prices Fall Today: Latest Prices for 4 November 2026

Antam’s gold bar price fell by Rp4,000 to Rp2,537,000 per gram on Wednesday, while its buyback price was Rp2,307,000 per gram. The report lists prices across available bar sizes and outlines the income tax deductions applied to purchases and buyback transactions.

Dollar Under Pressure Across Asia: Yen and Won-Rupiah Strengthen, Yuan Weakens

Eight of the 10 Asian currencies tracked rose against the US dollar, with the yen leading gains and the rupiah up 0.11%, as the dollar weakened amid vote-counting in the US midterm elections. Markets are watching how the results could reshape fiscal policy and Treasury yields, while Middle East tensions and China’s move to raise foreign-exchange reserve requirements remain key influences on currencies and oil prices.

More Than 20,000 Troops Deployed to Jakarta, TNI Says It Must Remain on Alert at All Times

The Indonesian military says the deployment of more than 20,000 personnel to Jakarta is routine, citing its obligation to remain ready to secure regions across the country. A plan details four stages of heightened security, including 13,140 Navy personnel on standby and thousands of additional troops scheduled to arrive from outside the capital.

OJK Uncovers PANR Share Price Manipulation, Illicit Gains of Rp5.07 Billion

Indonesia’s Financial Services Authority (OJK) found that three individuals manipulated trading in Panorama Sentrawisata shares between September 2022 and May 2023, generating illicit gains of Rp5.07 billion. The regulator has ordered the return of the gains, imposed five-year capital-market activity bans on two people and directed securities firms to close accounts linked to the activity.

Indonesia pushes for inclusive trade finance across OIC region

Indonesia has called for more accessible, reliable and efficient trade financing for small and medium-sized enterprises (SMEs) across the Organisation of Islamic Cooperation (OIC). Its proposals include Islamic finance, cash-flow-based credit assessments, digital trade documents, credit guarantees and interoperable cross-border digital payments to help SMEs expand exports and reach international markets.

Alleged Spying on the President: Listyo Sigit Prabowo’s Wealth

Indonesia’s 2025 asset disclosure puts National Police chief Listyo Sigit Prabowo’s wealth at Rp15.34 billion, with cash and cash equivalents forming its largest component. The report comes amid allegations that he and two other senior police officers were involved in illegal surveillance targeting President Prabowo Subianto and others.

Syahrul Aidi: Foreign Investment Must Align with National Interests; Four Foreign-Investment Companies Under Scrutiny

DPR Commission I member Syahrul Aidi Maazat has urged the government to ensure foreign investment serves Indonesia’s national interests and complies with environmental and legal obligations. His remarks follow police investigations into alleged corporate involvement in forest and land fires, including four foreign-investment companies from Singapore, Malaysia and South Korea among 20 companies under scrutiny.

UGM Students Examine WEGE’s Modular Innovation and PAM JAYA’s Green Building Project

A group of 82 University of Gadjah Mada civil engineering students visited Wijaya Karya Bangunan Gedung’s modular factory and its PAM JAYA service centre project in Jakarta. The visit highlighted the claimed speed and emissions benefits of modular construction, alongside the project’s integrated delivery and top-tier Green Building certification at the technical planning stage.

Is the Business World Ready to Navigate the Biodiversity Credit Market?

Indonesia’s Environment Ministry is preparing a regulatory framework for biodiversity credits, an instrument intended to channel private-sector funding into measurable ecosystem restoration. The article argues that companies must respect a strict mitigation hierarchy, protect Indigenous communities’ rights and establish credible local standards to ensure the market does not enable greenwashing or speculative exploitation.

Limited Infrastructure Does Not Prevent Technology Innovation from Growing in the Regions

Deputy Communications and Digital Affairs Minister Nezar Patria says limited infrastructure should not stop regional technology innovation, arguing that developing digital talent and adapting existing technologies to local needs are more important. He points to China’s AI industry and digital tools in agriculture as examples of how skills and practical adoption can produce competitive solutions and improve efficiency.

Listyo’s Alleged Spying on Prabowo Sparks Outcry: Five Cases of World Leaders Being Spied On

A report about the alleged detention of former National Police chief Listyo Sigit Prabowo over the suspected bugging of President Prabowo Subianto has revived memories of major international surveillance scandals. The article recounts five cases involving Indonesia, Australia, the United States, Germany, Latin America, France and Watergate, highlighting the diplomatic fallout and political consequences of spying on leaders.

Jayawijaya Vehicles Must Have Paid Tax to Buy Subsidised Fuel

Jayawijaya Regency is restricting subsidised biodiesel purchases to vehicles with paid-up tax, local registration plates and, where applicable, a valid roadworthiness inspection. The regency says the rules are intended to boost local revenue, with a control-card system for both Pertalite and biodiesel scheduled to begin in December 2026.

Eggs to Blueberries: Breakfast Choices to Support Brain Function

Walnuts, blueberries, eggs, mushrooms and avocados are highlighted as breakfast foods that may support memory, concentration and other aspects of cognitive health. The article notes that evidence points to potential benefits, but stresses these foods should form part of a balanced diet rather than being seen as a guaranteed way to improve memory or prevent cognitive decline.

The Gedebage-Tasikmalaya Corridor Awaits Its Value

The opinion article argues that Jasa Marga should treat toll roads as economic ecosystems, monetising land, fibre-optic ducts, energy, logistics and data alongside toll revenue. It points to the planned Gedebage-Tasikmalaya toll road as an opportunity to adapt the Travoy Hub model to West Java’s agricultural, tourism and transport needs, while stressing that strong governance, security and environmental accountability are essential.

OJK Sanctions Three Capital Market Cases, Including Rp5.07bn in Share Manipulation

Indonesia’s Financial Services Authority (OJK) has imposed sanctions in three capital-market cases, including illegal profits of Rp5.07 billion from trading manipulation involving Panorama Sentrawisata shares. It also fined three Bintang Oto Global directors for misleading financial disclosures and barred a former licensed broker representative for 10 years over falsified client portfolio reports and unauthorised share sales.

Jakarta begins distributing KJP and KJMU assistance to 36,295 continuing recipients

Jakarta has begun phased disbursement of education assistance to 36,295 continuing recipients of the KJP Plus and KJMU programmes, with payments starting on 3 November 2026. The city says strict verification was used to establish eligibility, and has allocated Rp52.52 billion for 23,833 KJP Plus recipients in the second wave of phase II.

Digital Espionage Threats Prompt Calls for Protection of Indonesia’s Strategic Data

Experts warn that Indonesia’s strategic geographic position and valuable commercial and industrial information make it a potential target for espionage, with digitalisation increasing the risks and making data theft harder to detect. They call for stronger digital security and a more comprehensive legal framework, including either better implementation of existing laws or a dedicated anti-espionage law.

Antam gold prices fall by Rp4,000 to Rp2.537 million per gram on Wednesday

Antam’s gold price fell by Rp4,000 to Rp2,537,000 per gram on Wednesday morning, while its buyback price also declined to Rp2,307,000 per gram. The report lists prices across gold bar sizes and outlines the applicable income tax on buyback and purchases.

10 European Flights Targeted by Bomb Threats, Italian Fighter Jets Deployed

Around 10 flights across Europe received bomb threats, prompting airport security checks, temporary runway and airport closures, and the deployment of fighter jets in Italy and Hungary. No explosives were found, and all affected aircraft landed safely; authorities are investigating a series of threats spanning several countries.

DPR: Access to Educational Technology Must Reach Every Region

Lalu Hadrian Irfani, deputy chairman of the House of Representatives’ Commission X, said digital education must reach students across Indonesia rather than deepen the urban-rural divide. He called for stronger digital literacy and teacher training, alongside safeguards for children’s data, safety and rights.

Rupiah Strengthens to Rp18,132 per US Dollar as Three Sentiments Move Markets

The rupiah rose 0.15 per cent to Rp18,132 per US dollar at Wednesday’s open, with investors watching US midterm elections, economic data and tensions between Washington and Tehran. Employment and services-sector figures due this week could shape expectations for the Federal Reserve’s interest-rate decisions, while geopolitical developments around the Strait of Hormuz remain in focus.

Listyo Sigit Named Suspect in Wiretapping Case; Yusril Says KSP Chief’s Replacement Not Yet Discussed

Yusril Ihza Mahendra says the government has not discussed replacing Presidential Chief of Staff Listyo Sigit Prabowo, as its focus is on law enforcement; the role is currently being handled on an acting basis. Police have named Sigit and two others suspects over alleged illegal wiretapping, including of President Prabowo Subianto, and the deletion of electronic data.

Danantara to Begin Building Hajj Village in Mecca in December, Acquires Novotel Thakher

Danantara plans to begin construction of a Hajj village in Mecca in December 2026, following its acquisition of a 4.4-hectare plot in the Thakher district. The transaction also includes the operating Novotel Thakher Makkah, with 1,461 rooms and suites, as Indonesia’s investment agency seeks to strengthen services for Indonesian Hajj and Umrah pilgrims.

Tens of Thousands of TNI Personnel Deployed to Jakarta, Military Spokesman Says to Safeguard the Unitary Republic

The TNI has reportedly ordered tens of thousands of personnel from outside Jakarta to the capital for security duties, including special forces from all three branches. TNI spokesman Major General Muhammad Nas said the deployment is a routine precaution aimed at detecting threats early and protecting the unity of Indonesia.

Government to optimise dryland horticulture cultivation in 13 regions

The Agriculture Ministry, in partnership with the Asian Development Bank and IFAD, plans a 2024–2029 project to develop horticulture on 10,000 hectares of dryland across 13 regencies in seven provinces, involving 25,000 farmers. The initiative will support a range of crops while strengthening plant protection, irrigation, local seed production and farmer institutions.

Lawmakers back police probe into alleged tapping of president

House Commission III Chairman Habiburokhman has backed the National Police’s investigation into alleged illegal wiretapping and related offences, urging authorities to handle the case professionally, objectively and transparently. Three police officers have been named as suspects and detained; they face charges carrying a maximum sentence of 10 years if convicted.

Man Who Did Not Bathe for 60 Years Dubbed the World’s Dirtiest Man

Iranian man Amou Haji avoided bathing for around six decades, believing that water and soap would make him ill, and became known as the “world’s dirtiest man”. After eventually agreeing to be bathed by villagers, he fell ill and died in 2022 at the age of 94.

Jokowi to Testify at Roy Suryo Trial Tomorrow as East Jakarta Court Limits Visitors

The East Jakarta District Court will limit attendance at Roy Suryo’s defamation trial, where former president Joko Widodo is scheduled to testify, to fit the courtroom’s capacity of 80 people. The court will provide a live television feed outside and coordinate with police on security, while Jokowi says he will attend if formally summoned by prosecutors.

Saving Indonesia’s Capital Market from the Threat of Foreign Capital Flight

The author argues that MSCI’s threat to downgrade Indonesia from emerging-market to standalone-market status could trigger substantial foreign outflows, sharply lower share prices and put pressure on the rupiah. The article urges regulators to address market access, free-float requirements, ownership transparency, suspected coordinated trading and inconsistent enforcement before the June 2027 deadline.

President’s Communications Allegedly Intercepted Illegally Using LIMS: What It Is

The article explains how the Lawful Interception Management System (LIMS) is intended to support legally authorised communications interception, and how it differs from metadata retention. Three people have been named as suspects in an alleged illegal wiretapping operation, which carries a maximum penalty of 10 years in prison under the cited law.

DPR Says Wiretapping of President Undermines Public Trust

A DPR Commission III member has condemned alleged illegal wiretapping of President Prabowo Subianto, warning that it could erode public confidence in the police and undermine privacy and democratic freedoms. Investigators say three people have been named suspects in the alleged misuse of the LIMS system, with targets reportedly including officials, journalists, activists and businesspeople.

US threatens to deport foreign nationals who vote in midterm elections

The US Department of Homeland Security has warned that foreign nationals who illegally vote in congressional midterm elections could face arrest, criminal charges and deportation. It said immigration agents would not conduct operations at polling stations, except where there is an immediate threat to public safety.

JCI Opens Down 0.97% as Selling Pressure Continues in Early Trading

The Jakarta Composite Index (JCI) opened 0.97% lower at 4,856.96 on Wednesday and fell 1.49% by 09:00 WIB, trading close to its early-session low. Market participants are watching whether selling pressure persists amid global uncertainty and domestic developments, including political dynamics, US economic data and Indonesia’s financial system stability.

Mahfud MD: Former Police Chief Listyo Named Suspect in ‘Worst Crime in Police History’ Over Presidential Wiretapping

Former coordinating minister Mahfud MD reacted after police named former National Police Chief Listyo Sigit Prabowo and two others suspects in an illegal wiretapping case involving the president and other public figures. Mahfud also cited other high-profile figures facing court proceedings, arguing that President Prabowo had shown firmness and urging him to act decisively more often.

After Decades of Sharing, Sadangmekar Residents Get Their Own Electricity Connections

Eleven low-income families in Sadangmekar, West Bandung, have received free electricity connections through PLN’s Light Up The Dream programme, ending decades of reliance on relatives’ or neighbours’ meters. The initiative is part of a wider effort to provide 2,710 connections across West Java and is intended to improve household life, children’s study opportunities and prospects for home-based businesses.

Finance Minister Says Interbank Transfers and Digital Wallet Transactions Are Not Subject to VAT

Finance Minister Suahasil Nazara has rejected claims that a new policy will automatically impose VAT on every interbank transfer or digital wallet transaction. The rules concern VAT collection on qualifying overseas digital transactions; for domestic financial services, VAT may apply to service fees rather than the amount transferred.

Coffee Seller Chases Phone Thief and Clings to Electric Car

A mobile coffee seller in South Tangerang chased a man accused of stealing his phone, clinging to the suspect’s electric car for about three kilometres before it was stopped by a crowd. Police said the suspect had allegedly ordered 20 cups of coffee as a ruse and was found with three phones, including the victim’s.

Antam Gold Prices Fall by Rp4,000 Today; What Is the Buyback Price?

Antam’s one-gram gold price fell by Rp4,000 to Rp2,537,000 on Wednesday, ending a rise that had continued since the start of the week. Its buyback price also dropped by Rp4,000 to Rp2,307,000 per gram, while income tax applies to purchases and qualifying buyback transactions.

KAI Adds Long-Distance Train Stops in Bekasi, Cikarang and Jatinegara

From 1 December 2026, KAI will add long-distance train stops at Bekasi, Cikarang and Jatinegara under the 2026 train timetable, increasing the number of services at each station. The changes offer passengers in these areas more intercity travel options, as passenger activity at the three stations has grown year on year.

1,200 Participants Join Tour de EnTeTe as First Stage Starts in Belu-Malaka

Some 1,200 students, residents and sports community members took part in the first stage of Tour de EnTeTe 2026, a 15-kilometre walk from Malaka to Belu. The event is part of East Nusa Tenggara’s 86th anniversary celebrations and will include visits to homes earmarked for renovation, schools and places of worship, alongside housing assistance for ten recipients.

Asian Markets Open Mixed as Investors Monitor US Election Results

Asian shares opened unevenly as investors weighed a rebound in US technology stocks against uncertainty over the US midterm elections. Prediction markets pointed to a strong likelihood of Democratic control of both chambers of Congress, while investors considered the potential implications of a so-called blue wave for AI and data-centre stocks.

Building a Global Muslim Alliance, MUI Meets Egypt’s Minister of Awqaf, Dar al-Ifta and Al-Azhar

An Indonesian Ulema Council (MUI) delegation led by deputy chairman KH Cholil Nafis visited Cairo to strengthen global cooperation on Muslim community issues. Talks with Egypt’s Minister of Awqaf focused on Islamic education, scholarships, human-resource development and economic empowerment, with student and educator exchanges also under discussion.

Study Completed as Indonesia Prepares to Build New Oil Storage Facilities for 60-Day Stocks

Indonesia has completed a feasibility study for crude oil storage facilities in Sumatra, intended to support stocks of up to 60 days of imports. The government will assess potential sites later this year, while also advancing bioethanol plans and continuing its mandatory B50 biodiesel programme as part of efforts to strengthen energy security and reduce reliance on fossil-fuel imports.

Crypto Market Turns Volatile Again: Factors to Watch

A global crypto exchange hack involving an estimated US$6.3 billion in stolen assets has renewed concerns over digital-asset security and coincided with falls in Bitcoin and Ethereum. Analysts cited in the report say prices are also being shaped by macroeconomic conditions, monetary policy, liquidity and trading activity, urging investors to manage risk rather than react to short-term volatility.

Gerindra Praises Police Chief for Uncovering Alleged Presidential Wiretapping, Calls for Investigation into Who Ordered It

Gerindra has praised the police investigation into alleged illegal surveillance of President Prabowo Subianto, but says the inquiry must reach beyond the alleged operatives to identify anyone who ordered or financed it. The party has called for a transparent investigation into possible motives and wider involvement, while urging the public not to speculate and to trust law enforcement.

Baswara Institute Praises National Police Chief’s Firm Response to Sukoharjo Controversy

Baswara Institute founder Affandi Affan praised National Police Chief Suyudi Ario Seto for acting quickly over the search of Hamalatul Quran Islamic boarding school in Sukoharjo, which led to the removal of the former Sukoharjo police chief. Affan said the response demonstrated institutional accountability, while stressing that law enforcement must respect procedures, ethics and citizens’ rights.

12 Signs You’re Consuming Too Much Sugar — Don’t Ignore Them

Excessive added sugar can contribute to a range of health concerns, from weight and blood-sugar problems to poor sleep, dental decay and inflammation. Nutrition experts say it can also displace more nutritious foods, while the article lists 12 possible warning signs and explains how sugar affects the body.