Indonesian Political, Business & Finance News

Archive: 4 November 2026

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Electric Vehicle Transition Must Be Matched by Supply Chain Improvements

Civil society coalition Just EV is urging automakers to ensure electric vehicle supply chains meet environmental and human rights standards, particularly in the sourcing and processing of critical minerals such as nickel and cobalt. The coalition also highlights the coal-fired power used in nickel processing and calls for cleaner sourcing, as well as stronger protections for workers and communities affected by mining and industrial development.

Indonesia’s Economy Projected to Grow 5.2%, with Consumption and Investment as Key Drivers

OCBC forecasts Indonesia’s economy will grow by 5.2% in 2026 and remain around 5% over the medium term, supported by household consumption and investment. While robust domestic demand and foreign-exchange reserves underpin the outlook, global geopolitical and trade risks, El Niño and market uncertainty require businesses to manage liquidity and risk carefully.

Bareskrim Yet to Reveal Motive Behind General LSP and Others’ Tapping of President’s Phone

Indonesia’s National Police have not disclosed the motive or intended users behind the alleged illegal interception of telephone communications involving President Prabowo Subianto and other prominent figures. Three active senior police officers, identified by initials LSP, ASN and EH, have been named suspects and are being held as investigators continue their inquiry.

Yusril: Wiretapping the President Is a Serious Matter for the State

Coordinating Minister Yusril Ihza Mahendra said the alleged illegal interception of President Prabowo Subianto was a serious national matter, and that Prabowo had ordered a firm, objective investigation under the law. Police investigators have named three active generals as suspects over alleged unauthorised wiretapping, while another senior officer remains a witness.

North Korea rejects US ‘provocative’ allegations over Binance hack

North Korea has rejected US allegations that it was behind the hacking and theft of cryptocurrency from Binance, calling them a provocation. The FBI says a North Korea-backed hacking group was involved, while Binance’s founder said users’ funds remained safe despite an incident affecting assets valued at US$6.3 billion, according to the company’s initial assessment.

Asked Whether Vice-President Gibran Was Also Wiretapped, Yusril Gives His Answer

Coordinating Minister Yusril Ihza Mahendra said he had no information on whether Vice-President Gibran Rakabuming was targeted in an alleged illegal wiretapping operation. He said investigators were currently pursuing wiretapping and interception offences, with no indication so far of an attempted coup, while the purpose and content of the surveillance remain under investigation.

Unusual Religious Gathering in Southeast Sulawesi: Preacher Delivers 90-Minute Sermon from a Grave

A preacher named Gus Faruq delivered a sermon for around 90 minutes while dressed in a burial shroud and placed in a grave during a regular Nahdlatul Ulama gathering in South Konawe. Organisers say the grave was covered with boards and soil, with only a microphone cable extending outside as he spoke through the burial and subsequent excavation rituals.

Was Indonesia’s Defence Minister Also Targeted by Phone Tapping? Defence Ministry Responds

Indonesia’s Defence Ministry has declined to comment on reports that Defence Minister was among officials allegedly targeted for surveillance by a network linked to former National Police Chief Listyo Sigit Prabowo. The ministry says the matter should be handled by police, who are reviewing the case and conducting the investigation.

UGM Climatologist Comments on Ice Chunk That Crashed Through Bantul Resident’s Roof

A 20-centimetre ice chunk damaged the roof of an empty house in Jodog, Bantul, on Monday morning, despite no rain being recorded at the time. UGM climatologist Emilya Nurjani and the Meteorology, Climatology and Geophysics Agency (BMKG) say its origin remains unclear and requires further investigation; local officials reported no aircraft overhead or nearby ice factory.

€10bn Budget Debate Ends in Deadlock as Belgian Prime Minister Offers to Resign

Belgian Prime Minister Bart De Wever has offered his resignation after his five-party coalition failed for weeks to agree on the 2027 budget, amid efforts to address a €10bn deficit. King Philippe has deferred his decision and will consult coalition leaders, leaving open the possibility of a deal rather than an immediate move to a caretaker government.

Gerindra Politician’s Blunt Response to Listyo Sigit and Others Being Named Suspects in Presidential Tapping Case: ‘It’s Time to Clean House’

Gerindra politician and Deputy Minister of Hajj Dahnil Anzar Simanjuntak said the case against former National Police chief Listyo Sigit Prabowo and two other generals showed that President Prabowo Subianto was applying the law equally, including to powerful figures. He called for a radical clean-up, while lawyer Ferdinand Hutahaean argued the alleged tapping should be investigated further for possible links to an attempted coup against the president or government.

Yusril Says Prabowo Was Aware of Alleged Wiretapping by Listyo Sigit and Others

Coordinating Minister Yusril Ihza Mahendra said President Prabowo Subianto had been informed of an alleged illegal wiretapping operation involving three senior police officers, who have been named as suspects. Yusril described the interception of the president and ministers as a serious national matter and said he had called for an objective investigation and firm legal action.

Yusril Says Bugging of President Prabowo Is a Serious Matter for the State

Coordinating Minister Yusril Ihza Mahendra says alleged surveillance targeting President Prabowo Subianto is a serious national-security issue, with several police officials named as suspects. The government plans to review surveillance practices across law-enforcement and security institutions, stressing that legally authorised interceptions must follow strict procedures.

Listyo Sigit’s Final Day Before Being Named a Suspect in Prabowo Wiretapping Case: What He Did

KSP chief Listyo Sigit Prabowo carried out an inspection at a village cooperative in East Jakarta on 2 November 2026, checking medicine, subsidised goods and staple-food supplies. A day later, police announced that he and two senior officers had been named suspects in an alleged illegal wiretapping case involving President Prabowo Subianto.

Why Did Listyo and Others Tap President Prabowo’s Phone? Yusril Responds

Coordinators for Legal Affairs Minister Yusril Ihza Mahendra says investigators have yet to establish who commissioned the alleged surveillance of President Prabowo or what its purpose was. He urged the public not to treat speculation as fact and said the investigation should determine whether political or foreign actors were involved.

Yusril Asks Whether Foreign Actors Were Behind Alleged Tapping of President Prabowo

Yusril Ihza Mahendra says investigators have yet to establish who ordered or benefited from the alleged illegal interception of President Prabowo and others. He urged the public to let the police investigation proceed, saying it could reveal further suspects, political involvement or even foreign actors, though the government has no evidence confirming such links so far.

Does the Alleged Wiretapping of President Prabowo by LSP and Others Constitute Treason? Yusril Explains

Coordinating Minister Yusril Ihza Mahendra says investigators have found no indication that the alleged wiretapping of President Prabowo Subianto amounts to treason; the case is currently being pursued under provisions on illegal interception. Investigators are still examining what was targeted and why, while Yusril says the suspects’ rights and detention procedures have complied with the law.

Anwar Ibrahim Urges Malaysia to Be on Alert, Cites Israeli Agents in Neighbouring Countries

Prime Minister Anwar Ibrahim said Malaysia’s government agencies and financial institutions would assess the country’s readiness for cyber and geopolitical threats. He also raised concerns about foreign intelligence activity in neighbouring countries, including alleged Israeli-linked groups in Phuket and southern Thailand, and said Malaysia’s security council would brief parliamentarians.

BNPPDT Prepares Infrastructure and Regulatory Solutions to Fast-Track Entikong International Cargo Terminal

BNPPDT is coordinating with government agencies to resolve regulatory, infrastructure and service-governance hurdles delaying the operation of the Entikong International Cargo Terminal. Only one of seven government-built terminals is currently operating, and the agency aims for Entikong to become a model for cross-border trade and stronger links between border communities, production centres and international markets.

From satellites to spaceports, Thailand seeks a bigger role in Asia’s space race

Thailand is pursuing a larger role in the space economy through plans for a spaceport, expanded satellite manufacturing and development of domestic expertise, but attracting investment and building commercial demand remain significant obstacles. The push forms part of a wider Southeast Asian effort to develop space capabilities for economic growth and national security, with regional and international partnerships seen as essential.

Prabowo Orders Police Chief to Take Firm Legal Action After Being Illegally Tapped

President Prabowo Subianto has instructed the National Police chief to pursue firm legal action over an alleged illegal wiretap targeting him, with the investigation to be conducted objectively under the law. Police say three active officers have been named as suspects and detained at National Police headquarters.

Said Iqbal Urges Increase in Tax-Free Income Threshold to Rp7.5 Million a Month, Saying Minimum-Wage Workers Should Not Pay Tax

Said Iqbal has urged the government to raise the personal tax-free income threshold (PTKP) to Rp7.5 million a month, arguing that the current limit no longer reflects wages and living costs. He says exempting minimum-wage earners and reducing taxes on workers’ benefits would ease financial pressure and support domestic spending.

Citi Strengthens Global Business and Targets Opportunities in Indonesia

Citi has refocused its global operations on four core businesses and says Indonesia remains a key market, with opportunities spanning cross-border finance, critical minerals, manufacturing and AI. Although its Indonesian revenue rose to Rp4.11 trillion by September 2026, net profit fell year on year; the bank also points to policy certainty and investor confidence as crucial to unlocking further investment.

As the Transition Season Begins, Bali Residents Urged to Beware of Floods and Landslides

Bali’s disaster agency has urged residents to stay alert to floods, landslides, standing water and falling trees during the transition from the dry to the rainy season. Heavy rain on 2 November triggered landslides in Badung and Bangli, while the meteorological agency warned that unstable atmospheric conditions can bring sudden changes in the weather.

10 Best Companies to Work for in ASEAN: Indonesian Firm Ranks 50th

DHL topped Fortune’s 2026 list of Southeast Asia’s best companies to work for, while Indosat Ooredoo Hutchison was the only Indonesia-headquartered company included, rising nine places to 50th. The ranking draws on confidential surveys of more than 1.3 million employees across 10 countries and highlights the role of workplace culture alongside technology investment in supporting business transformation.

Ahead of Elections, Trump Announces US Aid to Israel Will End

Donald Trump says the United States will stop its annual aid payments to Israel at the end of 2026, citing the country’s economic strength and domestic political opposition to the funding. The announcement raises questions over the future of a 2019–2028 military aid memorandum, which remains in force and requires annual approval by Congress.

Polman Regent’s Office Searched in Rp 4.2bn Clergy Honorarium Corruption Probe

West Sulawesi police searched the Polewali Mandar regent’s office as part of an investigation into alleged corruption involving Rp 4.2 billion in clergy honorarium funds for 2023–2024. Investigators seized financial disbursement documents and have questioned 25 witnesses, including former officials and sub-district heads.

Prabowo’s Response to Alleged Spying by Listyo Sigit and Former Police Chiefs’ Group Revealed by Yusril

Coordinating Minister Yusril Ihza Mahendra says President Prabowo Subianto was informed by the National Police chief about alleged surveillance targeting the president, ministers and other public figures. Yusril says Prabowo instructed the police to investigate, with the case reportedly advancing to the investigation stage and Listyo Sigit named as a suspect.

Defence Minister Urges Territorial Development Battalion Soldiers to Master Combat and Development Skills

Defence Minister Sjafrie Sjamsoeddin told soldiers of the Territorial Development Infantry Battalion 840/Golok Sakti to maintain both core combat skills and their capacity to support local development. He said the battalions, planned across all 514 districts and municipalities, should help local governments and residents, while calling for faster construction of training facilities and reaffirming soldiers’ constitutional and public-service duties.

How do global economic conditions affect state budget preparation?

Global growth, commodity prices, exchange rates, inflation, interest rates, trade and foreign investment can all influence Indonesia’s APBN revenue, spending needs and borrowing costs. The article says that realistic assumptions, ongoing risk monitoring and flexible priorities are essential to keeping the budget sustainable while supporting national development.

Israeli Drone Strikes in Gaza Kill Four, Including Hamas Security Member and Teenager

Israeli strikes in Gaza killed four people, including a Hamas internal security member and a 17-year-old girl, according to local hospitals and Hamas authorities. The attacks come despite a US-mediated ceasefire agreed in October 2025, as Israel says it will continue operations until Hamas disarms; the article reports nearly 1,600 Palestinians have been killed since the ceasefire was announced.

Editorial: Bali Council Member Revives Debate on Legalising Casinos

Bali DPRD member Ajus Linggih has called for an academic review of legalising casinos, arguing that regulated gambling could generate tax revenue for public services and infrastructure while replacing illegal activity. The proposal remains at an early stage and would require scrutiny of its legal, social and economic effects, including safeguards against addiction and protections for vulnerable residents.

Trump’s Move to End US Military Aid to Israel by Year-End Comes as a Shock to Tel Aviv

Israeli military and defence officials say they were caught off guard by Donald Trump’s plan to end US military aid to Israel by the end of this year. The move follows Benjamin Netanyahu’s stated desire to end Israel’s military dependence on Washington, while the specific funding programmes to be cut remain unclear amid heated debate in the United States.

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

Presidential special adviser on labour affairs Said Iqbal has urged the government to set tax on sanitary pads and workers’ Old-Age Security (JHT) withdrawals at zero, while raising the monthly non-taxable income threshold to Rp7.5 million. He also called for the phased abolition of taxes on holiday bonuses, pension benefits and severance pay, arguing that the measures would ease workers’ financial burdens and support purchasing power.

BRAN to safeguard land tenure and protect North Coast fishers

The National Agrarian Reform Agency (BRAN) says land-tenure certainty, fishers’ livelihoods and the rights of long-established coastal communities must be safeguarded as major infrastructure plans move forward along Java’s northern coast. The agency will coordinate with the fisheries ministry and the North Java Coast Management Authority on the proposed 575-kilometre sea wall and a 2025–2028 pond revitalisation programme, aiming to identify land disputes and social impacts early.

China Praises Indonesia’s Agricultural Sector Achievements

China’s agriculture minister Zhang Zhu praised Indonesia’s progress and agreed with Agriculture Minister Andi Amran Sulaiman to deepen cooperation in production, technology transfer and strategic commodities. The proposed partnership includes support for domestic garlic production, investment in processing industries and collaboration on modern farming technologies, as Indonesia seeks to reduce import dependence and increase the value of its agricultural exports.

Scaloni names Argentina squad after Lionel Messi retires

Argentina have named a 28-player squad for two friendlies against Uruguay and Costa Rica during the November 2026 FIFA international window. Lionel Scaloni’s selection includes four goalkeepers, nine defenders, 12 midfielders and three forwards, following Lionel Messi’s retirement.

Americans Head to the Polls to Vote in Midterm Elections

Polling stations opened across the United States for midterm elections in which voters will choose members of Congress, governors and other officials. The contests will determine control of Congress, with Democrats seeking to win at least one chamber to constrain President Donald Trump’s legislative agenda.

Round-up of the Presidential Wiretapping Case: Key Facts Involving Listyo Sigit and Others

Indonesia’s Criminal Investigation Agency has named three people, including former National Police chief and current Presidential Chief of Staff Listyo Sigit Prabowo, as suspects in an alleged illegal wiretapping operation targeting the President and other public figures. Investigators say the interception ran from 2025 to 2026 and bypassed required procedures, with the suspects now detained while another person is being questioned as a witness.

KSP Leadership Changes Hands as Listyo Sigit Becomes Latest Official Caught Up in Wiretapping Case

Newly appointed Presidential Chief of Staff Listyo Sigit Prabowo has been named a suspect in an alleged illegal wiretapping case involving President Prabowo Subianto, only weeks after taking office. The government says it has not discussed a replacement and may appoint an acting chief while the legal process proceeds; the article also traces the KSP’s leadership history, beginning with Luhut Binsar Pandjaitan and Teten Masduki.

Words from His Mother-in-Law Leave Dwi Bagus Weeping at His Wife’s Feet

Dwi Bagus Martono, accused of murdering Dini Hardiyanti and her four-year-old child, reportedly broke down after his wife Martha said her parents had forgiven him. Martha urged him to accept the court’s eventual decision and take responsibility for the killings.

Expert Backs Asset Forfeiture Bill Provisions for Compensating Victims of Investment Scams

Legal expert Hardjuno Wiwoho has backed proposals to use the Asset Forfeiture Bill to recover losses suffered by victims of financial crimes, including investment scams and fraudulent Umrah travel schemes. He says the bill should enable prompt asset tracing and recovery while providing transparent compensation procedures, judicial oversight and safeguards for bona fide third parties.

Telkom’s Data Business Grows 8.3% Through September 2026

Telkom’s Data, Internet & IT Services revenue rose 8.3% year on year to Rp71.5 trillion through September 2026, while net profit fell 3.89% to Rp14.4 trillion amid higher operating costs and other pressures. Growth across consumer, infrastructure and digital businesses was accompanied by continued corporate restructuring and Rp15.7 trillion in capital expenditure; Sucor Sekuritas nevertheless upgraded its recommendation on TLKM shares to ‘buy’.

PT PYFA Reports 17.2% Revenue Growth in Third Quarter

PT Pyridam Farma reported third-quarter 2026 net revenue of Rp2.41 trillion, up 17.2% year on year, supported by its integrated manufacturing operations and CDMO services in Indonesia and Australia. Gross profit and EBITDA improved sharply, while the company’s net loss narrowed; it is also expanding its cardiovascular portfolio and sterile-injection capacity.

Extreme Weather Threatens 21 Regencies and Cities in East Java Over the Coming Week

BMKG has warned that 21 regencies and cities in East Java could face extreme weather between 2 and 9 November, including heavy rain, flash floods, landslides, strong winds, whirlwinds and hail. The agency attributes the risk to atmospheric disturbances, wind convergence and unstable local conditions, and urges residents—particularly in steep and mountainous areas—to remain alert.

Before Listyo Sigit Was Named a Suspect, Oegroseno Said the Former National Police Chief Had Tapped Senior Officers’ Phones

Former deputy National Police chief Oegroseno said senior officers told him their mobile phones were monitored under former chief Listyo Sigit Prabowo, leaving them afraid to communicate with him. The report also says Listyo and two others have been named suspects in an alleged unlawful wiretapping case involving President Prabowo Subianto’s telephone number.

New Zealander Kieren Glasspole Faces Consequences for Alleged Rampage at North Kuta Bar in Bali

A New Zealand man is standing trial in Denpasar over allegations that he damaged a television at a North Kuta bar, causing losses of Rp 5.8 million. Prosecutors say the incident followed a dispute connected to the bar owner; he faces a charge carrying a maximum penalty of two years and six months in prison or a fine of Rp 20 million, but remains at liberty.

Telkom Strengthens Enterprise Business by Acquiring Digiserve Shares

Telkom Indonesia has taken over shares in Digiserve, making it a directly owned subsidiary operating under the legal name PT Telkom Solusi Indonesia from 1 November 2026. The move is part of the company’s TLKM 30 transformation and aims to strengthen its enterprise ICT capabilities, align its portfolio and improve integration of business-to-business services, with no disruption to existing customer agreements or services.

Golkar Praises Bahlil’s Policies Prioritising Regional Businesses and BUMDs

Golkar politician Zigo Rolanda has backed Energy Minister Bahlil Lahadalia’s order for energy and mineral exports to be shipped directly to destination countries, saying this would strengthen Indonesia’s economic sovereignty and ensure export revenues are fully recorded domestically. He also welcomed policies favouring regional businesses, regional-owned enterprises and SMEs in mining permits, alongside measures to manage supply and focus smelters on finished products.

How Listyo Sigit and Others Allegedly Tapped Prabowo’s Phone: Number Entered into LIMS Server

Indonesia’s Criminal Investigation Agency says suspects allegedly used the Lawful Interceptions Management System (LIMS) to tap phone numbers, including one belonging to President Prabowo Subianto, without verification or a law-enforcement basis. Investigators say the alleged activity took place from 2025 to 2026 and are also examining the suspected deletion of interception files in October 2026.