Indonesian Political, Business & Finance News

Archive: 5 November 2026

Showing 751-800 of 1,658 articles

Household Consumption Growth Eases, BPS Explains Why

Indonesia’s economy grew 5.47 per cent in the third quarter of 2026, with household consumption remaining its largest growth driver despite easing slightly from the previous quarter. BPS attributed the quarter-on-quarter moderation in consumption’s growth and GDP share largely to seasonal factors, while government consumption grew 8.95 per cent, supported by higher personnel and goods-and-services spending.

Creative and Economically Valuable: How Jomblang Residents Turn Garment Offcuts into Beautiful Crafts

Semarang City Government held a free patchwork workshop in Jomblang to help residents, including homemakers, PKK cadres and small-business owners, develop craft-making skills. The initiative aims to create economic value from textile waste while reducing waste generated by the garment industry.

India flags Chinese-linked AI tools in hacking campaign against financial firms

India’s cybersecurity agency has identified four publicly available AI tools used by a hacking group targeting non-bank lenders, fintech firms and cryptocurrency exchanges, warning that the attacks remain active. While at least two tools have been linked by researchers to China, the agency did not identify the attackers’ sponsors or the companies affected; recent breaches highlight growing cybersecurity risks for India’s financial sector.

East Kalimantan Food Agency Urges 10 Regions to Issue Food Waste Circulars

East Kalimantan’s Food, Food Crops and Horticulture Agency has urged all 10 regencies and cities in the province to issue circulars on handling surplus food; six have done so, while four are being encouraged to act. A partnership involving Nutrifood, Samarinda’s National Zakat Agency (BAZNAS) and the provincial agency will organise the collection and distribution of safe surplus food to people in need, supported by a digital reporting platform.

Nine Constitutional Court Judges Who Heard Gibran Diploma Challenge Did Not Breach Ethics, Says Ethics Council

The Constitutional Court’s Honour Council (MKMK) rejected a complaint alleging that nine judges breached ethical rules while hearing a challenge concerning Vice-President Gibran Rakabuming Raka’s educational qualifications. In its ruling, the council said courts around the world are often drawn into political disputes, but warned that the real concern would be if courts were influenced by political manoeuvring.

Communications Ministry says data connectivity will make public services more efficient

The Communications and Digital Ministry says connecting data across government agencies will reduce repetitive administrative processes and improve public services. Minister Meutya Hafid stressed that interoperability does not require centralising databases, and that agencies will retain responsibility for the quality and management of their own data.

Co-ordinating Minister AHY: Resilient Infrastructure Must Be Built on Strong Foundations

Co-ordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono says resilient infrastructure depends on strong technical and institutional foundations, as well as physical construction. He called for safe, sustainable investment and co-ordinated policies to help Indonesia address future risks and achieve its Golden Indonesia 2045 vision.

Two Villages in SBD Clash over Burial Dispute; One Man Hacked to Death

A dispute over a grave marker escalated into a clash between residents of two villages in Southwest Sumba, leaving one man dead. Police have arrested three suspects, are searching for two others and say they plan to upgrade the case to a formal investigation.

Amran Offers Good News for Maize Farmers and Poultry Breeders: What Is It?

Agriculture Minister Amran Sulaiman says the government will link maize farmers, poultry breeders, cooperatives and state-owned logistics company Bulog in a supply system designed to stabilise feed availability and prices. The plan includes storing surplus maize for use during shortages, alongside Rp3.7 trillion in support, subsidised maize distribution and purchases of eggs from small-scale breeders.

Khatib Academy Strengthens Jakarta Preachers’ Professionalism and Skills

Kumpulan Da’i Muda (Kudama) has inducted more than 100 participants and new preachers after nearly three months of training through its Khatib Academy programme. The initiative combines religious instruction with sermon delivery and public-speaking skills, aiming to prepare young preachers to communicate effectively and promote a calming approach to preaching.

Global Economy Looks Gloomy: Latest Forecast for Indonesia’s Financial Services Sector

The Financial Services Authority (OJK) has revised its growth outlook for several financial services segments amid heightened global uncertainty, geopolitical conflicts, higher energy prices and inflation. Insurance and guarantee services are forecast to grow by 2%–4%, while pension funds are expected to expand by 4%–6%; financing receivables are also projected to rise by 2%–4%.

Trade Minister Treats Mataram Residents to Fish and Cooking Ingredients at Kebon Roek Market

Trade Minister Budi Santoso bought fish, shallots, garlic, chillies and other food items at Kebon Roek Market in Mataram and handed them out free to shoppers. While residents welcomed the giveaway, some traders said the crowds exceeded the amount paid for their goods, leaving one fish seller fearing he had made a loss.

Pegadaian Opens The Gade Creative Lounge at UIN Siber Syekh Nurjati Cirebon to Support Education

PT Pegadaian has donated and opened a The Gade Creative Lounge at UIN Siber Syekh Nurjati Cirebon as part of its social and environmental responsibility programme. The company says the facility will support student collaboration and creativity while promoting financial literacy, inclusive entrepreneurship and social innovation.

Two Indonesian Army soldiers killed in helicopter crash

Two Army personnel were killed when an Mi-17V5 helicopter crashed into waters in Central Kalimantan during a forest-firefighting mission; five crew members survived and another was awaiting evacuation amid high water levels. The aircraft had been supporting water-bombing operations in Tanjung Puting National Park.

Agriculture Minister Amran Sulaiman reallocates Rp3.7 trillion to support livestock farmers

Agriculture Minister and National Food Agency chief Andi Amran Sulaiman said the government has redirected Rp3.7 trillion to support livestock farmers and maize growers. The funds, shifted from spending deemed non-essential, are intended to strengthen the livestock sector’s supply chain, including feed supplies and the uptake of farmers’ produce.

Judge Reprimands Roy Suryo’s Lawyer for Pointing at Prosecutor During Jokowi Testimony

A heated exchange broke out at the East Jakarta District Court during former president Joko Widodo’s testimony in Roy Suryo’s alleged fake-diploma case. The presiding judge reprimanded Suryo’s lawyer, Refly Harun, for shouting and pointing at a prosecutor, while reminding him that it was the prosecution’s role to prove the elements of the charges.

Indonesia’s Stock Market Is in ‘Detox’ Mode, OJK Says Correction Serves a Purpose

Indonesia’s Financial Services Authority (OJK) described the stock market’s sharp October decline as part of a healthy adjustment aimed at improving price formation and strengthening the market over the long term. It is accelerating reforms to restore investor and issuer confidence, while monitoring liquidity and imposing record fines for violations.

Poultry Companies’ Profits Soar: Which Is More Profitable, JPFA or CPIN?

Most of Indonesia’s listed poultry companies reported higher revenue in the first nine months of 2026, although profit performance varied. CPIN and JPFA led in net profit and revenue, while growth in demand linked to the Free Nutritious Meals programme could create further opportunities for poultry and feed suppliers.

Thirty Drug Cases Uncovered in Lebak in Three Months, 44 Suspects Arrested

Lebak Police say they have uncovered 30 cases involving narcotics, psychotropic substances and the illicit sale of pharmaceutical preparations and prescription medicines over the past three months, arresting 44 suspects. Investigators are continuing to trace the networks and sources of the seized drugs, while urging residents to report illegal activity.

Police to Question Those Responsible for Illegal Gold Mining in Poso

Poso police plan to question those responsible for illegal gold mining in Dongi-Dongi after a landslide killed two people on Monday night. Investigators have collected evidence and witness statements, and say they will pursue legal action against the unlicensed operation.

National Police Chief Says Listyo Sigit Wiretapping Case Is Solely Law Enforcement

National Police Chief Suyudi Ario Seto said the investigation into alleged illegal wiretapping of President Prabowo Subianto by former police chief Listyo Sigit Prabowo is purely a law-enforcement matter, not the result of internal rivalry. Police have named three people as suspects in allegations of illegal wiretapping, electronic data deletion and unlawful access.

Bank Sampoerna Posts Rp36.16 Billion in Pre-Tax Profit Through Third Quarter

Bank Sahabat Sampoerna reported pre-tax profit of Rp36.16 billion through September 2026, up 104.18 per cent year on year, while more than half of its Rp9.98 trillion loan book supported MSMEs. The bank also reported improved asset quality and strong growth in its bank-as-a-service digital business, which generated Rp150.47 billion in revenue.

Indonesia’s Economy Grows 5.47% Amid Global Turmoil, Airlangga Explains

Indonesia’s economy expanded 5.47% year on year in the third quarter of 2026, which Coordinating Minister for Economic Affairs Airlangga Hartarto said demonstrated resilience despite global headwinds including volatile oil prices, high US interest rates and El Niño. Household consumption and government spending supported growth, while investment reached Rp528.7 trillion and manufacturing expanded 5.8%.

Danantara targets December 2026 ground-breaking for ‘smart city’ project

BP BUMN and Danantara aim to begin construction of 12 future-city areas in December 2026, with initial master planning focused on Walini, Batang and Medan. Preparations include securing land and assembling experienced project teams, while Tuban and Subang are also being considered for development.

It Rained, So Why Is Yogyakarta Hot Again? BMKG Explains

Yogyakarta has turned hot again after brief rain last week, which the Meteorology, Climatology and Geophysics Agency (BMKG) attributed to a short-lived atmospheric disturbance. The agency says conditions have returned to normal and forecasts the rainy season to begin in the region no earlier than 21 November 2026.

Lestari Urges Stronger Prevention of Violations in Academic Ability Tests

MPR Deputy Speaker Lestari Moerdijat has called for systematic preventive measures after suspected violations were reported at 308 schools during the first round of Indonesia’s Academic Ability Test (TKA). She says stronger oversight, technology and infrastructure, and a school culture of honesty are essential to protect assessment integrity and ensure its results can guide education policy effectively.

Samin Tan Accused of Causing Rp17.7 Trillion in State Losses

Mining businessman Samin Tan has been charged with corruption over the management of coal mining in Murung Raya, Central Kalimantan, allegedly causing state losses of Rp17.74 trillion. Prosecutors say his company continued mining, transporting and selling coal after its mining agreement was terminated in 2017, and that Tan benefited from the activities through a network of companies.

Working Committee Agrees to Rename Asset Forfeiture Bill

The House of Representatives’ Working Committee and the government have agreed to rename the draft asset-forfeiture law, specifying that it covers corruption and other criminal offences. Lawmakers said the scope of “other criminal offences” would be detailed in the bill’s main provisions, with Parliament aiming to pass it this November, ahead of its previous 15 December 2026 target.

Police Arrest Owner of Counterfeit Money Left Over from 2024 Election: Intended for Protest

Lampung police have arrested a man suspected of owning Rp980 million in counterfeit banknotes, after previously detaining an alleged courier at Bakauheni Port. Investigators say the suspect claimed the notes were left over from activities connected to the 2024 election, while a separate 2026 shipment was allegedly ordered for use at a protest; police are investigating the source and any wider network.

KAI President Director Visits Presidential Palace on Thursday Afternoon

PT Kereta Api Indonesia President Director Bobby Rasyidin visited the Presidential Palace after being summoned by Cabinet Secretary Teddy Indra Wijaya, but said he did not know what would be discussed. The visit comes as President Prabowo Subianto has tasked KAI and the Transport Ministry with developing railway networks across Sumatra and, subsequently, Kalimantan.

How Indonesian fishermen become trapped in forced labour at sea

Research and survivor testimonies describe how deceptive contracts, recruitment debts, withheld wages and threats can trap Indonesian fishermen in forced labour aboard foreign vessels. Indonesia has ratified ILO Convention No. 188, which sets standards for contracts, rest, medical care and safety on fishing vessels, and is strengthening recruitment oversight and complaint mechanisms.

PNM and ABPEDNAS Join Forces to Strengthen Financial Literacy and Promote Economic Empowerment in Villages

State-owned microfinance institution PNM has signed an MoU with the National Association of Village Consultative Bodies (ABPEDNAS) to expand financial literacy and support village-based economic empowerment. The partnership will map local potential, mentor business groups and provide legal-awareness support, with a particular focus on enabling women to drive household and community economies.

Hajj Visas for 2027: Ministry Prepares Dozens of Document Support Staff

Indonesia’s Ministry of Hajj and Umrah is preparing dozens of support staff to process pilgrims’ documents and visa applications for the 1448 H/2027 Hajj. Officials warn that even pilgrims who meet health and payment requirements cannot travel if their documents contain missing or inaccurate information.

South Jakarta Trains PKK and RPTRA Managers in Growing Rice in Water Jugs

South Jakarta’s Food Security, Marine and Agriculture Sub-agency has trained PKK officials and RPTRA managers to grow rice in reused water jugs, offering a way to produce food in space-constrained urban areas. The training is preparation for a city-wide simultaneous planting campaign on 12 November 2026, with organisers urging participants to maintain the crops through to harvest.

East Java Nahdlatul Ulama and Police Prepare ‘Jogo Pondok’ Partnership

East Java’s Nahdlatul Ulama regional board and provincial police are preparing a ‘Jogo Pondok’ initiative to prevent and respond to bullying in Islamic boarding schools. The proposed partnership includes prevention training, paralegal support for victims and post-incident recovery with psychologists and police units; NU also hopes for police support at a major youth gathering planned for January 2027.

Muhammadiyah Cadre Fuji Abdul Rohman Calls for National Unity: ‘Unity Is Our Identity’

At the Indonesia Future Leader #2 forum in Jakarta, Social Affairs Minister’s Special Staff member Fuji Abdul Rohman and Muhammadiyah Youth leader Dzulfikar Ahmad Tawalla stressed that unity should be a defining national value. They also underscored the role of intellectualism in youth movements and called for cooperation between local and central government to safeguard national sovereignty and advance social justice.

Bulog distributes 180 tonnes of subsidised maize to poultry farmers in Blitar

Bulog and the National Food Agency have distributed 180 tonnes of maize under the Food Supply and Price Stabilisation (SPHP) programme to support small-scale layer farmers in Blitar, East Java. The government is also arranging phased purchases of eggs worth Rp30 billion through Bulog and ID FOOD, aiming to reduce farmers’ feed costs and ensure their produce is absorbed.

BPS: Indonesians’ Annual Spending Reaches Rp13.36 Million per Capita in 2026

Indonesia’s adjusted real annual expenditure per capita reached Rp13.368 million in 2026, according to Statistics Indonesia (BPS). The figure accompanied an increase in the Human Development Index to 76.59, with life expectancy and education indicators also improving.

Video: New Multifinance Player’s Strategy for Targeting the Heavy Equipment Market

Sany Indonesia Finance has received a business licence from the Financial Services Authority (OJK), allowing it to enter Indonesia’s multifinance sector. The company will focus on financing for heavy equipment and construction, supporting Sany Group’s wider business ecosystem and expanding access to funding for local businesses.

Indonesia’s Economy Surges, So Why Are Many People Still Complaining? BPS Explains

Indonesia’s economy grew by 5.47% year on year in the third quarter of 2026, but Statistics Indonesia (BPS) says the headline figure does not reflect conditions across every sector or community. BPS official Moh Edy Mahmud said people dependent on slower-growing sectors may still feel economic pressure, and more detailed data are needed to understand the experiences of particular groups and regions.

OJK Urges MNC Bank (BABP) to Resolve Customer Issues Promptly

The Financial Services Authority (OJK) says it has asked MNC Bank to resolve customer complaints and ensure customers receive their entitlements, while assessing the bank’s liquidity, cash-flow management and ability to meet its obligations. The regulator says the bank remains adequately capitalised and is monitoring the situation after reports on social media that customers faced difficulties withdrawing or transferring funds.

Indonesia Sees Rise in Employment in August 2026

Indonesia’s employed population rose by 1.44 million year on year to 147.99 million in August 2026, while the labour force expanded to 155.37 million. The unemployment rate edged down to 4.75 per cent, although the labour force participation rate declined to 70.33 per cent; agriculture remained the largest employment sector.

Mitigating and Aggravating Factors in Hery Susanto’s Five-Year Prison Sentence

Ombudsman member Hery Susanto has been sentenced to five years in prison for accepting bribes worth Rp3.87 billion, including cash and a house, in a case linked to nickel-mining business governance. The court cited his lack of prior convictions and family responsibilities as mitigating factors, while noting that he had not promoted clean government and was evasive during proceedings.

Asked by Roy Suryo’s Lawyer About the Names Mulyono, Purwoko and Jack, Jokowi Gives His Answer

Former president Joko Widodo told a court that Mulyono was his childhood name, but denied using other names such as Purwoko or Jack. In the trial over alleged defamation linked to claims that Jokowi’s university diploma was forged, he said he had never shown Roy Suryo the physical diploma and argued that those making accusations should prove them.

Technology Integrated into Travel Life: JETOUR Maps Out a New Vision for Future Mobility

At its 2026 Global Technology Experience Day, JETOUR presented technologies including an automotive large model, autonomous mobility systems, robots and solar-storage-charging solutions, highlighting applications in vehicle interaction, mobility and energy. The company says it is developing these capabilities alongside hybrid, four-wheel-drive and electric technologies to serve varied travel needs and support more intelligent, efficient and lower-emission mobility.

Disruption Leaves More Than 2.6 Million Cubans Without Access to Water

More than 2.6 million people in Cuba have been affected by disruptions to piped water supplies, with Havana recording the highest number of cases. Officials cited ageing infrastructure, inadequate maintenance and the energy crisis, while plans include solar power plants to support the capital’s water sources.

DPR to ‘Get Straight on’ Wiretapping Bill Once Asset Forfeiture Bill Is Complete

Commission III chair Habiburokhman says the House of Representatives will push ahead with a Wiretapping Bill after completing legislation on asset forfeiture. The proposed law is intended to regulate surveillance more strictly and protect the public from illegal wiretapping, following recent allegations that lawmakers were also targeted.

NOC Indonesia Strengthens Collaboration with ITTF to Host WTT Youth Events in Bali in 2027

NOC Indonesia is working with the International Table Tennis Federation to stage the WTT Youth Contender and WTT Youth Star in Bali in November 2027. The events are expected to give young Indonesian players international competition experience and ranking points, as the ITTF backs efforts to develop the sport and strengthen its governance in Indonesia.

Sinar Mas Land and Sumitomo Forestry Partner with Kipinä Kids to Bring Early Childhood Education to Kota Wisata Ecovia

Sinar Mas Land and Sumitomo Forestry have partnered with Kipinä Kids Indonesia to open an internationally oriented preschool and kindergarten at Kota Wisata Ecovia, Cibubur, in 2027. The facility forms part of a wider effort to develop the 156.5-hectare township with services for families, while Kipinä will offer an early-years curriculum inspired by Finland’s education system.

Jokowi’s Testimony Challenges Roy Suryo’s Allegations: ‘I Felt Insulted’

Former president Joko Widodo testified in East Jakarta District Court in cases related to allegations that his university degree was forged, describing when he first saw the claims and how he decided to seek legal advice. He said the allegations escalated, particularly in 2024 and 2025, and that videos and a post on X prompted him to pursue the matter.