Indonesian Political, Business & Finance News

Archive: 5 November 2026

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Indonesia Steps Up Seafarer Protection at 138th IMO Council Session

Indonesia has called for seafarer protection and safe global shipping routes to be treated as shared priorities at the International Maritime Organization’s 138th Council session in London. It urged respect for international law and freedom of navigation, and called for stronger cooperation, de-escalation and dialogue to protect vital shipping lanes.

DPR Commission III Member Praises National Police Chief General Suyudi for Uncovering Wiretapping Case

DPR Commission III member Sarifuddin Sudding praised National Police Chief Suyudi Ario Seto and the police for investigating alleged illegal wiretapping of President Prabowo Subianto. He called for a transparent, evidence-based inquiry into the alleged roles, motives, financing and use of intercepted information, including claims that former police chief Listyo Sigit Prabowo was involved, and urged investigators to examine possible treason charges.

Bank Danamon Economists Raise 2026 GDP Growth Forecast to 5.35%

Bank Danamon has raised its Indonesian economic growth forecasts to 5.35% for 2026 and 5.26% for 2027, following third-quarter growth of 5.47% year on year. The bank says stronger external conditions and continued public-sector investment have supported the outlook, while domestic demand remains a challenge; export gains are expected to feed more fully into household consumption after about two quarters.

GOTO Shares Remain at Rp 25 Despite Three Consecutive Profitable Quarters: What Is Their Fair Value?

GoTo has reported net profit for three consecutive quarters and adjusted free cash flow of Rp 1.21 trillion in the third quarter of 2026, yet its shares remain at Rp 25. Analyst Azis says the stock trades at a steep discount to peers and argues that cancelling treasury shares and conducting buy-backs could support shareholder value, although sustained growth depends on cost discipline and managing competition and credit risk.

Bahtera Bumi Raya Establishes New Subsidiary, Targets Energy and Mining Equipment Rental Businesses

Bahtera Bumi Raya has established PT Energi Lestari Cemerlang to operate electric-vehicle charging facilities and rent machinery and equipment, including for mining. The listed company owns 99.998% of the subsidiary; it says the capital contribution is not a material transaction and requires neither shareholder approval nor an independent valuation.

IKN Authority Partners with UI and Gunadarma to Strengthen Health Research

The Nusantara Capital City Authority has partnered with the University of Indonesia’s Faculty of Medicine and Gunadarma University to expand health education, research and innovation in the new capital. Initiatives launched at the 2026 Nusantara Health & Academic Summit include a medical research and community empowerment centre, hybrid biomedical science postgraduate programmes, and recruitment for Gunadarma’s 2027/2028 academic year.

Sorong Showcases Two Key Innovations: SiParkir Targets Local Revenue, AMAN Safeguards Food

Sorong Regency has presented SiParkir, a technology-based parking management initiative intended to improve local revenue, alongside AMAN, a programme to strengthen food safety oversight and promote healthy agriculture. At the 2026 Innovative Government Award presentation, officials said the regency had submitted 87 innovations, most of them in public services.

Poland Festival 2026 Showcases AI and Robotics for Education in Bali

The Poland Festival 2026 EdTech & AI Roadshow introduced interactive learning tools, robotics and AI to visitors in Tabanan, Bali. Organisers said the event aims to strengthen young people’s digital literacy and creativity while fostering educational innovation and collaboration between Poland and Indonesia.

At Dr Tifa’s Trial, Jokowi Explains Why He No Longer Wears Glasses

Former president Joko Widodo told an East Jakarta court that his glasses were lost while he was working in Aceh and had not been replaced. He gave the explanation during the trial of Tifauzia Tyassuma, who faces charges relating to allegations that Jokowi’s degree certificate was forged.

Jokowi Shakes Hands with Roy Suryo at the End of Fake-Diploma Allegation Hearing

Former Indonesian president Joko Widodo appeared as a witness for around seven and a half hours in the defamation case arising from allegations that his diploma was forged. After showing his original educational certificates in court, he shook hands with defendant Roy Suryo as the hearing concluded.

Global Oil Prices Forecast to Ease Next Year, with Implications for the Economy

Bank Danamon expects Brent crude to fall to US$85 a barrel in 2027 from about US$95 in 2026, provided geopolitical tensions ease and disrupted supply recovers. Lower crude prices could eventually reduce global inflationary pressure, although the effect on consumer energy prices is likely to be gradual because refining and distribution take time.

North Kalimantan Police Uncover 80 Drug Cases

North Kalimantan Police said they uncovered 80 narcotics cases from September to November 2026, arresting 116 suspects and seizing more than 42kg of methamphetamine alongside other drugs. Police estimate the seized substances could have affected about 840,173 people if they had reached the market, and warned that officers involved in trafficking would face action.

Ancol waives admission fees to let residents visit Floating Mosque

Ancol is offering free admission from 1 to 12 November 2026, giving residents an opportunity to visit the newly inaugurated An-Nur Jakarta Floating Mosque. Online reservations made at least a day in advance qualify visitors for additional dining and shopping discounts, while walk-ins can still enter free but do not receive those benefits.

Bakom chief calls alleged tapping of Prabowo a serious issue, says it could amount to treason

The head of the Government Communications Agency has described alleged illegal wiretapping of President Prabowo Subianto as a serious matter that could amount to treason, calling for a transparent investigation and firm legal action. Police say four people are now suspects and have formed a special team, led by the National Police’s Criminal Investigation Agency chief, to investigate.

Samin Tan accused of laundering Rp18.1 trillion

Prosecutors have charged PT AKT beneficial owner Samin Tan with laundering Rp18.1 trillion and causing Rp17.74 trillion in state losses through alleged illegal coal mining and sales in Central Kalimantan. The indictment says proceeds from coal exports were routed through affiliated companies and nominee-held assets, including land and buildings, to conceal their origin.

Hangzhou Chamber of Commerce Expands Indonesia–China Business Partnerships

The newly inaugurated Hangzhou Chamber of Commerce in Indonesia aims to widen investment and market access, facilitate technology transfer and build links between businesses in both countries. Its launch comes as bilateral trade stands at US$168 billion, with business leaders setting a target of US$200 billion and highlighting digital innovation and higher-value SME manufacturing as priorities.

DPD Group Leader in the MPR Questions MBG and Free Education Budgets

Dedi Iskandar Batubara says Indonesia should examine whether funding for the Free Nutritious Meals programme could be matched by greater investment in free education, while addressing unequal access and education infrastructure. He backs the principle of free schooling through university but says a national policy requires detailed planning, including the full range of costs and fair access for students in disadvantaged regions.

Former Bima City Narcotics Chief Prosecuted for Life Imprisonment

Prosecutors have sought life imprisonment and a Rp1 billion fine for former Bima City Police narcotics chief AKP Malaungi over an alleged conspiracy to traffic methamphetamine. The court is due to deliver its verdict on 20 November 2026; Malaungi may submit a defence before then.

Co-ordinating Ministry Names Bogor a Model for Legal Reform

The Co-ordinating Ministry for Law, Human Rights, Immigration and Corrections has designated Bogor as a model for legal reform after the city scored 99.2, earning an A rating. Its initiatives include the Bale Badami community mediation forum and expanded legal aid posts, which the ministry plans to share with other local governments to support national legal development.

Lumajang Disaster Agency Tightens Monitoring as Semeru Erupts Repeatedly with Pyroclastic Flows

Lumajang’s disaster agency has intensified surveillance of Mount Semeru after four eruptions accompanied by pyroclastic flows on Thursday. No damage had been reported at the time of writing, but officials urged residents in hazard-prone areas to follow official information and safety guidance.

Several Flights in Europe Diverted Following Bomb Threats

More than a dozen flights across Europe were targeted by bomb threats, prompting several aircraft to divert, although searches found no suspicious items. European and national authorities say investigations are continuing and have not yet established whether the incidents are connected or whether they involved a cyberattack.

Joint Team Dismantles 48 Semi-Permanent Structures in North Jakarta’s Kampung Bahari

A joint team has dismantled 48 semi-permanent structures along the railway in Kampung Bahari by the third day of a clearance operation, which Jakarta’s North City Administration expects to complete within about a week. The operation followed a major anti-narcotics raid; some residents have objected while seeking clarity on relocation, and PT KAI has given remaining occupants five days to vacate.

Government Mourns Two Soldiers Killed While Tackling Forest and Land Fires

Coordinating Minister for Political and Security Affairs Dudung Abdurachman has expressed condolences after two Army officers died when a helicopter crashed during a forest-fire response in Central Kalimantan. A third soldier remains missing as search efforts continue; the aircraft had been collecting water for a water-bombing operation near Tanjung Puting National Park.

Maluku BKSDA seizes three protected birds in Ambon

Maluku’s Natural Resources Conservation Agency (BKSDA) seized three protected birds found aboard the passenger ship KM Labobar at Ambon’s Yos Sudarso Port. The seizure is part of joint efforts to curb illegal wildlife transport through the province’s busy sea routes; the agency says offenders could face up to five years in prison and a fine of Rp100 million.

Hotspots Remain in East Kalimantan as BNPB and Australia Deploy Water Bombing

Indonesia’s National Disaster Management Agency (BNPB) and Australia’s NSW Rural Fire Service have launched an aerial operation to tackle persistent forest and land-fire hotspots in East Kalimantan. The seven-day mission, running from 6 to 12 November, will use a Hercules C-130 capable of carrying up to 15,000 litres of water per sortie, alongside a Cessna spotter aircraft and 20 Australian specialists.

Chinese Businesspeople Target Indonesia’s Digital Economy

The newly inaugurated Hangzhou Chamber of Commerce in Indonesia aims to connect businesses in Hangzhou with Indonesian markets, investment opportunities and technology partners. Organisers say the initiative could support trade, technology transfer and job creation, building on bilateral trade that Sudrajat said has reached US$168 billion, with a target of US$200 billion.

OJK asks banks to scrutinise 39,923 accounts suspected of online gambling

Indonesia’s Financial Services Authority (OJK) has asked banks to conduct enhanced due diligence and, where appropriate, block about 39,923 accounts flagged as potentially linked to online gambling. The total is up by 1,127 from the figure reported earlier in October, as authorities widen checks to accounts sharing national identity numbers with suspected gamblers and intensify efforts to disrupt gambling payments and money flows.

Bangli Regency Helps MSMEs Secure Business Permits Through OSS

Bangli Regency is providing guidance and assistance to micro, small and medium-sized enterprises (MSMEs) in Susut District to obtain business permits through the Online Single Submission (OSS) system. Officials say legal permits can provide certainty and improve businesses’ competitiveness and market access, while the regency pledges to make licensing services easier, faster and more transparent.

Husband Returns for Food and Finds Wife Dead in Apparent Suicide

A 53-year-old woman was found dead at a farm hut in Badung, Bali, after her husband briefly returned home to collect food. Police said the circumstances and motive remain under investigation.

Indonesia Promotes Sago Downstreaming to Attract Japanese Investors

Indonesia is seeking Japanese investment and technology partnerships to expand sago processing, following a projected rise in Japan’s share of Indonesian sago starch exports from 2 per cent in 2021 to 14 per cent in 2025. The government sees downstream diversification into food, bio-packaging and bioethanol as a way to increase the commodity’s value, create jobs in sago-producing regions and strengthen food security.

MALIQ & D’Essentials combine album launch with exhibition

MALIQ & D’Essentials have paired the launch of their tenth album, “Kabar Gembira”, with an exhibition in Jakarta running from 29 October to 17 November 2026. The group says the exhibition will tell its story more fully, while Sony Music Entertainment Indonesia sees the partnership as supporting the band’s creative development and business opportunities.

Indonesia highlights cyber threats at ASEAN-Korea tourism forum

Indonesia’s Tourism Ministry warned that cyberattacks and technical failures could disrupt airport systems, expose tourist data and delay travel as tourism services become increasingly digital. It stressed the need for early risk planning, data protection and coordination among government agencies, including the Communications and Digital Affairs Ministry and BSSN.

Indonesia develops integrated poultry industry to strengthen food security

Indonesia is developing an integrated, technology-led poultry industry to improve competitiveness and support national food security, with Danantara Indonesia prioritising commercial viability and returns on investment. A facility in Malang, East Java, is scheduled for completion in May 2027 and is intended to set a benchmark for the wider industry.

Semarang Named Indonesia’s and Provincial Best City at GM-DTGI 2026

Semarang received both the national and provincial Best City honours at the 2026 Gadjah Mada Digital Transformation Governance Index (GM-DTGI). Mayor Agustina Wilujeng said the recognition should spur further work on integrated data, staff capability and public data security, with digital services judged by their benefits to residents.

Malang Police Prepare for Disasters, Placing 800 Personnel on Standby

Malang Police have placed 800 personnel on standby across Malang Regency as the rainy season brings risks including landslides, wind damage and flooding. The police, local government, military, emergency services and volunteers say they are coordinating patrols, equipment and evacuation plans, with vulnerable residents to receive priority assistance.

BOSF and East Kalimantan BKSDA Release Three Orangutans into Kehje Sewen Forest

The Borneo Orangutan Survival Foundation and East Kalimantan’s Natural Resources Conservation Agency released three rehabilitated orangutans into Kehje Sewen Forest, bringing the forest’s orangutan population to 156. A fourth animal’s release was postponed after it developed diarrhoea; conservation teams will monitor the released orangutans closely during their critical first months in the wild.

Devexperts Brings Industry Leaders Together to Discuss the Future of Indonesia’s Capital Market

Devexperts hosted more than 30 capital-market figures in Jakarta to discuss investor confidence, market integrity and the technology infrastructure needed to support the sector’s next phase of growth. The company said its DXtrade multi-asset platform received regulatory approval in August 2026, positioning it to support Indonesian brokers as the market develops.

Forensic Laboratory Collects Evidence from Blast That Injured Five Seriously in West Jakarta

Indonesia’s forensic laboratory team is collecting evidence, including a suspected gas cylinder, after an explosion in West Jakarta injured 12 people, five of them seriously. The blast damaged 10 homes; local authorities say they will provide logistical assistance to those affected over the coming week.

East Seram Regent Signs Agreement to Invest in Sago Factory

East Seram Regent Fachri Husni Alkatiri has signed a business agreement with PT Inovasi Nusantara Lestari to build and develop a sago factory in the regency. The investment is intended to develop the industry from cultivation through processing, increase local value added and employment, and support sustainable, inclusive growth.

89% of Companies Rethink AI Use Cases as Costs Surge

A Cloudera report says 89% of companies worldwide have restricted or redesigned AI use cases as rising token consumption pushes up costs, while data residency and sovereignty requirements influence where AI workloads run. In Indonesia, investment is increasing, but governance, skills shortages and data integration remain obstacles; many organisations are turning to hybrid or multi-environment infrastructure.

West Java’s Economy Grows 5.89% in Third Quarter of 2026, Outpacing National Growth

West Java’s economy expanded by 5.89% year on year in the third quarter of 2026, exceeding Indonesia’s national growth rate of 5.47%. Government consumption was the fastest-growing expenditure component, while imports rose faster than exports, contributing to a 7.73% contraction in the province’s net exports.

Vantage Markets Expands Its Investment Business into Indonesia

Vantage Markets is expanding into Indonesia through the establishment of local entity PT Vantage Markets Futures, focusing initially on global trading instruments including gold. The company says it will invest in local teams, customer services and investor education, and states that it has obtained licences from Bappebti, the OJK and Bank Indonesia.

Three TNI Soldiers Killed After Helicopter Crashes During Forest Firefighting Operation

A TNI Army Mi-17V5 helicopter crashed while collecting water for a forest and land-fire suppression mission in Central Kalimantan, killing three soldiers and injuring five others. Two of the deceased have been buried with military honours, while search and evacuation teams continue efforts to recover the third soldier and locate the helicopter’s black box to determine the cause.

KONE Named Among Asia-Pacific’s Best Employers in TIME and Statista’s ‘Best Employers 2027’ List

KONE ranked 15th among 500 companies in TIME and Statista’s Asia-Pacific Best Employers 2027 list, and first in the Engineering and Manufacturing category. The ranking was based on independent research and recommendations from more than 80,000 employees, while KONE says it continues to invest in leadership development, career dialogue and an inclusive workplace culture.

Vantage Markets Expands Its Investment Business into Indonesia

Vantage Markets is expanding into Indonesia through the establishment of local entity PT Vantage Markets Futures, with plans to develop services, strengthen its domestic team and provide investor education. The company says it has secured permits from Bappebti, the Financial Services Authority (OJK) and Bank Indonesia, and intends initially to offer global trading instruments including gold.

Cyclists Ride 1,000 Kilometres to Show Support for Palestine

Thirty cyclists have set off from Surabaya on a roughly 1,000-kilometre ride to Jakarta as part of Ride for Palestine 3. The journey is intended to express solidarity with Palestinians and keep public attention focused on their campaign for independence.

Keeping Indonesia United Through Stronger National Values, Intellectualism and Cross-Sector Collaboration

Social Affairs Minister’s special staff member Fuji Abdul Rohman has called for Indonesia’s unity to be strengthened through national values, intellectual engagement and cooperation across government and society. Speaking at a discussion in Jakarta alongside Deputy Minister for the Protection of Indonesian Migrant Workers Dzulfikar Ahmad Tawalla, he said youth leadership and public service should serve the wider public interest.

Jakarta Council Proposes More Facilities at Cornel Simanjuntak Park

A Jakarta Regional Council member has urged East Jakarta Municipality to revitalise Cornel Simanjuntak Park, citing its heavy use by residents throughout the day. Proposed additions include toilets, a breastfeeding room, improved sports facilities and a children’s play area, aimed at making the park more comfortable and family-friendly.

Trump’s Allies Suffer Heavy Defeat in US Midterm Elections: What Does It Mean for the World?

A sweeping Democratic victory that gives the party control of Congress has left President Donald Trump facing pressure from within the Republican Party and sharply constrained at home. The result could also reshape US policy on Iran, Ukraine, China and Taiwan, while weakening Trump’s ability to pursue legislation and tariffs without congressional support.

Pluit Zone 1 Wastewater Treatment Plant to Bring Major Benefits to Residents, City Says

Jakarta’s Pluit Zone 1 wastewater treatment plant is about 76 per cent complete, with completion targeted for September 2027. The Rp7.7 trillion project is expected to serve around one million people across three Jakarta areas, helping improve wastewater management and support a sustainable supply of clean water.