Indonesian Political, Business & Finance News

Archive: 5 November 2026

Showing 1,101-1,150 of 1,658 articles

Trade Minister urges NTB SMEs to break into export markets

Trade Minister Budi Santoso says local small and medium-sized enterprises (SMEs) in West Nusa Tenggara have strong export potential, and pledged support through buyer-matching, export training and product-development programmes. He also acknowledged that logistics constraints mean exports still have to be routed through other regions, while Indonesia’s exports grew 5.58% in January–September and the country recorded a US$10.5 billion trade surplus.

Roy Suryo Laughs as Jokowi Shows His Certificates to Court Visitors

Former Indonesian president Joko Widodo displayed his school and university certificates to visitors during testimony in the defamation case brought against Roy Suryo over allegations that Jokowi’s diploma was fake. Jokowi said the claims had damaged his and his family’s reputation and weakened public trust, while prosecutors have charged Suryo under criminal and electronic-information laws.

KDM: Presidential wiretapping case is an opportunity to strengthen equality before the law

West Java Governor Dedi Mulyadi says the investigation into alleged illegal wiretapping of President Prabowo Subianto and other public figures should reinforce equal treatment under the law. He urged state bodies to use their interception powers only within legal limits; police have named three senior officers as suspects over alleged unlawful surveillance and related offences.

Mount Karangetang in North Sulawesi Erupts Again, Sending Ash 800 Metres into the Air

Mount Karangetang on Siau Island erupted, producing an ash column about 800 metres above the crater, while lava flows and avalanches posed hazards across several surrounding river valleys. The volcano remains at Level II (Alert), and authorities have urged residents and visitors to keep clear of designated danger zones and prepare for potential lahars and flash floods.

Disasters Hit Indonesia: Fire in Morowali, Floods in Aceh and Water Crisis in Klaten

Indonesia is facing a combination of disasters, with a land fire in North Morowali, drought-related water shortages in Klaten and flooding in South Aceh. The National Disaster Mitigation Agency (BNPB) has urged local authorities and residents to strengthen preparedness as the country moves towards the wet season.

BBG Begins Transporting East Java Gas to West Java via the Cisem Pipeline

PT Bayu Buana Gemilang has begun transporting 3 million standard cubic feet of natural gas per day from East Java to meet its customers’ needs in West Java, using the Cirebon–Semarang pipeline network. The flow also supports commissioning of the Batang–Kandang Haur Timur section, part of the Cisem II transmission pipeline, and highlights the role of interconnected infrastructure in moving domestic gas supplies across Java.

Pramono Denies Jakarta Is on Highest Alert: ‘We’re Holding Our Meetings as Normal’

Jakarta Governor Pramono Anung Wibowo has denied reports that the capital has been placed on the highest alert, saying the provincial government has received no notification. He said he would have been consulted if such a status had genuinely been imposed.

Danantara prepares a modern, technology-driven poultry industry

BP BUMN and Danantara are developing an integrated poultry industry using modern technology, with the aim of setting a new benchmark for Indonesia’s national sector. The initiative prioritises operational quality and returns on investment; a facility in Malang is targeted for completion in May 2027 as part of the Integrated Chicken Downstreaming Project.

Industry Minister Urges Stronger Indonesian Sago Starch Exports to Japan

Industry Minister Muhammad Sarmuji is seeking to expand Indonesian sago starch exports to Japan through downstream processing, investment and industrial partnerships. Indonesia’s share of Japan’s sago starch imports rose from 2% in 2021 to 14% in 2025, while officials say there is scope to grow supply and develop higher-value products.

Indonesian parties weigh parliamentary inquiry into vice-president’s education credentials

Several Indonesian parties are considering parliamentary action over court rulings that Vice-President Gibran Rakabuming Raka’s foreign high-school credentials did not meet domestic requirements for vice-presidential candidates. The debate is unfolding amid a widening rift between President Prabowo Subianto and former president Joko Widodo, with parties also citing public dissatisfaction and a wiretapping scandal.

Sherly Proposes Changes to General Allocation Fund Formula

North Maluku Governor Sherly Tjoanda has called for changes to the formula used to distribute the General Allocation Fund (DAU), arguing that the province’s rapid economic growth has not been matched by growth in its regional budget. She cited infrastructure and service needs across agriculture, fisheries, education and healthcare, including roads, ports, cold storage, electricity and clean water.

Jokowi Says He Was Insulted and Humiliated by Fake-Diploma Allegations, with Family’s Reputation Also Tarnished

Former president Joko Widodo told a court that allegations that he used a fake diploma had damaged his and his family’s reputations and left him feeling insulted and humiliated. He cited a survey suggesting 18 per cent of Indonesians believed the allegations, equivalent to about 34 million people, as he testified in a defamation case against Roy Suryo.

Jokowi Says He Had a Thin Moustache and Wore Glasses When He Graduated from UGM

Former president Joko Widodo testified in the trial of Roy Suryo, who is charged in a case involving allegations that Jokowi’s university diploma was forged. Jokowi described his appearance at graduation and said he earned an A in his final thesis examination in 1985, later making minor revisions before having the cover and approval page printed.

Expert: Prolonged Downgrading of Lifestyle Could Harm the Economy

Telkom University economist Dadan Rahadian says households are cutting spending and switching to cheaper goods amid economic uncertainty. While such thrift may be rational for individuals, if widespread and prolonged it could reduce other people’s incomes and weigh on the national economy, reflecting Keynes’s paradox of thrift.

Xinhua Welcomes ANTARA’s Active Participation in World Media Summit

Xinhua President Fu Hua welcomed Indonesian news agency ANTARA’s active participation in the seventh World Media Summit, scheduled to take place in Beijing from 5 to 9 November 2026. The meeting highlighted decades of cooperation between the two agencies and their plans to strengthen media exchanges, with the summit bringing together nearly 500 delegates from 112 countries and territories to discuss issues including artificial intelligence and global media.

KPK Questions Bengkulu Public Works Chief in Rejang Lebong Regent Case

Indonesia’s Corruption Eradication Commission (KPK) has questioned Noprisma, head of Bengkulu City’s Public Works and Spatial Planning Department, as a witness in an investigation linked to the case involving Rejang Lebong Regent M Fikri Thobari. The probe follows Fikri’s arrest over an alleged Rp1.7 billion project-bribery scheme and a separate investigation into alleged corruption in Bengkulu City procurement, including scrutiny of assets received by city councillor Vinna Ledy Anggraheni.

Foreign Investors Snap Up BBCA, TLKM and Other Shares as JCI Rises

Foreign investors recorded net purchases of Rp72.93 billion across the market during the first trading session on Thursday, as the Jakarta Composite Index (JCI) rose 1.96% to 5,016.18. Bank Central Asia led the list of foreign buying, followed by Telkom Indonesia and Amman Mineral, with banking, telecoms, mining and energy stocks among the most sought-after shares.

Indonesia welcomes Australian support to tackle fires in Kalimantan

Australia will send two aircraft and 20 firefighting personnel to East Kalimantan from 6 to 12 November 2026 to help combat forest and land fires. The deployment follows joint assessments by Indonesia and Australia, with the C-130 tanker capable of dropping up to 15,000 litres of water per sortie.

MSME Ministry and PNM Prepare 8% Interest Loans for Disadvantaged Women, Allocate Rp2.62 Trillion in Subsidies

The MSME Ministry and state-owned lender PNM are set to launch subsidised financing for disadvantaged women under the Kredit Perempuan Prasejahtera programme, with a flat annual interest rate of 8%. The government has earmarked about Rp2.62 trillion for interest subsidies in 2026, initially targeting 1.6 million borrowers before expanding the programme to 14 million recipients from 2027.

Expert Praises DPD’s Performance, with 150 Bills and 270 Opinions Produced

Regional autonomy expert Djohermansyah Johan has praised the Regional Representative Council (DPD) under Sultan Bachtiar Najamudin, highlighting its legislative output and oversight work. He said the council must ensure its draft bills lead to enacted laws and that its work has a direct impact on the public, while also strengthening parliamentary digitalisation across the regions.

Rupiah Weakens Against US Dollar, Making Overseas Education More Expensive

The rupiah’s depreciation against the US dollar, alongside annual tuition inflation of 3–6 per cent, is increasing the cost burden on Indonesian families planning to educate children abroad. Based on the exchange rates cited, converting a US$50,000 tuition bill into rupiah would cost about Rp193 million more than five years ago, before accounting for tuition increases.

BPS records rise in employment in August 2026

Indonesia’s employment rose by 1.443 million between August 2025 and August 2026, while the number of unemployed people fell by 77,000 to 7.38 million. The labour force participation rate edged down to 70.33 per cent, and the open unemployment rate declined to 4.75 per cent.

Trump’s Camp Defeated, Putin Responds – Prabowo Wiretapping Scandal Draws Global Attention

Russia says it hopes Donald Trump will continue efforts to end the war in Ukraine despite Republicans losing control of both chambers of the US Congress in the midterm elections. International media have also focused on the alleged wiretapping of Indonesian President Prabowo Subianto, including claims of senior police involvement, the dismissal of officials and the deployment of tens of thousands of military personnel to Jakarta.

Leasing Firms Struggle as Business Slows; Electric Car Sales Bring No Boost

Indonesia’s multifinance industry grew by just 1.68% year on year through August 2026, far below its 6–8% target, with mining-related investment financing and shifting vehicle-purchasing habits weighing on results. Despite a 113.7% surge in electric-car wholesales, many buyers paid in cash, while lenders kept non-performing loans at around 3%.

Sanjaya Attends Coordination Meeting on Corruption Prevention at Bali Governor’s Office

Tabanan Regent I Komang Gede Sanjaya attended a Bali-wide coordination meeting focused on preventing corruption and improving local government administration. Discussions centred on certifying local government land and building assets and following up on KPK reviews, with officials stressing that accountable asset management is essential to protecting regional finances.

Police Raid Islamic Boarding School in Sukoharjo; Central Java MUI Says Sleeping Women Were Raided, Calling It a Clear Human Rights Violation

A Central Java MUI human rights commission member says the police raid on Hamalatul Quran Islamic boarding school in Sukoharjo violated the rights of female students, most of whom are minors. He has urged police to disclose details transparently; the raid was part of an investigation into the arson of a food stall, for which one suspect has been arrested and another identified.

Jokowi presents diplomas in court amid authenticity dispute

Former president Joko Widodo showed his original school and university diplomas in East Jakarta District Court while testifying in a defamation case over claims that his undergraduate diploma was forged. The case involves former minister Roy Suryo and health activist Tifauzia Tyassuma, who have questioned the document’s authenticity.

Winners of the 2026 Minerba Educreative Competition Announced

Indonesia’s Ministry of Energy and Mineral Resources has announced the winners of its 2026 Minerba Educreative Competition, which invited students, teachers, journalists and the public to create works about mining. The competition received 457 entries from 990 registered accounts across eight categories, with awards intended to promote public understanding of the mineral and coal sectors and responsible resource management.

BP Batam Says SWRO Development Must Meet All Licensing Requirements

BP Batam says a seawater reverse osmosis (SWRO) facility intended to supply data centres in Batam must secure all required permits, including marine spatial-use approval, an environmental impact assessment and building approval. The project’s operator says the concentrated brine will receive special treatment before being discharged, while data-centre capacity is expected to grow from 20–30 MW currently to a target of 1 gigawatt by 2030.

Former Ombudsman Chief Sentenced to Five Years in Prison and Ordered to Pay Rp3.8bn in Restitution

Former Ombudsman chief Hery Susanto has been sentenced to five years in prison for corruption involving bribes to issue maladministration documents. He was also fined Rp300 million and ordered to pay Rp3.875 billion in restitution, with his home in Pulo Gebang counted towards the payment.

Danantara to Develop Modern Technology-Based Poultry Industry

Indonesia’s state-owned enterprises regulator and Danantara are developing an integrated poultry industry using modern technology, with the aim of establishing a more efficient and competitive national model. A facility in Malang, East Java, under the Integrated Chicken Downstreaming Project is targeted for completion in May 2027, while investment decisions will focus on returns, professional management and clear business prospects.

Indonesia Aims to Become the World’s Leading Geothermal Power Producer

Indonesia is currently the world’s second-largest geothermal producer, and state-backed PT Pertamina Geothermal Energy (PGE) believes the country could overtake the United States. PGE plans to expand installed capacity from 727 MW to 1 GW by 2028 and 1.8 GW by 2034, while investment incentives and the government’s electricity plan could support a longer-term target of 3 GW.

MSMEs and Market Traders Strengthen the Regional Economy

Serang Regency is seeking to boost regional growth by improving support for micro, small and medium-sized enterprises (MSMEs) and market traders, including through business mentoring, product development and wider market access. A local legislator says around 150 businesses have joined an incubation programme and advocates promoting village products and Batik Kaserangan to strengthen local demand and competitiveness.

Jokowi Insists the Photo in His UGM Bachelor’s Degree Certificate Is His, Not Dumatno’s

Former president Joko Widodo told a court that the photograph on his bachelor’s degree certificate from Gadjah Mada University (UGM) is his, rejecting a suggestion that it belongs to Dumatno Budi Utomo. Appearing as a witness in the trial of Roy Suryo, who is charged in a case involving allegations that Jokowi’s degree certificate is fake, he also recounted his graduation dates and said he did not know his certificate had been used as a research subject.

Foreign Investors Pour Rp72.93bn Into the Market in Session I, Buying These 10 Shares

Foreign investors recorded a net purchase of Rp72.93 billion across the market during the first trading session, as the Jakarta Composite Index rose 1.96%. Bank Central Asia led foreign buying, while Bank Rakyat Indonesia and Bank Mandiri were the biggest targets of foreign selling.

Jokowi Says He Graduated from UGM on 19 November 1985

Joko Widodo told an East Jakarta court that he sat his thesis examination on 23 October 1985 and attended his graduation ceremony at Gadjah Mada University on 19 November that year. He also stated that his degree certificate was issued on 5 November 1985, as he testified in a case concerning allegations that his diploma was fake.

North Maluku Governor Sherly Tjoanda Calls for Fiscal Fairness for Archipelagic Regions

North Maluku Governor Sherly Tjoanda said the province’s rapid economic growth has not translated into a commensurate increase in its regional budget, and called for fiscal arrangements that better reflect the needs of island regions. She highlighted requirements spanning farming, fisheries, education, healthcare and basic infrastructure, including roads, ports, electricity, clean water and connectivity.

Department: Electrifying Rice Mills Cuts Milling Costs in Purbalingga

A small-scale electrification programme for rice milling units in Purbalingga has cut operating costs by nearly 50 per cent and doubled one farmers’ group’s daily processing capacity to six tonnes. The upgrade is also improving rice quality and expanding the mill’s reach to farmers and traders in neighbouring areas.

Apple Cuts Internal Budget for Employees’ Use of AI

Apple has reportedly reduced the daily AI spending allowance for its engineering teams and is considering further cuts, reversing an earlier push to maximise AI use. The move reflects growing scrutiny of the cost of AI tokens amid questions about whether productivity gains justify the expense.

Health Ministry deploys multidisciplinary teams to fire-hit provinces

The Health Ministry has deployed multidisciplinary healthcare teams and medical supplies across seven provinces affected by forest and land fires, while strengthening health-risk education and monitoring. The response comes amid 401,586 recorded acute respiratory infection cases across the affected provinces and districts, including 3,906 newly reported cases.

The Moment Jokowi Showed His Original Diploma at Roy Suryo’s Trial

Former Indonesian president Joko Widodo showed his original Gadjah Mada University diploma in court while testifying in a case concerning allegations of forged diplomas. He also discussed his education and undergraduate thesis, as the hearing proceeded with defendants Roy Suryo and, in a separate session, Dr Tifa.

Jokowi Says 34 Million People Believe His Degree Is Fake

Former president Joko Widodo told a court that allegations that his degree was fake had damaged his and his family’s reputations. Citing a survey he recalled, he said 18 per cent of Indonesians believed the allegation, which he estimated represented about 34 million people.

Chronology of the Lowering of the Bintang Bulan Flag Ends in Fatal Shooting

The Indonesian Army says a dispute over the raising of the Bintang Bulan flag at a Maulid Nabi gathering in Pidie escalated into clashes, leaving one person dead and 13 injured. Its account says troops used crowd-control measures and progressively escalated to blank and rubber rounds; a local witness, however, alleges that shots were aimed at the crowd rather than fired into the air.

BPS: Open unemployment edged down in August 2026

Indonesia’s Statistics Indonesia (BPS) recorded an open unemployment rate of 4.75% in August 2026, down 0.09 percentage points year on year, with 7.38 million people unemployed. The labour force expanded to 155.37 million, while 147.986 million people were employed; the figures also show substantial numbers working part-time or experiencing underemployment.

Pramono Speeds Up River Normalisation Ahead of February’s Extreme Rainfall

Jakarta Governor Pramono Anung says the city is preparing for potential flooding, with BMKG forecasting the heaviest and possibly extreme rainfall in February 2027. The Jakarta administration plans to accelerate river normalisation through December 2026, while coordinating with law enforcement, the military and other stakeholders on flood preparations.

Zulhas Outlines Three Government Strategies to Boost Self-Sufficiency and Curb Food Imports

Co-ordinating Minister for Food Zulkifli Hasan says Indonesia remains heavily reliant on imports of staples, including rice, wheat, soybeans and salt. He outlined three measures to support food self-sufficiency: cutting rules that impede fertiliser distribution, improving paddy-field productivity and irrigation access, and ensuring better prices for agricultural commodities, particularly for farmers.

Pertamina Acquires Interests in Three Algerian Oil and Gas Fields

Pertamina, through its Algerian affiliate, has agreed to acquire Moeve’s participating interests in three onshore hydrocarbon fields in the Berkine Basin. The transaction remains subject to completion and approval by Algerian authorities, and is intended to strengthen Pertamina’s international upstream portfolio while supporting Indonesian energy supplies.

Tencent launches new AI model with safety features

Tencent has launched Hy4, a new AI model with safeguards intended to reduce the risk of misuse in cyberattacks and potentially dangerous biological research. The company says internal testing found no significant concerns in the cyberattack areas assessed, and plans to release the model weights and technical documentation in the coming days.

China and the US Take a Back Seat as Indonesia Posts the G20’s Fastest Growth

Indonesia’s economy grew 5.47% year on year in the third quarter of 2026, beating market expectations and topping the G20 countries that have reported figures so far. The lead is provisional because several major economies have yet to publish their data, while Indonesia’s average growth over the past eight quarters remained well above the G20 aggregate.

Dasco Denies Rumours He Wants to Become Vice-President

Deputy House Speaker Sufmi Dasco Ahmad has dismissed rumours that he intends to run for vice-president, calling them a hoax. He said the speculation was intended to divert public attention from an alleged illegal wiretapping case involving the President, officials and other public figures; Deputy Hajj Minister Dahnil Anzar Simanjuntak also urged people to focus on identifying the alleged mastermind behind a coup plot.