Indonesian Political, Business & Finance News

Archive: 5 November 2026

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DSI Says It Will Strengthen Global Confidence in Indonesian Palm Oil

PT Danantara Sumberdaya Indonesia (DSI) says its planned Single Export Gate will streamline regulatory compliance, uphold industry standards and reinforce confidence in Indonesian palm oil exports. The company says its intermediary model, due to launch in January 2027, will preserve buyer-seller relationships while supporting export continuity and traceability; separate RSPO data cited at the conference indicated certified concessions experienced substantially less fire damage than the industry average.

TransJakarta Bus Goes Viral After Smoke Emerges on Corridor 10; Passengers Evacuated

A TransJakarta bus operating towards Tanjung Priok emitted smoke on Thursday morning, prompting passengers to disembark and be transferred to another bus. TransJakarta apologised, said the vehicle was undergoing technical inspection, and stated it was coordinating with the operator to ensure fleet roadworthiness; the cause of the smoke has not yet been disclosed.

Taiwan expects continued US arms-sale support after midterm elections

Taiwan’s defence minister says bipartisan support in the US Congress for strengthening the island’s defence is expected to continue after the midterm elections. A proposed US$14 billion arms package remains stalled, however, and could be delayed until 2027 or divided into separate tranches amid wider US-China diplomacy.

Palm Oil Industry Surges in Three Months

Indonesia’s manufacturing sector grew by 5.87% year on year in the third quarter of 2026, contributing 19.22% of GDP, with palm oil-related exports and domestic biodiesel use among the drivers. Growth was also supported by chemicals and fertilisers, as well as exports of non-ferrous metals and steel products.

Palm Oil Exports Surge, Helping Indonesia’s Economy Grow 5.47% in Q3 2026

Indonesia’s economy grew 5.47% year on year in the third quarter of 2026, with manufacturing expanding 5.87% and contributing 19.22% of GDP. Growth in food and beverages, chemicals and basic metals was supported by palm-derived exports, the B50 biodiesel mandate, fertiliser production and stronger metal exports.

Indonesia’s Economy Grows 5.47% in Q3 2026 — The Fastest Since When?

Indonesia’s economy grew 5.47% year on year in the third quarter of 2026, up from 5.29% in the previous quarter and above the 5.2% consensus forecast. Household consumption and investment accounted for 82.78% of growth, while government consumption recorded the fastest expansion, at 8.95%.

Bonree advances AI-native observability and expands globally

Bonree says it ranked first in China’s APMO market in the first half of 2026, with a 22.1% share, and has launched Bonree ONE 4.0, an AI-focused observability platform. The company is expanding in Southeast Asia and other international markets, reporting overseas projects and contracts worth more than US$1 million while pursuing regional partnerships.

Two Badak LNG Innovations Win Awards at Indonesia Patent Awards 2026

Badak LNG has won second and third place in the Best Green and Blue Innovation Patent category at the Indonesia Patent Awards 2026 for technologies that cut energy use, prevent hydrocarbon leaks and reduce greenhouse gas emissions. The innovations have delivered substantial operational and environmental benefits, including reported savings worth US$6.04 million and the potential to avert US$17.6 million in annual LNG production losses.

What Drove Indonesia’s 5.47% Growth: Civil Servants’ Salaries and Allowances, and Consumer Spending

Indonesia’s economy grew 5.47% year on year in the third quarter of 2026, with household consumption and investment together accounting for 82.78% of GDP. Government consumption recorded the fastest growth among expenditure components, rising 8.95%, as personnel and goods-and-services spending increased.

BPS: Indonesia’s Economy Grew 5.47% in the Third Quarter of 2026

Indonesia’s economy expanded by 5.47% year on year in the third quarter of 2026, according to Statistics Indonesia (BPS). Gross domestic product stood at Rp3,633.2 trillion at constant prices and Rp6,741.0 trillion at current prices.

Businessman Says Alleged Wiretapping by Listyo Sigit and Others Is Causing Concern

The Indonesian Association of Energy, Mineral and Coal Suppliers (Aspebindo) has called for transparency over allegations that illegal wiretapping targeted businesspeople, while urging the public not to prejudge the ongoing investigation. Its chairman, Anggawira, said lawful surveillance must have a clear legal basis and adequate oversight, warning that unauthorised access to company communications could undermine confidence in the business climate.

BPS: Bangka Belitung Farmers’ Rice Production Rises to 69,748 Tonnes

BPS reports that rice production in the Bangka Belitung Islands reached 69,748 tonnes from January to September 2026, up slightly year on year. However, the agency estimates full-year output will fall by 14.89 per cent compared with 2025, largely because prolonged dry weather has restricted water supplies for farmers.

US sanctions five individuals and 10 companies over Iran

The US Treasury has sanctioned five individuals and 10 entities across several countries for allegedly supporting Iran’s shadow fleet. Treasury Secretary Scott Bessent said Washington would continue to target assistance to Iran under its economic isolation campaign.

Soaring petrol prices amid Middle East conflict drive highest Philippine inflation in years

The Philippines’ annual inflation rate climbed to 7.8 per cent in October, its highest since February 2023, as a 20 per cent rise in transport costs—driven largely by higher oil prices—pushed prices above forecasts and the government’s target. The peso’s weakness and emerging El Niño pressures on food supplies add to inflation risks, following a 50-basis-point interest-rate increase by the central bank; economic growth has also weakened sharply.

Jokowi recounts his education from primary school to university at Roy Suryo trial

Former president Joko Widodo outlined his schooling and university studies while testifying in the defamation case over allegations that his degree certificate was forged, in which Roy Suryo and others are defendants. He also described his elective courses at Gadjah Mada University, which focused largely on wood technology and forest products.

3,500 Hectares of PM-AAS in Grobogan Planted; Deputy Agriculture Minister Alim Targets Yields of 11 Tonnes

Around 3,500 hectares of the 7,500-hectare PM-AAS rice-farming development target in Grobogan have been planted, with crops reportedly growing as expected. Deputy Agriculture Minister Alim Setiawan Slamet says the technology-based system aims to raise yields to 10–11 tonnes per hectare, while stressing that cultivation must be monitored through to harvest.

Jakarta Legislator Calls Dasco Vice-President Rumour ‘Fake News’ and Urges Scrutiny of Alleged Tapping Case

Jakarta legislator Ali Lubis alleges that rumours Sufmi Dasco Ahmad could replace Gibran Rakabuming Raka as vice-president are being spread to divert attention from the alleged tapping of President Prabowo Subianto. He calls for a transparent police investigation, describing the alleged surveillance as a threat to national security and sovereignty.

Uranium Figures and the Nuclear Newcomer

Indonesia’s national energy balance lists 89,483 tonnes of uranium resources, but only 5,234 tonnes are classified as measured; most remain hypothetical or speculative. The article argues that policymakers must clearly distinguish resource estimates, conditional policy targets and uncertain construction schedules, while planning how much of the nuclear fuel supply chain Indonesia can safely develop domestically.

Electricity Use Cuts Rice-Milling Operating Costs

Switching rice mills from diesel to electricity reduces milling costs by about 60%, saving Rp211,850 per tonne of paddy, according to Central Java’s Food Security Agency. The provincial government is revitalising and electrifying 14 small-scale mills in 2025–2026, with total funding of Rp3.1 billion, as part of efforts to strengthen regional food security.

Official: Indonesian Biodiesel and Bioethanol Prices for November 2026

Indonesia’s Energy and Mineral Resources Ministry has set the November 2026 market index prices for biodiesel at Rp14,312 per litre and bioethanol at Rp11,955 per litre. Biodiesel is cheaper than in October, while bioethanol has risen; the rates form part of the government’s mandatory biofuel programme and take effect from 1 November for bioethanol.

All Indonesian Business Sectors Grow as Q3 2026 Economy Expands by 5.47%

Indonesia’s economy grew 5.47% year on year in the third quarter of 2026, up from 5.29% in the previous quarter, with every business sector recording positive growth. Manufacturing remained the largest contributor to GDP, while accommodation and food services, other services and financial services recorded some of the strongest growth rates.

UK Prepared to Apologise for Slavery but Rejects Reparations

Foreign Secretary Ed Miliband says the UK is willing to issue a formal apology for its role in the transatlantic slave trade, while ruling out compensation payments. The issue remains a source of tension with Commonwealth countries, and an apology could be made at a G20 summit in Manchester next November.

Australia Sends Aircraft and Personnel to Help Tackle Forest and Land Fires in East Kalimantan

Australia is deploying two aircraft and 20 firefighting specialists to support Indonesia’s response to forest and land fires in East Kalimantan from 6 to 12 November 2026. The operation, coordinated by Indonesia’s disaster agency BNPB, reflects bilateral cooperation as assessments identify East Kalimantan as the country’s second-highest priority after Central Kalimantan.

Jokowi Challenges Roy Suryo at East Jakarta District Court: How Could He Conclude the Diploma Was Fake?

Former president Joko Widodo rejected all allegations by Roy Suryo that his university diploma was forged, questioning how Suryo could reach that conclusion without seeing the original. Testifying in the defamation case at East Jakarta District Court, Jokowi cited remarks from Suryo’s online video, described the approval process for his thesis and showed a document he identified as his diploma.

Jokowi Says He Is Now Self-Employed: His Business Story Before Becoming President

Former Indonesian president Joko Widodo told a court that he is currently self-employed, prompting renewed interest in his furniture business before entering politics. He founded CV Rakabu in Solo in 1988, overcame early setbacks and expanded into exports; his 2023 asset declaration listed wealth of Rp82 billion.

Court Audience in Uproar as Jokowi Displays Certificates from Primary School to University

Former president Joko Widodo displayed his school and university certificates during testimony in the defamation and electronic-information case against Roy Suryo, who has been accused of claiming that Jokowi’s diploma was fake. The judge asked Jokowi to stop after the display prompted a commotion among those attending the hearing; the case centres on allegations under Indonesia’s criminal and electronic information laws.

UOB Indonesia Posts Rp1.01 Trillion Profit in Q3 2026

UOB Indonesia reported net profit of Rp1.01 trillion for the first nine months of 2026, down 18.25% year on year, as higher impairment and other expenses offset gains in fee income and fair-value returns. Assets and lending grew, while non-performing loan ratios improved; the bank’s net interest margin and capital adequacy ratio declined.

NHI Tourism Forum 2026 Brings Together 94 Academic Authors from Across Indonesia

The sixth NHI Tourism Forum brought together 94 authors from 24 institutions, with 30 papers selected for presentation and 474 people registered to attend online. The forum focused on smart, sustainable and inclusive tourism, and awarded its Best Paper prize to a study on combining technology with human guidance for tourists with disabilities.

Jokowi Reveals the Identity of His UGM Thesis Supervisor

Former Indonesian president Joko Widodo told a court that he received an A for his final thesis examination at Gadjah Mada University in 1985 and identified his supervisor as Achmad Soemitro. Testifying in Roy Suryo’s defamation and electronic-information case over allegations that Jokowi’s degree certificate was fake, he also defended the use of Times New Roman on the thesis cover and outlined how it was printed.

Indonesia’s Economy Grows 5.47% as Rupiah Strengthens to Rp18,090 per US Dollar

The rupiah strengthened to Rp18,090 per US dollar after Indonesia’s third-quarter 2026 economic growth of 5.47% exceeded market expectations. The result was faster than the previous quarter and supported positive sentiment towards the currency amid external pressures.

Government to Strengthen Integrated Nickel Downstreaming to Build Battery Industry

Indonesia plans to deepen its nickel industry beyond smelting and refining by attracting investment in electric-vehicle batteries, battery energy storage systems, advanced materials, manufacturing and recycling. Downstream industry investment reached more than US$29 billion in January–September 2026, and the government is seeking higher-quality investment that strengthens domestic capabilities and Indonesia’s position in global value chains.

Starting in Grobogan, Deputy Agriculture Minister Alim Accelerates National Soybean Development

The Agriculture Ministry and Gadjah Mada University are working together in Grobogan to raise soybean yields and reduce Indonesia’s dependence on imports. A government-supported programme covering 50,000 hectares could produce around 150,000 tonnes if yields reach the target of three tonnes per hectare, with better planting patterns and technology prioritised over opening new farmland.

DPR: Asset Forfeiture Bill Would Return Proceeds from Fraudulent Investments to Victims

The House of Representatives’ Commission III says the Asset Forfeiture Bill would ensure that assets seized in fraudulent investment schemes are returned directly to victims rather than the state. The proposal also seeks to address cases in which victims remain uncompensated even after perpetrators have been convicted or released, with lawmakers suggesting compensation could be made without a court process where necessary.

Verdict Hearing for Pekalongan Regent Fadia Arafiq Postponed

The verdict hearing for suspended Pekalongan Regent Fadia Arafiq has been postponed until 23 November because the presiding judge is on official duty out of town. The panel also cited scheduling conflicts involving prosecutors, pushing the hearing back by three weeks.

Sanya and the Maldives Sign Agreements to Deepen Trade and Investment Ties

Sanya officials secured agreements with the Maldives to expand cooperation in trade and investment, including fisheries, aquaculture and the blue economy, following a two-day mission in October 2026. The deals establish frameworks for bilateral promotion and commercial projects, while a Maldivian aquaculture company plans to set up operations in Sanya, leveraging Hainan Free Trade Port policies.

OJK Seeks to Return Funds to Investors in DSSA, CUAN and BREN

The Financial Services Authority (OJK) is calculating how much money may be returned to investors affected by alleged market manipulation and misleading share allocations involving DSSA, BREN and CUAN. The effort comes after the regulator imposed administrative fines totalling Rp2.1 trillion, although the eligible investors and repayment mechanism have not yet been determined.

Indonesian Tax Disputes Surge, with Five Issues Most Frequently Challenged

Indonesia recorded 73,394 tax appeals and lawsuits between 2021 and the third quarter of 2026, with disputes largely centred on audit methods, unreported income and differing interpretations of tax rules. The tax authority says cross-border transfer pricing and input VAT claims are also significant sources of litigation, highlighting the growing complexity of tax enforcement.

Australia Deploys Hercules Aircraft Carrying 15,000 Litres of Water to Help Fight Forest and Land Fires

Australia has begun a seven-day operation to support Indonesia’s forest and land-fire response in East Kalimantan, deploying a C-130 Hercules water-bomber and a Cessna Citation guide aircraft. The mission could deliver up to 100,000 litres of water a day, with a 20-member specialist team, reflecting the two countries’ longstanding cooperation in emergencies.

Breaking: Indonesia’s Economic Growth Reaches 5.47% in Third Quarter of 2026

Statistics Indonesia reported that the economy grew 5.47% year on year in the third quarter of 2026, accelerating from 5.29% in the previous quarter and exceeding analysts’ consensus forecast of 5.20%. Economists had expected household consumption and government spending to soften, while exports and manufacturing were seen as supporting growth; questions remain over whether the expansion is translating into higher real incomes and formal jobs.

Indonesians’ Online Shopping Grows, with Transactions Up 22% in Q3 2026

Indonesia’s online transactions for goods and services rose 22.02% year on year in the third quarter of 2026, according to Statistics Indonesia (BPS). Growth in electronic money transactions and consumer-goods imports also accelerated, pointing to the wider economic impact of increased online shopping.

Hajj Ministry strengthens administrative procedures to ensure visa readiness

The Ministry of Hajj and Umrah is deploying support staff to strengthen document checks and visa processing for Indonesian pilgrims travelling for the 1448 H/2027 Hajj. Officials warn that even pilgrims who meet health requirements and have paid their fees cannot travel if their records are incomplete or inaccurate; the ministry has also published the list of regular pilgrims eligible to pay in full.

Perhutani Takes Collaborative Approach to Restore Land in Artapela Block

Perhutani is coordinating with West Java authorities, local communities and other stakeholders to rehabilitate critical land in Artapela Block, part of the upper Citarum watershed. The programme includes planting 97.44 hectares in 2026, followed by further planting through 2030, and plans to develop a carbon project alongside agroforestry to balance ecological recovery with local economic benefits.

Buol Regency Government Drafts Regulation on Managing Community Mining

Buol Regency is preparing a regent regulation setting out guidance for People’s Mining Permits (IPR), following the designation of 12 community mining areas covering 921.02 hectares. The rules are intended to enable legal, orderly and environmentally responsible mining, while setting out application requirements and access routes for individuals and cooperatives.

Jokowi Denies His Thesis Font Was Anachronistic, Saying Thousands of Theses Used It

Former president Joko Widodo rejected claims that the font on his thesis cover was unavailable in 1985, saying the same printing shop used it on thousands of theses. Testifying in a defamation case brought over allegations concerning his diploma, he also described his thesis examination, revisions and printing process.

RSPO RT2026 Discusses Fires in Indonesia, Single Export Gate and Independent Smallholder Inclusion

At its 2026 annual conference, the Roundtable on Sustainable Palm Oil (RSPO) said certified concessions experienced substantially less fire impact than the national average and urged members to defend sustainable palm oil using evidence. The conference also examined Indonesia’s new single export gate and efforts to connect newly certified smallholders with international buyers through credit sales.

Government Submits Asset Forfeiture Bill’s Issues List to DPR Commission III

The government has submitted its list of issues on the asset forfeiture bill to Commission III of the House of Representatives, which has established a special working committee to scrutinise it. Committee chair Habiburokhman says lawmakers aim to pass the bill during the current session in November, ahead of a 15 December deadline, following public consultations and regional visits.

Jokowi Details His Education from Primary School to a Bachelor’s Degree at UGM During Roy Suryo Trial

Former President Joko Widodo recounted his educational history and the steps he took after allegations that his university diploma was forged, while testifying in the defamation case against Roy Suryo. He said the claims had escalated and that he filed a police report after consulting his lawyers; the report recorded the chronology of events without naming a suspect.

Crowd Removes Vice-President Gibran’s Photograph at Yogyakarta Regional Council

Activists and members of the DIY National Forum temporarily removed a photograph of Vice-President Gibran Rakabuming Raka at the Yogyakarta Regional People’s Representative Council (DPRD DIY) while presenting a statement and meeting councillors. The photograph was put back after the meeting; the group said it had come to express public concerns about the state of national affairs.

Tairex launches multi-agent AI system to transform clinical collaboration and decision support

Tairex has launched a clinical collaboration ecosystem of 54 specialised AI doctor agents, designed to provide coordinated, cross-specialty recommendations and flag potential risks for physicians. The system is intended to improve clinical workflows and broaden access to specialist expertise while keeping decisions under human control; the company also cites data-protection measures and security certifications.

313 Public Service Malls and 211 Digital Malls Make Services Easier for the Public

Indonesia has established 313 integrated Public Service Malls and 211 digital versions, bringing together services and accelerating processes such as health-professional licensing and birth registration. The Ministry of Administrative and Bureaucratic Reform also reports that 95% of public complaints were fully addressed in 2026, alongside an increase in the national public satisfaction index.