Indonesian Political, Business & Finance News

Archive: 5 November 2026

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Transjakarta and Mikrotrans Routes Diverted Due to Jokowi Degree Hearing

Transjakarta and Mikrotrans services in East Jakarta were diverted on Thursday after roads near the East Jakarta District Court were closed for a hearing in the alleged degree-defamation case involving Roy Suryo. The traffic measures were put in place as former president Joko Widodo was scheduled to testify, with several bus routes skipping stops or taking alternative routes.

Government urges expansion of intermediate manufacturing sector

Sarmuji urged food businesses to expand intermediate processing, enabling them to supply other companies and industries while creating higher-value opportunities from agricultural and marine by-products. Indonesia’s food and beverage sector grew 6.77% in the first half of 2026, attracted Rp47.74 trillion in investment and recorded a nearly US$25 billion trade surplus from January to August.

Grobogan Proposes Rp115 Billion Revamp of Two Markets

Grobogan Regency has asked the central government to fund the revitalisation of Gubug and Purwodadi traditional markets, with a combined proposed budget of about Rp115 billion. The plans cover facilities used by nearly 3,000 traders; Purwodadi’s proposal has been scaled back to Rp76 billion and would reinforce the existing structure rather than rebuild the market entirely.

Dasco Responds to Vice-Presidential Rumours: ‘I Can Confirm It’s Fake News’

Deputy Speaker of the House of Representatives Sufmi Dasco Ahmad has denied rumours that he will become a vice-presidential candidate, calling them fake news. He said the claims were intended to divert public attention from an alleged illegal wiretapping case involving the President and other officials; State Secretary Prasetyo Hadi said the alleged acts could amount to conduct tending towards treason.

Crisis Deepens as Phone Sellers Reveal the Facts

Apple says unprecedented memory-price increases are driving it to build up component inventories and commit to more purchases, while forecasting further cost rises. The squeeze is contributing to a sharp global smartphone shipment decline, as manufacturers raise prices, cut output and prioritise higher-margin devices amid constrained supply and cautious consumers.

Bursa Suspends 62 Companies for Failing to File Financial Reports

The Indonesia Stock Exchange (IDX) has continued the suspension of 62 listed companies that had not submitted their interim financial statements for the six months to 30 June 2026 without an independent auditor’s report, and/or had not paid late-filing fines. Trading in the shares has been halted since 30 October, under exchange rules that permit suspension after the reporting deadline and applicable penalties remain outstanding.

Jokowi Brings All Diploma Documents to East Jakarta District Court Ahead of Roy Suryo Hearing

Former president Joko Widodo says he has brought all the diploma documents required to testify in a defamation case involving Roy Suryo and Tifauzia Tyassuma, who have been accused of making claims about a fake diploma. His appearance prompted heightened security and traffic diversions around the East Jakarta District Court.

Preacher Gus Faruq Draws Attention for Preaching from Inside a Grave in Southeast Sulawesi

Preacher Gus Faruq has drawn public attention after delivering a 1.5-hour sermon from inside a burial pit during a religious gathering in South Konawe. The local Nahdlatul Ulama branch said the unusual method was intended to remind worshippers of death, not promote grave-worship, while warning that it should not be copied without regard for safety and propriety.

Jokowi Arrives at East Jakarta District Court for Hearing into Alleged Fake Degree

Former Indonesian president Joko Widodo appeared at the East Jakarta District Court to testify in the case in which Roy Suryo is accused of making claims about a forged degree. Jokowi was prepared to present his undergraduate degree from Gadjah Mada University, which Suryo has alleged is fake.

Jokowi Takes the Witness Stand in Roy Suryo Trial as 6,000 TNI-Police Personnel Secure East Jakarta District Court

Former Indonesian president Joko Widodo appeared as a witness in Roy Suryo’s defamation trial over allegations that Jokowi’s diploma was fake. Some 6,000 military and police personnel were deployed around the East Jakarta District Court, with access restricted because the courtroom can accommodate only about 80 people.

Laka Lena Offers Religious Pilgrimages to Five Top Tour de EnTeTe 2026 Participants

East Nusa Tenggara Governor Emanuel Melkiades Laka Lena says the five best participants in Tour de EnTeTe 2026 will receive religious trips tailored to their faith. The event’s organisers say the tour is intended not only as a sporting and recreational activity, but also to foster solidarity and highlight the needs and potential of communities along its route.

Jokowi Says He Has Brought His Diploma to Roy Suryo Hearing at East Jakarta District Court

Former president Joko Widodo attended the hearing in the alleged diploma-defamation case against Roy Suryo at the East Jakarta District Court, where he is due to testify. Asked whether he had brought his diploma, Jokowi said he had brought it, along with all the documents, and arrived accompanied by his children Kahiyang Ayu and Kaesang Pangarep.

Makassar City Government Holds Low-Cost Market in Economically Vulnerable Areas

Makassar’s government is distributing 1,100 subsidised food packages across five districts to help vulnerable households meet daily needs and protect their purchasing power. The second phase brings the total distributed this year to about 2,400 packages, with the city considering another round if demand remains high.

Jokowi Promised to Show Original Diploma at Hearing: Was It Produced?

Former president Joko Widodo attended the East Jakarta District Court hearing in the case alleging that his diplomas were fake, and told reporters he had brought them. His lawyers had said he would testify about his education and present his school and university diplomas; the hearing is open to the public.

Prabowo Receives Aceh Governor at Palace to Discuss Special Autonomy Funds and Flag

President Prabowo Subianto met Aceh Governor Muzakir Manaf at the State Palace to discuss the continuation of the province’s Special Autonomy Fund, legal certainty over the Aceh flag and several other strategic matters. The proposals also included the status of Blang Padang waqf land, the development of the Arun Lhokseumawe Special Economic Zone, oil and gas operations in the Rantau Block, and a proposed endowment fund for former Free Aceh Movement combatants.

Indonesian and Singaporean Air Force Chiefs Conduct F-16 Patrol

The Indonesian Air Force and Singapore’s RSAF conducted a joint patrol involving two Indonesian and three Singaporean F-16s under Operation Indopura Sakti-26. The patrol was presented as a way to reinforce regional stability and strengthen bilateral air-defence ties, with both sides expressing interest in expanding future defence cooperation.

Rupiah Opens 0.19% Stronger at Rp18,120 per US Dollar

The rupiah opened 0.19% higher against the US dollar as the dollar index weakened and falling oil prices eased some pressure on Indonesia’s energy-import bill. Investors were also awaiting third-quarter GDP data, with consensus forecasting 5.20% annual growth; a stronger-than-expected result could support the currency, while a miss may fuel concerns over the domestic outlook.

Kutim Develops Sustainable Plantations Through ISPO Certification

East Kutai is expanding sustainable palm oil certification through the second phase of Sustain Kutim, running from 2026 to 2030. The initiative aims to balance economic benefits for smallholders with environmental protection, while supporting wider market access and the district’s target of Rp3 trillion in downstream palm oil investment.

Jokowi Arrives at East Jakarta District Court with All Diploma Documents

Former Indonesian president Joko Widodo arrived at the East Jakarta District Court as a witness in defamation cases concerning allegations that his university diploma was forged. He said he had brought all the relevant diploma documents, while police prepared security and traffic arrangements around the courthouse.

PSI Official: Jokowi Ready to Show School and University Diplomas at Roy Suryo Trial

Former president Joko Widodo appeared as a witness at the East Jakarta District Court in a case involving allegations of defamation over claims that his university diploma was forged. A PSI director said Jokowi was prepared to present his diplomas from primary school through university if requested by prosecutors or the judges, and hoped the testimony would end the public controversy.

Gandaria Utara Neighbourhood Chief Turns to Technology to Tackle Waste

Imam Basori, a neighbourhood chief in South Jakarta, has introduced electric-cart waste collection and composting machines to speed up the processing of organic waste while educating residents on sorting it. His initiatives are being considered in Jakarta’s Pilah Olah Sampah Heroes 2026 programme, and he is also exploring technology to turn plastic waste into furniture.

The World’s Richest Beggar Has Wealth Estimated at Rp15 Billion

Bharat Jain, who begs on the streets of Mumbai, is reported to have wealth estimated at more than Rs7.5 crore (around Rp15 billion). Reports say he earns a substantial monthly income from begging, owns a two-bedroom flat and earns rent from shops, while his family has gained access to education and a more comfortable life.

Army Removes Bintang Bulan Flag in Pidie; Situation Returns to Calm

The Indonesian Army says it removed a Bintang Bulan flag in Pidie, Aceh, after mediation failed and clashes broke out, leaving one resident dead, 13 others injured and six soldiers hurt. The incident occurred during a public Maulid gathering, while authorities also monitored a planned Syiar Aceh Merdeka event in neighbouring Pidie Jaya; the Army says the area was calm by early morning.

Can Marine Systems Appointed Official Amazon Leo Distributor

Can Marine Systems has signed an agreement to resell Amazon Leo satellite connectivity through its Canopus™ Platform. The deal expands the managed maritime connectivity and onboard IT services it offers to commercial shipping and offshore energy fleets across Asia-Pacific and globally, while Can Marine remains responsible for integration and customer support.

30kg Rice Aid for October–December Begins Distribution: Details

The government has begun distributing 30kg of rice to 33.2 million beneficiary families for October–December 2026, with nearly one million tonnes allocated nationwide. It is also preparing subsidised rice, rice for food manufacturers and subsidised maize supplies to support households, industry and livestock farmers amid rising maize prices.

Can Marine Systems named an authorised reseller of Amazon Leo

Singapore-based Can Marine Systems has signed an agreement to resell Amazon Leo satellite connectivity, integrating the service into its Canopus platform for maritime customers. The arrangement expands the connectivity options it can offer merchant shipping and offshore energy fleets across Asia-Pacific, while Can Marine will continue to manage installation and ongoing support.

Full List of Winners at the 2026 AMI Awards

The 29th Anugerah Musik Indonesia (AMI) Awards, held in Jakarta under the theme “Ruang Nada Nusantara”, recognised artists and creative-industry professionals across 67 categories. The article lists winners in the Pop, Rock, Jazz and Soul/R&B fields, with the event presented by YAMI in collaboration with Indonesia’s Ministry of Culture.

Fitch Cuts Pos Indonesia’s Debt Rating to Default After Rp1 Trillion Sukuk Payment Failure

Fitch Ratings has downgraded Pos Indonesia’s Rp1 trillion senior unsecured sukuk to D(idn), citing its failure to pay an ijarah return instalment even after the contractual grace period expired. The downgrade means all of the company’s debt issues are now in default, as it awaits final audited accounts before rescheduling a meeting with bond and sukuk holders.

Kaesang and Kahiyang Accompany Jokowi to Roy Suryo’s Hearing at East Jakarta District Court

Former Indonesian president Joko Widodo arrived at the East Jakarta District Court to testify in a case concerning alleged slander over claims that his diploma was fake, with his children Kaesang Pangarep and Kahiyang Ayu accompanying him. Authorities deployed 6,770 military and police personnel and imposed a three-ring security arrangement ahead of the hearing.

Pertamina Acquires Stakes in Three Oil and Gas Fields in Algeria’s Berkine Basin

Pertamina, through its Algerian affiliate, has agreed to acquire Moeve’s participating interests in three onshore hydrocarbon fields in the Berkine Basin. Completion remains subject to approvals by Algerian authorities; the deal is intended to strengthen Pertamina’s international upstream portfolio and support energy supply for Indonesia.

Dasco Confirms Rumours He Will Become Vice-Presidential Candidate Are Hoax

Deputy Speaker of the House of Representatives Sufmi Dasco Ahmad has rejected claims that he will become a vice-presidential candidate, calling them false. He said the rumour was an attempt to divert attention from allegations of illegal wiretapping involving the president and other state officials, which the State Secretary has described as potentially seditious and a threat to national interests.

Jokowi Stays Silent When Asked About General Listyo’s Wiretapping Case

Former president Joko Widodo declined to answer reporters’ questions about an alleged illegal wiretapping case involving former National Police chief Listyo Sigit Prabowo. He was attending the trial of Roy Suryo and Dr Tifa, who face defamation charges over allegations concerning his university diploma, at the East Jakarta District Court.

Calls for Impeachment in Yogyakarta as Crowd Removes Gibran’s Photo at Regional Council

Activists and members of the DIY Nationality Forum called for Vice-President Gibran Rakabuming Raka’s impeachment and urged parliament to pursue allegations concerning his education credentials and those of former president Joko Widodo. They briefly removed Gibran’s photograph during a visit to the Yogyakarta Regional People’s Representative Council, against the backdrop of recent court rulings over the equivalency of his overseas secondary education certificate.

Maulid Celebration Clash in Aceh Leaves One Dead and 19 Injured: TNI Gives Full Account

Clashes broke out during efforts to remove the Bintang Bulan (Crescent Moon) flag at a Prophet Muhammad’s Birthday celebration in Pidie, Aceh, leaving one resident dead and 19 people injured, including six Indonesian military personnel. The TNI says the confrontation followed unsuccessful mediation with organisers and escalated after stones and pieces of wood were thrown; authorities used blank and rubber rounds as warning shots.

Bulog in Central Sulawesi Strengthens Oversight of SPHP Rice and Minyakita Distribution

Bulog’s Central Sulawesi office says it is tightening cross-sector oversight to prevent misuse, repackaging and sales above government-set price ceilings for SPHP rice and Minyakita cooking oil. By 2 November 2026, 10,049 tonnes of SPHP rice had been distributed—84.5 per cent of the target—with the remaining 1,846 tonnes due to be delivered by 20 November.

Government Plans to Pay BPJS Contributions for 188 Million People: How the Scheme Would Work

The government is considering a scheme to cover health insurance contributions for an estimated 188 million people in socioeconomic deciles 1–8, with the cost split among central, provincial and local governments. The proposal remains at the simulation and discussion stage; under current estimates, it would require Rp94.78 trillion a year and use updated national socioeconomic data to target assistance.

Supporters Clash with Woman Claiming to Be from BIN at East Jakarta District Court

Supporters of Roy Suryo and Doctor Tifa challenged a woman who gave conflicting accounts of whether she was a journalist or an officer of Indonesia’s State Intelligence Agency (BIN) at a hearing concerning Joko Widodo’s university diploma. The case involves allegations of defamation and violations of the Electronic Information and Transactions Law over claims that the former president’s diploma was false.

Food and Beverage Industry Targets Gen Z as Investment Interest Grows

Indonesia’s food and beverage industry is attracting growing domestic and foreign investment, with investment reaching Rp85.5 trillion in January–September 2026 and the sector ranking seventh among investment destinations. Industry representatives say Gen Z and younger consumers offer opportunities for new and functional food products, while exports have also risen sharply, reaching about US$31.3 billion through August 2026.

JCI Rises More Than 2% at the Open: Here’s Why

Indonesia’s benchmark Jakarta Composite Index (JCI) climbed 2.33% shortly after opening, breaking above 5,000 as technology, basic materials and financial shares led gains. Investors were also weighing international developments—including the US mid-term election result and a sharp fall in oil prices—alongside the forthcoming release of Indonesia’s third-quarter GDP data and updates from the Financial Services Authority (OJK).

Jokowi’s Remarks on Arriving at East Jakarta District Court for UGM Diploma Hearing

Joko Widodo said he had brought the original documents, including his University of Gadjah Mada forestry degree, to a hearing concerning allegations that his diploma was forged. Roy Suryo faces charges of defamation and offences related to electronic information in connection with the allegations.

Development of B50 and E20 to Strengthen Energy Security

Plans to expand biodiesel B50 and bioethanol blends from E20 to E50 are seen as a way to cut fuel imports and build domestic industries, but experts say success depends on local methanol capacity, infrastructure, vehicle compatibility and reliable feedstock. They also stress that farmers must receive a fair share of the benefits and that the programmes should be judged by measurable reductions in imports and costs, not announcements alone.

Why a Young Millionaire Is Proud to Rent Rather Than Buy a Home

US content creator Haley Sacks, known as Mrs. Dow Jones, says home ownership should be seen as a lifestyle choice rather than a measure of financial success. Against a backdrop of rising barriers to buying a home, she prefers to invest elsewhere for now, while acknowledging that family support helped her build her career.

SCG Secures Halal Certification for 453 Chemical Products and Logistics Services

SCG has obtained Indonesian halal certification for 453 chemical product grades, while its logistics subsidiary already holds certification for distribution services. The move positions the group to meet expanding halal-assurance requirements and serve customers, including fast-moving consumer goods companies, that require halal-certified distribution.

Parigi Moutong Chicken Farmers Trained to Increase Egg Production

Farmers in Parigi Moutong, Central Sulawesi, have received training in poultry health, feeding, housing hygiene and business management to improve productivity and reduce mortality. Organisers say stronger farmer groups could help channel future government assistance, while the programme supports national food-security goals and the development of transmigration areas.

MSC Poesia Fails to Sail as Company Explains Why Issue Remains Unresolved

MSC Cruises says the resources needed to resolve regulatory deficiencies aboard MSC Poesia were not available in time, forcing the cancellation of an 11-night voyage from Miami. The US Coast Guard has confirmed system deficiencies but has not disclosed their nature or severity, and the vessel remains unable to depart until corrective action is completed and clearance is issued.

Dwi Bagus Martono’s Wife and Her Child Buried in the Same Grave in Bogor

Dini Hardiyanti and her four-year-old son were buried together in Megamendung, Bogor, after their remains were identified through DNA testing. Police said DNA from 15 bone fragments matched a reference sample from the victim’s mother.

JCI Closes Higher; Five Stocks to Watch Today

The Jakarta Composite Index (JCI) rose 0.32% on Wednesday, although market breadth remained weak, with far more shares falling than rising and foreign investors recording net purchases. The article highlights BRMS’s plans to lift gold output through a higher-grade underground mine, LTLS’s investment in liquid food-ingredient production and BIPP’s private placement, alongside five trading recommendations.

Can Workers Earning More Than Rp3.5 Million Still Receive the Wage Subsidy? Check the Ministerial Regulation

Indonesia’s 2026 Wage Subsidy Assistance (BSU) is set at Rp300,000 per month for three months, with eligibility generally capped at monthly wages of Rp3.5 million. Workers in areas where the local minimum wage exceeds that threshold may qualify under a higher cap, rounded up to the next Rp100,000; the article also outlines other conditions and how to check eligibility once the online service opens.

Fore Reports Customer Data Breach to Komdigi: Here Are the Potential Sanctions

Fore reported a suspected personal data protection failure to Komdigi on 28 October, after an incident that reportedly affected 5.7 million customer accounts. The ministry is investigating, and any responsible parties or administrative sanctions will be determined only after the examination is complete; meanwhile, the government says a presidential regulation establishing a data protection supervisory body is in its final stage.

Jokowi Arrives at East Jakarta District Court Under Paspampres Guard to Testify in Roy Suryo Diploma Case

Former president Joko Widodo arrived at the East Jakarta District Court to testify in Roy Suryo’s defamation case concerning allegations that Jokowi’s university diploma was fake. His appearance has drawn considerable attention, amid reports that he may present the disputed diploma; security at the court was tightened ahead of the hearing.