Indonesian Political, Business & Finance News

Archive: 20 February 2026

Showing 451-500 of 862 articles

BRI President Director: Credit Acceleration Requires Demand-Side Strengthening

BRI chief Hery Gunardi has warned that Indonesia's sluggish credit growth is driven not by a lack of banking liquidity but by weak demand, as businesses and households adopt a wait-and-see posture amid slowing GDP contributions from manufacturing, trade and agriculture. With new consumer lending demand plunging from 62.9 per cent to 13.

Bank Danamon Still Studying Entry into Paylater Business

Bank Danamon is exploring a move into the paylater business to strengthen its retail segment penetration, with options including distribution through group entity Home Credit Indonesia and synergies with parent company MUFG Group's startup investments. The bank reported solid 2025 results, with consolidated net profit of IDR 4 trillion (up 14 per cent year-on-year), credit growth of 9 per cent, and improving asset quality with NPL falling to 1.7 per cent.

Commission IV Pushes for Swift Solutions to Address TPPAS Sarimukti Overcapacity

Commission IV of the West Java Provincial Legislature has raised alarm over the critically overloaded TPPAS Sarimukti waste processing facility in West Bandung Regency, warning that Zone V — the final disposal area — has exceeded capacity and can only receive waste for roughly one more year.

DPD Chairman Secures 500 Substandard Housing Renovation Units for Bengkulu Province

DPD Chairman Sultan Bachtiar Najamudin has secured 500 units of Self-Help Housing Stimulant Assistance (BSPS) for substandard homes in Bengkulu Province under the 2026 fiscal year budget, with plans to push for 3,000 units in 2027. The programme, part of President Prabowo Subianto's national Three Million Homes strategic initiative, provides Rp20 million per household for building materials and labour costs to bring uninhabitable dwellings up to standard for low-income families.

Why Is Indonesia Sending Thousands of Troops to Gaza?

Indonesia has announced plans to deploy up to 1,000 soldiers to Gaza by April, potentially rising to 8,000 by end of June, making it the first country to openly commit troops to the US-backed International Stabilisation Force. The move carries significant domestic and geopolitical risks, with the government insisting troops will serve humanitarian rather than combat roles and that deployment does not signal normalisation of relations with Israel.

Truck Dragged 100 Metres After Being Struck by Airport Train; Police Investigate Delayed Barrier

A container truck was dragged approximately 100 metres after being struck by a Soekarno-Hatta Airport train at a level crossing near Poris Station in Tangerang, causing the train to derail. Police are investigating why the crossing barrier had not yet lowered despite the warning siren having already sounded, suggesting a possible malfunction that allowed the truck to enter the tracks before the barrier closed.

Gen Z Are the Most Diligent Savers and Investors, Driven by Soaring House Prices and Economic Uncertainty

New research shows Generation Z is twice as likely as older generations to increase their savings, debunking the stereotype that young people are frivolous spenders. Soaring house prices, stagnant wages, and economic uncertainty have prompted Gen Z to budget aggressively, build investment portfolios, and plan for retirement from a young age, with social media financial content and intergenerational wealth transfers further fuelling the trend.

Central Java Provincial Government Intensifies Affordable Food Campaign and Market Operations to Stabilise Staple Prices

Central Java Governor Ahmad Luthfi has ordered market operations and 308 Affordable Food Campaign (GPM) events across all districts through March 2026 to curb rising staple food prices ahead of Ramadan. Chilli prices have surged to around Rp 80,000 per kilogram in the province, driven partly by demand from Jakarta, prompting the provincial agri-business agency JTAB to sell subsidised chillies at Rp 65,000 per kilogram.

In a "Swap" Against Trump's Tariffs, Indonesia Purchases 50 Boeings and Extends Freeport's Mining Permit

Indonesia and the United States have signed a sweeping reciprocal trade agreement under which Washington will eliminate tariffs on 1,819 Indonesian product items in exchange for Jakarta opening its market to 99 per cent of US goods, purchasing 50 Boeing aircraft worth US$13.5 billion, importing US energy and agricultural products, and extending Freeport's mining licence in Papua beyond 2041.

Prabowo: We Want a Lasting and Peaceful Solution for Palestine

President Prabowo Subianto used the inaugural meeting of the US-initiated Board of Peace in Washington to call for a permanent and peaceful solution to the Palestinian conflict, reaffirming Indonesia's commitment to deploying approximately 8,000 troops to Gaza as part of an International Stabilisation Force.

Freeport Extends Investment in Indonesia for 20 Years Worth Rp337.6 Trillion

Indonesia and US mining giant Freeport-McMoRan have signed a memorandum of understanding to extend the company's Special Mining Business Permit (IUPK) at Grasberg, Central Papua, for 20 years (2041–2061), with a committed investment of US$20 billion.

KPK Investigates Additional Safe Houses in Customs Bribery Case

Indonesia's Corruption Eradication Commission (KPK) is investigating the existence of further safe houses linked to a bribery scandal involving senior Directorate General of Customs and Excise officials, having already seized Rp 5 billion in cash from one such location in Ciputat, South Tangerang.

Freeport to Add Rp337.6 Trillion in Investment over 20-Year Period

Freeport-McMoRan has signed a memorandum of agreement with the Indonesian government on critical minerals management, committing an additional USD 20 billion (Rp337.6 trillion) in investment over the next two decades. The announcement came alongside the signing of an Indonesia-US Agreement on Reciprocal Trade establishing a 19 per cent reciprocal tariff across 1,819 tariff lines, with key Indonesian exports including palm oil, coffee, and cocoa receiving full tariff exemptions.

KPK Summons Ponorogo District Officials and DPRD Member in Regent Sugiri Bribery Case

Indonesia's Corruption Eradication Commission (KPK) has summoned 12 witnesses, including a Ponorogo district council member and several senior local government officials, as it deepens its investigation into suspended Regent Sugiri Sancoko. The case encompasses three clusters of alleged corruption — bribery for official appointments, project-related kickbacks, and gratification — totalling some Rp 2.6 billion across four suspects.

Land Movement Triggers Landslides in Bogor, Residential Wall Collapses

Multiple landslides struck South Bogor and surrounding areas after heavy rainfall combined with unstable soil conditions caused ground movement, damaging several homes. The Bogor City Disaster Mitigation Agency reported no casualties, but retaining walls collapsed along key roads and a 1.5-metre cliff gave way, threatening nearby residences. The incidents highlight ongoing geological vulnerability in Bogor's densely populated hillside neighbourhoods.

Victorious Takaichi promises 'strong and prosperous' Japan

Japanese Prime Minister Sanae Takaichi used her first parliamentary policy address after the LDP's landslide election victory to outline an assertive defence posture targeting China's activities in the East and South China Seas, whilst pledging sustained economic stimulus.

Massive Village Vehicle Procurement Raises Questions Over Rationale

Indonesia's House of Representatives Commission VII has questioned a Rp24.66 trillion contract awarded to PT Agrinas Pangan Nusantara for 105,000 commercial vehicles from Indian manufacturers Mahindra and Tata Motors, intended for village cooperative operations.

Latest Update on Truck Collision with Soekarno-Hatta Airport Train in Batuceper: Commuter Line Resumes on Single Alternating Track

A truck carrying a lifeboat collided with a Soekarno-Hatta Airport Commuter Line train at a level crossing near Poris Station in Batuceper, Tangerang, causing the train to derail and paralysing services on the Tangerang line and airport route. By 13:00 WIB, KAI Commuter confirmed that Tangerang Commuter Line services had partially resumed using a single alternating track at reduced speed, whilst offering full refunds to affected airport train passengers.

President Prabowo: Law Enforcement Key to Stable Investment Climate

Speaking at a Gala Iftar Dinner Business Summit at the U.S. Chamber of Commerce in Washington DC, President Prabowo Subianto underscored his administration's commitment to governance reform, human capital development, and robust law enforcement as pillars of a stable investment climate.

KPK Summons Central Lampung Health Office Official in Regent Ardito Bribery Case

The Corruption Eradication Commission (KPK) has summoned a commitment-making official from the Central Lampung Health Office as a witness in the bribery and gratification case against suspended Regent Ardito Wijaya. Investigators allege Ardito demanded 15-20 per cent fees on procurement projects since taking office in February 2025, receiving an estimated Rp 5.75 billion through intermediaries including his brother and a local councillor, with five suspects named in total.

Indonesia-US Trade Deal Outcome: Freeport Mining Licence Extended, Rp 337 Trillion in Additional Investment

Indonesia has signed a memorandum of understanding with Freeport-McMoRan to extend PT Freeport Indonesia's special mining licence, securing US$20 billion in new investment over the next 20 years as part of a reciprocal trade agreement with the United States. The deal, which also increases the Indonesian government's shareholding in PTFI by 12 per cent after 2041, is expected to generate approximately US$6 billion annually in state revenues, with significant benefits flowing to Papua.

Cak Imin: BPJS Ketenagakerjaan Must Ensure Workers Do Not Fall into Poverty Due to Redundancy Risks

Coordinating Minister for Community Empowerment Muhaimin Iskandar has stressed that BPJS Kesehatan and BPJS Ketenagakerjaan must serve as the state's primary instruments for safeguarding the public's economic resilience against life risks including illness, workplace accidents, and redundancy.

Meeting Sugiono, US Secretary of State Thanks Indonesia for Joining Board of Peace

Indonesian Foreign Minister Sugiono met US Secretary of State Marco Rubio in Washington DC, where Rubio expressed gratitude for Indonesia's support as a founding member of the Board of Peace initiative launched by President Donald Trump. The two ministers reaffirmed their Comprehensive Strategic Partnership and committed to deepening economic and security cooperation across the Indo-Pacific, whilst also discussing Indonesia's commitment to post-conflict reconstruction in Gaza.

Foreign Woman Disturbed by Quran Recitation Speakers on Gili Trawangan Threatens Locals with Machetes

A foreign woman on Gili Trawangan, North Lombok, escalated a confrontation with local residents after destroying a prayer hall microphone during Quran recitation sessions, later threatening villagers with two machetes when they came to retrieve a stolen mobile phone. The incident highlights ongoing tensions between foreign residents and local communities over religious practices in Indonesia's popular tourist destinations.

Indonesia Still Plans to Buy 50 Boeing Jets Under Reciprocal Trade Deal, Rosan Says

Investment Minister Rosan Perkasa Roeslani has confirmed that Indonesia still intends to purchase 50 Boeing aircraft as part of the Agreement of Reciprocal Trade recently signed with the United States, a deal valued at approximately $13.5 billion. The commitment underscores Jakarta's strategy of using large-scale procurement to secure more favourable tariff terms from Washington, with US tariffs on Indonesian goods reduced from 32 per cent to 19 per cent under the agreement.

Task Force Chief Tito Breaks First Fast and Performs Tarawih Prayers in Aceh Tamiang

Task Force Chief Muhammad Tito Karnavian marked the first day of Ramadan 2026 by breaking fast and performing Tarawih prayers with disaster-affected communities in Aceh Tamiang, one of the worst-hit areas across three provinces in Sumatra. He reaffirmed the central government's commitment to accelerating post-disaster recovery, detailing housing repair grants of up to Rp60 million and highlighting ongoing priorities including displaced persons, mud clearance, and clean water provision.

Police Chief Orders Force-Wide Urine Tests Following Senior Officer's Drug Case

Indonesia's National Police Chief General Listyo Sigit Prabowo has ordered mandatory urine testing for all officers across the force following the arrest of former Bima City Police Chief AKBP Didik Putra Kuncoro on drug charges. Didik, who has been dishonourably discharged, was found in possession of methamphetamine, ecstasy, and other narcotics, and is alleged to have received Rp2.8 billion in drug proceeds from a dealer over a six-month period.

Indonesia launches national action plan for blue carbon ecosystems

Indonesia has launched RENAKSI, a national action plan for blue carbon ecosystems covering 2025–2030, reinforcing its status as holder of approximately 17 per cent of the world's blue carbon reserves across 3.45 million hectares of mangrove forests and 660,000 hectares of seagrass meadows.

Police Evacuate Ill Residents Affected by Flooding in Pela Mampang, South Jakarta

Police and search-and-rescue teams deployed rubber boats and skiffs to evacuate women, children, the elderly, and sick residents from flooding of 20–70 centimetres in Mampang Prapatan, South Jakarta. The flooding, which struck on Friday 20 February 2026, was caused by heavy overnight rainfall compounded by overflow from the upper Ciliwung River catchment in Bogor.

Tito Karnavian Performs Dawn Prayer and Distributes Aid in East Aceh

Post-disaster reconstruction task force chief Muhammad Tito Karnavian visited East Aceh to review rehabilitation progress and distribute community aid from the Ministry of Home Affairs. Karnavian highlighted that five Aceh districts require particular attention due to damage to infrastructure, mud deposits, disrupted irrigation and severed road access, pledging continued government commitment to recovery efforts.

Samudera Indonesia (SMDR) Chief Unveils 2026 Business Strategy

Samudera Indonesia CEO Bani M. Mulia has outlined the company's 2026 business strategy centred on efficiency and flexibility, in response to rising global protectionism. Despite trade tensions, Mulia remains optimistic about logistics growth, citing record container throughput in Singapore and China's export diversification, whilst emphasising Indonesia's large domestic market as a buffer against global headwinds.

Kura Kura Bali SEZ Launches Sustainable Agricultural Revolution With Community Partnership

Kura Kura Bali Special Economic Zone on Serangan Island has launched an innovative agricultural development programme in partnership with the Nukari community, featuring land-based crop cultivation and a floating garden project on a 1,713 square-metre pond. The initiative is supported by a state-of-the-art wastewater treatment facility utilising advanced ARB technology that recycles 1,100-1,200 cubic metres of treated water daily for irrigation, aquaculture, and fish breeding.

Saudi Arabia Distributes Iftar Packages, Calls Indonesian Muslims "the Best"

Saudi Arabia distributed 2,000 iftar packages at Jakarta's Istiqlal Mosque as part of King Salman's Joint Iftar Programme, with the Saudi religious attaché praising Indonesian Muslims as "the best community.

Vale Indonesia Addresses Nickel Price Fluctuation Challenges

Vale Indonesia's President Director Bernardus Irmanto has defended the mining industry whilst acknowledging the need for responsible practices, stating that mining itself is the "backbone of civilisation." Amid ongoing nickel price volatility, the company is developing an ecosystem-based strategy to mitigate the impact of market fluctuations on its operations.

Prabowo Affirms Commitment to Safeguarding Business Climate Before US Corporate Leaders

President Prabowo Subianto attended the US-Indonesia Business Summit 2026 in Washington D.C., securing USD 38.4 billion in investment commitments from major American corporations. The visit focused on finalising the Agreement on Reciprocal Trade (ART), which is expected to significantly reduce barriers for Indonesian products entering the US market, marking a new chapter in the bilateral strategic partnership.

Banyumas and Depok Communities Prepare to Enter the Digital Administration Era

The Directorate General of Population and Civil Registration is preparing Banyumas Regency and Depok City as pilot areas for the Digital Population Identity (IKD) programme, aiming to eliminate reliance on physical documents for public services. The initiative is intended to strengthen data integration for national social protection programmes and improve the accuracy of welfare distribution.

No Security Guards Needed, Just AI

Thousands of French supermarkets are deploying AI-powered surveillance to detect shoplifting in real time, with some retailers reporting theft losses cut by half. However, France's data protection authority CNIL warns that the commercial use of such behavioural analysis cameras is prohibited without specific legislation, placing the technology in a legal grey area despite its rapid adoption.

Saudi Arabia hosts joint iftars and distributes dates across Indonesia throughout Ramadan

The Saudi Arabian Embassy in Jakarta has launched a nationwide Joint Iftar Programme distributing 40,000 food packages and 40 metric tonnes of dates across multiple Indonesian cities and university campuses during Ramadan, under instructions from King Salman and Crown Prince Mohammed bin Salman.

Coordinating Minister Cak Imin Warns New BPJS Directors: Stop Wasteful Spending and Ceremonial Events!

Coordinating Minister for Community Empowerment Muhaimin Iskandar has issued a stern warning to the newly inaugurated directors of BPJS Kesehatan and BPJS Ketenagakerjaan, demanding an end to wasteful spending and ceremonial events in managing the more than Rp5 trillion annual operational budget. The minister also called for heightened vigilance against fraud, fictitious claims, and membership abuse, stressing that public trust is the cornerstone of Indonesia's social security system.

Transport Minister Requests Places of Worship Be Readied as Rest Areas for Lebaran Homecoming

Transport Minister Dudy Purwagandhi visited Yogyakarta to coordinate preparations for the 2026 Lebaran homecoming season, requesting that mosques along mudik routes be optimised as rest areas for travellers. The government is also promoting a work-from-anywhere policy from 13 to 27/28 March 2026 to stagger the flow of homecoming traffic, though challenges remain in applying this to the private manufacturing sector.

King Charles's Brother Released After Arrest in Connection with Epstein Case

Prince Andrew, the former Duke of York, was arrested at his Norfolk residence on suspicion of misconduct in public office linked to his role as a British trade envoy, before being released later the same day whilst remaining under investigation. The arrest followed the US Department of Justice's release of documents related to the Jeffrey Epstein inquiry, with King Charles stating that the law must take its course and the family would fully cooperate with authorities.

BRIN promotes public-private partnership for research vessel project

Indonesia's National Research and Innovation Agency (BRIN) is pursuing a public-private partnership to modernise the country's research vessel fleet under a 20-year concession, with contract signing targeted for Q1 2027. The initiative aims to close a significant gap between Indonesia's current 2,500 annual research sailing days and the estimated 8,000-day requirement, strengthening the nation's marine research capacity and subsea economic exploration.

House Commission X Chair Pushes for Mandatory Noise Dampeners at Padel Courts

The chair of House of Representatives Commission X has urged local governments to require noise dampening measures and restrict operating hours for padel courts following widespread complaints about disturbances to nearby residents. Jakarta Governor Pramono Anung has also responded, announcing he will summon padel court operators and relevant stakeholders next week to review compliance with permits and regulations.

Transport Minister Predicts 144 Million Travellers for Lebaran 2026 Exodus

Transport Minister Dudy Purwagandhi forecasts approximately 144 million people will travel during the 2026 Lebaran homecoming period, with actual figures potentially exceeding the survey estimate as occurred last year. The government has announced a comprehensive package of traffic management measures, freight restrictions, flexible working arrangements, and inter-agency coordination to ensure safety across all transport modes during the peak travel season.

Fandi, Ship Crew Member from Medan, Faces Death Penalty for Smuggling 2 Tonnes of Narcotics

A 26-year-old ship crew member from Medan, Fandi Ramadhan, faces the death penalty at Batam District Court for his role in smuggling nearly two tonnes of methamphetamine aboard the vessel Sea Dragon, which collected the drugs from a Thai fishing boat off Phuket.

Poland Urges Its Citizens to Leave Iran Immediately

Polish Prime Minister Donald Tusk has called on all Polish nationals to leave Iran without delay, warning that escalating conflict could render evacuation impossible within hours. The urgent appeal follows US President Donald Trump's ultimatum giving Iran a maximum of 15 days to reach a nuclear deal, backed by a significant American military build-up in the region.

OJK Enacts Insurance Broker Business Licence Following Name Change for PT Bastama Mitra Persada

Indonesia's Financial Services Authority (OJK) has formally enacted the insurance broker business licence for PT Bastama Mitra Persada Insurance Broker, following its name change from PT Bastama Mitra Persada, through decree KEP-8/PD.02/2026 dated 20 January 2026. The company is required to conduct its business in compliance with prevailing laws and OJK supervisory requirements.

KPK Appoints New Heads of Investigation and Prosecution

The Corruption Eradication Commission (KPK) inaugurated six new senior officials on Friday, including former KPK spokesperson Tessa Mahardika Sugiarto as Director of Investigation and prosecutor Budhi Sarumpaet as Director of Prosecution. The appointments follow the earlier swearing-in of three new senior deputy heads earlier in the week, signalling a significant leadership reshuffle at Indonesia's anti-graft body.

KPK Reveals Reason for Not Extending Travel Ban on Maktour Boss in Hajj Quota Case

The KPK chairman explained that the travel ban on Maktour Travel owner Fuad Hasan was not renewed because Indonesia's new Criminal Procedure Code restricts travel bans to suspects only, and Fuad has not been designated as one.

Indonesia, Germany boost higher education ties

Indonesia's Minister Brian Yuliarto and German Ambassador Ralf Beste have reaffirmed their commitment to strengthening bilateral cooperation in higher education, research, and student exchanges. The discussions highlighted plans to expand university partnerships, joint degree programmes, and doctoral research aligned with Indonesia's national priorities including food security, renewable energy, and digitalisation.