Indonesian Political, Business & Finance News

Archive: 10 March 2026

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Nadiem Denies Removing Ministry Officials Over Opposition to Chromebook Procurement

Former Education Minister Nadiem Makarim has denied allegations that he removed two senior ministry officials, Khamim and Poppy Dewi Puspitawati, because they opposed the government's Chromebook laptop procurement programme. Testifying before the Corruption Court in Jakarta, Nadiem argued that the decision to replace 17 officials, including Poppy and Khamim, was made on 4 March 2020, well before the two officials expressed their disagreement with the procurement plan. Nadiem faces corruption charges alongside three others for allegedly abusing his authority to ensure Google's Chromebook dominated Indonesia's ICT procurement ecosystem, causing state losses estimated at Rp 2.1 trillion.

The Phenomenon of Cart-Pushing Homeless People Ahead of Eid: Where Do They Come From?

Jakarta experiences a surge in homeless individuals pushing carts and collecting scrap materials during Ramadan and the lead-up to Eid al-Fitr, with many migrants from surrounding areas and other regions coming to the capital in search of additional income. Authorities note this annual phenomenon, with street-level patrols by the Jakarta Metropolitan Police Paramilitary Unit (Satpol PP) becoming routine during this period, whilst homeless individuals also hope to receive charitable assistance such as zakat donations and clothing during the Islamic holy month.

Two Pertamina Tanker Ships Remain Stranded in the Persian Gulf

PT Pertamina International Shipping has confirmed that two of its tanker vessels remain stranded in the Persian Gulf following Iran's closure of the strategically vital Strait of Hormuz on 28 February 2026. The two detained vessels, VLCC Pertamina Pride and Gamsunoro, are waiting in the Arabian Gulf for safe passage conditions, whilst two other company ships have begun departing the conflict zone. Despite the disruption to part of its fleet, Pertamina states it is maintaining energy supply chain continuity through its broader fleet of approximately 345 vessels and has implemented emergency supply chain protocols in coordination with the government.

GMF ensures 96 aircraft ready to fly during Eid al-Fitr holiday period

PT Garuda Maintenance Facility Aero Asia (GMF) has confirmed operational readiness of 96 aircraft from the Garuda Indonesia Group for the extended Eid al-Fitr holiday period running from 10 March to 2 April 2026. The company is mobilising over 1,000 personnel across 43 maintenance stations nationwide and has successfully reactivated 18 aircraft to support the anticipated surge in passenger traffic during the peak season.

TNI completes modular bridge in Batu Bara connecting villages

Personnel from the Military Command (Kodim) 0208/Asahan and the Engineer Battalion 1/DD have completed a modular bridge in Medang Deras District, Batu Bara Regency, North Sumatra, serving as an inter-village access route. The bridge, which links Sei Buah Keras Village with Durian Village, is expected to improve resident mobility and support community social and economic activities in the region. The completion demonstrates the Indonesian National Armed Forces' (TNI) commitment to assisting communities and ensuring better inter-regional connectivity.

US shows commitment to Indonesia's halal rules: BPJPH

The United States Department of Agriculture has committed to complying with Indonesia's mandatory halal regulations, with the Head of BPJPH clarifying that all products distributed in Indonesia, including imports, must carry appropriate halal or non-halal certification and labelling. The move strengthens Indonesia's global halal standards position through bilateral recognition agreements and facilitates cross-border halal certification between the two countries.

Minister Hafid explains social media age limit policy to students

Indonesia's government has implemented a policy restricting social media access to children under 16, with Minister Hafid explaining the measure is designed to protect young people from digital addiction, harmful content, and AI-generated misinformation rather than deprive them of technology. The policy, which takes effect on 28 March, stems from consultations with psychologists and child development experts and is supported by Government Regulation No. 17 of 2025. A Jakarta high school student praised the regulation, noting it addresses genuine risks faced by young people in the digital space.

Beware Toll Road Congestion Nightmare! Avoid Travelling on These Dates for Eid Holiday

PT Jasa Marga has forecasted that peak homebound and return traffic during Eid 2026 will occur on 18 March and 24 March respectively, with an estimated 3.5 million vehicles expected to traverse Jasa Marga toll roads. Traffic movement is expected to begin as early as Friday 13 March due to extended holiday periods and work-from-anywhere policies, with 50% of vehicles heading east, 28% west to Merak, and 20% south to Bogor.

Trump Threatens to Intensify Attacks if Hormuz Strait Blocked, Iranian Foreign Minister Responds Casually

US President Donald Trump has threatened to attack Iran twenty times harder than current operations if Tehran blocks oil supplies through the Strait of Hormuz, warning of widespread destruction and targeting of critical infrastructure. Trump framed the threat as a protective measure for global oil supplies and beneficiaries including China, whilst expressing hope that such escalation would not become necessary.

Regent of Rejang Lebong Arrested in KPK Sting Operation; PAN Party Says Official's Actions Were Personal

The Prosperous Justice Party (PAN) has distanced itself from Rejang Lebong Regent Muhammad Fikri Thobari, who was apprehended by Indonesia's Corruption Eradication Commission (KPK) in a sting operation on 9 March 2026. PAN's Deputy Chair Viva Yoga Mauladi stated that Thobari's actions constitute personal misconduct and have resulted in his removal from party positions, whilst the party reaffirmed its commitment to supporting anti-corruption efforts and respecting the KPK's legal processes.

Jimly supports completion of electoral law revision this year: Next year will be too late

Constitutional law expert Jimly Asshiddiqie has urged the parliament to complete the revision of the Electoral Law by the end of this year, warning that deferring it to 2027 would be too close to the 2029 elections. Speaking before Commission II of the People's Consultative Assembly, Jimly advocated for transparent discussion of major electoral ideas, including the proposal to reinstate local elections through regional legislatures. Commission II Chair Rifqinizamy Karsayuda indicated that the commission is first gathering expert opinions to establish a problem inventory before formally establishing a working committee for the revision.

Bantargebang Integrated Waste Treatment Facility Targeted to Resume Operations Within One Week

The Jakarta Provincial Government is targeting full operational recovery of the Bantargebang Integrated Waste Treatment Facility (TPST) in Bekasi, West Java, within one week following a landslide on 8 March. Currently, teams are clearing landslide debris and reorganising the affected Zone 4A, with waste disposal services continuing through three active zones (Zones 1, 2, and 5) at approximately 4,000 tonnes per day capacity. Once repairs to Zone 4 are completed, the facility's capacity will increase by an additional 1,500 tonnes per day.

Nearly 700,000 people displaced by escalation of Lebanon-Israel conflict

Escalating conflict between Israel and Lebanon has forced nearly 700,000 people, including approximately 200,000 children, to flee their homes, according to UNICEF. The displacement crisis has intensified following intensive fighting that began on 2 March, when Hezbollah launched rockets into Israel, prompting large-scale Israeli military strikes across Lebanese population centres. Child casualties have risen dramatically, with 412 children reported killed and 1,632 injured over the past 28 months.

KPK Suspects Pancasila Youth Leader Japto Received Mining Security Payments

The Corruption Eradication Commission (KPK) suspects Japto Soerjosoemarno, Chairman of Pemuda Pancasila (PP), received "security payments" from coal mining operations at PT Alamjaya Barapratama. The investigation is part of a broader corruption case involving former Kutai Kartanegara Regent Rita Widyasari and three coal mining companies suspected of facilitating bribery and money laundering.

Pemuda Pancasila Chair Questioned by Anti-Corruption Commission Over Mining Security Payments

The Indonesian Anti-Corruption Commission (KPK) has concluded questioning Japto Soerjosoemarno, the national chairman of Pemuda Pancasila, as a witness in an alleged gratification case involving mining security payments in Kutai Kartanegara. The investigation focuses on cash flows allegedly disguised as "security costs" from mining companies, with the KPK expanding charges to include three corporate entities. The case stems from an earlier investigation into former Kutai Kartanegara regent Rita Widyasari involving coal shipment volumes.

ROG Xbox Ally Takes Centre Stage in Handheld Console Market, Offering Xbox and Windows Integration

The ROG Xbox Ally, a collaboration between ASUS Republic of Gamers and Xbox, has emerged as a significant player in the portable gaming device market since its 2025 introduction. The device runs Windows 11 Home with an optimised full-screen Xbox interface and supports access to Xbox Game Pass, Xbox Cloud Gaming, and major PC game stores including Steam, Epic Games Store, and Battle.net. Powered by an AMD Ryzen Z2 A processor with 16GB RAM and featuring a 7-inch 120Hz FHD display, the ROG Xbox Ally combines cross-platform gaming flexibility with ergonomic design to address the growing demand for portable gaming devices that deliver console-quality performance.

BYD's Strategy Following the End of Electric Vehicle Import Incentives

The Indonesian government has confirmed that import incentives for completely built-up (CBU) electric vehicles will not be extended beyond 31 December 2025, removing tax breaks and import duty exemptions previously granted to manufacturers. BYD Motor Indonesia's president director Eagle Zhao responded by emphasising the company's commitment to competitive pricing through vertical integration and research and development capabilities, positioning the company to maintain market focus despite the end of government support.

AI Skills Emerge as APME's Hardest-to-Find Competencies

ManpowerGroup's 2026 Global Talent Shortage Survey of 39,000 employers across 41 countries reveals that AI skills are now the hardest competencies to find in the Asia Pacific and Middle East region, with AI Model & Application Development (27%) and AI Literacy (26%) ranking highest among shortages. Japan (84%) and India (82%) face the most severe hiring constraints, while the survey highlights that organisations must simultaneously support current workforce transformation and build future-ready AI capabilities to remain competitive in an increasingly AI-driven labour market.

Mahfud: Electoral Reform is Open Legal Policy, Parliament Free to Formulate System

Constitutional law expert Mahfud MD stated that electoral systems constitute an "open legal policy," allowing Indonesia's parliament (DPR) complete freedom to formulate and decide which electoral system to use based on public aspirations. He affirmed that parliament may revisit debates over open versus closed proportional representation systems, as many believe the current open system inhibits parties' ideological candidates from emerging.

Social media access restrictions for under-16s support children's mental health

A leading psychiatrist has endorsed government restrictions on social media access for children under 16, citing incomplete brain development and inability to assess risk at that age. Indonesia's Ministry of Communication and Digital has implemented regulations (Minister Regulation No. 9 of 2026) prohibiting under-16s from creating accounts on high-risk digital platforms, with the government and medical experts emphasising that strict parental supervision and public education are essential alongside the legal restrictions.

PKS Demands Indonesia Withdraw from Board of Peace if Council Does Not Support Palestinian Independence

The Justice Prosperity Party (PKS) has called on the Indonesian government to withdraw from membership of the Board of Peace (BoP), a council established by US President Donald Trump, if it fails to support Palestinian independence. PKS Secretary General Muhammad Kholid emphasised that Palestinian independence is a constitutional mandate that cannot be compromised, and argued that withdrawal would represent a principled and dignified stance for Indonesia in upholding humanitarian diplomacy and international solidarity.

Social Affairs Minister: 5 Million PKH Beneficiaries in East Java to Become Members of Red and White Village Cooperatives

Social Affairs Minister Saifullah Yusuf pledged to encourage 5 million Keluarga Penerima Manfaat (KPM) beneficiaries of the Family Hope Programme (PKH) in East Java to join Red and White Village Cooperatives (KDMP) to engage in productive economic activities. The initiative aims to empower social assistance recipients not only as consumers but as cooperative members who can benefit economically, whilst emphasising the government's commitment to poverty alleviation through accurate data and sustained economic independence.

Rambutan Terminal Establishes Health Post During Eid Exodus

Kampung Rambutan bus terminal in Jakarta is setting up a health post to ensure driver fitness and passenger safety during the 2026 Eid holiday exodus. The facility will operate from 13–31 March 2026, offering health checks and urine tests for drivers, as well as emergency medical services for passengers and terminal staff.

Government to Establish Maximum Limits for Nicotine and Tar Content in Cigarettes

The Indonesian government has issued Ministerial Coordination Regulation Number 2 of 2025 to establish and enforce maximum limits for nicotine and tar content in tobacco cigarettes and electronic cigarettes. The regulation mandates that all producers, importers and distributors of tobacco products comply with these limits, with implementation overseen by a multi-agency coordination team including the Ministry of Health, Industry Ministry, BPOM and the National Standardisation Agency, currently in the early plenary stage with additional technical and stakeholder engagement processes pending.

Gianyar Regency, Bali Achieves IDR 1.99 Trillion in Local Revenue in 2025

Gianyar Regency in Bali has realised local own-source revenue (PAD) of IDR 1.99 trillion in 2025, a significant increase from IDR 1.68 trillion in 2024, achieving 98.63 per cent of its target. The regency's macroeconomic indicators demonstrate positive trends, with improved human development indices and declining poverty and unemployment rates outperforming both provincial and national figures.

Don't Spend Your Eid Allowance All at Once—Set Aside Money for Emergency Savings

Indonesian workers should prioritise building emergency funds rather than spending their Eid bonuses entirely on holiday expenses. Financial experts recommend using extra income such as annual bonuses and Eid allowances to establish or bolster emergency savings, which serve as critical protection against unexpected financial hardship such as job loss or medical emergencies.

KUH Jeddah lobbies to enable umrah pilgrims to return home without additional costs

The Indonesian Hajj Office (KUH) in Jeddah is coordinating with travel agencies and Saudi Arabian authorities to facilitate the safe return of umrah pilgrims stranded due to regional escalation without imposing extra charges. The Indonesian Ministry of Hajj and Umrah has advised prospective pilgrims scheduled to depart soon to postpone their trips amid volatile Middle Eastern security conditions, whilst urging current pilgrims in Saudi Arabia and their families to remain calm.

Semuel Abrijani sentenced to 6 years in prison for accepting bribes in PDNS case

Semuel Abrijani Pangerapan, former Director General of Information Technology Applications at the Communications and Information Technology Ministry (2016-2024), has been sentenced to 6 years in prison for accepting Rp6.5 billion in bribes related to the controversial National Data Centre (PDNS) procurement case. The court determined that Abrijani accepted the bribes from Alfi Asman in exchange for awarding contracts to PT Aplikanusa Lintasarta, resulting in state losses of Rp140.86 billion. Four other defendants in the case received sentences ranging from 5 to 9 years, with all defendants also ordered to pay substantial fines and compensation.

Mexico urges US to return to evidence-based trade decisions

Mexico's senior officials have called on the United States to return to evidence-based trade decisions and eliminate unilateral tariffs as a priority in the upcoming review of the USMCA agreement. Mexico's agriculture and economy ministers stated that recent US measures and direct subsidies in the food sector have caused approximately $12 billion in trade distortions, whilst emphasising that 78.5 per cent of Mexico's economic sector supports updating the pact to strengthen supply chain security and boost domestic production in pharmaceuticals, semiconductors, and artificial intelligence.

DKI Provincial Government Operates Rorotan RDF Facility, Targets Processing 1,000 Tonnes of Waste Daily This Week

Jakarta's provincial government has formally commenced operations of the Rorotan Refuse Derived Fuel (RDF) Plant on Tuesday, 10 March, as a rapid mitigation measure following the landslide at Bantargebang waste processing facility. The facility will initially process 300 tonnes daily, with capacity increasing to 750 tonnes by week's end and targeting 1,000 tonnes daily, whilst other operational zones of Bantargebang continue handling approximately 4,000 tonnes daily.

Jakarta-Yogyakarta Toll Tariffs After 2026 Homecoming Discount

Indonesia's toll road operator is offering a 30 per cent discount on toll tariffs for the 2026 Lebaran homecoming period from 15 to 16 March, reducing the Jakarta-Yogyakarta toll fare from Rp 622,500 to Rp 480,450 for Class I vehicles on the Jakarta-Semarang segment. The discount applies only to the Jakarta-Semarang section of the Trans-Java Toll Road, with no reductions on the Semarang-Solo and Solo-Yogyakarta segments, and travellers are advised to maintain at least Rp 500,000 in electronic toll credit for smooth passage.

Used Electric Vehicle Prices Now Discounted by up to 40%, Here's Why

Indonesia's used electric vehicle market is expanding rapidly, with popular models such as the Wuling Air EV, Hyundai Ioniq 5, and DFSK Seres E1 experiencing significant price depreciation of 15–60% within one to two years of use. The steep depreciation is driven by rapid technological advancement, the introduction of newer models with enhanced features, and consumer concerns about battery longevity and component replacement costs, yet these lower prices are opening the market to price-conscious consumers considering the switch to electric vehicles.

TNI Alert Level 1: Bappisus Chief Says Routine Procedure Before Lebaran

The head of the Special Development Control and Investigation Agency (Bappisus), Aris Marsudiyanto, has characterised the Indonesian Military's (TNI) Alert Level 1 status as a routine standard operating procedure ahead of the Lebaran holiday period. The TNI implemented the alert status to ensure domestic security and facilitate safe travel for citizens returning to their hometowns, attributed to security concerns stemming from regional conflicts in the Middle East.

Ojek Driver's Rp 100 Billion Lawsuit Against Pandeglang Regency Over Damaged Roads Proceeds to Mediation

An ojek (motorcycle taxi) driver named Al Amin has filed a Rp 100 billion lawsuit against Pandeglang Regency and Banten Province over damaged road infrastructure that resulted in a traffic accident causing a passenger's death. The initial hearing at Pandeglang District Court on 10 March 2026 proceeded to mediation, with both the plaintiff and defendants represented, and the court agreed to await the outcome of the mediation process.

2026 Mudik Season: Vehicles Leaving DIY Can Exit via Purwomartani Toll Gate in Kalasan

The Purwomartani toll gate in Kalasan, Sleman, will be designated as an exclusive exit point during the 2026 Lebaran mudik (homecoming) season from 16–29 March to facilitate traffic from Yogyakarta towards Klaten and Solo. The toll authority will implement free passage for Class I vehicles at Purwomartani, whilst the transport ministry has issued coordinated strategies with police and public works authorities to manage mudik operations across major highway corridors and ferry terminals during this peak travel period.

Data reveal maternal mortality and child violence rates remain high in Indonesia

Health and women's protection data in Indonesia shows alarming rates, with over 4,100 pregnant women dying annually and 11.5 million children experiencing violence throughout their lives. The government attributes these trends to economic factors, poor parenting practices, and irresponsible social media use, and is launching the Ruang Bersama Indonesia (RBI) programme to integrate services at village level and tackle gender-based violence and child protection.

Head of Bappisus Assures Indonesia's Economy Remains Strong Despite Rising Oil Prices and Dollar Amid Middle East Conflict

The Head of Indonesia's Special Development Monitoring and Investigation Agency (Bappisus), Aries Marsudiyanto, has assured the public that Indonesia's economy remains resilient despite rising oil prices and a strengthening US dollar caused by Middle East tensions. The government has already anticipated these commodity price increases and coordinated responses across all relevant ministries, with President Prabowo convening regular meetings to address the situation. Subsidised fuel prices will not increase until after the Eid al-Fitr celebration in 2026, whilst non-subsidised fuel prices will follow market mechanisms.

Padel Court in Condet Remains Open Until Late Night, Causing Noise Disturbance

Residents in the Condet area of East Jakarta have complained about noise from a padel court operating until nearly midnight, with mediation attempts reportedly ignored by management. The padel court manager acknowledged the complaints and pledged compliance with Jakarta Provincial Government regulations limiting operations to 20:00-21:00 WIB, whilst claiming the viral video was from an earlier period.

Baznas NTB Prepares Aid Recipients as Food Suppliers for Free Nutrition Programme

Indonesia's National Zakat Board (Baznas) in West Nusa Tenggara province is empowering aid recipients (mustahik) to become food suppliers for the government's Free Nutritious Meals Programme (MBG) through productive zakat initiatives. The programme focuses on domestic production of eggs, livestock, and vegetables, aiming to reduce the region's dependency on imports from Java whilst transforming aid recipients into zakat contributors through expanded economic capacity.

Mardiono: Public Officials Should Not Fear Pro-People Policies

Indonesia's Presidential Special Envoy for Food Security Muhamad Mardiono has urged public officials to boldly implement pro-people policies, asserting that the state must control and harness Indonesia's natural wealth for public prosperity as mandated by the constitution. During a visit to Bone Bolango Regency in Gorontalo, Mardiono distributed fertilisers, seeds and cash assistance to farmer groups whilst promoting the Free Nutritious Meals programme and emphasising that food security is a national priority requiring reduced dependence on food imports.

IRGC guarantees Strait of Hormuz transit rights for nations expelling US and Israeli ambassadors

Iran's Islamic Revolutionary Guards Corps (IRGC) has announced it will grant full passage rights through the Strait of Hormuz to any Arab or European nations that expel US and Israeli ambassadors from their territories. The statement comes as US President Donald Trump threatened to attack Iran "20 times harder" if Tehran blocks oil supplies through the strategic waterway, whilst Iran's Foreign Minister denied the country is blocking or restricting navigation in the strait.

PLN: Electrical recovery in West Aceh following disaster reaches 100 per cent

State-owned electricity company PT PLN has completed 100 per cent restoration of electrical systems across disaster-affected areas in West Aceh Regency, with the final recovery point at Sikundo Village in Pante Ceureumen District completed in mid-February. Despite challenges from extreme weather and flooding that toppled power poles in remote indigenous community areas, PLN credits successful recovery efforts to coordinated support from local government, military, police, and community members. The utility remains committed to completing electrical network construction in Lawet Village in the near term to ensure full coverage of community electricity needs.

Video: Indonesian residents keen on online shopping during Ramadan; fintech ensures security

Ramadan and Eid al-Fitr 1447 Hijriah continue to drive increased shopping activity and consumer mobility as key economic drivers for Indonesia in Q1 2026. Digital transactions through e-wallets, QRIS, mobile banking, credit cards, virtual accounts, and online lending have already recorded 4.7 billion transactions, growing 39 per cent year-on-year, with further acceleration expected during Ramadan and Eid. Fintech providers are strengthening their payment systems to support the anticipated surge in digital transactions during the festive period.

Note: Bank Indonesia Operational Schedule During Eid al-Fitr 2026

Bank Indonesia has announced operational adjustments for its systems during the Eid al-Fitr 1447 Hijrah holidays from 18–24 March 2026, with major settlement systems including BI-RTGS, BI-SSSS, BI-ETP, and SKNBI to suspend operations. However, the BI-FAST instant payment service will remain fully operational to ensure continuous fund transfer capabilities for the public during the holiday period.

US-Iran tensions threaten price hikes; West Java accelerates infrastructure to safeguard region

West Java Governor Dedi Mulyadi credited an aggressive infrastructure spending strategy implemented in October 2025 as instrumental in navigating current geopolitical tensions and economic pressures. Despite sharp budget constraints, the provincial government completed infrastructure projects worth IDR 629 billion through deferred payment schemes, reducing budget carryover (Silpa) to IDR 520 billion annually under his leadership compared to the previous level of IDR 1.8 trillion.

Indonesian Entrepreneurs Profit Significantly from Iran-Israel Conflict

Escalating geopolitical tensions between Iran, Israel and the United States, coupled with security disruptions in the Strait of Hormuz, have triggered a global supply shock that has driven commodity prices sharply higher, creating windfall profits for Indonesian business conglomerates and their owners. Key beneficiaries include oil and gas producers, coal miners, precious metals exporters and shipping companies, as rising energy and commodity prices boost operating margins and company valuations on the Indonesian stock exchange. The article maps out sector-by-sector gains from this supply chain disruption, with oil price rallies surpassing previous conflicts whilst fertiliser and maritime shipping sectors also see notable gains.

Gianyar Regency Government to Prepare Incentives for Foreign Tourists Affected by Iran War

The Gianyar Regency Government in Bali has announced plans to provide fiscal assistance and incentives for foreign tourists stranded in the region due to international flight cancellations caused by airspace closures across the Middle East during the US-Israel-Iran conflict. The local administration is coordinating with hotel operators and the central government to provide compensation and subsidies for approximately 8,187 passengers affected by the cancellation of 64 international flights at Ngurah Rai Airport between 28 February and 6 March 2026.

Former Information Technology Director General Semuel Abrijani Sentenced to Six Years Over Temporary National Data Centre Corruption

Semuel Abrijani Pangerapan, former Director General of Informatics Applications at Indonesia's Ministry of Communications and Informatics, has been sentenced to six years imprisonment for corruption in a procurement and management scheme for the Temporary National Data Centre (PDNS). The court found him guilty of abusing his authority to benefit PT Aplikanusa Lintasarta and accepting bribes of Rp 6 billion, with the state suffering losses of approximately Rp 140.86 billion. Four other defendants, including private sector officials, also received sentences ranging from five to nine years, with additional fines and restitution orders.

Erdogan: Violations of Turkish airspace cannot be tolerated

Turkish President Recep Tayyip Erdogan told Iranian President Masoud Pezeshkian in a telephone call that any violations of Turkish airspace are unacceptable, following reports that a ballistic missile launched from Iran was intercepted over southeastern Turkey on 9 March. Pezeshkian claimed the missile did not originate from Iran and pledged a thorough investigation, whilst Erdogan expressed condolences over recent deaths in Iran, including from a bombing at a girls' school, amid escalating regional tensions following US-Israeli attacks on Iran.

Rupiah Strengthens Following Trump's Statement That War is Nearly Complete

The Indonesian rupiah strengthened by 86 points (0.51 percent) to Rp16,863 per US dollar on Tuesday, bolstered by President Donald Trump's statement that the conflict with Iran is nearing resolution. Market analysts attributed the currency's appreciation to reduced investor anxiety about prolonged Middle Eastern conflict disrupting global energy supplies and economic growth prospects.