Indonesian Political, Business & Finance News

Archive: 12 March 2026

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Garut Regent Highlights SPPG Programme's Reliance on External Raw Materials

The Regent of Garut has criticised the 425 Nutritional Service Units (SPPG) operating in the district for sourcing raw materials from suppliers outside the region rather than from local farmers and traders. Whilst acknowledging the programme's success in improving child nutrition through the free healthy meal initiative, he emphasised that the national strategic programme must deliver tangible economic benefits to the local community by prioritising local supply chains.

Merdeka Gold's Losses Swell to US$27 Million Despite Rising Gold Prices, Why?

PT Merdeka Gold Tbk (EMAS) recorded a net loss of US$27.49 million in 2025, more than doubling from US$12.69 million in 2024, despite global gold prices surging 65 per cent to US$4,300 per troy ounce. The losses stem from the company's inability to commence gold sales, with operations only beginning in October 2025 focused on overburden removal, whilst revenue from equipment rental contracted sharply by 92.5 per cent.

General Petraeus: US 'Likely' Behind School Attack in Iran That Killed 168 People

Former CIA Director General David Petraeus has stated that the United States military is "likely" responsible for a deadly attack on a school in southern Iran that killed 168 people, mostly children, citing the use of Tomahawk missiles as the primary evidence. Initial US military investigations suggest the attack resulted from outdated intelligence data regarding the target, though Defence Secretary Pete Hegseth maintains that civilian targeting was not intentional. Democratic senators have formally demanded answers from the Defence Secretary regarding the incident and whether proper rules of engagement were followed to prevent war crimes.

Prabowo Orders Construction of 100 GW Solar Power Plants to Accelerate Energy Transition

President Prabowo Subianto has ordered the acceleration of solar power plant (PLTS) development with a capacity of up to 100 gigawatts to drive electrification and renewable energy expansion in Indonesia. Speaking at an event in Jakarta, Prabowo emphasised that this is a government decision that must be realised as quickly as possible, with energy independence targeted to be achieved within four years as part of broader efforts to build self-sufficiency amid global uncertainty.

Angkasa Pura: Multiple Airlines Request Additional Flights to BIM

Angkasa Pura II reported that several airlines have submitted requests for additional flights to Minangkabau International Airport (BIM) in West Sumatra ahead of the Eid al-Fitr holiday. As of 11 March 2026, the airport has received 54 additional flight requests from Garuda Indonesia, Lion Group, Pelita Air, and Citilink, reflecting strong ticket sales and passenger demand. The airport anticipates a 12 per cent increase in passenger traffic compared to the previous year's Eid holiday period, with peak traffic expected three days before Eid.

Foreign nationals arrested at Soekarno-Hatta for drug smuggling

Indonesian customs authorities arrested six individuals—three foreign nationals and three Indonesian citizens—at Soekarno-Hatta International Airport between January and February 2026 for attempting to smuggle over 13,000 grams of various narcotics including ketamine, methamphetamine, MDMA, and etomidate. The smugglers employed concealment methods such as hiding drugs in instant drink packaging, soap, and coconut oil containers, with the suspects charged under Indonesia's narcotics and health laws carrying penalties up to death or life imprisonment.

Pantau Exploring Mudik 2026: Homecoming Made Safer and More Secure

Indonesia's 2026 Lebaran holiday mudik (homecoming) is projected to attract 143.9 million travellers, creating significant economic momentum across transportation, energy, tourism, and local businesses. The government is supporting the migration period with the BINA (Belanja di Indonesia Aja) Lebaran 2026 programme, involving 380 companies and over 80,000 retail outlets, targeting consumption of Rp 53 trillion—a 20 per cent increase from the previous year.

Beware of Surge in Digital Fraud Ahead of Holiday Allowance Disbursement

Indonesia faces a significant surge in digital fraud schemes targeting citizens during the annual holiday allowance (THR) disbursement period, with cybercriminals employing increasingly sophisticated techniques such as phishing, smishing, and malware distribution. Security experts warn that fraudsters are exploiting gaps in digital literacy and the heightened transaction activity during the Ramadan season, and recommend protective measures including stronger device security and biometric protection alongside password protection. The public is encouraged to adopt cautious online behaviour and avoid clicking suspicious links to prevent falling victim to digital fraud during the festive period.

Bank Jago's Net Profit Surges 115 Percent to Rp 276 Billion in 2025

PT Bank Jago Tbk (ARTO) reported a net profit after tax of Rp 276 billion in 2025, a 115 percent increase from Rp 129 billion in 2024, driven by robust growth in digital banking services and strong credit disbursements. The bank expanded its customer base to 18.2 million users whilst increasing third-party funds by 38 percent to Rp 25.9 trillion and loan disbursements to Rp 24.3 trillion, maintaining disciplined risk management with an NPL ratio of 0.6 percent. Bank Jago's total assets reached Rp 36.5 trillion, reflecting 28 percent growth year-on-year, with a healthy capital adequacy ratio of 31.6 percent.

Muhammadiyah Explains Process for Determining 1 Syawal 1447 H

Muhammadiyah's Tarjih and Tajdid Board has announced that 1 Syawal 1447 Hijri falls on Friday, 20 March 2026, based on the Global Single Hijri Calendar (KHGT) system which unifies the Islamic calendar globally using unified astronomical parameters. The system requires an elongation of 8 degrees and moon height of 5 degrees at sunset, with the new month beginning simultaneously worldwide once criteria are met anywhere on Earth before 24:00 UTC, representing Muhammadiyah's effort to resolve fourteen centuries of Islamic timekeeping uncertainty.

Finance Minister Purbaya Reveals Central Government Spending of IDR 346 Trillion in Two Months

Finance Minister Purbaya Yudhi Sadewa announced that central government spending has reached IDR 346.1 trillion by end of February 2026, a 63.7% increase compared to the same period last year, as the government accelerates fiscal stimulus throughout the year rather than concentrating expenditure at year-end. The spending breakdown reveals major allocations across ministerial and institutional budgets (IDR 155 trillion), employee benefits including 355,000 new civil servants (IDR 45.1 trillion), social assistance programmes (IDR 27 trillion), and capital expenditure (IDR 15.3 trillion) to support economic growth.

Muhammadiyah Members in Bali Urged to Perform Takbir at Home During Nyepi Observance

Muhammadiyah's Denpasar regional leadership has issued guidance to members to perform the Takbir night prayer at home without loudspeakers on 19 March 2026, as Eid al-Fitr celebrations coincide with Nyepi, Bali's Hindu Day of Silence. The guidance also requests that worshippers delay their departure for communal Eid prayers until after 06:00 WITA on 20 March, when the Nyepi observance concludes, reflecting efforts to maintain religious harmony and tolerance amongst Bali's diverse faith communities.

Oil Price Breaches US$100 Per Barrel Again

Crude oil prices have surged past US$100 per barrel, with Brent crude reaching US$110.02 and WTI at US$94.21 on 12 March 2026, driven by escalating tensions in the Strait of Hormuz and Iranian warnings of prices potentially reaching US$200 per barrel. Iran's Revolutionary Guards have reportedly attacked multiple vessels transporting fuel through the Gulf, prompting Iraq to completely shut down its oil ports and leading the International Energy Agency to release 400 million barrels of strategic reserves. The situation marks one of the worst energy supply shocks since the 1970s oil crisis, with shipping activity nearly halted in a critical waterway that carries approximately one-fifth of global oil supplies.

Prabowo Meets Luhut to Discuss Impact of Middle East Conflict

President Prabowo Subianto met with the Chairman of the National Economic Council (DEN) Luhut Binsar Pandjaitan to discuss the potential economic impacts of Middle East conflict escalation on Indonesia and the global economy. The government assured that fuel and gas supplies remain sufficient and emphasised the importance of accelerating energy self-sufficiency and strengthening government digitalisation to improve state budget efficiency.

Batam International Airport projects 280,000 passengers during Lebaran 2026 transport period

Batam International Airport is projecting approximately 280,000 passengers during the Lebaran 2026 period (13-30 March), representing a 3 per cent increase compared to the previous year. The airport has established readiness posts and is processing approximately 266 additional flight requests from airlines awaiting approval from the Ministry of Transportation, with peak travel anticipated on 18 March for outbound journeys and 28 March for returns.

Transjabodetabek Blok M-Soekarno-Hatta Airport Route Features Luggage Storage, Stops at Kalayang Station

The Transjabodetabek bus service on the Blok M to Soekarno-Hatta International Airport route has launched with 14 low-entry Metrotrans buses equipped with luggage storage facilities and stops at Kalayang Station, which connects to the airport's skytrain network. The 65.1-kilometre route takes approximately 121 minutes, with initial fares set at Rp3,500 for three months before evaluation. Jakarta Governor Pramono Anung positioned the service as a competitive and affordable alternative to existing transport options such as Damri coaches and taxis.

Academic Assesses Free Nutritious Meal Programme as Effective Amid Global Economic Pressures

A leading economist at Muhammadiyah University of Yogyakarta argues that Indonesia's free nutritious meal programme (MBG) can remain effective during global economic uncertainty if managed transparently with strong oversight and community participation. He emphasises that the programme's effectiveness varies by region and depends on integrating local producers into the supply chain, warning that poor governance and rent-seeking behaviour could undermine both nutritional and economic benefits.

PTP Nonpetikemas Wins Award at 15th BUMN Awards 2026

PT Pelabuhan Tanjung Priok (PTP Nonpetikemas), a state-owned port operator, received the National Hub Port & Strategic Maritime Connectivity award at the 15th BUMN Awards 2026, recognising its contributions to strengthening national maritime connectivity and supply chain efficiency. The award reflects the company's commitment to operational excellence, corporate governance, and competitive port services across Indonesia's non-containerised cargo terminals. The event, attended by 79 state-owned enterprises, emphasised BUMN transformation towards sustainable economic value creation under the theme "BUMN towards Indonesia Emas: Strong Governance, Sustainable Economic Value".

Causes of Ride-Hailing Crisis in Jakarta Ahead of Eid: Avoid These Peak Hours

Jakarta has experienced widespread difficulties in booking ride-hailing services during the final days of Ramadan, as numerous drivers have returned to their hometowns for the holiday and demand has surged during specific peak hours. Gojek and Grab attribute the shortage to driver exodus, extreme weather conditions causing traffic congestion, and concentrated demand between 15:30 and 18:00 WIB, particularly in central Jakarta's business district. Both platforms are implementing special incentive schemes to encourage drivers to continue operating during the Eid holiday period.

Commission XI Selects Friderica Widyasari Dewi as Chairman of OJK

Commission XI of the House of Representatives has appointed Friderica Widyasari Dewi as Chairman of the Financial Services Authority (OJK) for the 2026–2031 term, replacing Mahendra Siregar who resigned. The decision was made by consensus, with lawmakers recognising her positive performance as acting chairman during a challenging period for the financial services sector, particularly capital markets. The appointment is subject to final approval by the full House of Representatives plenary session.

Parliament Approves Hajj Financial Management Bill as Parliamentary Initiative Proposal

Indonesia's House of Representatives approved a draft bill on hajj financial management as a parliamentary initiative proposal following extensive harmonisation discussions with relevant ministries and experts. The revised bill removes the non-profit requirement, strengthens corporate financial management without dividend distribution, and proposes that the Financial Services Authority (OJK) oversee hajj fund placements and investments.

Health Minister: Donation of 31 Ambulances for Sumatra Demonstrates Community Spirit

Indonesia's Health Minister Budi Gunadi Sadikin announced the donation of 31 ambulances from various private partners for disaster-affected areas in Sumatra, describing it as a manifestation of extraordinary community spirit and mutual assistance. The government is allocating 529 billion rupiah for healthcare provision in the affected regions, with plans to procure essential medical equipment including beds, tables, refrigeration units for vaccines, and advanced technology such as CT scanners and MRI machines by June 2026. Additionally, approximately 1,000 healthcare workers whose homes were damaged in the disaster will receive renovation funds ranging from 15 to 60 million rupiah depending on the extent of damage.

9.03 Million Passengers Expected to Travel by Air During Eid Holiday Period

PT Angkasa Pura Indonesia (InJourney Airports) projects 9.03 million passengers will use air transport across 37 airports during the 2026 Eid holiday period, representing a 2 per cent increase on the previous year. The company anticipates 63,553 aircraft movements during the peak travel period from 13 to 30 March, with travel peaks expected on 14 March for outbound journeys and 28 March for return journeys.

Agriculture Minister Purchases Coconut Climbing Equipment from ITS, Farmers No Longer Need Monkeys

Indonesia's Agriculture Minister Andi Amran Sulaiman has announced the purchase of innovative coconut climbing equipment developed by the Institut Teknologi Sepuluh Nopember (ITS), replacing the traditional and risky practice of using monkeys and manual climbing. The ministry has ordered ten units for pilot testing, with plans to expand procurement if the technology proves effective, as coconut demand remains high in global markets and the equipment can reach difficult-to-access areas of trees and increase farmer productivity.

Parliament Plenary Agrees to 3 DPR Legislative Initiatives: Domestic Worker Protection Bill to Copyright Bill

Indonesia's House of Representatives (DPR) plenary session has approved three bills as legislative initiatives to be discussed with the government: the Domestic Worker Protection Bill (PPRT), the Hajj Financial Management Bill, and the Copyright Bill. The bills, proposed by different DPR commissions, will now await presidential letters and problem inventories before formal discussion with the government. Deputy Speaker Sufmi Dasco Ahmad indicated that the PPRT and Copyright bills are prioritised for passage this year.

PA GMNI Highlights Democratic Deficit and Ethical Standards of State Administrators

The Central Board of GMNI Alumni Association held a national dialogue on political restructuring in Indonesia, highlighting concerns about democratic deficit and ethical shortcomings among state administrators nearly two decades after the 1998 reform movement. Key speakers pointed to constitutional court decisions that have fundamentally altered electoral mechanisms and separated national and local elections, arguing that without strong ideological awareness and commitment to substantive democracy, such changes risk triggering democratic backsliding and institutional imbalance.

Minister Bahlil Urges Public Not to Panic Buy, Government Secures Fuel and LPG Supply

Energy and Mineral Resources Minister Bahlil Lahadalia has assured Indonesians that fuel and liquefied petroleum gas (LPG) supplies are secure and abundant, urging the public to avoid panic buying. The government has diversified LPG imports, shifting 70 per cent sourcing from the Middle East to the United States and redirecting 25 per cent of crude oil sourcing away from the Middle East, whilst guaranteeing subsidised fuel and LPG prices will not increase until after Idulfitri celebrations by expanding the subsidy budget to cover rising international commodity costs.

South Sumatra Police Arrest 3 Drug Dealers, 26 Methamphetamine Packets Ready for Distribution Seized

South Sumatra Regional Police arrested three drug dealers and seized 26 packets of methamphetamine ready for distribution across Palembang and Lubuk Linggau within a 24-hour period from 10-11 March 2026. The arrests resulted from community tip-offs and led to the seizure of drug paraphernalia and cash, with investigations ongoing to identify larger supply networks. The suspects face charges under Indonesia's Narcotics Law with penalties of at least five years imprisonment.

KPK: Citizens Must Be Smarter in Choosing Regional Leaders Following Spate of Sting Operations

The Corruption Eradication Commission (KPK) has urged the public to be more discerning when voting in regional elections following nine regional leaders being caught in recent sting operations. The KPK Deputy for Enforcement and Execution emphasised the need for voters to choose candidates based on quality and integrity rather than pragmatic considerations or personal benefits, citing the arrests as a cautionary lesson for the electorate.

Parliament Plenary Session Approves Five New OJK Leadership Members

Indonesia's House of Representatives has approved five new members of the Financial Services Authority (OJK) Board of Commissioners for the 2026-2031 term, following fit and proper testing by Commission XI. The approved appointments include Friderica Widyasari Dewi as Chairman, Hernawan Bekti Sasongko as Vice Chairman, and three executive heads overseeing capital markets, financial technology innovation, and consumer protection respectively. The new leadership was selected from ten candidates to fill vacancies left by four OJK officials who resigned in late January 2026.

United States Warns Iranian Citizens to Avoid Strait of Hormuz Ports

The United States Central Command has issued a warning to Iranian civilian workers and commercial shipping crews to avoid ports and naval vessels near the Strait of Hormuz amid reports of planned Iranian military operations. The Islamic Revolutionary Guard Corps has reportedly attacked two ships transiting the strategic waterway, with Iran's navy commander asserting that all vessels must obtain Iranian permission to pass through the strait, raising tensions over one of the world's most critical shipping corridors.

Police Continue Investigation into SPBU Babelan Robbery Case, Losses Estimated at Rp130 Million

Police are investigating a robbery at an Authorized Fuel Station (SPBU) in Babelan, Bekasi regency, West Java, where approximately Rp130 million in sales revenue was stolen from a safe. Four suspects allegedly scaled the petrol station's fence and assaulted five employees who were resting on the premises, using what appeared to be a toy pistol along with machetes and crowbars to threaten victims and extract cash from the safe before fleeing.

Prabowo: Crisis is a Blessing in Disguise

President Prabowo Subianto characterised global crises as opportunities for Indonesia to accelerate government programmes and achieve self-sufficiency in food and energy. Speaking at an investment management body's anniversary event, Prabowo expressed confidence that Indonesia's abundant natural resources and strong institutions would enable the nation to emerge stronger from the current turbulent period.

Bill on Domestic Worker Protection Becomes DPR Legislative Initiative

Indonesia's House of Representatives (DPR) has approved the Domestic Worker Protection Bill (PPRT) as a legislative initiative, with eight parliamentary factions supporting the measure. The bill will establish comprehensive protections for domestic workers, including regulations on recruitment, vocational training, social security benefits, and labour dispute mediation, whilst prohibiting illegal wage deductions and unregulated employment arrangements.

Jakarta provincial parliament calls for optimisation of Rorotan RDF to support Bantargebang waste treatment facility

The chairman of Jakarta's provincial parliament has called for the optimisation of the Refuse Derived Fuel (RDF) facility in Rorotan, North Jakarta, to alleviate pressure on the overcapacity Bantargebang integrated waste treatment facility (TPST). With Jakarta producing approximately 8,700 tonnes of waste daily and recent landslides at Bantargebang claiming casualties, the provincial government argues that RDF facilities represent a critical long-term waste management solution and could reduce waste sent to Bantargebang by up to 30 percent.

DSSA to conduct 1:25 stock split, share price to drop to this level

PT Dian Swastatika Tbk (DSSA), part of the Sinar Mas Group, has received shareholder approval to conduct a 1:25 stock split, reducing the nominal value from Rp25 to Rp1 per share. Based on the previous closing price of Rp77,750 per share, post-split shares will trade at approximately Rp3,110 each, with the number of outstanding shares increasing from 7.7 billion to 192.63 billion. The company aims to broaden investor accessibility and improve trading liquidity by making shares more affordable.

Plenary session approves Bill on Hajj Finance Management as a parliamentary proposal

Indonesia's parliament plenary session approved a bill to amend the 2014 Law on Hajj Finance Management, submitted as an official House of Representatives proposal by Commission VIII. The Hajj Finance Management Body (BPKH) stated the institutional design requires no fundamental restructuring but should focus on improving implementation effectiveness, stronger coordination mechanisms, and enhanced investment flexibility.

Tina Wiryawati Urges Acceleration of Merah Putih Cooperative Programme to Strengthen West Java's People's Economy

A West Java provincial legislator from the Gerindra faction has called for expedited implementation of the Merah Putih Cooperative programme across West Java to support micro, small, and medium-sized enterprises (MSMEs) and local businesses. The programme is viewed as a critical instrument for building community economic independence and expanding access to capital, marketing, and business development support. Success requires strong synergy between provincial and regency-level cooperative offices, with a focus on ensuring benefits reach vulnerable populations.

Amran Purchases Agricultural Machinery Manufactured at Indonesian Campuses, Including Tractor and Corn Dryer

Agriculture Minister Amran Sulaiman met with university rectors and representatives to discuss strengthening research collaboration and the direct application of campus innovations to support farmers and agricultural development. The Ministry of Agriculture has signed memoranda of understanding with various universities and begun purchasing their research outputs, including a coconut-climbing device from ITS, a floating tractor, a portable corn dryer from ITB, and high-yielding corn and rice seeds from IPB.

Over One Thousand Subsidised Basic Commodity Packages Distributed in Cimahi Ahead of Eid

More than 1,086 subsidised basic commodity packages were distributed to residents of Cimahi City to help stabilise prices and support household needs during the Eid holiday period. Each package, valued at IDR96,700, was sold to residents for only IDR40,000 thanks to government subsidies of IDR56,700, containing rice, cooking oil, sugar, and flour. The programme forms part of West Java Province's broader market operations initiative, which distributed 94,391 packages across 27 regencies and cities as part of inflation control efforts targeting low-income households ahead of Eid.

Smart Strategy for Managing Annual Holiday Bonus Amid Global Uncertainty: Apply the 3P Principle

The Financial Services Authority (OJK) financial planner Rista Zwestika has introduced a practical 3P principle (Priority, Protection, Celebration) to help Indonians manage their Eid holiday bonus (THR) wisely amid global geopolitical uncertainty and rising energy and food prices. The framework prioritises meeting religious obligations and basic family needs, building emergency reserves and low-risk investments, and celebrating proportionally without excessive spending to maintain long-term financial stability.

One Year of Danantara Indonesia, Strengthening the Foundation for the Future

Danantara Indonesia marked its first anniversary with a reflection gathering attended by President Prabowo Subianto and cabinet ministers, emphasising the importance of integrity, disciplined governance, and long-term orientation in managing state assets to strengthen Indonesia's economic development foundation. The institution distributed 88,000 school supply packages nationwide and launched various social initiatives, with state-owned enterprises including Telkom contributing significantly to educational access programmes across regions.

Ministry of Villages urges transparent management of village funds

Indonesia's Ministry of Villages and Disadvantaged Region Development has called on all village administrations to manage village funds wisely, transparently, and with a focus on improving community welfare. The ministry emphasises that village funds represent a state mandate that must be optimally utilised to drive development and strengthen rural economies, with success dependent on collaborative efforts and simple, incremental approaches to village development rather than large-scale programmes.

BSSN builds resilient national cyber security ecosystem through quad helix model

Indonesia's National Cyber and Cryptography Agency (BSSN) has reaffirmed its commitment to establishing a resilient national cyber security ecosystem through a collaborative quad helix approach involving government, industry, academia, and communities, with media as a strategic partner. The agency introduced the Cyber Resilience and Defence 2026 strategic agenda as a national forum to unite key stakeholders in strengthening adaptive and sustainable cyber resilience. Experts emphasised that digital literacy and effective public communication are essential pillars for building collective societal awareness against evolving cyber threats including infrastructure attacks, malware distribution, and disinformation.

Copyright Law Bill Approved as Parliamentary Legislative Initiative

Indonesia's House of Representatives approved a bill to amend the Copyright Law (Law No. 28 of 2014) as a parliamentary legislative initiative, with eight parliamentary factions supporting the proposal. The revision, part of the 2026 National Legislative Agenda, focuses on reforming the royalty system for musicians, including a staged payment structure with 25 percent due before performances and full payment within 30 days after events. The Legislative Body targets completing the draft amendments by April 2026 after consulting with various stakeholders in the music industry.

President Prabowo Endows 70,000 Qur'ans to Sumatra Disaster Victims

President Prabowo Subianto has endowed 70,000 Qur'ans to communities affected by disasters in the provinces of Aceh, West Sumatra, and North Sumatra. The distribution is being overseen by Interior Minister Muhammad Tito Karnavian in his capacity as head of the Task Force for Accelerated Rehabilitation and Reconstruction of post-disaster Sumatra, with symbolic handovers including religious materials such as prayer mats, sarongs, and headscarves. Beyond religious items, the government is also providing clothing, blankets, and other essential supplies to affected residents across multiple districts in Aceh and neighbouring provinces.

The Story of KH Abdul Wahid Hasyim's Stay at Gontor

This article explores the complex identity of Pondok Modern Darussalam Gontor, a prominent Islamic boarding school in Indonesia that has often been misunderstood as either Muhammadiyah-aligned or excessively modernised. The author explains that Gontor deliberately positioned itself as independent of major Islamic organisational labels, adopting modern educational methods whilst maintaining traditional Islamic practices, a stance that has frequently led to misconceptions about its actual nature and values.

Transjabodetabek Blok M-Soekarno Hatta Route Launched with 2-Hour Journey Time and Promotional Fare of Rp3,500

The Jakarta Provincial Government has officially launched the new Transjabodetabek SH2 bus route connecting Blok M to Soekarno Hatta Airport, offering a 121-minute journey across 23 stops spanning 65.1 kilometres. Governor Pramono Anung announced a promotional fare of Rp3,500 for the first three months to mark the Idul Fitri celebration, with 14 buses operating between 05:00 and 22:00 WIB and a 10–20 minute headway between services. After the promotional period, fares are expected to increase to between Rp10,000 and Rp15,000 following an evaluation of operational costs and subsidies.

Oil Imports from the United States Require Longer Lead Times; Bahlil Reveals Workaround Strategy

Indonesia's Energy and Mineral Resources Minister Bahlil Lahadalia announced the government will redirect oil imports from the Middle East to the United States, accounting for 25 per cent of the country's oil import quota, due to shipping disruptions from the Iran-Israel conflict affecting the Strait of Hormuz. Although US oil imports require approximately 40 days to reach Indonesia compared to 2-3 weeks from the Middle East, the government has implemented long-term ordering strategies and logistics management to mitigate the longer transit times, a method previously used successfully when redirecting liquefied petroleum gas imports.

MAXUS Opens Three Dealerships in Indonesia This Month

MAXUS Indonesia, an electric vehicle manufacturer, is expanding its market presence by opening three dealerships this month—two in West Java (Bandung and Cikarang) and one flagship dealership in South Jakarta—as part of its strategy to strengthen service accessibility and bring premium EV ownership experiences closer to customers. The company aims to reach 20 3S dealerships nationwide by the end of 2026, with integrated sales and after-sales service facilities designed to ensure optimal ownership experiences. This expansion demonstrates MAXUS's commitment not only to technological innovation but also to making premium electric vehicles accessible and reliable for Indonesian consumers.