Indonesian Political, Business & Finance News

Archive: 13 March 2026

Showing 751-800 of 2,022 articles

Former Bima City Police Drug Unit Head Becomes Suspect in Narcotics Case, Applies for Justice Collaborator Status

AKP Malaungi, former head of the drug unit at Bima City Police, has applied to become a justice collaborator to assist in the investigation of a narcotics trafficking network involving senior police officers. Malaungi tested positive for methamphetamine and amphetamine, and police discovered 488 grams of crystal methamphetamine at his official residence, with allegations that he received billions of rupiah from drug dealers to be passed to the former Bima City Police Chief, AKBP Didik Putra Kuncoro.

Microsoft Announces New Xbox Feature Already Available on Steam for 15 Years

Microsoft has unveiled "Xbox Mode," a new interface feature for Windows 11 PCs and laptops that mirrors the Xbox console experience, unveiled at Game Developers Conference 2026 in San Francisco. The feature closely resembles Steam's "Big Picture Mode" from 2021 and includes a Task Switcher for seamless navigation between games and applications, with rollout planned to begin in April 2026 across select markets.

Worst-Case Economic Scenario for Indonesia: Oil Price US$115, Budget Deficit 4.06%

Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto has presented three scenarios for the Indonesian Crude Oil Price amid Middle East tensions, projecting that the worst-case scenario—with oil at US$115 per barrel—could push the state budget deficit to 4.06%, well above the targeted 3.18%. Airlangga has proposed issuing a Government Regulation in Lieu of Law (Perpu) to allow budget adjustments without parliamentary consultation, citing the precedent set during the Covid-19 pandemic.

Jakarta Stock Exchange Drops 224 Points at Close Amid Ongoing Iran-US Conflict

Indonesia's main stock index (IHSG) declined 3.05 per cent or 224.90 points to 7,137.21 during Friday trading as all sectors recorded losses ahead of a long holiday. Investor concerns about prolonged US-Iran conflict driving sustained crude oil prices and inflation, coupled with new US trade investigations into 60 countries, weighed heavily on market sentiment, though three blue-chip stocks managed gains.

BCA to Distribute Interim Dividends Three Times This Year

PT Bank Central Asia (BCA) will distribute interim dividends three times during 2026, with payments planned quarterly pending Board approval. The bank's Annual General Meeting of Shareholders approved an interim dividend of Rp 41.4 trillion for 2025 earnings of Rp 57.5 trillion, representing a dividend payout ratio of 72 per cent, which exceeds the previous year's 67.4 per cent.

President Prabowo Opens Cabinet Session, Demands Thorough Preparation for Eid Holiday Travel

President Prabowo Subianto convened a plenary Cabinet session at the State Palace on Friday, issuing directives to ensure smooth and safe Eid holiday travel (mudik) in 2026. The President instructed relevant ministers to implement transport fare discounts, increase food assistance to 36 million low-income beneficiaries, ensure timely holiday allowances for civil servants and online transport workers, and maintain stable food supplies and prices across the nation.

Kompas.com Partners with KSP TLM Indonesia to Strengthen Digital Literacy and Financial Inclusion

Kompas.com has partnered with Koperasi Simpan Pinjam (KSP) Tanaoba Lais Manekat (TLM) Indonesia to conduct social media and journalism training in Kupang on 10-11 March 2026, aimed at strengthening digital communication capabilities among cooperative staff and management. The initiative focuses on enhancing financial literacy narratives and empowering women in rural communities across Eastern Indonesia, with KSP TLM serving over 320,000 members across five provinces through inclusive microfinance programmes.

National Police Chief Gives Special Attention to Acid Attack Case Against KontraS Activist

National Police Chief General Listyo Sigit Prabowo has given special attention to the acid attack on Andrie Yunus, deputy coordinator of KontraS (Commission for Missing Persons and Victims of Violence), which occurred in Central Jakarta on 12 March. Investigators have secured CCTV footage, examined witnesses, and launched a formal investigation under Articles 467 and 468 of the 2023 Criminal Code for aggravated assault, with the victim suffering second-degree burns covering 24 per cent of his body.

Independent Commissioner Resigns from CANI Following Chairman's Departure

PT Capitol Nusantara Indonesia Tbk (CANI), a listed shipping company, announced the resignation of Independent Commissioner Heryanto Cokro on 12 March 2026, following the earlier resignation of Chairman Richie Limson. The successive departures have triggered a significant market reaction, with CANI shares declining 9.35% to Rp97 per share, reducing the company's market capitalisation to Rp80.84 trillion.

Rupiah weakens amid Iran's continued closure of the Strait of Hormuz

The Indonesian rupiah weakened by 65 points (0.38%) to Rp16,958 per US dollar on Friday morning, driven by heightened concerns over Iran's new leadership committing to keeping the Strait of Hormuz closed, which threatens critical global oil and gas supplies. The potential spike in oil prices poses inflationary risks globally and could force central banks to reconsider interest rate cuts, whilst Indonesia faces mounting pressure from rising government debt interest payments, which reached Rp99.8 trillion in February 2026 and now represent 27.8% of total state revenue.

Cilacap Regent Caught in KPK Sting Operation

The Corruption Eradication Commission (KPK) has arrested Cilacap Regent Syamsul Auliya Rachman in a surprise sting operation. Syamsul, a PKB politician who won the 2024 Cilacap regent election with 43.81 per cent of votes for the 2025–2030 term, now faces legal proceedings, with the KPK having a maximum 24 hours to determine the formal status of those arrested.

Public utilise Work From Anywhere and annual leave for earlier Eid travel

Indonesian citizens are taking advantage of the government's Work From Anywhere (WFA) policy and annual leave to travel home earlier for Eid al-Fitr 2026, with the scheme operating on 16-17 March for outbound travel and 25-27 March for return journeys. The government has clarified that WFA is a flexible working arrangement rather than a public holiday and has urged companies not to deduct employees' annual leave entitlements for those using the scheme.

BCA to Distribute Dividends Three Times This Year

Bank Central Asia's annual shareholders' meeting has decided to distribute interim dividends three times during 2026, with payments made quarterly—a new initiative aimed at enhancing shareholder value and cash flow. The bank recorded a net profit of IDR 57.5 trillion in 2025 and set a cash dividend of IDR 336 per share, with a dividend payout ratio increased to 72 per cent from 67.4 per cent in the previous year.

Prabowo Questions Airlangga on Government Debt: Among the Lowest in the World?

President Prabowo Subianto questioned Coordinating Minister for Economic Affairs Airlangga Hartarto about Indonesia's government debt levels during a cabinet meeting, expressing surprise that foreign debt stood at just 29.9% of GDP. Upon learning that total government debt (including domestic borrowing) reached approximately 40% of GDP, Prabowo noted that Indonesia's debt burden remained among the lowest globally.

Defence Commission: Change to Alert Level 3 demonstrates measurable and dynamic TNI capability

Commission I of the Indonesian House of Representatives member Amelia Anggraini has stated that the Indonesian National Armed Forces' (TNI) downgrade from Alert Level 1 to Alert Level 3 demonstrates a dynamic and measured defence readiness system responding appropriately to evolving security situations. The change reflects ongoing security assessments and highlights the need for proportionate public communication to prevent misinterpretation of military alert status terminology. The TNI Army implemented Alert Level 3 to strengthen troop readiness for securing areas during the Eid al-Fitr holiday period.

KontraS Activist Andrie Yunus Screams in Pain After Being Doused with Caustic Liquid

Andrie Yunus, Vice Coordinator of KontraS (Commission for Disappeared Persons and Victims of Violence), was attacked with caustic liquid by two unknown assailants in central Jakarta on 13 March 2026, suffering severe burns to his face, eyes, chest and hands. KontraS Coordinator Dimas Bagus Arya reported that a bystander appeared to identify the victim as affiliated with KontraS, raising concerns about targeted violence against the human rights organisation. The perpetrators fled the scene and Yunus subsequently received medical treatment.

SMART Principle to Regulate Children's Social Media Use Without Triggering Family Conflict

Clinical psychologist Teresa Indira Andani recommends parents adopt the SMART principle—Sepakati (agree together), Model, Ajarkan literasi digital (teach digital literacy), and Tetap terbuka untuk ngobrol (stay open to discussion)—to establish social media rules that avoid confrontation with children. The approach emphasises involving children in decision-making, parental modelling, digital literacy education, and maintaining open communication rather than imposing strict unilateral restrictions that often provoke resistance or hidden non-compliance.

Mudik via Toll Road, Prambanan to Purwomartani Takes Only 15 Minutes

A new toll road section connecting Prambanan to Purwomartani in Yogyakarta has reduced travel time to approximately 15 minutes, cutting the journey time in half compared to the traditional 30-minute route via national roads. The toll road will operate functionally from 16 to 29 March 2026 during the Lebaran exodus period, available between 06:00 and 18:00 Western Indonesian Time, as several supporting facilities are still under completion.

Job Hunting Becomes Increasingly Difficult as Humans Said to Be Unprepared for New Era

Artificial intelligence technology is significantly disrupting the job market, with companies citing AI as justification for mass layoffs and recruitment freezes. Despite calls for human adaptation to AI in the workplace, society is not adequately prepared for the employment gaps created by AI adoption, according to BlackRock CEO Larry Fink, with recent graduates and younger generations facing particular vulnerability to job displacement and potential generational tensions.

3.5 Million Homeward Travellers Predicted to Leave Jakarta; Jasa Marga Prepares Measures

Jasa Marga projects that 3.5 million vehicles will depart Jakarta during the 2026 mudik (homeward travel) season, with over 50 per cent heading to the Trans-Java toll road, peaking on 18 March. The toll operator has implemented comprehensive measures including additional operational vehicles and staff, four new functional toll lanes across multiple routes, and traffic engineering strategies including contraflow and one-way arrangements in coordination with police and transport authorities.

Budget Deficit Above 3 Per Cent Discussed, Said Abdullah: Government Has Not Yet Briefed Parliament

The Indonesian government faces public discussion regarding a possible expansion of the national budget deficit beyond 3 per cent of GDP, though the Budget Committee of Parliament states it has not yet received formal proposals from the Finance Ministry on this matter. Committee Chair Said Abdullah insists the government still has fiscal space to maintain the deficit below 3 per cent through strengthened tax collection, including implementation of a "coretax system," and potential increased revenues from higher commodity export prices.

Parliament Urges Authorities to Thoroughly Investigate Perpetrators of Acid Attack on KontraS Activist Andrie Yunus

A Deputy Chair of Parliament's Commission XIII has condemned the acid attack on Andrie Yunus, Vice Coordinator of KontraS (Commission for the Disappeared and Victims of Violence), who suffered 24% burn injuries across his body including his face, hands, chest and eyes. The incident occurred on 23 November outside the Indonesian Legal Aid Foundation office following a podcast recording on remilitarisation and judicial review in Indonesia. Parliamentary officials are demanding a thorough police investigation to identify the perpetrators and motives, characterising the attack as an attempt to silence human rights defenders and critical voices.

Macron: French soldier killed in drone attack in Iraq

French President Emmanuel Macron announced that Staff Sergeant Arnaud Frion has died from wounds sustained in a drone attack on a French military base in Erbil Province, Iraq, on 13 March. The attack, which also wounded five other French soldiers, occurred amid escalating tensions in the Middle East following combined US-Israeli military operations on 28 February, to which Iran has responded with repeated strikes against Israeli and American targets in the region.

Four-year-old Child Who Scavenged in Cakung Returned to Mother in Sumedang

A four-year-old boy who became viral after being filmed scavenging for plastic bottles in Cakung, East Jakarta, has been returned to his mother in Sumedang, West Java. The child had been living with his grandmother whilst scavenging for waste, following his father's incarceration and his mother's remarriage. East Jakarta Metro Police coordinated with Jakarta's Social Affairs Agency to facilitate the child's return and ensure continued welfare monitoring across jurisdictions.

BTN Prepares IDR 23.18 Trillion in Cash for Eid al-Fitr 2026

PT Bank Tabungan Negara (BTN) has prepared IDR 23.18 trillion in cash to ensure sufficient liquidity for citizens and customers during the Eid al-Fitr 2026 period from 13 to 25 March. The bank will allocate approximately 63 per cent of the funds to cash needs at BTN outlets nationwide, with the remaining 37 per cent designated for ATM and CRM machines, whilst also promoting digital transaction services through its Bale by BTN super app.

Prabowo: Many Nations Facing Crises; People Should Remain Calm, Situation Still Manageable

President Prabowo Subianto has warned that the world is currently experiencing significant uncertainty with many nations facing crises, whilst assuring Indonesians that the government will manage the situation and the country still possesses the necessary strength and capability. During a Cabinet meeting in Jakarta on Friday, Prabowo also instructed that economic activity must continue uninterrupted and urged the public to remain calm whilst directing government agencies to ensure safe and orderly Eid holiday travel arrangements.

Ministers Take Notes During President Prabowo's Cabinet Briefing

Ministers from President Prabowo Subianto's Red and White Cabinet took notes during a cabinet meeting at the Presidential Complex on 13 March 2026, with several senior officials including the Attorney General, Military Commander, and various sectoral ministers documenting the President's directives. The briefing covered key policy areas including social assistance expansion, food supply security, and tourism development, with ministers visibly taking notes when their portfolios were addressed by the President.

Kutai Kartanegara District Government Increases RSUD Facilities to Improve Public Healthcare Services

The Kutai Kartanegara District Government has expanded facilities at Dayaku Raja General Hospital in Kota Bangun District, East Kalimantan, including a new building and medical equipment to enhance healthcare delivery for rural residents. The hospital aims to provide four essential services—internal medicine, paediatrics, surgery, and obstetrics and gynaecology—locally to avoid patient referrals to facilities in Tenggarong or Samarinda. The hospital recorded revenue of Rp14 billion in 2024 and Rp21 billion in 2025, with the district government targeting Rp35 billion as the facility continues to improve its services.

Indonesia postpones D-8 summit

Indonesia's Foreign Ministry has announced the postponement of the 2026 D-8 Summit scheduled for Jakarta until further notice, citing ongoing developments in the Middle East region. The decision was made following consultations with D-8 members, the organisation's secretary-general, and diplomatic representatives, with member nations expressing concerns about the escalating conflict involving the United States, Israel, and Iran.

JSX Plummets to 7,137 Level as Major Banking Stocks Come Under Pressure

The Jakarta Composite Index (IHSG) closed down sharply on Friday 13 March 2026, falling 224.91 points or 3.05 per cent to 7,137.21, with major indices including LQ45 and KOMPAS100 declining significantly. Banking sector big caps including Bank Mandiri, Bank Rakyat Indonesia, and Bank Central Asia faced substantial selling pressure, whilst most other sectors also recorded losses despite isolated gains in some energy and mining stocks.

Iran-Israel Conflict Threatens To Increase Beverage Packaging Costs In Indonesia

Indonesia's food and beverage industry is monitoring potential price increases for packaged drinks, particularly bottled water, due to rising crude oil costs stemming from the Iran-Israel conflict. The Director General of Agro-Industry at the Ministry of Industry warns that whilst the sector is not energy-intensive, plastic packaging costs—which can represent the majority of production costs—are highly vulnerable to global petroleum price fluctuations, potentially amplifying cost increases by multiples of upstream price rises.

Pekalongan Regent Fadia Arafiq Denies Being Caught in Anti-Corruption Sting Operation

Suspended Pekalongan Regent Fadia Arafiq has denied being caught in a Corruption Eradication Commission (KPK) anti-corruption sting operation, claiming no financial transaction occurred at the time of the raid. Fadia was designated a suspect by the KPK in March 2026 for alleged corruption involving procurement contracts worth billions of rupiah through a family-owned company, PT Raja Nusantara Berjaya.

Bahlil Seeks Best Alternative for Oil Imports If Strait of Hormuz Closes

Indonesia's Energy Minister Bahlil Lahadalia is preparing contingency plans to diversify oil imports from alternative sources including the United States, Brazil, Australia, and Nigeria, should Middle Eastern oil shipments through the Strait of Hormuz be disrupted by Iranian actions. The move reflects broader regional tensions in the Persian Gulf and reflects Indonesia's efforts to secure energy resilience amid global oil market volatility and geopolitical instability involving Russia, the US, and Iran.

Traffic Management Measures for Eid 2026 Homecoming and Return Journey Announced

The Indonesian government has announced comprehensive traffic management measures for the anticipated congestion during the 2026 Eid holiday exodus and return journey, implementing one-way systems, contraflow, and odd-even vehicle schemes across major toll roads. Peak homebound traffic is projected to occur in two waves on 14-15 March and 18-19 March 2026, with traffic restrictions applied from 17 March to 29 March across key routes connecting Jakarta, Cikampek, Semarang, and other regional corridors. These coordinated measures aim to maintain smooth traffic flow for millions of holiday travellers using Indonesia's toll road network.

Reconstruction of Unresolved Murder Case Reveals How Husband Killed Unregistered Wife in Depok

Police in Jakarta conducted a reconstruction of the murder case in which Ahmad Ronny Hasiholan, 44, killed his unregistered wife DH, 56, in Depok in March. The suspect demonstrated 56 scenes of the crime, from the initial murder to wrapping the body in carpet and covering it with coffee powder. Police suspect the motive was rooted in economic hardship and hurt feelings after the victim evicted the suspect from her home.

InJourney Proposes Indonesian Airports as Foreign Aircraft Parking Facilities

PT Aviasi Pariwisata Indonesia (InJourney) is conducting a study to offer Indonesian airports as temporary parking facilities for foreign aircraft stranded due to Middle East geopolitical tensions, particularly airlines such as Emirates, Qatar Airways, and Etihad. The initiative encompasses major hubs including Soekarno-Hatta, Yogyakarta International Airport, and Lombok airports, positioning Indonesia as a safe and strategically located alternative whilst the conflict persists. The proposal aims to generate additional revenue for Indonesia whilst demonstrating humanitarian solidarity with those affected by regional instability.

Islamic Scholar Abdul Somad: Police Duty Is Not Merely Employment but a Sacred Trust

Islamic scholar Ustaz Abdul Somad addressed South Sumatra Provincial Police personnel during Friday prayers on 13 March 2026, emphasising that police work constitutes a sacred trust (amanah) requiring accountability before both society and God, rather than merely being employment. He stressed that all professions, including law enforcement, can serve as acts of worship when performed with sincere intention and integrity. His message underscored that positions of authority are trusts to be used for upholding justice, not personal benefit.

KPK Reveals Former Religious Affairs Minister Yaqut Cholil Qoumas Ordered Additional Hajj Quota Separated

The Indonesian Corruption Eradication Commission (KPK) has disclosed that former Religious Affairs Minister Yaqut Cholil Qoumas allegedly instructed his special staff to segregate an additional 20,000 hajj quotas for 2024 from Indonesia's regular allocation, causing an estimated loss to the state of Rp622 billion. Qoumas was arrested on 12 March and designated as a suspect in the hajj quota corruption case, with the KPK alleging he received facilitation fees of up to Rp84 million per pilgrim and that the diverted quotas should have gone to regular pilgrims who had waited 47 years for their turn.

Police Gather CCTV Evidence to Investigate Acid Attack on Andrie Yunus

Indonesian National Police are collecting and analysing CCTV footage and digital evidence to identify the perpetrator of an acid attack on Andrie Yunus, deputy coordinator of KontraS (a commission investigating enforced disappearances and violence), who sustained burns covering approximately 24 per cent of his body. The investigation, led by Central Jakarta Police with support from the Metro Jaya Regional Police and National Police headquarters, includes witness interviews at the crime scene.

Internship Programme Participants' Allowances Tax-Free Until December 2026

The Indonesian government has implemented a policy whereby income tax (PPh 21) on allowances received by participants in the national internship programme is borne by the state, enabling interns to receive their full stipends tax-free. This tax exemption scheme applies from October 2025 through December 2026 and covers recent graduates participating in government-approved internship programmes who hold a tax identification number.

Vivo X300 Pro Specifications: A Smartphone That Feels Like a Professional Camera

Vivo has launched the X300 Pro, a premium photography-focused smartphone featuring a 200MP sensor, ZEISS APO telephoto lens with CIPA 5.5 stabilisation, and advanced AI image processing capabilities. Priced at Rp18,999,000 for the top-tier variant in Indonesia, the device targets content creators and photography enthusiasts seeking professional-grade imaging without carrying dedicated camera equipment.

Health Ministry: Measles cases drop to 511 by week 9 thanks to immunisation drive

Indonesia's measles cases declined to 511 in week 9 of 2026 from 531 cases, with the Health Ministry attributing the decrease to widespread immunisation campaigns and public health education. The ministry is targeting 95 per cent immunisation coverage before Eid al-Fitr 2026, with vaccination programmes already underway across 50 districts and cities to mitigate transmission risks during the holiday travel period when one infected person can transmit the highly contagious disease to 12-18 others.

Police Guarantee Full Investigation into Suspected Acid Attack on KontraS Activist

Andrie Yunus, Deputy Coordinator of the Commission for Missing Persons and Victims of Violence (KontraS), was allegedly attacked with corrosive liquid by an unknown assailant in Central Jakarta on 12 March 2026, suffering burns covering 24 per cent of his body. The Indonesian Police have pledged to thoroughly investigate the incident, with assistance from the Metro Jaya Regional Police and the National Serious Crimes Directorate. KontraS views the attack as an attempt to silence human rights advocates and has invoked relevant laws protecting human rights defenders.

KPK: 50:50 Division of Hajj Quota Ordered by Yaqut

The Corruption Eradication Commission (KPK) has revealed that the controversial 50:50 division of Indonesia's additional hajj quota of 20,000 places was ordered by former Religious Affairs Minister Yaqut Cholil Qoumas. The decision deviated from the statutory requirement that special hajj quotas should not exceed 8 per cent of the total, and the KPK estimates the state suffered losses of approximately IDR 622 billion as a result of the alleged corruption in managing the hajj quotas for 2023 and 2024.

Chinese Company Wins Waste-to-Energy Power Project in Bogor Again

Danantara Indonesia has selected Zhejiang Weiming Environment Protection Co., Ltd., a Chinese company, as the operator for a Waste-to-Energy (WtE) facility in Bogor Raya following a comprehensive partner selection process involving international firms. This marks the second major win for Zhejiang Weiming, which previously secured a similar contract for a WtE facility in Denpasar, with the operator required to establish a consortium to facilitate technology transfer and collaboration with local government and Indonesian enterprises.

Indonesia Postpones D8 Summit Amid Unresolved Middle East Conflict

Indonesia's Ministry of Foreign Affairs has postponed the D8 (Developing Eight) summit, a multilateral economic forum comprising eight developing nations, due to escalating tensions in the Middle East that remain unresolved. The summit, originally scheduled for April 2026 in Jakarta, will be rescheduled at a later date to be determined once the regional situation stabilises. All member nations have been notified and have accepted Indonesia's decision to defer the conference and its associated activities.

Finance Minister Purbaya: New Whoosh Debt Restructuring Scheme Finalised, Awaiting Presidential Announcement

Finance Minister Purbaya Yudhi Sadewa has confirmed that debt restructuring negotiations for the Indonesia-China High-Speed Rail project (Whoosh) have reached final agreement, though the specific details will be announced by President Prabowo Subianto. The restructuring is a prerequisite for expanding the high-speed rail line to East Java, with the government working in collaboration with investment management body Danantara Indonesia to resolve the operator's financial burden.

Prabowo Announces Holiday Allowance for Online Ride-Hailing Drivers for First Time: Rp 400,000 to Rp 1.6 Million

President Prabowo Subianto has directed the Ministers of Labour, Finance, and Investment to ensure that holiday allowances (THR) for 2026 are distributed to all civil servants nationally, and that online ride-hailing drivers receive holiday bonuses for the first time. The government plans to provide between Rp 400,000 and Rp 1.6 million per driver, marking a significant expansion of social benefits to the gig economy workforce.

Whoosh Service Returns to Normal Operations Tomorrow Ahead of Eid

KCIC, the operator of the Whoosh high-speed rail service, has announced that normal operations will resume on 14 March 2026, with 62 daily services replacing the reduced schedule of 42 journeys implemented during high-voltage cable relocation work. The resumption ahead of the 2026 Eid transport season aims to accommodate increased public mobility demand, with services running from 06:05 to 21:25 from both terminal stations.

Construction of 218 Bridges in 2.5 Months Shows Government Presence, Prabowo States

President Prabowo Subianto has praised government ministers and officials for rapidly constructing 218 bridges across Indonesia within 2.5 months following his directive to accelerate infrastructure development. The bridge construction programme, officially inaugurated on 9 March 2026, aims to improve public access and support communities affected by disasters in North Sumatra, Aceh, West Sumatra, South Kalimantan, and parts of Java where infrastructure was damaged.