Indonesian Political, Business & Finance News

Archive: 17 March 2026

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Pawn Industry Reports Balanced Loan Applications and Repayments Ahead of Eid

The Indonesian Pawn Company Association (PPGI) reports that loan applications and repayments in the pawn industry remain balanced ahead of Eid al-Fitr 2026, with the sector maintaining its appeal through accessibility and rapid processing. Financing disbursement in the pawn industry surged 60.05 per cent year-on-year to reach Rp143.14 trillion in January 2026, with pawn-based financing dominating at Rp115.98 trillion. The Financial Services Authority projects financing distribution will continue to grow positively during the Ramadan and Eid period, driven by increased consumer demand and seasonal working capital needs for small and medium enterprises.

Coordinating Minister AHY: President Resolute in Commitment to Deliver Quality Housing

Coordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono has affirmed President Prabowo Subianto's steadfast commitment to delivering quality housing through a three-million-house development programme. The nationwide housing initiative, launched at a former Indonesian Railways (PT KAI) site near Manggarai Station in Jakarta, aims to expand access to affordable and adequate housing for low-income and disadvantaged communities across Indonesia whilst addressing the significant proportion of families living in substandard housing.

Approaching Idul Fitri 1447 H, Bulog Continues to Distribute SPHP Rice to Pasar Gedhe Klaten

Bulog's Surakarta branch has distributed three tonnes of stabilisation rice (SPHP) to Pasar Gedhe Klaten market ahead of Idul Fitri 2026, with a maximum retail price of Rp12,500 per kilogram. The distribution aims to control rice price inflation and ensure adequate supply during the peak holiday season, with the Meger warehouse maintaining a secure stock of 13,300 tonnes.

China states stable trade relations with US beneficial for the world

China and the United States have agreed that stable bilateral economic and trade relations benefit both nations and the world, according to a senior Chinese official in Paris. China maintains its consistent position opposing unilateral Section 301 investigations, as stated by Li Chenggang, China's international trade representative at the Ministry of Commerce, following a new round of China-US economic and trade talks.

Discovery of Helmet and Container Provides Initial Lead in Acid Attack on Andrie Yunus

Police have recovered a helmet and container near the scene of a caustic acid attack on Andrie Yunus, Deputy Coordinator of KontraS (a human rights organisation), which provides forensic leads for identifying the perpetrators. Investigators have analysed 2,610 CCTV recordings totalling over 10,000 minutes from 86 cameras and determined that four perpetrators were involved, operating two motorcycles, with evidence suggesting the attack occurred on Thursday evening in Jakarta's Senen district. Police are conducting forensic examinations including fingerprint and DNA analysis on the recovered items to identify the attackers.

Tramadol Emergency: Hard Drugs Sold Through Illegal Convenience and Cosmetics Shops

Indonesian police have intensified crackdowns on the illegal distribution of tramadol and other prescription drugs being sold illicitly through disguised storefronts such as convenience shops, mobile phone outlets, and cosmetics retailers across Jakarta. The National Narcotics Board (BNN) is monitoring the growing trend of hard drug abuse, with multiple arrests made in Central and South Jakarta, recovering thousands of tablets and targeting networks operating without proper licensing. Suspects face charges under Indonesia's 2023 Health Law, with potential sentences of up to 12 years imprisonment or fines reaching Rp5 billion.

Sido Muncul Director Expresses Gratitude While Distributing Aid to 1,000 Underprivileged in Semarang

PT Sido Muncul, a herbal and pharmaceutical company, distributed aid to 1,000 underprivileged residents in Semarang during Ramadan, marking the company's eleventh consecutive year of such charitable activities. Director Dr. Irwan Hidayat emphasised that companies should contribute to communities in their surrounding areas, whilst Semarang Regent Ngesti Nugraha praised Sido Muncul's sustained commitment to local welfare programmes, including stunting mitigation and support for orphans.