Indonesian Political, Business & Finance News

Archive: 10 April 2026

Showing 501-550 of 1,637 articles

Iran Considers Agreement with Oman on Strait of Hormuz Control

Iran is contemplating a bilateral agreement with Oman to manage the Strait of Hormuz, viewing Oman as a participant rather than the foundation of the plan, according to Ebrahim Azizi, Chairman of Iran's Parliamentary Commission on National Security and Foreign Policy. This comes amid Oman's push for no tolls on vessels transiting the natural waterway under international maritime law, highlighting legal gaps due to non-signatories like the US and Iran. The discussions follow a US-Iran bilateral ceasefire and Iran's announcement to reopen the strait, which handles 20% of global oil supplies, underscoring the strategic importance for international energy trade.

North Kolaka Regency limits purchases of 3kg LPG to prevent shortages

The North Kolaka Regency government in Southeast Sulawesi has imposed restrictions on the purchase of subsidised 3kg LPG cylinders, allowing individuals to buy only one per person and small businesses up to two, to curb shortages and ensure fair distribution. This measure follows discoveries of bulk purchases by unauthorised entities, including restaurants and large businesses, prompting stricter oversight and mandatory reporting from distribution points. Local authorities, in collaboration with the Civil Service Police Unit, aim to restore normal and equitable supply to eligible residents.

Prabowo: Rescue of Rp370 Trillion in Assets Equivalent to 10 Percent of State Budget

President Prabowo Subianto announced that the Task Force for Regulating Forest Areas (Satgas PKH) has successfully reclaimed state assets in forest regions valued at approximately Rp370 trillion, nearly equivalent to 10 percent of Indonesia's Rp3,700 trillion national budget. This recovery highlights the significant potential losses from prior illegal occupations and enables substantial investments in modernising schools, improving educational facilities, and developing basic infrastructure nationwide. Prabowo praised the task force's efforts, emphasising that safeguarding these assets is crucial for maximising national resources to enhance public welfare.

Crypto Investment Requires In-Depth Understanding, Don't Just Follow FOMO

Interest in cryptocurrency among young Indonesians is surging, prompting the Financial Services Authority (OJK) and CFX crypto exchange to educate university students on risks and informed investing rather than trend-following. A 2025 study by LPEM FEB UI highlights that most digital asset owners are under 35, positioning youth as key drivers of Indonesia's digital finance ecosystem. This collaboration between regulators, industry, and academia aims to foster balanced growth and consumer protection in the crypto sector.

Law Minister reveals disparities in digital platform royalty payments

Indonesian Law Minister Supratman Andi Agtas highlighted significant disparities in royalty payments to creators on digital platforms across ASEAN, despite the region's massive market potential with over 700 million people and 500 million active internet users. Speaking at the ASEAN Collective Management Organization Forum in Bali, he stressed the need for a balanced ecosystem involving creators, industries, and platforms, noting that weekly streaming volumes exceed 6.6 billion but fair distribution remains elusive. Indonesia is actively fostering regional cooperation and engaging global tech giants to promote equitable royalty systems and strengthen intellectual property governance in the digital economy.

YKAN Holds Workshops for Teon Nila Serua Community in Central Maluku

The Nature Conservancy Indonesia (YKAN) organised environmental workshops for the Teon Nila Serua (TNS) community in Central Maluku as part of the Kor'a Inasua Festival, focusing on financial literacy, marine conservation, and food safety to empower local women in entrepreneurship using the traditional fermented fish product inasua. These sessions aimed to enhance the economic value of inasua, promoting sustainable fishing practices and cultural preservation while enabling potential global market expansion. The initiative underscores the role of local wisdom in supporting food security and conservation efforts in the region.

Skyrocketing Plastic Prices: Banana Leaves Could Be the Solution

Amid geopolitical tensions between the US, Israel, and Iran disrupting oil supplies and petrochemicals, plastic prices have surged, presenting an opportunity to shift towards eco-friendly packaging alternatives like banana leaves and recycled paper. Environmental engineering expert Dr Rizkiy Amaliyah Barakwan highlights how this could boost local economies, support circular practices, and align with Sustainable Development Goals, provided there is government policy support and education on hygiene and waste management. The trend is gaining traction among SMEs and consumers via social media, potentially reducing reliance on fossil-based materials.

Attorney General's Office Reveals State Officials Involved in Samin Tan Mining Case

The Attorney General's Office has disclosed the involvement of state officials in the alleged corruption case concerning the management of the PT Asmin Koalindo Tuhup (AKT) mine, with one suspect already designated and priorities focused on securing assets to prevent flight risks. The operation, which lacked legal permits since their revocation in 2017, prompted ministers including Energy and Mineral Resources Minister Bahlil Lahadalia and Defence Minister Sjafrie Sjamsoeddin to reclaim 1,699 hectares of land in Central Kalimantan's Murung Raya Regency. This development underscores ongoing efforts to combat illegal mining and corruption in Indonesia's resource sector, potentially leading to additional suspects.

Prabowo Speaks Out: There Are Individuals Who Use Their Authority to Aid State Fund Thieves

President Prabowo Subianto has openly acknowledged the presence of officials within Indonesia's bureaucracy who misuse their authority to assist in the theft of state funds, despite being entrusted to protect national resources. He praised the Task Force for Forest Area Regulation (Satgas PKH) for recovering Rp370 trillion over 1.5 years, equivalent to 10% of the national budget, and highlighted the challenges and threats faced by its members. This statement underscores the government's commitment to combating corruption and safeguarding public assets.

Vocational School Lecturer: Don't Undermine Food Self-Sufficiency in Pursuit of Energy Self-Sufficiency

Mohamad Endy Julianto, a lecturer at Diponegoro University's Vocational School in Semarang, has urged the government to avoid converting productive agricultural land into energy plantations while striving for energy self-sufficiency. He highlights the risks of global oil price surges on Indonesia's economy and advocates for smarter solutions like producing biodiesel from palm oil and bioethanol from crops such as sugarcane and cassava. Endy envisions a future with widespread electric vehicles, hydrogen for heavy industries, and biodiesel for ships, emphasising that mass conversion of motorcycles to electric models could rapidly reduce fuel imports and avert an energy crisis.

Ministry of Religious Affairs Staff to Work from Home Every Friday: Can Citizens Still Handle Marriage Books?

The Ministry of Religious Affairs (Kemenag) has assured the public that marriage book legalisation services will continue uninterrupted despite a new policy allowing staff to work from home every Friday. Services at the Public Service Counter of the Directorate of KUA Development and Sakinah Family will operate Monday to Thursday from 08:00 to 14:00 WIB and on Fridays from 08:00 to 11:00 WIB to maintain optimal access to religious services. This flexible work arrangement aims to uphold professional standards without compromising public service quality.

Tangerang City Secretary Monitors Inaugural WFH, Ensures Optimal Public Services

Herman, the Secretary of Tangerang City, has overseen the implementation of the initial work-from-home (WFH) policy aimed at energy efficiency, while confirming that all public service agencies continue to operate at full capacity to avoid any disruption to citizen services. During inspections at the Civil Registry Office (Disdukcapil) and Labour Department (Disnaker), he engaged with key stakeholders including APINDO, FKPT, training forums, and BPJS Ketenagakerjaan to foster collaboration that supports investment climate, job absorption, and social security for workers. This approach underscores Tangerang's commitment to balancing national energy-saving directives with unwavering public service priorities and workforce productivity.

Analysts Recommend Retail Investors Gradually Accumulate Big Bank Shares, Here's Why

Shares of major Indonesian banks rebounded strongly on Friday, closing higher after a sectoral dip the previous day, with BBCA surging 3.47% to 6,700 and BBRI up 3.35% to 3,390. Despite net selling by foreign investors totaling billions of rupiah in stocks like BBCA, BBRI, and BMRI, analysts advise retail investors to accumulate these shares gradually due to their stable upward trends and solid momentum. This recovery highlights the resilience of the banking sector amid fluctuating market conditions and foreign outflows.

Reading the President's Briefing from Within Our Own Homes

In this opinion piece, DPR member Azis Subekti reflects on Indonesia's current economic stability, marked by strong foreign reserves, controlled debt, and a managed fiscal deficit, yet highlights a disconnect at the grassroots level where household consumption and small businesses feel stagnant. He praises President Prabowo Subianto's directive for budget discipline and execution focused on public welfare but stresses the need for honest implementation, rejecting mediocrity and superficial loyalty among officials. Subekti warns against misleading public narratives and hoaxes that erode trust, urging a transformation from mere stability to bold progress through integrity and quality in policy execution.

DPR's Commission VIII: Proposal for Hajj Ticket Auction System Contradicts the Law

Indonesia's House of Representatives Commission VIII has criticised the government's proposal to implement a 'ticket auction' or direct competition system for Hajj departures, stating it violates the recently enacted Hajj and Umrah Law No. 14 of 2025, which mandates a registration-based, first-come-first-served approach. Commission members argue that such a shift would undermine decades of waiting lists, favour those with better technology and finances, and require legislative amendments, potentially disrupting Hajj financial governance reforms. The proposal stems from President Prabowo Subianto's directive to shorten waiting times from up to 47 years to 26 years, but lawmakers urge a thorough review to avoid public unease over this sensitive religious matter.

Follow-Up Floods Hit Pidie Jaya, Task Force Head Tito Explains Causes

Follow-up floods inundated at least 13 villages in Pidie Jaya, Aceh, due to heavy rainfall causing the Kreung Meureudu River to overflow, exacerbated by sedimentation and a breached embankment from previous disasters. The Task Force for Accelerating Rehabilitation and Reconstruction (Satgas PRR), led by Interior Minister Tito Karnavian, highlighted ongoing challenges in river normalisation across Sumatra, with 122 rivers affected by late 2025 floods, and emphasised the need for comprehensive, collaborative efforts that may take up to three years to fully restore. While no fatalities or significant material losses occurred, the incident underscores the urgency of addressing river systems and infrastructure to prevent recurrent flooding in regions like North Sumatra and West Sumatra.

PKH Task Force Hands Over 5.8 Million Hectares of Illegal Plantations and Mines in Forest Areas to the State

The Satuan Tugas Penertiban Kawasan Hutan (PKH Task Force) has successfully reclaimed and handed over 5.8 million hectares of illegally occupied forest land used for palm oil plantations and mining to the state, in a ceremony attended by President Prabowo Subianto. This action, which includes the return of 254,780 hectares of conservation forest to the Forestry Minister, has saved the nation Rp 371 trillion in state assets since the task force's formation in February 2025. The Attorney General emphasised that such robust enforcement strengthens governance, recovers losses, improves business climate, and boosts national economy and public welfare.

ADHI Conducts Fundamental Business Review to Strengthen Performance Quality

PT Adhi Karya (Persero) Tbk. (ADHI), a state-owned enterprise, is undertaking a comprehensive fundamental business review as part of the BUMN Karya recovery programme to enhance asset quality and provisioning across all business lines. This initiative aims to produce more factual and prudent financial reports, reflecting a stronger balance sheet that better represents risks, while maintaining positive operational performance with an EBITDA of Rp763.8 billion. ADHI is prioritising receivables collection from major projects like LRT Jabodebek and the Aceh-Sigli Toll Road, alongside a robust pipeline of sustainable infrastructure projects such as PUSRI III-B and PLTMG Tobelo, to bolster liquidity and commit to green construction practices.

Ministry of Health Begins Administering Measles Vaccines to High-Risk Medical Personnel

The Indonesian Ministry of Health has launched a measles immunisation drive targeting 39,212 medical personnel and 223,150 healthcare workers in 14 provinces with the highest case numbers, along with 28,321 intern doctors nationwide, to protect frontline workers amid rising outbreaks. The programme, which began with 565 vaccinations already administered, provides one or two doses based on prior immunisation history, administered subcutaneously at 0.5ml per dose. Health officials emphasise the initiative's importance in preventing adult measles cases, particularly among those with uncertain childhood vaccination records, underscoring the government's commitment to safeguarding public health infrastructure.

Fake KPK Officials Extort Ahmad Sahroni for Rp 300 Million: Here's the Chronology

Indonesian lawmaker Ahmad Sahroni, Deputy Chairman of the House Commission III, was targeted in an extortion attempt by four individuals posing as Corruption Eradication Commission (KPK) employees, who demanded Rp 300 million under the guise of supporting KPK leadership activities. The incident unfolded when the impostors boldly visited the DPR building on 6 April, prompting Sahroni to verify their claims directly with KPK officials and report the matter to Metro Jaya Police on 9 April. A joint operation by police and KPK led to the swift arrest of the suspects in West Jakarta, highlighting ongoing vulnerabilities to impersonation scams involving state institutions.

New Trademark-Patent Registration Fees to Apply in 2026? Here's What the Ministry of Finance Says

The Indonesian government is preparing revisions to non-tax state revenue (PNBP) fees for intellectual property services under Government Regulation No. 45 of 2024, aiming for implementation this year pending presidential approval, though public feedback suggests possible delays to 2026. The adjustments cover registrations and renewals for copyrights, patents, trademarks, and more, with proposed hikes like a 94.4% increase for general trademark applications to Rp 3.5 million per class, while keeping fees unchanged at Rp 500,000 for SMEs. This policy, driven by evolving service needs and digital advancements, includes tiered pricing to support micro and small enterprises, following extensive analysis and stakeholder consultations to ensure data-based accountability.

KRL Quieter on First Day of Civil Servants' WFH? Here's the Data

On the first day of work-from-home (WFH) implementation for civil servants, KAI Commuter reported a 27% drop in overall passenger volume in the Jabodetabek area, with 335,268 users compared to 460,184 the previous Friday. Stations near government offices, such as Bogor, Bekasi, Sudimara, Juanda, and Gondangdia, saw declines ranging from 24% to 35%, leading to smoother morning rush hour flows at major hubs like Sudirman and Tanah Abang. Despite the reduced ridership, KAI Commuter maintains normal operations with 1,065 daily trips and supports the government's mobility control policy.

Muara Enim Regency Prepares Personnel to Anticipate Forest and Land Fires

The Muara Enim Regency government in South Sumatra is proactively preparing personnel and equipment at vulnerable points to mitigate potential forest and land fires (karhutla), even though an emergency alert status has not yet been declared. Coordination with the Regional Disaster Management Agency (BPBD), TNI, and Police is being strengthened, with increased deployment of firefighting units in areas like Gelumbang and Muara Belida. The emergency status is set to be established in mid-May 2026 following a disaster preparedness drill, underscoring the local authority's commitment to early anticipation and rapid response.

OpenAI Offers ChatGPT Pro Package to Developers and Intensive Users

OpenAI has introduced the ChatGPT Pro package, priced at $100 per month, targeting developers and heavy users who rely on the Codex AI coding agent within ChatGPT for more extensive and complex coding tasks. This subscription provides five times the Codex quota compared to the Plus plan, unlimited access to advanced models like GPT-5.4 and GPT-5.4 Thinking, and exclusive access to GPT-5.4 Pro, enhancing coding efficiency. In Indonesia, users can access various plans including ChatGPT Go for around Rp75,000 monthly, alongside business and enterprise options to support corporate needs.

Beware of Energy Crisis Due to Iran-US War, Bahlil Urges Public to Conserve Energy

Indonesia's Minister of Energy and Mineral Resources, Bahlil Lahadalia, has called on the public to adopt energy-saving habits, such as turning off lights when not in use, amid global energy concerns stemming from the Iran-US conflict. He advocates switching to electric vehicles and implementing flexible work arrangements like Work From Home for civil servants to reduce fuel consumption and support the transition to clean energy. These measures aim to enhance energy efficiency, mitigate environmental impacts, and lessen reliance on fossil fuels, while exempting the energy sector itself from remote work policies to ensure operational continuity.

PLN Group Sweeps 46 PROPER Gold and Green Awards from KLH 2025, Sustainable Transformation Proven

PT PLN (Persero) has secured 46 PROPER Gold and Green awards from the Ministry of Environment and Forestry (KLH) for 2025, highlighting its exceptional environmental performance and commitment to sustainability across its subsidiaries. This achievement, comprising 11 Gold and 35 Green awards, underscores PLN's integration of renewable energy, energy efficiency, and low-emission technologies into its operations, supporting Indonesia's decarbonisation goals. PLN's CEO, Darmawan Prasodjo, was also honoured with the 'Green Leadership PROPER' award for driving the company's transition to a sustainable utility model.

Prabowo Orders TNI Chief, Police Chief, Finance Minister to Halt Smuggling

President Prabowo Subianto has directed the Commander of the Indonesian National Armed Forces, General Agus Subiyanto, the National Police Chief, General Listyo Sigit Prabowo, and the Finance Minister, Purbaya Yudhi Sadewa, to utilise all available powers to stop smuggling activities across the country. He emphasised the need for cooperation among all ministries and institutions in law enforcement efforts, highlighting that significant challenges remain with ongoing leaks and smuggling undermining national wealth. Prabowo stressed that upholding the law impartially is essential to safeguard the nation's resources and ensure the prosperity of its people.

March 2026 Car Sales Plummet, Toyota Remains King of Indonesia's Roads

Indonesia's national automotive market experienced a sharp downturn in March 2026, with total car sales dropping to 61,271 units, a 24.58% decline from February's 81,250 units, according to Gaikindo data. Year-on-year, sales fell 13.82% from March 2025's 71,099 units, highlighting the market's sensitivity to seasonal factors, promotions, and economic momentum. Despite the slump affecting most brands, Toyota led with 18,210 units sold, underscoring its dominant position amid ongoing uncertainties in the 2026 automotive sector.

Polri Accelerates Transformation in the Field of Education

The Indonesian National Police (Polri) is accelerating its transformation in education by strengthening strategic collaborations with universities, including the establishment of the Police Studies Centre with Borobudur University. Deputy Chief of Polri, Komjen Dedi Prasetyo, highlighted the importance of these academic partnerships during a meeting, noting that nine universities have MoUs and six centres have been set up at PTIK. This initiative supports the development of Smart Policing concepts, enabling data-driven policies and critical input from academia to enhance policing adaptability across local, national, and global levels.

Dare to Violate WFH Rules? Social Minister Gus Ipul Prepares Strict Sanctions

Social Minister Saifullah Yusuf, known as Gus Ipul, has warned Ministry of Social Affairs employees to maintain optimal service quality on the first day of implementing flexible work-from-home (WFH) policies, as directed by President Prabowo Subianto. He emphasised the need for discipline, integrity, and avoidance of misuse, with strict sanctions including written warnings and dismissals for violations, while ensuring public services like command centres and rehabilitation facilities continue uninterrupted. This initiative aligns with broader efforts to enhance efficiency, promote public transport, and utilise electric vehicles within the ministry.

Prabowo Highlights Officials and Apparatus Assisting in Stealing State Funds

President Prabowo Subianto has criticised officials and government apparatus who use their authority to aid those stealing public funds, during an event where the Kejagung's Satgas PKH handed over Rp11.4 trillion in recovered forestry administrative fines. He praised the task force for their dedication to safeguarding national finances and urged all public servants to end corrupt practices such as illegal mining and smuggling, emphasising that government service is an act of devotion rather than mere employment. This address underscores Prabowo's ongoing push for integrity and accountability within Indonesia's bureaucracy amid efforts to combat corruption.

Indonesia Targets Market Diversification through I-EAEU FTA Trade Agreement

The Indonesian government is accelerating the implementation of the Indonesia-Eurasian Economic Union Free Trade Agreement (I-EAEU FTA) to diversify export markets amid rising global protectionism and trade disruptions. This initiative was highlighted during the 7th Meeting of the Working Group on Trade, Investment, and Industry (WGTII) between Indonesia and Russia, where officials discussed enhancing bilateral cooperation in priority sectors such as trade, industry, investment, food security, and the creative economy. With bilateral trade reaching nearly $5 billion in 2025, both nations aim to liberalise over 90% of tariffs and foster business engagement to unlock further growth opportunities.

WFH Policy for Civil Servants: Social Minister Warns Against Wandering, Especially Using Official Vehicles

Indonesia's Social Minister Saifullah Yusuf has urged civil servants in his ministry to maintain discipline and productivity on the first day of the work-from-home (WFH) policy implementation. He emphasised the importance of adhering to attendance and performance reporting requirements, avoiding misuse of official resources like vehicles, and upholding integrity by steering clear of corruption, including 'time corruption'. The minister hopes this policy will enhance digital productivity and service quality to the public while warning against violations that could lead to disciplinary actions.

Traffic Police in Serang Escort Seizuring Child to Hospital After Rejection Due to Lack of BPJS

Traffic police officers from Banten Provincial Police assisted a panicked mother by escorting her three-year-old child, who was suffering from seizures and high fever, to Bhayangkara Hospital after the child was reportedly turned away from another facility for lacking BPJS health insurance and only possessing a poverty certificate. The officers responded swiftly to a public report, navigating through traffic with sirens to ensure prompt medical attention, highlighting the police's commitment to quick community response as directed by the provincial police chief. This incident underscores ongoing challenges in Indonesia's public health access for low-income families reliant on alternative documentation.

Banyuwangi's Economy Surpasses East Java and National Averages, Regent's Policies Receive Praise

Banyuwangi's economy grew by 5.65% in 2025, outpacing East Java's 5.33% and the national 5.11%, driven by strong performances across all sectors including tourism (8.64%), transportation (8.4%), agriculture (4.36%), trade, and construction. The growth is attributed to Regent Ipuk Fiestiandani's policies emphasising sustainable, community-based tourism and agricultural programmes like Jagoan Tani, which have boosted visitor numbers, creative industries, and youth involvement in farming. This achievement highlights effective local governance in fostering inclusive economic development without any sector experiencing contraction.

Fugitive Suspect: Attorney General's Office to Seize Riza Chalid's Assets!

The Attorney General's Office (Kejagung) has designated Mohammad Riza Chalid as a suspect in a corruption case involving the procurement of crude oil and refinery products at Pertamina Energy Trading Limited (Petral) from 2008 to 2015, and plans to pursue his assets despite his fugitive status. Chalid, who is currently on Interpol's wanted list and believed to be hiding in Malaysia, is also a suspect in another corruption case related to crude oil governance from 2018 to 2023. This development underscores Kejagung's determination to recover assets in high-profile corruption probes linked to state-owned enterprises like Pertamina.

Fragile Ceasefire: The World Must Face These 7 Bitter Realities

Global financial markets experienced brief relief following the US-Israel-Iran ceasefire agreement, with rising gold prices, stocks, and bonds, and energy commodity prices remaining manageable without triggering a global recession. However, persistent risks including potential Iranian tariffs on trade routes, disrupted oil and gas supplies from Gulf states and Qatar, and heightened insurance costs underscore the fragility of the truce, especially after Israel's alleged violation in Lebanon. The crisis highlights the dangers of over-reliance on key energy chokepoints like the Strait of Hormuz, urging diversification into renewables, nuclear, and alternative sources to foster long-term economic resilience and innovation.

Home Affairs Minister Ensures Government Will Assist Flood-Affected Houses in Sitaro

Indonesia's Home Affairs Minister Tito Karawaci has affirmed the government's commitment to aiding residents in Sitaro Regency, a border area with the Philippines, whose homes were damaged by recent floods, under direct instructions from President Prabowo Subianto. The Ministry of Public Works and Public Housing (PKP) is implementing programmes to address uninhabitable homes and bolster development in border regions, targeting areas with high poverty rates. This initiative forms part of a broader strategy to strengthen border welfare, security, and nationalistic sentiments, ensuring the state's presence in these vital zones.

Revealing the Future of Electrification in Indonesia's Mining Industry

The global mining industry is undergoing a transformation driven by the need to reduce carbon emissions and enhance sustainability, with electric vehicles (EVs) emerging as a key strategy for operational efficiency in Indonesia. Despite challenges such as high initial investments and infrastructure needs, Indonesia's rich nickel resources position it advantageously in the global EV supply chain, fostering integration between mining, mineral downstreaming, and battery production. CNBC Indonesia's upcoming forum, EV Transition in Mining Industry Outlook 2026, will explore these opportunities and hurdles to promote collaboration for a more competitive and sustainable sector.

Indonesia's Capital Market Channels Aid for Cikotak Bridge Development in Banten

Indonesia's capital market, through its CSR initiatives led by the Self-Regulatory Organization comprising BEI, KPEI, and KSEI with OJK support, has provided aid for constructing a sturdy concrete bridge in Kampung Cikotak, Banten, replacing a flood-damaged wooden structure from 1940. This development aims to enhance safe access for nearly 15,000 residents, facilitating social, economic, and educational activities while boosting local economy and infrastructure in remote areas. The symbolic handover was witnessed by key officials, underscoring the capital market's commitment to community empowerment and regional growth.

Since Becoming President, Prabowo Warns Against Shutting Down Illegal Practices and Smuggling

President Prabowo Subianto has reaffirmed his commitment to eradicating illegal activities that harm Indonesia, including smuggling, illegal mining, and fraudulent practices, since taking office. Speaking at the Attorney General's Office, he urged officials to view government service as a form of devotion, acknowledging low salaries but emphasising the greater struggles of the public. In January 2025, he issued Presidential Regulation No. 5 to support the PKH Task Force, warning that threats against it are threats against the President himself.

IHSG Enjoys Happy Weekend, Surges 2.07% to 7,458 Level

The Jakarta Composite Index (IHSG) surged 2.07% to close at 7,458.49 on Friday, marking a strong rebound driven by gains in blue-chip stocks like BBCA, BBRI, and TPIA, amid robust trading volume of Rp18.13 trillion. This performance continues a two-day recovery, bolstered by positive sentiment from a fragile US-Iran ceasefire easing Middle East tensions, though global markets remain cautious with rising oil prices and mixed Asian indices. The upbeat close highlights investor optimism in Indonesia's financial markets despite geopolitical uncertainties.

South Sulawesi Provincial Government Partners with ITB to Strengthen Utilisation of Geospatial Data

The South Sulawesi Provincial Government has collaborated with the Institut Teknologi Bandung's Spatial Data Infrastructure Centre to enhance the use of geospatial data in smart development planning. This partnership focuses on applying Geo-AI in sectors such as agriculture, spatial planning, environmental management, disaster mitigation, and smart city development to address challenges like flooding and land use changes. Experts emphasise the importance of efficient data utilisation, supported by key components including data, platforms, human resources, and regulations, to improve decision-making and regional resilience.

Palangka Raya Boosts Tax Payment Participation through PBB Fine Waiver

The Palangka Raya City Revenue Agency is waiving fines on Rural and Urban Land and Building Tax (PBB-P2) until 30 June to encourage compliance and boost local revenue. Mayor Fairid Naparin emphasised that this initiative simplifies payments for residents while enhancing the city's own-source revenue (PAD), which funds essential public services like infrastructure, education, and health. The city has also introduced an online payment app and various digital channels to facilitate easier tax settlements, targeting Rp32 billion in PBB-P2 revenue for 2026, with current realisations at Rp2.09 billion.

JCI Closes Up 2.07% at 7,458, Majority of Stocks in Green

The Composite Stock Price Index (JCI) ended the trading week on a strong note, rising 150.90 points or 2.07% to close at 7,458.49 on Friday. This broad-based rally saw gains across most sectoral indices, led by the industrial sector's 4.29% surge, with 485 stocks advancing compared to 181 decliners. The positive performance underscores sustained investor confidence in Indonesia's equity market amid favourable sectoral dynamics.

Purbaya Opens Option to Swap PNM with Geo Dipa

Finance Minister Purbaya Yudhi Sadewa has proposed swapping PT Permodalan Nasional Madani (PNM), a key financier for micro, small, and medium enterprises (MSMEs), with PT Geo Dipa Energi as part of the government's plan to take over PNM and enhance KUR credit distribution. The initiative aims to establish a dedicated non-profit-oriented MSME bank focused on sustainable financing rather than maximum profits, potentially reducing funding needs through asset valuation and barter. This move underscores the government's commitment to bolstering the UMKM sector via state-owned enterprises under the Ministry of Finance.

Deputy Interior Minister inspects implementation of WFH policy in Bekasi City Government

Deputy Interior Minister Bima Arya Sugiarto conducted a surprise inspection of the work-from-home (WFH) policy for civil servants in Bekasi City, Jawa Barat, verifying compliance through office checks and random video calls, and confirming the system's readiness via e-performance reporting. The policy aims to enhance efficiency by saving on utilities, with Bekasi reporting monthly electricity savings of Rp120 million, while ensuring productivity remains optimal and imposing strict sanctions for non-compliance. Local leaders are required to evaluate and report monthly to the Interior Ministry, exempting essential public services from WFH to maintain normal operations.

Global Pet Insurance Gains Popularity, Indonesia Still Has Low Penetration

The global pet insurance industry is experiencing significant growth, projected to expand at a CAGR of 11.41% until 2032, driven by rising veterinary costs and the 'pet humanization' trend where owners treat pets as family members. In Indonesia, however, penetration remains low despite these global dynamics, presenting opportunities for expansion in emerging markets. Innovations such as digital claims and tele-veterinary services are intensifying competition, while increasing lifetime care costs underscore the financial benefits of such insurance for pet owners.

Cilegon Civil Servant Arrested for Drugs Works at Satpol PP

A civil servant in Cilegon, identified as MA, who works at the Satpol PP, has been arrested by police for involvement in drug use and distribution of methamphetamine (sabu). According to the Cilegon Police Narcotics Unit head, AKP Surya, MA obtained the illegal substances from a local syndicate member known as R alias B, whose identity is already known and who is currently being pursued. This case highlights the infiltration of drug networks into public sector employees, potentially undermining local governance integrity.

BI Survey: Job Availability Index Declines

Bank Indonesia's latest consumer survey reveals a decline in optimism regarding job availability, with the Job Availability Index (IKLK) dropping to 107.8 in March 2026 from 110.7 the previous month, though it remains above the optimistic threshold of 100. While postgraduate-educated respondents saw an increase, other education levels experienced declines, and future expectations also weakened, contributing to a broader dip in the Consumer Confidence Index to 122.9. This trend signals potential softening in the labour market amid ongoing economic conditions.