Indonesian Political, Business & Finance News

Archive: 10 April 2026

Showing 1,401-1,450 of 1,637 articles

Jokowi's Side Responds to Jusuf Kalla on the Prolonged Diploma Case

Joko Widodo's legal representative, Rivai Kusumanegara, has urged authorities to bring the case of alleged fake diploma and digital manipulation to court for legal certainty, responding to former Vice President Jusuf Kalla's comments on its prolonged nature. Investigations have included witness testimonies from Universitas Gadjah Mada and forensic tests, with Widodo prepared to present his original diplomas in court to restore reputations affected by the controversy. Kalla highlighted the case's societal disruption and financial costs after reporting another individual involved in spreading hoaxes related to the issue.

Warning for Indonesia and Others? US-Iran Conflict Could Trigger 1997 Asian Monetary Crisis?

The escalating US-Iran conflict, including attacks on Saudi oil infrastructure and the blockade of the Strait of Hormuz, has severely disrupted global oil supplies, raising fears of an economic crisis reminiscent of the 1997 Asian monetary meltdown. While experts note that Asia's economies are now more resilient with stronger foreign exchange reserves and evolved financial architectures, the current physical supply shock poses risks of stagflation and currency pressures, particularly for vulnerable nations like Indonesia and the Philippines. Indonesia faces heightened budgetary strains from its energy subsidy allocations, underscoring the urgent need for de-escalation to prevent broader economic fallout.

Tangerang City Government Accelerates Repairs on 100 Priority Uninhabitable Houses

The Tangerang City Government, through its Housing, Settlements, and Land Office, is expediting the construction and rehabilitation of 100 priority houses classified as uninhabitable, targeting those damaged by extreme weather to improve residents' living conditions. By 2026, over 10,000 homes will have been rehabilitated using combined local and national budgets, with administrative facilitations like free building permits and worker insurance to ease the process. This initiative, involving community aspirations and targeted aid, aims to reduce slum areas and sustainably enhance community welfare.

Video: Competing for the Local Cosmetics Market, Maklon Factories Have This Strategy

Indonesia's cosmetics and personal care industry is projected by BPOM to reach Rp 158 trillion by 2026, driven by rising consumer awareness of skincare, beauty trends, and halal cosmetics. HF. Kim, Chief Strategic Officer of Nose Herbal Indo, expresses optimism about the sector's sustainable double-digit growth, supported by the expanding middle class and government backing. As a maklon cosmetics and skincare company, PT Nose Herbalindo focuses on developing competitive products to meet consumer demands amid intense industry rivalry.

Opening of VKTR Electric Bus Facility: A Momentum for the National Automotive Industry

The inauguration of the VKTR electric bus assembly facility in Magelang, Central Java, marks a significant step for Indonesia's automotive industry, aiming to build a foundation for environmentally friendly technology and accelerate the transition to clean energy. Industry leaders emphasise the need for a robust ecosystem, including domestic supply chains, high local content requirements, and consistent market demand, to ensure sustainability beyond symbolic industrialisation. President Prabowo Subianto has urged local governments and state institutions to adopt domestically produced electric vehicles, providing crucial initial demand to test the sector's long-term competitiveness.

Antam Gold Price Rises Rp7,000 on Friday to Rp2.857 Million per Gram

The price of Antam gold rose by Rp7,000 on Friday to Rp2.857 million per gram, with the buyback price also increasing to Rp2.619 million per gram, as monitored on the Logam Mulia website in Jakarta. This adjustment reflects ongoing fluctuations in the precious metals market, and transactions are subject to specific tax deductions under PMK Number 34/PMK.10/2017, including PPh Pasal 22 rates of 1.5% for NPWP holders and 3% for non-holders on buybacks exceeding Rp10 million. The update includes detailed pricing for various gold bar denominations, underscoring the regulatory framework governing gold investments in Indonesia.

The End of the Era of Cheap Chinese Smartphones is in Sight, Real Evidence Visible in Indonesia

The era of affordable high-spec smartphones from Chinese vendors is nearing its end due to surging memory chip prices driven by AI demands and geopolitical tensions disrupting global supply chains. In Indonesia, this shift is evident as small-scale manufacturers struggle with skyrocketing costs and scarce supplies, forcing a reevaluation of business models reliant on thin margins. Analysts predict a gloomier phase for the smartphone industry, with budget devices becoming rarer and less accessible.

Scenes from Samin Tan's Mine 'Raided' by Bahlil, Defence Minister, and Attorney General

Indonesian authorities, including the Forest Area Control Task Force (Satgas PKH), have handed over control of the land belonging to PT Asmin Koalindo Tuhup (AKT) in Central Kalimantan to the Attorney General's Office following its seizure over alleged corruption in the mining sector. The operation highlights ongoing illegal mining activities by the company, which continued until 2025 despite its operational permit being revoked in 2017, leading to the designation of owner Samin Tan as a suspect. This action underscores the government's commitment to restoring transparency and accountability in forest and natural resource management.

Commission IX Views Proposal for Vape Ban as Needing Serious Consideration

Indonesia's House Commission IX Deputy Chairman Yahya Zaini has urged serious consideration of banning electronic cigarettes (vapes) to protect young people's health and curb their use as a medium for drug consumption, aligning with proposals from the National Narcotics Agency (BNN). He highlighted the growing trend of vaping among youth, driven by modern lifestyle perceptions, and the health risks including toxic chemicals and heavy metals that can cause lung damage, heart issues, and mental health problems. Commission IX plans to oversee regulatory discussions, including revisions to the Narcotics and Psychotropics Bill, to enforce strict safety standards and prevent high-risk products from circulating.

Kudus Health Office Recommends Monthly Laboratory Testing of SPPG Water Sources

The Kudus District Health Office in Central Java has urged all Nutrition Fulfilment Service Units (SPPG) to test their water sources for E. coli bacteria monthly following a food poisoning incident linked to the Free Nutritious Meals (MBG) programme in early 2026. Officials highlighted the need for safe locations away from pollution sources like rubbish dumps and livestock pens, recommending hygiene certification and CCTV installation to prevent recurrence. These measures aim to ensure the safety of school meals under the government initiative, with periodic checks by local health centres.

Bogor City Government Cuts Off Two Supports for "Stubborn" Street Vendors: Vegetable Supply and Electricity

The Bogor City Government is intensifying efforts to regulate stubborn street vendors (PKL) by severing their access to essential supplies, including vegetables and fruits, and illegal electricity connections. Mayor Dedie A Rachim has redirected commodity trucks to alternative markets like Pasar Gembrong and Pasar Jambu Dua, resulting in a nearly 50% reduction in waste around Pasar Bogor. These actions, supported by Local Regulation No. 1 of 2021 on public order, aim to enforce prohibitions on vending in public spaces such as roads, sidewalks, and green areas.

Deputy Social Minister Urges Local Governments to Strengthen Coordination on People's School Programme up to DTSEN

Indonesia's Deputy Social Minister Agus Jabo Priyono has called for enhanced coordination between central and local governments to implement priority social programmes, including the construction of People's Schools in 2026, updates to the National Single Socio-Economic Data (DTSEN), and community empowerment initiatives. The People's Schools, a presidential priority, target children from the poorest deciles using DTSEN for recruitment to ensure aid reaches those most in need, while local leaders from Pemalang and Southeast Maluku reported progress on land preparation and administrative readiness. This push underscores the importance of data-driven integration and cross-sectoral synergy to make social interventions more effective and impactful.

Stocks shaky as Israeli attacks on Lebanon test Iran ceasefire

Asian stocks saw modest gains early on Friday amid uncertainty over the US-Iran ceasefire, as Israel's ongoing attacks on Lebanon raised doubts about regional stability and hopes for peace talks. Oil prices rose with Brent crude hitting US$96.83 a barrel due to the partial closure of the Strait of Hormuz, exacerbating global energy supply concerns, while US President Trump criticised Iran for hindering oil shipments. Investors remain cautious, with mixed signals from US economic data influencing expectations for Federal Reserve rate cuts, highlighting the broader market volatility tied to geopolitical tensions.

Digital Realty to Expand AI Centre in Singapore

US data centre company Digital Realty has announced plans to invest nearly S$7 billion (approximately US$5.49 billion) in Singapore, highlighting the city-state's growing role as a key AI infrastructure hub in the Asia-Pacific region. Over S$4.3 billion will be allocated to develop new data centres, building on its existing presence, while the company has nearly doubled its local workforce to over 300 employees in the past three years, with projections to reach around 400 by 2030. This expansion includes relocating its regional office and further growth planned for next year, underscoring Singapore's importance for AI inference in the region.

Grab Introduces 13 AI Innovations at GrabX 2026, Promoting Role as "Everyday Intelligent Guide"

Grab unveiled 13 new AI innovations at GrabX 2026 in Jakarta, built on its Grab Intelligence Layer to provide real-time assistance for daily decisions like choosing lunch or optimising travel routes, aiming to simplify urban life. Group CEO Anthony Tan emphasised that AI adoption is essential to avoid being left behind, but must be implemented with a human-centred approach under the "AI-First with Heart" philosophy to benefit customers, drivers, and small businesses across Southeast Asia. This initiative addresses potential inequalities in AI-driven futures, ensuring inclusivity for vulnerable groups such as small vendors and single mothers working as drivers.

Antam Precious Metal Gold Price Rises Slightly Today, Yet to Reach Rp 2.9 Million

The price of Antam Logam Mulia gold has edged up slightly today, reaching Rp 2,857,000 per gram, while the buyback price stands at Rp 2,619,000 per gram. This modest increase continues the week's strengthening trend, supported by a weakening US dollar and global gold prices closing at US$4,763.62 per troy ounce after a 1% rise. Investors are monitoring fragile US-Iran ceasefire developments and upcoming US CPI data, highlighting gold's role as a safe-haven asset amid geopolitical uncertainties.

Jakarta Filled with Protests Today, Seek Alternative Routes

Multiple demonstrations are set to disrupt central Jakarta on Friday, involving student and youth groups protesting at key locations including Bank BRI headquarters, the Horse Statue area, and the DPR/MPR building. Police have deployed 453 personnel to secure the events, urging residents to avoid the areas and use alternative routes to mitigate traffic congestion. This convergence of protests highlights ongoing civic activism in the capital, potentially affecting daily commutes and urban mobility.

MP: Strait of Hormuz is the World's Energy Lifeline, War Must Be Stopped

Indonesian House of Representatives member Azis Subekti has warned that the escalating conflict between the US-Israel and Iran in the Middle East poses severe global repercussions, particularly threatening the Strait of Hormuz, which handles nearly 20% of the world's oil supply. He highlighted the astronomical costs of the war, already exceeding USD11-12 billion in its first six days, with potential long-term economic losses of USD194 billion and millions pushed into poverty. Azis urged an immediate halt to the hostilities, emphasising that war merely displaces suffering across generations and regions without resolving underlying conflicts.

2026 Debut IPO, WBSA Shares Surge 34.5% to ARA

PT BSA Logistics Indonesia Tbk. (WBSA), a logistics sector company, has successfully listed its shares on the Indonesia Stock Exchange (BEI) through an initial public offering (IPO), marking it as the first issuer to debut in the capital market this year. The shares surged 34.5% on debut, reaching Rp226 from an offering price of Rp168, with the IPO oversubscribed 386.86 times, raising Rp302.4 billion to fund expansion via sea transport acquisitions and operational enhancements. This move is poised to bolster WBSA's integrated logistics services, capitalising on Indonesia's archipelagic geography and robust domestic industrial activity to drive sustainable growth in the transportation sector.

Video: Monitoring ASN Performance During Friday WFH, BKN Prepares "ASN Digital"

In response to rising global oil prices due to the Middle East conflict, the Indonesian government has introduced the Work Culture Transformation and Energy Efficiency Policy starting 1 April 2026, mandating one day of work from home (WFH) per week on Fridays for civil servants (ASN). The National Civil Service Agency (BKN) is enhancing oversight through GPS-based attendance and selfies, while preparing the "ASN Digital" platform to track daily performance, building on successful WFH implementations during the COVID-19 pandemic. Exemptions apply to essential sectors like public services, health, transportation, and security, with BKN emphasising a results-oriented mindset and infrastructure support to boost productivity.

PHE Strengthens National Energy Resilience Amid Global Turbulence

PT Pertamina Hulu Energi (PHE), Pertamina's upstream subholding, is bolstering Indonesia's energy security by managing 27% of the country's work areas and contributing 65% of domestic oil lifting and 35% of gas lifting. In 2025, PHE achieved production of one million barrels of oil equivalent per day, laying a strong foundation for reliable energy supply while pursuing strategies like asset optimization, new explorations, and enhanced recovery technologies for 2026. The company is also advancing low-carbon initiatives, including decarbonization and carbon capture projects, to adapt to the global energy transition and ensure long-term sustainability.

East Jakarta City Government Continues Healthy Gymnastics Despite WFH Implementation

The East Jakarta City Government has proceeded with its routine healthy gymnastics session for civil servants (ASN) on Friday, even as the work-from-home (WFH) policy takes effect for one day a week. Mayor Munjirin emphasised that the event fosters coordination, team spirit, and public service improvements among participating ASN, who are exempt from WFH. This local initiative aligns with the national policy announced by Coordinating Minister Airlangga Hartarto, set to begin on 1 April 2026, aiming to enhance work-life balance while evaluating its impact after two months.

Rupiah Opens Strongly, US Dollar Falls to Rp17,065

The Indonesian rupiah opened stronger against the US dollar on Friday, trading at Rp17,065 per dollar, marking a 0.09% appreciation from the previous close. This movement is influenced by a mix of external factors, including a cautious global forex market amid fragile US-Iran ceasefire prospects, and domestic anticipation for Bank Indonesia's Consumer Confidence Index release, which previously indicated sustained optimism in February 2026. The rupiah's performance highlights the delicate balance between geopolitical sensitivities and positive domestic economic sentiment in shaping currency trends.

Creative Economy Ministry Supports Kendari as New Creative Economy Hub in Asia-Pacific

The Indonesian Minister of Creative Economy, Teuku Riefky Harsya, has expressed strong support for Kendari to host the UCLG ASPAC Executive Bureau Meeting and Asia Pacific Forum in 2026, viewing it as a strategic platform to boost the creative economy and position the city as a model for Asia-Pacific urban development. This endorsement highlights Kendari's progressive local regulations on creative economy protection and development, aiming to enhance subsectors like culinary, crafts, fashion, and performing arts for global competitiveness. The collaboration between central and local governments underscores a commitment to accelerating national economic growth through regional initiatives, leveraging Kendari's infrastructure and population to foster long-term prosperity for local creative industry players.

Breaking: IHSG Surges Over 1% to 7,394 Level

Indonesia's Composite Stock Price Index (IHSG) opened strongly, gaining 0.53% to reach 7,346.49 points, and continued its upward momentum to climb over 1% to 7,393.82, building on a sharp rebound from the previous days amid global market volatility. The rise occurs against a backdrop of fragile Middle East ceasefire between the US and Iran, which has limited traffic through the vital Strait of Hormuz, pushing oil prices higher with WTI at US$98.55 and Brent at US$95.92 per barrel. Asian markets showed mixed responses, with gains in South Korea and Japan, while US indices closed positively, reflecting investor optimism on easing geopolitical tensions.

14 Kilometres of Roads in Pulubala Transmigration Area Damaged, Residents' Demands

Residents in the Pulubala transmigration area of Gorontalo have urged the Ministry of Transmigration to address the severe damage to a 14-kilometre road connecting to the national highway, which becomes nearly impassable during the rainy season even for motorcycles. Village head Alimin submitted a proposal for repairs to Deputy Minister Viva Yoga Mauladi during his visit, noting previous unsuccessful appeals to local officials. The government has allocated Rp 9.5 billion for transmigration development in Gorontalo province in 2025, including infrastructure improvements, as part of President Prabowo Subianto's priorities to maintain national unity and promote social integration.

Fatwa Commission Urges BNN to Examine Prohibited Substances in Vapes; If Proven, They Could Be Ruled as Khamr

The Fatwa Commission of the Indonesian Ulema Council (MUI) has called on the National Narcotics Agency (BNN) to conduct a comprehensive study into the contents of vapes, amid rising concerns over potential harmful and narcotic substances. If narcotics are found, the commission states that vapes would unequivocally be classified as haram, akin to khamar, eliminating any debate among scholars. This push aims to inform stricter regulatory measures through legislation to protect public health and enforce legal standards.

Attorney General's Office Still Calculating State Losses from Petral Corruption Case

The Attorney General's Office (Kejagung) is currently calculating the financial losses to the state in the corruption case involving Pertamina Energy Trading Limited (Petral) from 2009 to 2015, in collaboration with the Financial and Development Supervisory Agency (BPKP). The case stems from Petral officials leaking confidential information on crude oil and gasoline needs, which oil tycoon Mohammad Riza Chalid exploited to manipulate tenders, leading to non-competitive procurement and higher costs for Pertamina, particularly for Premium 88 and Gasoline 92 products. Seven suspects, including Petral and Pertamina executives as well as Chalid and his associate, have been named, highlighting ongoing efforts to address corruption in Indonesia's state-owned energy sector.

JCI Turns Green Amid Correction Shadows, Asian Markets Slump Due to Failed Iran-US Ceasefire

The Jakarta Composite Index (JCI) opened higher by 38 points or 0.53% at 7,346 on Friday, 10 April 2026, but analysts predict a potential correction influenced by mixed Asian markets and escalating geopolitical tensions. Iran's parliament accused the US of violating a two-week ceasefire, while Iran reclosed the Strait of Hormuz in response to Israeli attacks in Lebanon, disrupting global oil shipments and causing oil prices to surge. Despite this, Wall Street indices strengthened on optimism for the ceasefire's endurance, with support levels for JCI at 7,250-7,300 and resistance at 7,330-7,400.

Bogor Mayor Calls PLN, Discovers Illegal Electricity Supply to Street Vendors in Town Square

Bogor Mayor Dedie A Rachim uncovered an illegal electricity connection supplying street vendors (PKL) in the city centre during a patrol, prompting him to immediately contact PLN to disconnect it. The unauthorised supply, lacking a meter and relying solely on an MCB, posed safety risks and was traced to a bank building's utility pole. This action follows similar efforts by Deputy Mayor Jenal Mutaqin to enforce regulations and clean up illegal vending and parking in the area, highlighting ongoing municipal crackdowns on utility theft and public order.

Prabowo's Strategy to Build Energy Self-Sufficiency: Jet Fuel from Used Cooking Oil to Electric Sedan Production

President Prabowo Subianto has outlined Indonesia's strategic push towards energy self-sufficiency, emphasising the need for independence in a resource-scarce world as predicted by the UN. During the inauguration of an electric bus and truck factory in Magelang, he announced plans for mass production of electric sedans by 2028 and the establishment of a dedicated manufacturing company. The initiative includes transitioning to clean, renewable energy sources, phasing out diesel and solar power plants, and reducing reliance on fossil fuels through electrification.

Details of Antam Gold Prices at Pegadaian on 10 April 2026, Buyback Down

Antam gold prices at Pegadaian fell on Friday, 10 April 2026, with the selling price for 1 gram dropping to Rp 2,964,000 from Rp 3,016,000, and the buyback price declining to Rp 2,685,000 from Rp 2,725,000. The buyback for 0.5 gram also decreased to Rp 1,342,000 from Rp 1,362,000. This reflects ongoing fluctuations in the precious metals market, available in sizes from 0.5 to 100 grams.

From Jokes to Trauma: It's Time to Stop Normalising Catcalling Among Teenagers

The article highlights the deep-rooted cultural normalisation of catcalling, often dismissed as mere joking, which leaves lasting psychological trauma on victims, including anxiety, low self-esteem, and even PTSD symptoms. Drawing on insights from a university counsellor, it explains how teenagers mimic such behaviours from media and adults without considering the harm, urging young people to break this cycle through personal accountability, intervention, and support for victims. By leveraging social media for education and empathy, collective action is essential to foster safer public spaces and challenge ingrained societal norms.

Learning from the Amsal Sitepu Case: Indonesia's Creative Industry Needs a System, Not Just a Hobby

Serial entrepreneur Renaldy Pujiansyah argues that Indonesia's creative industry, despite its immense talent and potential, is hindered by the lack of a robust system, treating creativity as a mere hobby rather than a professional sector. Drawing from recent controversies like the Amsal Sitepu case, he highlights risks such as inconsistent narratives, limited distribution, and unsustainable monetisation, urging a shift towards structured management to unlock global export opportunities. He proposes three key pillars—professionalisation, effective distribution, and sustainable monetisation—to transform the industry into a major economic pillar.

Airlangga and Purbaya United Against World Bank, Confident in Indonesia's Resilient Economy

Indonesian Coordinating Minister for the Economy Airlangga Hartarto and Finance Minister Purbaya Yudhi Sadewa have expressed strong confidence in the country's economic growth for 2026, countering the World Bank's downward revision to 4.7% amid external shocks like Middle East conflicts and rising fuel prices. Airlangga anticipates growth of at least 5.4%, aligning with the national budget target, while Purbaya criticises the projection as a miscalculation that could foster negative sentiment and expects an apology if conditions improve. This optimistic stance underscores Indonesia's resilience despite global uncertainties, potentially influencing investor perceptions and policy adjustments.

Rp 10 Trillion Melamine Factory in Gresik Under Construction, Set to Absorb 1,000 Workers

The construction of a Rp 10.25 trillion melamine factory in the Java Integrated Industrial and Port Estate (JIIPE) special economic zone in Gresik is poised to bolster Indonesia's chemical industry structure and promote low-emission industrial development. Developed by Golden Elephant with integrated processes from natural gas processing to melamine production, the project incorporates circular economy principles and advanced technology for up to 30% greater energy efficiency, while creating over 1,000 jobs and enhancing supply chains in agriculture, manufacturing, and logistics. Endorsed by Coordinating Minister Airlangga Hartarto and Chinese Ambassador Wang Lutong, it underscores national downstreaming strategies and bilateral economic cooperation.

Coal Economy Growing Fragile, Energy Transition Urgent

Indonesia's heavy reliance on coal is becoming increasingly precarious amid global pressures and shifting energy paradigms, with research institute Indef highlighting the sector's high revenue volatility and low fiscal resilience. Declining global demand, particularly from China, and falling prices are eroding state revenues, underscoring the urgent need for energy transition to safeguard economic stability and mitigate long-term risks. The report warns that without diversification, Indonesia's export-dependent coal production, dominated by low-calorific value output, leaves the nation vulnerable to market fluctuations.

"Ayo Lapor Camat" Becomes Solution to Address Regional Issues Before They Go Viral

The South Jakarta Administration has launched the "Ayo Lapor Camat" programme as a proactive measure to resolve local issues via the Citizen Relationship Management system or JAKI app before they escalate on social media. Mayor Muhammad Anwar urged district heads to optimise this feature, ensure accurate reporting, and coordinate effectively, while tightening controls on AI and social media account management to prevent mishandling of public responses. He also emphasised protecting reporters' identities and empowering community forums for preventive action, aiming to boost public trust in official channels over NGOs or social platforms.

A Series of Statements from Prabowo on Electric Sedan Car Production

President Prabowo Subianto has announced plans for Indonesia to begin mass production of electric sedan cars by 2028, alongside the inauguration of an electric commercial vehicle assembly plant in Magelang, Central Java. He expressed optimism about Indonesia's rising global influence, dismissing pessimistic narratives like 'Indonesia Gelap' and targeting energy independence by halting fuel oil imports within three years through renewable energy transitions, including 100 GW of solar power and the closure of diesel plants. These initiatives underscore the government's push towards self-reliance in technology, manufacturing, and sustainable energy sectors.

DPR Commission III Member Supports BNN Proposal to Ban Vapes

A member of Indonesia's DPR Commission III, Safaruddin, has endorsed the National Narcotics Agency (BNN) head's proposal to include a ban on vapes in the draft Narcotics and Psychotropics Law, emphasising the need to address the growing circulation of narcotics in vape form despite concerns over impacts on small businesses. He noted that BNN will oversee enforcement alongside police, while highlighting the smooth implementation of recent criminal procedure codes during a visit to West Java Police. This initiative aligns with bans already in place in several ASEAN countries, positioning Indonesia to strengthen its regulatory framework against emerging drug threats.

Majority of Asian Stock Markets Strengthen, Investors Closely Monitor Ceasefire

Asian stock markets mostly opened higher on Friday amid a fragile two-week ceasefire between the United States and Iran, though investors remain cautious due to the ongoing Middle East conflict and limited traffic in the Strait of Hormuz. Oil prices continued to rise, with WTI at US$98.55 per barrel and Brent at US$95.92, reflecting persistent supply concerns, while Wall Street indices closed positively the previous night on optimism over easing geopolitical tensions. Japan's Prime Minister announced plans to release oil reserves for 20 days starting in May, underscoring efforts to mitigate energy disruptions.

PHE Targets Oil Production of 595,000 Barrels per Day by 2026

PT Pertamina Hulu Energi (PHE) aims to boost its oil production to 595,000 barrels per day by 2026, an increase of 38,000 barrels from the 2025 target of 557,000 barrels, while also targeting gas production at 2.81 billion standard cubic feet per day. To counter a steep decline rate in ageing fields, PHE plans to revitalise assets, apply enhanced oil recovery technologies, conduct exploration drilling, and pursue mergers and acquisitions. In 2025, PHE achieved 1.03 million barrels of oil equivalent per day, with significant advancements in resource discovery and reserve additions, underscoring its role in sustaining Indonesia's upstream energy sector.

Giant KUFPEC Investment Flows into Indonesia, Natuna D-Alpha Back in the Spotlight

The Kuwait Foreign Petroleum Exploration Company (KUFPEC) is set to invest USD 1.5 billion in Indonesia's upstream oil and gas sector between 2025 and 2026, targeting a major participating interest in a strategic block starting in May 2026. As the operator of the Natuna D-Alpha gas field, one of Southeast Asia's largest reserves, KUFPEC's commitment is expected to accelerate its development despite challenges from high CO₂ content. This move signals Indonesia's continued attractiveness for global energy investments and aims to bolster national energy resilience.

Antam Gold Price Today Plummets to Rp 2,964,000 per Gram

Gold prices for UBS, Antam, and Galeri24 products have dropped significantly today, with Antam gold falling to Rp 2,964,000 per gram from Rp 3,016,000 yesterday, according to Sahabat Pegadaian data. This decline affects various denominations from 0.5 grams to 1 kilogram, reflecting volatile market conditions for precious metals in Indonesia. Investors may view this as an opportunity or a sign of broader economic caution, amid fluctuating global influences on local prices.

Gold Prices at Pegadaian on 10 April 2026: Check Details for Galeri 24 and UBS

Gold prices at Pegadaian remained stable on Friday, 10 April 2026, compared to the previous day's trading. The price for 1 gram of Galeri 24 gold stood at Rp 2,865,000, UBS at Rp 2,879,000, and Antam at Rp 2,964,000. This stability in precious metal prices offers investors a consistent option amid fluctuating markets.

Lamongan Becomes Benchmark Destination for Stunting Management

Lamongan Regency in East Java has become a model for other districts and cities in tackling stunting, following a drastic reduction in prevalence from 27.5% in 2022 to 6.9% in 2024. Deputy Regent Dirham Akbar Aksara hosted officials from Banjar and Salatiga to share successful initiatives, including community cadre support, parenting schools, and health-focused campaigns like Dashat and Ferrameg. This collaboration underscores the importance of multi-stakeholder commitment and ongoing monitoring to ensure effective implementation and further national progress in child nutrition.

Government Modernises Mass Public Transportation in East Kalimantan

The Indonesian government is progressively modernising mass public transportation services in East Kalimantan to enhance mobility and boost economic activity. Pilot projects, such as the Balikpapan City Trans in Balikpapan, are initially funded by the national budget, with local authorities preparing to take over operations by 2027 at an annual cost of Rp22 billion, supported by new infrastructure like 125 bus stops. Similar initiatives in Samarinda aim to secure central government funding from 2027, promising reduced household transport expenses, fewer traffic accidents, and lower emissions.

Attorney General's Office Names Riza Chalid as Suspect in Petral Case, Here's the Chronology

The Attorney General's Office has designated seven individuals, including Mohammad Riza Chalid as the beneficial owner of involved companies, as suspects in a corruption case involving the procurement of crude oil and refined products by PT Pertamina Energy Trading Limited (PETRAL) from 2008 to 2015. The investigation revealed leaks of confidential Pertamina information, tender manipulations leading to non-competitive pricing and mark-ups, and the issuance of guidelines contrary to board decisions, resulting in financial losses to Pertamina, particularly for gasoline products. Five suspects face 20-day detention, while one is under city arrest due to health issues, and Chalid remains a fugitive as the state loss is calculated with BPKP assistance.

Civil Servants Begin First WFH Today, Prepare for Sanctions if Slow to Respond

Indonesian civil servants (ASN) have commenced their inaugural work-from-home (WFH) session today, every Friday, as per a government policy implemented to enhance energy efficiency amid global conflicts. Interior Minister Tito Karnavian has mandated that ASN keep their devices active for geo-location tracking and respond to calls or messages within five minutes, with sanctions ranging from verbal warnings to performance evaluations for non-compliance. Jakarta Governor Pramono Anung has issued stern prohibitions against working from cafes or entertainment venues, emphasising strict enforcement and accountability to ensure productivity.

Meta complies with Indonesia’s PP Tunas child online safety rule

Meta has announced its compliance with Indonesia's PP Tunas regulation, which aims to enhance child online safety through stricter platform measures. This move aligns with the government's efforts to protect minors from harmful digital content amid growing concerns over social media's impact on youth. The development underscores Indonesia's proactive stance in regulating tech giants to safeguard vulnerable users.