Indonesian Political, Business & Finance News

Archive: 15 April 2026

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Global Gold Price Rises 2%, Reaching Rp 77 Million per Ounce

Global gold prices surged 2% to $4,831.78 per ounce on Tuesday, equivalent to approximately Rp 77.3 million at an exchange rate of Rp 16,000 per dollar, driven by a weakening US dollar and optimism over ongoing US-Iran negotiations. The decline in oil prices has eased inflation pressures, boosting investor interest, while lower-than-expected US producer inflation data and geopolitical tensions with Iran continue to support gold as a safe-haven asset. Market analysts suggest that positive developments in negotiations could sustain the upward trend, with reduced expectations for Federal Reserve rate cuts influencing sentiment.

KPK Also Investigates Allegations of Tulungagung Regent Extorting District Heads and School Principals

The Corruption Eradication Commission (KPK) is probing allegations that dismissed Tulungagung Regent Gatut Sunu Wibowo extorted district heads and school principals by demanding payments for positions and using coercive letters to ensure compliance. Gatut and his aide Dwi Yoga Ambal, already suspects in a broader graft case uncovered via a sting operation, allegedly sought around Rp5 billion from 16 regional agencies, manipulating budgets and procurement processes to secure kickbacks. This investigation highlights systemic corruption in local government, with KPK urging public support to uncover further involvement across multiple departments.

Aiming to Boost Free Float Shares to 15%, BSI Boss Reveals Targets

PT Bank Syariah Indonesia (BSI) plans to gradually increase its free float from the current 9.91% to 15% to align with Indonesia Stock Exchange (BEI) regulations and international standards like MSCI, enhancing share liquidity and market trading. Vice President Director Bob Tyasika Ananta stated that while the increase is targeted, it will not occur this year and is likely in the next three years, with options involving major shareholder BPI Danantara under consideration. This move responds to BEI's raised minimum free float requirement of 15% for all listed companies, aiming to boost transaction activity in the Indonesian capital market.

FH UI Sexual Harassment Case: Mendiktisaintek Ensures Victims Receive Protection

Indonesia's Minister of Higher Education, Science, and Technology, Brian Yuliarto, has assured protection and support for victims in a sexual harassment case involving students from the University of Indonesia's Faculty of Law (FH UI), where 16 students admitted to online harassment of 27 victims via WhatsApp and LINE groups. The ministry is coordinating with UI to monitor the case, emphasising that universities must be safe and dignified spaces, in line with the 2024 regulation mandating task forces for preventing and handling violence in higher education institutions. This incident underscores the government's commitment to addressing serious violations like sexual harassment through strengthened institutional mechanisms and victim recovery efforts.

Higher Education Minister on FHUI Sexual Harassment Group Chat: No Tolerance

Indonesia's Minister of Higher Education, Science, and Technology, Brian Yuliarto, has firmly stated there will be no tolerance for any form of violence in higher education institutions in response to an alleged sexual harassment case involving a group chat among students at the University of Indonesia's Faculty of Law. He emphasised the need for safe, inclusive environments and outlined that handling such cases follows Ministerial Regulation No. 55 of 2024 on Prevention and Management of Violence in Higher Education, which mandates task forces for victim protection and recovery. The ministry is coordinating with UI to ensure fair investigations, victim support, and enforcement of sanctions, underscoring a commitment to fostering integrity and justice on campuses.

Stocks rally, oil extends losses as Trump fans fresh peace hopes

Global stock markets rallied on Wednesday following optimistic comments from US President Donald Trump about potential US-Iran talks and direct negotiations between Israel and Lebanon, boosting hopes for an end to the six-week Middle East conflict that has disrupted oil flows. Oil prices extended losses, falling below US$100 amid expectations of reopening the Strait of Hormuz, while Asian indices like the Kospi surged up to 3 per cent. The International Monetary Fund has downgraded its 2026 global growth forecast to 3.1 per cent due to the war's impact, underscoring the fragility of the world economy to regional tensions.

Putin Invites Prabowo to Russia in May and July Next Year

Russian President Vladimir Putin has invited Indonesian President Prabowo Subianto to visit Russia in May and July 2026, to attend an event in Kazan and a major industrial exhibition, respectively, as part of efforts to strengthen bilateral ties. This follows a recent five-hour meeting in Moscow where the leaders agreed on key strategic cooperation points, particularly in the energy and mineral resources sector, including long-term energy security and downstream processing. The agreements also extend to education, technology research, agriculture, and investments in industrial development, underscoring Indonesia's push for enhanced international partnerships amid global dynamics.

Prabowo and Macron strengthen defence and creative cooperation

Indonesian President Prabowo Subianto met French President Emmanuel Macron at the Elysee Palace to discuss expanded cooperation in key sectors including defence procurement, energy transition, infrastructure, education, and the creative economy. Prabowo emphasised France's role as a vital strategic partner in Europe for fostering sustainable and mutually beneficial bilateral ties. This visit follows Prabowo's diplomatic engagements in Moscow, underscoring Indonesia's active strategy in European diplomacy.

Moments of a Chinese Tanker Escaping Through the Strait of Hormuz Under US Military Threat

US Treasury Secretary Scott Bessent has affirmed that Washington will blockade Chinese tankers carrying Iranian oil through the Strait of Hormuz to pressure Tehran's energy revenues, criticising China as an unreliable global partner for its purchases of Iranian oil. Despite the US Central Command's blockade initiated on Monday night following failed negotiations with Iran, a sanctioned Chinese-linked tanker successfully transited the strait on its second attempt after initially turning back. This incident highlights escalating US efforts to enforce sanctions amid tensions, potentially impacting global energy trade routes that carry 20% of the world's energy supplies.

Bank Indonesia Governor Assures Global Investors on Indonesia's Policies to Tackle Global Economic Crisis

Bank Indonesia Governor Perry Warjiyo assured global investors at the IMF Spring Meeting 2026 in the United States that Indonesia's policy mix is on track to address current global economic dynamics, focusing on external stability through interest rate management, foreign exchange interventions, and domestic liquidity strengthening, supported by fiscal commitments to keep the deficit below 3% of GDP. Speaking at a discussion on macroeconomic policy in a fragmented world, he highlighted the need for credible, flexible, and coordinated policies to maintain stability and sustainable growth amid geopolitical tensions and market volatility. Perry emphasised Indonesia's solid economic fundamentals, including strong growth and controlled inflation, and BI's ongoing efforts to enhance policy communication with investors.

Unexpected! IHSG Recovers Faster Than China and Singapore Stock Markets

Amid escalating geopolitical tensions involving the US, Iran, and Israel, which threaten global energy distribution via the Strait of Hormuz, Asian stock markets have faced significant pressure, leading to slow recoveries for most regional indices. Surprisingly, Indonesia's IHSG has rebounded more quickly, gaining 10.11% in just seven trading days after hitting a low on 7 April 2026, outperforming slower recoveries in markets like Malaysia's KLSE (0.83% over 36 days) and Singapore's STI (around 5% in over a month). This rapid bounce-back highlights Indonesia's relative resilience amid ongoing volatility and investor caution pending clearer resolutions to the Middle East conflict.

Confused About Starting to Invest? Here's How to Determine the Right Goals

Investment planning begins with establishing clear, specific goals aligned with personal life objectives such as education, career, and family planning, influenced by factors like age, income, and living conditions. According to Morgan Stanley and Investopedia, goals should be categorised into safety, income, and growth, and divided into short, medium, and long-term horizons to create realistic strategies and avoid emotional, speculative decisions driven by market fluctuations. This foundational approach ensures investments serve long-term targets rather than short-term gains, enabling better risk management and portfolio evaluation.

Komdigi Awaits Good Faith from YouTube and Roblox on PP TUNAS Compliance

Indonesia's Ministry of Communication and Digital (Komdigi) has noted that YouTube and Roblox have yet to fully comply with regulations under Government Regulation No. 17 of 2025 (PP TUNAS), which restricts access to social media for users under 16 to protect children from threats like pornography, cyberbullying, scams, and addiction. While platforms such as TikTok, Facebook, X, Bigo Live, Threads, and Instagram have met the requirements, Komdigi has issued warnings to YouTube and observed partial adjustments from Roblox, expressing confidence in their future improvements. The policy's phased implementation began on 28 March 2026, highlighting the government's commitment to child online safety amid ongoing global platform adaptations.

US-Iran Peace Path Reemerges, Oil Prices Plunge to US$94

Global oil prices have declined further amid renewed hopes for diplomatic talks between the United States and Iran, with Brent crude falling to US$94.62 per barrel and WTI to US$90.70 per barrel. This drop extends a correction from previous surges driven by tensions in the Strait of Hormuz, where supply disruptions have been significant, but markets now anticipate potential resolution through negotiations in Islamabad. The International Energy Agency warns of ongoing risks, including slashed demand forecasts and substantial supply losses, which could signal a broader economic slowdown if the crisis persists.

US Threatens Secondary Sanctions on Supporters of Iran

The US Treasury Department has issued a broad warning to global financial institutions, threatening secondary sanctions against any entities deemed to support Iranian activities amid stalled direct negotiations between the US and Iran. It emphasised an aggressive approach with maximum economic pressure, stating that short-term permits for the sale of Iranian oil already at sea will expire soon without extension, affecting approximately 140 million barrels. This escalation comes after marathon talks ended without a permanent resolution, with President Trump indicating potential continuation in Pakistan.

Effective Today 15 April, New Rules for Benchmark Prices of Nickel and Other Minerals

Indonesia's Minister of Energy and Mineral Resources, Bahlil Lahadalia, has issued new regulations revising the benchmark prices (HPM) for various metallic minerals including nickel, bauxite, iron, gold, silver, tin, copper, manganese, and titanium, effective from 15 April 2026. The changes, outlined in Ministerial Decree No. 144.K/MB.01/MEM.B/2026, introduce updated formulas for calculating HPM for different nickel products such as ore, ferronickel, MHP, MSP, NMS, and NPI, incorporating factors like nickel content, corrective adjustments, and moisture levels. This update aims to standardise pricing mechanisms in the mineral sector, potentially impacting export valuations and industry competitiveness in Indonesia's key mining commodities.

Discussions on Reviving the Tram in Old Town Jakarta and Its Historical Legacy

The Jakarta Provincial Government is considering reviving the historic tram system in Old Town Jakarta as part of revitalisation efforts to create a low-emission heritage area and boost tourism. Deputy Governor Rano Karno highlighted the tram's role in reducing emissions and serving strategic routes like Pasar Ikan and Harmoni. Historically, the system evolved from horse-drawn trams in the 19th century to electric trams in 1899, which served the city for over half a century before being phased out.

ChatGPT Boss's Home Shot At After Being Hit with Molotov Cocktail

Sam Altman, CEO of OpenAI, faced two attacks within days: first, a 20-year-old Daniel Moreno-Gama allegedly threw a Molotov cocktail at his home and attempted to set fire to OpenAI's San Francisco office, motivated by concerns over AI risks to humanity. Two days later, Amanda Tom and Muhammad Tarik Hussein reportedly fired a shot at his residence from a passing car before fleeing, with authorities capturing their vehicle's license plate leading to arrests. These incidents highlight growing tensions and security threats surrounding AI development and its potential existential dangers.

PLN EPI Develops Biomass Gasification in Remote Areas

PT PLN Energi Primer Indonesia (PLN EPI) is advancing biomass gasification to accelerate the dieselisation programme, particularly in remote areas not connected to the national electricity grid, leveraging Indonesia's untapped biomass potential of around 60 million tonnes to bolster national energy security. The initiative, marked by a memorandum of understanding with PT Karimun Power Plant, focuses on producing syngas from biomass for flexible use in diesel power plants and isolated systems, aiming to reduce costs and emissions while supporting the net zero emissions target by 2060. As an initial step, a pilot project in Karimun, Riau Islands, with a current 1 MW capacity expandable to 2-5 MW, addresses supply chain challenges and positions PLN EPI as a key aggregator in the biomass ecosystem, with plans to replicate the model across 200 diesel plant locations nationwide.

NU Congress to Be Held in August, PBNU Rais Aam Hopes for Early in the Month

The 35th Muktamar of Nahdlatul Ulama (NU), Indonesia's largest Islamic organisation, is scheduled for August 2026, with Rais Aam KH Miftachul Akhyar expressing hope for it to occur from 1-5 August, following the traditional cycle. Discussions on the venue continue, with potential locations including Surabaya, Jakarta, or various pesantrens like Lirboyo in Kediri, amid calls to reaffirm NU's foundational principles and the supremacy of its Syuriyah leadership. The event preparation is progressing conducively, with a core committee formed and emphasis on adhering to official information to avoid misinformation.

Via Hajj Task Force, Polri to Eradicate Illegal Hajj Practices and Investigate Rogue Travel Agencies

Indonesian National Police (Polri) has prioritised the eradication of illegal Hajj practices, protection of pilgrims from scams, and ensuring security during the pilgrimage through its involvement in the Hajj Task Force. Collaborating with the Ministry of Religious Affairs, Immigration, and other authorities, Polri's efforts include public education, strict oversight of travel agencies, and layered supervision from administration to departure points. This initiative underscores the government's commitment to regulating Hajj solely through official channels to safeguard pilgrims and maintain order.

SPBU Business Transition Process: Shell Indonesia Now Has a New Boss

Shell Indonesia has appointed Andri Pratiwa as the new President Director and Country Chair, effective from 1 May 2026, replacing Ingrid Siburian amid the company's business transformation, particularly in strengthening its lubricants sector and restructuring its portfolio. Andri will continue as General Manager of Lubricants Indonesia, focusing on growth in this key area, including investments in manufacturing facilities, while the handover of the downstream fuel business to Citadel Pacific Limited and Sefas Group proceeds as part of Shell's global strategy. Ingrid Siburian transitions to General Manager of Mobility to ensure operational continuity during the shift.

Subsidised Housing Requires 45 Million Roof Tiles, Gentengisasi Programme Officially Launched from West Java

The Indonesian government's gentengisasi programme, aimed at replacing roofs with tiles on subsidised housing, has been launched in West Java, starting with the delivery of 44,000 tiles to Lippo Group's Hunian Warisan Bangsa project in Purwakarta. This year, the initiative targets 62,500 subsidised housing units, requiring approximately 45 million tiles and presenting a market opportunity worth around Rp100 billion for local tile producers and SMEs. Officials emphasised maintaining SNI-certified quality, boosting industry growth, improving worker wages, and enhancing prosperity for artisans in regions like Purwakarta, Majalengka, and Cirebon.

Jet Fuel Crisis Threatens Europe, Risk of Flight Reductions Increases

Europe's aviation industry faces a potential shortage of jet fuel in the coming weeks due to supply disruptions from blockades in the Strait of Hormuz, which could lead to systemic impacts including the cancellation of hundreds of flights starting in May and June. Experts from Rystad Energy and ING warn that the situation is critical, with halted operations from the Middle East necessitating alternative sources, while ACI Europe highlights the risk to the peak travel season and the sector's €851 billion annual economic value supporting 14 million jobs. The global nature of energy markets means disruptions in Asia are already evident, and prolonged issues could have severe economic repercussions across Europe.

LKBN ANTARA Educates on Railway Crossing Safety through FGD

Perum LKBN ANTARA, Indonesia's state news agency, hosted a Focus Group Discussion (FGD) titled "Railway Crossing Management: Challenges, Solutions, and Collective Commitment" to educate the public on safety at railway crossings. Director General Benny Siga Butarbutar emphasised the need to amplify educational messages to foster a collective safety culture, addressing low public awareness and the risks posed by illegal crossings, which lead to significant social and economic losses. The event aims to gather insights from academics, observers, cultural experts, and railway enthusiasts to drive comprehensive, sustainable solutions and policy actions for improved transportation safety in Indonesia.

Complying with TUNAS Regulation, TikTok Deletes Accounts of Children Under 16

TikTok has suspended and closed approximately 780,000 accounts in Indonesia belonging to users under the age of 16 to comply with the government's new Peraturan Pemerintah (PP) TUNAS regulation aimed at protecting children in the digital space. The platform is employing AI-based moderation and user reports for age verification, tightening its minimum age policy to 16, and restricting features like live streaming and direct messaging for teenagers. The Ministry of Communication and Digital Affairs praises the move but urges other platforms such as Meta, X, and Google to follow suit, warning of potential administrative sanctions or access restrictions for non-compliance.

West Lombok Regent Threatens to Reclaim Land from STIE AMM Over Unpaid Rent

The Regent of West Lombok, Lalu Ahmad Zaini, has threatened to reclaim a 17,000 square metre government-owned plot used by STIE Akademi Manajemen Mataram due to the institution's failure to pay rent, which should amount to approximately Rp 241.9 million annually based on the latest appraisal, though the school has only offered Rp 25 million. This dispute stems from a long-standing legal battle, including court victories for STIE AMM at the Supreme Court, but the regency has since issued new decrees changing the land's status from use rights to rental and reported the institution to the NTB Attorney General's Office for alleged asset misuse and corruption. The ongoing legal proceedings at the Mataram Administrative Court and the prosecutorial investigation highlight tensions over public asset management and institutional obligations in the region.

Chinese and Russian Foreign Ministers Meet to Prepare Xi-Putin Summit

Chinese Foreign Minister Wang Yi met with his Russian counterpart Sergey Lavrov in Beijing to discuss bilateral issues and prepare for an upcoming summit between Presidents Xi Jinping and Vladimir Putin. The ministers emphasised the resilience of China-Russia relations amid global turbulence, calling for enhanced cooperation in multilateral frameworks like the UN, SCO, and BRICS to counter unilateral hegemony and promote multilateralism. They also addressed regional and international concerns, including the US-Iran conflict, Asia-Pacific situation, and Ukraine crisis, before signing a 2026 consultation plan between their foreign ministries.

East Jakarta prepares SOP and special instructions for managing office waste

The East Jakarta City Government is implementing stricter waste management in office environments by developing a Standard Operating Procedure (SOP) and issuing special instructions for civil servants (ASN) to ensure waste is sorted at the source. Key measures include mandatory separation of organic and inorganic waste in work areas, use of personal drink containers to reduce single-use plastics, and personal responsibility for disposing of waste after meetings, aiming to significantly cut waste volume from the outset. This initiative, supported by facility preparations and collaboration with local organisations, seeks to foster discipline and sustainability, serving as a model for other institutions and the public.

To Ease Family Burden, BPJS Ketenagakerjaan Delivers Compensation to Heirs of South Jakarta PHL

BPJS Ketenagakerjaan has demonstrated its vital role in supporting workers' families by delivering work accident and death benefit payments to the heirs of Abdul Kadir, a daily contract employee in South Jakarta's Environmental Office who died while driving a garbage truck. The swift response, initiated via social media, underscores the agency's commitment to accessible, efficient services through multiple channels, including online and mobile apps. South Jakarta's mayor confirmed that all local contract workers are covered, highlighting the government's dedication to protecting informal sector employees and ensuring their families' welfare.

Residents Choose to Sell Gold on the Side of Senen Road, Quick Cash Without Questioning Receipts

In Jakarta's Senen area, residents like Onah and Yaini are opting to sell their gold jewellery at roadside stalls rather than formal shops, prioritising speed and simplicity over potentially higher prices. They face fewer bureaucratic hurdles, such as providing purchase receipts or documentation, which often lead to rejections or deductions at established jewellers. This trend highlights the demand for immediate liquidity among ordinary citizens, reflecting broader economic pressures in urban Indonesia.

BRIN Advances Nuclear Ecosystem Collaboration with Russia

The National Research and Innovation Agency (BRIN) is accelerating Indonesia's sustainable energy transition through strategic discussions with Rosatom in Russia, focusing on technical collaboration and nuclear power plant infrastructure development. BRIN Head Arif Satria emphasised the urgency of nuclear technology for long-term energy sovereignty, advocating for comprehensive partnerships that include technology transfer and local capacity building to ensure a safe, reliable, and sustainable ecosystem. This builds on decades-long bilateral ties in nuclear research, development, and education, with a commitment to peaceful uses and international safety standards.

Without Old Owner's ID, STNK Renewal Requires Filling Out Block and Name Transfer Form

A new policy in West Java simplifies STNK renewal for second-hand vehicle owners by replacing the need for the previous owner's ID with a declaration form at Samsat, allowing them to proceed with tax payments while committing to future name transfers. Korlantas Polri plans to extend this mechanism nationwide to ease administrative hurdles. Authorities stress that this is a temporary measure, urging owners to complete name transfers promptly to avoid potential issues.

Companies Reluctant to Hire New Employees, Apindo: 1.5 Million Workers Unabsorbed

A survey by the Indonesian Employers Association (Apindo) reveals that the majority of Indonesian companies are unwilling to recruit new workers, despite an annual influx of 3.5 million job seekers. With economic growth at 5%, only around 2 million workers could be absorbed if investments were labour-intensive, leaving 1.5 million unabsorbed and posing significant challenges to the economy, particularly for the lower-middle class workforce. To address this, the Ministry of Public Works is prioritising the Community-Based Infrastructure (IBM) programme, which aims to reach 15,634 locations and create jobs through labour-intensive schemes, boosting local economies even amid budget adjustments.

To Expand Market Share, United and American Airlines Set to Merge

United Airlines CEO Scott Kirby has proposed a merger with American Airlines to the Trump administration in early 2026, potentially creating the world's largest airline amid a more merger-friendly regulatory environment. The combined entity would control about 40% of the US domestic market, but experts predict strict scrutiny and likely rejection due to antitrust concerns, including forced divestitures of 289 routes. Market reaction has been muted, with share price gains attributed to short covering rather than belief in the deal's success.

Recruitment for People's School Students 2026-2027 to Open Soon, Here Are the Requirements

The Indonesian Ministry of Social Affairs is preparing to launch active outreach for recruiting students to the People's School programme for the 2026/2027 academic year, targeting children from the poorest families to ensure equitable access to education. Minister Saifullah Yusuf emphasised a proactive approach involving direct visits by social workers, education officials, and statisticians, based on the National Single Socio-Economic Data, while strictly prohibiting any form of nepotism, bribery, or data manipulation to maintain integrity. The programme prioritises extreme poverty cases and requires parental commitment to completion, underscoring the government's dedication to inclusive and violence-free educational environments.

Following Spanish PM, Now Russia's Foreign Minister Meets Xi Jinping in China

Chinese President Xi Jinping received Russian Foreign Minister Sergei Lavrov in Beijing to discuss conflicts in the Middle East and Ukraine, amid efforts to strengthen bilateral ties. This meeting follows Xi's recent engagements with leaders from Spain, Abu Dhabi, and Vietnam, all affected by Middle Eastern tensions and their economic repercussions. Lavrov criticised US attempts to counter Russia and China through bloc-based structures, highlighting the deepening economic and political partnership between the two nations since Russia's 2022 invasion of Ukraine.

Ministry of Health Regulates Nutri Level Labelling on Ready-to-Eat Food and Beverage Packaging

The Indonesian Ministry of Health has issued a regulation mandating the Nutri Level nutritional label on ready-to-eat foods and beverages, particularly sweetened drinks produced by large-scale businesses, to educate consumers and curb excessive intake of sugar, salt, and fat. This measure aims to prevent non-communicable diseases such as obesity, hypertension, cardiovascular issues, stroke, and type 2 diabetes, amid rising healthcare costs like a 400% increase in kidney failure expenses from Rp 2.32 trillion in 2019 to Rp 13.38 trillion in 2025. The policy aligns with the Health Law's cross-sectoral disease prevention mandate and initially targets large enterprises, with labels based on accredited lab tests categorising products from A (lowest GGL content) to higher levels.

Latest! IMF Projects Indonesia's Economy Could Grow 5% in 2026

The International Monetary Fund (IMF) has revised its forecast for Indonesia's economic growth downwards to 5% for 2026, from a previous estimate of 5.1%, while maintaining the 5.1% projection for 2027. This adjustment aligns with a broader slowdown in global growth to 3.1% in 2026, attributed to escalating geopolitical conflicts in the Middle East, with global inflation expected to rise to 4.4%. For Indonesia, inflation is anticipated to increase to 3% this year before easing to 2.6% in 2027, highlighting the country's relative resilience amid international headwinds.

Saudi Arabia and Indonesia Eye Stronger Cultural Ties

Prince Badr bin Abdullah bin Farhan Al Saud has highlighted the potential for Indonesia and Saudi Arabia to deepen cultural collaboration, building on over 75 years of relations rooted in shared Islamic heritage. Opportunities span heritage preservation, museums, creative industries, and people-to-people exchanges, including joint events, films, and academic initiatives to foster mutual understanding. This partnership extends beyond religion, reflecting evolving global outlooks and inviting Indonesians to experience Saudi Arabia's rich cultural offerings.

Get Ready, Goldman Sachs Plans to Launch the World's First Crypto ETF

Goldman Sachs is set to introduce the first crypto exchange-traded fund (ETF) through its asset management division, following a filing with the U.S. Securities and Exchange Commission, aiming to provide Bitcoin price exposure while generating additional income from bitcoin options. This move comes shortly after rival Morgan Stanley launched a similar product amid a challenging crypto market influenced by volatility in precious metals, tech stock sell-offs, and geopolitical tensions involving the US, Israel, and Iran. Analysts note the potential appeal of the options-based income but highlight persistent high volatility and price decline risks for investors.

Internships a Way for Companies to Pay Low Wages? Here's What Business Owners Say

The Indonesian Employers Association (Apindo) has refuted claims that internship programmes are being exploited by companies to pay workers low wages, emphasising that they serve as essential learning processes to equip candidates with industry-relevant skills before entering the formal workforce. Apindo officials highlighted that internships provide pocket money rather than formal wages and are crucial for enhancing human resource quality alongside educational reforms, potentially bridging the gap between job seekers and industry needs. Amid a "yellow light" status for the labour market, with 3.5 million new entrants annually outpacing formal job creation and pushing over 60% of workers into the informal sector, proper implementation of internships could bolster workforce readiness without compromising protections.

IFG Life Prepares Rp7.5 Trillion to Pay Claims for Former Jiwasraya Customers This Year

PT Asuransi Jiwa IFG (IFG Life) has allocated Rp7.5 trillion for 2026 to settle insurance claims and benefits for 94,793 former Jiwasraya policyholders, demonstrating its commitment to the ongoing restructuring process. The Indonesian government has provided Rp26.56 trillion in state capital participation (PMN) through the Indonesia Financial Group (IFG) to support these obligations and ensure the sustainability of policy management. IFG Life is enhancing customer trust by offering fee-free services across 20 cities, dedicated offices in Jakarta and Surabaya, and upholding strong corporate governance for long-term protection.

Indonesia to Receive Oil and LPG Supplies from Russia

Indonesia has secured supplies of crude oil and liquefied petroleum gas (LPG) from Russia as part of President Prabowo Subianto's visit to Moscow, with Energy Minister Bahlil Lahadalia confirming the agreement following a meeting with his Russian counterpart Sergey Tsivilev. The partnership, explored through government-to-government (G2G) and business-to-business (B2B) schemes, aims to bolster national energy reserves amid global market volatility influenced by geopolitical factors. This collaboration extends to potential areas such as crude oil storage development, long-term supplies, nuclear energy exploration, and mineral sector cooperation, positioning Russia as a key strategic partner for Indonesia's energy security.

Polytron Targets Doubling Electric Vehicle Sales This Year

Polytron, a local Indonesian brand, is aiming to double its electric vehicle sales in 2026 following a strong performance in 2025, where it achieved 353 retail sales and ranked in the top 25 nationally despite entering the market mid-year. The company distributed 455 units last year across its G3 and G3+ models and has already recorded 153 retail sales in the first quarter of this year. This push underscores Polytron's growing seriousness in the increasingly competitive national EV market and its efforts to solidify its position among established players.

Ancol Reports Profit of Rp180 Billion, Prepares Major Transformation Towards Jakarta's 500th Anniversary

PT Pembangunan Jaya Ancol Tbk (PJAA) has reported a net profit of Rp180.19 billion for the 2025 fiscal year, with revenue reaching Rp1.121 trillion, and approved a dividend payout of Rp41.6 billion, equivalent to Rp26.05 per share. The company appointed Syahmudrian Lubis as the new President Director to strengthen its business strategy amid global economic uncertainties. In preparation for Jakarta's 500th anniversary in 2027, PJAA plans significant innovations to position Ancol as a modern tourism and educational destination attracting both local and international visitors, aligning with directives from major shareholder Governor Pramono Anung.

OpenAI Releases GPT-5.4-Cyber, AI Specially Designed to Find Cybersecurity Vulnerabilities

OpenAI has launched GPT-5.4-Cyber, a flagship AI model tailored for cybersecurity professionals to detect and analyse system vulnerabilities, positioning it as a direct competitor to Anthropic's recently released Mythos. The model, a fine-tuned version of GPT-5.4, excels in capabilities like binary reverse engineering but is restricted to verified vendors, organisations, and researchers due to potential misuse risks. Concurrently, OpenAI is expanding its Trusted Access for Cyber programme to gradually provide access to thousands of individuals and hundreds of teams safeguarding critical software.

Video: Chinese Tyremaker Builds Factory in Indonesia, Targets 7 Million Tonnes Production

Chinese tyre manufacturer Sailun has invested Rp 4.25 trillion in a new factory in Demak, Java, set to commence operations in January 2026, aiming to produce 7 million tonnes of tyres annually across passenger, truck/bus, and off-the-road segments. The company is already marketing its premium brands Sailun, RoadX, Blackhawk, and Maxam in Indonesia, receiving positive market response and increasing demand. This development enhances Indonesia's tyre production capacity and introduces advanced, efficient manufacturing to compete in the local market.

Expanding National STEM Access, MDIY Launches This Initiative!

PT Daya aIntiguna Yasa Tbk (MR. D.I.Y. Indonesia/MDIY) has launched the "Inspiring the Next Generation of Innovators" initiative under its MR. D.I.Y. for Indonesia programme to promote interactive STEM education among students, starting in underserved areas like East Sumba and expanding to Jakarta. This first-of-its-kind effort by an Indonesian home improvement retailer aims to foster curiosity, creativity, and problem-solving skills in children, aligning with national development goals for equitable education access. By involving local foundations and targeting thousands of students, the programme underscores MDIY's commitment to community empowerment and supporting Indonesia's future workforce in a global context.

Maintaining Clarity Amid the Distortions of the Jusuf Kalla Issue

In an era of rapid information dissemination, the column warns against hasty reactions to fragmented statements attributed to prominent figure Jusuf Kalla, which often lose their original context and fuel public polarisation. It emphasises the need for the public to exercise restraint, reconstruct information holistically, and resist manipulation through selective narratives. This approach underscores the evolving nature of social knowledge formation, where speed trumps depth, highlighting the importance of rational discernment in political discourse.