Indonesian Political, Business & Finance News

Archive: 20 April 2026

Showing 1,501-1,536 of 1,536 articles

Iran Will Not Attend Second Round of Talks with US in Pakistan

Iran has decided against participating in the next round of negotiations with the United States in Pakistan, citing the ongoing US blockade of its ports and recent aggressive incidents at sea as major obstacles. This development comes just days before the expiry of a fragile two-week ceasefire in the Middle East, following a US-Israel attack on Iran, with only one inconclusive 21-hour session held previously in Islamabad. The standoff, exacerbated by Iran's temporary closure of the Strait of Hormuz and subsequent US naval blockade, threatens global energy markets, as the strait handles one-fifth of the world's oil and liquefied natural gas in peacetime.

Aftermath of Glass Lift Demolition: REI Urges Bali Provincial Government to Eliminate Ambiguous Investment Rules

The demolition of a glass lift project at Tebing Kelingking in Nusa Penida has sparked calls from the Real Estate Indonesia (REI) association for the Bali Provincial Government to clarify investment regulations, highlighting the need for unambiguous legal frameworks to prevent future disputes. REI emphasises that clear rules from the outset would provide investors with legal certainty, avoiding wasteful demolitions and administrative uncertainties that could harm Bali's business climate, particularly in tourism and property sectors. Despite regulatory challenges in tourism, the housing market in Bali remains robust, underscoring the importance of balancing economic growth with environmental protection through consistent spatial planning policies.

JCI Predicted to Move in Limited Fashion, Retail Investors Advised to Watch MDKA, BBRI, and NCKL Shares

The Jakarta Composite Index (JCI) is projected to see limited gains on Monday, consolidating between 7,700 and 7,750 amid global uncertainties from the US-Iran ceasefire deadline and awaiting key economic data releases. Equity Research Analyst Alrich Paskalis Tambolang from Phintraco Sekuritas highlights the index's technical strength above short-term moving averages, with support at 7,500 and resistance at 7,700. Investors are recommended to monitor stocks including MDKA, INTP, CLEO, WIIM, and NCKL, though decisions remain the responsibility of individual investors.

Public Outcry Over Sudden Increase in Non-Subsidised Fuel Prices

The Indonesian government has implemented a sharp, unannounced increase in non-subsidised fuel prices effective from 18 April 2026, with Pertamax Turbo rising by Rp 6,300 to Rp 19,400 per litre and Pertamina Dex surging by Rp 9,400 to Rp 23,900 per litre, while subsidised variants remain unchanged. This move has drawn criticism from DPR member Mufti Anam of the PDIP faction, who described it as burdensome to the public due to the lack of prior communication and contradictory to earlier assurances that fuel prices would remain stable amid global pressures. The policy is seen as a setback, potentially eroding public trust in government narratives on economic stability.

Pasteur Toll Exit Blamed for Bandung Traffic Jams, KDM Proposes This Plan

West Java Governor Dedi Mulyadi has proposed constructing an underpass at the Pasteur toll exit on Jalan Dr Djundjunan to alleviate severe traffic congestion in Bandung, particularly during weekends. The plan aims to allow vehicles from the toll to proceed straight without intersecting with traffic lights from Jalan Surya Sumantri, with studies underway and potential construction targeted for 2027 pending budget approval. This initiative addresses a persistent issue exacerbated by vehicles from Jabodetabek regions, highlighting ongoing efforts to improve urban mobility in the province.

Oil jumps, stocks wobble as Mideast ceasefire hangs in the balance

Oil prices surged approximately 6% to US$96 a barrel amid escalating tensions in the Middle East, where the ceasefire in the Iran war is in doubt following the US seizure of an Iranian cargo ship and Iran's reimposition of restrictions on the Strait of Hormuz, though some vessels still transited the key waterway. Global stock markets showed mixed responses, with S&P 500 futures down 0.7% and Asia-Pacific indices varying, while the US dollar strengthened and bond yields rose slightly as investors weigh the potential for resolution against risks of prolonged conflict. This volatility underscores the markets' sensitivity to geopolitical risks in the Gulf, which could exacerbate inflation through disrupted oil supplies, even as optimism persists for a deal ahead of US midterm elections.

Due to This Reason, Iran Has Not Decided to Send Delegation to Pakistan

Iran has refrained from sending a delegation to Islamabad for negotiations amid the ongoing US naval blockade, as confirmed by its negotiation team. Recent message exchanges between Iran and the US, facilitated by Pakistan, continue as a follow-up to the failed first round of talks, which collapsed due to excessive US demands. The Iranian side insists that no discussions will proceed while President Donald Trump's blockade statements remain in effect.

Vapes Becoming 'Gateway' to Drugs, Cak Imin: Pesantren Environments Must Not Be Complacent!

Muhaimin Iskandar, known as Cak Imin and the Chairman of the National Awakening Party (PKB), has raised alarms over the misuse of electronic cigarettes or vapes as a new vessel for narcotics distribution, particularly as it infiltrates educational settings including pesantrens. Responding to findings from the National Narcotics Agency, he urged heightened vigilance from families, schools, and law enforcement, calling for robust government regulations, stringent oversight, and widespread education to protect the youth. Cak Imin emphasised a balanced, data-driven approach to address this sophisticated threat without causing undue public panic, advocating for cross-sector collaboration to safeguard educational spaces as safe havens for character building.

Trump Claims US Forces Shoot and Seize Iranian-Flagged Ship in Gulf of Oman

US President Donald Trump announced that American naval forces intercepted and seized an Iranian-flagged cargo ship named Touska in the Gulf of Oman after it attempted to breach a US naval blockade, marking a significant escalation in the ongoing conflict. The incident, involving the USS Spruance disabling the vessel by damaging its engine room, occurs amid heightened tensions in the Strait of Hormuz, a critical global route for oil and liquefied natural gas, which has been partially closed due to the seven-week-old US-Israel war with Iran. This action highlights Iran's repeated blockades in response to US sanctions and perceived trust violations, potentially disrupting international trade and energy supplies.

Portrait of Security for US-Iran Talks in Pakistan, the Fate of the World at Stake

Pakistan is hosting the second round of US-Iran peace talks in Islamabad amid heightened security measures, including checkpoints around key sites like Faisal Mosque, as tensions escalate due to the US blockade of the Strait of Hormuz. US President Donald Trump has signalled that negotiations could resume within days, praising Pakistan's army chief for maintaining stability, while UN Secretary-General Antonio Guterres sees a strong possibility for continuation despite ongoing disputes over Iran's nuclear ambitions. The conflict, now in its seventh week, has caused widespread humanitarian and global economic impacts, including soaring oil prices following restrictions on Chinese tankers.

12 kg LPG Price Rises 18%, Here's the Selling Price in West Java, Central Java, and DIY

PT Pertamina Patra Niaga has increased the price of non-subsidised 12 kg LPG cylinders by 18.75% to Rp228,000 per cylinder, marking the first hike since 2023, with similar adjustments for 5.5 kg cylinders to Rp107,000. The price rise, effective from 18 April 2026, applies initially to major Java and surrounding regions, with variations elsewhere based on distribution costs, driven by surging global oil prices amid geopolitical tensions. This adjustment follows a price reduction in November 2023 due to a weakening rupiah against the dollar, highlighting the volatility in energy markets influenced by international conflicts involving the US, Israel, and Iran, which have disrupted key supply routes like the Strait of Hormuz.

323 Schools in Majalengka Damaged and Awaiting Revitalisation

In Majalengka Regency, 323 schools have been identified as requiring revitalisation, with proposals submitted to the Ministry of Basic and Secondary Education for comprehensive upgrades covering early childhood, primary, and junior secondary institutions. The local government is addressing the issue through regional budget allocations for 22 schools this year while awaiting central funding approval. Officials emphasise regulatory compliance in using school operational funds for maintenance and highlight the importance of community oversight to ensure timely improvements for students' learning environments.

Prices Above HPP, Farmers' Paddy Flooded by Out-of-Town Buyers

Farmers in Indramayu Regency are beginning the harvest for the 2025/2026 rendeng planting season, benefiting from paddy prices exceeding the government's purchase price (HPP) of Rp 6,500 per kilogram, with varieties like Kebo fetching Rp 7,200 and Ciherang up to Rp 7,800. Without simultaneous harvesting due to staggered planting, prices are expected to remain high above Rp 7,000, attracting buyers from neighbouring districts such as Subang and Karawang. This trend encourages farmers to sell immediately rather than store their produce, potentially boosting local agricultural income amid favourable market conditions.

US Senate Dominance Crumbles, Republican Politician: Momentum Shifts to Democratic Party

Anxiety is rising among Republicans ahead of the US Senate elections as their majority appears less secure amid ongoing economic pressures and the unresolved Iran conflict. Strategists like Jason Roe from Michigan admit that momentum has shifted towards the Democrats, making the race much tighter than anticipated. While Republicans boast strong candidates, worsening national conditions such as rising living costs and fuel prices could sway public sentiment unpredictably, potentially benefiting Democratic challengers.

Police Uncover LPG Gas Mixing Operation, Perpetrator Profits Tens of Millions of Rupiah

Indramayu police have dismantled an illegal operation mixing subsidised 3kg LPG cylinders into non-subsidised 12kg ones, arresting a suspect who caused state losses of tens of millions of rupiah. The case, uncovered in Blok Nambo, Gantar District, followed reports of subsidy misuse, with the perpetrator transferring subsidised gas contents and selling them at market prices for profit. This bust highlights ongoing challenges in protecting Indonesia's subsidised fuel distribution from fraud, potentially impacting government energy subsidy programmes.

123 Million Litres of Clean Water Ready to Be Distributed to El Niño-Affected Areas in Central Java

Central Java's Regional Disaster Mitigation Agency (BPBD) has coordinated with 28 districts and cities to prepare 123 million litres of clean water in anticipation of drought caused by the El Niño phenomenon in 2026. Drawing lessons from previous droughts in 2019 and 2023, local governments have allocated specific budgets for this essential aid to ensure water supply for affected communities. Klaten District leads with nearly 58 million litres, highlighting a proactive regional response to mitigate the impacts of climate variability on public welfare.

Police Dismantle Illegal Prescription Drug Syndicate, Hundreds of Pills Hidden in Iron Box

Police in Cirebon have dismantled a syndicate distributing illegal prescription drugs targeting young people, arresting a 23-year-old man suspected of leading the operation. Officers seized 515 Tramadol tablets, 53 Trihexyphenidyl tablets, and Rp 994,000 in cash from a hidden stash inside an old electric iron box, highlighting the ongoing threat of such substances in the community. Authorities are pursuing the main supplier and urge the public to report suspicious activities to combat the spread of these dangerous drugs.

Finance Minister Reveals Many US Investors Keen to Invest in Indonesia

Finance Minister Purbaya Yudhi Sadewa has disclosed that numerous US investors are eager to invest in Indonesia, particularly showing enthusiasm for portfolio instruments such as bonds and shares rather than direct foreign investments. This interest was expressed during his meeting with global investors in Washington DC on 14 April 2026. The development signals growing confidence in Indonesia's financial markets and could bolster the country's economic prospects amid global investment shifts.

Opening Central Java Democratic Party Congress, AHY: Don't Be Afraid, Seize Victory!

Agus Harimurti Yudhoyono (AHY), the General Chairman of the Democratic Party, urged cadres in Central Java to unite and build strength to secure victories in upcoming political contests, particularly the 2029 elections, during the opening of the party's fourth provincial congress in Semarang. He highlighted Central Java's strategic importance in political, economic, and social spheres, calling for grassroots efforts to enhance welfare and economic growth while increasing the party's legislative seats. AHY emphasised resilience amid political dynamics, noting recent improvements but warning against complacency as the party aims for success in parliamentary and regional elections.

Spain Urges EU to End Association Agreement with Israel

Spain's Prime Minister Pedro Sanchez is set to propose that the European Union terminate its association agreement with Israel, citing alleged violations of international law amid the Gaza conflict and attacks on Lebanon. This move follows Spain's recognition of Palestine in 2024 and joint calls with Ireland and Slovenia for a review of the 2000 agreement, which mandates respect for human rights. The proposal highlights escalating diplomatic tensions, with Israel accusing Spain of a hostile campaign and barring it from post-war Gaza stabilisation efforts.

Hashim: It is Natural for MBG to Have Shortcomings, as it is Being Implemented for the First Time

Hashim Djojohadikusumo, the President's Special Envoy for Energy and Environment, has stated that the initial shortcomings in the Free Nutritious Meals (MBG) programme, such as food poisoning and maggot infestations, are expected given it is the first implementation on such a large scale. He emphasised the programme's strategic importance in combating stunting among Indonesian children, a concern raised by President Prabowo Subianto since 2006 when 30% of children were affected. Hashim urged the National Association of Village Consultative Bodies (Abpednas) to oversee the programme's execution in villages, utilising the Jaga Desa application to ensure quality and prevent deviations.

Dozens of Hectares of Rice Fields at Risk of Crop Failure, Kuningan Acts Swiftly to Control Brown Planthoppers

The Kuningan Regency Food Security and Agriculture Service has launched a rapid response to a brown planthopper infestation threatening 20 hectares of rice fields in Cikaso Village, Kramatmulya District, potentially leading to total crop failure. Through integrated pest management, including pesticide distribution, simultaneous spraying, and farmer education on ecosystem-based approaches, the initiative aims to suppress the pest population effectively while preserving environmental balance. This action underscores the critical role of timely intervention in safeguarding food security amid significant harvest losses that could reach 100% if unchecked.

Embezzling Parish Funds of Rp28 Billion: The Businesses of Former BNI Official and Wife

Police in North Sumatra arrested Andi Hakim Febriansyah, a former BNI bank official, and his wife Camelia Rosa for allegedly embezzling approximately Rp28 billion from a Catholic church credit union, though he has admitted to only Rp7 billion. The misappropriated funds were channelled into various business ventures owned by the couple, including PT Chiara Keanu Chareem Sejahtera (CKC Corp), which operates in food and beverage, home decor, boutique, automotive, and frozen food sectors, alongside expansions into a seven-branch CKC Corner culinary chain, a Mini Zoo educational park, and a Sport Center in Rantau Prapat. This case highlights the misuse of trusted positions in banking and community institutions to perpetrate financial fraud, underscoring vulnerabilities in cooperative financial systems within religious organisations.

IHSG Rebound Signal: Discounted Blue Chip Stocks Become Targets

The Indonesian stock market has faced various pressures since the start of the year, resulting in a year-to-date decline of 11.71% for the Composite Stock Price Index (IHSG), closing at 7,634 on Friday (17/4/2026). This correction has rendered blue chip stocks relatively undervalued, with the LQ45 and IDX80 indices dropping 10.36% and 10.85% year-to-date, respectively. Despite this, many constituents recorded significant net profit growth throughout 2025, positioning these discounted shares as attractive investment opportunities.

Police Raid Illegal Pharmaceutical Drug Warehouse in Cirebon

Police from the Cirebon Police Resort's Narcotics Unit conducted a covert operation, successfully raiding a rented house used as a storage site for thousands of unauthorised hard drugs, arresting a 29-year-old suspect identified as RA alias OKI. The raid uncovered 3,300 Tramadol tablets, 3,950 Trihexyphenidyl tablets, Rp 2.2 million in cash believed to be proceeds from illicit transactions, a mobile phone used for communications, and a television box employed to conceal the drugs. Cirebon Police Chief Kombes Pol Imara Utama emphasised that the operation prevented the distribution of these 7,250 dangerous pills, which could harm the youth in the region.

Parliament Pushes for Transparent Carbon Market, Sari Yuliati: Indonesia Has Billion-Dollar Green Investment Opportunities

Indonesia's Deputy Speaker of Parliament, Sari Yuliati, has emphasised the country's commitment to developing a high-integrity carbon market as part of global efforts to combat climate change, highlighting Indonesia's vast tropical forests and ecosystems as key carbon sinks. She stated that optimal management of these resources could attract billions in green investments and strengthen Indonesia's position in a low-carbon economy. Yuliati called for transparent national carbon markets and cross-sector collaboration to ensure credibility and significant global impact.

YIA Embarkation Serves 26 Hajj Flight Groups, First Group Departs on 21 April 2026

Yogyakarta International Airport (YIA) will handle 26 flight groups of Hajj pilgrims departing for the Holy Land, with the inaugural flight scheduled for 21 April 2026 at 23:40 WIB using Garuda Indonesia's Airbus A330 aircraft, each carrying 360 passengers. Of these, 10 full groups and half of another are from the Special Region of Yogyakarta (DIY), with the remaining groups including a mix from DIY and Central Java, reflecting coordinated efforts by the Ministry of Religious Affairs. This embarkation underscores Indonesia's logistical preparations for the annual Hajj pilgrimage, a key religious and social policy initiative supporting over 9,000 pilgrims from the region.

Minister Pigai on Criticism from Feri Amsari: Not Even Worth Responding To, Let Alone Reporting to the Police!

Human Rights Minister Natalius Pigai has dismissed the need to report or even respond to criticisms made by constitutional law expert Feri Amsari against the government's food self-sufficiency policy, emphasising that such opinions are protected constitutional rights and should be countered with facts rather than legal action. Pigai highlighted that criticism cannot be criminalised unless it incites rebellion or attacks based on ethnicity, race, or religion, and warned that policing academics risks portraying the government as anti-criticism and undemocratic. This stance comes amid reports against Amsari and another academic, underscoring tensions over public discourse on government policies in Indonesia's maturing democracy.

Vice President Vance to Lead US Delegation in Negotiations with Iran in Pakistan

US Vice President JD Vance is set to lead a delegation, including special envoy Steve Witkoff and Jared Kushner, to Islamabad for talks with Iran aimed at resolving the escalating Middle East conflict before the impending ceasefire expires. This follows President Donald Trump's initial announcement that Vance would not travel due to security concerns, which was quickly contradicted by White House officials. The negotiations come amid Iranian violations, including attacks on shipping in the Strait of Hormuz, with Trump threatening severe retaliation if no deal is reached, highlighting the high stakes for regional stability.

Open Unemployment Rate at 3.62 Percent, Majalengka Firmly Committed to Eradicating Middlemen

Majalengka Regency in West Java has achieved an open unemployment rate of 3.62 percent, significantly lower than the provincial average of 6.66 percent, highlighting effective local employment strategies. Regent Eman Suherman has overseen the absorption of 12,000 workers since taking office and is advancing the Matahati programme to ensure transparent and accountable recruitment, prioritising local hires and combating illegal fees and middlemen. The initiative involves close collaboration with industries, mandatory direct recruitment quotas through government systems, and strict legal action against exploitation, aiming to enhance job opportunities, worker preparedness, and efficiency for businesses.

Strategic Ways to Close Jakarta's Digital Gap Through Global Higher Education Innovation

Jakarta faces a critical shortage of digital talent, hindering its economic transformation, with nearly 70% of tech managerial positions held by foreign experts due to inadequacies in local education. Institutions like UNMAHA, in partnership with LSAF GLOBAL, are introducing specialised Informatics Engineering programmes with international standards and practical training to bridge this gap and support Indonesia's Golden Vision 2045. This initiative aligns with government efforts to enhance digital literacy and reduce reliance on foreign expertise, potentially accelerating the growth of the digital economy by producing competent local professionals.

BGN Head: "Jaga Desa" Adds Oversight Facilities for MBG Programme

The Head of the National Nutrition Agency (BGN), Dadan Hindayana, has stated that the "Jaga Desa" digitalisation programme, developed by the Attorney General's Office in collaboration with the Ministry of Villages and Underdeveloped Regions, will enhance monitoring of the Free Nutritious Meals (MBG) initiative. This application is expected to foster greater seriousness and accountability among Nutrition Fulfilment Service Units (SPPG) in implementing MBG, particularly in overseeing the utilisation of funds transferred to virtual accounts at the village level. Attorney General ST Burhanuddin emphasised the programme's role in ensuring transparent and corruption-free village governance.

255th Anniversary Ceremony: Mahayastra Urges Gianyar Residents to Support Bali Provincial Government Programmes

At the peak ceremony commemorating the 255th anniversary of Gianyar City, Regent I Made Agus Mahayastra called on residents to support key strategic initiatives by the Bali Provincial Government, including digital governance, land use control, waste management, quality tourism development, eco-friendly transport, and enhanced security. These programmes, aligned with the vision of Nangun Sat Kerthi Loka Bali, emphasise sustainable development rooted in local wisdom and require collective effort from government, traditional villages, community leaders, academics, and businesses to tackle global challenges and promote overall welfare. The event was integrated with the Gianyar Cultural Week, highlighting the importance of community synergy in preserving and advancing local arts and culture.

Bulog CEO Invites Public to Check Rice Stocks in Warehouses

Perum Bulog's CEO, Ahmad Rizal Ramdhani, has invited the public to directly inspect rice stocks in warehouses as part of the company's commitment to transparency and to assure the security of national food supplies. This initiative aims to build public trust in the professional management of government rice reserves, with Bulog targeting to absorb 4 million tons of rice equivalent this year, up from 3 million the previous year, supported by over 2,900 warehouses with a combined capacity exceeding 5.7 million tons. The move follows a recent surprise inspection by President Prabowo Subianto at a Bulog warehouse in Magelang, Central Java, confirming full stocks and readiness for distribution.

Motive Behind Stabbing of Nus Kei Revealed, Suspected Due to Long-Standing Grudge

The motive for the fatal stabbing of Agrapinus Rumatora, known as Nus Kei, Chairman of the Golkar Party's Regional Representative Council in Southeast Maluku, has been uncovered as a long-standing grudge held by the two suspects. Identified as HR (28) and FU (36), the perpetrators allegedly had prior conflicts with the victim in Jakarta and carried out the attack at Karel Sadsuitubun Airport shortly after his arrival from the capital. This shocking incident at the airport underscores rising concerns over political violence in Indonesia, prompting intensive police investigations into the suspects who are now in custody.

Attorney General Asks Subordinates Not to Easily Designate Village Heads as Suspects

Attorney General ST Burhanuddin has instructed prosecutors to avoid criminalising village heads for administrative errors in managing village funds, urging them to designate suspects only when there is clear evidence of fund misappropriation. He emphasised the need for guidance and training for village heads, who often lack administrative knowledge, and stressed that accountability for such errors should lie with the relevant district government departments rather than the elected officials. This directive aims to prevent unnecessary prosecutions and support effective village governance amid significant financial responsibilities.