Indonesian Political, Business & Finance News

Archive: 31 May 2026

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Video: Grab! Massive Discounts on 1PK AC at Transmart

Transmart's Full Day Sale offers discounts of up to 70% on selected products nationwide today. The Polytron 1PK air conditioner is available for Rp3,487,200, a significant drop from its original price of Rp5,149,000, with free installation and piping included. Customers using Bank Mega or Allo Bank credit cards can enjoy an extra 20% discount on eligible items.

Karawang police foil meth smuggling attempt concealed in condom during prison visit

Police in Karawang have foiled an attempt to smuggle methamphetamine into a prison concealed within a condom, seizing the drugs before they could reach inmates. The incident occurred during a prison visit on 30 May, with two suspects identified and under investigation. Authorities emphasised zero tolerance for drug trafficking, stressing its threat to national future.

Dino Patti: Prabowo Spends 1 in 6 Days Abroad

Dino Patti Djalal, founder of the Foreign Policy Community of Indonesia, has advised President Prabowo Subianto to significantly reduce costly overseas travel, citing public concern over expenditure. He proposes alternatives such as virtual meetings, leveraging international summits for bilateral talks, and delegating diplomatic missions to the Foreign Minister to save costs and enhance transparency. His recommendations come amid growing scrutiny of presidential travel expenses during a period of global economic uncertainty.

Drone Worth Half a Trillion Rupiah Destroyed as US Contractors and Soldiers Injured in Iran Retaliation

Iran's missile strike on a Kuwaiti airbase injured US personnel and destroyed military drones, escalating tensions in the Strait of Hormuz. The attack followed US strikes on Iranian military sites, with both sides continuing hostilities despite a fragile ceasefire. The US Central Command has not issued an official statement.

MIXUE Drives Local Economic Growth Through Entrepreneurship and Job Creation

MIXUE has significantly boosted Indonesia's local economy by creating over 12,800 direct jobs and 20,000 indirect roles through its franchise model, while supporting entrepreneurship and community initiatives. The company's efforts in social programmes and environmental sustainability, including plastic reduction, highlight its commitment to sustainable growth alongside local communities. Industry experts regard MIXUE as a prime example of global brands successfully adapting to Indonesian market needs.

President Prabowo's France Visit Secures Four Deals Worth Rp61.25 Trillion

President Prabowo Subianto's visit to France secured four commercial agreements totalling US$3.5 billion (Rp61.25 trillion), bolstering bilateral economic ties. The deals, announced at the France-Indonesia High Level Business Council launch, aim to triple bilateral trade by 2035 through enhanced cooperation between Indonesian and French business organisations.

Telkom starts 2026 with solid performance as revenue grows to Rp37.2 trillion

PT Telkom Indonesia reported a 1.5% year-on-year rise in consolidated revenue to Rp37.2 trillion for Q1 2026, with EBITDA at Rp18.0 trillion and net profit of Rp4.3 trillion. Despite transitional pressures from accelerated depreciation, operational fundamentals remained strong, supported by growth in digital services and infrastructure segments. Strategic restructuring efforts, including divestments and capital expenditure on core infrastructure, are aimed at enhancing long-term competitiveness and sustainability.

Deputy Minister for Human Rights Confirms Papuan Aspirations Key to Human Rights Law Revision

Deputy Minister for Human Rights Mugiyanto has confirmed that Papuan community aspirations will form a crucial part of the revision of Indonesia's Human Rights Law (Law No. 39/1999), with the aim of finalising the update by 2026. The revision seeks to modernise the legislation into an umbrella law that addresses contemporary challenges like AI and data protection, while strengthening the national human rights ecosystem. The move also includes establishing a dedicated endowment fund and ensuring institutional independence for the National Human Rights Commission.

Gold prices at Galeri 24, UBS and Antam Retro today: Antam at Rp2.9 million

Gold prices for major Indonesian brands surged today, with Antam's 1-gram bar priced at Rp2.911 million. Galeri 24, UBS, and Antam Mulia Retro also recorded significant gains, reflecting heightened market demand. The uptick underscores sustained investor interest in precious metals amid current economic conditions.

East Jakarta Wedding Organiser Owner Accused of Scamming Couples Confronted by Victims

Police have arrested a married couple running a wedding organiser business in East Jakarta, accused of defrauding 58 couples and causing losses totalling Rp 2.6 billion. During a police-conducted confrontation, victims demanded accountability, while the suspects pleaded for leniency to repay damages. Authorities continue investigations and urge more victims to come forward.

Sunset, cangkrukan and city memories

Surabaya's Senja Budaya event during its 733rd anniversary has transformed the historic Tugu Pahlawan monument into a vibrant public space for cultural interaction, blending traditional food, performances, and games. This initiative reflects a strategic shift from static monuments to dynamic social laboratories, preserving collective memory while boosting cultural tourism. Data indicates that traditional food experiences are particularly appealing to Gen Z, who prioritise authenticity in their consumption.

New Phenomenon at Warteg: Indonesians Flock to Budget Meals for Full Stomachs

Rising food prices and declining purchasing power have driven Indonesians to prioritise cheaper options like tofu, tempeh, and fried snacks at warteg eateries. Vendors report a sharp decline in sales of premium items such as beef rendang and shrimp, with meals now commonly priced between Rp10,000 and Rp15,000. Despite reduced spending on protein dishes, rice portions remain unchanged as customers focus on affordability without compromising on fullness.

Weekly Politics: Prabowo's Sacrificial Cattle and French Diplomacy

President Prabowo Subianto's recent political activities include the approval of state budget usage for premium sacrificial cattle for Eid al-Adha by DPR Commission III, and a state visit to France resulting in four new commercial agreements in energy, trade, and defence. The visit also led to a directive expanding French language education across all Indonesian education levels.

BYD M6 DM Classic Set to Be Cheapest Variant: What Features Does It Offer?

BYD Motor Indonesia has confirmed the M6 DM Classic as the entry-level model in its upcoming M6 DM lineup. The variant will launch alongside the official price announcement, featuring simplified elements such as plastic grille, halogen headlights, smaller wheels, and fewer chrome accents, while retaining essentials like rear wipers.

Java Jazz 2026 and Music Royalty Distribution News

The National Collective Management Organisation (LMKN) has announced a phased data-based royalty distribution system starting June 2026, running alongside the Unlogged Performance Allocation (UPA) scheme. This initiative allocates 20% of royalties from users who do not submit usage data, aiming to enhance transparency and ensure fair compensation for music creators.

Global Oil Prices Plunge Again as Ceasefire Eases Tensions

Global oil prices plummeted this week due to eased geopolitical tensions from the Iran-US ceasefire extension. According to Citigroup, markets are stabilising as investors reduce fears of supply disruptions, though persistent uncertainty remains. The bank also cautioned that sustained higher oil prices may fuel inflation, potentially forcing central banks to implement more hawkish monetary policies.

Time for China to Respond in Kind

Indonesia's investment climate faces challenges as Chinese businesses raise concerns over regulatory hurdles, yet bilateral trade and investment remain robust with China as Indonesia's top trading partner. Despite issues like strict regulations and bureaucratic obstacles, cooperation through forums and alumni networks continues to drive technology transfer and economic growth, underscoring the need for mutual understanding and practical collaboration.

Lenteng Agung Sinkhole: Rapid Water Flow Complicates Repair Efforts

Repair work continues for a sinkhole in South Jakarta's Lenteng Agung, where strong underground water flow is hindering progress. Authorities aim to restore normal traffic flow within three days, with full repairs expected in two weeks. Night-time work is being prioritised to minimise traffic disruption.

Hanania Travel Controversy as Owner Named Suspect

Thousands of Indonesian pilgrims faced disappointment and legal action after Hanania Travel's umrah trips were repeatedly delayed in early 2026. Despite a mediation agreement with the Ministry of Hajj for staged refunds, the company failed to pay, prompting authorities to name its CEO a suspect. The case has raised concerns over accountability in Indonesia's religious tourism sector.

Adviser Mojtaba Khamanei Accuses Trump of Betraying Diplomacy Again

The United States has maintained its maritime blockade on Iranian ports despite President Trump's assertion of lifting it, according to Iran's Supreme Leader adviser Mohsen Rezaei. He accused Trump of betraying diplomatic efforts for the third time, citing continued blockades and excessive demands in negotiations. This follows failed talks in Islamabad after a brief ceasefire, highlighting ongoing tensions between the two nations.

Meikarta Project Revived as Lippo CEO Reveals Unexpected Details

The Indonesian government is accelerating the construction of Meikarta's subsidized housing for low-income earners, with construction progress on schedule and 1,836 piles installed out of 8,600. Lippo Group's CEO highlighted the project's economic impact, contributing 0.4% to 0.8% to GDP, and its role in supporting workers within Southeast Asia's largest industrial zone.

Election Law Revision May Become Government-Initiated Proposal

Indonesia's House of Representatives is considering transferring the Election Law revision to the government to prevent delays, given the lengthy parliamentary debates among multiple parties. With the 2029 election approaching, timely legislative action is critical to meet constitutional deadlines for electoral preparations starting mid-2027.

Gold prices for three brands at Pegadaian rise across the board this Sunday morning

Gold prices for three brands sold by state-owned Pegadaian rose uniformly this Sunday morning, with UBS, Antam, and Galeri24 reaching Rp2.85 million, Rp2.911 million, and Rp2.794 million per gram respectively. This follows Saturday's rates of Rp2.834 million, Rp2.885 million, and Rp2.772 million. Prices vary by quantity and remain subject to change.

BTN Provides Rp 1.5 Trillion Financing to Pindad for Maung MV3 Production

Bank Tabungan Negara (BTN) has allocated Rp1.5 trillion in financing to PT Pindad to support national defence projects, including the production of the Maung MV3 vehicle. The initiative aims to strengthen Indonesia's defence industry amid geopolitical uncertainties while creating economic benefits across steel, electronics, and manufacturing sectors, and generating thousands of jobs.

Rupiah Weakens, Deputy Minister Says It Boosts Indonesia's Tourism Appeal

Deputy Tourism Minister Ni Luh Puspa has stated that the rupiah's depreciation against the US dollar has enhanced Indonesia's appeal to tourists, encouraging longer stays. The ministry is ramping up promotional efforts and shifting focus to nearby markets to offset declines from geopolitical issues in the Middle East. Despite global challenges, tourism arrivals rose in the first quarter of 2026 compared to the same period in 2025.

Child Gut Microbiota Balance Supports Growth and Development

Proper gut microbiota balance in children is crucial for digestion, nutrient absorption, and overall development, with imbalances potentially affecting appetite and growth. Experts highlight the importance of early nutrition and introduce the 'Triple Signs' concept to assess digestive health. World Digestive Health Day 2026 emphasises addressing chronic digestive issues to prevent long-term complications.

The Chick Grip Analogy in Decentralisation Politics

The article uses the 'chick grip' analogy to illustrate the delicate balance required between central and local governance in Indonesia's decentralisation framework. It highlights how excessive central control stifles regional innovation, while too much autonomy leads to corruption and wasteful projects, stressing the need for a middle path to effective policy implementation.

Silver Price Forecast Sparks Concerns

Silver prices have entered a tight consolidation phase as US economic data and persistent inflation fuel expectations of prolonged high interest rates, increasing the opportunity cost for holding non-yielding assets. Technical analysis indicates resistance at $77.92 and support near $70, with potential downside risks if key levels are breached, reflecting broader market shifts away from safe-haven assets.

Controversy Over 'Pig Feast' Documentary Leads to Police Report

An indigenous leader from Papua has lodged a police complaint against the producer of the documentary 'Pig Feast' for allegedly misusing her personal data without consent. Mama Sinta expressed deep distress over the film's widespread screenings without her permission, demanding its immediate cessation. The case is being handled under Indonesia's Personal Data Protection Law.

Indonesian Hajj Pilgrims Begin Return to Indonesia Tomorrow

Indonesian Hajj pilgrims began returning to Indonesia on Monday following the completion of key rituals in Arafah, Muzdalifah, and Mina. The government and the DPR have ensured smooth transportation and optimal service quality until all pilgrims return home, with 137,565 relocated to Mecca hotels. Saudi authorities have implemented time slots for the stoning ritual and a tanazul scheme for around 20,000 pilgrims to ease congestion.

ASEAN set to sign landmark regional digital economy framework agreement in November 2026

ASEAN member states have finalised negotiations on the landmark Digital Economy Framework Agreement (DEFA), set for signing at the November 2026 ASEAN Summit. The pact will establish unified digital trade rules, enhance cross-border data flows, and bolster consumer protection and emerging tech sectors like AI and fintech across Southeast Asia, benefiting businesses and driving regional economic growth.

Strengthening Digital Ecosystem and Partnerships Key to Expanding Market Access

The Ministry of MSMEs Deputy Minister highlighted the need for digital ecosystem and business partnerships to scale up micro, small, and medium enterprises (MSMEs), which contribute significantly to the national economy. He cited government procurement opportunities worth Rp1.1 trillion with 40% allocated for MSMEs and new platforms like SAPA UMKM to integrate services. These initiatives aim to enhance competitiveness and support Indonesia's Golden Vision 2045.

Cabinet Secretary Teddy Meets Social Affairs Minister to Discuss Education Plan for 1,000 Underprivileged and Street Children

Indonesia's Cabinet Secretary and Social Affairs Minister have agreed to launch the People's School initiative in July 2026, aiming to provide education, accommodation, healthcare, and decent living for over 45,000 disadvantaged children, including dropouts and those without formal schooling. The plan specifically targets 1,000 underprivileged and street children, aligning with President Prabowo's vision for equal educational opportunities to secure better futures for all Indonesian youth.

Bahlil Curious About Creator of 'My Little Bolu Ketan' Song, Wants to Invite Them for a Meal

Energy Minister Bahlil Lahadalia has expressed curiosity about the creator of the viral AI-generated song 'My Little Bolu Ketan' and offered to meet them for a meal. The song, which uses netizen comments compiled via AI, has sparked widespread social media attention and prompted discussions on responsible content creation for public figures. Bahlil emphasised that creativity should be respected within appropriate boundaries, particularly avoiding SARA-related content.

Clarity in South Jakarta hotel room death case

A 20-year-old woman was found dead in a South Jakarta hotel room with head injuries, prompting a murder investigation. Police have arrested a suspect but are awaiting autopsy results to confirm the cause of death. The victim was discovered by hotel staff during a routine payment check when they found her unresponsive and face covered by a t-shirt.

Six Professions Once Known for High Salaries Now Hit by Mass Layoffs and Unemployment

Technological advancements and global economic shifts have disrupted traditional high-paying professions, particularly in the tech sector. Roles like software engineering and junior programming, once lucrative, now face increased layoffs and competition due to AI adoption and corporate restructuring, requiring workers to adapt with broader skills and AI proficiency.

Jakarta Announces Vehicle Tax Amnesty Scheme

The Jakarta Provincial Government has launched a tax amnesty scheme for motor vehicle owners with outstanding taxes, waiving late payment interest from 1 June to 31 August 2026. The initiative aims to boost tax compliance and modernise digital tax services, allowing residents to settle dues without penalties. The move coincides with Jakarta's 499th anniversary celebrations.

Indonesia's Economic Crisis: US President Urges Soeharto to Accept IMF Deal

In 1998, US President Bill Clinton pressured Indonesian President Soeharto to accept an IMF bailout package amid a severe economic crisis. The deal, later viewed as detrimental, contributed to Soeharto's downfall amid allegations that the US and IMF sought to remove him due to political and human rights concerns. His resignation in May 1998 ended the New Order regime after over three decades.

Trump doubts JD Vance's suitability as successor, report says

US President Donald Trump has expressed doubts over JD Vance's suitability as his potential successor, citing concerns over his competitive election record, holiday usage, and social media conduct. However, close allies of both men maintain Vance is the ideal candidate. The Republican Party must select a new presidential nominee ahead of the 2028 election, as Trump is constitutionally barred from a third term.

State Urged to Restore Civil Society Sovereignty

A conference at Gadjah Mada University called for restoring civil society's sovereignty and building a new republican structure to rebuild public trust. Leaders stressed civil society must collaborate with political, military, and police entities using evidence-based arguments, emphasising it is a collective movement beyond electoral politics.

Deputy Minister for Hajj and Umrah: Empty Tents, All Indonesian Hajj Pilgrims Have Left Mina

Deputy Minister for Hajj and Umrah Dahnil Anzar Simanjuntak confirmed all Indonesian Hajj pilgrims have departed Mina after completing rituals. He noted improvements in services but highlighted areas for evaluation, including tent management in Arafah and Mina, and Muzdalifah accommodation via the murur scheme.

Why Doesn't the Leaning Tower of Pisa Fall Despite Its Extreme Lean?

The Leaning Tower of Pisa has remained standing for centuries despite its pronounced lean, thanks to factors such as the centre of gravity remaining within the foundation and the soil's ability to absorb vibrations. This stability is due to Dynamic Soil-Structure Interaction (DSSI), where the structure's rigidity and the underlying soil work together to mitigate seismic forces.

Mosque caretaker reveals TIW deliberately chose mosque near Amien Rais' home for sacrificial cow

The Fatahillah Mosque caretaker revealed that a mysterious Jakarta-based donor, TIW, deliberately chose the mosque near former politician Amien Rais' residence for a sacrificial cow donation. TIW requested anonymity, stating they could not disclose their identity. Despite already having sufficient sacrificial animals, the mosque accepted the donation, with excess meat distributed to relatives in surrounding regions.

Serpong-Parung Toll Road Update: BSD to Bogor Journey a Stone's Throw Away

Indonesia's Ministry of Public Works is advancing the technical planning for the Serpong-Bogor Toll Road via Parung, a Rp12.35 trillion project under a Public-Private Partnership scheme. The 32-kilometre toll road aims to cut Bogor to Tangerang travel time to 45 minutes, stimulate new economic hubs, and enhance regional connectivity while reducing logistics costs and improving investment efficiency.

Rupiah Weakens as Singapore Dollar Demand Rises at Jakarta Money Changers

Amid the rupiah's depreciation, demand for Singapore dollars has surged among Indonesian money changers as a store of value and for travel purposes. The currency's rise in popularity coincides with school holidays and increased travel to Singapore, with Thai baht and Malaysian ringgit also seeing higher demand for tourism. This trend highlights shifting currency preferences amid economic uncertainty and seasonal mobility.

Bekasi Car Free Day Cancelled This Sunday for Waisak Holiday

Bekasi’s Car Free Day (CFD) has been cancelled this Sunday (31 May 2026) to align with Waisak Day celebrations. The Bekasi City Transport Department announced the move, urging residents to respect the religious observance and maintain public order. Alternative exercise facilities are available, with traffic expected to normalise around the usual CFD location.

Bogor Car-Free Day Schedule and Locations This Sunday

Bogor Regency will host its regular Car-Free Day this Sunday, closing Jalan Tegar Beriman from 6am to 9am to allow residents to exercise in a pollution-free environment. Traffic management measures, including rerouting and designated parking areas, aim to prevent congestion. The initiative continues to provide a popular weekend public space for families.

Two Main Illegal Hajj Schemes Uncovered by Soekarno-Hatta Airport Immigration

Soekarno-Hatta Airport Immigration has exposed two primary illegal Hajj schemes, involving the misuse of tourist visas via Southeast Asian transit points and fraudulent work visas. Authorities attribute the detection of these schemes to inter-agency collaboration between Indonesia's Ministry of Religious Affairs, Hajj and Umrah Ministry, and police, using passenger profiling systems to analyse data prior to check-in.

Tracking Down the 'Actors' Behind Palm Oil Export Data Manipulation

Indonesian law enforcement is investigating suspected under-invoicing in palm oil exports, which could cause revenue losses for the government. Police have conducted raids, seized documents and computers, while Finance Minister Purbaya Yudhi Sadewa revealed data on 10 major crude palm oil companies under scrutiny, with the case now in the investigation phase.

Caution: US-Iran Tensions Could Escalate as Trump Aides Send Signal

Tensions between the US and Iran persist as Pentagon chief Pete Hegseth confirms heightened military readiness and accelerated defence production to support potential operations. Despite ongoing diplomatic talks, the US maintains its strategic focus on the Indo-Pacific while aiming to prevent Iran from acquiring nuclear weapons. A February conflict involving the US and Israel has resulted in thousands of deaths in Iran and Lebanon, alongside global economic strain from energy price surges following Iran's closure of the Strait of Hormuz.