Indonesian Political, Business & Finance News

Archive: 10 June 2026

Showing 801-850 of 1,647 articles

KPK Examines North Penajam Paser Regent and 22 Witnesses in Coal-Related Gratification Case

Indonesia's Corruption Eradication Commission (KPK) has questioned the Regent of North Penajam Paser and 22 other witnesses in connection with an alleged gratification case involving coal production in East Kalimantan. The investigation stems from the 2017 charges against former Kutai Kartanegara Regent Rita Widyasari and has since expanded to include three corporations as suspects. The case has seen the confiscation of significant assets, including luxury vehicles and watches.

Two TNI personnel dismissed after proven to have planned acid attack on Andrie

A military court has dishonourably discharged two Indonesian Navy personnel, Sergeant Edi Sudarko and First Lieutenant Budhi Hariyanto Widhi, for orchestrating an acid attack against KontraS deputy coordinator Andrie Yunus. The judge overruled the military prosecutor's recommendation, deeming their betrayal of the people's trust and provocation of the attack incompatible with military values. Both received prison sentences in addition to their dismissal.

China's Dream to Become King of the World's Cars, Japan Must be Wary

BYD's chairman has set an ambitious target to become the world's largest carmaker within five years, directly challenging Japan's Toyota. The Chinese electric vehicle giant is experiencing rapid export growth despite facing intense domestic competition and a sharp decline in its share price. This ambition underscores China's accelerating push to dominate the global automotive industry, particularly in the electric vehicle sector.

National Police Chief says new law eases force's role in government programmes

National Police Chief General Listyo Sigit Prabowo has welcomed the revised Police Law, stating it provides stronger legal legitimacy for the force to support strategic national policies. He highlighted the police's involvement in food security programmes, including converting idle land into maize barns and building nutritional service units. The revision adds a clause allowing the police to execute strategic national policies under the president's orders.

President Prabowo attends HIPMI XVII National Conference in Bandar Lampung

President Prabowo Subianto opened the 17th National Conference of the Indonesian Young Entrepreneurs Association (HIPMI) in Lampung, underscoring the government's focus on youth-led economic synergy. The event, themed 'Young Entrepreneur Synergy Building National Economic Strength', followed the President's earlier inauguration of a regional hospital in the province. Accompanied by Energy Minister and HIPMI Honorary Council Chair Bahlil Lahadalia, the President is expected to deliver a keynote address to the nation's emerging business leaders.

House Commission IX Denies Involvement in BGN Corruption, Calls It Hoax

House of Representatives Commission IX has forcefully denied allegations that its members are implicated in a corruption scandal at the National Nutrition Agency (BGN). The denial follows the circulation of a list of over 20 names on social media linked to irregularities in the free nutritious meal programme. Former BGN deputy head Sony Sonjaya has applied for justice collaborator status, claiming the list implicates multiple parties in the scheme.

GMF Aero Asia targets net profit of 34.47 million US dollars for 2026

PT Garuda Maintenance Facility Aero Asia Tbk (GMFI) has set ambitious financial targets for 2026, aiming for a net profit of 34.47 million US dollars on projected revenues of 542.79 million US dollars. The state-owned aircraft maintenance provider plans to achieve this through expanding its international market presence, diversifying into non-commercial aviation and aerostructures, and collaborating with government bodies on strategic projects. The targets follow a strong first quarter in 2026, where revenue rose over 20 per cent year-on-year.

Fuel Price Hike May Trigger Inflation Surge in North Sumatra

The increase in Pertamax fuel prices, effective from 10 June, could push North Sumatra's inflation rate up by 0.31 per cent as higher private transport costs feed into production expenses. Economist Gunawan Benjamin warns the nearly Rp4,000 per litre rise will heavily pressure regional inflation, particularly in the transport sector, and may also prompt a shift of consumers towards subsidised Pertalite fuel despite tighter purchasing restrictions.

Hundreds in Karawang Demand Permanent Closure of Nightclub Used for Gay Party

Hundreds of residents and Islamic organisations in Karawang, West Java, have protested to demand the permanent closure of a nightlife venue following the circulation of a video showing a gay party. The demonstrators also urged police to fully investigate the event and called for local regulations explicitly prohibiting LGBT activities. The local government has accepted the demands and stated it is preparing long-term educational measures to prevent what it termed deviant behaviour.

Fate of 21,801 BGN Motorcycles Ordered Under Dadan Hindayana's Era

The fate of 21,801 electric motorcycles procured by the National Nutrition Agency (BGN) under former head Dadan Hindayana remains uncertain following his dismissal over alleged corruption. Presidential Chief of Staff Dudung Abdurachman stated that the motorcycles, costing Rp 1.03 trillion, have already been paid for and must remain as state assets. The Attorney General's Office and the Audit Board (BPK) have identified an alleged markup of between Rp 200 billion and Rp 400 billion in the procurement.

UBSI Lecturers Win 2026 Kemdiktisaintek Grant to Boost Digital Financial Literacy for SALIMAH Members

Lecturers from Universitas Bina Sarana Informatika (UBSI) have secured government funding to enhance the financial management capacity of a women's organisation in Bogor. The programme involves training members of SALIMAH to use Google Sheets for transparent and efficient digital bookkeeping. The initiative supports family resilience by integrating technology into administrative and economic activities.

Dozens of Streetlights in South Jakarta Stolen, Perpetrators Used Surrounding Trees

Twenty-five streetlights on Jalan Teuku Nyak Arief in Kebayoran Lama, South Jakarta, have been vandalised, leaving the road in darkness. The South Jakarta Bina Marga Agency suspects the perpetrators climbed nearby trees to steal the cables. Authorities are coordinating with the forestry agency and Transjakarta to prune the trees, while urging the public to report any damage to public facilities.

The Fed's New Boss Dilemma: Pleasing Trump or Safeguarding the US Economy?

The new Federal Reserve chair faces a growing dilemma as persistent US economic strength and sticky inflation undermine the case for interest rate cuts. Robust job growth and above-target price rises are clashing with market expectations and political pressure for cheaper borrowing costs. The central bank's mandate for price stability is increasingly at odds with investor desires, delaying the anticipated monetary easing.

Pertamina Had No Choice But to Raise Pertamax Prices, Says Expert

A senior oil and gas practitioner argues that state energy firm Pertamina had no alternative but to increase the price of its Pertamax fuel amid surging global crude prices and a weakening rupiah. The adjustment, which saw prices rise by nearly a third, reflects mounting cost pressures on the company, which had been absorbing significant losses to keep the non-subsidised fuel affordable. Calls have also been made for stricter enforcement on subsidised fuel distribution to prevent migration of consumers and ensure subsidies remain targeted.

KF-21 jet prototype ready for delivery to Indonesia: envoy

Indonesia is set to receive one of the six KF-21 Boramae fighter jet prototypes from South Korea, marking a significant milestone in their joint defence development programme. The handover, which includes a verification test package valued at 600 billion won, will bolster technology transfer and human resource development in Indonesia's defence industry. The deepening strategic partnership underscores Indonesia's role as a key South Korean defence customer since 1979.

Traders in Kupang Manipulate Minyakita Prices, Reaching Rp18,000 per Litre

Traders at Naikoten 1 Market in Kupang are selling the subsidised cooking oil Minyakita above the official price ceiling, with prices varying from Rp16,000 to Rp18,000 per litre. Vendors cite a lack of small change or the need to cover packaging and transport costs after buying from intermediaries due to empty Bulog stocks. Residents are urging the local government to enforce the price ceiling to protect household budgets.

60,000 Indonesian Hajj Pilgrims Returned, Final Batch to Arrive in Early July

Indonesian Minister of Hajj and Umrah, Gus Irfan, confirmed that around 60,000 pilgrims, representing 30 per cent of the total, have safely returned to Indonesia across 156 flight groups. While some flights experienced technical diversions via Oman, he assured there were no security issues related to the Middle East situation. The final batch of pilgrims is scheduled to land on 1 July.

Pertamax Price Hike Makes User Shift to Pertalite Unavoidable, Economists Warn

The sharp increase in Pertamax fuel prices is expected to drive a significant shift in consumption towards the subsidised Pertalite, widening the subsidy burden on the state budget. Economists warn that the move will pressure the purchasing power of the middle class and vulnerable groups, while reflecting the government's increasingly constrained fiscal space. Pertamina has raised Pertamax prices to Rp16,250 per litre while keeping Pertalite unchanged at Rp10,000.

List of Ministries and Agencies Open to Police Postings, from LPSK to BNN

Indonesia's parliament has ratified a revised Police Law permitting active officers to fill civilian posts in certain ministries and agencies. The new regulation, detailed in Article 28A, restricts such appointments to positions aligned with policing functions, including security maintenance, protection, and law enforcement. Institutions cited as eligible include the Ministry of Law, the National Narcotics Agency (BNN), and the Witness and Victim Protection Agency (LPSK), with stricter rules applied for postings outside these bodies.

MSMEs Minister Calls for Fairness Towards Micro and Small Enterprises on Marketplaces

Micro, Small, and Medium Enterprises Minister Maman Abdurrahman has urged digital marketplaces to treat micro and small businesses fairly, arguing they cannot be equated with larger enterprises. The minister is preparing new regulations to protect MSMEs on digital platforms, including a proposed 50 per cent service fee discount for micro and small players. The move responds to complaints that rising administrative and promotional fees on marketplaces are increasingly burdening small businesses.

BNPB: 1,160 Sangihe Islands Residents Affected by Earthquake, Still Displaced

Indonesia's National Disaster Management Agency (BNPB) has recorded that 1,160 residents have been affected by a significant earthquake in the Sangihe Islands Regency, North Sulawesi. While some of those initially displaced have returned home, aftershocks continue across the affected area. Infrastructure assessments detail dozens of damaged houses, churches, and schools across the regency.

Sony Sonjaya Names Over 20 Individuals in MBG Corruption Case; AGO Reviews Justice Collaborator Request

Former Deputy Head of the National Nutrition Agency (BGN), Sony Sonjaya, has submitted over 20 names allegedly linked to corruption in the free nutritious meal programme (MBG) as part of his bid to become a Justice Collaborator. The Attorney General's Office (AGO) has confirmed receipt of his application and is currently verifying his information against existing evidence. The decision on his status hinges on the perceived value of his cooperation in uncovering the larger network behind the graft scandal.

DEN Member Says Pertamax Price Hike Aimed at Reducing Fiscal Burden

A member of Indonesia's National Energy Council has stated that the recent increase in non-subsidised fuel prices, such as Pertamax, was necessary to alleviate the state's fiscal burden. The government had been absorbing the price difference since March 2026 due to global oil price spikes caused by geopolitical conflict. While non-subsidised fuel prices are now allowed to follow market fluctuations, the government is maintaining prices for subsidised fuels like Pertalite.

JK: Strengthen Science, Technology, and Young Entrepreneurs to Face Global Uncertainty

Former Indonesian Vice President Jusuf Kalla has urged the nation to bolster science, technology, and youth entrepreneurship to navigate increasing global uncertainty. He highlighted the shifting nature of modern warfare towards technology and cited the need for universities to drive innovation. Kalla also stressed the importance of a mindset shift among students towards job creation rather than job seeking to boost national productivity and per capita income.

Indonesian Victims of Cyber Scams in Cambodia Stranded in Phnom Penh Park

Indonesian nationals who escaped cyber scam compounds in Cambodia are living in makeshift tents opposite the Indonesian Embassy in Phnom Penh, awaiting repatriation. The Indonesian Embassy has recorded a historic surge in cases, with 10,151 citizens reporting for repatriation between January and May 2026. Victims recounted being tortured, starved, and sold between scam operations after being lured by false job offers on social media.

Two Prabowo Ministers Unveil Strategy to Elevate MSMEs, Here's How

Two ministers in President Prabowo Subianto's cabinet have launched the 2026 'Bursa Wirausaha Unggulan' (Leading Entrepreneur Exchange) to boost Indonesia's entrepreneurial ratio. The initiative aims to foster collaboration across the MSME ecosystem, from upstream development to downstream market access, targeting the creation of 10 million new entrepreneurs by 2029. Coordinating Minister Muhaimin Iskandar also highlighted a new single-window export policy to support downstreaming and ensure equitable economic growth.

Prabowo Vows Cheapest Possible Medicines for the People

President Prabowo Subianto has pledged to provide the most affordable medicines possible as part of a nationwide healthcare overhaul. Speaking at the inauguration of a new regional hospital in Lampung, he stressed the need for clean governance and zero corruption in public health services. The government is also pursuing an ambitious modernisation programme targeting hundreds of hospitals and thousands of community health centres.

Netflix Leverages AI to Enhance Services and Support Creators

Netflix is expanding its use of generative artificial intelligence to improve user personalisation and content discovery, according to executives. The streaming giant also views AI as a tool to support creators across production, localisation, and promotion, recently acquiring Ben Affleck's film technology firm InterPositive. The company reported that AI-driven catalogue comprehension has already boosted user engagement and product usage.

Bahlil: President Orders No Increase in Subsidised LPG and Fuel

Energy and Mineral Resources Minister Bahlil Lahadalia has confirmed that there will be no increase in the price of subsidised fuel and LPG, citing a direct order from President Prabowo Subianto. The announcement was made during the opening of the Indonesian Young Entrepreneurs Association national conference, which the President also attended. The assurance comes despite recent price hikes for non-subsidised fuels like Pertamax and Pertamax Green 95.

DPR and Government Formulate Stimulus to Cushion Inflationary Impact of Pertamax Price Rise

The Indonesian House of Representatives (DPR) and the government are devising a stimulus package to mitigate the inflationary pressure following a sharp increase in Pertamax fuel prices. Commission XI Chair Mukhamad Misbakhun confirmed the discussions, noting the potential for consumer migration to subsidised Pertalite. The calculations are ongoing to determine the specific incentives needed to support affected households and sectors.

Bekasi Regency's 'People's School' Ready to Accommodate 270 Students in First Academic Year

The 'Sekolah Rakyat' programme in Bekasi Regency, West Java, is scheduled to commence its first academic year at the end of June 2026, opening 270 places for new students from poor and extremely poor families. The permanent school, located in Sukamahi Village, will operate nine classes across elementary, junior high, and senior high levels, and will also absorb 44 students from a pilot programme in Bekasi City. Officials confirmed the initiative is a central and regional government commitment to expanding educational access and preventing economically disadvantaged children from dropping out of school.

Child Killed by Hunting Dogs in Bogor, District Head Proposes Hunting Regulations

A nine-year-old boy has died after being attacked by four wild boar hunting dogs in Jasinga, Bogor, prompting local authorities to propose district-level hunting regulations. The victim was reportedly fishing for eels when the unattended dogs chased and attacked him. The local district head is preparing a formal proposal for a regional regulation or regent decree to govern hunting activities in forest areas.

From AI to Machine Learning: UBSI Sukabumi Students Visit BRIN for Study Tour

Students from UBSI Sukabumi's Information Systems programme visited the National Research and Innovation Agency (BRIN) in Bandung to gain practical insights into artificial intelligence and data management. The study tour showcased real-world research applications, including precision agriculture using machine learning and AI-based disease detection systems. The visit underscored the importance of data quality in research and aimed to bridge the gap between academic theory and industry practice.

EU proposes 21st sanctions package against Russia

The European Commission has proposed its 21st package of sanctions against Russia, targeting energy, financial services, trade, and fisheries for the first time. The measures include suspending the oil price cap adjustment mechanism, expanding banking restrictions, and banning imports of certain fish products. The proposal requires unanimous approval from all EU member states before it can be formally implemented.

Jakarta Military and Police Chiefs Meet Residents to Hear Concerns

Jakarta's military commander and police chief conducted a walkabout in the densely populated Krukut area to engage directly with residents. The 'Jaga Jakarta On The Spot' programme aims to gather feedback on security issues and public infrastructure complaints. The visit also included the distribution of basic food packages and the reinforcement of a community declaration supporting public order.

Army Chief Denies TNI Evicted Primary School in NTT for Kopdes Merah Putih Construction: 'Impossible!'

Indonesian Army Chief of Staff General Maruli Simanjuntak has categorically denied allegations that soldiers evicted a primary school in Ende, East Nusa Tenggara, to make way for a Kopdes Merah Putih village cooperative project. The General deemed it impossible for a registered school to be closed down and warned such actions could lead to legal consequences. Regional military command Kodam Udayana also refuted claims of intimidation or forced eviction, describing the circulating information as inconsistent with facts on the ground.

PLN Jakarta Marks City’s Anniversary with 50% Discount on Power Upgrades

State electricity firm PLN is offering a 50 per cent discount on power capacity upgrades for Jakarta households to mark the capital's 499th anniversary. The promotion, running from 10 to 23 June 2026, applies to low-voltage customers upgrading up to 7,700 VA via the PLN Mobile app. Customers must settle all outstanding bills before they can access the discount.

Historical Facts: GP Ansor in Bali Existed Before Indonesia's Independence

Gerakan Pemuda Ansor has deep historical roots in Bali, with its parent organisation Nahdlatul Ulama established there as early as 1934. The youth wing played a crucial role during the independence revolution and the turbulent period of 1965-1966. In the post-Bali bombing era, GP Ansor has actively worked to rebuild interfaith harmony and counter religious radicalism on the island.

Govt Inaugurates SDN Cimahpar 5 Revitalisation, Prabowo Urges Mastery of Foreign Languages

The Coordinating Ministry for Human Development and Culture and the Ministry of Primary and Secondary Education inaugurated the revitalised SDN Cimahpar 5 school building in Bogor, West Java. The project was completed under a community-led self-management scheme costing Rp2.6 billion, expanding the school from one to two storeys. During the event, Minister Abdul Mu'ti relayed President Prabowo's message encouraging students to pursue high aspirations and master foreign languages to compete globally.

Six Western Nations Announce Coordinated Sanctions over West Bank Violence

The United Kingdom, France, Australia, New Zealand, Canada, and Norway have agreed on coordinated sanctions targeting Israeli settler violence against Palestinians in the occupied West Bank. The UK sanctions list six entities and one individual accused of funding or facilitating the violence, including asset freezes and travel bans. British Foreign Secretary Yvette Cooper stated that settlement expansion and violence are illegal and pose a fundamental threat to a two-state solution.

National Police Chief Grateful for Prabowo's Praise of Force's Nutrition Programme Quality

National Police Chief General Listyo Sigit Prabowo expressed gratitude after the force's Nutrition Programme Service Unit (SPPG) received praise from President Prabowo Subianto and the Rockefeller Foundation. He stated that the unit's high-quality management of the Free Nutritious Meals programme had helped counter criticism of wastefulness. Sigit also highlighted the police's role in supporting food self-sufficiency by assisting farmers rather than engaging in manual labour.

Rupiah Closes Strong, US Dollar Rate Now at Rp17,950

The Indonesian rupiah appreciated by 0.55% to close at Rp17,950 against the US dollar on Wednesday, recovering from the psychological threshold of Rp18,000 breached earlier this month. The strengthening was primarily driven by Bank Indonesia's surprise 25 basis point rate hike to 5.50% aimed at stabilising the currency amid global turmoil. External factors, including a weakening US dollar following signals of a potential US-Iran deal, also supported the rupiah's gains.

Government and Parliament Study Stimulus to Mitigate Impact of Pertamax Price Hike

The Indonesian government and the House of Representatives (DPR) are calculating potential stimulus measures to cushion the impact of the recent Pertamax fuel price increase. While the Finance Minister assesses the inflationary effect as relatively limited, legislators are concerned about the domino effect on households that sit near the threshold between subsidised and non-subsidised fuel consumption. The evaluation aims to determine the precise form of assistance required by affected communities.

Bapanas Head Tightly Monitors Broiler Egg Reference Price to Safeguard Farmers

The National Food Agency (Bapanas) is rigorously enforcing the Farmgate Reference Purchase Price (HAP) for broiler eggs at Rp26,500 per kilogram to prevent domestic farmers from incurring losses. The government is collaborating with the Police Food Task Force and utilising the Free Nutritious Meals programme to absorb surplus production and stabilise the market. Authorities are also mapping surplus and deficit regions across Indonesia to better channel farmers' produce.

Akulaku Finance Secures Rp500 Billion from Danamon to Expand Financing Access

PT Akulaku Finance Indonesia has secured a Rp500 billion funding facility from PT Bank Danamon Indonesia to bolster its working capital and expand its digital financing services. The collaboration underscores the strengthening synergy between traditional banking and digital finance firms in Indonesia's growing digital economy. Akulaku Finance, a strategic partner of Danamon within the MUFG ecosystem, aims to use the funds to meet rising public demand for accessible and relevant financial solutions.

Danamon Provides Rp500 Billion Funding Facility to Akulaku

PT Akulaku Finance Indonesia has secured a Rp500 billion funding facility from PT Bank Danamon Indonesia to expand its digital lending capacity. The working capital facility aims to meet increasing public demand for digital financing and reflects a growing synergy between conventional banks and fintech companies within the MUFG ecosystem. Both institutions expect the collaboration to strengthen the national financial services industry and support more inclusive economic growth.

Here's Why Purbaya Is Confident Indonesia's Economy Can Grow 6.5% in 2027

Finance Minister Purbaya Yudhi Sadewa is targeting economic growth of up to 6.5% for Indonesia in 2027, setting a trajectory towards 8% by 2029. The strategy relies on accelerating high-value investment and a 'debottlenecking' approach to streamline licensing and strengthen legal certainty. Coordinated fiscal and monetary policies will also be deployed to maintain inflation and ensure market stability supports growth.

Industry Minister Requests Additional Rp202 Billion Budget for Factory Machinery Purchase Subsidies

Indonesia's Industry Minister, Agus Gumiwang Kartasasmita, has proposed an additional budget of Rp202 billion to fund a machinery restructuring programme in 2027. The initiative aims to boost industrial productivity by helping manufacturers replace outdated equipment, many of which are over 25 years old. The programme offers a 25% reimbursement for domestically produced machinery and 10% for imported units.

Dudung Denies Owning Free Meal Programme Kitchens, Challenges Accusers

Presidential Chief of Staff Dudung Abdurachman has forcefully denied allegations that he owns or controls any nutritional service units linked to the free nutritious meal programme. He revealed he merely introduced several Islamic boarding schools to former National Nutrition Agency head Dadan Hindayana, but the planned kitchens were never built due to administrative hurdles. Dudung challenged anyone to verify his claims, offering a reward if evidence of his ownership is found.

Minister Imipas reviews assimilation and education facilities at Warungkiara Prison

Immigration and Corrections Minister Agus Andrianto inspected agricultural, livestock, and fishery rehabilitation programmes at Warungkiara Prison in Sukabumi. The facility serves as a pilot for national food security initiatives, aiming to provide inmates with economic skills while contributing surplus to social assistance. The government hopes the programme will support social reintegration and build a positive image for the corrections system.