Indonesian Political, Business & Finance News

Archive: 10 June 2026

Showing 851-900 of 1,647 articles

KPK Seizes Documents and Cash in Raid on Deputy Minister's Office

Indonesia's Corruption Eradication Commission (KPK) has seized documents, electronic evidence, and tens of millions of rupiah from the office of the Deputy Minister of Immigration and Corrections. The raid forms part of an investigation into alleged corruption involving the processing of residence permits for foreign nationals. The case has already seen 17 arrests and the deputy minister himself surrendering to authorities.

Bitmine Immersion Announces ETH Holdings Reach 5.54 Million Tokens, Total Crypto and Cash Holdings at $9.6 Billion

Bitmine Immersion Technologies has reported total crypto and cash holdings of $9.6 billion, including 5.54 million ETH tokens representing 4.59% of Ethereum's total supply. The firm is accelerating its accumulation strategy, acquiring over 126,000 ETH in the past week, as Chairman Thomas Lee argues the asset's price setback does not reflect its strengthening fundamentals. The company's newly launched institutional staking platform, MAVAN, already holds $7.7 billion in staked ETH, projecting annual staking revenues of approximately $230 million.

Vice Minister Ribka Declares Education Key to Boosting Indonesia's Human Resources Quality

Vice Minister of Home Affairs Ribka Haluk has asserted that education is the primary driver for enhancing the quality of Indonesia's human resources, arguing that large-scale infrastructure development is ineffective without accompanying human capital improvements. Speaking at the GenIUs Expo 2026 in Tangerang, she praised the school's role in preparing competitive youth, particularly from Papua, in alignment with the Indonesia Emas 2045 vision. Ribka urged regional leaders to continue supporting educational access for Papuan children to achieve significant long-term societal change.

Jakpro Partners with Feel Good Network to Optimise JIS Commercial Potential

PT Jakarta Propertindo (Jakpro) has appointed Feel Good Network to manage the naming rights for Jakarta International Stadium (JIS), aiming to maximise its commercial value. The partnership involves developing marketing strategies, managing tenders, and securing a long-term sponsor to strengthen the venue's brand and global reputation. The initiative is part of a broader effort by the DKI Jakarta Provincial Government to innovate asset financing and position the capital as a competitive global city.

Secret Chinese-Made Tracking Device Discovered in UK Prime Minister's Car

A secret tracking device manufactured in China was found in an official vehicle used by the British Prime Minister in 2022, according to testimony given to MPs. The device, reportedly embedded in a sealed imported component, transmitted data back to China via a cellular module. The revelation reignites concerns over aggressive espionage by Beijing against Conservative government ministers.

Saudi Arabia Launches New National Airline, Riyadh Air

Saudi Arabia has launched its second national carrier, Riyadh Air, with the inaugural flight departing for London. The state-owned airline is a key part of the kingdom's strategy to reduce its economic dependence on oil and transform Riyadh into a global hub to rival Dubai. The launch was delayed by over a year due to Boeing delivery problems and regional conflict.

4 Types of Birth Certificates and Their Designations

The Directorate General of Population and Civil Registration has clarified the four categories of birth certificates issued in Indonesia, based on parental marital status and the circumstances of a child's birth. This classification ensures legal recognition for all citizens, including children of unregistered marriages and foundlings. The types range from certificates for children of legally married couples to special documents for abandoned children.

OJK: IHSG at attractive level, supported by low valuation and issuer performance

Indonesia's Financial Services Authority (OJK) considers the current Indonesia Stock Exchange (IDX) Composite index level attractive, underpinned by low valuation and improving corporate performance. The regulator also highlighted the growing domestic retail investor base and the market's positive response to recent reforms. OJK reaffirmed its commitment to maintaining financial sector stability and deepening market development.

Forestry Ministry Evaluates Business Permit Compliance, Prioritises Land and Water Conservation

Indonesia's Ministry of Forestry is intensifying evaluations of corporate permit compliance to strengthen law enforcement and prioritise land and water conservation to prevent environmental damage. The ministry, in collaboration with UNDP, has launched the 'Leverage' project to reinforce the legal system against forestry crimes, including protected wildlife trade. Officials stressed the need for an integrated multi-agency approach, combining administrative, civil, and criminal instruments to close operational gaps used by perpetrators.

President Prabowo Vows Zero Tolerance for Corruption in Healthcare Sector

President Prabowo Subianto has issued a stern warning against any misappropriation or corruption within Indonesia's healthcare services. Speaking at the inauguration of a new regional public hospital in Lampung, he stressed that public funds must deliver tangible benefits to citizens. The government plans to implement strict oversight to ensure transparency and professional governance in all regional medical facilities.

Ministry of Higher Education Revokes Sanctions Against Stikom Bandung

The Ministry of Higher Education, Science, and Technology has officially lifted administrative sanctions imposed on the Bandung College of Communication (Stikom Bandung). The decision follows a verification process confirming the institution's compliance with regulatory improvements. Stikom Bandung's leadership welcomed the move, pledging to strengthen academic quality and student services.

Purbaya Confident Rupiah Will Strengthen Again in Second Half of 2026, Here Are the Indicators

Finance Minister Purbaya Yudhi Sadewa expressed confidence that pressure on the rupiah exchange rate will soon ease, with a gradual strengthening expected in the second half of 2026. He cited improving investor confidence, significant net foreign inflows into government bonds and Bank Indonesia rupiah securities, and new policies on export proceeds governance. The minister believes stronger fiscal and monetary synergy will help stabilise the currency despite current global headwinds.

Bahlil Seeks Permission to Call Prabowo 'Kakanda' to Accelerate Processing

Energy Minister Bahlil Lahadalia jokingly requested President Prabowo Subianto's permission to address him as 'kakanda', a term of familiar endearment, during a HIPMI congress in Lampung. The minister suggested that a more informal relationship would help the young entrepreneurs' agenda to be 'processed more quickly' by the government. The request, framed as an aspiration of the organisation, was met with cheers from the attending members.

Minister Purbaya: Impact of Pertamax Price Hike on Inflation Minimal

Finance Minister Purbaya Yudhi Sadewa has assessed that the impact of the recent Pertamax fuel price increase on inflation will be relatively limited, as the fuel is not used for freight or public transport. Pertamina Patra Niaga raised the price of non-subsidised Pertamax (RON 92) to Rp 16,250 per litre and Pertamax Green 95 to Rp 17,000 per litre effective 10 June 2026. The minister deferred questions on subsidised fuel quotas to the Energy and Mineral Resources Minister.

MAXHUB Transforms from Participant to Leader, Proposes Two New IEC International Standards

MAXHUB has successfully submitted two new international standard proposals to the IEC, marking its transition from a participant to a driver in global audio-visual standards development. The proposals focus on AI-mediated visual interaction quality for conferencing and a unified framework for education and training equipment. The initiatives, led by MAXHUB's technical experts, aim to set global benchmarks for intelligent conferencing and smart education.

Avanza and Xenia Owners Face Full Tank Costs of Rp700,000 After Fuel Price Hike

Owners of popular Indonesian cars like the Toyota Avanza and Daihatsu Xenia must pay nearly Rp700,000 for a full tank of Pertamax following Pertamina's non-subsidised fuel price increase on 10 June 2026. The price of Pertamax (RON 92) rose from Rp12,300 to Rp16,250 per litre, significantly raising operational costs for petrol vehicle users. Pertamina stated the adjustment follows government coordination and global oil price evaluations to maintain energy supply sustainability.

Govt pursues stronger economy through pro-growth, pro-welfare strategy

The Indonesian government has outlined a pro-growth, pro-welfare fiscal strategy aiming for economic expansion of 5.8 to 6.5 percent in 2027, targeting 8 percent by 2029. Minister Sadewa highlighted plans to boost investment, streamline regulations, and maintain a prudent state budget to support this trajectory. The approach is backed by solid first-quarter 2026 fundamentals, including 5.61 percent growth and manageable inflation.

Investors Fume as SPPG Kitchens Remain Idle Despite Construction; Palace Says BGN Undertaking Total Overhaul

The Indonesian government has acknowledged that the National Nutrition Agency (BGN) is conducting a comprehensive evaluation of the Free Nutritious Meals programme after investors protested that meal service units built at billion-rupiah expense have yet to begin operations. Newly appointed BGN head Nanik S Deyang is prioritising a complete reform of governance and allocation, while investors who funded kitchens in remote regions demand clarity on their stalled projects. President Prabowo's office admitted the review is complex given the capital already sunk by partners.

Government Accelerates Integrated Bioethanol Industry Development in Lampung

The Indonesian government is accelerating the development of an integrated bioethanol industry in Lampung Province to strengthen national energy security, citing its strong raw material base and strategic location. The initiative involves a pilot project with PT Pertamina NRE, Toyota, and local farmers, starting with 10 hectares of sorghum cultivation. Commercial operations for a 60,000 KL per year plant are targeted for the fourth quarter of 2028.

Yogyakarta Fresh Graduates Express Frustration as Job Fair Employers Prioritise Experience

Fresh graduates attending a job fair at Yogyakarta State University have voiced concerns that employers are still prioritising work experience over potential. While valuing the direct interaction offered by offline recruitment events, attendees called on companies to focus more on skills and experience rather than the prestige of an applicant's university.

Tsingshan Group Champions Green and Sustainable Nickel Development at Indonesia Critical Minerals 2026

Tsingshan Holding Group is promoting the development of a green and sustainable nickel supply chain through collaboration with stakeholders at the Indonesia Critical Minerals Conference and Expo (ICM) 2026. The initiative aligns with global demand for responsibly produced critical minerals to support the energy transition and low-carbon development. The company is committing to transforming its industrial parks in Weda Bay and Morowali towards more responsible and efficient systems, in partnership with the Indonesian government and international organisations.

Bantul's Segregated Waste Collection at 90 Percent, Running Smoothly: Official

The Bantul Environmental Agency reports that over 90 percent of its waste collection programme is progressing smoothly, with customers now disciplined in separating organic and inorganic refuse. The initiative, involving 38 trucks and 114 sanitation workers servicing 320 collection points, has been active since 4 May 2026, with specific schedules for different waste types. Officials noted that segregation in public spaces remains a challenge, reaching only about 65 percent, while organic waste is processed into free fertiliser for communities and schools.

Minister Imipas Hands Over House Renovation Aid, 24 Units Constructed

Minister of Immigration and Corrections Agus Andrianto has handed over social aid for house renovations in Sukabumi, West Java. The programme, funded by proceeds from a harvest at Cirebon Prison, has so far completed 24 units across multiple regions. The ministry also plans to build affordable housing for its employees in cooperation with Bank Rakyat Indonesia.

Repair of vandalised streetlights in South Jakarta targeted for completion this week

The South Jakarta Bina Marga Sub-agency is racing to repair 25 streetlights along Teuku Nyak Arief Road in Kebayoran Lama, which were damaged by vandalism. The cable theft has left the road in darkness, and crews are facing logistical challenges including tree pruning and busway lane access. Officials aim to restore full lighting this week to ensure road user safety and comfort.

Riau Police Chief Welcomes Birth of Baby Elephant in Tesso Nilo: New Hope for Conservation

A female Sumatran elephant calf has been born in the Tesso Nilo National Park conservation area in Pelalawan Regency, Riau Province. The birth was warmly welcomed by Riau Police Chief Inspector General Herry Heryawan, who described it as a moral message amidst the complex challenges facing wildlife. The event reinforces the Riau Police's commitment to supporting conservation and biodiversity protection through its Green Policing initiative.

Army Chief dismisses narrative of TNI demolishing primary school for 'Red and White Village Cooperative' construction

Army Chief of Staff General Maruli Simanjuntak has denied social media claims that soldiers demolished a primary school in Ende, East Nusa Tenggara, to build a village cooperative. He described the narrative as extreme and false, stating that the school was already registered and would not be abolished. The TNI clarified the viral video actually showed efforts to widen an access road for heavy equipment behind the school, undertaken with local government approval.

Prabowo Prepares Affordable Generic Medicines for the Public

President Prabowo Subianto has announced a government initiative to provide low-cost generic medicines to Indonesians, aiming to begin distribution within a year. This forms part of a broader modernisation of national healthcare, which includes upgrading hospitals and health centres across the archipelago. The President also stressed that corrupt practices in public service delivery will not be tolerated.

Prabowo Targets Affordable Generic Medicines Within a Year

President Prabowo Subianto has announced a target to begin providing affordable generic medicines to the public within the next year as part of broader healthcare reforms. The initiative coincides with the ongoing distribution of nearly 1,000 modern medical devices to regional hospitals across 514 districts and cities. The government is also advancing hospital infrastructure projects, including a newly completed central hospital in Jayapura, Papua.

The World Has Changed Completely, Signs Accelerate on University Campuses

Universities across the United States are rapidly launching dedicated artificial intelligence (AI) degree programmes to keep students competitive in a transforming global economy. The number of AI majors has surged from just five in 2021 to at least 74, with many more on the way. Academics acknowledge a potential bubble but stress that understanding AI is essential for future employment.

BI Remains Optimistic About Indonesia's Economy Growing at Upper Limit of 5.9 Percent in 2027

Bank Indonesia projects the nation's economic growth could reach the upper bound of its 5.1–5.9 per cent forecast range in 2027, buoyed by strong domestic demand and recovering global conditions. Governor Perry Warjiyo outlined three pillars of optimism: prudent fiscal policy, well-orchestrated national priority programmes including downstreaming, and enhanced coordination between the central bank and government. The central bank has also prepared a series of macroprudential and payment system measures, such as liquidity incentives and digitalisation, to further bolster lending and economic activity.

Hendrik Irawan Apologises After Dance at Prabowo Event Goes Viral Again

Nutrition programme operator Hendrik Irawan has apologised after footage of him dancing at a presidential event resurfaced and caused an uproar. He claimed his actions were misconstrued by irresponsible parties and were not intended to demean anyone. Irawan also personally apologised to the new head of the National Nutrition Agency amid the renewed controversy.

Aftech Reveals Causes of Alleged Corruption and Money Laundering in P2P Lending

The Indonesian Fintech Association (Aftech) has attributed recent corruption and money laundering cases in licensed peer-to-peer lending platforms to weak corporate governance. The misuse of lender funds, duplicated invoice collateral, and a failure of startups to adopt proper financial institution standards were identified as key issues. The industry body advocates for stricter governance and risk management rather than a reduction in the number of lending platforms.

Ministry of Forestry announces birth of baby elephant in Tesso Nilo National Park

The Ministry of Forestry has announced the birth of a female Sumatran elephant calf in Tesso Nilo National Park, Riau. The healthy calf is the fifth born to mother Ria and represents a significant success for conservation efforts. The birth reinforces the park's role as a critical habitat contributing to the recovery of the critically endangered Sumatran elephant population.

Prabowo targets building and renovating 300–400 hospitals in three years

President Prabowo Subianto has announced a major infrastructure drive to build or renovate up to 400 hospitals across all Indonesian districts within three years. The programme aims to strengthen the national healthcare system and reduce regional disparities in access. The initiative, coordinated with the Health Ministry, also includes modernising roughly 10,000 community health centres.

Hipmi National Conference Opens in Lampung, Four Chairman Candidates Present

The 18th National Conference of the Indonesian Young Entrepreneurs Association (Hipmi) has officially opened in Lampung, inaugurated by President Prabowo Subianto. The gathering will determine new leadership for the 2026–2030 term, succeeding Akbar Himawan Buchari, with four candidates vying for the chairmanship. Over 2,000 participants, including cabinet ministers and former Hipmi leaders, are attending the two-day event focused on young entrepreneurs' synergy in building national economic strength.

PKK Chairperson Urges Cadres to Understand Financial Literacy in the Family

The chairperson of the Family Welfare Empowerment Team (TP PKK), Tri Tito Karnavian, has called on cadres to champion financial literacy at the household level to strengthen family economic resilience. Speaking at a Financial Services Authority (OJK) event, she emphasised the need to protect communities from illegal online loans and fraudulent investments. Tri also expressed hope for a formal agreement with the OJK to expand financial education for women across Indonesia.

Purbaya Reveals 9 Strategies to Face Global Uncertainty

Finance Minister Purbaya Yudhi Sadewa has unveiled nine strategic fiscal policies designed to mitigate global economic volatility and sustain domestic growth. The measures range from stabilising subsidised fuel and food prices to refocusing government spending and strengthening fiscal-monetary synergy. The government aims to anchor market confidence and ensure macroeconomic stability through these interventions.

Behind the Withdrawal of New Students from a Private University in Jogja Despite Having Paid Registration

Universitas Ahmad Dahlan (UAD) in Yogyakarta reports losing around 15 percent of newly registered students who withdraw after gaining admission to state universities. The rector attributes the decline to aggressive recruitment and extended autonomous admission tracks by financially autonomous state universities (PTN-BH). He urges the government to restrict or abolish such tracks to ensure private institutions have a fair chance to recruit students.

South Sulawesi Becomes First Province to Launch 2026 Economic Census

South Sulawesi has become the first province in Indonesia to officially launch the 2026 Economic Census, an initiative led by the national statistics agency. The comprehensive data collection will cover business sectors, economic activities, and households to provide a precise foundation for regional and national development policy. The central agency praised the provincial government's enthusiasm, noting the high-quality data will be crucial for targeted policymaking.

Basuki Swears In 555 IKN Civil Servants, Stresses Competence and Integrity

The Head of the Nusantara Capital Authority (IKN) officially inaugurated 555 civil servants in the new capital, emphasising four core characteristics for state apparatus. Basuki Hadimuljono stressed the need for strength through competence, courage through integrity, loyalty to the profession, and an innovative spirit to tackle the challenges of building a new city. He warned the newly appointed officials to honour their oath as a spiritual and moral commitment, not just a formality.

26 Names Allegedly Involved in MBG Corruption, Palace: Executive, Legislative, and Judiciary Ready to Be Processed if Proven

The Indonesian government, through the Government Communication Agency, has asserted that no preferential treatment will be given to anyone proven involved in the alleged corruption of the Free Nutritious Meal (MBG) programme. This statement follows a suspect's legal team revealing they have submitted 26 names to the Attorney General's Office. President Prabowo Subianto's administration has underscored its commitment to equality before the law for all branches of power.

2026 Dry Season Peak Forecast for July to September Across Indonesia

Indonesia's Meteorology, Climatology, and Geophysics Agency (BMKG) has predicted that the peak of the 2026 dry season will predominantly occur between July and September. The forecast indicates that nearly half of the country's land area will experience the peak in August 2026. The BMKG has updated its climate predictions based on current monitoring.

Military Judges: No Intelligence Operation Behind Andrie Yunus Attack

The Jakarta Military Court II-08 has ruled that the acid attack against human rights activist Andrie Yunus by four members of the TNI Strategic Intelligence Agency (BAIS) was not an official intelligence operation, but rather an act of personal vengeance. The judges determined the perpetrators acted out of resentment over the victim's interruption of a military law discussion. The assailants received prison sentences ranging from 18 months to 3 years, with two defendants also being dishonourably discharged.

Vandals suspected of using trees to damage 25 streetlights in South Jakarta

South Jakarta authorities suspect vandals used trees to access and damage 25 public streetlights along Jalan Teuku Nyak Arief, plunging the road into darkness. The vandalism, which occurred on Sunday night, reportedly also involved the theft of cables. Officials are coordinating with the forestry agency and Transjakarta to prune trees rather than fell them, while urging the public to report damage to public facilities.

Self-Help Housing Stimulus Programme in East Lombok Reaches 1,412 Units

The Self-Help Housing Stimulus Programme (BSPS) in East Lombok Regency has secured provisional quota approval for 1,412 housing units for the 2026 budget from the Ministry of Public Works and Housing. Local authorities are currently working to clear data discrepancies involving approximately 1,900 additional prospective recipients, with issues related to family registration numbers and the Integrated Social Welfare Data system. The total BSPS allocation for West Nusa Tenggara stands at 6,418 units, with the East Lombok administration striving to finalise data to improve community welfare.

BNN Denies Arrest of 10 Indonesian Nationals Positive for Drugs from Bangkok Linked to Hipmi Chairmanship Candidate

Indonesia's National Narcotics Agency (BNN) has refuted allegations that ten Indonesians who tested positive for drugs at Soekarno-Hatta Airport were part of a contingent of chairmanship candidates for the Indonesian Young Entrepreneurs Association (Hipmi). The agency asserted the enforcement action was purely a professional follow-up to a prior drug case involving Russian nationals. The denial comes as Hipmi holds its national congress in Lampung, with all four candidates confirmed to be in attendance and in good health.

Pertamax Price Rise: A Realistic Step to Safeguard the Fiscal Position and Energy Security, Say Experts

Academics have described the adjustment of non-subsidised Pertamax fuel prices to Rp16,250 per litre as a pragmatic measure to protect the state budget amid rising global oil prices. The move aims to ease the growing fiscal burden of energy compensation, though experts caution that widening price gaps could drive consumers towards subsidised Pertalite fuel. Despite the increase, Indonesia's fuel prices remain competitive within the Southeast Asian region.

Appeal Court Increases Compensation Penalty for Riza Chalid's Son to IDR 13.4 Trillion

The DKI Jakarta High Court has upheld a 15-year prison sentence for Muhamad Kerry Adrianto Riza, the son of fugitive Riza Chalid, in a high-profile oil governance corruption case. In its appeal ruling, the court significantly increased the compensation payment he must make to IDR 13.4 trillion, encompassing both state financial losses and economic damages. The case forms part of a broader scandal involving crude oil and fuel trading at Pertamina subsidiaries between 2018 and 2023.

Undana and Bappenas Explore Sustainable Beef Cattle Ecosystem Development in NTT

Nusa Cendana University (Undana) and the Ministry of National Development Planning (Bappenas) are exploring collaboration to develop a sustainable beef cattle ecosystem in East Nusa Tenggara (NTT). The initiative aims to strengthen the livestock sector, which is deemed fundamental to the province's food security and economy. While Bappenas noted no specific budget is allocated for 2026 due to fiscal efficiency, both parties plan to advance discussions on institutional strengthening and policy recommendations.

Can Technology Boost Productivity in Indonesia's Construction Sector?

Hilti Indonesia, marking 30 years of operation, is promoting digitalisation to enhance productivity, safety, and sustainability within the nation's construction industry. The firm's president director emphasised the company's commitment to supporting Indonesia's infrastructure development as a key economic pillar. A significant technological transformation in the sector has been observed over the past two decades.