Indonesian Political, Business & Finance News

Archive: 11 June 2026

Showing 701-750 of 1,603 articles

Moscow claims many European companies want to return to Russian market

The Kremlin has signalled that it is receiving requests from numerous European firms seeking to re-enter the Russian market after many saw revenues plunge. The head of Russia's sovereign wealth fund noted that companies are experiencing fatigue after abandoning previously successful operations. Officials have warned, however, that returning Western businesses will receive no special privileges and must compete on equal terms.

BP Batam Postpones Container Tariff Adjustment at Port

The Batam Concession Agency (BP Batam) has temporarily delayed implementing adjusted container service tariffs to maintain investment, industrial, and trade stability. The decision aims to ensure future tariff policies are more measurable, transparent, and linked to concrete service quality improvements. The postponement has been welcomed by local business associations, who see it as relief amid global economic pressures.

Prosecutors to Appeal 6-Year Sentence for Unram Student Murderer After Demanding 13 Years

Prosecutors in West Nusa Tenggara are to appeal against the six-year prison sentence handed to Radiet Adiansyah for the death of a Mataram University student, arguing the crime was murder, not assault. The court convicted the defendant under an assault causing death statute, far short of the 13-year term sought for the killing at Pantai Nipah in 2025. The case began when the victim resisted an attempted rape before a fatal struggle ensued.

Ahead of Galungan, 82,420 Households in Badung Receive Rp 2 Million in Social Assistance

The Badung Regency Government has disbursed cash social assistance totalling Rp 164.8 billion to 82,420 Hindu households ahead of the Galungan and Kuningan holidays. Each household receives Rp 2 million to help maintain purchasing power amid rising prices linked to global geopolitical pressures and domestic fuel price adjustments. The regent also announced the programme will become a more flexible financial assistance scheme from 2027.

Gustavo Petro urges Trump not to interfere in Colombian election campaign

Colombian President Gustavo Petro has called on US President Donald Trump to refrain from interfering in Colombia's upcoming presidential election, citing a constitutional ban on foreign involvement. Petro's rebuke follows Trump's endorsement of right-wing candidate Abelardo de la Espriella, who holds dual US-Colombian citizenship. The Colombian leader warned against attempts to sway public opinion through foreign funding or disinformation campaigns ahead of the 21 June vote.

UNJ Students to Stage Protest, Highlighting Rupiah and Fuel Prices

Students from the State University of Jakarta (UNJ) are set to demonstrate on campus, voicing concerns over the weakening rupiah and rising fuel costs. Their demands target both the central government, calling for economic interventions and policy evaluations, and the university administration regarding campus development and tuition fees. The protest emerges amidst growing national discourse about reform, though the student alliance is currently focusing on revitalising its on-campus movement.

Transport Minister Reports to President on Level Crossing Closures and Gambir Station Renovation

Transport Minister Dudy Purwagandhi has updated the President on the closure of 172 level crossings, with a further 490 in progress. The government also plans a two-year renovation of Gambir Station, integrating it with the national commuter line network. The initiatives aim to boost railway safety amid concerns over accident risks at unguarded crossings.

Prabowo Meets Jusuf Kalla at the Presidential Palace

President Prabowo Subianto hosted former Vice President Jusuf Kalla and his son Solihin at the Merdeka Palace in Jakarta. The meeting, requested by Kalla days earlier, involved discussions accompanied by his son, a businessman. The Cabinet Secretary noted the talks were part of efforts to strengthen national unity and foster collaboration with business figures.

Meeting Prabowo at the Palace, JK Ready to Build Large-Scale Hydro and Gas Power Plants

Former Vice President Jusuf Kalla met with President Prabowo Subianto to discuss accelerating national energy self-sufficiency. Kalla announced readiness to build 2,000 megawatts of hydroelectric power and large gas-fired plants to support economic growth targets. The meeting also touched upon international peace efforts in Thailand, Afghanistan, and Pakistan.

Rupiah slide and 'Sell Indonesia' stocks: Jakarta's counter moves useful but experts flag deeper fiscal concerns

Indonesia's emergency rate hike has temporarily stabilised the rupiah and stock market following a record low, but economists warn that long-term recovery hinges on restoring fiscal credibility and investor trust. The government's response is criticised for failing to address underlying budget anxieties, while speculation mounts over the finance minister's future. Experts caution that higher borrowing costs may hurt households and businesses unless unproductive spending is cut and policy predictability is improved.

Why iOS 27 AI Features Are Only Optimal on iPhone 17 Pro with 12GB RAM

Apple's latest iOS 27 operating system introduces a two-tier strategy for its Apple Intelligence features, with the most advanced on-device AI functions exclusively requiring 12GB of RAM. This hardware limitation means only the iPhone 17 Pro, iPhone 17 Pro Max, and a rumoured iPhone Air will support premium capabilities like advanced voice productivity and deep customisation, whilst older models and the standard iPhone 17 will rely on basic generative features. The segmentation highlights Apple's growing emphasis on RAM as the critical enabler for next-generation on-device artificial intelligence.

Antam Simplifies Gold Investment Amid High Public Enthusiasm

PT Aneka Tambang (Antam) is enhancing its digital gold services to meet soaring public demand for the precious metal as an inflation hedge. The state-owned enterprise's BRANKAS programme, accessible via the ANTAM Logam Mulia mobile app, allows investors to purchase and manage physical gold digitally with competitive buyback prices. The initiative reinforces Antam's leading role in modernising Indonesia's gold investment industry and expanding access for all levels of society.

Prabowo Receives Jusuf Kalla and His Son Solihin Kalla at the Palace

President Prabowo Subianto held a meeting with former Vice President Jusuf Kalla and his son, businessman Solihin Kalla, at the Merdeka Palace in Jakarta. The meeting follows a request made by Jusuf Kalla several days prior. The President's administration emphasised its openness to dialogue with national figures and business actors to strengthen unity.

Basuki Confirms Rupiah Weakening Has No Impact Yet on Nusantara Capital City Project: Contractors Not Complaining

Nusantara Capital City Authority (OIKN) Head Basuki Hadimuljono has stated there has been no significant impact from the rupiah's depreciation against the US dollar on the new capital's construction. He confirmed that contractors have not reported any complaints regarding rising material prices or operational costs. Basuki also requested an additional budget of Rp15.5 trillion for 2027 to meet development targets for 2028, bringing the total requirement to Rp22.2 trillion.

Budget Efficiency: BGN to Sharpen Targeting of Free Nutritious Meal Beneficiaries

The National Nutrition Agency (BGN) plans to refine the distribution of the Free Nutritious Meal (MBG) programme by excluding beneficiaries deemed ineligible, such as children from wealthy families. This retargeting effort is part of the government's broader budget efficiency drive. Further details on potential savings and additional policies are expected to be discussed imminently.

Summarecon Distributes IDR 82.5 Billion Dividend, Marketing Sales Reach IDR 5.53 Trillion

PT Summarecon Agung Tbk (SMRA) will distribute a cash dividend of IDR 5 per share totalling IDR 82.54 billion, following a net profit of IDR 1.20 trillion in the 2025 fiscal year. The property developer saw its marketing sales surge 27 percent to IDR 5.53 trillion, exceeding its target, driven by demand in the middle and upper-middle housing segments. The company plans to maintain prudent cash management and focus on sustainable township development for long-term growth.

Minister: Village cooperatives must sell goods cheaper than market prices

Cooperatives Minister Ferry Juliantono has mandated that the Merah Putih Village Cooperatives must offer essential goods, especially subsidised items like 3kg LPG and rice, below prevailing market rates. The directive includes providing microfinance services with a maximum interest rate of 6 per cent, as instructed by the President. To maintain competitive pricing, the government will facilitate direct supply acquisition from manufacturers and principal brand holders.

Priok Police Dismantle Drug Network, Seize Rp 2 Billion Worth of Methamphetamine

The Tanjung Priok Port Police have apprehended two suspected drug couriers and seized over 2 kilograms of crystal methamphetamine valued at more than Rp 2 billion. The suspects were arrested after moving between locations in North and West Jakarta to evade authorities. The narcotics are believed to have been transported from Riau, and the suspects face severe charges under Indonesia's narcotics laws.

Case Construction of Alleged BPK Auditor Bribery: Tampering with Audit Reports

Indonesia's Corruption Eradication Commission (KPK) has named five suspects, including a newly elected regent, in an alleged bribery scheme to alter a state audit report on Muara Enim Regency. The case involves a regent, an auditor from the Supreme Audit Agency (BPK), and private contractors who allegedly negotiated a Rp1.6 billion fee to manipulate findings. The KPK has detained the suspects and seized cash and assets as evidence.

Minister Targets 40,000 ‘Merah Putih’ Cooperatives to Operate by End of 2026

Minister of Cooperatives Ferry Juliantono estimates that 40,000 Village/Sub-district Merah Putih Cooperatives can commence operations by the end of 2026. This target hinges on the accelerated construction of physical infrastructure across various regions, with 12,533 units already fully built. The cooperatives are envisioned to serve multiple strategic functions, including distributing subsidised goods and absorbing local production.

Government to Evaluate Free Nutritious Meals Programme, Overhaul Service Units and Beneficiary Verification

The Indonesian government is set to restructure its flagship Free Nutritious Meals programme within one month following reports of malpractice. Key reforms include overhauling the Nutritional Fulfilment Service Units, some of which were allegedly sold, and verifying beneficiary data. The coordinated effort aims to improve kitchen quality, map eligible schools, and ensure the social assistance reaches its intended recipients.

Indonesia and UAE Discuss Investment in LDC, Adex and Abu Dhabi Ports

Indonesia and the United Arab Emirates are strengthening strategic economic ties, with discussions covering investments in commodities, food security, and port infrastructure. The UAE's Abu Dhabi Export office has committed to investment focused on bolstering Indonesia's national food resilience, while Abu Dhabi Ports is set to explore developing an airport in Bali. Coordinating Minister Airlangga Hartarto welcomed the commitment, highlighting the role of the bilateral trade pact in boosting trade and investment flows.

Government Targets Completion of MBG Programme Restructuring Within One Month

The Indonesian government has announced a comprehensive one-month restructuring of the Free Nutritious Meals (MBG) programme to address governance issues and improve service quality. Coordinating Minister for Food Zulkifli Hasan stated the overhaul will include remapping beneficiary schools, upgrading kitchen standards, and tackling reported malpractices involving service units. The National Nutrition Agency will also implement a moratorium on new kitchens and tighten beneficiary targeting to ensure the initiative reaches those most in need.

Indonesia seeks to diversify network routes, reduce 90 per cent internet connectivity dependence on Singapore

Indonesia is planning to reduce its 90 per cent dependence on Singapore for internet connectivity by building alternative digital routes and subsea cable infrastructure. The government aims to strengthen digital sovereignty and support the archipelago’s growing needs in artificial intelligence and data centres. Analysts have warned that heavy reliance on a single corridor poses risks from natural disasters and accidents, while diversifying connectivity across the nation’s 17,000 islands remains a significant challenge.

Empowered Women Programme Boosts Economic Independence

The 'Perempuan Berdaya' programme, initiated by the Yayasan Indonesia Setara, is enhancing women's economic capacity through local potential-based entrepreneurship training. A recent session in Serang, Banten, focused on processing bananas into higher-value products like banana sale and banana coins. Founder Sandiaga Salahuddin Uno reported a positive response, with participants receiving significant product orders within hours of the training.

Police Probe Alleged Erasure of Babies' Origins in Illegal Sleman Shelter

Police in Sleman, Yogyakarta, are investigating suspected violations, including the potential concealment of babies' origins, at an illegal childcare facility where 11 infants were evacuated. Authorities are coordinating with local government agencies to determine whether to pursue criminal charges or administrative sanctions against those involved. The case has prompted tighter oversight after a related midwifery practice in Gamping was shut down for non-compliance.

BPK Audit Bribery Case: KPK Names Four Suspects in Muara Enim

Indonesia's Corruption Eradication Commission (KPK) has named four suspects in connection with alleged bribery linked to findings by the Supreme Audit Agency (BPK) in Muara Enim Regency. The case involves purported irregularities in multiple procurement projects within the local government. The KPK recently detained the head of the BPK audit team for South Sumatra and a private individual.

122 Victims of Hanania Travel Fraud Examined, Metro Jaya Police Open Complaint Post

Metro Jaya Regional Police have examined 122 victims in the alleged umrah travel fraud case involving Hanania Group, representing 337 pilgrims. A complaint post remains open to accommodate additional victims, including those outside the force's jurisdiction. The investigation continues with asset tracing and the suspect, company boss Ahmad Syah Farhan, now in detention.

Bandung City Government Prepares Efficiency Measures After Pertamax Price Hike

The Bandung city administration is implementing operational frugality, including cutting official travel and catering budgets, after the price of non-subsidised Pertamax fuel rose on 10 June 2026. Mayor Muhammad Farhan stated the local government cannot control fuel prices but can manage its consumption to mitigate rising operational costs. He is also considering encouraging municipal employees to stop using private vehicles for commuting.

Chinese researchers treat rare disease with RNA editing technology

A Chinese research team has successfully treated Duchenne muscular dystrophy (DMD) using a novel RNA editing technology called LEAPER, marking the first time a China-developed RNA editing therapy has entered clinical trials. The approach corrects genetic defects by leveraging naturally occurring enzymes, showing significant and sustained motor function improvements in child patients over a one-year follow-up. The development offers a simpler and safer potential treatment for a disease that remains one of the most challenging targets in gene therapy.

National Police Chief Attends as SMA KTB Receives International Curriculum Certificate

SMA Kemala Taruna Bhayangkara (SMA KTB) has officially received the International Baccalaureate Diploma Programme (IBDP) certificate. National Police Chief General Listyo Sigit Prabowo accepted the certificate at a ceremony held at the National Police Headquarters, highlighting the school's aim to nurture future leaders. The certification aligns with the government's vision to develop top-tier schools to support the Golden Indonesia 2045 goal.

KPK Updates Number of Suspects in BPK Bribery Case to Five

The Corruption Eradication Commission (KPK) has revised the number of suspects in a bribery case related to BPK audit findings in Muara Enim Regency from four to five. The case involves allegations of bribery linked to the audit of the 2025 fiscal year financial statements. The five suspects include the Muara Enim Regent, two individuals from a private company, a BPK civil servant, and another private party.

Wabo Language Facing Extinction, BRIN Compiles Grammar to Preserve Papuan Heritage

The Wabo language, now only spoken by elders in Papua's Yapen Islands, is being documented by Indonesia's National Research and Innovation Agency (BRIN) as it faces critical endangerment. Researchers are verifying linguistic data to produce a descriptive grammar, aiming to safeguard the language for future generations. Local government and cultural bodies have pledged their support for the preservation effort.

Video: Rupiah Under Pressure, BI Steps In

Bank Indonesia unexpectedly raised its benchmark interest rate by 25 basis points to 5.5% during a weekly governors' meeting, a move normally reserved for monthly sessions. The surprise hike is aimed at stemming pressure on the rupiah, and its implications for the public in the current economic climate are significant.

Jusuf Kalla Meets Prabowo, Discusses Energy and Geopolitics

Former Indonesian Vice President Jusuf Kalla met with President Prabowo Subianto at the Presidential Palace in Jakarta to discuss national energy self-sufficiency and global geopolitical issues. The meeting, also attended by Kalla's son, a businessman, underscores the government's open-door policy to strengthen unity and collaboration with national figures. Discussions covered efforts to boost Indonesia's energy capacity and peace-related developments in regions such as Thailand and Afghanistan.

Mystery Clouds Probe Into Boeing 787 Crash That Killed 260

Indian authorities are expected to delay the final report into the June 2025 crash of an Air India Boeing 787, which killed 260 people shortly after take-off from Ahmedabad. Investigators are focusing on engine fuel control switches that moved to the 'CUTOFF' position almost simultaneously, while the pilots' federation has urged against releasing an interim report prematurely. The accident remains the first fatal crash involving the 787 Dreamliner since its commercial debut in 2011.

One Debt Collector Suspect in Ponjong, Gunungkidul, Not Detained — Here's Why

Police in Gunungkidul have named three suspects following a violent debt collection incident in Ponjong, though one has not been detained. The suspect involved in the assault was considered to have committed a minor offence that did not disrupt the victim's daily activities. The other two suspects, found in possession of sharp weapons, remain in custody as investigations continue.

Bandung City Targets Completion of Cable Management on 85 Roads by December

The Bandung city government aims to complete the removal of overhead cables along 85 roads by December 2026, prioritising unlicensed and non-compliant installations. Authorities emphasised a cautious approach, assuring that migration to underground networks will proceed in planned phases with backup systems in place to maintain essential public services. Telecommunications operators have been reminded of their responsibility to ensure uninterrupted connectivity for customers during the transition.

National Mining Sector Proves Waste Management Programmes Support Environmental Sustainability

Indonesia's mining industry is demonstrating that operational areas can drive circular economy innovation, with state-owned enterprises leading initiatives that convert waste into economic and social value. Environment Minister Jumhur Hidayat stressed the crucial role of business in adopting clean technology during the opening of INDO ENVIROTECH 2026. Several MIND ID subsidiaries, including ANTAM, Bukit Asam, and Freeport Indonesia, showcased integrated waste management programmes that reduce environmental impact while benefiting local communities.

Pertamina Balikpapan Refinery and Pertamina Trans Kontinental Forge Infrastructure Management Partnership

PT Kilang Pertamina Balikpapan (KPB) and PT Pertamina Trans Kontinental (PTK) have signed a memorandum of understanding to collaborate on port management and marine services. The agreement aims to support the operational readiness of a new 320,000 DWT Single Point Mooring (SPM) facility and bolster integrated energy infrastructure management. This synergy is a crucial step to ensure reliable crude oil distribution and strengthen national energy security as the Refinery Development Master Plan (RDMP) project commences initial operations.

Coordinating Minister Zulhas reveals MBG kitchens in 3T regions surge to 8,617 locations

Coordinating Minister for Food Zulkifli Hasan disclosed a massive increase in free meal programme (MBG) service points in Indonesia's frontier, outermost and least developed (3T) regions, ballooning from 2,000 to 8,617 locations. The overall programme now faces budget inefficiencies exceeding Rp1 trillion per month due to rising kitchen numbers, prompting a comprehensive restructuring effort. The National Nutrition Agency (BGN) has initiated a moratorium on new kitchens and a refocusing of beneficiaries to ensure fiscal responsibility and service quality.

Metro Jaya Police Examine 140 Witnesses in Hanania Group Umrah Fraud Case

Jakarta police have examined 140 witnesses in the investigation of an alleged umrah travel fraud involving Hanania Travel, with 122 of those representing 337 defrauded pilgrims. The total reported losses have reached Rp12.14 billion, and investigators are now focusing on asset tracing in coordination with the financial intelligence unit PPATK. The main suspect, company director ASFR, has been detained to expedite the case's transfer to court.

92 percent of Indonesian knowledge workers use generative AI: govt

A government deputy minister has revealed that 92 percent of Indonesian knowledge workers now use generative AI, exceeding the global average and marking the nation as an active participant in the technological revolution. The rapid adoption has been fuelled by a dramatic fall in AI costs, though officials warn that efforts must now focus on bridging a new digital divide between those who can use AI productively and those who are left behind. The government is committed to boosting AI literacy and fostering local talent to ensure equitable benefits across society.

KWP and BNI Distribute 2,000 Stationery Packages Ahead of New School Year

The Parliamentary Journalists' Coordinator (KWP), in collaboration with state-owned bank BNI, has distributed 2,000 school stationery packages to underprivileged children in Jakarta, West Java, and Central Java. The initiative, supported by members of the House of Representatives (DPR RI), aims to boost students' morale and support educational participation ahead of the new academic year. Organisers emphasised the journalists' commitment to acting as agents of change beyond simply reporting the news.

Demak explores cooperation with investor to process landfill waste into RDF

The Government of Demak Regency in Central Java is exploring a partnership with an investor to convert municipal waste into refuse derived fuel (RDF), an alternative to coal. With a population of 1.2 million, the regency produces 400 to 600 tonnes of waste daily, which officials deem sufficient for an RDF facility. The initiative follows Demak's second-place finish in a provincial investment competition, which attracted interest from PT Petronisia Internasional.

House backs plan to increase forest rangers to safeguard Indonesia's 124.9 million hectares

Indonesia's House of Representatives has voiced strong support for the Ministry of Forestry's proposal to significantly increase the number of forest rangers. With only 4,800 personnel currently tasked with protecting 124.9 million hectares, the move aims to address a critical security gap. This shortage has been linked to rampant illegal activities, including 5.8 million hectares of illicit palm oil plantations.

Unissula Students Develop Environmentally Friendly Solar-Powered Electric Car

Students at Sultan Agung Islamic University (Unissula) have developed a prototype solar-powered electric car as part of an innovation in clean energy technology. The vehicle, equipped with a 48-volt battery, uses solar energy as a renewable power source. It is capable of reaching speeds of up to 20 kilometres per hour and can operate for over five hours on a single charge, showcasing a push towards sustainable transportation.

Victims Lose Rp 2.4 Trillion, Dana Syariah Indonesia Assets Only Rp 320 Billion

Indonesian police have traced only Rp 320 billion in assets belonging to PT Dana Syariah Indonesia, despite reported victim losses totalling Rp 2.4 trillion from the peer-to-peer lending case. Authorities are coordinating with the Financial Transaction Reports and Analysis Centre, the Financial Services Authority, and prosecutors to maximise asset recovery and facilitate restitution for victims. The investigation has been split into four separate case files, with the first batch of three suspects already handed over to prosecutors.

Bandung City Council Pushes for Strengthened Free Healthcare Services

The Bandung City Council (DPRD) has reaffirmed its commitment to enhancing equitable and high-quality free healthcare for all residents. Officials stressed that healthcare is a constitutional right and a critical investment in human development, particularly addressing urban challenges in the strategic Gedebage area. The council pledged to oversee budget allocations, regulations, and inter-agency collaboration to ensure accessible and sustainable medical services.

Gold as Safe Haven Asset Makes Gold Business ANTAM's Main Engine

Global gold prices are projected to reach new records, driving increased investment demand in Indonesia. State-owned miner PT Aneka Tambang (ANTAM) Tbk reported its best-ever financial performance in 2025, with gold sales surging 15% to Rp66.47 trillion. The company is expanding its integrated mine-to-market ecosystem, including digital gold products, to capitalise on gold's popularity as a safe haven asset.