Indonesian Political, Business & Finance News

Archive: 11 June 2026

Showing 1,101-1,150 of 1,603 articles

Prabowo, Canadian PM explore post-ICA-CEPA economic cooperation

Indonesian President Prabowo and Canadian Prime Minister Mark Carney discussed deepening bilateral trade and investment ties following the ratification of the Indonesia-Canada Comprehensive Economic Partnership Agreement (ICA-CEPA). The agreement, Canada's first bilateral trade deal with an ASEAN nation, is expected to eliminate tariffs on over 95 percent of Canadian exports and boost Indonesian exports to US$11.8 billion by 2030. Both leaders also addressed the Middle East conflict's impact on energy markets and the progress of the Canada-ASEAN Free Trade Agreement, with implementation of ICA-CEPA anticipated before year-end.

Dekranasda Bali Facilitates Free Stalls for MSMEs at 2026 Bali Arts Festival

The Bali Provincial Government will provide free stalls for small and medium enterprises at the 48th Bali Arts Festival (PKB) to boost local business promotion. The policy aims to offer fairer market access while also enforcing strict waste management and a ban on single-use plastics. Participants will be curated to ensure product quality and will be required to price goods affordably to maintain visitors' purchasing power.

Eastern Youth Group Backs Free Nutritious Meals Programme, Supports Transparent Eradication of Budgetary Corruption

The National Coordinator of Eastern Youth has voiced strong support for the Free Nutritious Meals (MBG) programme, a national strategic initiative aimed at improving human capital. The group emphasised the need for strict oversight given the programme's large state budget, to ensure it remains transparent and free from abuse. They also backed a potential justice collaborator willing to expose alleged irregularities within the programme's management.

Interpol Fugitive Australian National Arrested While Boarding Private Jet in Bali

An Australian national wanted by Interpol for transnational organised crime was arrested at Bali's Ngurah Rai Airport as he attempted to flee to Mozambique on a private jet. The 55-year-old, a prominent figure in a motorcyle gang and drug syndicate, was caught using a counterfeit Brazilian passport after evading initial immigration checks. He has since been detained and is set to be deported to Australia to face charges of large-scale narcotics smuggling.

92 per cent of Indonesian knowledge workers use AI

A recent survey reveals that 92 per cent of Indonesian knowledge workers now utilise generative artificial intelligence in their daily tasks, surpassing the global average. Deputy Minister Nezar Patria highlighted this shift from experimentation to mainstream adoption, noting that 88 per cent of organisations have also integrated AI. He warned that the future divide will be between those who can use AI productively and those left behind, urging for equitable access and digital upskilling.

Grab Responds to Pertamax Fuel Price Hike on Driver and User Impact

Grab Indonesia is closely monitoring the impact of the non-subsidised fuel price adjustment on its driver partners' daily operational costs. The company stated it is evaluating the situation to balance driver income sustainability, service affordability for users, and platform stability. The price of Pertamax rose by Rp 3,950 to Rp 16,250 per litre in the Jakarta area.

Home Affairs Minister Proposes Additional Rp 6.2 T for Sumatra Disaster and Election Bill

Home Affairs Minister Tito Karnavian has proposed a supplementary budget of Rp 6.27 trillion for the 2027 fiscal year to fund post-disaster rehabilitation in Sumatra and prepare for revisions to electoral laws. The total requested budget for the ministry, including the additional funds, would reach Rp 10.93 trillion. The proposal also earmarks significant spending for regional incentive awards and strengthening public services through digital population data.

Immigration 'Corridor Gate' Service Speeds Up Hajj Arrivals at Soetta

The Soekarno-Hatta Airport Immigration Office has reported that its new automated 'corridor gate' system has successfully accelerated the arrival process for returning Hajj pilgrims by up to 90 per cent. The seamless biometric inspection technology reduces per-person clearance time to just three to five seconds, compared to the standard 15 seconds on traditional auto gates. The innovation is part of a state effort to provide seamless public service from departure under the Makkah Route cooperation through to arrival back in Indonesia.

Natuna Regency Government and Navy Fleet Command Collaborate to Protect Fishermen

The Natuna Regency government is strengthening coordination with the Indonesian Navy's Fleet Command to address local fishermen's safety concerns following reports of foreign fishing vessels in the North Natuna Sea. A meeting was facilitated between fishermen and maritime authorities to align perceptions and find solutions. The initiative also includes plans to provide communication equipment for faster incident reporting and a review of central fisheries policies affecting local traditional fishermen.

Indonesia and Russia Deepen Industrial Cooperation via BRICS

Indonesia and Russia are strengthening industrial and trade ties through the BRICS PartNIR Forum, with bilateral trade showing positive momentum. Both nations are exploring expanded cooperation in strategic sectors such as technology and manufacturing, while Indonesia seeks support to attract Chinese investment ahead of its BRICS chairmanship. The recent signing of the Indonesia–Eurasian Economic Union Free Trade Agreement is expected to further boost market access and investment flows.

Police arrest apartment burglar in Kelapa Gading, North Jakarta

Police in Kelapa Gading, North Jakarta, have arrested a 54-year-old man suspected of breaking into a unit at the Grand Emerald Apartment. The suspect was apprehended nine days after the theft, and confessed to selling stolen electronics to fund daily expenses and purchase methamphetamine. He now faces charges of aggravated burglary under the Criminal Code.

Jakarta to Turn Off Lights for One Hour on Environment Day, 13 June: Here Are the Locations

The Jakarta provincial government will conduct a coordinated one-hour blackout on Saturday, 13 June 2026, to commemorate World Environment Day. The initiative, running from 8:30 PM to 9:30 PM, will see major thoroughfares, government buildings, and city landmarks switch off non-essential lighting. Officials highlighted that a similar event in 2025 saved 96.91 MWh of electricity and reduced emissions by 77.53 tonnes of CO₂.

IAEA Adopts Resolution Urging Iran to Grant Access to Uranium Stockpile

The International Atomic Energy Agency's Board of Governors has adopted a resolution demanding Iran provide complete information on its enriched uranium inventory. The resolution, which passed with 21 votes in favour, expresses deep concern over a nearly year-long lack of full access for inspectors. It calls on Tehran to engage in serious, unconditional talks to restore international confidence in the peaceful nature of its nuclear programme.

Forestry Minister Approves Name 'Nona Seroja' for Elephant Calf from Riau Police Chief: A Conservation Symbol

Indonesia's Minister of Forestry has endorsed the naming of a newborn Sumatran elephant calf 'Nona Seroja', proposed by the Riau Police Chief. The name, symbolising resilience and purity, is intended to embody hope for the species' future in Tesso Nilo National Park. The event underscores the ongoing collaborative efforts required to protect the critically endangered Sumatran elephant and its habitat.

Government Preparing Special Strategy to Strengthen Rupiah, Says Dasco

Deputy Speaker of the Indonesian House of Representatives, Sufmi Dasco Ahmad, has revealed the government is readying a special strategy to boost the rupiah's exchange rate against the US dollar. He expressed confidence the plan will strengthen the currency and urged the public holding dollars to sell them. The Finance Minister also signalled optimism that pressure on the rupiah would ease gradually into the second half of 2026.

Trade Minister Focuses on Ensuring MinyaKita Distribution to Public Markets

Trade Minister Budi Santoso has stated the government is prioritising the distribution and supply of MinyaKita cooking oil rather than adjusting its retail price ceiling. Efforts are underway to improve oversight and the distribution system following suspected misappropriation cases.

Bareskrim Names Former OJK Official Fitri Hadi a Suspect in DSI Case

The Indonesian National Police's Criminal Investigation Agency has named Fitri Hadi, a former official at the Financial Services Authority (OJK) and the Indonesia Stock Exchange, as a suspect in an alleged fraud and embezzlement case involving PT Dana Syariah Indonesia. Investigators suspect Hadi of misusing his position through fictitious lending projects and money laundering, following the prior indictment of several company directors. The case highlights regulatory concerns over governance in the peer-to-peer lending sector.

SBY Issues Sudden Emergency Warning After Pertamax Price Hike, Urges Prabowo to Protect the People

Former President Susilo Bambang Yudhoyono has publicly urged the Prabowo administration to shield vulnerable citizens from the economic fallout of rising fuel prices. He emphasised the need for strengthened state budget management, controlled government debt, and restored investor confidence. Yudhoyono also called for clear public communication to reduce market uncertainty and encouraged national unity to support economic recovery efforts.

Police Investigate Intent in Bullying Case That Left Central Jakarta Boy Electrocuted

Jakarta police are investigating whether two teenagers intentionally placed a six-year-old boy against an electrified pole, causing him to be shocked into a coma. The boy has since regained consciousness but remains fearful, while his family demands the suspects be arrested. CCTV footage reportedly shows the victim being dragged and forced against the leaking pole in a Kramat Pulo park.

Police General Agus's Message to New Traffic Law Enforcement Director: Humanistic Approach and ETLE Optimisation

National Police Traffic Corps (Korlantas Polri) Chief Inspector General Agus Suryonugroho has urged the new Director of Law Enforcement to prioritise a humanistic approach and accelerate digital transformation. The newly appointed director, Senior Commissioner I Made Agus Prasatya, played a pivotal role in reforming traffic fine non-tax state revenue (PNBP) management through collaboration with the Attorney General's Office and the Supreme Court. This reform culminated in the issuance of a Finance Minister Regulation in 2024, marking a new era of transparent and accountable traffic fine revenue management.

Jakarta Government Rolls Out Subsidised Food Programme to Curb Inflation

The Jakarta provincial government is implementing a Subsidised Food Programme to provide affordable, high-quality staples and control inflation. The initiative, which distributes items like chicken for Rp8,000 each via 107 service points, is complemented by inter-regional cooperation to secure supply chains. Jakarta's monthly inflation was recorded at 0.12 per cent in May 2026, with the annual rate reaching 2.49 per cent.

Who Owns the Two Boeing 737 Wrecks Parked at PT DI's Apron for Decades?

PT Dirgantara Indonesia is seeking the owner of two Boeing 737-200 wrecks that have been parked on its apron since 2005, as the company plans to build a hangar on the site. The aircraft were originally brought in for maintenance by Bouraq Airlines via PT Aero Nusantara Indonesia, but both entities have denied ownership, with Bouraq now bankrupt and its curator finding no record of the planes. After a 14-day public notice period yielded no claimant, PT DI now holds the right to manage the aircraft, potentially converting them into educational tools.

40 Issuers Launch Massive Buybacks, Trillions Readied to Support Prices

Indonesia's Financial Services Authority (OJK) reports 65 listed companies have initiated share buyback programmes without shareholder approval, allocating a total of Rp65.34 trillion. The move comes as the Jakarta Composite Index has plunged 32% this year, making it the world's worst-performing market. Realisation of the buybacks currently stands at 30%, or Rp17.12 trillion, as firms seek to signal confidence amid severe market volatility.

Pertamina Deputy CEO Highlights Urgency of Collaboration to Strengthen Energy Security

Pertamina's Deputy CEO, Oki Muraza, has called for stronger synergy across the state-owned energy firm's sub-holdings to bolster national energy security, particularly in high-demand Java. During a management walkthrough of key upstream and downstream facilities, he stressed the need for a unified 'One Pertamina' approach to tackle operational challenges. The visit covered strategic assets including the Balongan refinery and Jatibarang field, underscoring efforts to maximise domestic resource utilisation amid global uncertainty.

Alternative Tobacco Products Gain Popularity, One Reason Being Minimal Smoke Odour

Alternative tobacco products are increasingly favoured by adult smokers in Indonesia, driven by technological innovation and a different user experience. Key attractions include the absence of combustion, which reduces lingering smoke odour and ash, offering greater convenience. Experts caution, however, that these products still contain addictive nicotine and are intended only for existing adult smokers.

Seepage Appears in Lapindo Mud Embankment, Residents Anxious

Residents near the Lapindo mud embankment in Sidoarjo, East Java, are living in fear after water seepage was discovered at a critical boundary point. The situation is worsened by rising water and mud levels in the holding pond, which have not been channelled into the Porong River, leaving the embankment dangerously close to overflowing. Locals are conducting nightly patrols and urging authorities to immediately reduce the volume and reinforce the structure to prevent a catastrophic breach.

Bali Immigration Arrests Australian Interpol Fugitive in Private Jet Toilet

Immigration officers at Bali's Ngurah Rai Airport prevented an Australian Interpol fugitive from departing on a private jet on 6 June 2026. The wanted man, a senior figure in a transnational organised crime syndicate, was found hiding in the aircraft's toilet after using a forged Brazilian passport. The incident highlights Indonesia's firm stance against harbouring international fugitives.

Interpol Fugitive Arrested at Bali Airport While Attempting to Flee on Private Jet

An Australian fugitive wanted by Interpol for transnational organised crime and drug trafficking was arrested at Bali's Ngurah Rai Airport. The man, identified as AP, was caught using a fake passport while attempting to board a private jet to Mozambique. Indonesian authorities are now coordinating with Australian Federal Police and the US Drug Enforcement Administration.

Muara Enim Follow-up Sting Suspect Claims BPK Leaders Received Bribes

A suspect apprehended in a follow-up sting operation related to the Muara Enim corruption case has claimed that it was senior leaders of the Supreme Audit Agency (BPK), not herself, who accepted bribes. The suspect, Titin Rita Lestari, who led a BPK audit team, insisted she was merely an executor and did not receive any money. The case stems from a series of stings by the Corruption Eradication Commission (KPK) targeting alleged bribery linked to procurement and audit findings in the Muara Enim Regency administration.

AI Increasingly Transforms Work, Galaxy S26 Arrives to Meet Productivity Needs

Artificial intelligence is evolving from a simple search tool into a proactive digital assistant, reshaping daily work activities. Samsung's new Galaxy S26 Series introduces agentic AI features, such as the Now Nudge function, designed to anticipate user needs and streamline tasks. The device aims to serve as a productivity partner for professionals, students, and business owners by offering context-aware recommendations.

Ministry of Creative Economy and BPI Synergise to Strengthen National Film Ecosystem

The Ministry of Creative Economy and the Indonesian Film Agency (BPI) are collaborating to enhance the competitiveness, inclusivity, and sustainability of Indonesia's film ecosystem. The partnership will focus on regulatory strengthening, industry competitiveness, and international market engagement.

Serang Mayor Studies Sanctions for Residents Dumping Rubbish in Rivers

The Mayor of Serang, Banten, is preparing a study on sanctions for residents who persistently dump household waste into rivers, citing the failure of educational campaigns alone. Despite ongoing clean-up efforts, piles of plastic, styrofoam, and other debris continue to pollute the Cibanten River, with local officials planning a community clean-up to raise awareness.

SAKA: Ronggolawe POD Approval Supports Production Increase Strategy

PT Saka Energi Indonesia (SAKA) has secured approval for the Plan of Development (POD) for the Ronggolawe PHE-7 field in the Pangkah Block, marking a significant step in its strategy to boost oil and gas output. The field, expected to come onstream by late 2029, is projected to contribute up to 5,126 barrels of oil per day at peak production. The development aligns with national energy security goals and involves unitisation with the adjacent West Madura Offshore block.

Deputy Minister Says Transport Minister Summoned by Prabowo, House Commission V Meeting Postponed

A House of Representatives (DPR) Commission V meeting with Transport Minister Dudy Purwagandhi was postponed after the minister was summoned by President Prabowo Subianto. Deputy Minister Suntana informed the commission that the minister could not attend due to the urgent presidential summons. The meeting, intended to approve the ministry's indicative budget ceiling, has been rescheduled for 17 June 2026.

Pertamina Deputy CEO Stresses Urgency of Cross-Business Collaboration to Strengthen Energy Security

Pertamina's Deputy CEO Oki Muraza has called for stronger synergy across the state-owned energy company's subholdings to bolster national energy security, particularly in high-demand areas like Java. During a management walkthrough of key upstream and downstream facilities, he emphasised a 'One Pertamina' approach to solving operational challenges. The visit covered strategic assets including the Jatibarang oil field, the Balongan refinery, and an offshore gas processing facility.

Five Brimob Officers Stabbed by Alleged Army Personnel in Labuan Bajo

Five members of the Mobile Brigade Corps (Brimob) were stabbed, allegedly by three Indonesian Army soldiers, during a party in Labuan Bajo, East Nusa Tenggara. Two officers sustained serious injuries requiring surgery, while the three suspected soldiers have been detained at the local military district command for questioning. Police and military authorities are conducting a joint investigation to determine the full chronology and motive behind the inter-institutional incident.

Woman in South Sumatra Enlists Boyfriend to Murder Suitor Chosen by Parents

A woman in Banyuasin, South Sumatra, conspired with her boyfriend to murder a man her parents had arranged for her to marry. Police initially investigated the case as a robbery but later uncovered it was a premeditated murder driven by the woman's refusal of the arranged match. Both suspects have been arrested.

Video: Dissecting the Causes of Indonesia's Lowest Milk Consumption in ASEAN

Indonesia's milk consumption remains the lowest in ASEAN at 17.76 litres per capita annually, largely due to cultural dietary habits and low domestic production, which forces the country to import 75-80% of its needs. The government's free nutritious meal programme is expected to boost consumption, particularly among children, and potentially stimulate national milk production.

House Deputy Speaker Urges Citizens to Sell US Dollars: 'You'll Regret It When Rupiah Strengthens'

Deputy Speaker Sufmi Dasco Ahmad has called on Indonesians to convert their US dollar holdings into rupiah, citing imminent government strategies to bolster the national currency. The rupiah showed slight strengthening to Rp17,941 per dollar amid easing fiscal concerns and falling global oil prices.

US Secretly Escorted 100 Million Barrels of Oil Through Strait of Hormuz

President Donald Trump revealed that the US military conducted a covert operation to escort oil tankers and commercial vessels through the Strait of Hormuz, facilitating the safe passage of over 100 million barrels of oil. The announcement came amid heightened tensions, with Iran subsequently declaring the closure of the strategic waterway and threatening to attack any ships attempting to cross. The situation underscores the fragile state of global energy security in the region.

KPK Examines Businessmen Heri Black and Sri Pangestuti in Customs Corruption Case

Indonesia's Corruption Eradication Commission (KPK) has questioned businessmen Heri Setiyono, known as Heri Black, and Sri Pangestuti as witnesses in an ongoing corruption investigation within the Directorate General of Customs and Excise. The case involves alleged bribery and gratuities related to the import of counterfeit goods, with several customs officials and cargo company executives already named as suspects. The probe has expanded to include the Director General of Customs, Djaka Budi Utama, who is alleged to have received bribes totalling 213,000 Singapore dollars.

PCMB 2026 Inspection Turns Heated, Dedi Mulyadi Sacks West Java Education Agency's Tikomdik Head

West Java Governor Dedi Mulyadi has dismissed the head of the provincial education agency's IT unit following a heated surprise inspection of the 2026 student placement system. The decision came after the PCMB process was overwhelmed by public complaints regarding technical failures and data validity. A video of the inspection shows the governor aggressively questioning officials about who controlled the problematic application.

Getting to Know Ngibi, an Ancestral Tradition Still Alive in South Halmahera

The village of Soligi in South Halmahera continues to preserve the Ngibi tradition, a cultural performance originating from Buton that conveys moral values and history. Supported by collaboration between local leaders and the industrial entity Harita Nickel, the event highlights efforts to maintain cultural identity amidst regional development. The tradition, which includes dance and pencak silat, serves as a medium to pass heritage on to younger generations.

Former TTS Legislator Killed by Villagers in Dispute Over Ministry Irrigation Project

A former member of the Timor Tengah Selatan (TTS) Regional House of Representatives, Gustaf Nabuasa, has died after being beaten with a wooden stake by villagers during a confrontation over a government irrigation project. The incident occurred on 3 June 2026 in Bena Village, where Nabuasa and his brother, the village head, were attacked while overseeing land clearing for a Ministry of Agriculture food security programme. Police have arrested one suspect, and the family is demanding justice.

BIGBANG to Hold Concert at JIS, Governor Pramono: Go Ahead, As Long As the Grass Is Safe

Jakarta Governor Pramono Anung has given the green light for K-pop group BIGBANG to perform at Jakarta International Stadium (JIS), provided the event does not damage the venue's grass pitch. The governor noted that the stadium's turf is currently undergoing maintenance and expressed hope that recovery times after events can be shortened to one or two weeks. The concert is scheduled for 16 January 2027 as part of the group's 20th-anniversary world tour.

National Energy Council Reveals Indonesia to Stop Petrol Imports by 2028

Indonesia's National Energy Council (DEN) has announced plans to halt imports of diesel and aviation fuel by 2026, and petrol by 2028, as part of a push for energy sovereignty. The strategy relies on optimising domestic refinery output and increasing the use of biofuels such as biodiesel and bioethanol. The Energy Minister has separately confirmed that the Balikpapan refinery upgrade will significantly reduce import dependency and save billions in foreign exchange.

Jakarta Anniversary: Public Transport and Tourist Sites Free on 22 and 27 June

The Jakarta provincial government will provide free public transport and entry to various tourist attractions on 22 and 27 June to celebrate the city's 499th anniversary. Governor Pramono Anung announced the policy as a 'birthday gift' for residents holding Jakarta ID cards. The free access covers LRT, MRT, TransJakarta, Ancol, museums, Monas, Ragunan Zoo, and municipal sports facilities.

Prabowo Cites Jokowi in Response to Criticism of His Overseas Trips

President Prabowo Subianto has invoked his predecessor Joko Widodo to deflect criticism over his frequent overseas visits, pointing out a perceived double standard. He noted that Jokowi was once criticised for rarely travelling abroad, while he now faces censure for doing the opposite. Prabowo defended his trips as necessary for navigating a chaotic geopolitical landscape and building international relationships.

KAI Logistik Transports 1.19 Million Tonnes of Goods by Container Train, Equivalent to 60,000 Trucks on the Road

KAI Logistik reported a 10% increase in total freight volume in May 2026, driven by its container train service which moved 1.19 million tonnes of goods in the first five months of the year. The company is expanding its fleet to meet rising demand and positions rail freight as a sustainable, efficient alternative to road transport, reducing congestion and supporting Indonesia's low-carbon development goals.

Bapanas: 5.3 million tonnes of rice stock strengthens Indonesia amid global dynamics

Indonesia's National Food Agency (Bapanas) reports that the government's rice reserve has reached a historic high of 5.3 million tonnes, bolstering national food security against global inflationary pressures. The agency is also intensifying market surveillance through a new task force to enforce price ceilings and quality standards. Bank Indonesia supports these efforts, aiming to build a resilient food system for long-term stability.