Indonesian Political, Business & Finance News

Archive: 11 June 2026

Showing 1,201-1,250 of 1,603 articles

Jawa Satu Power Plant Supports Java-Bali Electricity System Reliability

PT Jawa Satu Power's gas and steam power plant (PLTGU) is fully operational and contributing to the Java-Madura-Bali grid after Unit 1 completed maintenance ahead of schedule. The 1,760 MW facility, one of Asia's largest combined-cycle plants, plays a critical role in ensuring reliable electricity supply for the region. Load allocation is centrally managed by PLN to maintain system stability.

Deputy Home Affairs Minister Reveals Acceleration of Food and Water Hub in South Papua

Deputy Home Affairs Minister Ribka Haluk has affirmed the government's commitment to accelerating the development of the National Food, Energy, and Water Production Centre (KSPEAN) in South Papua. Key steps include finalising the province's 2025-2029 spatial plan and strengthening cross-sector coordination. The ministry also stressed the importance of active communication with indigenous landowners to ensure the strategic project proceeds inclusively and sustainably.

Pertamax Price Hike: Electric Motorcycle Industry Boss Gives Unexpected Response

The chairman of Indonesia's electric motorcycle association sees the recent Pertamax fuel price increase as a potential catalyst for accelerating electric vehicle adoption. He argues that rising fuel costs and the government's subsidy burden signal a need for consumers to shift towards more efficient transport, while also calling for certainty on planned purchase incentives to boost market growth.

Kuwait Intercepts Iranian Attack, Closes Airspace Amid Escalating US-Iran Tensions

Kuwait's military intercepted hostile aerial targets and temporarily closed its airspace following an attack launched from Iran. The incident occurred after the United States conducted strikes on Iranian military sites, which Washington described as self-defence. The escalating hostilities between the US and Iran have heightened regional instability, with Tehran threatening a devastating response.

ESDM Explains Reasons Behind Non-Subsidised Fuel Price Hike

Indonesia's Ministry of Energy and Mineral Resources has stated that the recent increase in non-subsidised fuel prices was unavoidable due to market mechanisms. The government emphasised it is maintaining subsidised fuel prices to protect vulnerable groups and ensure purchasing power. The ministry also assured the public that fuel supplies remain secure.

Revealed! Former Ombudsman Chairman Allegedly Received House in Addition to IDR 1.5 Billion in Southeast Sulawesi Nickel Case

Indonesia's Attorney General's Office has revealed new allegations against former Ombudsman Chairman Hery Susanto, claiming he received a house in addition to IDR 1.5 billion in cash. The alleged gratuities are linked to his suspected role in manipulating an Ombudsman investigation report to favour a mining company, PT Toshida Indonesia, in a dispute over non-tax state revenue. The case has now been transferred to prosecutors for trial.

Ari Bias's Lawsuit Against HW Group Over 'Bilang Saja' Song Dismissed by Central Jakarta Court

The Central Jakarta Commercial Court has dismissed a Rp 4.9 billion copyright infringement lawsuit filed by songwriter Ari Bias against PT Aneka Bintang Gading (HW Group) concerning the song 'Bilang Saja'. The ruling follows a separate, high-profile case where singer Agnez Mo was initially ordered to pay Rp 1.5 billion for performing the same song without permission, a decision later overturned by the Supreme Court.

Accident Victim's Car Looted in West Kalimantan, Spare Tyre and Wing Mirrors Stolen

A Daihatsu Ayla left at the scene of an accident in Sintang Regency, West Kalimantan, was stripped of parts including its spare tyre, battery, and wing mirrors. The owner returned the next day to find the vehicle damaged and looted, reporting losses estimated at Rp30 million. Police have launched an investigation into the alleged theft and vandalism.

ToolGen Inaugurates Advanced Field Trial Facility in Osong, Completing 'Lab-to-Field' Commercialisation Platform for SAF Market

South Korean biotech firm ToolGen has opened a state-of-the-art field trial facility for genome-edited crops in Cheongju, aiming to accelerate the global commercialisation of its CRISPR-based agricultural traits. The facility will generate critical performance data for regulatory submissions and product development, with a strategic focus on non-food industrial crops. The company is targeting the growing global demand for sustainable aviation fuel feedstocks by building a vertically integrated value chain spanning Australia, Southeast Asia, and Europe.

Government assures action to protect chilli farmers' prices and stabilise consumer costs

Indonesia's National Food Agency (Bapanas) has pledged to maintain profitable prices for chilli farmers while stabilising costs for consumers through better distribution and market interventions. The initiative follows reports of large harvests driving farm-gate prices below government purchase reference levels, though some eastern regions still face higher costs. Authorities are coordinating stock mobilisation from surplus areas to regions with volatile prices to ensure a fair balance across the supply chain.

East Jakarta Municipality Repairs Galur Sari Timur Pavement After Revetment Project Damage

The East Jakarta Municipal Government is repairing a 50-metre stretch of pavement on Jalan Galur Sari Timur that was heavily damaged during a river revetment project last year. The works, which began in early May 2026 and have reached 40 percent completion, involve reinforced concrete casting to improve durability. The project also includes drainage system improvements using red brick to prevent theft, with completion targeted for the end of June 2026.

Gold Price Today 11 June 2025: Antam Continues to Slip, Global Commodity Plummets

Indonesian gold miner PT Aneka Tambang (Antam) has reduced its gold price by Rp24,000 to Rp2,689,000 per gram, with the buyback price set at Rp2,395,000. Meanwhile, global spot gold prices declined by 0.2 per cent to US$4,063 per ounce, pressured by a surge in oil prices following new US strikes on Iran.

Concerns Mount Over Migration from Pertamax to Pertalite Following Fuel Price Hike

Indonesia's state energy firm Pertamina has urged consumers to use energy wisely after a significant increase in the price of non-subsidised Pertamax fuel raised fears of a mass switch to the subsidised Pertalite. An economist from CORE Indonesia warned that the widening price gap could accelerate migration, potentially increasing Pertalite consumption by up to 12 per cent in a worst-case scenario and straining national quotas.

KP2MI Revokes One P3MI Licence, Sanctions Two Other Firms

Indonesia's Migrant Worker Protection Ministry (KP2MI) has revoked the operating licence of PT Putra Timur Mandiri and imposed sanctions on two other placement firms for serious procedural violations. The actions underscore the government's commitment to enforcing safe and lawful recruitment processes. One firm must also refund nearly one billion rupiah in unpaid fees to 14 prospective workers.

Customs and Excise Revenue Records Positive Growth, Reaching Rp 100.6 Trillion up to April 2026

Indonesia's customs and excise revenue recorded a positive turnaround, reaching Rp 100.6 trillion by April 2026, contributing 29.9 per cent to the state budget. The growth was driven by increases in import duties and excise, particularly from LPG imports, project needs, and higher cigarette production. Beyond revenue, customs officials also intensified their enforcement role, seizing 684 million illicit cigarettes and 3.31 tonnes of narcotics.

Ministry of Creative Economy and IDX Open Capital Market Access for Creative Industry Players

Indonesia's Ministry of Creative Economy and the Indonesia Stock Exchange (IDX) have agreed to collaborate, aiming to broaden funding access for creative economy players through the capital market. The initiative seeks to help creative businesses, which attracted Rp183 trillion in investment in 2025, to scale up and potentially list on the exchange. The IDX has welcomed creative players to participate as investors or to raise funds through public listings.

BNPB Deploys One Tonne of Salt for Cloud Seeding to Combat West Aceh Forest Fires

Indonesia's National Disaster Mitigation Agency (BNPB) has dispersed one tonne of salt into the skies over West Aceh Regency as part of a Weather Modification Operation. The cloud seeding effort aims to induce rainfall to help extinguish ongoing forest and land fires and mitigate extreme weather risks. Local authorities are coordinating with meteorology and climatology agencies to monitor the operation's effectiveness.

Iran Launches 12 Missiles at US Fighter Jets in Jordan

Iran reportedly launched 12 ballistic missiles targeting US military assets, including F-35, F-15, and F-16 fighter jets, at Muwaffaq Salti Air Base in Jordan. The attack follows US President Donald Trump's threats of large-scale strikes against Tehran, amidst accusations that Iran is stalling negotiations. Iranian forces are on high alert, with state media indicating retaliatory strikes against US targets across the Middle East have commenced.

Rupiah Slumps, IHSG Staggers: Treating the Root, Not Just the Symptoms, An Islamic Economic Solution

As the rupiah hit a historic low and the IHSG plunged, Indonesia's financial markets experienced dramatic volatility in June 2026. A surprise BI rate hike triggered a sharp relief rally, but economists warn that this only addresses symptoms, with deep-rooted structural issues like capital flight, fiscal trust deficit, and extreme inequality remaining unresolved. This piece argues for systemic solutions beyond monetary tools, including an Islamic economic perspective.

New North Korean Ambassador Speaks Fluent Indonesian: Friendship Runs Deep

President Prabowo Subianto accepted the credentials of nine new ambassadors at the Merdeka Palace, with North Korea's new envoy catching attention by delivering his remarks in Indonesian. Hong Kwang Il highlighted the 62-year diplomatic relationship between the two nations, emphasising that traditional friendship is deeply rooted in the hearts of both peoples. He pledged to further strengthen and expand bilateral cooperation and friendly relations during his tenure.

Pekanbaru Airport Adds International Flight Route to Melaka

Sultan Syarif Kasim II International Airport in Pekanbaru, Riau, has inaugurated a new direct flight route to Melaka, Malaysia, operated by Wings Air three times weekly. The expansion is aimed at boosting foreign tourist mobility and stimulating the local tourism sector and economy. The airport now serves three international routes, including Kuala Lumpur and Singapore.

Student Attackers Arrested During School Exam in West Jakarta

Two vocational school students were arrested while sitting an exam for their alleged involvement in a machete attack on a fellow student in Palmerah, West Jakarta. The victim received seven stitches for a shoulder wound, and police say the attackers and victim were not acquainted. Investigations continue, with proceedings against one minor suspect to follow child protection laws.

Health Ministry Lauds Central Java's Mobile Specialist Doctor Programme

The Ministry of Health has commended Central Java for achieving the highest national participation rate in the Free Health Check (CKG) programme, with over 10 million residents served. Governor Ahmad Luthfi attributed the success partly to the province's Mobile Specialist Doctor (Speling) initiative, which deploys doctors to remote villages. The programme integrates with CKG to provide free specialist services, including screenings for tuberculosis, cervical cancer, and mental health, directly at the village level.

Indonesia and Russia Strengthen Strategic Industrial Cooperation via BRICS

Indonesia and Russia have moved to deepen strategic industrial cooperation during a bilateral meeting on the sidelines of the BRICS PartNIR Forum in Xiamen, China. Industry Minister Agus Gumiwang Kartasasmita emphasised the importance of the forum and welcomed Russia's support for Indonesia's BRICS membership. The two nations are exploring mutually beneficial partnerships in new industries, technological innovation, and downstream processing.

PT DSI and the New Test for Indonesia's ECA

The establishment of PT Danantara Sumberdaya Indonesia (DSI) marks a significant shift in Indonesia's export governance for strategic commodities, but it also raises questions about the nation's trade protection ecosystem. The article argues that Indonesia's Export Credit Agencies, ASEI and LPEI, must urgently adapt their roles beyond mere administration to provide integrated risk mitigation for the new single-door export policy. Full implementation is set for 1 January 2027, leaving a crucial six-month window for strengthening financing, guarantees, and insurance for commodities like CPO, coal, and ferroalloy.

Jakarta Film Commission expected to drive advancement of film industry

Organisers of the Jakarta Millennial Film Festival hope that the newly established Jakarta Film Commission will become a key milestone in advancing Indonesia's film industry. The commission is expected to provide tangible support for filmmakers and help position Jakarta as a 'cinema city'. The move is seen as a strategic effort to strengthen the film ecosystem and boost Indonesia's standing in the global film industry.

Dinosaur-Killing Asteroid Created a Microbial Haven for 8 Million Years

A new study reveals that the asteroid impact which wiped out the dinosaurs also generated a vast sub-surface hydrothermal system lasting at least 8 million years, far longer than previously thought. Researchers dated minerals from the Chicxulub crater to confirm the sustained, warm, wet environment that supported microbial life. The findings challenge understanding of Earth's history and provide insights for the search for life on Mars.

BPK Civil Servant Titin Detained by KPK in Bribery Case: 'My Superiors Are Tiered'

Indonesia's Corruption Eradication Commission (KPK) has detained Titin, a civil servant at the Supreme Audit Agency (BPK), and private party Augus Dwianggara in connection with an alleged bribery case linked to audit findings on procurement projects in Muara Enim Regency. Titin protested her detention, claiming she was merely a subordinate and that her superiors operate in a hierarchical structure. The KPK is set to release full details of the case, which also implicates the Muara Enim Regent and a local education official.

Welcoming Muharram: Is the Night of One Suro a Superstition Contrary to Islam?

As the Islamic New Year begins, a theological discussion emerges in Indonesia regarding the Javanese tradition of Malam 1 Suro. While the month of Muharram holds high sanctity in Islam with recommended worship, many associated Javanese rituals and myths are viewed as lacking scriptural basis. The debate centres on aligning cultural practice with the Islamic teaching to fill the sacred month solely with piety and good deeds.

Indonesia Plundered: Earth Stripped, Environment Wrecked, Dollars Smuggled Abroad

Senior economist and former minister Fuad Bawazier has called for the strict enforcement of Article 33 of the constitution to revive Indonesia's economy, arguing the nation's natural wealth is being systematically looted. He contends that returning control of strategic resources to the state, as practised during the Soeharto era, is essential for strengthening foreign reserves and stabilising the rupiah. Fuad highlighted the proliferation of illegal mining and unreported palm oil plantations as evidence of rampant theft, which he linked to stagnant economic growth and a weakening tax ratio.

East Lampung Robbery Viral on Dashcam, Suspects Surrender

Two suspects in a violent robbery in East Lampung, which went viral after being recorded on a car's dashcam, have turned themselves in to the police. The incident occurred on a main road in Sukadana on Monday morning, where the victim was forced to stop their vehicle. The suspects, one of whom is a minor, are now in custody.

Indonesia and Russia strengthen strategic industrial cooperation at BRICS PartNIR

Indonesia and Russia have agreed to deepen strategic industrial collaboration during the BRICS PartNIR forum in Xiamen, China. The bilateral meeting explored opportunities in new industrial sectors, technology innovation, and supply chain development, while also highlighting Indonesia's upcoming role as partner country at INNOPROM 2026 in Ekaterinburg.

Zulhas Chairs Coordination Meeting on Free Nutritious Meals, Cak Imin and Nanik S Deyang Attend

Coordinating Minister for Food Zulkifli Hasan led a closed-door coordination meeting on the free nutritious meal programme, just days after the new Head of the National Nutrition Agency was installed. The meeting included key ministers and focused on meal quality and nutritional service units following a recent corruption scandal involving the agency’s former leadership.

Enjoy PKB and BBNKB Administrative Sanction Waiver Programme at the PRJ Samsat Outlet

The DKI Jakarta Provincial Government is offering a waiver on administrative sanctions for Vehicle Tax (PKB) and Vehicle Title Transfer Fees (BBNKB) from 1 June to 31 August 2026 to mark the city's 499th anniversary. A dedicated Samsat outlet has been set up at the Jakarta Fair (PRJ) to allow visitors to pay their vehicle taxes conveniently. The initiative aims to ease the financial burden on taxpayers while boosting regional revenue compliance and public service funding.

Dasco: Rupiah to Strengthen Next Week, Advises Selling Dollar Holdings

House Deputy Speaker Sufmi Dasco Ahmad has claimed the rupiah will appreciate against the US dollar next week, urging citizens holding dollars to sell them. He cited confidential government information about special strategies being prepared, while Finance Minister Purbaya Yudhi Sadewa separately expressed optimism that the currency would gradually strengthen in the second half of 2026 due to improved foreign exchange supply.

Three Impacts on Consumers from the Pertamax Price Hike

The Indonesian Consumers Foundation (YLKI) has warned of three major repercussions for consumers following the increase in non-subsidised Pertamax fuel to Rp 16,250 per litre. These include a potential mass migration to subsidised Pertalite, a decline in middle-class purchasing power due to inflationary pressures, and consumer losses stemming from the sudden price announcement.

MyPertamina Targets User Growth with Promotions Running until July 2026

PT Pertamina Patra Niaga is rolling out extensive promotions on its MyPertamina app from June to July 2026 to boost user numbers. The initiative features cashback offers, double and triple loyalty points on fuel purchases, and special deals from banking and digital payment partners. The programme is designed to reward customer loyalty whilst driving adoption of the company's digital transaction ecosystem.

Astra International Reports 182,000 Unit Vehicle Sales Up to May

PT Astra International Tbk booked wholesale vehicle sales of 182,136 units from January to May 2026, a 5.73 per cent increase year-on-year, securing a 50.73 per cent national market share. Toyota and Lexus led the group's sales, while the Low Cost Green Car segment saw a nearly 20 per cent decline compared to the same period last year. The firm reiterated its commitment to providing relevant mobility solutions amidst evolving market dynamics.

Rupiah Strengthens to Rp17,941 per US Dollar, These Are 5 Triggering Factors

The Indonesian rupiah strengthened slightly against the US dollar on Thursday morning, buoyed by easing fiscal concerns and increased domestic asset appeal. Declining global oil prices and a fuel price adjustment have helped alleviate fiscal pressure, while Bank Indonesia's recent rate hike is making rupiah assets more attractive to investors.

Pramono Allows Use of Jakarta Government Facilities for World Cup Screenings, Provided They Do Not Disrupt Work

Jakarta Governor Pramono Anung has permitted the use of provincial government facilities for public screenings of World Cup matches. He stressed the events must not disrupt the working hours of civil servants or the general public, as most matches are scheduled between 9 AM and 11 AM Western Indonesian Time. The governor noted the tournament holds additional appeal given the current geopolitical climate.

Sun Life Asia Financial Resilience Index: Financial Security Declines Amid Cost of Living Pressures

A Sun Life Asia index reveals financial resilience in the region has fallen sharply as surging living costs erode household budgets. Only a quarter of respondents are considered financially resilient, with many sacrificing long-term stability to manage daily expenses. The study highlights that stronger financial literacy significantly boosts confidence and optimism despite the challenging economic climate.

Home Affairs Minister Appreciates Indonesia-UK Partnership at King Charles III's Birthday Celebration

Home Affairs Minister Tito Karnavian highlighted the deep historical, economic, and environmental ties between Indonesia and the United Kingdom during a celebration for King Charles III's 78th birthday. He noted that the relationship spans government-level cooperation as well as personal connections between leaders, including recent environmental commitments made by President Prabowo. Tito also reflected on personal educational ties and historical scientific legacies like the Wallace Line.

NTT Police Handle Four Trafficking Cases and Foil Foreign Smuggling to Australia

Police in East Nusa Tenggara (NTT) are handling four human trafficking cases involving child exploitation and illegal migrant workers, while simultaneously foiling an attempt to smuggle nine Uzbek nationals to Australia. The operations, conducted between January and June 2026, underline the region's vulnerability as a transit point for people smuggling. Authorities have arrested suspects, seized evidence, and repatriated foreign nationals as part of a broader crackdown.

Dasco Reveals Government Strategy to Strengthen Rupiah Next Week, Urges Public to Sell Dollars

Deputy Speaker of the Indonesian House of Representatives, Sufmi Dasco Ahmad, has disclosed that the government is preparing a special strategy to bolster the rupiah starting next week. Dasco advised the public to consider selling their US dollar holdings, expressing confidence that the currency will strengthen in the near term. The rupiah opened weaker against the US dollar in today's trading, quoted at Rp 17,959 per dollar.

DPLK Syariah Muamalat manages pension funds for 958 companies as of May

Sharia pension fund manager DPLK Syariah Muamalat has expanded its corporate client base to 958 companies, adding 101 new firms over the past year. Total assets under management grew 12% year-on-year to IDR 2 trillion, while individual participants exceeded 125,000. The institution reported robust investment returns across its sharia-compliant portfolios, with its equity-linked package delivering a 25.16% yield.

Cigarette Packaging Standardisation Must Be Finalised Before July for Child Protection

The Lentera Anak Foundation urges the Health Ministry to swiftly finalise regulations on standardised tobacco packaging ahead of the July 2026 deadline, arguing the current designs target children. The proposed ministerial regulation mandates uniform packaging colours and 50 percent pictorial health warnings to curb youth smoking initiation. However, the policy faces stiff opposition from local governments, parliament, and industry groups citing constitutional rights and economic impacts.

Iran Closes Strait of Hormuz and Threatens to Attack All Ships

Iran has officially closed the Strait of Hormuz and warned that any vessel attempting to transit the strategic waterway will be targeted. The move follows escalating military confrontation with the United States, including US airstrikes on southern Iran and an Iranian missile attack on a US airbase in Iraq. The closure threatens to disrupt global energy trade and further destabilise the region.

Pramono says bus shelter aid from other regions will strengthen Transjabodetabek

Jakarta Governor Pramono Anung Wibowo has welcomed offers from neighbouring local governments to build or renovate bus shelters, arguing the improved facilities would primarily benefit their own residents. He stressed he does not wish to dispute subsidy contributions with buffer zones, preferring instead to focus on improving inter-regional transport services. However, the Jakarta administration will proceed with tariff adjustments on certain routes, including Blok M-Soekarno Hatta, to manage the significant subsidy burden.

Expert: BPA from Reusable Gallon Containers May Be Linked to Early Puberty

An Indonesian medical expert has warned that exposure to Bisphenol A (BPA) from reusable gallon containers and food packaging can disrupt hormones and contribute to early puberty in children. The condition not only accelerates physical development but also raises long-term risks of psychosocial issues and various diseases. Experts are urging families to control environmental factors, including limiting exposure to endocrine-disrupting chemicals.

Indonesian Consumer Confidence Suddenly Drops: What Is Happening?

Bank Indonesia's Consumer Survey for May 2026 reveals a dip in consumer confidence, with the index falling to 120.9 from 123.0 in April, marking its lowest point since September 2025. The decline was driven by weaker assessments of current income, job availability, and economic conditions, coinciding with pressure on the rupiah and the stock market. The data signals growing public caution regarding household finances and the broader economic outlook.