Indonesian Political, Business & Finance News

Archive: 11 June 2026

Showing 1,251-1,300 of 1,603 articles

Billion-Rupiah Home of Former Supreme Court Justice Gazalba Saleh Entered into KPK Auction List

Indonesia's Corruption Eradication Commission (KPK) is set to auction a luxury home in Bekasi, West Java, belonging to disgraced former Supreme Court Justice Gazalba Saleh. The property, valued at over Rp6 billion, is among 108 lots of seized assets being sold online on 18 June 2026. The auction forms part of the state's asset recovery efforts following corruption convictions.

Shocking: Heaps of Rubbish, Including Mattresses, Dumped into Cibanten River

Massive piles of household waste, including mattresses, continue to pollute the Cibanten River in Serang City, Banten, despite prior clean-up efforts. A local environmental activist has urged the municipal government to impose strict sanctions on residents who dump rubbish into the river, arguing that community awareness programmes alone are insufficient. The local sub-district head plans to mobilise residents for another mass clean-up event this Saturday.

Rupiah Strengthens Amid Fiscal Sentiment and BI Rate Support

The Indonesian rupiah edged higher against the US dollar on Thursday, supported by easing fiscal concerns and the transmission of Bank Indonesia's recent rate hike. Slower US core inflation data also buoyed investor sentiment, reducing fears of aggressive Federal Reserve tightening. The improved fundamental outlook is expected to further support the domestic bond market.

Pertamina Hulu Mahakam Adds 14 MMSCFD in Gas Production

PT Pertamina Hulu Mahakam has boosted Indonesia's national gas supply by bringing the WPN-6 platform online at the Sisi Nubi offshore field in East Kalimantan. The initial production from two new wells adds 14 million standard cubic feet per day, supporting the government's energy self-sufficiency goals. The achievement marks the fourth platform in the SNB AOI 1-3-5 project to begin production.

Harmonisasi Rancangan Perubahan Permeninveshil tentang Perizinan

The Directorate General of Legislation is harmonising a draft amendment to the Minister of Investment and Downstreaming Regulation concerning risk-based business licensing. The revision seeks to adjust technical and substantial guidelines under the Online Single Submission (OSS) system to reflect practical developments in the field and align with sectoral regulations. This process aims to ensure legal consistency, eliminate regulatory overlap, and strengthen the efficiency and transparency of Indonesia's investment licensing framework to support economic growth.

AGO Urged to Fully Investigate Parties Involved in Free Nutritious Meal Corruption

A regional youth organisation is pressing the Attorney General's Office to thoroughly investigate alleged budget mafia involvement in the Free Nutritious Meal programme. The call follows an ex-official's willingness to become a justice collaborator and reveal 26 names suspected of corrupting the scheme. The group insists on professional, transparent handling while respecting the presumption of innocence.

China Issues Special ID Cards, Not for Its Citizens

China has introduced a dedicated identification card system for humanoid robots to keep pace with rapid technological advancements. The initiative, led by the Ministry of Industry and Information Technology, assigns unique IDs that track a robot's physical wear, battery status, and AI capabilities to aid in maintenance and accountability.

SW Indonesia: IPO is a Process of Corporate Transformation

Amid global economic uncertainty, strong corporate governance is increasingly critical for a successful initial public offering (IPO). Executives from SW Indonesia and the Indonesia Stock Exchange emphasised that IPO preparation is a strategic investment in organisational reform, not merely a share sale. A sound governance framework is viewed as more vital than chasing market momentum.

MPMX strengthens all business lines, targets growth and expansion

PT Mitra Pinasthika Mustika Tbk (MPMX) is reinforcing its operational capabilities and customer service across all business segments to drive sustainable growth. The automotive and transportation services company is also expanding into Timor Leste, having commenced gradual market penetration in May 2025. The strategy encompasses strengthening its motorcycle distribution, insurance, vehicle rental, and used car sales divisions.

Discovery of Suspected Baby Foetus Floating in River Causes Uproar Among Depok Residents

Residents of Cilodong, Depok, were shocked by the discovery of what is believed to be a baby foetus floating in the Kali Bakung river. The foetus, described as being less than a handspan in size with fully formed limbs, was evacuated by police for identification. Authorities have stated the sex of the foetus was not yet visible.

Roy Suryo Claims Jokowi Will Miss Trial, Legal Counsel Denies

Roy Suryo, a suspect in a case concerning allegations of a fake diploma against former President Jokowi, has claimed to have information the ex-president will not attend the trial. Jokowi's legal counsel, Yakup Hasibuan, has firmly denied this, stating his client remains committed to appearing in court to present his diploma. The case dossier has been declared complete by prosecutors, with a formal handover to the court pending.

BPK Civil Servant Denies Receiving Bribe in Muara Enim Case: 'I Was Just an Executor'

Titin, a civil servant and audit team leader at Indonesia's Supreme Audit Agency (BPK), has denied personally receiving bribe money following her arrest in a sting operation related to alleged corruption in Muara Enim regency. She claimed the money was received by her hierarchical superiors. The Corruption Eradication Commission (KPK) detained her and a private individual as part of an ongoing investigation into bribes allegedly paid by the Muara Enim government to cover up audit findings on a smart board procurement project.

Police foil smuggling of 10.8 kg of ketamine at Soekarno-Hatta Airport

Indonesian authorities at Soekarno-Hatta Airport have disrupted an international drug smuggling operation, seizing 10.8 kilogrammes of ketamine with an estimated street value of Rp10.9 billion. A Hong Kong national was arrested as a courier after the drug was discovered concealed in supplement packages inside her luggage. The police are now pursuing another suspect believed to have orchestrated the shipment.

DPP IHSA Ajak Pelaku Usaha Homestay Laksanakan Perizinan Berusaha

The Indonesia Home Stay Association (IHSA) is urging homestay operators nationwide to obtain their Business Identification Number (NIB) ahead of a government verification programme. The Ministry of Tourism, in cooperation with online travel agents, will verify business permits and may delist unlicensed accommodations from platforms starting August 2026. The initiative aims to improve tourism governance, ensure traveller safety, and foster a sustainable business ecosystem.

Economist: Cash Social Assistance Needed to Maintain Purchasing Power Amid Pertamax Price Hike

An economist has called for the Indonesian government to swiftly implement targeted cash social assistance to protect household purchasing power following the significant increase in Pertamax fuel prices. The policy adjustment, viewed as an unavoidable fiscal measure, must be accompanied by robust social safety nets to prevent a deep decline in household consumption. Successful execution of the policy could ultimately lead to improved fiscal health and greater macroeconomic stability.

AGO Searches Six Locations in Free Nutritious Meal Corruption Case, Seizes Documents and Phones

The Attorney General's Office has raided six locations as part of its investigation into alleged corruption within the Free Nutritious Meal programme at the National Nutrition Agency. Investigators seized documents and electronic evidence, including mobile phones and laptops, from the sites. Three former high-ranking officials of the agency were previously named as suspects in the case, which covers the 2025-2026 period.

UMB Holds Green Manufacturing Workshop for the Electronics Industry

Universitas Mercu Buana's Master of Industrial Engineering programme, in collaboration with Universiti Sains Malaysia, held a workshop on green manufacturing readiness for the Indonesian electronics industry at PT JST Indonesia. The event highlighted the shift of sustainability from a voluntary initiative to a market access requirement in global electronics. It was part of the university's impactful campus programme supported by the Ministry of Higher Education, Science, and Technology.

Hundreds of Songwriters Protest, Demand Revocation of LMKN Circular and Faster Royalty Distribution

Hundreds of Indonesian songwriters and musicians demonstrated at the Law Ministry and the National Collective Management Agency (LMKN) office, demanding the revocation of a circular they claim strips collective management organisations (LMKs) of their authority. The protesters argue the circular contradicts the 2014 Copyright Law and paralyses the operational funding of LMKs. They have threatened larger demonstrations if the government fails to respond within two weeks.

Pramono Opens Possibility of Adding More Groups Entitled to Free Public Transport in Jakarta

Jakarta Governor Pramono Anung has signalled plans to expand the number of resident categories eligible for free public transport, alongside an upcoming tariff adjustment for Transjabodetabek services. He stressed that any fare revision would protect lower-income groups through a more targeted cross-subsidy scheme, where wealthier passengers would pay marginally higher fares. While certain long-distance and airport routes will see price adjustments, the governor assured that not all fares would rise steeply and final figures are pending announcement.

Iran Denies Trump's Claim of Ceasefire Request: Pretext to Avoid War!

Iran has forcefully rejected claims by US President Donald Trump that Tehran officials contacted him to request a halt to American attacks. The Islamic Revolutionary Guard Corps (IRGC) labelled the assertion false and a pretext to avoid further military conflict. The denial comes amid escalating regional tensions following a fresh wave of US strikes on southern Iran and retaliatory attacks by Tehran.

Rupiah strengthens as Indonesia's fiscal prospects improve

The Indonesian rupiah strengthened against the US dollar on Thursday, buoyed by easing fiscal concerns and falling global oil prices. The government's decision to adjust Pertamax fuel prices is expected to ease pressure on the fiscal balance, while Bank Indonesia's recent rate hike continues to attract capital. Global sentiment improved after US inflation data suggested energy-driven price pressures may be less severe than feared.

Chilli, Spice and Vegetable Prices Rise in Klungkung Ahead of Galungan

Ahead of the Galungan festival in Bali, prices for chillies, shallots, garlic and several vegetables have risen significantly at Klungkung's Galiran Market, despite officials assuring the public that overall staple food supplies and prices remain stable. Bupati I Made Satria conducted a direct inspection and urged residents not to panic-buy or stockpile goods. Authorities confirmed that while meat and egg prices are normal, chilli prices have surged by up to Rp 10,000 per kilogram.

KPK Questions Muara Enim Regent Edison Following Sting Operation on Five BPK Officials

Indonesia's Corruption Eradication Commission (KPK) has questioned the suspended Regent of Muara Enim, Edison, after conducting a subsequent sting operation that ensnared five civil servants from the national audit board (BPK). The investigation is probing allegations of manipulating BPK audit findings related to the Muara Enim Regency government. KPK continues to develop the case, which initially involved suspected bribery connected to goods and services procurement within the regency's 2025-2026 budget.

Finance Ministry Absorbs Rp 26.3 Trillion from Government Bond Auction

The Indonesian Ministry of Finance raised Rp 26.35 trillion from its latest government bond (SUN) auction, falling short of the Rp 36 trillion indicative target. Total incoming bids dropped to Rp 46.6 trillion from Rp 57.3 trillion in the previous auction, with weighted average yields rising to between 6.65% and 7.42%. The settlement date for the issuance is set for 11 June 2026.

Former Ombudsman Chief Hery Susanto Received House in Nickel Mining Case

The Attorney General's Office has implicated former Ombudsman Chairman Hery Susanto in a corruption case, alleging he received a house and cash in return for issuing a favourable report for a nickel mining company in Southeast Sulawesi. Susanto is accused of unlawfully influencing state revenue collection processes, including issuing a corrective letter that allowed a company to recalculate its own dues. The suspect and evidence have been transferred to the South Jakarta Prosecutor's Office for trial.

Oil Prices Soar After Iran Shuts Hormuz Strait Again, Threatening Global Supply

Global oil prices surged by more than 2 per cent after Iran announced the immediate closure of the Strait of Hormuz to all maritime traffic, including oil tankers. The move by Iran's Islamic Revolutionary Guard Corps follows new US military strikes on Iranian territory, escalating tensions further. The closure of the critical chokepoint threatens to severely disrupt global energy supplies.

Mahout Moved to Tears by Birth of Sumatran Elephant Calf in Tesso Nilo National Park

The unexpected birth of a female Sumatran elephant calf has brought joy and surprise to staff at Tesso Nilo National Park. The calf’s mahout, Erwin, said he was overwhelmed with emotion because previous ultrasound scans had not detected the pregnancy. Park officials described the healthy birth as a precious gift for Sumatran elephant conservation.

Nagan Raya Government Requests Central Government to Accelerate Construction of 647 Permanent Homes

The Nagan Raya Regency administration in Aceh has urged the central government to expedite the construction of 647 permanent houses for flood survivors. The most severe damage occurred in Beutong Ateuh Banggalang District, where two villages were heavily impacted. The National Disaster Management Agency (BNPB) has reportedly committed to commencing the physical construction process soon.

Viral List of Officials Involved in MBG Case, Here's KPK's Explanation

The Corruption Eradication Commission (KPK) has responded to viral social media posts listing state officials, law enforcement personnel, and politicians allegedly involved in the free nutritious meal (MBG) governance case. The anti-graft body confirmed that its leadership is not implicated in any of the circulating lists. The KPK has urged the public to verify information critically before sharing it.

The 'Home Bias' Phenomenon and Extreme Rupiah Depreciation

The extreme depreciation of the Indonesian rupiah against the US dollar can be attributed to the international macroeconomic puzzle of 'home bias', where investors favour domestic assets despite potentially higher returns abroad. This behavioural tendency triggers capital outflows from domestic financial instruments, undermining exchange rate models based solely on economic fundamentals. Policy recommendations to mitigate this include eliminating information asymmetries and removing regulatory barriers to domestic investment.

Outcry in Indonesia after police find toddlers tied up at daycare centre

Indonesian authorities have sparked a national outcry after uncovering systemic physical abuse at a Yogyakarta daycare centre, where police found dozens of toddlers restrained. The government has pledged stricter oversight and regulation of the rapidly growing childcare sector, which currently lacks comprehensive registration and enforcement of staffing standards. The case highlights the urgent need for national reform to protect children in a landscape where many facilities operate without licences or trained caregivers.

Celebrating Jakarta's 499th Anniversary, PKB and BBNKB Fines Automatically Waived

The DKI Jakarta Provincial Government is marking the city's 499th anniversary by automatically waiving administrative penalties on motor vehicle tax (PKB) and vehicle title transfer fees (BBNKB). The policy, effective from 1 June to 31 August 2026, eliminates late payment interest without requiring taxpayers to submit an application. Officials hope the initiative will improve tax compliance and provide financial relief to residents.

Police Investigate Funding Source for Fugitive Gangster in Jogja Student Murder

The Yogyakarta police are investigating who financed the operational expenses of gang members involved in the murder of an 18-year-old student, as the key fugitive responsible for arranging a safehouse in Cilacap has been captured. The liaison, identified as Tian, is a repeat offender who evaded authorities for weeks by moving residences every three days. Three perpetrators were initially arrested in Central Java, while the investigation now centres on whether external parties bankrolled the group or if they pooled their own resources.

KPK detains two suspects in follow-up Muara Enim sting operation

Indonesia's Corruption Eradication Commission (KPK) has detained two more suspects in connection with a graft case in Muara Enim Regency. One of the detainees, a senior auditor from the Supreme Audit Agency's South Sumatra office, claimed she was merely an executor and that her superiors received the illicit funds. The arrests are part of a continuing investigation that previously ensnared the regent and several other officials.

Breaking: JCI Suddenly Drops Over 1%, Is Profit Taking Underway?

The Jakarta Composite Index (JCI) abruptly reversed its early-session gains on Thursday, falling over 1% as volatility gripped the market amid escalating US-Iran tensions and soaring US inflation data. The sudden sell-off broke a two-day winning streak, with the index giving up a 1.82% gain to slide into negative territory. Investor sentiment was rattled by a record 4.2% US annual inflation rate and fresh US military strikes on Iran.

Antam Gold Price Today 11 June 2026: Downward Trend Continues

The price of Antam gold bullion has fallen significantly to Rp2,689,000 per gram, a drop of Rp24,000 from the previous day's level. The buyback price has also declined to Rp2,395,000 per gram. The persistent weakness reflects ongoing bearish pressure in the precious metals market, likely influenced by global market sentiment and the rupiah's exchange rate against the US dollar.

Energy Ministry Prepares Regulation for MCB Switch Conversion to RCBO

The Indonesian Ministry of Energy and Mineral Resources is drafting a ministerial regulation mandating the conversion of conventional Miniature Circuit Breakers to Residual Current Circuit Breakers with Overcurrent Protection. The policy aims to reduce fire incidents caused by electrical short circuits in public buildings and residential areas. The new RCBO devices are considered more sensitive and effective at detecting current leakage.

Indonesia and Russia Strengthen Strategic Industrial Cooperation at BRICS PartNIR

Indonesia and Russia have moved to deepen strategic industrial ties during a bilateral meeting at the BRICS Forum on Partnership on New Industrial Revolution (PartNIR) 2026 in Xiamen, China. Discussions focused on leveraging Indonesia's recent BRICS membership to boost economic resilience and exploring joint opportunities in technology, downstreaming, and supply chain development. The nations also highlighted positive bilateral trade trends, with non-oil and gas trade reaching approximately US$1 billion in the first quarter of 2026.

Motorcycle Gang Member Arrested for Methamphetamine Distribution in West Bandung

A 36-year-old man linked to a Bandung motorcycle gang has been arrested in West Bandung for distributing crystal methamphetamine. Police seized 35.45 grams of the drug and revealed he had circulated over 150 grams using a 'drop-off' system under the direction of a supplier who remains at large. The suspect faces a minimum of five years in prison under Indonesia's narcotics laws.

KPK Names Four Suspects in BPK Auditor Sting, Including Muara Enim Regent

Indonesia's Corruption Eradication Commission (KPK) has named four new suspects, including an active regent and a state auditor, in connection with an alleged bribery case linked to audit findings. The case involves the Muara Enim Regency government's procurement projects, examined by the Supreme Audit Agency (BPK). The suspects were apprehended during a recent sting operation in Jakarta and are now in detention.

Indonesia to build 100 modern rice warehouses: Minister

Indonesia is bolstering its food logistics infrastructure with a Rp5 trillion plan to construct 100 modern rice warehouses equipped with technology to preserve grain quality for up to three years. The initiative, confirmed by Minister Sulaiman, aims to enhance national food stock security and stabilise domestic rice supplies and prices amid reports of quality deterioration in existing Bulog reserves. This strategic expansion of post-harvest capacity is intended to strengthen the country's overall food resilience.

Joint officers clear illegal vessels on Untung Jawa Island coast

Authorities on Untung Jawa Island have relocated several vessels moored improperly along the coastline to improve maritime safety and public order. The operation involved a joint team from the subdistrict, public order agency, transport department and food security service. Officials stated that the persuasive approach and collaboration with boat owners were key to the successful effort.

Dirgakkum Korlantas Officially Changes Hands, Humane Law Enforcement and ETLE Optimisation Become Priorities

The National Police's Traffic Corps (Korlantas Polri) has inaugurated a new Director of Law Enforcement, Kombes Pol Dr. I Made Agus Prasatya, replacing Brigjen Pol Faizal. The new directorate leadership has been tasked with prioritising a humane, transparent, and professional approach to traffic policing. A key focus will be the nationwide optimisation of the Electronic Traffic Law Enforcement (ETLE) system to enhance public compliance and boost Non-Tax State Revenue (PNBP).

South Sumatra Police Chief Opens Musi 2026 Firearms Pre-Op, Commits to Eradicating Illegal Firearms

South Sumatra Police Chief Inspector General Sandi Nugroho has inaugurated pre-operation training for the Musi 2026 Firearms Operation, aimed at tackling the circulation of illegal weapons. He stressed that illegal firearms pose a real threat to public safety and emphasised that the crackdown is not just law enforcement but a core duty to protect communities. The initiative follows the force's seizure of 302 homemade weapons in 2025, underscoring the ongoing severity of the issue in the province.

Graduates from These Degrees Are Threatened by AI, Number 2 Is Highly Sought After by Young People

The World Economic Forum predicts 92 million jobs will be lost to technological advancement, even as 78 million new roles emerge. A Forbes report identifies accounting, communications, marketing, and graphic design as degree subjects most vulnerable to automation. Universities are being urged to overhaul curricula to equip students with skills for an AI-driven economy.

DEN Explores Idle Tank Usage to Achieve 30-Day Minimum Energy Reserve Target, Shuns New Builds

Indonesia's National Energy Council is studying the use of idle storage tanks to bolster the national energy buffer stock as a lower-cost alternative to building new infrastructure. This strategy aims to increase the country's crude oil reserve capacity from the current 18-21 days to at least 30 days. The council is also considering involving the private sector and repurposing state-owned tanks from expired production-sharing contracts to reduce reliance on the state budget.

KPK Detains Two Suspects Linked to BPK Employee Sting Operation

Indonesia's Corruption Eradication Commission (KPK) has detained two individuals, a civil servant from the Supreme Audit Agency (BPK) and a private sector worker, following a sting operation. The arrests are part of an ongoing investigation into a bribery case connected to the procurement of a 'smart board' project in Muara Enim regency. The case involves alleged payments to cover up BPK audit findings, expanding the probe that previously implicated the regent.

Indonesian Navy foils rare earth mineral smuggling in Batam waters

The Indonesian Navy has intercepted a vessel in Batam waters attempting to smuggle strategic raw minerals containing rare earth elements and radioactive substances. The contraband was seized and handed over to law enforcement for further investigation. The operation underscores inter-agency cooperation and maritime vigilance in enforcing national laws.

Antam gold price drops by Rp24,000 to Rp2.689 million per gram this Thursday

The price of gold bullion produced by state-owned miner PT Aneka Tambang (Antam) fell by Rp24,000 on Thursday morning to Rp2.689 million per gram. The buyback price also declined to Rp2.395 million per gram. Transactions are subject to tax deductions under Finance Minister Regulation No. 34/PMK.10/2017.

Google brings Gemini to Chrome in more countries

Google has expanded the integration of its AI assistant Gemini into the Chrome browser across additional countries, including Indonesia. The feature, now available on desktop and iOS, allows users to summarise content, compare tabs, and interact with other Google services directly from the browser's side panel. Access remains unavailable for users in the European Union.