Indonesian Political, Business & Finance News

Archive: 11 June 2026

Showing 1,301-1,350 of 1,603 articles

Bandung Zoo Gets New Operator, Set to Reopen to Public Soon

The Bandung city government has officially appointed PT Faunaland Ancol as the new operator of Bandung Zoo following a transparent tender process. The selected operator is required to pay an initial contribution of IDR 4.3 billion and prioritise conservation, animal welfare, and public interest. A transition period will soon commence to revitalise the area and prepare for the zoo's reopening.

Central Java DPRD Speaker Denies Involvement in Free Nutritious Meal Corruption: 'I Do Not Know Sony Sanjaya'

The Speaker of the Central Java Regional House of Representatives (DPRD), Sumanto, has strongly denied any involvement in the alleged corruption of the Free Nutritious Meal programme (MBG). His denial comes after his name appeared on a viral social media list of officials supposedly connected to the scandal. He stated he has never met or communicated with former Deputy Head of the National Nutrition Agency, Sony Sonjaya, who has been named a suspect.

Green Investment and Attractive Return Potential in Insight Renewable Energy Fund

The Insight Renewable Energy Fund, a fixed-income mutual fund, reported a one-year return of 8.25% as of June 2026, demonstrating that sustainable investments can deliver competitive financial performance. The fund integrates ESG principles by investing in corporate bonds while channelling a portion of profits into renewable energy initiatives, such as the 'Desa Energi Insight' programme in East Nusa Tenggara and Lampung. It offers investors a professionally managed portfolio that combines the pursuit of stable returns with direct support for Indonesia's green economic transition.

House Commission IX Supports BGN Moratorium on SPPG Construction

The Indonesian House of Representatives' Commission IX has endorsed the National Nutrition Agency's (BGN) decision to halt the construction of new nutrition fulfilment service units (SPPG) for the Free Nutritious Meals programme. The moratorium is viewed as a prudent measure to enhance programme quality and a responsible fiscal strategy amid state budget pressures. The focus will now shift from expanding the beneficiary count to targeting vulnerable groups and improving governance.

House Denies BI Losing Independence in P2SK Law Revision

The House of Representatives has refuted claims that the revision of the Financial Sector Development and Strengthening Law (P2SK) would strip Bank Indonesia of its independence. A House deputy chairman stated the amendments merely add mandates for the central bank to consider real sector growth and job creation, aligning it with other global central banks. The revision does not include provisions for the arbitrary dismissal of the BI governor, he stressed.

Pramono Offers Private Sector Management of Land in Jakarta's 'Golden Triangle': A Premium Asset

Jakarta Governor Pramono Anung has inspected a 2.4-hectare plot of land in the city's Golden Triangle, declaring it a premium asset to be developed without using the regional budget. The site, located between Casablanca and HR Rasuna Said streets, is planned for an integrated complex featuring MICE facilities and apartments. Seven parties have already expressed interest ahead of an open tender process, with a developer partner expected to be selected by August 2026.

Jakarta Legislator: End of Open Dumping a Momentum for Waste Governance

A senior Jakarta councillor has warned that the city faces a significant challenge ahead of the August 2026 deadline to cease open dumping practices. Yuke Yurike stressed that a comprehensive approach from upstream to downstream is essential, as the Bantargebang landfill's capacity dwindles. She also highlighted the need to optimise existing facilities and accelerate public behavioural change in waste sorting.

House Commission I Deputy Speaker: Handling Street Crime Remains Police Authority

A senior Indonesian parliamentarian has clarified that tackling street crime such as armed robbery remains the primary legal domain of the National Police, following remarks by the Army Chief of Staff. While acknowledging the public deterrent effect of military presence, he stressed any TNI involvement must be a measured assistance operation under clear coordination to avoid jurisdictional overlap. He also called for enhanced preventive measures and inter-agency collaboration to effectively ensure public security.

Iran Targets 18 US Military Assets in Kuwait and Bahrain, Vows Confrontation 'Until the Last Breath'

Iran's Islamic Revolutionary Guard Corps (IRGC) has identified 18 US military assets in Kuwait and Bahrain as targets amid escalating regional tensions. Iranian military forces confirmed attacks on a Patriot system and communication facilities belonging to the US Fifth Fleet in Bahrain, launching drones in retaliation for alleged US strikes on southern Iran. Tehran also reported missile attacks on the US's Harir Airbase in northern Iraq and strikes on radar sites and vessels in the Strait of Hormuz, vowing to fight until 'the last breath'.

Gapki Warns of Palm Oil Market Loss Risk from Single-Door Export Policy

The Indonesian Palm Oil Association has cautioned that the government's new single-door export policy through PT Danantara Sumber Daya Indonesia risks undermining national competitiveness if implemented prematurely. They argue unprepared regulations and systems could drive international buyers towards alternative vegetable oils. Industry players are urging the government to use the transition period until early 2027 to refine technical rules and guarantee business data confidentiality.

Widening Price Gap Raises Fears of Pertamax Users Switching to Subsidised Pertalite

A significant price gap between non-subsidised Pertamax and subsidised Pertalite fuel could accelerate consumer migration, an economist has warned. This shift threatens to increase the government's energy compensation burden by up to Rp17 trillion. Authorities are now focused on managing distribution and preventing supply pressures at the pump.

The 51 Nations Destroying Gaza

An Al-Jazeera investigation reveals a global network of 51 countries and autonomous territories linked to military supply chains for Israel during the Gaza war. The probe analysed Israeli import data, finding the United States and India were the largest suppliers, with significant shipments continuing even after the International Court of Justice warned of a risk of genocide. The findings illustrate how modern conflict is sustained by a sprawling international web of manufacturers, exporters, and trade routes.

British Ambassador Encourages Russell Group Campus to Open in Jakarta Soon

The British Ambassador to Indonesia, Dominic Jermey, has expressed his hope that a campus from the elite Russell Group will soon be established in Jakarta. This initiative, supported by President Prabowo, aims to broaden access for young Indonesians to world-class higher education without leaving the country. The UK is also reopening the fully funded Chevening scholarship programme for Indonesian master's students this July.

Indonesian Parliament Members Strengthen Fisheries and Downstreaming Cooperation with Vietnam

Indonesian parliamentary delegates, led by Deputy Speaker Dave Laksono, held follow-up meetings in Ho Chi Minh City to boost bilateral cooperation with Vietnam, focusing on fisheries production and downstream processing. The discussions explored technology transfer, export market expansion, and investment to enhance the competitiveness of Indonesia's national fishing industry. The initiative aims to transform Indonesia's marine resources into higher-value economic assets, ensuring broader benefits for coastal communities and fishermen.

House Commission III: Success of New Police Law Depends on Quality of Human Resources

A member of Indonesia's House of Representatives has stated that the successful implementation of the newly passed Police Law hinges on the quality of the human resources executing it. The legislator emphasised the need for a paradigm shift within the police force towards substantive justice and public accountability. The revised law includes enhanced external oversight mechanisms and aims to strengthen public trust in the institution.

Danantara launches dollar bond targeting $1 billion amid investor concerns

Indonesia's sovereign wealth fund Danantara has launched a US dollar bond offering, split into five- and ten-year tranches each targeting $500 million. The issuance comes at a challenging time for Indonesia, with investor confidence shaken by a weakening rupiah and President Prabowo's populist policies. Proceeds from the bond, rated investment grade, will be used for general corporate purposes and refinancing.

Criminal Investigation Unit Reveals Role of Former OJK Executive in Dana Syariah Indonesia Case

The Indonesian National Police's Criminal Investigation Unit (Bareskrim) has named a former high-ranking official from the Financial Services Authority (OJK) as a new suspect in a fraudulent investment case involving PT Dana Syariah Indonesia. The suspect, identified as FH, allegedly served as a founder and advisor for the firm and was aware of fictitious projects used to solicit funds. The case has reportedly caused losses of IDR 2.4 trillion, affecting approximately 15,000 lenders.

Moment Child in Central Jakarta Bullied and Electrocuted, Two Perpetrators Immediately Fled

A six-year-old boy in Senen, Central Jakarta, was bullied and forced against a leaking electrical pole, causing him to be electrocuted and lose consciousness. The incident was captured on CCTV, showing two teenagers dragging the victim before fleeing the scene. The victim's family has reported the case to the police and is demanding the perpetrators be apprehended.

Plane Stopped on I Gusti Ngurah Rai Runway, Interpol Fugitive Aboard

Immigration officers at Bali's I Gusti Ngurah Rai Airport prevented the departure of a private jet after discovering an Australian fugitive on board. The 55-year-old man, a high-ranking figure in a transnational organised crime gang, was attempting to flee to Mozambique using a forged Brazilian passport. He has since been detained, barred from Indonesia for life, and deported to Australia to face charges.

BNI Adjusts Strategy to Address Impact of BI Rate Hike on Credit Demand

State-owned lender BNI is recalibrating its business strategy in response to a 25-basis-point increase in the benchmark interest rate. The bank is bolstering its digital transformation, risk management, and governance to maintain healthy credit growth. Management views the Bank Indonesia rate hike as a necessary measure to safeguard macroeconomic stability and bolster investor confidence.

Human Rights Minister Pigai Non-Committal on Light Sentences in Andrie Yunus Acid Attack Case

Human Rights Minister Natalius Pigai declined to comment on the relatively lenient military court sentences handed down to four soldiers convicted in the acid attack against human rights activist Andrie Yunus citing unfamiliarity with the verdict. The Military Court II-08 in Jakarta sentenced the four defendants to between 18 months and three years in prison for the premeditated assault. The verdict remains subject to appeal as both prosecutors and defendants consider their next steps.

Umrah Ministry to Accredit All Travel Agencies Following Surge in Fraud

The Ministry of Hajj and Umrah plans to accredit all Umrah travel agencies in response to a high-profile fraud case involving Hanania Travel. Minister Muhammad Irfan Yusuf stated that mediation between the company and victims failed, leading the matter to be reported to the police. Authorities revealed that customer funds were allegedly misused for other purposes, including payments to influencers.

Fate of Crypto Tycoon Now Rests in Donald Trump's Hands

Sam Bankman-Fried, the former CEO of FTX, has formally submitted a pardon request to US President Donald Trump as he serves a 25-year federal sentence for massive fraud. The application, recorded by the Department of Justice, seeks a pardon after the completion of his sentence. Trump had previously indicated he did not intend to pardon the disgraced crypto founder.

Huawei Launches "AHEAD" Programme, Building a Mutually Beneficial New Ecosystem for Education and Healthcare

Huawei has launched the 'AHEAD' programme at its Global Education & Healthcare Partners Convention 2026, aiming to forge a high-quality, sustainable ecosystem through AI-driven transformation. The initiative shifts from an infrastructure focus to an integrated global partnership model built on six pillars of collaboration. Over 500 global participants discussed leveraging artificial intelligence to improve global access to quality education and optimise healthcare services.

Pramono opens possibility of adding free public transport beneficiary categories

Jakarta Governor Pramono Anung Wibowo has signalled plans to expand the number of groups eligible for free public transport in the capital. He argued the move would create fairer cross-subsidisation, benefiting low-income residents while charging wealthier users slightly higher fares. The administration is also reviewing Transjabodetabek fare adjustments based on distance to ease the public burden.

Health Professional Competency Tests and Best Practices from Other Countries

The mandatory competency test for health graduates in Indonesia was designed to protect public safety but may have evolved into an administrative barrier. This article questions whether the current system fairly assesses professional readiness or merely delays graduates' entry into the workforce. The author calls for a review of the test's design and its disproportionate burden on students.

DPR Commission XIII: 6,110 Legal Aid Posts in North Sumatra a Manifestation of State Presence

Commission XIII of the Indonesian House of Representatives has stated that the 6,110 Legal Aid Posts inaugurated in North Sumatra demonstrate the state's commitment to providing legal access for the public. These posts, supported by trained paralegals, aim to help ordinary citizens who often fear legal processes due to a lack of knowledge, funds, or understanding. Officials are urging the government to ensure routine training for village officials and local apparatus so they can offer proper initial guidance and resolve disputes at the community level.

Norwegian Professor: Stop Dreaming of Bringing Russia to Its Knees

A Norwegian academic has warned that attacks on Russian territory will not force Moscow into surrender, arguing such moves only risk escalating tensions with the West. Glenn Diesen of the University of South-Eastern Norway stated that the belief that damaging Russia will lead to its defeat does not reflect reality on the ground. The comments come as Russia continues to criticise Western military and financial support for Ukraine, which it argues only prolongs the conflict.

Three Indonesian Army Soldiers Allegedly Stab Four Brimob Officers in Labuan Bajo

Three Indonesian Army (TNI AD) soldiers have allegedly stabbed four members of the Mobile Brigade Corps (Brimob) during a party in Labuan Bajo, West Manggarai, East Nusa Tenggara. The victims are currently receiving treatment at Siloam Hospital for stab wounds to the chest, back and ribs. The suspects have been detained at the local military district command headquarters while investigations continue.

Diverging Fates for Asian Currencies: Rupiah and Ringgit Tumble, Yen Strengthens

Most Asian currencies weakened against the US dollar on Thursday, with the Indonesian rupiah and Malaysian ringgit among the fallers, pressured by geopolitical tensions and hawkish Federal Reserve expectations. The Thai baht led the region's gainers as US inflation data and renewed conflict in the Middle East kept currency markets volatile. The rupiah edged closer to the psychological level of 18,000 per dollar, highlighting the limited room for appreciation for regional currencies.

Iran Issues Stern Threat Following Latest US Strikes

Iran's military has vowed a 'devastating and decisive' response to any American aggression after the United States launched a new wave of strikes targeting Iranian military infrastructure. US Central Command described the attacks on reconnaissance, communication, and air defence sites as self-defence against unprovoked Iranian aggression, following the downing of an American Apache helicopter over the Strait of Hormuz. Iranian media subsequently reported retaliatory strikes by Tehran’s forces against the US Fifth Fleet headquarters in Bahrain.

Minister Pigai on Viral School Demolition in NTT for Village Cooperative: Not Allowed

Human Rights Minister Natalius Pigai has condemned the reported demolition of a primary school in East Nusa Tenggara to make way for a village cooperative project, asserting that education must not be sacrificed. He pledged to investigate the incident through his regional offices, despite not yet receiving official confirmation. The military has since denied the demolition, claiming the cooperative is being built behind the school and only a pole was temporarily shifted for machinery access.

Bank Indonesia Confident Rupiah Will Strengthen to Rp16,800–Rp17,500 per US Dollar in 2027

Bank Indonesia projects the rupiah will strengthen to a range of Rp16,800–Rp17,500 per US dollar in 2027, as outlined in the government's Macroeconomic Framework and Fiscal Policy Principles. Governor Perry Warjiyo cited five key factors underpinning this forecast, including improved global economic prospects, strong domestic fundamentals, and new resource export policies. The central bank also emphasised its commitment to using all available instruments to maintain exchange rate stability.

Sinar Mas Land and Dairyland to Present 3.8-Hectare Farm-Themed Destination at Hiera, BSD City

Sinar Mas Land, in partnership with Dairyland, has announced plans for a 3.8-hectare farm-themed leisure and educational destination named Dairyland at Hiera BSD. The project, formalised through an agreement between PT Sinar Mitbana Mas and PT Wisata Sapta Pesona, is slated to begin operations by the end of 2028. It aims to become an iconic family destination within the integrated township, enhancing the lifestyle ecosystem of BSD City.

Narrower Zoning Rules Spur Optimism at SMAN 1 Marga for Ending Student Shortage

SMAN 1 Marga in Tabanan, Bali, expects a significant rise in new student admissions for the 2026/2027 academic year after years of enrolment shortfalls. School leaders credit newly narrowed zoning policies and differentiated academic ability test (TKA) standards for redirecting local junior high graduates away from urban schools. With 44 students already registered ahead of the official enrolment period, the school hopes to fill at least six of its 12 planned classes.

Kijing Terminal Officially Handles First Containers, Strengthens Logistics Connectivity in West Kalimantan

The Kijing Terminal in Mempawah Regency, West Kalimantan, has commenced its first container handling operations, marking a significant milestone since its 2022 inauguration as a National Strategic Project. The move, driven by the Pelindo Group, aims to establish the port as a modern logistics hub for the region. This initial service involved unloading 70 empty containers, with the terminal recording a positive throughput of approximately 1.5 million tonnes in the first quarter of 2026.

KPK Examines Non-Active Muara Enim Regent Following Follow-Up Sting Operation

Indonesia's Corruption Eradication Commission (KPK) has interrogated the non-active Regent of Muara Enim, Edison, and a private sector employee following a follow-up sting operation. The examination relates to an alleged scheme to manipulate audit findings by the Supreme Audit Agency (BPK) concerning the Muara Enim Regency Government. The case has expanded to ensnare several BPK civil servants, marking a significant escalation in the investigation.

Seizing the Gleam of Profit in the Gold Buyback Business Amid Economic Volatility

Global economic and geopolitical turmoil has driven a surge in gold prices, boosting Indonesian interest in trading the safe-haven asset. PT Pusat Emas Indonesia has capitalised on this by expanding its gold buyback services, using high-precision XRF machines for purity verification. The company notes that rising gold values and the need for fresh funds during the new school year are key drivers for customers selling their gold.

CPJ Condemns DDoS Attack on Tempo

The Committee to Protect Journalists (CPJ) has condemned a large-scale distributed denial of service (DDoS) attack against Indonesian media outlet Tempo. The cyber assault, which began on 5 June 2026, flooded the site's servers with millions of requests and is believed to be linked to earlier hacks targeting the corruption and online gambling reporting. Tempo's technology team traced the source of the attacks to multiple countries, including Colombia and the United States.

AGO Seizes Phones and Laptops After Searching Six Locations in Free Nutritious Meal Case

The Attorney General's Office has seized electronic evidence, including mobile phones and laptops, after raiding six locations linked to alleged corruption in the Free Nutritious Meal programme. The investigation targets former top officials of the National Nutrition Agency for mismanagement, including marking up procurement costs for electric motorbikes and other goods. Investigators are currently analysing the seized items to further the criminal probe.

Oil Prices Surge Again as Iran Closes Strait of Hormuz Following Fresh Strikes

Global oil prices climbed sharply on Thursday after Iran closed the Strait of Hormuz in response to additional US strikes on Iranian targets. The blockade of the critical energy transit route, combined with a larger-than-expected drawdown in US crude inventories, has intensified supply fears. Brent crude rose to US$94.68 per barrel while WTI surpassed US$91, as markets priced in heightened geopolitical risk premiums.

Efficiency in Hajj Costs Is Not Just About Numbers

As Indonesia's Hajj costs remain substantial, the focus must shift from mere numerical savings to tangible service improvements for pilgrims. Effective efficiency, rather than simple cost-cutting, should directly convert savings into better infrastructure, transport, health services, and sanitation during the pilgrimage.

West Java PKB to Host PKBFest to Strengthen Service Movement

The West Java chapter of the National Awakening Party (PKB) is set to hold a major event to consolidate its commitment to public service. The gathering will showcase its various social initiatives, including a circular economy food bank, a 250-strong ambulance fleet, and a zakat management body. Party chairman Syaiful Huda emphasised that political power should be an instrument for serving the people.

Krakatau Posco Boosts Youth Awareness on Safety and Digital Security to Drive Sustainable Business

PT Krakatau Posco has launched its Global Volunteer Week 2026 in Cilegon, focusing on educating students about safety, health, environmental issues, and digital security. The initiative, involving over 500 volunteers, aims to foster shared growth with the community rather than solely pursuing business profit. President Director Kim Young Joong emphasised the company's commitment to contributing to the surrounding environment through various educational programmes.

US Strikes Key Facilities in Iran Again Following Trump's Orders

The United States has launched additional self-defence strikes against targets in Iran under the direction of President Donald Trump, escalating military tensions. The Pentagon described the operations as a response to ongoing Iranian aggression, focusing on key facilities. Meanwhile, conflicting claims emerged regarding the closure of the Strait of Hormuz and naval clashes.

Nine Thieves in Cilegon Arrested, Proceeds from Motorcycle Sales Used to Buy Meth

Police in Cilegon, Banten, have arrested nine individuals involved in motorcycle theft rings operating between January and June. Several suspects admitted to using the proceeds from selling stolen vehicles to purchase crystal methamphetamine, while others claimed they did it to meet daily living expenses. Authorities have recovered nine motorcycles and are urging owners of unidentified vehicles to come forward.

West Java's SPMB System Troubles Prompt Extended Data Entry Period for Senior Secondary Schools

The West Java provincial government has extended the deadline for the student mapping data entry (PCMB) following widespread technical problems plaguing the new student admission system (SPMB). The extension aims to ensure all junior secondary school graduates in the province have equitable access to senior high and vocational schools. Officials have also outlined subsequent admission phases to guarantee all students find a placement, even if they are not initially accepted into their chosen institution.

PANRB Ministry Unveils 2026 Performance and 2027 Budget Plan

The Ministry of State Apparatus Empowerment and Bureaucratic Reform (PANRB) has reported progress on bureaucratic transformation for 2026, including poverty alleviation and expanding public service malls. Minister Rini Widyantini outlined a 2027 indicative budget of Rp 348.59 billion to accelerate reform and support Indonesia's OECD accession.

Southeast Sulawesi Weather Forecast: BMKG Warns of Heavy Rain and Strong Winds

The Meteorology, Climatology and Geophysics Agency (BMKG) has warned of potential hydrometeorological disasters across Southeast Sulawesi on Thursday, including flooding and landslides. Heavy rainfall accompanied by thunder and strong winds is expected from midday until the early hours of the morning. Residents in vulnerable areas such as Konawe, South Konawe, and North Buton are urged to be particularly vigilant.

Antam Gold Price Plunges to Rp2.6 Million, Lowest in Five Months

The price of gold bullion produced by state miner PT Aneka Tambang (Antam) fell sharply to Rp2,689,000 per gram on Thursday, marking its lowest level since mid-January 2026. The decline mirrors a global gold rout, with international prices slumping over 4% to a seven-month trough. The buyback price also dropped significantly, further squeezing investors.