Indonesian Political, Business & Finance News

Archive: 11 June 2026

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Iran Strikes US Radar Sites, Ships, and Military Base in Northern Iraq

Iran launched missile strikes on a US airbase in northern Iraq and targeted American radar installations and vessels in the Strait of Hormuz, according to Iranian state media. The attacks follow US military action against Iran and have prompted Tehran to close the strategic Strait of Hormuz to all commercial and oil tanker traffic. The blockade, which previously caused global energy price spikes affecting Indonesian fuel costs, threatens to disrupt nearly 20 percent of the world's oil and gas distribution.

Mirae Asset Hadirkan Trading Booster, Investor Bisa Dapat Reksa Dana dan Logam Mulia

PT Mirae Asset Sekuritas Indonesia has launched a 'Trading Booster' programme offering cashback in money market mutual fund units and gold bullion prizes to encourage active trading amid market uncertainty. The firm views the current market correction as an opportunity for retail investors to accumulate fundamentally strong stocks, particularly in the banking sector. The initiative also aims to educate investors on portfolio diversification and is complemented by ongoing support from the company's network of investment specialists.

Study Reveals Public Depression Worsens When Corruption is Rife

A new study published in Scientific Reports finds a strong link between perceived government corruption and increased depressive symptoms among the public. The research, based on data from over 8,500 adults in China, indicates that the psychological toll of corruption is more severe for individuals with lower social status. It concludes that anti-corruption efforts could yield significant public mental health benefits beyond improved governance.

Jokowi Camp: Not Surprised, Roy Suryo to Be Detained Soon

Joko Widodo's legal team anticipates the imminent transfer of suspect Roy Suryo to prosecutors over false diploma allegations, asserting the case file is now complete. They suggested a detention may follow as the investigation moves to the next phase, though they stressed the decision rests entirely with investigators. The police had previously declared the dossier complete, paving the way for trial.

Dudung Abdurachman Says Children from Affluent Families May Not Receive Free Nutritious Meals

Chief of the Presidential Staff Office (KSP) Dudung Abdurachman has indicated that the Free Nutritious Meal programme will undergo sharper targeting, excluding children from financially capable families. The refocusing aims to ensure government nutritional interventions reach those genuinely in need, particularly students in less affluent areas. The National Nutrition Agency (BGN) is concurrently reviewing recipient data to realign support away from well-off schools.

Bandung Regency accelerates Citarum watershed sedimentation handling to combat flooding

The Bandung Regency government plans to procure three additional excavators to expedite sedimentation management and river maintenance across the Citarum River Basin. The move responds to severe flooding in South Bandung in December 2025, which affected over 34,000 residents. Local authorities stress the need for collaborative, sustainable maintenance to minimise future flood risks.

Revealed: How Much Debt Collectors Earn from Repossessing Cars with Bad Credit

Fees for debt collectors repossessing vehicles in Indonesia can range from Rp 5 million to Rp 20 million per unit, according to an asset recovery practitioner. The amount depends on the vehicle type and the recovery firm's track record, and the profession is regulated under OJK rules which prohibit intimidation and set strict operational hours.

JCI Opens Lower as Asian and Wall Street Markets Tumble Amid Middle East Conflict Escalation

The Jakarta Composite Index opened weaker on Thursday, tracking broad declines across Asian and US stock markets following heightened geopolitical tensions. Wall Street fell sharply after President Donald Trump threatened further military strikes on Iran, while investors also braced for higher-than-expected US inflation data. Analysts anticipate the JCI will test the psychological level of 6,000 during the trading session.

Jakarta Revenue Agency Opens Samsat Outlet at Jakarta Fair for Easier Tax Payment

The DKI Jakarta Revenue Agency (Bapenda) has opened a Samsat outlet at the Jakarta Fair, enabling visitors to pay their motor vehicle tax while attending the exhibition. The initiative coincides with a programme waiving administrative sanctions for vehicle tax and title transfer fees until August 2026, aimed at boosting regional tax compliance. The move is part of the provincial government's effort to bring public services closer to residents and ease their financial burdens.

Rupiah Opens Stronger, US Dollar Falls to Rp17,925 This Morning

The Indonesian rupiah opened stronger against the US dollar on Thursday, appreciating 0.14% to Rp17,925, extending gains after breaking through the psychological Rp18,000 level. The dollar's global weakness, driven by US inflation data meeting expectations, provided tailwinds for emerging market currencies. Meanwhile, Indonesia's consumer confidence index fell to 120.9 in May, its lowest since September 2025.

Singapore Clamps Down on Foreign Interference Involving South Asians

Singaporean authorities have ordered the disabling of online content targeting the Indian community, alleging it was part of a foreign interference campaign aimed at stoking racial divisions. The government assessed that the inflammatory posts, which likely originated from a China-based platform, violated laws protecting racial harmony in the multicultural city-state. Officials have emphasised that there is no evidence of a coordinated campaign by any foreign government, while reaffirming Singapore's zero-tolerance policy towards narratives that undermine its social cohesion.

IHSG Extends Gains, Opens in the Green This Morning

The Indonesian Composite Index (IHSG) opened higher on Thursday, extending a two-day rally driven by rising market optimism. However, the positive momentum faces headwinds from escalating US-Iran military tensions and a surge in US inflation to a near-decade high.

Dudung's Full Statement: SPPG Bailout Funds Not Guaranteed to Be Reimbursed

Presidential Chief of Staff Dudung Abdurachman has stated that the government cannot guarantee the reimbursement of bailout funds spent by investors on the free nutritious meal programme's kitchen facilities. The statement addresses complaints from investors who built facilities based on decrees issued by former National Nutrition Agency officials now named as corruption suspects. The government is currently reorganising the programme, and the fate of existing projects depends on the evaluation results and budget availability.

Why is Suro the First Month in the Javanese Calendar? Here is the History

The Javanese month of Suro marks the Islamic-Javanese New Year, a period widely regarded as sacred among traditional communities. Its designation as the first month originated from a 17th-century calendar reform by Sultan Agung of Mataram, who merged the Islamic Hijri system with the indigenous Saka calendar to unify a religiously diverse society. The name 'Suro' itself was adapted from 'Asyura', the 10th day of Muharram, reflecting the synthesis of Islamic and Javanese cultural elements.

From Political Bubble to the Orchestration State

Indonesia requires a fundamental shift from an economy driven by political narratives to one powered by orchestration, where fiscal, monetary, and trade policies work in harmony. A Bank Indonesia governor's recent measures to attract foreign capital and keep government funds onshore represent the opening movement in a far larger economic symphony. The true test for the nation in 2026-2027 lies in moving beyond rhetoric to build a coordinated system that delivers tangible foreign exchange and investor confidence.

What Role Do Yemen's Houthi Militias Play in the War Against Iran?

Yemen's Houthi rebels have resumed missile attacks against Israel and declared a 'total blockade' on Israeli-linked shipping in the Red Sea, in a move seen as solidarity with Iran. Analysts suggest the escalation is partly driven by domestic political needs and the conflict in Lebanon, though Houthi operational capacity remains limited and heavily dependent on Iranian support. The group's strategic position allows it to threaten global trade routes, but major actions risk damaging its crucial economic relationship with Saudi Arabia.

TLKM Distributes Rp 21.9 T Dividend, Record Cum Date to Payment Schedule

PT Telkom Indonesia (Persero) Tbk (TLKM) has approved a total cash dividend of Rp 21.99 trillion, or Rp 221 per share, using its entire 2025 net profit and additional retained earnings. The dividend payout ratio reaches 123.5 per cent. The schedule has been set, with the cum dividend date in the regular market on 17 June 2026 and payment on 10 July 2026.

Japan Loses 350,000 Children in a Year, Child Population Hits Historic Low

Japan's demographic crisis has deepened as the number of children under 15 fell to a record low of 13.29 million in 2025, a decline of around 350,000 from the previous year. Children now represent just 10.8 per cent of the total population, the lowest proportion ever recorded, down from 35.1 per cent in 1950. The persistent decline casts doubt over the future of the nation's economy and social welfare systems, despite billions spent on incentives to boost births.

Middle East Erupts Again: 7 Updates on the Latest Massive US Bombardment of Iran

Tensions in the Middle East have escalated dramatically as the United States launched a second consecutive night of strikes against Iran, citing self-defence. Tehran retaliated by claiming to have attacked US bases in Bahrain and Kuwait and threatening to close the Strait of Hormuz, a critical global energy chokepoint. US President Donald Trump asserted American control over the strait while claiming Iran sought a halt to the bombardment, an assertion swiftly denied by the Iranian Revolutionary Guard.

Coastal Erosion and Tidal Flooding Threaten Muara Gembong, Hankook Continues Mangrove Planting

Coastal erosion and tidal flooding remain persistent threats to Muara Gembong in Bekasi Regency. To support ecosystem restoration, PT Hankook Tire Indonesia has continued its mangrove rehabilitation programme, bringing the total planted to 13,000 seedlings by 2026. Local environmental officials have praised the private sector initiative as vital for protecting the coastline and supporting community livelihoods.

Asian Markets Open Mixed Amid US-Iran Conflict and Oil Price Surge

Asian stock markets displayed a mixed performance on Thursday morning as geopolitical tensions between the United States and Iran dominated investor sentiment. The escalating conflict, including threats from President Trump of further strikes, pushed oil prices higher and triggered heavy falls on Wall Street, with semiconductor stocks leading the sell-off. Japanese and Australian indices declined, whilst South Korean shares bucked the trend to post gains.

Iran Closes Strait of Hormuz, Global Oil Prices Surge Over US$2

Global oil prices surged by more than US$2 per barrel after Iran announced the closure of the Strait of Hormuz, a critical chokepoint for global energy supplies. Brent crude and West Texas Intermediate futures both spiked sharply following the announcement, which threatens to disrupt roughly one-fifth of the world's oil and gas shipments. The move follows fresh US strikes on Iranian targets, escalating a fragile ceasefire agreement made in April.

MyPertamina Rewards Customer Loyalty with Promos and Bonuses

PT Pertamina Patra Niaga is rolling out a series of loyalty programmes through its MyPertamina app from June to July 2026 to reward customers. The initiatives include double and triple bonus points on fuel purchases, as well as cashback offers in partnership with banks and digital payment platforms. The move aims to enhance customer experience and encourage cashless transactions across its integrated network.

Not Rp16,250/Litre: The Real Economic Price of Pertamax Revealed

Pertamina has disclosed that the true economic price of its non-subsidised Pertamax (RON 92) fuel is between Rp20,000 and Rp21,000 per litre, significantly higher than its new pump price of Rp16,250. The state-owned enterprise stated it had long suppressed prices to protect public purchasing power amid geopolitical uncertainty. Analysts note that the price adjustment, while substantial, remains below market reality due to global oil price spikes and a weakening rupiah.

Bekasi Civil Servants Banned from Posting Content in Uniform, Golkar Proposes Other Regions Follow Suit

The Bekasi municipal government has issued a circular banning civil servants from creating social media content while wearing their official uniforms. A Golkar Party lawmaker has endorsed the policy, suggesting it could serve as a model for other regions, whilst cautioning against excessive restrictions on freedom of expression.

Hong Kong Files Manslaughter Charges Over Fatal Wang Fuk Court Fire

Hong Kong authorities have filed manslaughter charges against several individuals and companies following the deadly Wang Fuk Court fire that killed 168 residents last year. The charges stem from findings that critical fire safety systems were non-functional due to human error, and that fraudulent reports were submitted regarding the building's renovation. The case highlights severe negligence and corruption in the management of the public housing complex's refurbishment.

Stock Recommendations Today: From ASII to SGER

The Jakarta Composite Index surged 2.71% on Wednesday, supported by major banking and telecom stocks, while foreign investors continued their net selling spree. Corporate actions are in focus, with Astra International planning an Rp8 trillion share buyback and Fortune Indonesia set to raise Rp27.65 trillion in a rights issue to fund a mining acquisition.

East Java SPMB 2026: Zoning Pathway Requirements and Registration Link

The East Java provincial government has announced the schedule and criteria for the 2026 New Student Admission System (SPMB) for senior high schools (SMA) and vocational schools (SMK). The domicile-based zoning pathway, which allocates the largest quota of seats, will open for online registration from 11-12 June 2026, with other pathways following later in the month.

Asian shares retreat as tech losses deepen and US-Iran tensions lift oil prices

Asian markets fell sharply on Thursday, led by a 3% drop in South Korea's KOSPI, following a Wall Street sell-off triggered by persistent US inflation. Renewed US military strikes on Iran and Tehran's retaliatory closure of the Strait of Hormuz pushed Brent crude above US$94 a barrel, adding to investor anxiety. Strategists warn that stretched valuations in the Asian tech sector make it particularly vulnerable to further declines amid geopolitical and monetary policy uncertainty.

Why Iran Retaliated Against Israel's Attack on Lebanon

Iran's retaliatory strikes against Israel appear to be a calculated move to assert deterrence and reinforce its credibility within the 'Axis of Resistance', rather than merely a direct response to the attack on its Hezbollah ally. The action signals to regional partners that strikes on its proxies will be treated as strikes on Iran itself, potentially strengthening Tehran's negotiating position with the United States. Analysts suggest the limited military operation is designed to set a political precedent without triggering a major escalation.

Canada Proposes Law Banning Social Media for Children Under 16 and Regulating AI Chatbots

The Canadian government has introduced the 'Digital Safety Act', a bill that would prohibit children under 16 from holding social media accounts and require AI chatbot services to limit harmful content. The legislation, announced by Minister Marc Miller, follows a global trend of tightening digital protections for minors, with similar measures already adopted in Australia and Indonesia.

Military officers get prison term for acid attack against Andrie Yunus

An Indonesian military court has sentenced four officers to prison and dishonourably discharged two of them for a premeditated acid attack on activist Andrie Yunus. The court found the defendants conspired to assault Yunus as a 'lesson' for his anti-militarism advocacy and interruption of a military law deliberation. The case highlights serious concerns over military conduct and accountability in Indonesia.

Trump Claims Iranian Officials Phoned Him Pleading for Attacks to Stop

US President Donald Trump has claimed that senior Iranian officials contacted him to plead for a halt to American strikes. He indicated that bombing would continue the following night if a deal was not reached, describing the situation as the 'most violated ceasefire in world history'. The exchange follows a series of US strikes near the Strait of Hormuz and retaliatory Iranian drone attacks on a US base in Bahrain.

Evaluation of Free Nutritious Meal Programme Gains Support, Prabowo Considered Firm in Maintaining Programme Quality

President Prabowo Subianto's decision to evaluate the Free Nutritious Meal programme has garnered support from political analysts and the Indonesian Ulema Council. The move is seen as a commitment to ensuring the effectiveness and accountability of the strategic national initiative. Observers noted the evaluation is crucial for improving human resources and maintaining public trust.

Parents Report Case After Six-Year-Old Boy Bullied and Electrocuted by Lamp Post in Central Jakarta

A six-year-old boy in Central Jakarta is receiving hospital treatment after being bullied by two peers who reportedly dragged him against a lamp post, causing him to be electrocuted. The incident, which occurred at Taman Kramat Pulo and went viral on social media, shows the victim convulsing and losing consciousness. Police have confirmed that the victim's parents filed an official report and the case is currently under investigation.

Viral Video Shows Boy Allegedly Bullied and Electrocuted by Electrical Pole in Central Jakarta

A viral video circulating on social media depicts a young boy allegedly being bullied by two peers, resulting in him being electrocuted by an electrical pole at a park in Senen, Central Jakarta. The victim reportedly suffered seizures and later fell into a coma before receiving hospital treatment. Central Jakarta Metro Police have confirmed that the victim's parents have filed a police report and an investigation into the incident is underway.

Pertamax Price Hike Triggers Long Pertalite Queues in South Tangerang

A sudden increase in the price of Pertamax fuel has prompted a mass switch to the subsidised Pertalite in South Tangerang, leading to lengthy queues at local petrol stations. Motorists previously loyal to Pertamax are now opting for the cheaper alternative, citing the need to save money during difficult economic conditions. Petrol station attendants confirmed a noticeable drop in Pertamax sales following the price rise to Rp 16,250 per litre.

Fuel Purchases via MyPertamina Get Promos, Valid Until 31 July 2026

PT Pertamina Patra Niaga has launched a customer loyalty programme offering cashback and multiplied loyalty points for fuel purchases made through the MyPertamina app. The promotions, running from June to July 2026, include double points for Pertamax Turbo and Pertamina Dex on weekdays and triple points on weekends. The initiative aims to encourage cashless transactions while providing additional benefits through partnerships with banks and digital payment platforms.

SOE Ministry: Food, Energy Security, and Human Resources Form Foundation for Golden Indonesia

Indonesia is anchoring its goal of becoming a developed nation by 2045 on three fundamental pillars, according to a senior state-owned enterprises official. The government's transformation strategy focuses on achieving self-sufficiency in food and energy alongside a major drive to strengthen human resources. Addressing the high stunting rate is highlighted as a critical challenge within the human capital development agenda.

Roy Suryo Alleges Police Were Forced to Announce P21 Status in Jokowi Diploma Case

Roy Suryo, a suspect in a case concerning allegations of a fake diploma for former President Joko Widodo, has claimed that the Jakarta Metropolitan Police were compelled to announce that his case file was complete. He questioned the legitimacy of the P21 declaration, noting that the police director's statement lacked explicit confirmation and that no official transfer letter for the second stage of proceedings had materialised over a week later. The police had earlier stated that the High Prosecutor's Office deemed the file complete and an imminent handover to prosecutors was planned.

Unusia Law Faculty Urges Sharia-Based Bankruptcy Resolution in Religious Courts

The Faculty of Law at Nahdlatul Ulama University Indonesia (Unusia) is advocating for clearer legal authority, proposing that bankruptcy cases arising from sharia transactions be handled exclusively by Religious Courts. Dean Muhamad Afifi highlighted a current legal inconsistency where sharia-based contracts are dissolved through conventional mechanisms, undermining the original principles. The push comes amid discussions on revising Indonesia's Bankruptcy and PKPU Law.

248 Bandung MSMEs Complete R.I.S.E Islamic Programme, Targeting 100 Per Cent Monthly Revenue Increase

A total of 248 micro, small, and medium enterprises (MSMEs) in Bandung have completed the R.I.S.E Islamic collaborative training programme. The initiative, led by Maybank Syariah and partners including KNEKS, aims to boost business capacity and halal certification, with a particular emphasis on empowering women, who made up 81 per cent of participants. The programme sets an ambitious target of doubling participants' monthly revenues during a six-month post-training mentorship phase.

Protesters Demand Audit of Free Nutritious Meals, House Commission IX Urges Patience for BPK Findings

Indonesia's House of Representatives Commission IX has urged the public to await the official findings of the Supreme Audit Agency (BPK) regarding the Free Nutritious Meals (MBG) programme. This follows a demonstration by the group MBG Watch, who sealed the National Nutrition Agency office and demanded a total overhaul of the programme's management. Legislator Yahya Zaini stated that while he respected the public's right to protest, the BPK is the proper authority to audit the budget and could even launch an investigative audit if misconduct is suspected.

DSI and Mineral Exchange Present, RI Ready to Become World Market Price Controller

Indonesia's parliament has clarified that the revision of the Financial Sector Development and Strengthening Law (UU P2SK) accommodates the establishment of a mineral and strategic commodity exchange to boost economic growth. The amendment was initially driven by Constitutional Court rulings on financial crime investigations and the independence of the Indonesia Deposit Insurance Corporation. Lawmakers expect the new commodity exchange, alongside state-owned PT Danantara Sumberdaya Indonesia, to ensure transparent price formation and enable Indonesia to play a more active role in setting global prices for commodities like palm oil, coal, and nickel.

Palestinian Factions Negotiate in Cairo: Hamas Rejects Disarmament

Intensive talks in Cairo between Palestinian factions and mediators have reached a stalemate over the future of resistance weapons. Hamas has rejected proposed Egyptian amendments regarding disarmament and the role of international forces, leaving a single clause as the main obstacle to a final agreement. The negotiations, mediated by Egypt, Qatar, and Turkey, have otherwise seen consensus on 14 of the 15 points in the proposed roadmap.

Yesterday's economy: Pertamax price hike to rupiah strengthening

A roundup of Wednesday's key economic events includes Pertamina raising non-subsidised fuel prices for Pertamax and Pertamax Green, with the Finance Minister playing down the inflationary impact. Meanwhile, the Jakarta Composite Index and the rupiah both strengthened, buoyed by investor confidence and Bank Indonesia's stabilisation measures.

Yusril Responds to Verdict on Andrie Yunus Attacker: A Lesson for Other TNI Personnel

Coordinating Minister Yusril Ihza Mahendra has welcomed the military court's sentencing of four soldiers for an acid attack on activist Andrie Yunus, stating it reflects judicial independence. The government views the verdict, which includes prison terms and dismissals, as a firm warning against violence and abuse of power within the armed forces. Yusril also reiterated the state's commitment to protecting freedom of expression and ensuring the victim's recovery.

Partnering with Rumah Zakat, Bolt Berkurban 2026 Distributes Thousands of SuperQurban Packages to the Community

BOLT has collaborated with Rumah Zakat for its 2026 Corporate Social Responsibility initiative, 'BOLT Berkurban', processing sacrificial meat into over 1,000 long-lasting corned beef packages. The programme targets diverse beneficiaries, including scavenger communities and animal shelter workers across Jakarta, Bandung, Bogor, and Tangerang. A social media campaign also converted user interactions into tangible aid to broaden the charitable impact.

Ancient DNA at Liang Bua, Home of the 'Hobbit', Under Investigation Again

International researchers have returned to the Liang Bua archaeological site in East Nusa Tenggara to investigate the preservation of ancient DNA. The team, including German archaeologist Hannes, is evaluating cave sediments and faunal remains for surviving genetic material. The Manggarai regency government sees the continued scientific interest as vital for developing the site into a world-recognised centre for education and sustainable heritage tourism.

Israel Empties Four Al-Aqsa Mosque Compounds, Zionist Grip Tightens

Israeli authorities have emptied four facilities within the Al-Aqsa Mosque complex that served as offices for the Islamic Waqf, a Jordanian-backed body. Palestinian monitors describe the action as a deliberate campaign to expel the Waqf and establish de facto Israeli administrative control. The targeted structures are located at all four corners of the compound, suggesting strategic intent.