Indonesian Political, Business & Finance News

Archive: 11 June 2026

Showing 1,451-1,500 of 1,603 articles

Officially Up! Latest Fuel Price List at All Petrol Stations as of 11 June 2026

Major fuel retailers across Indonesia, including Pertamina, BP-AKR, and Vivo, have simultaneously raised prices for non-subsidised fuel products effective 10 June 2026. The adjustments, coordinated with the government, reflect changes in global oil prices and market economics. Pertamina's Pertamax (RON 92) in Jakarta saw a significant increase to Rp 16,250 per litre.

Raffi Ahmad and Nagita Slavina Officially Become Controlling Shareholders of VISI

Celebrity couple Raffi Ahmad and Nagita Slavina have officially become the new controlling shareholders of PT Satu Visi Putra Tbk (VISI) through their company PT Harmoni Semesta Investama. The acquisition involved the purchase of nearly 2 billion shares, representing a 61.85% stake, for a total of IDR 178.74 billion. The transaction marks a change in control from the previous owner, David Dwiputra, to the newly established holding company.

Tensions Escalate: Iran Strikes US Base in Bahrain

Military tensions between the United States and Iran have sharply escalated, with Iranian media reporting drone strikes against the US Navy's Fifth Fleet in Bahrain. The reported attack targeted Patriot system radar and communication facilities, following an earlier US defensive strike near the Strait of Hormuz. Authorities in Bahrain have issued air raid warnings as the situation intensifies.

Acid Attack on Activist Andrie Yunus: Four Soldiers Sentenced, Two Dismissed

A military court in Jakarta has sentenced four Indonesian soldiers to prison terms ranging from 1.5 to 3 years for the acid attack on human rights activist Andrie Yunus. The court also ordered the dishonourable discharge of two of the defendants, citing severe damage to the military's reputation and the permanent disability inflicted on the victim. The ruling highlighted the perpetrators' abuse of their training and their betrayal of the nation's trust.

Israel Launches Massive Missile Strikes on Lebanon, 12 Killed

Israeli forces launched a massive wave of airstrikes across southern Lebanon, killing at least 12 civilians after Hezbollah rejected a new conditional ceasefire proposal. The escalation has shattered peace hopes, with diplomatic talks deadlocked over Tel Aviv's refusal to include a clause on halting Israeli military attacks. Authorities report nearly 3,700 people have been killed in Lebanon since March.

DKI Jakarta Revenue Agency Offers PKB and BBNKB Fine Waivers at Jakarta Fair Samsat Booth

The DKI Jakarta Regional Revenue Agency (Bapenda) has set up a Samsat booth at the Jakarta Fair (PRJ) to facilitate motor vehicle tax payments. As part of the city's 499th anniversary celebrations, the administration is waiving administrative sanctions for Motor Vehicle Tax (PKB) and Vehicle Title Transfer Fees (BBNKB) from 1 June to 31 August 2026. The initiative aims to ease the financial burden on taxpayers, boost regional tax compliance, and optimise local revenue for public development.

Toyota boss reveals his biggest fear about the future of cars

Akio Toyoda, Chairman of Toyota Motor Corporation, has voiced his deepest concern that the industry's rush towards battery electric vehicles threatens the passion and craftsmanship behind traditional engines. He expressed feeling isolated in his appreciation for combustion engines and pledged to preserve jobs for engine component suppliers. Toyota continues to balance its carbon-neutral goals by investing in hybrids, hydrogen engines, and new petrol sports cars alongside its limited BEV line-up.

Marketplaces Raising Admin Fees Unilaterally to Face Sanctions

The Indonesian government is set to sanction e-commerce platforms that unilaterally increase administrative fees, with new regulations expected this week. The rules will mandate advance notice for fee changes, require annual contracts with sellers, and compel platforms to offer a 50% discount on service fees for locally produced micro and small enterprise products. The Ministry of SMEs aims to create a fairer digital ecosystem and protect financial planning for online traders.

Earning Rp 600,000 Daily, Punk Youths in Vacant Kuta House Frequently Hold Alcohol-Fuelled Parties

Public order officers in Badung, Bali, have revealed that a group of street youths were earning up to Rp 600,000 per day from busking and performing as 'human statues' before being detained. The nine individuals, all adults, were found living in an abandoned building in Kuta and regularly consumed alcohol on the premises. Authorities have coordinated with social services after the group ignored previous warnings and returned to the location.

JCI Surges 2.7%, Foreign Investors Quietly Accumulate These Shares

The Jakarta Composite Index (JCI) rallied by 2.7%, even as foreign investors recorded a net sell of Rp3.13 trillion across the market. Despite the overall outflow, foreign funds selectively accumulated shares in property, renewable energy, and consumer sectors, led by PT Indonesian Paradise Property Tbk. The buying spree suggests targeted positioning by overseas investors during the market rebound.

Bisnis-27 Index Closes Higher, Led by Gains in BBCA, INKP, and DEWA

The Bisnis-27 index advanced 3.79% to 408.21 on Wednesday, with 16 of its 27 constituents posting gains. Shares of Bank Central Asia, Indah Kiat Pulp & Paper, and Darma Henwa led the rally, while mining stocks such as Aneka Tambang and Vale Indonesia declined. Analysts noted the broader market's sharp rise on Tuesday was accompanied by significant net selling by foreign investors.

ASEAN-China Media Cooperation Forum Held in Shenyang

The ASEAN-China Media Cooperation Forum opened in Shenyang, China, focusing on social media and launching a youth creator initiative. Officials highlighted the significant potential for digital market growth, given the combined internet user base of over 1.6 billion people, and emphasised the forum's role in strengthening bilateral trust through joint content creation and talent development.

HIPMI Wonosobo Gaet Investor untuk Pertanian dan Pariwisata

HIPMI Wonosobo menggelar forum investasi untuk menarik investor domestik dan mancanegara guna mengembangkan sektor pertanian, pariwisata, dan UMKM di Wonosobo. Bupati Afif Nurhidayat mendorong realisasi komitmen investasi secara cepat, termasuk modernisasi pertanian melalui hilirisasi komoditas kentang dan penyediaan infrastruktur pendukung. Sejumlah rencana investasi konkret telah diungkapkan, seperti pembangunan destinasi wisata baru, ekspansi hotel, dan pelatihan pemberdayaan UMKM.

Muara Enim Regent Suddenly Visits KPK Investigators After BPK Civil Servant Sting

Muara Enim Regent Edison and a private company representative unexpectedly visited KPK investigators following a sting operation against civil servants from the Supreme Audit Agency (BPK). The visit is linked to an alleged bribery probe concerning the manipulation of BPK audit findings related to procurement in the Muara Enim Regency government. The KPK had previously named Edison as a suspect in a related graft case involving procurement and gratuities.

Indonesia Weather Forecast for 11 June 2026: Potential for Heavy Rain in Several Regions

The Indonesian Meteorology, Climatology, and Geophysics Agency (BMKG) has issued an early warning for extreme weather on 11 June 2026, driven by atmospheric convergence. Several regions, including North Sumatra, West Sulawesi, North Maluku, and Maluku, are at high risk of heavy to very heavy rainfall. Residents in major cities are advised to remain vigilant for potential hydrometeorological disasters such as flooding and landslides.

Fate of Remaining Non-ASN Honourary Staff: To Be Appointed as Part-Time PPPK

Minister of State Apparatus Empowerment and Bureaucratic Reform Rini Widyanti has confirmed that all non-ASN government employees, or honourary staff, who have not secured a civil service position will be appointed as Part-Time Government Employees with Work Agreements (PPPK). This decision follows a gap between the 1.78 million registered non-ASN workers and the successful placement of only 876,388 individuals in full-time PPPK roles over two selection waves. The part-time status is designed as a transitional phase, with the potential for promotion to full PPPK positions subject to performance evaluation and institutional budget availability.

China's NEV output and sales post steady growth in May 2026

China's new energy vehicle (NEV) production and sales recorded double-digit year-on-year growth in May 2026, underscoring the accelerating shift away from fossil-fuel cars. Exports surged dramatically, with overall vehicle shipments rising 68.7 per cent and NEV exports more than doubling. Industry officials attributed the robust performance to policy support, supply chain efficiencies, and rapid innovation in smart features.

HIPMI Wonosobo Gaet Investor untuk Pertanian dan Pariwisata

Himpunan Pengusaha Muda Indonesia (HIPMI) Wonosobo mempertemukan investor domestik dan asing dengan masyarakat lokal untuk mendorong investasi di sektor pertanian, pariwisata, dan UMKM. Bupati Wonosobo menekankan perlunya langkah nyata pasca-forum, termasuk modernisasi pertanian melalui hilirisasi komoditas kentang dan penguatan infrastruktur pendukung. Rencana investasi konkret mencakup pembangunan destinasi wisata baru oleh PT Yospar Grawita Tama, ekspansi Hotel Santika, serta program pemberdayaan UMKM oleh Bogasari.

Anthropic Officially Releases Claude Fable 5, Its Most Alarming AI Finding from the US

Anthropic has officially launched Claude Fable 5, a public version of its powerful Mythos model, which raised significant cybersecurity concerns during preview. The new model demonstrates advanced software engineering and analytical performance, with safeguards to prevent manipulation. Pricing has been set at US$10 per million input tokens and US$50 per million output tokens, with early feedback suggesting lower overall task costs.

Trump says US Helped 100 Million Barrels of Oil Pass Through Strait of Hormuz

President Donald Trump announced that a recent US military operation successfully safeguarded the passage of over 100 million barrels of oil and more than 200 commercial vessels through the Strait of Hormuz. He described the mission as a secret effort he ordered last month, asserting it demonstrated American control over the strategically vital waterway. Trump further claimed that Iran's military has been defeated and its economy has collapsed.

Vicious: US Attacks Cut Off Water Access for Iranians Amid Drought

Iran has accused the United States military of deliberately destroying two crucial water reservoirs in Sirik, Hormozgan province, cutting off drinking water for over 20,000 civilians. Tehran denounced the strikes as a calculated war crime and a clear violation of international humanitarian law, particularly given Iran's existing severe water scarcity. The attack has exacerbated an already dire humanitarian situation in a country classified as facing 'extremely high' water stress.

Blasts Rock Southern Iran After Latest US Strikes

Southern Iran was struck by a series of US attacks early Thursday, with reports of explosions and active air defence systems across Hormozgan Province. US Central Command stated the strikes were ordered by President Donald Trump in response to ongoing Iranian aggression. The incident marks a significant escalation in military tensions between the two nations.

DPR Commission X Criticises Chaotic 2026 West Java Student Admission, Calls for Evaluation

House Commission X Chair Hetifah Sjaifudian has criticised the technical failures plaguing West Java's 2026 New Student Admissions (PCMB), calling for a comprehensive systemic evaluation. The disruption prompted the Governor to temporarily suspend a regional education IT official, though lawmakers stress the need for technological reform beyond personnel changes. The commission has urged stronger inter-agency coordination and robust system testing to prevent future harm to pupils' educational rights.

Viral: Medan Mothers Protest Fire Truck Delivering Water to Agency Head's Home Amid PDAM Shutdown

A video showing mothers protesting a fire truck delivering water to the private residence of Medan's Library and Archives Agency head has gone viral. The municipal government has responded, explaining that the water supply was part of a broader emergency response to complaints about a widespread PDAM water outage. The Fire and Rescue Service claims the delivery was intended for the entire community in the affected sub-district, not exclusively for the official.

Rickshaw Driver Becomes an Instant Billionaire, Winning Rp 50 Billion Overnight

A rickshaw driver from Magelang, Central Java, experienced a dramatic reversal of fortune in 1990 after winning a government-backed lottery worth Rp 1 billion. The prize fund was generated by the Sumbangan Dermawan Sosial Berhadiah (SDSB) scheme, which used ticket sales for national development funding. The winner prudently invested half the money and lived a life focused on worship and family until his death.

Government Rice Reserves Claimed to Reach 5.3 Million Tonnes

Indonesia's Government Rice Reserves (CBP) managed by Perum Bulog have reached a historic high of 5.3 million tonnes, signalling a robust strengthening of national food security. Officials from the National Food Agency and Bank Indonesia have highlighted that this achievement, coupled with extensive market operations, is crucial for stabilising food prices and controlling inflation.

Following Trump's Orders, US Forces Launch Fresh Strikes on Iran

US Central Command has conducted additional 'self-defence strikes' against targets in Iran on orders from President Donald Trump, citing ongoing and unprovoked Iranian aggression. The escalation follows the downing of a US Apache helicopter earlier in the week by Iran. The strikes mark a further intensification of a regional conflict that erupted in late February after a combined US-Israeli attack.

Three First Wave Waste Processing Projects Officially Granted PSN Status

The Indonesian government has designated three waste-to-energy (PSEL) facilities in Bekasi, Bogor Raya, and Denpasar Raya as National Strategic Projects. This status prioritises their development to address urban waste crises and boost renewable energy. The projects are being developed by PT Daya Energi Bersih Nusantara, a subsidiary of Danantara Investment Management.

Protest Against Fuel Price Hike Held in Cikini, Central Jakarta, on Wednesday Evening

A demonstration opposing the increase in non-subsidised fuel prices took place on Jalan Cikini Raya in Central Jakarta on Wednesday evening. Police dispersed the crowd at around 9.30 pm, citing the lack of prior notification for the rally and the burning of tyres. Authorities confirmed the situation is now secure and no arrests were made.

Digital Asset Industry Strengthens Airport Hospitality Ecosystem

The digital asset industry is expanding into the airport hospitality sector through a strategic partnership between IAS Hospitality and the cryptocurrency exchange Indodax. The collaboration offers Indodax members exclusive discounts of up to 20 per cent at airport lounges. The initiative aims to enhance customer engagement and align with the mobile lifestyles of Indodax's nearly 10 million predominantly millennial and Gen Z users in Indonesia.

Iran Retaliates After Fresh US Strikes, Closes Hormuz Strait and Threatens All Traffic

Iran has declared the Strait of Hormuz completely closed, threatening to target any vessel that transits the waterway, in retaliation for a new wave of American military strikes. The IRGC Navy reported attacking two ships attempting to pass without permission, as US President Donald Trump vowed to hit Iran hard. The escalating confrontation threatens to disrupt one of the world's most critical chokepoints for global energy supplies.

Pertamax Price Hike Prompts Shift to Pertalite, Here's What Purbaya Says!

Finance Minister Purbaya Yudhi Sadewa has addressed concerns that the recent increase in Pertamax fuel prices could drive consumers towards subsidised Pertalite, potentially straining the state budget. The government is tightening distribution controls for subsidised fuel to ensure it remains targeted. Purbaya expressed confidence that the price adjustment will have a limited impact on national inflation.

Govt emphasizes strict AI ethical governance in healthcare sector

The Indonesian government is pushing for robust ethical governance and adaptive regulation as artificial intelligence becomes more deeply integrated into the healthcare system. Health officials highlighted that while AI has demonstrated superior accuracy in diagnostics, including TB and cancer screenings, algorithmic errors pose life-or-death risks, making data privacy and clear lines of accountability critical. Concrete regulations and digital safeguards like the SATUSEHAT platform are being developed to ensure innovation does not outpace patient protection.

Purbaya Predicts Rupiah Will Strengthen in July-December 2026

Finance Minister Purbaya Yudhi Sadewa has forecast a gradual strengthening of the Indonesian rupiah in the second half of 2026, driven by improved policy coordination and investor confidence. He cited solid synergy between fiscal, monetary, and financial sector policies, alongside better management of export proceeds, as key factors to ease global pressure on the currency. For 2027, the government has set an exchange rate assumption of Rp 16,800โ€“17,500 per US dollar in its preliminary state budget framework.

Pegadaian Gold Prices Today, 11 June 2026: A Collective Decline

Gold prices across major bullion brands at PT Pegadaian fell in unison on Thursday, 11 June 2026. Antam gold recorded the steepest decline, dropping to Rp2,822,000 per gram, with UBS and Galeri24 prices also experiencing contractions. The state-owned pawnbroker reminds investors that gold prices remain volatile and urges them to monitor rates via its official digital platforms before transacting.

Central Java Weather Forecast for 11 June: Decreasing Tidal Floods, Partly Cloudy All Day

The Meteorology, Climatology and Geophysics Agency (BMKG) has forecast partly cloudy and sunny weather across all 35 regions of Central Java on Thursday, with a significant temperature disparity expected between day and night. Whilst tidal flooding along the northern coast has dramatically decreased to 0.8 per cent, high waves between 1.25 and 2.5 metres remain a risk for shipping activities in southern waters, particularly when wind speeds exceed 15 knots.

UAD Rector Criticises State University Admissions, Calls for Scrapping of Independent Pathway

The rector of Universitas Ahmad Dahlan has urged the government to abolish or limit the independent admission pathway at state universities, citing significant student withdrawals from private institutions. He revealed that approximately 15% of registered and paying students at UAD withdraw after being accepted via the state universities' independent selection. The criticism highlights growing financial pressures on private universities from aggressive recruitment by well-funded state institutions.

Four Pathways for 2026 Junior High School Admissions in Mataram City: Check the Requirements

Mataram City's education authority has outlined four distinct pathways for junior secondary school admissions under the 2026 New Student Admission System (SPMB). The pathways include domicile-based zoning, affirmative action for disadvantaged and disabled students, academic and non-academic achievements, and parental work transfers. Each route has specific documentary requirements and selection criteria that prospective students and parents must adhere to.

Coal Prices Heat Up Again as Demand Remains Ferocious

Global coal prices have edged upwards, buoyed by a rally in oil markets and a significant surge in demand. Disruptions to LNG supplies from the Middle East, particularly Qatar, are compelling major Asian economies to switch back to coal-fired power generation to ensure energy security. Indonesia, as a major coal exporter, stands to benefit from this renewed reliance on the commodity.

Two Thugs Assault Satay Vendor After Refusing to Pay for Meal

Police in Central Jakarta have arrested two men for the violent assault of a satay vendor in Rawasari, Cempaka Putih. The attack, which was captured on CCTV and went viral on social media, occurred after the suspects repeatedly ate and drank at the stall without paying. Authorities have stressed a zero-tolerance policy towards such acts of thuggery and violence against the public.

Indodax Expands Consumer Base Through Partnership with InJourney Subsidiary

Indonesian crypto exchange Indodax has partnered with IAS Hospitality, an InJourney subsidiary providing airport lounge services, to offer verified users discounts on lounge access. The collaboration aims to boost customer loyalty and attract new users, with regular members receiving up to 15% off and priority users up to 20% off. IAS Hospitality's commercial director stated the partnership aligns with its commitment to accessible premium hospitality through strategic collaborations.

Foreign Net Sell Widens, but IHSG Continues to Accelerate

Foreign investors have aggressively offloaded Indonesian equities for a second consecutive day, with net sales reaching Rp3.13 trillion on 10 June 2026. The heightened outflow, which concentrated on major banking stocks like BRI and BCA, occurred even as the Jakarta Composite Index (IHSG) staged a robust 2.71% rally. Domestic bargain hunting appeared to offset the external selling pressure, driving a broad market recovery.

Iran Closes Strait of Hormuz Again, Threatens to Fire on Passing Ships

Iran's military command has once again closed the Strait of Hormuz, warning that any vessel violating the blockade will be targeted. The closure follows reported American strikes near the strategic waterway, with Iranian naval forces claiming to have already attacked two ships attempting to pass.

Denying Rumours, Dudung: If You Can Prove I Own an MBG Kitchen, I Will Give You a Reward

Presidential Chief of Staff Dudung Abdurachman has denied allegations that he owns a nutritional fulfilment service unit (SPPG) under the Free Nutritious Meals (MBG) programme, challenging accusers to provide evidence. The former army chief stated he would offer a reward to anyone who could prove the claim, which he firmly refuted. He explained that he had merely conveyed the aspirations of two Islamic boarding school leaders who sought MBG programme inclusion for their students.

Active Police Officers Can Now Hold Civilian Posts, National Police Chief: As Long as There Is a Request, We Will Provide

National Police Chief General Listyo Sigit Prabowo has addressed the revised Police Law, which now permits active police officers to fill civilian government positions under specific conditions. Sigit stated that personnel would only be assigned following a formal request and after passing the established open bidding mechanism overseen by the Ministry of State Apparatus Empowerment and Bureaucratic Reform. The government and the House of Representatives agreed on the revision, justifying the provision as necessary for placing active high-ranking officers in roles requiring coordination and supervision of civil servant investigators.

ByteDance Founder Zhang Yiming's Fortune Surges Sevenfold, Making Him Asia's Second Richest Person

ByteDance founder Zhang Yiming has become Asia's second-richest individual, with his wealth soaring more than sevenfold to $92.8 billion since 2019, driven by the success of TikTok and the Doubao AI chatbot. The company recently restructured its US stake in TikTok and is reportedly planning massive investments in artificial intelligence. ByteDance is now considered a leading candidate for a future initial public offering.

BMKG Forecasts Wind Convergence to Trigger Heavy Rain on Thursday

The Indonesian Meteorology, Climatology and Geophysics Agency (BMKG) has warned of increased potential for heavy to very heavy rainfall across numerous major cities on Thursday. This is attributed to the formation of wind convergence and confluence zones stretching from Sumatra to Papua, which enhance rain cloud growth. Residents in affected areas, including North Sumatra, West Sulawesi, and the Malukus, are urged to remain vigilant.

US Strikes Iran Again, Explosions Heard Near Strait of Hormuz

The United States has launched a fresh round of strikes against Iran, with explosions reported in several southern areas near the strategic Strait of Hormuz. Washington described the action as a defensive response to 'unprovoked and continued Iranian aggression,' while President Trump expressed frustration with the pace of peace negotiations. The escalation follows earlier attacks and a downed American helicopter.

US F-16 Jet 'Flees' After Being Struck by Iranian Air Defence Missile

An American F-16 fighter jet reportedly retreated from the Persian Gulf after being targeted by an Iranian Revolutionary Guard missile. The incident occurred shortly after the US military announced a new wave of aggression against Iran. An international relations expert predicts the broader regional conflict will persist until at least October 2027.

Embracing 'Green Jobs' for Indonesia

International investment in Batam's renewable energy manufacturing sector is creating thousands of 'green jobs' and demanding enhanced local workforce skills. The new McDermott facility, producing HVDC converters for a European wind farm, exemplifies a model of long-term investment, knowledge transfer, and economic ecosystem building. The Indonesian government and Kepulauan Riau province are focusing on vocational education to prepare human resources for this growing green industry.