Indonesian Political, Business & Finance News

Archive: 17 June 2026

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Ahead of Ceasefire, US Intelligence: Iran Holds Control, Can Close Strait of Hormuz at Any Time

US intelligence assessments indicate Iran has gained the effective capability to close the Strait of Hormuz at will, a move that could threaten the global economy. The assessment suggests the recent conflict has fundamentally shifted Iran's strategic thinking, providing it with a powerful asymmetric leverage tool. This development comes just before a scheduled framework agreement intended to reopen the crucial waterway as a precursor to nuclear negotiations.

Getting to Know the Founder of Yathrib, the Forerunner of Medina

The article explores the ancient origins of Medina, Saudi Arabia, tracing its founding to a figure named Yastrib, a descendant of the Prophet Noah. It details the city's geographical location, climate, and its historical name before being renamed Medina by the Prophet Muhammad. The piece draws on Saudi research to outline the early settlement of the area by the A'bil tribe.

Antam Gold Price Rises by Rp4,000 Today; Buyback Rate Also Strengthens

The price of gold produced by PT Aneka Tambang (Antam) increased by Rp4,000 to Rp2,733,000 per gram on Tuesday. The buyback price also strengthened, rising by Rp14,000 to Rp2,514,000 per gram. Tax regulations for gold purchases and buyback transactions remain in effect.

Potato Leaves Can Detect Hidden Pollution Missed by Soil Tests

A new study reveals that potato leaves can detect recent airborne 'forever chemical' (PFAS) pollution far more accurately than conventional soil testing. Researchers found high concentrations of short-chain PFAS on leaves near a conflict zone, while the chemicals barely reached the edible tubers. The findings suggest combining soil and vegetation monitoring for better environmental surveillance, especially in vulnerable areas.

Wife of Late Actor Epy Kusnandar Assaulted by Unknown Man at Her Food Stall

Karina Ranau, the widow of actor Epy Kusnandar, was allegedly shoved and injured by an irate customer outside her food stall in South Jakarta. The incident occurred when the man demanded service before opening hours and reacted violently after being asked to move his motorcycle. Ranau has reported the assault to the police and undergone a medical examination, stating she will not pursue a peaceful resolution.

Antam gold price rises Rp4,000 to Rp2.733 million per gram on Wednesday

The price of gold bullion produced by Indonesian state miner PT Antam increased by Rp4,000 to Rp2.733 million per gram on Wednesday morning. The buyback price also rose to Rp2.514 million per gram. Transactions are subject to tax deductions in accordance with Indonesian Finance Ministerial Regulation PMK No. 34/PMK.10/2017.

Rabid Dog Attack at Community Gathering in Jembrana Injures Two Toddlers

A suspected rabid dog attacked attendees at a local celebration in Jembrana Regency, Bali, injuring three people including two toddlers. One of the young victims has not yet received anti-rabies vaccination, prompting urgent tracing by animal health authorities. The dog died suddenly the following morning, and brain samples have been taken to confirm rabies.

Sahroni: Sexual Abuse Case Against Dog Must Be Thoroughly Investigated

House Deputy Speaker Ahmad Sahroni has called for a comprehensive legal investigation into an alleged case of bestiality in North Jakarta, framing it as a criminal act of animal cruelty. He stressed that under Indonesia's evolving legal framework, animals are recognised as sentient beings deserving protection from suffering. The local police have already classified the incident as a criminal offence and are pursuing charges against the suspect.

Indonesia to Launch Electric Stove Programme in 2027, Minister Bahlil Details Specifications

Energy Minister Bahlil Lahadalia announced a new electric stove programme for 2027 aimed at reducing Indonesia's heavy reliance on imported LPG, which currently costs the country over Rp130 trillion annually in foreign exchange and Rp80 trillion in subsidies. The initiative will utilise improved, modern technology distinct from the previously rejected programme, with a budget allocation of Rp815.56 billion. The move is part of a broader national energy transition strategy that also includes funding for electric motorcycles.

Hendropriyono Dismisses Video Using His Photo About Coup Planners: Hoax!

Former Indonesian State Intelligence Agency (BIN) chief Hendropriyono has firmly denied a viral video that falsely portrays him as part of a group plotting a coup. The video claims a 'Solo Gang' is orchestrating unrest to replace President Prabowo Subianto with Vice President Gibran Rakabuming. Hendropriyono labelled the video, which also spliced in an old statement by former President Jokowi, as a hoax and slander.

Rupiah Opens Weaker, US Dollar Climbs to Rp17,735

The Indonesian rupiah weakened at the open on Wednesday, depreciating to Rp17,735 per US dollar after a one-day market holiday. Market attention is focused on the Federal Reserve's policy decision under its new chair and an ongoing Bank Indonesia meeting, following recent aggressive rate hikes to stabilise the currency.

IHSG Opens 1.07 Percent Higher Despite Correction Shadow, Asian Markets Mixed and Wall Street Weakens

Indonesia's benchmark stock index (IHSG) opened 1.07 percent higher on Wednesday, defying predictions of a limited correction. The mixed performance across Asian markets and a decline on Wall Street, driven by a rotation out of technology stocks, set a cautious backdrop. Analysts highlighted central bank decisions in Japan and Australia as key factors influencing regional investor sentiment.

IHSG Opens Up Over 1% to 6,350 Level

The Jakarta Composite Index (IHSG) surged over 1% at Wednesday's open, extending last week's rally as investors digested a temporary US-Iran peace deal and awaited the Federal Reserve's interest rate decision. Market sentiment was also buoyed by the start of Bank Indonesia's monthly Governor's Board meeting, which will lay the groundwork for Thursday's domestic rate announcement.

Sustainability of JCI Strengthening Depends on Government Bond Yields

The trajectory of Indonesia's Composite Stock Price Index (IHSG) hinges on the stability of government bond yields and the rupiah exchange rate, according to Mirae Asset Sekuritas. A gradual decline in the 10-year bond yield from its peak above 7.3% is seen as crucial for lowering the country's risk premium and attracting foreign capital. While the index has recently experienced a technical rebound driven by Bank Indonesia's rate hike and easing geopolitical tensions, analysts caution that sustained recovery requires confirmed stability in macroeconomic indicators.

Merz: Europe ready for dialogue with Russia on Ukraine

German Chancellor Friedrich Merz stated Europe's readiness to engage in peace negotiations with Russia regarding the Ukraine conflict. Speaking at the G7 summit in France, he emphasised that any future talks must include Europe alongside the United States, Ukraine, and Russia. The Russian Foreign Ministry has accused the EU of lacking full commitment to peace due to its hostile stance.

Asian Markets Slump in Early Trade, What's Behind It?

Asia-Pacific stock markets opened lower on Wednesday, led by a sharp decline in South Korea, as geopolitical developments weighed on investor sentiment. The latest US-Iran negotiations, including a proposed 60-day ceasefire extension, are being closely scrutinised by markets. Hong Kong futures bucked the regional trend, pointing to a slightly higher open.

Pokémon Go Player Data Used to Train AI for Military Drone Navigation in War Zones

A new report reveals that AI models trained on location scans voluntarily submitted by Pokémon Go players are being developed to assist military drone navigation. The technology aims to provide accurate positioning in conflict zones where GPS signals are jammed or spoofed. The partnership between Niantic Spatial and defence software firm Vantor has sparked criticism from digital rights advocates concerned about civilian data being repurposed for military applications.

The Story of the First Hijrah: A Christian King's Warm Welcome to the Prophet's Companions

This article recounts the first migration (Hijrah) of early Muslims to the Kingdom of Aksum in Africa around 615 CE. Fleeing persecution in Makkah, the companions of Prophet Muhammad were granted refuge and protection by the Christian ruler, King Armah (an-Najasyi). The narrative highlights a historical moment of interfaith tolerance and political asylum.

Yesterday: ESDM denies Pertamax issue, bioethanol trials commence

Indonesia's Energy Ministry refuted a hoax comparing Pertamax fuel to diesel, while East Kalimantan reported significant shrimp exports. State-owned enterprises are prioritising downstream processing and MSME financing, and PTPN I has begun sorghum trials to support bioethanol production.

Central Sulawesi quake affects 109 people, BNPB says

A shallow earthquake in Central Sulawesi has affected 109 residents, with Sigi district bearing the brunt of casualties and damage. Preliminary assessments reveal damage to at least 64 houses, public facilities, and a collapsed section of a key provincial road linking Palu, Sigi, and Poso. Authorities continue to verify data as aftershocks persist in the region.

Jokowi's Regional Visits Are Not a Political Safari, Says PSI

The Indonesian Solidarity Party (PSI) has clarified that former President Joko Widodo's recent regional visits are not a political campaign but a response to public invitations. Deputy Chair Isyana Bagoes Oka stated Jokowi is in good health and the party is currently focused on internal consolidation ahead of the 2027 electoral verification process.

House Commission III Insists Animal Abuse Cases Must Be Thoroughly Investigated

Deputy Chairman of Indonesia's House Commission III, Ahmad Sahroni, has called for the rigorous legal pursuit of animal abuse cases, emphasising that under the new Criminal Code animals are recognised as sentient beings deserving protection from suffering. He commended the Penjaringan police for their handling of a recent case involving the alleged sexual abuse of a dog, stating it should serve as a model for law enforcement. The police have classified the incident as criminal animal abuse, confirming the dog was a domesticated pet, not a stray.

Bapanas Chief: Cheap Food Movement Continues Despite Stable Rice Inflation

The Head of the National Food Agency (Bapanas) confirmed that the Cheap Food Movement (GPM) will continue nationwide to maintain price stability, even though rice inflation has been successfully controlled for the past two years. Minister of Home Affairs Tito Karnavian noted that rice is no longer a major contributor to monthly inflation, though horticultural commodities like shallots and chillies are seeing higher price indices. Despite low consumer-level rice inflation, the Farmers' Terms of Trade index reached a seven-year high in May 2026, indicating improved welfare for producers.

Elza Syarief Claims Sony Sanjaya Routinely Received Money from SPPG Trading

Lawyer Elza Syarief has alleged that former Deputy Head of the National Nutrition Agency (BGN) Sony Sanjaya routinely received payments from the buying and selling of Nutritional Service Fulfilment Unit (SPPG) points. This alleged dishonesty prompted her resignation as his legal counsel in the corruption case involving the Free Nutritious Meals programme. The Attorney General's Office has named five suspects in the case, including the former BGN chief and his deputy.

IHSG Surges, Here Are 5 Stock Recommendations for Today

The Jakarta Composite Index (IHSG) closed up 4.12% on Monday, driven by gains in major banking stocks. Despite the rally, foreign investors recorded net sales, and market participants are expected to monitor the sustainability of the index's rise alongside the rupiah and government bond yields.

Palu Magnitude 6.7 Earthquake a Stark Warning from Local Fault Activity

A magnitude 6.7 earthquake that struck Palu, Central Sulawesi, has been described by a disaster expert as a stark warning about the high risk posed by local fault branches. The shallow crustal quake caused significant damage to homes and severed a key transport route, highlighting the need for mitigation strategies to focus beyond the main Palu-Koro fault. The Indonesian Association of Disaster Experts is urging local governments to tighten spatial planning rules and audit building resilience against these overlooked local fault networks.

Attorney General's Office Hands Over Eddy Tansil's Assets to Finance Minister

Indonesia's Attorney General's Office has transferred recovered assets worth Rp82.68 billion from convicted fraudster Eddy Tansil to the Ministry of Finance. The assets, including cash, land, a villa, and a factory, stem from a decades-old corruption case involving the embezzlement of US$430 million. Finance Minister Purbaya Yudhi Sadewa praised the recovery as an extraordinary achievement given Tansil's escape from prison 30 years ago.

BSI Digination Presents Dery Kasisolusi, Equipping Students to Build Digital Personal Branding

Universitas Bina Sarana Informatika (UBSI) hosted a seminar to teach students the importance of personal branding in the digital era, featuring speaker Deryansha Azhary. The event explored the evolution of marketing and outlined six key content categories for building a strong digital identity. UBSI aims to equip students with digital competencies and adaptability for an increasingly competitive professional landscape.

Rp1.5 Million Incentive for Non-Civil Servant Madrasah Teachers to Be Disbursed End of June

The Ministry of Religious Affairs has announced that a Rp1.5 million incentive for non-civil servant madrasah teachers will begin disbursement at the end of June. The Minister expressed gratitude for the teachers' dedication and reaffirmed the government's commitment to improving their welfare. The Directorate General of Islamic Education is currently finalising collective bank accounts to facilitate the direct transfer of funds.

Final Messages of Man Who Drowned Himself at Sea Due to Online Gambling Debts

A 58-year-old man in North Lombok took his own life by tying a 25-kilogram sandbag to his waist and walking into the sea, leaving behind handwritten notes for his family. Police confirmed the victim was driven by severe economic pressure and psychological distress caused by debts from online gambling. The family has accepted the death as a tragedy and declined an autopsy.

Danantara Opens Option to Issue 30-Year Global Bonds

Indonesia's Danantara sovereign wealth fund is considering issuing global bonds with tenors of up to 30 years following overwhelming demand for its inaugural issuance. The debut offering was oversubscribed more than three times, attracting US$4.6 billion in orders against an initial US$1 billion target. The strong interest, particularly from US and European investors, signals high global confidence in Indonesia's investment climate despite geopolitical pressures.

Targeting the Messenger: The Story of a Failed Conspiracy on the Eve of the Hijrah

This article recounts a historical narrative from Islamic tradition detailing a failed assassination plot against Prophet Muhammad on the night of his migration from Makkah to Madinah. It describes how Quraysh leaders, joined by Iblis in disguise, debated various plans to eliminate the Prophet before settling on a proposal by Abu Jahal. The story highlights the perceived threat Muhammad posed to the Makkan social and political order.

Russia Intercepts 172 Ukrainian Drones Overnight, Including 60 Over Moscow Region

Russian air defences intercepted and destroyed 172 Ukrainian drones across multiple regions overnight, with 60 shot down over the Moscow region alone. The attack, described as one of the largest drone assaults on the capital this year, caused damage to the Moscow Oil Refinery and a residential building. Ukrainian President Volodymyr Zelenskyy confirmed the strike on the refinery, framing it as part of 'long-range sanctions'.

Oil Prices Edge Up as Market Awaits Certainty on US-Iran Peace Deal

Global oil prices saw a slight recovery on Wednesday after two days of sharp declines, as traders cautiously assess the durability of a nascent peace agreement between the United States and Iran. The potential reopening of the Strait of Hormuz has eased supply fears, but scepticism over the deal's implementation and Israel's opposition are capping gains. A larger-than-expected draw in US crude inventories provided some support, though weak Chinese refining data continues to cloud the demand outlook.

Drug Network in East Jakarta Busted, 'Toilet Plunger' Stickers Used as Code for Meth Stashes

The Jakarta Metropolitan Police's Narcotics Directorate has uncovered a drug trafficking operation in Cipayung, East Jakarta, seizing over 100 grams of methamphetamine. The network employed a 'tempel' (drop-off) system, using stickers depicting toilet plungers affixed to poles and trees as markers for the location of the drugs.

Israel Revokes Palestinian Authority Over Ibrahimi Mosque in West Bank

Israeli Finance Minister Bezalel Smotrich has stripped the Palestinian municipality of Hebron of its administrative authority over the Ibrahimi Mosque (Cave of the Patriarchs), transferring control to an Israeli committee. The move, described by Smotrich as an act of 'practical sovereignty', has drawn sharp condemnation from Palestinian officials who view it as a further erosion of their rights over the holy site. The decision was announced during a ceremony for a new Israeli settlement near Hebron.

The Gunung Kawi Fortune Teller Behind the Salim Business Empire

Sudono Salim, founder of the Salim Group, routinely sought mystical guidance from fortune tellers at Gunung Kawi in East Java before making major business decisions. This practice reportedly influenced his pivotal choice to appoint Mochtar Riady to lead Bank Central Asia (BCA), transforming it into Indonesia's largest private bank. Salim's reliance on spiritual rituals and feng shui was a consistent element throughout his rise as one of the country's most powerful tycoons.

Germany and Indonesia Expand Energy Transition and Investment Cooperation

Indonesia and Germany have deepened their partnership on energy transition and sustainable development, marked by new funding agreements worth hundreds of millions of euros. The deals, signed during German President Frank-Walter Steinmeier's state visit, will support renewable energy projects, grid strengthening, and investment frameworks. The cooperation is framed as vital for energy security and advancing the jointly led Just Energy Transition Partnership (JETP).

AGO to Question Former Deputy Head of National Nutrition Agency Sony Sonjaya Tomorrow

The Attorney General's Office will examine former BGN deputy chief Sony Sonjaya as a suspect in the alleged corruption of the free nutritious meal programme. His lawyer indicates the questioning relates to his application for justice collaborator status and the alleged involvement of 26 prominent figures. The case involves the mismanagement of the programme's governance, including the appointment of unqualified partners and price mark-ups on procurement items.

Switzerland: Iran-US MoU to be Signed at Bürgenstock on Friday

Switzerland's foreign ministry has confirmed that a memorandum of understanding between the United States and Iran is scheduled to be signed on 19 June at the Bürgenstock resort. Switzerland is acting as a facilitator, creating the necessary diplomatic and practical conditions for the meeting, which was proposed by mediators Pakistan and Qatar. No details regarding the content of the MoU or the signing ceremony have been disclosed.

Minister Purbaya Claims to Have Resolved Sectoral Ego Issues Between Tax and Customs

Finance Minister Purbaya Yudhi Sadewa claims he has successfully dismantled sectoral egos within the Ministry of Finance, particularly between the Tax and Customs directorates general. He stated that previous internal silos hindered cooperation but have now been resolved, leading to a more agile and synergistic organisation. The minister emphasised that such divisive attitudes will no longer be tolerated to ensure faster and more integrated performance.

Understanding the 3 Types of Hijrah

The concept of hijrah in Islam extends beyond the historical migration from Makkah to Madinah, encompassing a profound internal transformation. It is categorised into three dimensions: the migration of belief, thought, and behaviour, each guiding a Muslim towards a more complete practice of their faith. This framework serves as a spiritual compass against modern materialistic ideologies.

JCI Jumps 4% at Start of Week, but Foreign Investors Offload These 10 Stocks

The Jakarta Composite Index surged 4.12% on Monday ahead of a public holiday, yet foreign investors recorded a net sell of Rp105.86 billion across all markets. The sell-off was concentrated in resource and energy stocks, with Bumi Resources experiencing the largest net foreign outflow of Rp335.57 billion.

Bahlil Prepares Electric Stove Programme for 2027, Here's the Budget

Energy Minister Bahlil Lahadalia has announced a government plan to introduce electric stoves in 2027 to reduce reliance on imported LPG, which currently costs the state over Rp130 trillion annually in foreign exchange. An indicative budget of Rp815.56 billion has been allocated for the programme, though the exact number of units remains subject to further parliamentary discussion. The initiative is part of a broader energy diversification strategy that also includes a Rp635.24 billion allocation for electric motorcycles.

Deltamas (DMAS) Appoints Teky Mailoa as President Commissioner

PT Puradelta Lestari Tbk. (DMAS) has reshuffled its board of commissioners, appointing Teky Mailoa as the new President Commissioner following shareholder approval at the annual general meeting. Mailoa replaces Muktar Widjaja, who resigned from the position. The meeting also approved the appointment of Irhoan Tanudiredja as an Independent Commissioner.

Constitutional Court Hears Testimony on MBG's Domino Effect on Teachers

A teacher testified before the Constitutional Court about the negative impact of the Free Nutritious Meal (MBG) programme on educators' welfare and workload. The witness claimed the programme's funding from the education budget has led to mass layoffs, reduced salaries, and increased non-teaching duties. The judicial review challenges the 2026 State Budget Law's allocation of education funds for the MBG programme.

US-Iran Peace Deal Sends Global Oil Prices Tumbling, DPR Urges Pertamina to Lower Pertamax Price

Global crude oil prices have fallen sharply after the United States and Iran agreed to end hostilities and lift the blockade of the Strait of Hormuz. A senior Indonesian lawmaker is now urging state energy firm Pertamina to reduce the price of its non-subsidised Pertamax fuel. However, he cautioned that any price adjustment will take time as Pertamina must first exhaust its existing stock purchased at higher prices.

Government Pushes Pesantren Cooperatives to Become Pillars of the People's Economy

The Indonesian government is urging Islamic boarding schools (pesantren) to professionalise their cooperative management to strengthen the grassroots economy. Deputy Minister Farida Farichah highlighted the need to separate business and social finances and to leverage the extensive pesantren network beyond education. The government is offering low-interest loans and training to help these cooperatives become self-sufficient and integrate into the national supply chain.

Russia's Tatneft imposes temporary limits on diesel and petrol sales

Russian oil producer Tatneft has introduced temporary restrictions on fuel sales at its filling stations across Russia, limiting petrol to 30 litres and diesel to 60 litres for passenger vehicles. The move follows reports of queues in regions including Tatarstan, with local officials citing maintenance work to prevent artificial panic. The restrictions come amid Ukrainian claims that strikes on Russian refineries have knocked out nearly 40 percent of major refining capacity.

The Fate of Kalimantan's Last Rhino: Evacuation for Genetic Rescue

The Indonesian government is preparing to evacuate a critically endangered Sumatran rhinoceros named Pari from its habitat in East Kalimantan to a sanctuary. This intervention is deemed crucial to preserve the species' genetic material through advanced reproductive technology, including potential cloning, before the animal dies naturally in the wild. Officials assure that the original forest habitat will be maintained and proposed as a permanent preservation area for potential future reintroduction.