Archive: 18 June 2026
Showing 801-850 of 1,644 articles
Thu, 18 Jun 2026, 15:37 WIB
Jakarta Anniversary: Pramono to Inaugurate JIS KRL Station and Ancol-JIS Connecting Bridge
Jakarta Governor Pramono Anung will inaugurate a new KRL station at Jakarta International Stadium and a connecting bridge from Ancol on 22 June 2026, as part of the city's 500th anniversary celebrations. The station is designed to be a 'game changer', providing direct access to the stadium and forming part of a broader transit-oriented development in North Jakarta. The infrastructure aims to transform JIS into an integrated, multipurpose venue supported by sustainable public transport.
Thu, 18 Jun 2026, 15:36 WIB
Papuan Food Festival Officially Opens in Sorong to Promote Local Culture and Cuisine
The Papuan Food Festival has opened in Sorong, Southwest Papua, aiming to preserve indigenous culture and showcase local culinary and artistic heritage. A city official emphasised the crucial role of young people in safeguarding Papuan traditions against modern pressures. The event, organised by a community empowerment NGO, seeks to strengthen cultural pride and ensure sustainable preservation.
Thu, 18 Jun 2026, 15:35 WIB
Garda Prabowo Reports Former UGM Student Body Chairman to Criminal Investigation Unit
The pro-Prabowo organisation Garda Prabowo has filed a complaint with the National Police's Criminal Investigation Department (Bareskrim) against former UGM student body chairman Tiyo Ardianto. The group alleges that Tiyo insulted President Prabowo Subianto and spread false information regarding a tracking device on his vehicle. Garda Prabowo emphasised that while they support critical speech, personal insults against the head of state cross a legal boundary.
Thu, 18 Jun 2026, 15:35 WIB
State-Owned Bank Directors Summoned to Palace Today
President Prabowo Subianto summoned the directors and commissioners of Indonesia's state-owned banks (Himbara) to the Presidential Palace, coinciding with Bank Indonesia's announcement of a 25 basis point increase in the benchmark interest rate to 5.75 per cent. The meeting included top executives from BRI, BTN, and Bank Mandiri, along with senior economic ministers. The agenda appears focused on financial stability and policy coordination amid rising global uncertainty.
Thu, 18 Jun 2026, 15:33 WIB
Church urged to strengthen protection of women and children through the family
Deputy Minister for Women's Empowerment and Child Protection, Veronica Tan, has called on churches to move beyond ceremonial activities and address real societal needs by strengthening child-rearing, protecting women, and preventing domestic violence. Speaking at a national pastoral convention in Manado, she emphasised that a strong family unit is the primary foundation for preventing abuse. The event also highlighted the need for closer synergy between the government and religious institutions to build resilient families.
Thu, 18 Jun 2026, 15:33 WIB
Police Confirm No More Hunting Dogs Roaming in Jasinga: All Clear
Police in Bogor, West Java, have confirmed that all hunting dogs have been removed from the Jasinga area following a fatal attack on a nine-year-old boy. The local police chief stated the area is now clear, with only village dogs remaining. The owner of the dogs that killed the child has been named a suspect, while the four attacking dogs reportedly died from suffocation inside a vehicle after being secured.
Thu, 18 Jun 2026, 15:32 WIB
Former UGM Student Body Chair Tiyo Reported to Bareskrim for Allegedly Insulting Prabowo
Tiyo Ardianto, former chair of Gadjah Mada University's student executive body, has been reported to the National Police's Criminal Investigation Agency (Bareskrim) by a pro-Prabowo group over alleged insults against President Prabowo Subianto. The group, Garda Prabowo, filed a public complaint arguing that Tiyo's remarks went beyond legitimate criticism into personal degradation. The legal team emphasised the action was not aimed at imprisonment but to remind the public, particularly educated youth, to express dissent respectfully within constitutional bounds.
Thu, 18 Jun 2026, 15:32 WIB
President Summons Himbara Bank Chiefs, Rosan Discusses Economic Direction and Prudent Principles
President Prabowo Subianto convened the management and commissioners of state-owned banks under the Himbara association to discuss Indonesia's economic direction and the role of state lenders. Investment Minister Rosan Roeslani stated the meeting aimed to provide guidance and ensure the banks operate prudently as key drivers of the economy. The gathering highlights the government's reliance on state banks to finance major programmes, though specific directives from the President were not disclosed.
Thu, 18 Jun 2026, 15:31 WIB
Prabowo Summons Directors and Commissioners of State-Owned Banks to Palace
President Prabowo Subianto convened the directors and commissioners of Indonesia's state-owned bank association (Himbara) at the Presidential Palace in Jakarta. The meeting, which also included the Coordinating Minister for Economic Affairs and other senior officials, is expected to focus on banking matters. Separately, the Minister of Agriculture indicated he would discuss palm oil prices, food security, and downstreaming with the President.
Thu, 18 Jun 2026, 15:31 WIB
Hundreds of Unnes Students Confront Alleged Verbal Harassment Perpetrator
Hundreds of students at Semarang State University (Unnes) confronted a fellow student accused of verbal sexual harassment against a jastip driver and other victims. The incident, which went viral on social media, prompted an on-campus gathering where the suspect publicly apologised before being handed over to the police. The university is still gathering information and awaits the police investigation before taking institutional action.
Thu, 18 Jun 2026, 15:30 WIB
Extreme Heatwaves Intensify, Cities Worldwide Seek Survival Strategies
Urban areas are increasingly threatened by extreme heat, with the urban heat island effect pushing temperatures dangerously high. Cities like Teresina in Brazil and Antalya in Turkey are implementing adaptation strategies, including green corridors, reflective building materials, and targeted public health measures, to protect vulnerable populations. The issue is a key focus at the UN climate talks in Bonn, as heat-related deaths approach half a million annually.
Thu, 18 Jun 2026, 15:30 WIB
Court Officially Hands Over Hotel Sultan Land to Government
The Central Jakarta District Court has formally transferred the land and buildings of the former Hotel Sultan in the Gelora Bung Karno area to the government. The execution process, which included an inventory of assets, was marred by clashes that resulted in 119 arrests and 29 injuries. The former operator has been given six months to retrieve its belongings from storage.
Thu, 18 Jun 2026, 15:30 WIB
Dataiku Launches Cobuild, an AI Agent to Accelerate AI Project Development and Strengthen Governance
Dataiku has launched Cobuild, an AI agent designed to bridge the gap between AI experimentation and operational implementation in enterprises. The tool automatically translates business needs into fully governed, production-ready AI projects without requiring code, embedding transparency and auditability from the outset. The platform supports various leading AI models and will be generally available to customers from 18 June 2026.
Thu, 18 Jun 2026, 15:30 WIB
Will the DMO Coal Price for PLN Power Plants Change? Here's What Bahlil Says
Energy Minister Bahlil Lahadalia has signalled a potential revision of the Domestic Market Obligation (DMO) coal price for power plants, which has remained at US$70 per ton since 2018. The government is reviewing the price due to rising production costs from higher stripping ratios and complaints about the unchanged coal reference price. Despite the pricing review, coal supply for PLN is reportedly secure, with contracts covering 134 million of the 154 million tonnes needed for 2026.
Thu, 18 Jun 2026, 15:28 WIB
Bahlil Guarantees No More Power Cuts
Energy and Mineral Resources Minister Bahlil Lahadalia has assured the public that there will be no further electricity blackouts, following high-level discussions on securing PLN's financial capacity. The government is addressing a shortfall of approximately 20 million metric tonnes of coal by forming a special procurement team. The move aims to resolve supply constraints for medium-calorie coal, which have been exacerbated by the disparity between the domestic market obligation price and the international benchmark.
Thu, 18 Jun 2026, 15:28 WIB
Education Ministry accelerates post-disaster school reconstruction in Sumatra
The Ministry of Primary and Secondary Education is fast-tracking the rehabilitation of 4,922 schools across Aceh, North Sumatra, and West Sumatra affected by hydrometeorological disasters. Minister Abdul Mu'ti has prioritised restoring students' right to education, with all schools now operational and a target to eliminate tent-based learning by the new academic year in July 2026. The government has disbursed over Rp2 trillion in initial funding for school revitalisation and the construction of hundreds of temporary classrooms.
Thu, 18 Jun 2026, 15:27 WIB
Bank Indonesia Hikes Rate Again to 5.75 pct to Save Rupiah
Bank Indonesia has raised its benchmark interest rate by 25 basis points to 5.75 percent in a bid to stabilise the rupiah and keep inflation within its 2.5 percent target corridor amid heightened global uncertainty. This marks a further tightening step following two earlier rate increases in recent weeks, despite calls from a University of Indonesia think tank to hold rates steady. The central bank also noted shrinking foreign exchange reserves, reflecting sustained intervention to support the currency.
Thu, 18 Jun 2026, 15:27 WIB
Immigration Ministry Educates Tangerang Islamic Boarding School Students on Preventing Human Trafficking and Smuggling
The Ministry of Immigration and Corrections has launched an educational programme at an Islamic boarding school in Tangerang to warn students about the dangers of human trafficking and people smuggling. The initiative, part of the 'Immigration-Assisted Village' programme, targets productive-age youth considered vulnerable to such transnational crimes. The pesantren's leader, Ustadz Yusuf Mansur, welcomed the outreach, noting that many of his students travel abroad annually for education.
Thu, 18 Jun 2026, 15:27 WIB
PGN Relaunches Bedah Dapur GasKita 2026 Programme
PT Perusahaan Gas Negara (PGN) has reintroduced its Bedah Dapur GasKita 2026 programme, offering new residential gas customers the chance to win a modern kitchen renovation. The initiative aims to promote the adoption of natural gas for household use by highlighting its efficiency and contribution to improved living standards. Registration for the GasKita service and automatic entry into the prize draw is open until 31 July 2026.
Thu, 18 Jun 2026, 15:27 WIB
Chandra Hamzah Responds to Pontjo Sutowo Camp's Protests Over Hotel Sultan
The legal dispute over the Hotel Sultan site in Jakarta has escalated as PT Indobuildco protests the court-ordered eviction, claiming compensation and land rights issues remain unresolved. The company argues that conditions within the 2011 Supreme Court ruling regarding the transfer of its land titles have never been fulfilled. Meanwhile, government legal counsel Chandra M. Hamzah insists the eviction is the lawful culmination of a two-decade legal process.
Thu, 18 Jun 2026, 15:27 WIB
MBG Programme a Long-Term Investment to Create a Healthy Generation
The Indonesian Association of Nutritious Food Entrepreneurs (Gapembi) has urged President Prabowo Subianto to reject any moratorium on the Free Nutritious Meal (MBG) programme, warning it could disrupt a key national priority. The group presented eight strategic aspirations, including calls for legal protection of partner investments estimated at up to Rp90 trillion. Vice President Gibran Rakabuming Raka separately committed to improving governance to ensure the programme remains free from corruption.
Thu, 18 Jun 2026, 15:27 WIB
The Apurva Kempinski Bali to Host Path to Sustainable Growth 2026 Conference
The Apurva Kempinski Bali has announced the return of its annual sustainability conference, Path to Sustainable Growth 2026, scheduled for 24 June. The fourth edition will expand its focus beyond tourism to foster regenerative action across hospitality, finance, agriculture, and other strategic sectors. The event will feature high-level panel discussions and a mentorship programme offering grants to promising Indonesian startups.
Thu, 18 Jun 2026, 15:26 WIB
Hanania Travel Victims Appeal to DPR: We Only Want Our Rights Back
Representatives of approximately 3,000 victims of Hanania Travel have appealed to Indonesia's House of Representatives (DPR) and the police, demanding the return of their funds after their umrah pilgrimages were cancelled. The victims detailed a pattern of alleged mismanagement and broken refund agreements, culminating in the company's admission that it lacked operational funds, and they suspect money laundering may be involved. They emphasised that the loss extends beyond material damages, highlighting the emotional distress caused to elderly pilgrims and the violation of their constitutional right to worship.
Thu, 18 Jun 2026, 15:26 WIB
Infant's body found in black plastic bag at Susukan cemetery, East Jakarta
Residents of Ciracas, East Jakarta, were shocked by the discovery of a deceased baby girl wrapped in a black plastic bag at a public cemetery. Police estimate the infant had been dead for two to three days before being found. Authorities are investigating the case and searching for the perpetrator responsible for abandoning the body.
Thu, 18 Jun 2026, 15:26 WIB
UBSI Research Proves Lambanapu's Potential as a Premier Tourism Destination in East Sumba
Research by lecturers from Universitas Bina Sarana Informatika (UBSI) has identified Lambanapu Village in East Sumba as having strong potential to become a leading sustainable tourism destination. The study highlights the village's unique combination of natural beauty, authentic cultural heritage, and high community involvement, particularly among women. Researchers recommend integrated tourism packages and digital promotion to boost the local economy while preserving the environment and traditions.
Thu, 18 Jun 2026, 15:25 WIB
BNN and Customs Arrest Two Russian Nationals in Bali Drug Raid
Indonesia's National Narcotics Agency and Soekarno-Hatta Airport Customs have arrested two Russian nationals in Bangli, Bali, suspected of involvement in an international drug network. The operation underscores Indonesia's ongoing crackdown on transnational narcotics trafficking and the severe legal consequences foreign nationals face under the country's strict drug laws.
Thu, 18 Jun 2026, 15:25 WIB
InJourney Airports to Develop Four Airports This Year to Enhance Services
State-owned airport operator InJourney Airports is advancing development programmes at four key Indonesian airports, including Soekarno-Hatta and I Gusti Ngurah Rai, as part of a premises transformation. The projects aim to significantly boost passenger capacity and modernise facilities to meet global service standards. The initiative also covers upgrades at Minangkabau Airport in Padang and Depati Amir Airport in Pangkalpinang.
Thu, 18 Jun 2026, 15:25 WIB
InJourney to Develop Four Airports This Year, Including Minangkabau
State-owned airport operator InJourney Airports is advancing infrastructure upgrades at four key Indonesian airports in 2026, including Minangkabau in West Sumatra. The programme, part of a 'premises transformation' strategy, aims to enhance passenger experience and service standards. Major expansions at Soekarno-Hatta and I Gusti Ngurah Rai are intended to set benchmarks for the company's 37 airports nationwide.
Thu, 18 Jun 2026, 15:25 WIB
House Commission III Holds Hearing with Hanania Travel Fraud Victims
Indonesia's House of Representatives Commission III held a hearing with victims of an alleged umrah travel fraud involving Hanania Group. Representatives of 1,200 victims reported that promised refunds and rescheduled departures have not materialised, while the company's director has been arrested for misusing customer funds, including payments to influencers.
Thu, 18 Jun 2026, 15:24 WIB
Environment Minister Urges Palm Oil Collectors to Share Responsibility in Preventing Forest Fires
Indonesia's Environment Minister has called on palm oil end buyers to take moral responsibility for preventing forest and land fires, rather than solely pursuing profits. He stressed the importance of keeping peatlands wet through canal blocking and noted that only 10 per cent of the 540,000 needed canal blocks have been built nationwide. The government is also coordinating cloud seeding operations to mitigate the impact of a prolonged El Niño cycle.
Thu, 18 Jun 2026, 15:24 WIB
OJK Appoints Jeffrey Hendrik as IDX President Director for 2026-2030
Indonesia's Financial Services Authority (OJK) has named Jeffrey Hendrik as the new President Director of the Indonesia Stock Exchange (IDX) for the 2026-2030 period. The appointment, along with six other director candidates, will be submitted for shareholder approval at the IDX's Annual General Meeting on 29 June 2026. The selection was made in accordance with OJK regulations and following a fit and proper test assessment.
Thu, 18 Jun 2026, 15:23 WIB
Environment Minister Prepares Artificial Rain to Prevent Forest Fires in Pelalawan
Environment Minister Muhammad Jumhur Hidayat inspected canal blocking construction in Pelalawan, Riau, as part of efforts to prevent forest and land fires. The ministry is coordinating with the National Disaster Management Agency (BNPB) to conduct artificial rain operations in fire-prone areas. These measures aim to keep peatlands wet during the predicted prolonged El Niño dry season.
Thu, 18 Jun 2026, 15:23 WIB
Industry Ministry to Boost Halal Sector Competitiveness via Halal Indo 2026 Expo
Indonesia's Ministry of Industry is leveraging the Halal Indo 2026 exhibition to strengthen the national halal ecosystem and expand market access. The initiative aims to enhance the country's position in the global Islamic economy ahead of the second phase of mandatory halal certification in October 2026. The ministry reported over 2.6 million halal certificates have been issued cumulatively, with a focus on supporting small and medium industries.
Thu, 18 Jun 2026, 15:23 WIB
Himbara Boss Called Prabowo, Rosan Talks About Economic and Prudent Principles
President Prabowo Subianto summoned the management and commissioners of the State-owned Bank Association (Himbara) to the Presidential Palace to discuss the future direction of the Indonesian economy and the role of state banks as economic drivers. Minister Rosan Roeslani stated the meeting aimed to provide presidential views and directions, emphasising that Himbara must apply prudent principles in its intermediation function. The gathering highlights the government's focus on leveraging state-owned banks to finance key programmes while ensuring sound risk management.
Thu, 18 Jun 2026, 15:22 WIB
BI Further Cuts Maximum US Dollar Cash Purchase Limit to US$10,000 Per Month
Bank Indonesia is tightening foreign exchange controls by reducing the maximum cash purchase of US dollars without underlying documentation to US$10,000 per person per month, effective 1 July 2026. This follows a previous reduction to US$25,000 in early June and is part of efforts to strengthen rupiah stability amid global pressures. The central bank is also lowering the threshold for supporting documents on foreign currency transfers abroad from US$50,000 to US$25,000.
Thu, 18 Jun 2026, 15:22 WIB
Environment Minister: Palm Oil Buyers Must Help Prevent Forest Fires
Indonesia's Environment Minister Moh Jumhur Hidayat has called on end buyers of crude palm oil to take social responsibility for preventing forest and land fires in producing regions. He emphasised that both concession holders and major corporate purchasers must ensure the well-being of local communities and the protection of surrounding land. The government is also expanding canal blocking infrastructure and coordinating cloud seeding operations to mitigate fire risks on peatlands.
Thu, 18 Jun 2026, 15:22 WIB
State Bank CEOs Meet Prabowo, Danantara Chief Comments
The chief executives of Indonesia's state-owned banks met with President Prabowo Subianto at the State Palace to discuss the nation's economic direction. The meeting, described as a productive session for sharing views, coincided with Bank Indonesia's announcement of a 25 basis point interest rate hike to 5.75%. Danantara's CEO Rosan Roeslani stated the gathering aimed to ensure the state banking association (Himbara) remains a prudent and positive driver of the economy.
Thu, 18 Jun 2026, 15:21 WIB
BI Further Encourages Banks to Seek Overseas Funding, RPLN Now 40% of Capital
Bank Indonesia has raised the maximum overseas funding ratio for banks to 40% of capital, effective 1 July 2026, to broaden funding sources and support lending. This marks the second increase in just over a year, following a rise to 35% in June 2025. The central bank emphasised the policy is available to banks that adhere to prudential principles.
Thu, 18 Jun 2026, 15:21 WIB
Drug Convict Marries Sweetheart at Banceuy Prison in Bandung
A drug offender serving a seven-year sentence has married his long-time partner in a ceremony at the Banceuy Class IIA Prison mosque in Bandung. The prison facilitated the event, coordinating with the Religious Affairs Office and the families, marking the first such marriage at the facility. Officials stated the ceremony upholds inmates' civil rights, with the groom returning to his cell immediately after the vows.
Thu, 18 Jun 2026, 15:20 WIB
BNPB Stresses Intensive Coordination for Flood and Tornado Response in North Sumatra
Indonesia's National Disaster Management Agency (BNPB) has called for strengthened cross-sector coordination to accelerate emergency response to floods and tornadoes that struck Asahan and Deli Serdang regencies in North Sumatra. The disasters, triggered by heavy rainfall, have affected hundreds of families, damaged homes and public facilities, and submerged 50 hectares of farmland. BNPB urges local governments and communities to remain vigilant against further hydrometeorological hazards.
Thu, 18 Jun 2026, 15:20 WIB
Ministry of Agriculture Targets Global Investment at Indo Livestock 2026 as Economic Diplomacy Platform
Indonesia's Ministry of Agriculture is leveraging the Indo Livestock Expo & Forum 2026 to attract global investment and accelerate technology transfer in the livestock sector. The event, featuring 600 companies from 30 countries, is positioned as a key economic diplomacy tool to boost national protein security and GDP. This year marks the first time the Directorate General of Livestock and Animal Health has co-hosted the exhibition since its inception in 2002.
Thu, 18 Jun 2026, 15:20 WIB
Funds Begin to Flow, Minister Tito Urges Acceleration of Post-Flood Rehabilitation in Sumatra
The Indonesian government has begun disbursing funds for the rehabilitation and reconstruction of areas in Aceh, North Sumatra, and West Sumatra devastated by flash floods in November 2025. Home Affairs Minister Tito Karnavian confirmed that five ministries have received transfers from the approved Rp39.8 trillion budget for 2026, and he is pressing for the remaining allocations to be expedited. The total recovery programme, approved by President Prabowo Subianto, is valued at Rp100.1 trillion through to 2028.
Thu, 18 Jun 2026, 15:20 WIB
Bahlil Guarantees No More Power Cuts, PLN's Coal Supply Remains Secure
Energy Minister Bahlil Lahadalia has assured the public there will be no future power outages, following high-level discussions on compensation and subsidy schemes for PLN. The state electricity firm has secured 134 million tonnes of its 154 million tonne annual coal requirement, with a new procurement team formed to address a shortfall in medium-calorie coal. The move aims to stabilise primary energy oversight and ensure uninterrupted electricity services nationwide.
Thu, 18 Jun 2026, 15:19 WIB
PENAS XVII to Showcase Agricultural and Fisheries Technology for Farmers
The 17th National Farmers and Fishermen's Week (PENAS XVII) in Gorontalo will serve as a technology transfer hub, displaying innovations in crop and fish cultivation. The event aims to boost productivity by allowing participants to learn directly from experts and successful 'champion' farmers from across Indonesia.
Thu, 18 Jun 2026, 15:18 WIB
Hanania Travel Victims Testify in Parliament: Cancelled Six Hours Before Departure While Already at the Airport
Victims of Hanania Travel have told Indonesian lawmakers of the devastating impact of last-minute Umrah cancellations, with some pilgrims informed just six hours before departure while already at the airport. Around 3,000 prospective pilgrims were affected, suffering not only financial losses but also severe psychological and health consequences, including elderly victims falling ill. The victims are urging the government to intervene and provide a concrete solution to recover their rights.
Thu, 18 Jun 2026, 15:18 WIB
BI Raises BI-Rate to 5.75% to Safeguard Rupiah Stability
Bank Indonesia has increased its benchmark interest rate by 25 basis points to 5.75% in a pre-emptive move to stabilise the rupiah amid persistent global uncertainty. The central bank aims to attract foreign capital inflows and keep inflation within the government's target range of 2.5%±1% for 2026 and 2027. Governor Perry Warjiyo noted that while capital inflows have resumed in the second quarter, geopolitical tensions and high US yields continue to pose external risks.
Thu, 18 Jun 2026, 15:17 WIB
Pulau Untung Jawa Strengthens Waste Management at Source
The Pulau Untung Jawa urban village in Jakarta's Thousand Islands has achieved full compliance with a gubernatorial instruction on waste separation, with all 435 households across three community units now sorting their rubbish at source. The local government has affixed stickers to homes as both a mark of appreciation and a tool to reinforce the culture of waste segregation. Officials praised the community's environmental awareness and collaboration with local administrators and environmental agency staff in reaching the 100 per cent target.
Thu, 18 Jun 2026, 15:17 WIB
PGN Launches GasKita 2026 Kitchen Renovation Programme for New Customers
PT Perusahaan Gas Negara (PGN) has introduced the Bedah Dapur GasKita 2026 programme, offering new customers the chance to win a kitchen renovation. The initiative aims to promote the benefits of natural gas for households while rewarding customer loyalty. Registration is open until 31 July 2026, with winners selected through a transparent draw.
Thu, 18 Jun 2026, 15:16 WIB
Genetic Factors Not the Main Cause of Obesity, Says Nutritionist
A clinical nutrition specialist has stated that genetic factors account for less than 20 per cent of obesity cases, with lifestyle and environment playing a far more significant role. She emphasised that obesity is a complex condition influenced by physical, metabolic, hormonal, and psychological factors, but modifiable behaviours like diet and activity are key to weight control. The condition also impacts reproductive health, mental wellbeing, and economic productivity.
Thu, 18 Jun 2026, 15:15 WIB
Valbury Slashes Spread Trading Across All Major Instruments
PT Valbury Asia Futures has announced an aggressive reduction in trading spreads across its Alpha, Sirius, and Vega account types, with the Vega account spread on EUR/USD dropping from 1.4 pips to 0.2 pips. The move is seen as a response to heightened global market volatility, aiming to significantly lower transaction costs for Indonesian retail traders. Analysts suggest this competitive pricing adjustment narrows the gap between retail and institutional trading conditions and signals the end of high hidden costs in the local brokerage industry.