Archive: 18 June 2026
Showing 1,451-1,500 of 1,644 articles
Thu, 18 Jun 2026, 08:52 WIB
Indonesia's PASTI Task Force Halts Illegal Operations of Universal Peak and BAFI Group
The Indonesian Anti-Illegal Financial Activities Task Force (Satgas PASTI) has shut down the operations of Universal Peak and BAFI Group for conducting unlicensed and fraudulent activities. Universal Peak allegedly ran a fake stock investment scheme, while BAFI Group offered illegal debt resolution services for online loans. The task force has blocked their digital access and will coordinate with law enforcement for further action.
Thu, 18 Jun 2026, 08:51 WIB
3,161 Joint Personnel Secure Execution of Hotel Sultan Today
A combined force of 3,161 personnel has been deployed to secure the court-ordered execution of the former Hotel Sultan in Jakarta's Gelora Bung Karno complex. The execution follows a Central Jakarta District Court ruling that declared the state the rightful owner of the land and ordered PT Indobuildco to vacate the premises. Authorities aim to ensure the process proceeds smoothly and without harm to any party.
Thu, 18 Jun 2026, 08:50 WIB
KPK says summoning BPK member Bobby Rizaldi depends on investigative needs
Indonesia's Corruption Eradication Commission (KPK) has stated that the potential summoning of Audit Board (BPK) member Bobby Adhityo Rizaldi hinges on the requirements of the investigation into alleged bribery involving audit findings in Muara Enim Regency. The agency is currently probing the role of a private sector suspect who allegedly acted as an intermediary to alter BPK audit results. The case has already led to multiple arrests and the naming of several suspects, including the Muara Enim Regent and BPK auditors.
Thu, 18 Jun 2026, 08:48 WIB
Economists project BI-Rate to hold at 5.5 percent after aggressive tightening
Economists expect Bank Indonesia to keep its benchmark interest rate at 5.5 percent at its June meeting following a cumulative 75 basis point hike in a short period. The aggressive tightening, including an off-cycle increase, has helped stabilise the rupiah, though sustained recovery hinges on broader foreign capital inflows beyond short-term instruments. Analysts note that while currency pressures have eased, long-term investor confidence in equities and government bonds has yet to fully return.
Thu, 18 Jun 2026, 08:47 WIB
Check Out 5 Stock Recommendations with Potential Gains Today
The Jakarta Composite Index (IHSG) weakened amid global market declines and anticipation of Bank Indonesia's rate decision. Several corporate actions, including a mandatory tender offer by INET, a buyback plan by MBMA, and a dividend announcement by TINS, are influencing market sentiment. Analysts have issued buy recommendations for five stocks, including ESSA and ARKO, with specific entry and target price levels.
Thu, 18 Jun 2026, 08:46 WIB
Tensions Rise at Hotel Sultan as Supporters Rally Against Eviction Execution
A group of demonstrators gathered at the former Hotel Sultan site in Jakarta's Gelora Bung Karno complex to protest its court-ordered eviction. The protesters, calling for indigenous business protection, faced a security presence from police and military personnel. The site's management authority has prepared 300 personnel to execute the eviction of PT Indobuildco, with a mechanism in place to safeguard the company's remaining assets.
Thu, 18 Jun 2026, 08:44 WIB
3,161 Personnel Deployed to Secure Execution of Hotel Sultan Eviction
Indonesian authorities have mobilised 3,161 police, military, and local government personnel to oversee the court-ordered eviction of the former Hotel Sultan from the Gelora Bung Karno complex. The execution follows a Jakarta court ruling that declared the state the rightful owner of the land after the building rights expired in 2023. The operation aims to ensure a smooth and secure transition of the strategic asset back to government control.
Thu, 18 Jun 2026, 08:42 WIB
Businesses Seek Incentives to Achieve IDR 157 Trillion Creative Economy Investment Target by 2027
Indonesian creative economy players are calling for concrete government support, including fiscal incentives and easier financing, to meet the ambitious investment target of up to IDR 157 trillion by 2027. Industry associations highlight challenges such as talent gaps, weak intellectual property enforcement, and limited access to banking credit. They argue that a clear roadmap for each of the 17 sub-sectors is essential to realise the sector's full potential.
Thu, 18 Jun 2026, 08:42 WIB
Asian Markets Rally, Nikkei Hits New Record on Fed Signals
Asian stock markets surged on Thursday, with Japan's Nikkei 225 breaching the 71,000 level for the first time, following the US Federal Reserve's decision to hold interest rates steady. The rally was driven by signals from the Fed that further rate hikes remain possible this year, despite a negative close on Wall Street. Investors are now parsing the central bank's hawkish projections and awaiting key US economic data.
Thu, 18 Jun 2026, 08:41 WIB
Jakarta Strengthens Collaboration with Netflix to Realise Cinema City Vision
The Jakarta provincial government is deepening its partnership with streaming giant Netflix to position the capital as a cinema city, aiming to boost the creative economy and tourism. The collaboration will involve producing three new titles in Jakarta and launching talent development programmes for the film industry. Netflix executives expressed confidence in Jakarta's potential to become a premier filming location in Southeast Asia.
Thu, 18 Jun 2026, 08:41 WIB
Provident Investasi Bersama (PALM) Distributes Rp50 Billion as 2025 Dividend
PT Provident Investasi Bersama Tbk (PALM) will distribute a dividend of Rp50 billion from its 2025 net profit, which surged 193% to Rp1.85 trillion. The investment firm is retaining most of its earnings to expand its portfolio in natural resources, technology, and logistics. PALM also reported a strong first quarter of 2026, with net profit jumping 263.3% to Rp2.32 trillion, bolstered by gains from its stake in Merdeka Copper Gold.
Thu, 18 Jun 2026, 08:39 WIB
Mystery of Crewless Australian Yacht Stranded on Rote Ndao, NTT
An Australian-flagged yacht named Balamara was found stranded and completely abandoned on a beach in Rote Ndao, East Nusa Tenggara. Police discovered sales documents and electronic goods onboard but no captain, crew, or passengers. Authorities are coordinating with relevant agencies to trace the vessel's origin and the whereabouts of its occupants.
Thu, 18 Jun 2026, 08:37 WIB
Crowds Gather at Hotel Sultan to Oppose Eviction Execution
A crowd has gathered at the Hotel Sultan in Jakarta's GBK complex to protest against a court-ordered eviction scheduled for Thursday. The execution, involving over 3,000 security personnel, is proceeding despite objections, with the State Secretariat's lawyer confirming no postponement.
Thu, 18 Jun 2026, 08:36 WIB
BMKG Forecasts Heavy Rain Across Indonesia on 18 June 2026
Indonesia's Meteorology, Climatology and Geophysics Agency (BMKG) has issued an early warning for extreme weather on 18 June 2026, driven by a cyclonic circulation in the Pacific Ocean north of Papua. The system is expected to trigger heavy rainfall in Papua's highlands and North Kalimantan, while major cities in Java are forecast to remain relatively stable. BMKG urges the public to remain vigilant and monitor official updates.
Thu, 18 Jun 2026, 08:34 WIB
Lower oil prices could improve Indonesia's fiscal space: govt
Indonesian officials express optimism that falling global oil prices, now below US$80 per barrel, will ease fiscal pressures by significantly reducing the cost of the country's substantial oil imports. The government notes that this decline, coupled with strengthening rupiah and stock market performance, could bolster Indonesia's already solid economic fundamentals. Officials also suggest that lasting peace in the Middle East would further reinforce the nation's strong macroeconomic position.
Thu, 18 Jun 2026, 08:34 WIB
Police Clarify Viral Video of Intel Officer Detained by Students at UMY Campus
Yogyakarta police have confirmed that a man detained by students at Muhammadiyah University of Yogyakarta (UMY) was an official intelligence officer assigned to monitor a protest. The officer was part of a team ensuring the safe return of demonstrators to campus, and the misunderstanding has been resolved through communication with university officials.
Thu, 18 Jun 2026, 08:33 WIB
KPK Opens Possibility of Re-examining Viral Customs Official Who Fled Journalists
Indonesia's Corruption Eradication Commission (KPK) has indicated it may recall Ahmad Dedi, a customs official who went viral for fleeing journalists after questioning, for further examination. The move follows new testimony from other witnesses regarding alleged illicit money flows in a graft case involving the Directorate General of Customs and Excise. The case centres on a bribery and gratuity scandal linked to counterfeit goods imports, with several senior customs officers and private sector figures already named as suspects.
Thu, 18 Jun 2026, 08:32 WIB
Gibran Invites Students to Monitor Free Nutritious Meals and Village Cooperatives in Eastern Indonesia
Vice President Gibran Rakabuming Raka has invited five university students to join his working visit to Ende, Gorontalo, and Papua to enhance oversight of key government programmes. The initiative aims to ensure the transparent and accountable implementation of the free nutritious meals and 'Red and White' village cooperative projects. Gibran stated the move responds to constructive student aspirations and seeks to strengthen collaboration between the government and the younger generation.
Thu, 18 Jun 2026, 08:31 WIB
Police deploy 3,161 personnel to secure Hotel Sultan execution
Indonesian authorities have mobilised 3,161 joint personnel from the police, military, and local government to secure the court-ordered execution of the former Hotel Sultan at the Gelora Bung Karno complex. The Central Jakarta District Court previously ruled that the state is the rightful owner of the land, ordering PT Indobuildco to vacate the premises immediately. The execution aims to proceed smoothly following the court's enforceable ruling delivered in November 2025.
Thu, 18 Jun 2026, 08:31 WIB
PAN Urges Thorough Investigation into Hanania Travel Case Defrauding 1,286 Pilgrims, Highlights Money Laundering Allegations
A member of Indonesia's House of Representatives has called on law enforcement to fully investigate an alleged Hajj and Umrah travel fraud involving 1,286 victims and losses totalling Rp 35.34 billion. The legislator from the National Mandate Party (PAN) emphasised the inhumanity of the scam and urged investigators to apply money laundering charges. Police are currently probing the case, where victims reportedly paid for pilgrimage packages but never received their official Hajj registration numbers.
Thu, 18 Jun 2026, 08:31 WIB
Freeport submits draft share divestment agreement to government
PT Freeport Indonesia has submitted a draft agreement to the government for the divestment of a 12 percent stake, a key condition for extending its Special Mining Business Permit (IUPK) beyond 2041. The share transfer, outlined in a memorandum of understanding signed in Washington D.C., is required before the permit extension is granted. The broader agreement also includes commitments to increased exploration, domestic downstream processing, and enhanced community support in Papua.
Thu, 18 Jun 2026, 08:31 WIB
Between concrete and citizens' sense of safety
Surabaya's mayor has halted all city drainage projects after a fatal accident involving an elderly resident at a box culvert construction site. The incident exposed safety lapses in project barriers, prompting a comprehensive evaluation of work methods and contractor discipline. The tragedy underscores the tension between rapid infrastructure development and public safety in Indonesia's second-largest city.
Thu, 18 Jun 2026, 08:30 WIB
Purbaya Secures Chinese Support for Panda Bonds Issuance
Finance Minister Purbaya Yudhi Sadewa has gained backing from China for Indonesia's upcoming issuance of yuan-denominated Panda Bonds scheduled for July. The bilateral meeting with China's Finance Minister Lan Fo'an in Beijing is part of a long-term strategy to diversify competitive financing sources and strengthen international investor confidence. Purbaya also highlighted Indonesia's robust economic fundamentals and plans to meet with 15 major Chinese institutional investors before continuing to London for a European investor meeting.
Thu, 18 Jun 2026, 08:30 WIB
Foreign Investors Spotted Offloading These 10 Stocks as JCI Slumps Again
The Jakarta Composite Index (JCI) fell 0.55% to 6,220.74 on Wednesday, snapping a recent rally. Despite recording a net buy of Rp2.51 trillion across all markets, foreign investors were net sellers of Rp328.73 billion in the regular market. The heaviest foreign selling targeted petrochemical, mining, and consumer shares, led by Chandra Asri Pacific.
Thu, 18 Jun 2026, 08:28 WIB
BPJPH Chief Secretary Urges Pati Regency to Facilitate Halal Certification for Micro and Small Enterprises
The Halal Product Assurance Agency (BPJPH) is urging the Pati Regency government to expand halal certification support for micro and small enterprises ahead of the October 2026 mandatory halal deadline. Funding and assistance can be sourced collaboratively through local government, BAZNAS, the Indonesian Waqf Board, and corporate social responsibility programmes. The initiative aims to strengthen the local halal ecosystem and boost the competitiveness of regional products in both national and global markets.
Thu, 18 Jun 2026, 08:27 WIB
Hajj Minister Reveals Fate of Next Year's Hajj Costs, Will They Rise?
Minister of Hajj Muhammad Irfan Yusuf has stated the government is striving to lower Hajj costs for 2027, despite challenges including rising aviation fuel prices and global uncertainty. Discussions with the House of Representatives (DPR) are planned, while President Prabowo Subianto has expressed satisfaction with reduced waiting times and urged further cuts to bring the queue down to 26 years.
Thu, 18 Jun 2026, 08:27 WIB
Cambodian Cyber Tycoon and ‘Singapore Washing’
A Canadian influencer has exposed a public relations tactic allegedly used by a Cambodian cyber tycoon to launder his reputation through Singapore-linked entities. The report highlights ongoing concerns over transnational financial crime in the Asia-Pacific and the use of sophisticated image-cleansing strategies by high-profile individuals under investigation.
Thu, 18 Jun 2026, 08:26 WIB
North Sumatra Government and Finland Explore Waste-to-Energy Cooperation
North Sumatra Governor Bobby Nasution is exploring a partnership with Finland to develop waste-to-energy (PSEL) facilities, aiming to tackle waste management challenges and boost electricity supply. Finland's ambassador expressed readiness to provide modular technology and public education, citing the country's success in reducing landfill waste to just one percent. The collaboration may also extend to downstream industries, particularly palm oil processing.
Thu, 18 Jun 2026, 08:26 WIB
KPK Investigates Alleged US$1 Million Flow to House Special Committee in Hajj Quota Corruption Case
Indonesia's Corruption Eradication Commission (KPK) is probing allegations that US$1 million was channelled from the Ministry of Religious Affairs to a House of Representatives special committee. The investigation is part of a broader corruption case involving the manipulation of hajj quotas for 2023-2024, which has already resulted in several arrests. A state audit has identified potential losses of Rp622 billion linked to the scandal.
Thu, 18 Jun 2026, 08:25 WIB
First Hearing for Former Ombudsman Chairman Hery Susanto Set for 24 June
The inaugural trial of former Indonesian Ombudsman Chairman Hery Susanto, accused of accepting bribes in a nickel mining governance case, is scheduled for 24 June 2026 at the Central Jakarta District Court. The Attorney General's Office alleges Susanto received cash and a house worth billions of rupiah from several company directors to manipulate non-tax state revenue calculations. The case highlights ongoing efforts to prosecute corruption in the country's mining sector.
Thu, 18 Jun 2026, 08:25 WIB
PLN's Coal Supply for Power Plants Falls Short by 20 Million Tonnes
Indonesia's state electricity company PLN faces a 20 million tonne coal supply deficit for its power plants, with contracted volumes reaching only 134 million tonnes against a 154 million tonne annual requirement. The Ministry of Energy and Mineral Resources is working to synchronise actual demand with domestic producers' commitments and adjust production plans to avert stockpile risks. A special procurement team has been formed under presidential direction to resolve the shortfall, which is partly attributed to dwindling availability of affordable medium-grade coal.
Thu, 18 Jun 2026, 08:24 WIB
Indonesia presses on with Russian crude imports under presidential energy security directive
Indonesia will continue importing crude oil from Russia as part of a broader strategy to bolster national energy reserves, despite the potential reopening of the Strait of Hormuz. The policy follows President Prabowo Subianto’s 2026 regulation authorising entities such as Lemigas to procure crude, with a target of 150 million barrels from Russia by end-2026. The government is also diversifying supply by sourcing from Africa and the United States to strengthen energy security.
Thu, 18 Jun 2026, 08:23 WIB
UI Student Body Criticises Qodari's Reasoning on Free Nutritious Meals: Completely Wrong
The University of Indonesia's Student Executive Board (BEM UI) has challenged the government's claim that the Free Nutritious Meals (MBG) programme cannot be halted. BEM UI argues that a populist policy should not be immune to review simply because it was a campaign promise or has existing beneficiaries. The students warned that such flagship programmes must not undermine other fundamental rights of citizens.
Thu, 18 Jun 2026, 08:22 WIB
KPK Receives Information on Extortion Practices in Immigration Offices Across Multiple Regions
Indonesia's Corruption Eradication Commission (KPK) has received new reports from the public regarding alleged extortion practices in immigration offices outside Jakarta. This follows a recent sting operation that led to the arrest of 17 individuals and the designation of eight suspects, including former high-ranking immigration officials, in a case involving Rp145.5 billion in illicit gains from residence permit processing.
Thu, 18 Jun 2026, 08:21 WIB
US-Iran Peace Memorandum Signed in English and Farsi
The United States and Iran have signed a memorandum of understanding to end hostilities, with the document executed in both English and Farsi at Tehran's request. Iran's Foreign Ministry emphasised the dual-language text ensures transparency and equal authenticity. Pakistan, which mediated alongside Qatar, announced the agreement takes immediate effect, including the reopening of the Strait of Hormuz and the lifting of the US naval blockade.
Thu, 18 Jun 2026, 08:20 WIB
New Scam Method Drains Bank Accounts via TikTok and Instagram Videos
Cybercriminals are exploiting TikTok and Instagram Reels to distribute malware through professionally crafted tutorial videos. The scams lure users with offers of free access to premium services like Spotify and Microsoft Word, ultimately deploying VidarStealer malware to harvest financial credentials and tokens. Researchers warn that user engagement with these videos amplifies their reach via platform algorithms.
Thu, 18 Jun 2026, 08:19 WIB
Kadin Highlights Key Factor to Accelerate National Economic Growth
The Indonesian Chamber of Commerce and Industry (Kadin) has stressed that job creation is essential for driving national economic growth amid global challenges. Chairman Anindya Bakrie stated that Indonesia needs 4 to 5 million new jobs annually to absorb the growing workforce. He called for modernisation and acceleration of the current economic direction to achieve the Golden Indonesia 2045 vision.
Thu, 18 Jun 2026, 08:17 WIB
Lawyer Elza Syarief Stuns Colleague by Accusing Sony Sonjaya of Dishonesty After Just a Two-Hour Meeting
A dispute has erupted within the legal team of former Deputy Head of the National Nutrition Agency, Sony Sonjaya, after senior lawyer Elza Syarief withdrew, citing his dishonesty. Her co-counsel, Krisna Murti, expressed bewilderment at the accusation, noting that Syarief had only met their client for two hours during a single examination session. Murti also claimed the family had revoked Syarief's power of attorney, contradicting her statement that she resigned voluntarily.
Thu, 18 Jun 2026, 08:17 WIB
Dony Oskaria's SOE Clean-Up: Pelindo's Profit Jumps 94% as of May 2026
Indonesia's State-Owned Enterprise (SOE) oversight body is pushing port operator Pelindo to enhance its role in national logistics. The company's ongoing transformation has yielded significant results, with year-to-date profit soaring 94% to Rp2.01 trillion as of May 2026. A new hybrid corporate model is being developed to strengthen operational coordination and asset utilisation across the archipelago.
Thu, 18 Jun 2026, 08:15 WIB
Customs DG Name Surfaces in Trial, KPK Chief Responds
The head of Indonesia's Corruption Eradication Commission (KPK) has stated that investigators will scrutinise the names of senior customs officials, including the Director General of Customs and Excise, that emerged during a graft trial. The case involves alleged bribery and gratuities related to the import of counterfeit goods within the Directorate General of Customs and Excise. The KPK has already named several suspects, including customs enforcement directors and private sector actors, and is probing further into suspected excise-related corruption after seizing Rp5.19 billion in cash.
Thu, 18 Jun 2026, 08:13 WIB
Trump: G7 Nations Ready to Engage in Securing the Strait of Hormuz
US President Donald Trump stated that G7 member countries are prepared to deploy forces to safeguard freedom of navigation in the Strait of Hormuz. He noted that the United Kingdom and Japan have specifically offered to participate in the security effort. The announcement comes as Iran and the US finalise a memorandum of understanding on nuclear negotiations, scheduled for signing in Switzerland on 19 June.
Thu, 18 Jun 2026, 08:11 WIB
Hetzer Medical Indonesia to Add Metal Fabrication Services to Optimise CNC Machines
PT Hetzer Medical Indonesia Tbk, a medical equipment manufacturer, plans to diversify into precision metal fabrication services to maximise the use of its existing CNC machinery. The company will invest IDR 8.97 billion in new equipment and expects the new business line to generate a net profit of IDR 4.40 billion in its first year. Shareholder approval for the expansion will be sought at a meeting on 22 June 2026.
Thu, 18 Jun 2026, 08:11 WIB
Citatah Plans Entry into Ceramics and Porcelain Slab Trading
PT Citatah Tbk (CTTH), a marble and natural stone producer, has announced plans to expand into the wholesale trading of construction materials, including porcelain slabs and premium tiles. The asset-light venture is projected to generate Rp49.68 billion in first-year revenue, rising to Rp86.23 billion by year five. Shareholders will vote on the proposed business diversification at an extraordinary general meeting on 19 June 2026.
Thu, 18 Jun 2026, 08:10 WIB
Innovative financing must be placed within conservation framework, says deputy minister
Indonesia's Deputy Minister of Forestry has stressed that innovative financing schemes for national parks must prioritise ecological functions over commercialisation. A new presidential task force will develop funding instruments for iconic species and protected areas from 2026 to 2030. The government is also reinforcing carbon economic value policies to align with its FOLU Net Sink 2030 climate goals.
Thu, 18 Jun 2026, 08:10 WIB
Purbaya's Working Visit to China: Results of Meetings with Finance Minister and AIIB
Finance Minister Purbaya Yudhi Sadewa visited Beijing to secure financing ahead of a Panda Bond issuance, meeting with China's Finance Minister Lan Fo'an. Indonesia subsequently secured a US$17 billion funding commitment from the Asian Infrastructure Investment Bank (AIIB) for national development projects between 2025 and 2029. The AIIB also expressed interest in opening a representative office in Jakarta to strengthen cooperation.
Thu, 18 Jun 2026, 08:08 WIB
Purbaya Meets Chinese Finance Minister to Accelerate Panda Bond Issuance
Indonesian Finance Minister Purbaya Yudhi Sadewa met his Chinese counterpart Lan Fo'an in Beijing to expedite the issuance of a sovereign Panda Bond. The move is part of a long-term strategy to diversify Indonesia's development financing sources and broaden its investor base amid global economic uncertainty. The bond is also intended to strengthen bilateral economic ties and promote the use of local currencies in transactions between the two nations.
Thu, 18 Jun 2026, 08:05 WIB
IHSG Weakens, Foreign Investors Unanimously Scoop Up These 10 Stocks
The Jakarta Composite Index (IHSG) fell 0.55% to 6,220.74 on Wednesday, snapping a recent rally, yet foreign investors recorded a substantial net buy of Rp2.51 trillion across all markets. Despite the overall index decline, overseas funds aggressively accumulated shares in major banks, miners, and retailers. The top targets included Bank Rakyat Indonesia, Bank Central Asia, and Aneka Tambang.
Thu, 18 Jun 2026, 08:05 WIB
14-Point US-Iran MoU: Tehran Scores Big, Trump Saves Face
A 14-point memorandum of understanding between the US and Iran, set to be signed in Switzerland, is being framed by Washington as a major success, but a closer analysis reveals Iran gained the most strategic advantages. The deal halts hostilities, reopens the Strait of Hormuz, and eases sanctions without dismantling Iran's nuclear programme or regional influence. While the US secures a politically viable exit and stabilises energy markets, Iran preserves its regime, strategic leverage, and core capabilities.
Thu, 18 Jun 2026, 08:04 WIB
Ebola death toll in DR Congo reaches 196
The Ebola outbreak in the Democratic Republic of the Congo has claimed 196 lives, with confirmed cases rising to 837. The latest infections are concentrated in Ituri Province, and the World Health Organization has previously declared the cross-border outbreak a public health emergency of international concern.
Thu, 18 Jun 2026, 08:01 WIB
Alleged New Mode of Illegal Levy on Funerals in Jakarta
The Jakarta Parks and Cemeteries Agency has revealed a suspected new mode of illegal levies (pungli) for funeral services, now allegedly involving neighbourhood and community unit heads (RT/RW). Officials acknowledged that while internal graft among cemetery staff has declined, external actors are now charging families during burial processes. The city council has demanded a thorough evaluation of the free funeral programme to prevent continued exploitation of residents.