Archive: 18 June 2026
Showing 1,551-1,600 of 1,644 articles
Thu, 18 Jun 2026, 07:02 WIB
Hajj Pilgrims Still Have Opportunity for Self-Improvement Before Returning Home
Indonesian Hajj pilgrims are being encouraged to continue seeking self-improvement and divine acceptance of their rituals before departing Saudi Arabia. Officials emphasise the importance of humility, repentance, and prayer to ensure their pilgrimage is deemed mabrur (accepted). The spiritual transformation achieved during Hajj is expected to manifest in improved personal conduct and positive contributions to society upon their return.
Thu, 18 Jun 2026, 07:02 WIB
Execution of Hotel Sultan Land in GBK Proceeds Today, Thousands of Officers Deployed
The Jakarta District Court is proceeding with the execution of the land eviction for Hotel Sultan in the Gelora Bung Karno (GBK) complex today, despite opposition from the management company, PT Indobuildco. Thousands of joint security personnel have been deployed to oversee the operation, following a court ruling that mandates the site be vacated. The execution comes after workers staged a protest at the hotel on Wednesday, rejecting the eviction order.
Thu, 18 Jun 2026, 07:02 WIB
PDIP Politicians Deny Allegations of Links to Activist Tiyo Ardianto
Several senior PDIP politicians have refuted claims by a student alliance that the party has a political network involving former UGM student leader Tiyo Ardianto. The allegations, which cited a vehicle registration and the presence of a party figure at a protest, were dismissed as an attempt to delegitimise criticism and obscure substantive issues. PDIP officials asserted the party does not mobilise student protests and that such accusations are baseless.
Thu, 18 Jun 2026, 07:00 WIB
Tragic: Patient Dies En Route After Dompu Residents Block Road
A patient in Dompu, West Nusa Tenggara, died in a vehicle while stuck in traffic caused by a road blockade. The blockade was staged by villagers protesting a land auction, preventing the victim from reaching the hospital in time. The victim's family has reportedly accepted the incident as fate and will not pursue the matter further.
Thu, 18 Jun 2026, 07:00 WIB
Coal Prices Plunge Nearly 9%, Is Indonesia Playing a Part?
Global coal prices have extended their losing streak to four consecutive sessions, shedding almost 9% amid weak Chinese demand and ample cheap import stocks. Meanwhile, Indonesia has signalled a relaxation of national production quotas for 2026, targeting output above 600 million tonnes to secure domestic energy supply for PLN.
Thu, 18 Jun 2026, 07:00 WIB
Bank Woori Saudara Bandar Lampung Educates STIE Gentiaras Students on Financial Literacy
PT Bank Woori Saudara Indonesia 1906 Tbk conducted a financial literacy programme for students at STIE Gentiaras in Bandar Lampung to promote early saving habits and awareness of digital crime. The session, part of the management student association's anniversary, covered strategic financial planning and cybersecurity threats like scams and phishing. The initiative forms part of the bank's corporate social responsibility efforts to boost national financial inclusion among the youth.
Thu, 18 Jun 2026, 07:00 WIB
DKI Jakarta Tax Office Opens Samsat Booth at PRJ, Waives Vehicle Tax Penalties
The DKI Jakarta Regional Revenue Agency (Bapenda) has set up a Samsat booth at the Jakarta Fair (PRJ) to facilitate vehicle tax payments. As part of the city's 499th anniversary, the agency is waiving administrative penalties for motor vehicle tax (PKB) and vehicle title transfer fees (BBNKB) from 1 June to 31 August 2026. The initiative aims to ease the burden on taxpayers, improve compliance, and boost local revenue for public development.
Thu, 18 Jun 2026, 06:59 WIB
Indonesia Strengthens ESG Standards for Sustainable Critical Mineral Downstreaming
The Indonesian government is reinforcing Environmental, Social, and Governance (ESG) principles in critical mineral management to ensure the national downstreaming programme meets global market demands. The Ministry of Energy and Mineral Resources is using instruments like the annual Work Plan and Budget (RKAB) to balance production, reserve security, and industrial supply. The 2026 mineral and coal policy also integrates domestic market obligations, state revenue optimisation, and mandatory environmental guarantees to align economic benefits with sustainability.
Thu, 18 Jun 2026, 06:59 WIB
Shipping Recovery in Strait of Hormuz Could Take Weeks
Despite a US-Iran agreement to reopen the Strait of Hormuz, major shipping operators like Mitsui OSK Lines anticipate a cautious and gradual return to normal traffic. Industry leaders stress that tangible proof of safe passage is required before vessels resume transit through the critical energy and goods corridor. The International Maritime Organization is exploring a coordinated evacuation for approximately 500 ships currently waiting in the region.
Thu, 18 Jun 2026, 06:55 WIB
BP BUMN and Danantara Target Completion of State-Owned Insurance Consolidation by 2026
Indonesia's BP BUMN and Danantara are aiming to finalise the consolidation of state-owned insurance firms under the Indonesia Financial Group (IFG) by 2026. The merger is intended to create a healthier, more efficient, and competitive insurance ecosystem. The initiative is expected to strengthen underwriting capacity, operational efficiency, and the sector's role in supporting national economic development.
Thu, 18 Jun 2026, 06:55 WIB
Purbaya Secures Rp300.9 Trillion in Indonesian Project Funding from AIIB
Indonesia has secured a US$17 billion funding commitment from the Asian Infrastructure Investment Bank (AIIB) for national development projects between 2025 and 2029. Finance Minister Purbaya Yudhi Sadewa announced the deal following bilateral talks in Beijing, highlighting AIIB's confidence in Indonesia's fiscal management. The bank also expressed interest in opening a representative office in Jakarta to strengthen coordination.
Thu, 18 Jun 2026, 06:53 WIB
Yesterday's legal roundup: Silmy case witnesses to BGN electric motorcycle warehouse sealed
Indonesia's Corruption Eradication Commission (KPK) has begun summoning witnesses in an alleged extortion case involving former Deputy Minister Silmy Karim at the Directorate General of Immigration. Meanwhile, the Attorney General's Office sealed a warehouse of electric motorcycles belonging to the National Nutrition Agency (BGN) in Bogor as part of a corruption investigation into the Free Nutritious Meals programme. Other developments include a Rp350 million fine for PT Acset Indonusa in the MBZ toll road corruption case and a KPK examination of a lecturer in a railway project bribery probe.
Thu, 18 Jun 2026, 06:52 WIB
Jakarta crime roundup: student stabbing, 'septic tank' sticker drug modus
A series of criminal incidents in Jakarta included the arrest of two students for a fatal stabbing in West Jakarta and the uncovering of a novel drug trafficking method. Police also reported a growing umrah travel scam with losses exceeding Rp35 billion and the arrest of a viral extortion suspect. In East Jakarta, a dealer was caught using 'Sedot WC' septic tank service stickers to market methamphetamine and synthetic tobacco.
Thu, 18 Jun 2026, 06:51 WIB
Hidden in the Arctic, Svalbard's Treasure of 1.4 Million Seeds Prepared to Face Global Crisis
The Svalbard Global Seed Vault in Norway has bolstered its role as the ultimate safeguard for global food security, now housing over 1.4 million seed samples after its latest deposit. The facility received more than 15,000 new samples from 11 international gene banks, including major contributions from South Korea and the United Kingdom. Amid escalating threats from climate change and geopolitical instability, the vault serves as a critical backup for the world's crop diversity and a strategic asset for developing resilient future varieties.
Thu, 18 Jun 2026, 06:49 WIB
Pigai Blasts Komnas HAM Over Free Nutritious Meals Programme: They Don't Understand Human Rights Principles!
Human Rights Minister Natalius Pigai has sharply criticised the National Commission on Human Rights (Komnas HAM) for suggesting the Free Nutritious Meals (MBG) programme may contain human rights violations. Pigai argued that an ongoing development programme should be subject to evaluation rather than immediately labelled a rights violation, and that any mismanagement should be treated as an administrative or criminal matter. He further questioned the commissioners' grasp of human rights principles.
Thu, 18 Jun 2026, 06:48 WIB
KPK Scrutinises Names Emerging in Customs Corruption Trial
Indonesia's Corruption Eradication Commission (KPK) is closely examining the names of several high-ranking officials that have surfaced during the ongoing trial of a corruption case within the Directorate General of Customs and Excise. The officials mentioned include the Director General of Customs and Excise, a senior functional official, and a member of the Audit Board of Indonesia (BPK). The KPK has stated that investigators will not ignore these leads and will thoroughly review the information as the prosecution presents its case.
Thu, 18 Jun 2026, 06:42 WIB
A Bridge Between Mexico and Indonesia in the Land of the Sombrero
A private school in Mexico named 'Colegio Indonesia' is fostering cultural ties between the two nations, driven by its founder's deep affection for Indonesia. Established independently in 1979 by former teacher Isabel Olguin Romo, the school integrates Indonesian studies into its curriculum and regularly participates in Indonesian independence day ceremonies. The institution stands as a unique, self-funded bridge between the countries, separate from the two other state-linked schools bearing Indonesia's name in Mexico.
Thu, 18 Jun 2026, 06:41 WIB
Peradi Chairman Otto Hasibuan Sued Again Over Concurrent Posts at East Jakarta District Court
Otto Hasibuan, Chairman of the Indonesian Advocates Association (Peradi), faces a new lawsuit at the East Jakarta District Court for alleged unlawful acts. The suit claims he violated Constitutional Court rulings by simultaneously serving as a state official and Peradi chairman, exceeding term limits, and creating a conflict of interest.
Thu, 18 Jun 2026, 06:40 WIB
Gold Price Plunges 2% After Fed Shock, Trump Emerges as Saviour
Gold prices tumbled nearly 2% after the Federal Reserve signalled a potential rate hike later this year under new Chair Kevin Warsh. The hawkish outlook strengthened the US dollar, making bullion more expensive for foreign buyers. However, prices recovered slightly after US President Donald Trump and Iranian President Masoud Pezeshkian signed a memorandum of understanding aimed at ending their conflict, easing inflation fears.
Thu, 18 Jun 2026, 06:37 WIB
Government Prepares Transport Stimulus, Prabowo Cancels Russia Trip
The Indonesian government is preparing a transport tariff stimulus package for the second half of 2026 to boost economic activity during school holidays and year-end celebrations. Meanwhile, President Prabowo Subianto has cancelled his planned visit to Russia for the ASEAN-Russia summit, with the palace citing recent meetings with President Putin and ASEAN leaders.
Thu, 18 Jun 2026, 06:34 WIB
Yesterday: Digital social protection target to coal production relaxation
A roundup of key economic developments from Wednesday includes a target to launch a digital social protection system by late 2026, bilateral talks between Indonesia and China to strengthen financing strategies, and a relaxation of coal production quotas in response to rising prices.
Thu, 18 Jun 2026, 06:33 WIB
PDIP Legislator Questions Relevance of Semi-Military Training for KDMP Managers
A PDIP lawmaker has criticised the military-style training for prospective managers of the Village Red-and-White Cooperatives (KDMP), questioning its relevance to their actual business duties. Mufti Anam argued that the programme should focus on business, accounting, and entrepreneurial skills rather than barracks-style discipline. He urged the government to evaluate the recruitment process to ensure the programme's goal of improving village economies and member welfare is met.
Thu, 18 Jun 2026, 06:30 WIB
SPMB 2026 FAQ: Entry Requirements for Primary and Junior Secondary Schools, Pathways, and Required Documents
Ahead of the 2026 New Student Admission System (SPMB), a comprehensive FAQ has been released detailing the entry requirements, selection pathways, and necessary documentation for primary (SD) and junior secondary (SMP) school enrolment. The guide clarifies age requirements, prohibits reading and writing tests for SD entry, and outlines the four SMP pathways including domicile, achievement, affirmation, and mutation. It also provides technical support contacts for applicants experiencing issues with the online system.
Thu, 18 Jun 2026, 06:30 WIB
US and Iran Sign Peace Deal, Strait of Hormuz to Reopen
The United States and Iran have formally signed a memorandum of understanding to end hostilities and reopen the Strait of Hormuz, a critical global energy chokepoint. The agreement was signed electronically ahead of schedule, with President Donald Trump directly affixing his signature. A planned meeting in Switzerland will proceed, aiming to pave the way for final negotiations on Iran's nuclear programme.
Thu, 18 Jun 2026, 06:29 WIB
Vice President Gibran Embarks on Working Visit to NTT and Papua, Invites Five Students
Vice President Gibran Rakabuming Raka has commenced a working visit to five provinces, including East Nusa Tenggara and Papua, accompanied by five university students. The trip aims to inspect the implementation of priority government programmes such as the Free Nutritious Meals initiative and strategic infrastructure projects. The visit underscores the administration's commitment to accelerating development and strengthening synergy with local governments in eastern Indonesia.
Thu, 18 Jun 2026, 06:26 WIB
List of GBK Gates and Areas Closed Due to Hotel Sultan Execution
The Gelora Bung Karno (GBK) complex management has announced temporary closures of several gates and facilities on Thursday to facilitate the court-ordered eviction of the former Hotel Sultan site. The execution, mandated by the Central Jakarta District Court, faces continued opposition from the hotel's operator, PT Indobuildco, whose legal counsel argues the dispute concerns land status, not the building or business. Access to the complex will be rerouted, with other areas operating normally.
Thu, 18 Jun 2026, 06:26 WIB
Kadin Emphasizes the Importance of Creating Jobs as the Key to Boosting the Indonesian Economy
The Indonesian Chamber of Commerce and Industry (Kadin) has stressed that creating 4 to 5 million new jobs annually is essential for driving national economic growth. Chairman Anindya Bakrie made the remarks during a public hearing on the Kadin Bill, highlighting the need for increased trade, industrialisation, and investment to modernise the economy. Kadin aims to serve as a strategic government partner in realising the Indonesia Emas 2045 vision amid global challenges.
Thu, 18 Jun 2026, 06:25 WIB
The Fed Signals Rate Hike, All Eyes Now on Bank Indonesia
Global markets reacted negatively after the US Federal Reserve's dot plot signalled a potential rate hike in 2026, despite holding rates steady. Attention now shifts to Bank Indonesia as domestic markets, including the rupiah and IHSG, face continued pressure amid heightened external uncertainty.
Thu, 18 Jun 2026, 06:23 WIB
Will Pertamax Prices Fall When Global Oil Prices Drop? ESDM: Definitely
Indonesia's Ministry of Energy and Mineral Resources (ESDM) has confirmed that non-subsidised fuel prices, including Pertamax, will decrease in line with any fall in global crude oil prices. The ministry emphasised that while subsidised fuels like Pertalite remain protected, non-subsidised fuels follow market mechanisms. The government has previously intervened to delay price hikes to protect purchasing power, but state-owned enterprises must eventually adjust to economic realities.
Thu, 18 Jun 2026, 06:22 WIB
Indonesia's Strategy Towards Sustainable Food Self-Sufficiency
President Prabowo Subianto announced Indonesia achieved full food self-sufficiency in 2025, with the self-sufficiency ratio reaching 110.25 percent. This milestone was driven by a significant rise in rice production to 34.69 million tonnes, supported by expanded harvest areas and record government rice reserves of 4 million tonnes. Key policy reforms included simplifying fertiliser subsidy regulations and reducing retail prices by 20 percent, directly benefiting farmers.
Thu, 18 Jun 2026, 06:22 WIB
Analyst says Hercules MRO at Kertajati must be under Indonesian control
A defence analyst has urged that a planned maintenance, repair, and overhaul (MRO) centre for C-130 Hercules aircraft at Kertajati Airport must remain under full Indonesian authority. The call follows a meeting between the Indonesian and US defence ministers, where the site was proposed as a regional hub. The analyst stressed the need for clear operational boundaries and public transparency to ensure the facility serves national interests.
Thu, 18 Jun 2026, 06:15 WIB
South Korea Relaxes Military Zone to Boost Economy Along North Korean Border
South Korea plans to narrow the Civilian Control Line near the border with North Korea to unlock economic development and ease land-use restrictions for residents. The reform will reduce the buffer zone from up to 10 kilometres to an average of 6 kilometres, opening approximately 270 square kilometres for potential development. The government will also dismantle obsolete military structures and introduce digital permits to support local farming and property projects.
Thu, 18 Jun 2026, 06:11 WIB
Elza Syarief Withdraws as Sony Sonjaya's Lawyer, Citing Dishonesty in Free Nutritious Meal Corruption Case
Lawyer Elza Syarief has resigned from the defence team of former Deputy Head of the National Nutrition Agency (BGN) Sony Sonjaya, accusing him of dishonesty in the corruption case surrounding the Free Nutritious Meal (MBG) programme. The Attorney General's Office is currently reviewing Sonjaya's justice collaborator application and has not ruled out applying money laundering charges. Five suspects, including former BGN executives and a private sector associate, have been named in the case involving the sale of meal distribution points and procurement mark-ups.
Thu, 18 Jun 2026, 06:09 WIB
Tomy Winata: Indonesia Remains Attractive to Investors, Do Not Hesitate to Invest
National entrepreneur Tomy Winata has urged investors to remain confident in Indonesia's economic prospects despite global uncertainty. Speaking in Bali, he highlighted the country's strategic position and called for unity, stability, and adherence to government regulations to maintain investor trust. He also emphasised measured investment, healthy competition, and the strong potential of Bali beyond just tourism.
Thu, 18 Jun 2026, 06:05 WIB
G7 Urges Lebanon Ceasefire, Welcomes US-Iran Peace
G7 leaders have called for an immediate ceasefire in Lebanon and cautiously welcomed a temporary US-Iran agreement aimed at ending prolonged Middle Eastern conflict. The deal, expected to be formally announced on 19 June, includes a 60-day truce extension and a proposed $300 billion reconstruction fund for Iran, though concerns remain over Tehran's nuclear programme and regional influence. The prospect of peace has also eased oil prices, with Brent crude falling below $80 per barrel.
Thu, 18 Jun 2026, 06:01 WIB
UGM Students Explain Why They Stormed Discussion Event: 'Take Officials to the Street'
Students from Gadjah Mada University (UGM) have clarified their disruption of a campus discussion attended by three senior government officials, stating they intended to bring the officials into a neutral public space to question their allegiance to the people. The protest, which led to the officials' evacuation and a tense standoff, was described as a collective expression of frustration over perceived government oppression and a lack of genuine dialogue. The students issued four demands, including the release of political prisoners and the withdrawal of the military from civilian spaces, and warned that failure to meet them would signify the death of democracy.
Thu, 18 Jun 2026, 06:00 WIB
Deep Disappointment: Father in Lombok Burns Daughter's Certificates and Uniform After Child Marriage
A father in West Lombok, NTB, publicly burned his daughter's school certificates and uniforms in a viral video, expressing profound disappointment after she married at a young age while still in junior high school. The village head confirmed the incident, explaining the marriage followed the girl returning home late, which under local custom led to her being handed over to the boyfriend's family. Authorities had attempted to prevent the child marriage through community outreach, and officials denied rumours that the union was due to an out-of-wedlock pregnancy.
Thu, 18 Jun 2026, 05:53 WIB
Jakarta yesterday: 120 kg body evacuation to Pramono meeting Singapore ministers
A roundup of key events in Jakarta on Wednesday includes the evacuation of a 120-kilogram body from a narrow upper floor in Pulogadung and Governor Pramono Anung's meeting with two Singaporean ministers. The governor discussed strengthening bilateral cooperation in investment, urban development, and public transport. Other highlights cover efforts to curb illegal parking and ensure a labour-intensive programme reaches the right beneficiaries.
Thu, 18 Jun 2026, 05:50 WIB
Rismon to Hold Book Review of 'Authentication of Joko Widodo's Diploma' at UGM
Rismon Hasiholan Sianipar, previously involved in questioning the authenticity of former President Joko Widodo's diploma, has written a new book reversing his stance and plans to hold an academic review at Universitas Gadjah Mada. He claims Jokowi welcomed the book and encouraged its distribution to universities, insisting the work is a purely scientific study free from political affiliation. The book marks a significant revision of his earlier claims, which had led to a defamation case.
Thu, 18 Jun 2026, 05:45 WIB
Ministry of Defence Explains Basic Military Training Material for KDMP and KNMP Managers
Indonesia's Ministry of Defence has outlined the training curriculum for prospective managers of the Red and White Village/Sub-district Cooperatives (KDMP) and Fishermen's Villages (KNMP). The 45-day programme, involving over 35,000 participants, combines military discipline with managerial skills to instil leadership and a strong work ethic. The initiative aims to ensure these community service managers can operate optimally across the archipelago.
Thu, 18 Jun 2026, 05:45 WIB
War Leaves Scars: Elderly Lebanese Man Loses Home of 70 Years
A 90-year-old Lebanese man, Youssef Fares, has been displaced to a hospital after his home of over 70 years was damaged by an Israeli airstrike. The incident highlights the enduring civilian toll of regional conflict, even as a US-Iran agreement raises hopes for reduced tensions. Fares now resides in a hospital room in Tyre, overlooking the devastated landscape of his hometown.
Thu, 18 Jun 2026, 05:40 WIB
Indonesia Invites Investors for Giant Sea Wall Project
The Indonesian government is opening opportunities for private investors and multilateral development banks to finance the Giant Sea Wall project along Java's northern coast. The initiative, aimed at protecting Jakarta from coastal flooding, is being positioned as a strategic agenda for climate resilience and national economic protection. Deputy for Funding and Investment Mohammad Irfan Saleh confirmed various investment schemes are being prepared to attract participation.
Thu, 18 Jun 2026, 05:38 WIB
KPK Halts MBG Corruption Inquiry After Attorney General's Office Names Dadan and Others as Suspects
Indonesia's Corruption Eradication Commission (KPK) has suspended its preliminary investigation into alleged corruption in the free nutritious meal programme (MBG) after the Attorney General's Office (AGO) formally named several suspects. The AGO has charged five individuals, including the former head of the National Nutrition Agency, Dadan Hindayana, with procurement-related offences. The KPK stated it would defer to the AGO's more advanced criminal investigation.
Thu, 18 Jun 2026, 05:30 WIB
Minister of Hajj and Umrah Speaks Out on Next Year's Hajj Costs
Indonesia's Minister of Hajj and Umrah, Mochamad Irfan Yusuf, has stated that the cost of the 2027 pilgrimage will be discussed with Parliament, citing global economic uncertainties and Saudi Arabia's service upgrades as key factors. The government is also exploring the optimisation of 'Kampung Haji' to improve services while attempting to reduce costs for prospective pilgrims.
Thu, 18 Jun 2026, 05:29 WIB
AI War Heats Up: China Leverages 1.4 Billion Population Data to Challenge Silicon Valley
China is positioning itself as a formidable rival to the United States in the global artificial intelligence race by hosting the World AI Conference in 2026. Beijing's key strategic advantage lies in its vast population of 1.4 billion, which generates an unparalleled scale of data to fuel advanced AI model development. The competition extends beyond commercial technology into a broader geopolitical contest for dominance in artificial general intelligence, semiconductors, and military modernisation.
Thu, 18 Jun 2026, 05:13 WIB
KPK Chief Yet to Decide on Summons for Customs Director General After Alleged Rp 21 Billion Receipt
The head of Indonesia's Corruption Eradication Commission (KPK), Setyo Budiyanto, stated that investigators are scrutinising court revelations involving the Director General of Customs and Excise, who was alleged to have received a special allocation. The KPK will not overlook any facts emerging from the ongoing bribery trial. A decision on whether to summon the official will be made after a complete review of the trial proceedings.
Thu, 18 Jun 2026, 05:05 WIB
The Collapse of Supremacy and Impunity for Israel
A tentative US-Iran agreement aims to end the Middle East conflict, but Israel remains sceptical. Iran has shifted its military strategy to direct offensive action against Israel, challenging its long-held regional supremacy. The deal's requirement for a comprehensive ceasefire, including in Lebanon, faces significant hurdles due to ongoing Israeli operations and a separate, contested peace agreement.
Thu, 18 Jun 2026, 05:02 WIB
Viral KDMP Manager Recruitment Resembling Military Training, Agrinas CEO Responds
The recruitment process for prospective managers of the Village Red-and-White Cooperative (KDMP) has drawn public attention on social media due to its semi-military style. Agrinas Pangan Nusantara CEO Joao Angelo De Sousa Mota stated the training is crucial for nation character building and aligns with the constitutional mandate to develop cooperatives. The programme is organised by the Ministry of Administrative and Bureaucratic Reform and the National Civil Service Agency, with the Ministry of Defence assisting in the training.
Thu, 18 Jun 2026, 05:01 WIB
Mysterious Fires at Fia's House in Sleman Finally Cease
The series of mysterious fires at Mutfiana's home in Seyegan, Sleman, has stopped after 127 incidents, following the removal of flammable items and the installation of CCTV. Academic research from UGM and UPN concluded the fires were not caused by natural phenomena, with findings pointing to the possible role of PVC resin, and the case has now been handed over to the police for further investigation.
Thu, 18 Jun 2026, 05:00 WIB
Commentary: Beijing’s crackdown on overseas investing is making Hong Kong more important, not less
Beijing's recent penalties on overseas investment platforms are not a retreat into financial isolation but a strategic move to channel capital through supervised gateways like Hong Kong. The city is being repositioned as a controlled hub for cross-border flows, supported by schemes like Stock Connect and a growing yuan-denominated ecosystem. This approach allows China to offer households more investment choice while maintaining state oversight, creating a parallel financial system alongside the dollar-based order.