Indonesian Political, Business & Finance News

Archive: 1 June 2026

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Remains of Ryamizard Ryacudu Depart from Defence Ministry to Kalibata National Heroes' Cemetery

Retired General Ryamizard Ryacudu's remains were transported from the Defence Ministry to Kalibata National Heroes' Cemetery for a state funeral. The Defence Minister will preside over the military ceremony, honouring his service to Indonesia. The procession, escorted by Kostrad soldiers, departed at 11:14 AM WIB.

Marwah Wedding Organiser Owner in East Jakarta Revealed as Repeat Offender

A couple running a wedding organiser in East Jakarta have been arrested for defrauding 58 couples of Rp2.6 billion, with the wife identified as a repeat offender from a similar West Java case. Police confirmed they used new clients' funds to cover previous obligations, a 'gali lubang tutup lubang' scheme. The suspects face up to four years in prison, and authorities are urging more victims to come forward.

Dutchwoman Claims Kuntilanak Encounter in Java, Unexpected Reaction

Dutchwoman Augusta de Wit recounted her 1894 encounter with a kuntilanak in Java in her book 'Java, Fact and Fancies', describing the ghost's beauty, lethal methods, and survival tactics. Her account offers historical insight into European interpretations of Indonesian folklore.

Bung Hatta: Without Belief in the One and Only God, Pancasila Loses Meaning

Buya Anwar Abbas highlights Bung Hatta's assertion that Pancasila's first principle, 'Belief in the One and Only God', loses meaning without practical application in daily life. He warns that current societal ills such as corruption and political misconduct stem from leaders prioritising self-interest over ethical governance. Abbas urges a return to Pancasila's core values to restore transparency and accountability in national life.

Hasto Highlights Militarism in Democracy, Rejects Silencing of Critical Civil Society

PDIP leader Hasto Kristiyanto has criticised the growing militarism in Indonesia's democracy, warning of a shift towards authoritarian populism under President Jokowi's second term. He condemned the centralisation of power and loss of judicial independence, urging reflection on Pancasila's role in governance.

President Prabowo Ready to Face Resistance from Illegal Economic Actors

President Prabowo Subianto has declared his government's readiness to confront illegal economic activities and corruption, warning that such practices undermine national sovereignty and economic stability. He stressed the need for tough decisions to protect future generations and implement a Pancasila-based economic transformation to ensure equitable growth.

Colonel (Inf) Didin Nasruddin Summoned to Meet President Prabowo: Who Is He?

President Prabowo Subianto has praised Colonel Didin Nasruddin for his performance at the Pancasila Day ceremony and requested a meeting. The military officer, a 2001 graduate of the Military Academy and current Territorial Section Chief in Bali, has previously led military commands in Surabaya and Blitar. Prabowo reiterated his administration's commitment to tackling corruption and illegal economic activities as part of broader governance reforms.

US Dollar Strengthens as Foreign Tourist Visits to Nusa Penida Surge Ahead of High Season

The US dollar's strengthening against the rupiah coincided with a significant rise in foreign tourist arrivals to Nusa Penida in May 2026, with daily revenue exceeding Rp2.4 billion. While the Klungkung Tourism Office has not confirmed a direct correlation, officials cited factors such as easing Middle East conflicts and system improvements. The department has raised its 2026 Local Revenue (PAD) target to Rp130 billion, up from last year's target of Rp90 billion.

Pertamina Lowers Non-subsidised Diesel Prices Effective 1 June 2026

PT Pertamina has reduced non-subsidised diesel prices for Dexlite and Dex in Jabodetabek, effective 1 June 2026, with Dexlite dropping to Rp23,000 per litre from Rp26,000 and Dex to Rp24,800 from Rp27,900. However, Pertamax Turbo saw a price increase to Rp20,750 per litre. The adjustments follow a ministerial decree updating pricing formulas for public fuel stations.

Sukuk Remains Prime Investment Choice for Islamic Insurance Industry

The Association of Islamic Insurance Indonesia (AASI) reports that sukuk remains the top investment choice for Islamic insurers, with National Sharia Securities (SBSN) allocations surging from Rp6.26 trillion to Rp13.16 trillion between Q1 2022 and Q1 2026. Industry leaders stress the need for longer-term sukuk to align with long-term insurance products and deeper market development to boost liquidity and product diversity post-spin off.

Dishub DKI admits poor coordination as concert caused severe traffic congestion at Rasunda Said

Jakarta's Transportation Department has admitted that poor coordination with event organisers caused severe traffic congestion following a concert at Rasunda Said. The department emphasised the importance of early coordination to implement traffic management measures and prevent future disruptions.

East Jakarta Wedding Organiser Fraud: 'Robbing Peter to Pay Paul' Scheme

East Jakarta police have uncovered a wedding organiser scam where a couple used new clients' payments to cover expenses for previous events, leading to multiple failed weddings. The suspects, RM and ER, defrauded 58 couples of Rp2.6 billion, with ER identified as a repeat offender. Authorities are urging victims to come forward as investigations continue.

Ministry of Home Affairs Awards Sulawesi Local Governments for Success in Reducing Unemployment

The Ministry of Home Affairs has recognised several Sulawesi regional governments for their success in reducing unemployment through effective policies and innovative programmes. The awards, part of a regional event, aim to encourage fair competition and strengthen employment initiatives to support national economic growth.

InJourney Strengthens Facility Readiness at 14 Airports for Hajj Pilgrims' Return

InJourney Airports is enhancing preparedness across 14 Indonesian airports to ensure smooth repatriation of over 200,000 Hajj pilgrims from June to July 2026. The measures include streamlined arrival processes, coordination with stakeholders, and tailored operations at each airport to handle flight slots, taxiways, parking, and bus transfers to Hajj dormitories.

KPK to Detain Two Private Sector Suspects in Hajj Quota Corruption Case

The KPK is preparing to detain two private sector suspects linked to a corruption case involving the 2023-2024 Hajj quota, which implicated former Religious Affairs Minister Yaqut Cholil Qoumas. The suspects, from PT Makassar Toraja and Asosiasi Kesthuri, allegedly facilitated bribes totaling USD 35,000 through intermediaries, with the State Audit Agency estimating Rp622 billion in state losses.

Building Industry Synergy: UBSI Yogyakarta Campus Explores Internship Collaboration with Grand Diamond Hotel

UBSI Yogyakarta Campus has initiated discussions with Grand Diamond Hotel to establish internship partnerships, aiming to bridge industry and education. Both sides emphasise the mutual benefits, including enhanced student competencies and addressing the hospitality sector's need for skilled young talent. The collaboration underscores UBSI's commitment to fostering strong industry ties for graduate employability.

Hanania Travel's Failed Umrah Case: Ministry of Hajj Must Ensure Pilgrims' Rights

MPR Deputy Speaker Hidayat Nur Wahid has called on the Ministry of Hajj and Umrah to protect pilgrims affected by Hanania Travel's failed umrah operations under Law No. 14 of 2025. Jakarta police have charged the company's CEO with fraud affecting hundreds, including a Rp 78.8 million case. The law enforces clearer pilgrim protections and complaint procedures.

KPK set to detain two suspects in hajj quota corruption case

The KPK is preparing to detain two suspects in a case involving alleged corruption of Indonesia's 2023-2024 hajj quota, with the detention expected within the coming weeks. The suspects, including a former head of a hajj travel association, are accused of causing state losses amounting to Rp622 billion, according to a BPK audit. The agency is ensuring sufficient evidence is gathered before proceeding with formal detention.

June 2026 Public Holiday List: National Holidays and Weekend Dates

The Indonesian government has confirmed two national holidays for June 2026: Pancasila Day on 1 June and Islamic New Year on 16 June. With no communal leave days scheduled for June, these holidays create extended weekends, enabling citizens to plan travel or work arrangements. Officials recommend noting the dates to manage schedules effectively.

Prabowo: Major Reforms Face Resistance from Corrupt Groups

President Prabowo Subianto warned that major reforms will face resistance from corruption-profiting groups and those undermining national unity, stressing the need for courageous decisions to protect the people and ensure equitable development. He highlighted persistent inequality in resource distribution, with foreign entities often benefiting from Indonesia's natural wealth while many citizens remain disadvantaged.

East Jakarta Wedding Organizer Fraud Suspects Accused of 'Robbing Peter to Pay Paul' Scheme

A couple running a wedding organizer in East Jakarta has been accused of operating a 'robbing Peter to pay Paul' scheme, using new clients' payments to cover previous obligations. Police say the fraudulent financial management led to unfulfilled wedding services and prompted multiple complaints. The suspects face up to four years in prison under charges of fraud and embezzlement.

Iran Targets US Airbase Following Attacks on Its Territory

Iran's Islamic Revolutionary Guard Corps (IRGC) claims to have destroyed a US airbase in retaliation for prior American strikes on Iranian facilities near the Strait of Hormuz. The US had previously conducted defensive strikes against Iranian radar and drone command centres, citing aggressive Iranian actions including the downing of a US drone. No immediate comment has been made by US officials on the IRGC's claims.

Agum Gumelar Recalls Ryamizard Ryacudu as Stern yet Compassionate General

Former Defence Minister Ryamizard Ryacudu, who served under President Joko Widodo, has died at 76. Retired General Agum Gumelar described him as a stern yet compassionate leader despite his imposing appearance. Ryamizard's career spanned key roles in the military and government, including Army Chief of Staff from 2002-2005 and Defence Minister from 2014-2019.

A pain-free diet: AI finds healthier meal plans through minor tweaks

A UC Davis study demonstrates how AI can optimise everyday meals with minimal changes to improve nutrition, reducing nutrient gaps by up to 47% while maintaining taste. The approach, which involves small adjustments like adding vegetables or reducing processed ingredients, proves that healthier eating does not require painful dietary overhauls. Researchers emphasise that minor, practical tweaks can significantly enhance dietary quality without resorting to restrictive regimes.

Japanese Experts Reveal Secrets of 'Doomsday-Proof' Earthquake Technology

Japan's earthquake early warning system (EEWS), highlighted by Indonesia's BRIN, detects initial seismic waves to provide critical seconds of alert before major shaking. The technology, deployed across public services, transport networks like the Shinkansen, and industry, automatically triggers safety measures to minimise damage. Experts stress it is not a predictive tool but a vital system for rapid response to reduce earthquake impacts.

Studying While Making Money: UBSI Student Builds Successful Tilapia Farming Business

Raka Aditya Aripin, a UBSI student, has successfully launched a tilapia farming business while balancing his studies, demonstrating that entrepreneurship can begin during university. The venture provides practical business experience and supplementary income, with the university’s entrepreneurship centre supporting such initiatives. His story highlights the growing trend of students pursuing financial independence and real-world skills alongside academic pursuits.

Ryamizard Ryacudu Laid to Rest at Kalibata Heroes' Cemetery

Former Defence Minister Ryamizard Ryacudu, who served under President Joko Widodo from 2014 to 2019, was laid to rest with full military honours at Kalibata Heroes' Cemetery on June 1. The veteran general, who was also the son-in-law of former Vice President Try Sutrisno and had a long career in the Indonesian military, was remembered for his contributions to national defence and democratic leadership. His funeral, attended by senior officials including current Defence Minister Sjafrie Sjamsoeddin, included ceremonial readings of his biography and the Apel Persada tribute.

President Prabowo stresses economic development must align with Pancasila

President Prabowo Subianto has stressed that Indonesia's economic development must adhere to Pancasila principles—religious, humanitarian, national unity, and pro-people. Success should be measured by improved living standards for all, particularly vulnerable groups, ensuring children's nutrition and fair livelihoods for workers. He affirmed the need to transform the economy to serve national interests and the people's welfare.

TNI Cadets Make History at US Military Academies

Two Indonesian National Armed Forces (TNI) cadets have graduated from prestigious US military academies, with one becoming the first Indonesian to complete the United States Military Academy at West Point. Their achievements, part of a programme initiated by President Prabowo Subianto during his tenure as Defence Minister, underscore TNI's global competitiveness and bolster Indonesia's defence diplomacy with the United States.

Agum Gumelar Remembers Ryamizard: Stern Yet Compassionate

Former Defence Minister Agum Gumelar paid tribute to Ryamizard Ryacudu, describing him as firm yet compassionate with measured decisiveness. He recalled their shared military career and stated all memories were profound. Agum attended the Ministry of Defence to pay respects despite being unable to attend the burial due to other commitments.

Prabowo: Major Transformation Not Without Obstacles

President Prabowo Subianto acknowledged that the government's transformative agenda faces obstacles, particularly from those benefiting from corruption and illegal economic activities. He stressed the need for national resilience, self-reliance, and consistent application of Pancasila to ensure sovereignty and prosperity. Prabowo urged Indonesians to uphold Pancasila as the foundation for a just, prosperous, and respected nation.

From Lebak, Deputy Minister Fajar Emphasises Pancasila Spirit and Social Justice

Deputy Minister for Basic and Secondary Education Fajar Riza Ul Haq highlighted the historical connection between Lebak and Pancasila’s core values during the 2026 commemoration. He linked Multatuli’s legacy to social justice and humanity principles, stressing the government’s commitment to implementing these ideals through education initiatives such as Sekolah Rakyat.

Xiaomi unveils air conditioner claiming to cool room in 15 seconds

Xiaomi has launched a new high-capacity air conditioner that claims to cool a room in 15 seconds. The Mijia Powerful Wind Ultra 3HP features advanced components, operates in extreme temperatures, and integrates with Xiaomi's smart home ecosystem. The product also includes AI-driven temperature adjustments and is part of the company's broader smart home range.

Mixue Expands in Indonesia with 12,800 Local Jobs and 20,000 Supply Chain Roles

Chinese beverage chain Mixue has significantly expanded in Indonesia, creating 12,800 direct local jobs and supporting an additional 20,000 roles in the supply chain. The company's growth is driving micro and small-scale economic development, while positioning itself as a socially responsible foreign investor contributing to Indonesia's economic landscape.

Police say wedding organizer owner who scammed dozens of couples is a repeat offender

Police have identified the owner of a Jakarta wedding organizer as a repeat offender who previously committed similar fraud in West Java. Two suspects, a married couple running WO Marwah, were arrested in Bandung Barat after attempting to flee following media coverage. The scam has affected 58 victims, with estimated losses of Rp2.6 billion, and charges have been filed under the Criminal Code.

Fadli Zon attends National Dharmasanti Tri Suci Waisak 2570 BE/2026

Culture Minister Fadli Zon attended the National Waisak event at Borobudur, highlighting the importance of cultural preservation and interfaith harmony. The ceremony underscored Buddhist values and Indonesia's religious diversity, with Vice President Gibran praising Buddhists' contributions to social cohesion. Officials stressed protecting heritage sites like Borobudur and Muaro Jambi as symbols of national unity and peace.

Pradi Supriatna: Unity, Action, and Impact as Concrete Manifestations of Pancasila Values

West Java DPRD member Pradi Supriatna stressed that Pancasila’s values must be embodied through tangible actions benefiting the public, not just rhetoric. He called for unity, mutual cooperation, and social justice as pillars of national development, urging Indonesians to embrace diversity while prioritising collective welfare.

Prabowo Addresses Pancasila Economy, Article 33, and Cooperatives' Role in Poverty Alleviation

President Prabowo Subianto underscored the foundational role of Pancasila-based economic principles and Article 33 of the 1945 Constitution during the Pancasila Day ceremony, stressing collective effort and kinship. He highlighted cooperatives as a critical instrument for poverty alleviation and empowering citizens.

PDIP Praised by Prabowo for Criticism: Democracy Requires Checks and Balances

President Prabowo Subianto has praised PDIP for its critical role in upholding democracy through checks and balances, despite expressing personal discomfort with harsh criticism. PDI-P Secretary General Hasto Kristiyanto stressed that criticism stems from patriotism and must not be suppressed, warning against militarism and the silencing of dissent. Prabowo acknowledged PDIP's contribution to safeguarding Indonesia's democratic system.

UK boosts missile stockpiles to counter potential Iran threat

The UK is increasing its stock of short-range Martlet missiles to counter potential Iranian threats in the Middle East, The Times reports. The missiles, which can shoot down drones, are set to be deployed to UK special forces as regional tensions rise following recent drone attacks on a Cyprus base and concerns about attacks on UK-US military facilities.

DPR's Haji Oversight Committee to Invite MUI and Ministry of Hajj to Address Dam Controversy

The Indonesian Parliament's Haji Oversight Committee plans to invite the Ministry of Hajj and Umrah, MUI, and religious scholars to address controversies over dam payments and fraudulent badal haji services. Disputes have arisen regarding the location for dam payments, with MUI insisting on the Haram and Muhammadiyah allowing it in Indonesia. The committee seeks to establish a formal agency to regulate badal haji and prevent scams targeting pilgrims.

Warning: Chronic Sleep Deprivation Linked to Surge in Cancer Cases Among Under-50s

Global cancer cases among under-50s have surged by nearly 80% over three decades, with sleep deprivation emerging as a potential risk factor according to recent studies. Researchers highlight a correlation between poor sleep patterns and increased risks of certain cancers, though causation remains unproven. Experts urge further investigation while stressing the importance of maintaining a healthy lifestyle for prevention.

Tiny nation secretly reaps massive profits from US-Israel-Iran conflict

Guyana's economy has surged due to rising oil prices from the US-Israel-Iran conflict, with GDP more than quadrupling since 2019. The government is establishing a sovereign wealth fund to channel oil revenues into stable development projects, but challenges persist in infrastructure and avoiding over-reliance on oil. Experts caution that despite geopolitical stability, the nation must manage expectations to prevent economic imbalances.

Pancasila must guide national development: President Prabowo

President Prabowo asserted that Pancasila must underpin national development, stressing Indonesia's economy should prioritise public welfare by ensuring national wealth benefits the people. The commemoration event, themed 'Pancasila Unites the Nation, the Foundation of World Peace', highlighted embedding Pancasila values into daily life—including digital spaces—with senior officials and former leaders in attendance.

Global Gold Prices Drop Amid Strengthening US Dollar and Rising Oil Prices

Global gold prices fell 0.4% on Monday, pressured by a strengthening US dollar and surging oil prices amid Middle East tensions. Analysts highlighted the impact of unresolved US-Iran ceasefire talks and Israel's recent military operations in Lebanon, which have heightened geopolitical risks. The Federal Reserve is closely monitoring the economic consequences, including inflation and extended high interest rates.

Child Falls into Ragunan Zoo Elephant Enclosure: Management Suspects Prank or Social Media Content

A child fell into an elephant enclosure at Jakarta's Ragunan Zoo, with management suggesting the incident may have been staged for social media content as the family did not appear panicked and continued filming. The zoo has announced plans to review safety protocols to prevent similar occurrences, following viral footage that drew widespread attention.

President to confront resistance from perpetrators of illegal economic practices

President Prabowo Subianto has vowed to confront resistance from groups involved in corruption, smuggling, and illegal economic activities that hinder national economic transformation. He stressed the need for structural reforms, including unified export controls and industrialisation, to address unequal growth and ensure natural resource wealth benefits Indonesia. The remarks were made during the Pancasila Birthday commemoration, highlighting the importance of Pancasila in safeguarding national unity.

Suspected World War II ordnance explodes in Indonesia, five dead

A suspected World War II-era ordnance detonated in Papua, killing five people and injuring 19 others, with nine homes destroyed. Police are investigating the incident and searching for three missing individuals, noting similar past incidents involving unexploded munitions during disposal operations.

Indonesian Ambassador Pushes for Technology Transfer and Workforce Development in Freeport Partnership

Indonesian Ambassador to the US, Indroyono Soesilo, has stressed the strategic importance of technology transfer and human resource development in the Freeport partnership, beyond mere shareholding increases. A new AI-driven system, TROI, is set to enhance copper production and build local expertise in Papua, while Indonesia's stake in PT Freeport Indonesia will rise to 63% by 2041 under a new agreement.

Defence Minister Sjafrie Leads Ryamizard Ryacudu's Military Funeral at Kalibata National Heroes' Cemetery

Former Defence Minister Ryamizard Ryacudu was laid to rest in a military ceremony led by current Defence Minister Sjafrie Sjamsoeddin at Kalibata National Heroes' Cemetery. The event, attended by top military and government officials including TNI Commander Agus Subiyanto and National Police Chief Listyo Sigit Prabowo, marked a final tribute to the 76-year-old who served under both Megawati and Joko Widodo. Ryamizard passed away after treatment at a military hospital, having been praised by Jokowi for his democratic and visionary leadership.