Indonesian Political, Business & Finance News

Archive: 1 June 2026

Showing 1,401-1,447 of 1,447 articles

Jokowi Joins 'Mas Bahlil Ganteng' Song, PSI: He Connects With All Walks of Life

Indonesia's President Joko Widodo participated in a viral song with young people outside his Solo residence, demonstrating his connection with youth culture. The Solidarity Indonesia Party highlighted his ability to engage with diverse demographics and stay updated on social media trends. The incident underscores his approachable image and appreciation for youthful creativity.

One-Stop Export System Takes Effect Today, Palm Oil and Coal Exporters Must Report to PT DSI

The Indonesian government has introduced a one-stop export system via PT DSI to combat under-invoicing and foreign currency leakage, starting a transition phase on 1 June 2026 for coal, palm oil, and ferro alloy. The policy, following President Prabowo's directive, aims for full implementation by January 2027 to enhance transparency and ensure export earnings benefit the national economy.

Weather forecast for Monday, 1 June 2026: Tropical Cyclone Jangmi strengthens, four regions on alert for heavy rain

Tropical Cyclone Jangmi is intensifying in the Philippine Sea, prompting the Meteorology, Climatology, and Geophysics Agency (BMKG) to issue warnings for heavy rainfall and potential flooding across four Indonesian regions. The cyclone, alongside other atmospheric systems, is expected to cause significant weather disruptions until 4 June, including flash floods, landslides, and high sea waves. Authorities advise the public to monitor official channels for updates and prepare for hydro-meteorological hazards.

Without Valid P3SRS, Apartment Owners Face Difficulty in Securing Bank Collateral

Apartment buyers in Indonesia must verify both the Certificate of Individual Unit Ownership (SHMSRS) and the validity of the Association of Apartment Owners and Residents (P3SRS) to avoid legal complications. Without a legitimate P3SRS, owners may face challenges in selling their units or using them as bank collateral, as highlighted by the Ministry of ATR/BPN.

Long Weekend Return Rush: Thousands of Whoosh Tickets to Jakarta Sell Out, KCIC Issues Advisory

KCIC reported over 12,000 tickets sold for Jakarta-bound Whoosh trains during the long weekend return rush, with Bandung to Jakarta routes accounting for half of all traffic. The operator urged passengers to book online in advance and arrive early due to high demand and strict boarding gate closures. The advisory aims to ensure a smoother travel experience amid increased road traffic.

Government launches single-window export system via PT DSI today

The Indonesian government has launched a single-window export system through PT Danantara Sumberdaya Indonesia (DSI), effective June 1, 2026, focusing initially on coal, palm oil, and ferro alloy. These commodities contributed 23.4% of national exports in 2025, sustaining 71 consecutive months of trade surplus. The policy aims to streamline exports, ensure business continuity, and bolster international trade confidence during a phased transition.

5 Strategies to Address Inaccurate Startup Valuation in Indonesia 2026

Indonesia's digital economy contributed 8.2% to GDP in 2025, with 10,000 startups valued at Rp 100 trillion. Experts recommend developing clear valuation standards, improving investor education, and fostering government-private collaboration to enhance investment decisions and business growth.

Government's Five Strategies to Enhance NIB Efficiency for Investment in Indonesia

Indonesian government aims to streamline the Business Identification Number (NIB) system to boost investment, with data revealing 70% of permits face processing hurdles. Efforts include digital transformation and improved performance metrics to enhance efficiency, which is crucial for economic growth and attracting investors.

50 Pancasila Foundation Day Twibbon Links for 1 June 2026 – Ready to Use and Download

The Indonesian government has designated 'Pancasila as the Unifier of the Nation and Foundation of World Peace' as the official theme for Pancasila Foundation Day 2026. Social media users can participate by applying digital twibbon frames to their profiles, with options to customise designs via Canva or Twibbonize if government watermarks are undesirable.

Pertamina Fuel Prices Updated 1 June 2026: Dexlite and Pertamina Dex Fall

Pertamina has revised fuel prices effective 1 June 2026, with Pertamax Turbo increasing to Rp20,750 per litre in Jakarta while subsidised fuels like Pertalite and Biosolar remain unchanged. Regional price differences continue due to varying local Motor Vehicle Fuel Tax policies across Indonesia.

Blast in rebel-held Myanmar kills dozens: Rescuers

A mining explosion in Myanmar's Shan state killed up to 59 people, including children, as rebel groups use unsafe mining operations to fund their conflict against the military. The Ta'ang National Liberation Army confirmed the blast resulted from stored explosives, highlighting ongoing safety risks in the region's resource-driven insurgency. China's mediation efforts in the civil war remain pivotal despite recent rebel offensives.

President Prabowo Describes Indonesia-France Ties as Strongest Ever

Indonesian President Prabowo Subianto has stated that relations with France are at their strongest ever, highlighting collaboration in defence, clean energy, education, and trade. He reiterated Indonesia's support for a two-state solution in Palestine and the importance of bilateral business ties through a new High Level Business Council.

Husein Sastranegara Airport to Be Reactivated Soon, Bandung Mayor Confident It Will Drive Economic Growth

Bandung Mayor Muhammad Farhan confirmed the reactivation of Husein Sastranegara Airport following President Prabowo Subianto’s directive, aiming to revive its role as a key economic driver. The airport, which handled 3.8 million passengers in 2019, will see expanded flight operations and infrastructure upgrades to improve transport links across the city.

The end of a regulatory grey zone: Why China is cracking down on offshore brokerages

China has intensified its regulatory crackdown on offshore brokerages to eliminate unauthorised cross-border securities activities, targeting platforms such as Futu and Tiger Brokers. The move aims to reassert state control over capital flows and channel investments through approved channels, reflecting heightened concerns over financial security and capital outflows following past yuan depreciation pressures.

Raids, stranded victims and new criminal tactics - inside Cambodia’s fight against scam centres

Cambodia's intensified crackdown on scam centres has stranded thousands of foreign victims, including Indonesians, amid a humanitarian crisis. The illicit industry, estimated to generate up to US$19 billion annually—equivalent to 40-60% of Cambodia's GDP—reveals its deep economic entrenchment despite government efforts to eradicate it.

Palm Oil Farmers Support Improved Governance, Urge Supply Chain Stability

POPSI supports government efforts to improve palm oil trade management and close foreign exchange loopholes but warns that new policies, such as a single-channel export system, must be designed carefully to prevent destabilising the industry's complex supply chain. The organisation stresses that smallholder farmers, as the primary raw material suppliers, bear the brunt of policy changes, which could disrupt the entire ecosystem from plantations to international buyers.

10 Houses in Biak Numfor Damaged by WWII Bomb Explosion

Ten houses were damaged and eight casualties reported following a suspected World War II-era bomb explosion in Biak Numfor Regency, Papua. Authorities are conducting search and clearance operations, underscoring the persistent dangers of unexploded ordnance from past conflicts.

7 Inmates Killed in Motorcycle Gang and Cartel Clash at Mexican Prison

Seven inmates were killed in a violent clash between rival motorcycle gangs and drug cartels at a Mexican prison in Sinaloa state. Indonesia's National Narcotics Agency (BNN RI) is monitoring the impact of the conflict on the country's narcotics supply chain.

Colombian Election Results: A Decisive Moment for Peace Talks or Military Action

Colombia's presidential election has concluded, with the outcome determining whether the country will continue peace negotiations with armed groups or adopt a tougher military stance. Incumbent President Petro's 'total peace' policy faces criticism for exacerbating crime and cocaine exports, while opposition candidates pledge stricter security measures. Despite campaign violence, including a candidate's assassination, voting proceeded peacefully amid heavy security.

Public cautioned against hasty economic assessments based solely on rupiah exchange rate

DPR member Azis Subekti has warned against drawing hasty conclusions on Indonesia's economic health based solely on rupiah exchange rate or government spending figures. He highlighted household consumption's 54% contribution to GDP as the true engine of growth, with government spending accounting for only 6.7%, urging a comprehensive analysis of all economic indicators to avoid misleading assessments.

Trump Holds Emergency Meeting with Top Advisors on Iran Ceasefire

US President Donald Trump's emergency meeting with top advisors on a Iran ceasefire deal has resulted in no clear resolution, as Tehran rejects his demands for nuclear disarmament and unrestricted Strait of Hormuz access. The standoff threatens global oil markets, with ExxonMobil warning of prices potentially soaring to $160 per barrel, though China's reduced imports have so far averted a Brent crude spike above $200.

Father Syafii: President Prabowo’s Hajj and Umrah Ministry Proven Successful in 2026 Hajj Management

Father Syafii has affirmed that President Prabowo’s establishment of the Ministry of Hajj and Umrah has significantly improved Indonesia’s Hajj management for 2026, citing enhanced health protocols, transport, and accommodation services. Despite ongoing improvements needed in Mina, he expressed confidence that the ministry’s reforms will further strengthen future pilgrimages, with Saudi authorities commending the efforts.

Deputy Minister of Religious Affairs Confident in Improved Hajj Management

Deputy Minister of Religious Affairs, Muhammad Syafi'i, has expressed confidence in the continued improvement of Indonesia's Hajj management, citing the establishment of a dedicated Ministry of Hajj and Umrah as a strategic move that has led to tangible enhancements in services. Key upgrades include 24-hour shuttle buses, better accommodation, and streamlined health checks, with Saudi authorities also commending the reforms.

Israel Captures Beaufort Castle in Lebanon as Ceasefire Collapses Completely

Israel's capture of Beaufort Castle in southern Lebanon marks a significant military advance, with Prime Minister Benjamin Netanyahu labelling it a decisive shift in strategy against Hezbollah. The ceasefire has completely collapsed following mutual accusations of violations, leading to international condemnation and over 3,300 deaths in Lebanon. UN agencies warn of worsening humanitarian conditions, particularly for children.

Prameks Jogja-Kutoarjo Round-Trip Schedule for Week of 1-7 June 2026

Kereta Api Prameks, operated by state-owned KAI, provides essential commuter services between Yogyakarta and Kutoarjo. The updated schedule for 1-7 June 2026 offers multiple daily departures with affordable fares and flexible payment options via digital platforms and contactless systems.

Iran Successfully Uncovers Underground Missile Bases Using Bulldozers

Iran has repaired underground missile facilities damaged by US and Israeli airstrikes using basic equipment like bulldozers, revealing the limitations of aerial bombing tactics. Experts warn that while the US achieved tactical success, the lack of clear war objectives could lead to strategic failure as Tehran retains substantial missile stockpiles.

IAEA Chief Expresses Concern Over Drone Attack on Zaporizhzhia Nuclear Plant

IAEA Director-General Rafael Grossi has voiced serious concern over a drone strike on the Zaporizhzhia Nuclear Power Plant, stressing that attacks on nuclear sites are akin to playing with fire. The incident, the first inside the plant's perimeter since April 2024, has prompted the IAEA to request access for damage assessment. The facility, under Russian control since 2022, remains a focal point of international warnings regarding military activities endangering nuclear safety.

RUPS HRUM 2026: After Betting Big on Nickel, When Will Results Materialise?

HRUM's shift from coal to nickel investments is under scrutiny as investors await tangible returns amid volatile market conditions. The upcoming annual shareholders meeting will address strategic direction and profit distribution, critical for assessing the company's future valuation and growth trajectory.

KRL Jogja-Solo Schedule for 1-7 June 2026

The KRL commuter service between Yogyakarta and Solo operates 15 daily trips, with certain services suspended on weekends and public holidays. Tickets cost Rp8,000 per journey, taking approximately one hour. Travelers are advised to verify schedules for potential changes.

PKP: Pancasila Must Be Embodied in Indonesia's National Way of Life

PKP stresses that Pancasila must be actively lived in daily life, not just in documents, as social and cultural changes erode its core values. The party calls for national unity, quality education, and integrity in governance to preserve Indonesia's identity amid global influences and digital polarisation. Recent meetings between national leaders like Megawati and Prabowo are seen as symbols of elite unity vital for the nation's progress.

Warteg Owner Evacuates Customers During Gandamekar Bekasi Fire

A fire at a textile waste warehouse in Bekasi's Gandamekar district destroyed seven homes and forced a local warung owner to evacuate customers. Despite the extensive damage, authorities confirmed no casualties, with fire services deploying ten units to contain the blaze. The warung reopened later that evening, highlighting community resilience amid the incident.

Israel Strikes Lebanon Despite Ceasefire, Claims 900 Hezbollah Members Killed

Israel has persisted with military strikes in Lebanon despite a ceasefire established in April, asserting the elimination of 900 Hezbollah fighters. Neither party has adhered to the truce, with mutual accusations of violations justifying ongoing attacks. Lebanon's Prime Minister has accused Israel of implementing a 'scorched earth' strategy in the south, as the Health Ministry records 3,412 fatalities and 10,269 wounded since the March 2026 conflict began.

JK Pays Respects at Condolence House, Recalls Ryamizard's Key Role in Aceh Tsunami Response

Indonesia's former Vice President Jusuf Kalla and Coordinating Minister for Economic Affairs Airlangga Hartarto visited the condolence house of former Defence Minister Ryamizard Ryacudu in Bogor. They highlighted his pivotal role in the Aceh tsunami response and his policy promoting civilian involvement in national defence. Both officials praised his military nationalism and expressed their condolences.

Eleven fire engines extinguish fire at government residence in Jatinegara

Eleven fire engines and 55 personnel successfully extinguished a fire at a government residence in Jatinegara, East Jakarta, with no casualties reported. The incident, which began after cooking, was reported at 9:25 PM and controlled by 10:15 PM. East Jakarta authorities have urged residents to remain vigilant and report emergencies promptly via designated channels.

PSI Lampung Reveals Jokowi's Late June Visit Plan

Former President Joko Widodo is scheduled to visit Lampung in late June as part of a regional tour to meet PSI officials and acknowledge local development projects. PSI highlights infrastructure advancements such as the Trans-Sumatra Toll Road and agricultural improvements that have boosted economic growth and public welfare. The visit is part of broader plans to engage with regions including East Nusa Tenggara and West Java.

Indonesia-France Business Council Launched, Secures $3.5 Billion in Energy, Trade and Defence Deals

Indonesia and France have established a new business council to strengthen economic ties, securing $3.5 billion in new agreements across energy resilience, trade, and defence. The forum will also ensure previous investment commitments, including $11 billion in MoUs from President Macron’s 2025 visit, are fulfilled, underscoring Indonesia’s appeal as a strategic investment partner.

Army Chief and Former TNI Commanders Remember Ryamizard as Inspirational Figure

Former Defence Minister Ryamizard Ryacudu, a revered TNI general, has passed away, prompting tributes from military leaders and cabinet colleagues. They highlighted his pivotal role in rebuilding Aceh's infrastructure post-tsunami and his inspirational leadership in military training and unit development. Colleagues also remembered his humility, humour, and unwavering dedication to national service.

DPR Commission XIII Asserts HAM Law Revision Not a Power Struggle

DPR Commission XIII Chair Willy Aditya has clarified that the proposed revision of Indonesia’s Human Rights Law is not a power struggle between government bodies but aims to strengthen protections for citizens. The revision, included in the National Legislative Programme, will involve extensive public consultation, aligning with Komnas HAM’s earlier call to enhance national human rights institutions' effectiveness.

5 Foreign Stock Apps for Indonesian Beginner Investors

Indonesian beginner investors now have access to foreign stock apps like Pintu, Pluang, Gotrade, and eToro, offering fractional shares and tokenised assets. These platforms provide diverse investment options, including US tech giants, crypto, and gold, with user-friendly interfaces and educational resources for portfolio diversification.

President Prabowo Visits France to Secure Military Tech Transfer and Energy Cooperation

President Prabowo Subianto's state visit to France focused on enhancing strategic partnerships in defence technology transfer, education, energy, and minerals. The trip saw the launch of a high-level business council resulting in $3.5 billion in new commercial deals and a target to triple bilateral trade by 2035.

Rekat Indonesia Chairman Mourns Ryamizard: Always Dedicated to Upholding NKRI

Rekat Indonesia Chairman Heikal Safar has expressed deep condolences over the death of former Defence Minister General Ryamizard Ryacudu (76). He praised Ryamizard's unwavering commitment to national unity and the integrity of the Republic of Indonesia, describing him as a humanitarian and people-oriented leader. The retired general, who served as Army Chief of Staff from 2002 to 2005, is scheduled to be laid to rest in Bogor.

West Jakarta City Government trials Eco Lindi liquid to neutralise waste odour at waste disposal sites

West Jakarta City Government has trialled Eco Lindi, an eco-friendly liquid, to neutralise waste odour at two sites in Tambora district. Developed by Rania Naura Anindhita over four and a half years, the solution uses fermented leachate to prevent methane emissions and fly infestations. The city plans to expand the technology to seven more districts to address waste management challenges in densely populated areas.

eL Hotel Hands Over Six Retail Kiosks to Community Entrepreneurs in Bali - Jakarta Globe

eL Hotel & Resort Bali Sanur has transferred six retail kiosks to local micro, small, and medium-sized enterprises (MSMEs) in Bali’s Intaran Village, enhancing their business facilities. The initiative, backed by community leaders and the former trade minister, aims to align investor and community interests for mutual economic benefit. It highlights sustainable tourism development and improved livelihoods for local vendors.

Dino Patti Djalal Criticises Prabowo’s Frequent Foreign Trips as Presidential Palace Defends

Former Deputy Foreign Minister Dino Patti Djalal has criticised the high costs of President Prabowo Subianto’s frequent foreign trips, citing expenses up to hundreds of billions of rupiah. The Presidential Palace defended the visits, stating they yield substantial bilateral benefits, such as defence and education agreements from the France trip. Dino proposed alternatives like virtual meetings to reduce expenditure while maintaining international relations.

Bagas and family die in Temanggung glamping accident; Yogyakarta Palace loses top photographer

The Yogyakarta Palace has mourned the loss of Bagas Amar Hakiki, a freelance photographer, and his family following a glamping accident in Temanggung. The late Bagas, a UGM French Literature student, was part of the palace's core documentation team after completing a 2024 internship. Officials described him as dependable and a cherished colleague, emphasising the significant personal and professional loss to the royal institution.

Home Affairs Minister Tito Extends Condolences Over Ryamizard's Death: 'I Knew the Deceased Well'

Home Affairs Minister Tito Karnavian has expressed deep condolences over the death of former Defence Minister Ryamizard Ryacudu, highlighting their shared cabinet experience and Sumatran heritage. Ryamizard, who served from 2014 to 2019, will be laid to rest with full military honours at Kalibata National Heroes Cemetery in Jakarta. The ceremony will be led by current Defence Minister Sjafrie Sjamsoeddin as a national tribute to his service to Indonesia.

Singapore launches 'Screen Smart From The Start' campaign to manage children's digital activities

Singapore’s government has introduced the 'Screen Smart From The Start' campaign to help families establish healthy digital habits in children by curbing screen time. Prime Minister Lawrence Wong announced resources for parents, including age-specific tips and offline activity suggestions. The portal aims to protect children from inappropriate content and enforce family device rules.