Indonesian Political, Business & Finance News

Archive: 26 June 2026

Showing 601-650 of 1,505 articles

IHSG Closes 1.72 Percent Lower at 5,896, Big Cap Stocks Weigh

The Indonesia Stock Exchange (IDX) Composite Index (IHSG) ended trading on Friday sharply lower, dragged down by significant corrections in large-capitalisation stocks, particularly those affiliated with the Prajogo Pangestu conglomerate. Nearly all sectors closed in negative territory, with the basic materials sector experiencing the deepest decline, while the financial sector was the sole survivor in the green. The downturn was compounded by negative sentiment across Asian markets and a notable drop in total trading value.

Viral Padel Employee in South Jakarta Kidnapped and Tortured, Four Suspects Arrested

An employee at a padel facility in South Jakarta was allegedly kidnapped and tortured for two days by four colleagues who accused him of theft. Police have arrested the four suspects and detained them following a report by the victim's mother.

Two Stateless Youths Appeal to Law Minister for Indonesian Citizenship

Two stateless youths, Joshua Made Mahayana and Jordan Putu Mahayana, have appealed to Minister of Law Supratman Andi Agtas to restore their Indonesian citizenship. The brothers, born in Australia but raised in Bali since infancy, lost their citizenship due to administrative issues related to dual nationality. The Minister has instructed his staff to expedite their case and facilitate a solution, while the Directorate General of General Legal Administration noted a new mechanism exists to affirm citizenship for stateless individuals.

Purbaya Steps In to Oversee Free Nutritious Meal Budget in Regions, Could Shut Down SPPG

Finance Minister Purbaya Yudhi Sadewa has announced that his ministry will directly oversee the Free Nutritious Meal (MBG) programme in Indonesia's regions to improve budget utilisation. The Ministry of Finance will deploy local officials to monitor the Satuan Pelayanan Pemenuhan Gizi (SPPG) kitchens and has secured the authority to recommend their closure if they are not operating correctly. This move aims to strengthen financial management and human resources within the flagship programme.

Police: Suspect in Woman's Confinement in Bandung is a Repeat Offender

West Java Police have revealed that Taufik Hidayat, the suspect in the confinement and abuse of a woman in Bandung Regency, is a repeat offender previously convicted of violence against his ex-wife. The suspect allegedly held the victim captive in a rented room for approximately three years, locking the door from the outside due to jealousy. Authorities are pursuing multiple charges to ensure the suspect receives a punishment commensurate with his crimes.

Indonesia injects Rp400 trillion into state banks to boost growth

The Indonesian government is injecting Rp400 trillion into state-owned banks (Himbara) to ease tightening liquidity and support economic growth. Finance Minister Sri Mulyani Indrawati stated the funds, drawn from the government's excess budget balance at Bank Indonesia, were approved by President Prabowo Subianto to ensure the domestic economy remains dynamic and to bolster investor confidence. The move, which expands on previous support, was met with relief by state bank directors who had warned of a liquidity shortage.

Task Force Oversees Realisation of 766 Aceh Recovery Packages Worth Rp 824 Billion

A total of 766 rehabilitation and reconstruction packages worth Rp 824.9 billion are being implemented in Aceh, funded by an additional Regional Transfer (TKD) scheme. As of late June 2026, over half of the packages have entered the procurement phase, with hundreds more already under physical construction. The initiative is being closely monitored by a government task force to ensure the post-disaster recovery funds are utilised effectively.

West Papua Government Protects 24,750 Vulnerable Workers with Jamsostek

The West Papua provincial government has enrolled 24,750 vulnerable indigenous Papuan workers in the national social security programme for employment (Jamsostek) for the 2026 fiscal year. The figure represents a decrease from the previous year's 30,000 participants, attributed to budget efficiency measures. The programme, funded through special autonomy funds, prioritises informal sector workers and is supported by various regional regulations.

Soekarno-Hatta Terminal 2F to Serve Umrah Pilgrims from 1 July, Here Are the Stages

Soekarno-Hatta International Airport will centralise all group Umrah departures at the dedicated Terminal 2F starting 1 July 2026, following a directive from the Ministry of Transportation. The transition will be implemented in three weekly phases, beginning with Long Air, Hainan Airlines, and Saudia, to ensure operational smoothness. The terminal, equipped with a 3,000-capacity waiting area and a 1,000-capacity mosque, aims to provide a more comfortable and orderly experience for pilgrims.

KSP Chief Dudung Confirms No Negligence in Deaths of Three Kopdes Merah Putih Manager Candidates

Presidential Chief of Staff Dudung Abdurachman has stated that an initial evaluation found no negligence in the basic military training programme that led to the deaths of three prospective Kopdes Merah Putih managers. The deceased were participants in the Sarjana Penggerak Pembangunan Indonesia (SPPI) programme and had undergone health checks prior to the training. Dudung extended his condolences, suggesting the deaths may have been due to individual physical or mental factors rather than the intensity of the training itself.

Purbaya Meets BGN Chief, Free Nutritious Meal Budget Slashed Again

Finance Minister Purbaya Yudhi Sadewa has confirmed a further significant reduction in the budget for the Free Nutritious Meal (MBG) programme following a meeting with the National Nutrition Agency (BGN). The revised allocation is expected to fall below Rp268 trillion for 2026, down from an initial Rp335 trillion, without compromising the nutritional quality of the meals. The agreement includes refocusing funds, optimising regional infrastructure, and enhancing financial accountability training for programme staff.

Police Name Five Corporations as Suspects in Online Gambling and Pornography Case, Seize Rp 559 Billion

Jakarta police have named five corporations as suspects in a major online gambling and live-streaming pornography case involving the HOT51 application. The syndicate allegedly laundered Rp 559 billion by misusing virtual accounts and payment gateways. Eight individuals have also been arrested, with charges carrying maximum penalties of up to 15 years in prison.

Owner Recounts Moments Before His House Collapsed in Benhil Landslide: Like a Boom

A resident of Bendungan Hilir, Central Jakarta, described the terrifying sound of his house collapsing due to a landslide as a loud 'boom' that was heard as far as the market. The incident occurred early in the morning at 5:48 a.m. WIB, waking neighbours and causing panic. The house had reportedly been showing signs of structural tilting for several days prior to the collapse.

Jakarta Plans to Build 11 Flats in 2027, Still Seeking Central Government Support

The Jakarta provincial government is planning to construct 11 new low-cost apartment blocks (rusun) in 2027 to address the city's land scarcity and soaring house prices. The proposal has been submitted to the Ministry of Housing and Residential Areas for inclusion in the national 3 Million Homes programme. Governor Pramono Anung emphasised that vertical housing is the unavoidable solution for providing accessible and transparent housing for lower-income residents.

Indonesia prepares special free meals scheme for remote 3T regions

The Indonesian government is developing a tailored free nutritious meal (MBG) scheme for remote, frontier, and outermost (3T) regions, acknowledging that the standard centralised kitchen model is impractical due to challenging geography and low population density. Alternatives such as using school canteens are being explored to ensure the programme reaches breastfeeding mothers, pregnant women, and toddlers in these areas. Officials stress the initiative is crucial for reducing stunting and improving the nation's human resources and educational outcomes.

National Library Strengthens Local Government Role to Boost Literacy

The National Library of Indonesia (Perpusnas) is enhancing the role of regional governments to improve literacy skills and reading culture. The initiative aims to ensure local authorities have a better understanding of literacy development strategies and policies. A refined measurement tool for community literacy and reading interest has also been introduced to provide more accurate data.

West Java Governor Dedi Mulyadi Urges Satpol PP to Show Courage in Enforcing Regulations

West Java Governor Dedi Mulyadi has called on the Public Order Agency (Satpol PP) to demonstrate strong resolve in law enforcement and safeguarding state assets. He emphasised that the professionalism of Satpol PP depends on rigorous recruitment and training, rather than patronage. The Governor also praised the dedication of community protection officers (Linmas), highlighting the story of a 91-year-old volunteer.

Deputy Home Minister Calls for Archipelagic Regions Bill to Align with Existing Regulations

Deputy Home Minister Bima Arya Sugiarto has urged that the proposed Archipelagic Regions Bill be harmonised with current laws to prevent overlapping authority and legal conflicts. The government is working with the Regional Representative Council (DPD) to ensure the legislation strengthens regional development without contradicting international maritime principles. The bill aims to address connectivity and public service challenges in Indonesia's island provinces.

Telkomsel Internet Quota Will No Longer Expire, Here's the Scheme

Telkomsel has introduced a quota accumulation feature that allows customers to carry over unused internet data to the following month, preventing quota forfeiture. The scheme, part of a broader industry move confirmed by the Indonesian Telecommunication Providers Association (ATSI), applies to specific monthly plans and requires timely renewal. ATSI stated that operators are developing various flexible packages, including rollover and non-rollover options, to comply with a Constitutional Court review.

Kopdes Manager Candidate Deaths: Minister Says No Indication of Negligence Yet

Minister of State Secretary Prasetyo Hadi stated that the government has not found any indication of negligence in the deaths of three Kopdes Merah Putih manager candidates during military training. The minister noted the deaths occurred early in the programme and suggested pre-existing health conditions may be the cause. A joint evaluation is underway to determine if procedural errors contributed to the fatalities.

Indonesian Navy Replaces Six Warship Commanders in Leadership Regeneration

The Indonesian Navy has rotated the commanders of six escort warships as part of a leadership regeneration programme. The handover ceremony took place aboard KRI Brawijaya-320, led by the Commander of the Escort Ship Unit of the Second Fleet. The move aims to foster innovation and provide career development opportunities for officers.

North Jakarta Mayor says Jakarta's anniversary momentum to strengthen government-citizen collaboration

North Jakarta Mayor Hendra Hidayat stated that Jakarta's 499th anniversary is a key moment to bolster collaboration between the government and the public in realising the capital's vision as a global city. He emphasised the celebration goes beyond ceremony, serving as a catalyst for a more advanced, inclusive, and competitive Jakarta. A series of public events, including a cultural parade and waste sorting initiatives, have been organised to foster community togetherness.

Indonesia delays Panda Bond debut as Chinese investor demand surges

Indonesia has postponed the debut issuance of its yuan-denominated Panda Bonds to the end of July to accommodate a surge in interest from domestic fund managers and banks who need more time for internal approvals. The government views the strong demand, including from major Chinese financial institutions seeking underwriter roles, as a positive signal for diversifying state financing sources. The delay is intended to maximise investor participation and ensure the fundraising target is met.

Ministry of Religious Affairs: KUA to Provide Family Counselling and Consultation Services

Indonesia's Ministry of Religious Affairs is expanding the role of its Religious Affairs Offices (KUA) to include family counselling and a safe space for citizens to share personal problems. The initiative aims to address household conflicts and emotional distress, with officials noting that many family issues can be alleviated simply by being heard. The ministry is also developing new service standards and institutional classifications to strengthen the KUA's community impact.

Doctor Urges Public to Avoid Self-Medication and Get Regular Health Check-Ups

A specialist from Gorontalo's RSUD Hasri Ainun Habibie has called on Indonesians to undergo routine health screenings and refrain from purchasing unprescribed medication. The doctor emphasised that regular check-ups are crucial for early disease detection and preventing long-term organ damage. The appeal is part of a broader promotive and preventive health approach to improve public well-being.

JAFF Market Becomes Vital Space for Filmmaker Collaboration

The Indonesian Film Board (BPI) has highlighted the Jogja-NETPAC Asian Film Festival (JAFF) Market as a crucial platform for fostering networking and collaboration within the national film industry. The forum is seen as essential for emerging filmmakers seeking partners to develop their projects. BPI Chairman Fauzan Zidni noted the market's significant growth over three years and welcomed its expanding role in connecting industry players earlier through professional associations.

West Java Governor Dedi Mulyadi Hands Over Rp 250 Million Reward to Victim's Family

West Java Governor Dedi Mulyadi has handed over a Rp 250 million reward to the family of a woman who was a victim of abuse and confinement. The funds, originally offered as a bounty for information leading to the suspect's arrest, will now be used to support the victim's future. The governor noted the reward created psychological pressure that contributed to the suspect's eventual capture.

Home Affairs Ministry Stresses Additional Regional Transfer Funds Cannot Be Used for Performance Pay or New Official Residences

The Ministry of Home Affairs has issued strict guidelines on the use of additional Regional Transfer Funds (TKD) for post-disaster recovery in Sumatra, emphasising the Rp10.6 trillion budget must be directed solely towards rehabilitation and reconstruction. Officials warned that the funds cannot be used for unrelated expenditures such as building new official residences or providing additional employee performance pay (TPP). The ministry outlined permissible uses including infrastructure repair, economic recovery, and disaster mitigation, while urging local governments to accelerate spending responsibly.

IHSG Ends Week Down 1.72% at 5,896 Level

The Indonesia Stock Exchange Composite Index (IHSG) fell sharply by 1.72% to 5,896.13 on Friday, driven by broad-based selling pressure. The decline was influenced by external factors, including robust US economic data that may prompt the Federal Reserve to maintain higher interest rates, alongside domestic developments such as a rise in deposit guarantee rates by the Indonesia Deposit Insurance Corporation (LPS).

Bank Mandiri Posts Solid Performance with Net Profit of Rp23.3 Trillion Through May 2026

Bank Mandiri reported a net profit of Rp23.3 trillion for the first five months of 2026, an 18.6% year-on-year increase, maintaining a return on equity of around 20%. The state-owned lender's total assets grew 20% to Rp2,306 trillion, while credit disbursement rose 20.6% to Rp1,580 trillion, driven by productive sectors including downstream industries and MSMEs. The bank emphasised its role as a strategic partner to the government in fostering inclusive economic growth through digital innovation and priority sector financing.

University of Brawijaya Researchers Discover Four New Beetle Species

A research team from the University of Brawijaya, in collaboration with international institutions, has identified four new species of ambrosia and bark beetles in the UB Forest area of East Java. The discovery, which includes a species named Amasa brawijaya in honour of the university and the Majapahit Kingdom, highlights the rich biodiversity of Indonesia's tropical forests. The findings underscore the potential for further entomological research and strengthen the university's position as a centre for beetle studies.

Bareskrim Names Four Indonesian Nationals as Suspects in Hayam Wuruk Online Gambling Case

Indonesia's Criminal Investigation Agency (Bareskrim) has named four Indonesian citizens as suspects for their roles in supporting an international online gambling syndicate operating from Hayam Wuruk Tower, West Jakarta. The suspects allegedly facilitated the operation by managing finances, securing office leases, and handling immigration documents for hundreds of foreign workers. Authorities have seized Rp 8.5 billion from domestic accounts and various foreign currencies as part of the ongoing investigation.

Father who neglected child sentenced to 100 hours of community service in Banda Aceh

A court in Banda Aceh has sentenced a civil servant to 100 hours of community service for neglecting his child after a divorce, marking the first application of alternative sentencing under Indonesia's new Criminal Code. The man failed to provide financial support, care, or education for over a decade, causing the child to suffer from post-traumatic stress disorder. The panel of judges emphasised that divorce does not absolve parental responsibilities and opted for a restorative justice approach to prioritise family recovery and the child's best interests.

Metro Jaya Police Uncover 3,800 Drug Cases, Claim to Have Saved 15 Million Lives

Polda Metro Jaya announced the uncovering of 3,800 drug-related cases in the first half of 2026, seizing narcotics worth trillions of rupiah. The operation resulted in 5,196 suspects being named, including 19 producers and 16 foreign nationals. Police stated the seizures, which included over 13 tonnes of dangerous prescription drugs, prevented an estimated 15 million people from potential drug abuse.

Pakistan Urges Financial Institutions to Engage in Iran's Reconstruction

Pakistan's Ambassador to Indonesia has called for international financial and development institutions to take an active role in the reconstruction of Iran once peace with the United States is achieved. The envoy highlighted a proposed $300 billion investment fund linked to a US-Iran memorandum of understanding aimed at ending regional hostilities. He stressed that planning for rebuilding should commence immediately upon securing peace.

Ministry of Religious Affairs Distributes Rp23.5 Billion Aid to 52,000 Orphans and Disabled Children

The Indonesian Ministry of Religious Affairs, in collaboration with philanthropic organisations, has distributed Rp23.55 billion in aid to over 52,000 orphans and children with disabilities across 34 provinces. The programme, marking the Lebaran Yatim and Disability Day 1448 H, aims to move beyond ceremonial charity towards sustainable empowerment through education and skills development. Minister Nasaruddin Umar called for the occasion to become a social tradition that strengthens solidarity and provides tangible benefits for vulnerable groups.

Serang Regency to Relocate 136 Households from Illegal Irrigation Embankment Settlements

The Serang Regency administration plans to evict 136 households residing illegally along irrigation embankments in Desa Domas. Authorities are pursuing a humane approach by exploring relocation schemes, including a partnership with Habitat for Humanity Indonesia and proposing financial stimulus for land purchases. The initiative aims to provide safe and decent housing while restoring the waterway's function.

Purbaya Arranges Panda Bond Purchase Scheme, Could Boost Forex Reserves by US$50 Billion

Finance Minister Purbaya Yudhi Sadewa plans to utilise a Local Currency Transaction scheme with Chinese investors for the purchase of renminbi-denominated Panda Bonds. The initiative aims to reduce Indonesia's reliance on the US dollar and ease pressure on the rupiah. The government also views the bond issuance as a diversification strategy to mitigate exchange rate risks to the state budget.

House Collapses in Central Jakarta, Owner Blames River Normalisation Project

A house on the banks of the Ciliwung River in Bendungan Hilir, Central Jakarta, collapsed on Friday. The owner claims the structure had been tilting for a week and attributes the land subsidence to a nearby river normalisation project. No casualties were reported as the family had already evacuated the premises.

Prabowo and Gibran Attend National Symposium with Thousands of Rectors and Lecturers

President Prabowo Subianto and Vice President Gibran Rakabuming Raka attended a national symposium on science and technology in Jakarta, emphasising the crucial role of academics in driving national progress. The event gathered 2,600 university leaders and lecturers to discuss economic independence and public welfare. Prabowo highlighted that all major advancements in civilisation stem from the brightest thinkers and technological innovation.

KuPP Strengthens Synergy to Prevent Torture Through Joint Commitment

The Cooperation for the Prevention of Torture (KuPP) has reinforced inter-agency collaboration by signing a Joint Commitment Against Torture. The initiative aims to institutionalise anti-torture measures within public service and law enforcement practices across Indonesia. The commitment was endorsed by the military, police, the Attorney General's Office, and various ministries to bolster human rights protections.

Gianyar Police to Implement 'English Day', Requiring Personnel to Use English on Duty

The Gianyar Police Department in Bali is launching a mandatory 'English Day' programme to improve officers' ability to serve foreign tourists. Personnel will be required to communicate in English on designated days following training, with the initiative also aimed at enhancing law enforcement interactions with foreigners. The programme addresses the need for better initial communication in handling tourist-related incidents and emergency calls.

Purbaya Postpones Panda Bond Issuance to Late July 2026, Here's Why

Finance Minister Purbaya Yudhi Sadewa has delayed the issuance of Indonesia's yuan-denominated Panda Bond to the end of July 2026 to accommodate strong demand from Chinese investors. Several large fund managers and banks requested additional time to secure internal approvals, signalling robust interest in the country's debt instruments. The government views the delay as a strategic move to optimise participation and diversify its global investor base.

Civil Society to Hold National Consolidation This Weekend

A broad coalition of Indonesian civil society groups under the banner of the Republic Conference will convene at the University of Indonesia this Sunday. The gathering aims to formulate a unified platform and work programme, as well as establish a pioneering institutional structure to address what it describes as a multi-sectoral crisis in the republic. The event follows an initial conference in Yogyakarta which highlighted concerns over democratic backsliding and the erosion of institutional functions.

Asian Nuclear Giant Suddenly Pleads with Indonesia, Requests This

Pakistan has proposed a new scheme to process Indonesian crude palm oil in its own refineries rather than simply importing the finished product. The proposal comes as Indonesia tightens CPO export policies and seeks to add value to bilateral trade worth US$4 billion annually. Pakistan argues the arrangement would benefit both nations by securing Indonesian CPO demand and reducing distribution costs to markets in the Middle East, Central Asia, and Africa.

South Jakarta Boosts Lactation Rooms and Disability Facilities to Advance Gender Equality

The South Jakarta administration is pushing to improve lactation rooms and disability-friendly facilities as part of its commitment to gender equality. Officials acknowledged that some lactation spaces have been repurposed and accessibility features remain suboptimal, calling for a whole-of-government approach. The initiative aims to embed inclusive service delivery into the working culture across all municipal agencies.

Blending Balinese Culture, MĀUA Olea Ubud by Swiss-Belhotel Officially Opens

Swiss-Belhotel International has expanded its premium portfolio in Bali with the soft opening of MĀUA Olea Ubud, an eco-luxury retreat inspired by Ubud's natural beauty and cultural heritage. The property blends the brand's Māori-inspired philosophy of connection with Balinese values of balance between people, nature, and spirituality. The company also announced plans to expand the MĀUA brand to other Indonesian destinations such as Batam, Labuan Bajo, and Sumba, as well as exploring international markets.

KSP: No evidence of negligence found in deaths of three SPPI participants

The Presidential Staff Office has stated that no negligence has been identified in the deaths of three participants during basic military training for the Sarjana Penggerak Pembangunan Indonesia programme. The training, intended for future managers of village cooperatives and fishing villages, is under evaluation. The office extended condolences and stressed that future training must prioritise safety to prevent further casualties.

Finance Minister Reveals Outcome of Meeting with National Nutrition Agency Head on Budget Efficiency

Finance Minister Purbaya Yudhi Sadewa disclosed that the National Nutrition Agency (BGN) plans significant further budget savings following a meeting with its head, Nanik S Deyang. The minister hinted the cuts could be substantial, potentially around Rp 40 trillion, but deferred detailed announcements to the BGN. The ministry will also deploy regional treasury officials to monitor the agency's spending at local nutrition service units.

Finance Minister to Slash 2026 Free Nutritious Meal Programme Budget at BGN's Request

Finance Minister Purbaya Yudhi Sadewa has announced plans to significantly cut the 2026 budget for the Free Nutritious Meal (MBG) programme following a direct request from the National Nutrition Agency (BGN). The BGN cited difficulties in programme oversight as a key reason for the requested reduction from the initial Rp 335 trillion allocation. The Ministry of Finance will also deploy its regional offices to assist the BGN in monitoring the programme's implementation.