Indonesian Political, Business & Finance News

Archive: 26 June 2026

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Indonesian Companies Deemed Increasingly Competitive in Global ESG Practices

Kadin Indonesia, in partnership with GAPPS, has recognised firms for excellence in Environmental, Social, and Governance (ESG) implementation. The awards aim to strengthen the national ESG ecosystem and encourage more companies to compete on a global scale. A GAPPS official noted that Indonesian firms' strong focus on sustainability offers lessons for other nations, including Australia.

National Electricity Vulnerability and the Need for Geothermal Regulatory Reform

Indonesia's heavy reliance on coal has once again exposed the vulnerability of its national electricity system, with recent rolling blackouts highlighting a significant shortfall in contracted coal supply for 2026. This situation underscores the urgent need to accelerate energy diversification, with geothermal power presenting a viable baseload alternative given Indonesia's vast potential. However, sluggish development, attributed to uneconomical feed-in tariffs and complex permitting, requires immediate regulatory improvements to attract investment and meet ambitious capacity targets.

Police Raid 87 Containers at Tanjung Priok in Palm Oil Export Manipulation Probe

Indonesian National Police's Criminal Investigation Unit (Bareskrim) has raided 87 containers at Tanjung Priok Port and seized 300 documents as part of an investigation into alleged manipulation of palm oil derivative exports. The probe focuses on suspected under-invoicing of fatty matter products by PT Mitra Mentari Sentosa. Authorities are coordinating with customs to verify the physical goods against export documentation.

IHSG likely to move sideways as market monitors global interest rate direction

The Jakarta Composite Index (IHSG) is expected to trade sideways on Friday as investors continue to assess the direction of global benchmark interest rates. Market participants are particularly focused on the US Federal Reserve's more hawkish stance under its new chair and the potential for renewed rate hikes if core inflation persists. Meanwhile, domestic fiscal adjustments, including efficiency measures for the free nutritious meal programme and the withdrawal of excess budget funds, are also in focus.

House Speaker Urges Evaluation of University Admission Selection System

House Speaker Puan Maharani has called for a thorough evaluation of Indonesia's university admission system after reports that around 60,000 successful applicants failed to re-register. She stressed that the success of the selection system should be measured by how many students actually enrol, not just by how many are accepted. Puan urged the government to map out the obstacles, including potential economic barriers, and to synchronise scholarship quotas with admission results.

Indonesian Embassy in Beijing Supports Video Competition to Strengthen ASEAN-China Friendship

The Indonesian Embassy in Beijing has endorsed a short video competition aimed at bolstering people-to-people ties between ASEAN and China. The contest, which received nearly 9,000 entries, is seen as a vital foundation for mutual understanding and friendship. The initiative coincides with the 35th anniversary of ASEAN-China relations and highlights the importance of cultural exchange in the comprehensive strategic partnership.

Soetta Customs Probes Motive of Thai National Carrying US$350,000 into Indonesia

Customs officials at Soekarno-Hatta Airport are investigating a Thai national, identified as RR, who was caught carrying US$350,000 in undeclared cash. The suspect failed to report the funds, equivalent to approximately Rp6.3 billion, to authorities upon arrival. The case has been referred to the Financial Transaction Reports and Analysis Centre (PPATK) to determine if the funds are linked to money laundering or other criminal activities.

Video: Minister Ferry and the Strategy to Make Cooperatives an Economic Growth Engine

Minister of Cooperatives Ferry Juliantono outlines the government's commitment to transforming cooperatives into a key driver of national economic growth. The strategy includes rebranding to attract younger generations, digitalisation for better governance, and expanding cooperative businesses into mining, plantations, and environmental sectors. The ministry has also proposed an additional budget of IDR 1.34 trillion to support the development of cooperatives, including the Merah Putih Village Cooperatives.

Flight Delays and Health Istithaah Become Focus of 2026 Hajj Evaluation

The Indonesian government is prioritising improvements to the 2026 Hajj pilgrimage, focusing on reducing flight delays during the return journey and tightening health requirements for prospective pilgrims. Deputy Minister of Hajj and Umrah Dahnil Anzar Simanjuntak noted that while outbound flight punctuality was high, significant delays occurred when pilgrims were returning from Saudi Arabia. The evaluation also calls for minimising ceremonial activities at debarkation points to expedite pilgrims' reunions with their families.

OJK: Banks and Securities Firms Liable for Finfluencer Content

Indonesia's Financial Services Authority (OJK) has issued a new regulation holding banks, securities companies, and other financial service providers responsible for content produced by financial influencers they collaborate with. The rule, POJK No. 6/2026, aims to ensure marketing information is clear, accurate, and not misleading. Violations can result in administrative sanctions, including fines of up to Rp15 billion.

Two Indonesian videos win China-ASEAN short video competition

Two Indonesian short films have been honoured at the 5th ASEAN-China Friendship and Cooperation Short Video Contest in Nanning, China. 'Kota Kebahagiaan' (City of Happiness) won an Excellence Award, while 'Boundless Love' received a Special Micro Drama Award. The competition, which attracted 8,774 entries, aims to strengthen people-to-people exchanges as a foundation for ASEAN-China cooperation.

1,000 Military Academy Cadets to Train Students at 'Sekolah Rakyat'

Approximately 1,000 active cadets from the Indonesian Military Academy (Akmil) will be deployed to assist in the orientation period for new students at 'Sekolah Rakyat' (People's Schools) during the 2026/2027 academic year. Social Affairs Minister Saifullah Yusuf stated the initiative aims to instil discipline and strengthen character education, with cadets teaching daily habits such as bed-making and personal hygiene. The orientation is scheduled to run from 1 to 7 August 2026 across 166 schools nationwide.

Antam Gold Price Steady Today, Buyback Rises to Rp2.34 Million per Gram

The price of Antam gold remained stable at Rp2.655 million per gram for the second consecutive day. The buyback price increased by Rp20,000 to Rp2.34 million per gram. Transactions are subject to tax deductions in accordance with Finance Minister Regulation No. 34/PMK.10/2017.

Antam Gold Price Stagnant, Buyback Rate Rises by IDR 20,000

The price of gold bullion produced by PT Aneka Tambang (Antam) remained unchanged on Friday, holding at its lowest level since mid-January. In contrast, the buyback price for Antam gold increased by IDR 20,000 per gram. The report also outlines the applicable income tax rates for both purchasing and selling back the precious metal.

AHY Meets Defence Minister to Discuss National Airspace Security

Coordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono (AHY) met with Defence Minister Sjafrie Sjamsoeddin to synchronise infrastructure policies and discuss the strategic importance of securing Indonesia's airspace. The meeting emphasised cross-sector coordination to safeguard national sovereignty and support integrated transport development. Both ministers highlighted the link between robust air defence and economic strengthening through the Defence Supporting Economy programme.

China ready to assist Venezuela earthquake victims

China has expressed its readiness to provide assistance to Venezuela following two powerful earthquakes of magnitude 7.2 and 7.5. The death toll has risen to 164, with hundreds more injured, and a national state of emergency has been declared. Beijing confirmed no Chinese nationals have been reported among the casualties so far.

Full Story: Purbaya Rejects IMF Emergency Financing Offer

Finance Minister Purbaya Yudhi Sadewa declined an offer of emergency financing from the International Monetary Fund, citing Indonesia's strong economic fundamentals and ample fiscal buffers. The government maintains the economy is resilient, with growth above 5% and a substantial budget surplus of Rp420 trillion, despite the IMF's more cautious global risk outlook.

Ministry: Deep Learning Boosts Student Interest in Thousand Islands

The Ministry of Primary and Secondary Education has reported that the deep learning approach is helping teachers increase student engagement in the Thousand Islands Regency. A headteacher noted the method creates a more enjoyable learning atmosphere, enabling pupils to grasp concepts more thoroughly. The initiative aims to foster a generation that is critical, creative, and able to apply knowledge to real-world challenges.

Rupiah Weakens Towards 18,000 Despite Government Optimism on Oil Supply and Economy

The Indonesian rupiah weakened to nearly Rp 18,000 per US dollar in spot market trading on Friday, despite government assurances over the resilience of the domestic economy and energy supply. Authorities highlighted robust first-quarter economic growth of 5.61% and a reduced dependency on Middle Eastern oil imports, now at 20%, as evidence of strong fundamentals. However, concerns persist as the trade surplus, while still positive, continues to narrow.

New Drug Threats in Indonesia: 'Pod Getar' and Deadly Laughing Gas

Indonesian authorities are grappling with the emergence of new psychoactive substances (NPS) specifically targeting the youth, including etomidate-laced vapes known as 'pod getar' and nitrous oxide, or laughing gas. The National Police's Criminal Investigation Unit (Bareskrim) revealed that syndicates are exploiting legal loopholes and social media trends to market these substances, which were previously unregulated. A recent health ministry regulation has now classified etomidate as a Group II narcotic, enabling law enforcement to prosecute both dealers and users.

Jokowi Wears PSI Elephant-Logo Shirt and Cap on Trip to Lampung

Former President Joko Widodo commenced a regional tour in Lampung on Friday, conspicuously wearing attire bearing the logo of the Indonesian Solidarity Party (PSI). He stated the shirt and cap were sent by his son and PSI Chairman, Kaesang Pangarep. The visit, scheduled to last three days, marks the first stop on a nationwide tour organised with the help of volunteers and the party.

Senior Chinese Space and Defence Industry Official Investigated for Corruption

Bian Zhigang, Vice Head of China's State Administration for Science, Technology and Industry for National Defence (SASTIND), is under investigation for serious disciplinary and legal violations. The probe, announced by the Central Commission for Discipline Inspection (CCDI), marks another high-level target in President Xi Jinping's long-running anti-corruption campaign. Bian, who previously served as Vice Administrator of the China National Space Administration (CNSA), has been a prominent figure in the country's space and defence sectors.

Ministry of Women's Empowerment and Child Protection Ensures Protection for Child Abuse Victim in Batam

The Indonesian Ministry of Women's Empowerment and Child Protection has stepped in to guarantee comprehensive care for a child allegedly abused by their parents in Batam. Minister Arifah Fauzi confirmed that the ministry is coordinating with local authorities to provide health services, psychological recovery, and safe alternative care. The perpetrators face multiple charges under child protection and criminal laws, with potential sentences of up to seven years.

Ministry of Creative Economy partners with BINUS to strengthen national creative ecosystem

Indonesia's Ministry of Creative Economy has signed a Memorandum of Understanding with BINUS University to boost the national creative industry. The partnership aims to enhance talent competitiveness and bridge academia with industry needs through education, research, and community engagement. The collaboration is expected to transform creativity into economic value and prepare Indonesian talent for the global market.

bank bjb and Primajasa Forge Strategic Partnership to Drive Business Growth

Indonesia's bank bjb has signed a memorandum of understanding with land transportation company PT Primajasa Perdanarayautama to collaborate on banking products and services. The partnership aims to enhance operational efficiency and business development for both entities, while expanding bank bjb's financial ecosystem into the strategic transportation sector.

Challenging the Tyranny of Narcotics: The Pancasila Shield and the Rise of Indonesia's Golden Generation

Dr I Wayan Sudirta, a member of the Indonesian House of Representatives, argues that the war on drugs is a fight for national sovereignty, drawing parallels between the colonial opium trade and the modern synthetic drug crisis. He highlights the alarming rise in drug abuse, citing UNODC data, and frames the issue as a direct threat to the nation's youth and the vision of a 'Golden Indonesia'. The article calls for a comprehensive, Pancasila-based approach to fortify the nation's moral and legal defences against narcotics.

Rupiah Corrects This Morning, US Dollar Returns to Rp17,950

The Indonesian rupiah opened weaker on Friday, depreciating 0.20% to Rp17,950 against the US dollar, reversing the previous day's marginal gains. The correction comes amid a strengthening US dollar index and persistent inflationary pressures in the United States. Domestically, the government is advancing plans to issue Panda Bonds in Chinese yuan as part of a strategy to diversify financing sources and reduce reliance on the US dollar.

IHSG Opens Higher on Optimism, Asian Markets Gain and Wall Street Mixed

The Jakarta Composite Index (IHSG) opened in positive territory on Friday, buoyed by gains across most Asian markets. The optimism followed a mixed close on Wall Street, where industrial stocks rose but technology shares faced pressure. Analysts predict the IHSG will continue its limited upward trend during the trading session.

IHSG Opens Higher This Morning, Up 0.23%

The Jakarta Composite Index (IHSG) opened higher on Friday, continuing its recovery amid a mix of external and domestic pressures. Investors are weighing robust US economic data that may prolong the Federal Reserve's hawkish stance against domestic developments including a rise in deposit guarantee rates and the planned issuance of Panda Bonds.

Minister Bahlil Inaugurates Tuban Mini LNG Plant to Curb Imports

Energy and Mineral Resources Minister Bahlil Lahadalia has inaugurated a new Mini LNG Plant in Tuban, East Java, emphasising its role in reducing energy imports. The facility, built by PT Sumber Aneka Gas with an investment of Rp1.1 trillion, is designed to bolster national energy security by optimising domestic gas resources. The plant is expected to produce 55,300 tonnes of LNG annually and has created over 330 jobs.

Public Satisfaction with Indonesian Police Rises to 67.6% in Kompas Survey

Public satisfaction with the Indonesian National Police (Polri) has increased to 67.6 per cent, according to a recent Kompas Research and Development survey. The institution's positive image also saw a significant jump, attributed to the extensive deployment of officers as frontline state apparatus. The survey further indicates that Polri now ranks among the top five most trusted state institutions, with a trust level relatively higher than other law enforcement bodies.

J-20 Mighty Dragon: China's Stealth Fighter Rivals F-35, Prompts US Radar Upgrade

China's Chengdu J-20 Mighty Dragon has emerged as a formidable fifth-generation stealth fighter, challenging US air superiority and reportedly proving difficult to detect for older American radar systems. The aircraft's advanced stealth capabilities and growing fleet size have spurred Washington to accelerate procurement of the E-7 Wedgetail early warning aircraft. The J-20 is now the backbone of China's air force modernisation, with production rates exceeding 100 units per year.

Antam gold price remains stagnant at Rp2.65 million on Friday

The price of Antam gold held steady at Rp2.65 million per gram for the second consecutive day on Friday. Meanwhile, the buyback price increased by Rp20,000 to Rp2.34 million per gram. Transactions are subject to tax deductions in accordance with prevailing finance ministry regulations.

Stock Recommendations Today: TINS to TOWR

The Indonesian stock market closed higher on Thursday, buoyed by a government denial of plans to increase the 2026 nickel production quota. Corporate actions also drew attention, with medical equipment provider EMMI completing its IPO book building and tobacco giant Gudang Garam announcing a substantial dividend payout.

Iran's Revolutionary Guard Attacks Singapore-Flagged Ship in Strait of Hormuz

Iran's Islamic Revolutionary Guard Corps has reportedly attacked a Singapore-flagged cargo vessel in the Strait of Hormuz without issuing any prior radio warnings. The incident caused damage to the ship's control centre but no injuries, according to US officials and sailors cited by The Wall Street Journal. The attack has prompted the International Maritime Organization to begin evacuating thousands of sailors stranded on vessels in the Persian Gulf.

Indonesia Moves Towards Nature-Based Conservation Financing

Indonesia is shifting its conservation funding model away from sole reliance on public money towards inclusive, sustainable nature-based financing. The government has established a task force targeting financial independence for 13 national parks and two iconic species conservation landscapes by 2030. This new paradigm introduces 'Natural Ecosystems as a New Asset Class', aiming to attract credible investment through instruments like carbon credits, biodiversity credits, and conservation bonds.

Telkomsel, Indosat, and XLSmart Set to Compete for New Revenue Streams

Indonesia's three major mobile operators are vying for valuable 700 MHz and 2.6 GHz spectrum in a government auction. The Ministry of Communication and Digital Affairs is currently evaluating administrative documents, with results expected soon. The additional spectrum is intended to accelerate digital infrastructure deployment and bridge the digital divide across the archipelago.

Jokowi Kicks Off Lampung Visit, Set to Attend PSI Regional Coordination Meeting

Former Indonesian President Joko Widodo has commenced a three-day visit to Lampung, beginning with a Regional Coordination Meeting (Rakorda) for the Indonesian Solidarity Party (PSI) in Mesuji. His itinerary includes engagements with party cadres, cultural parades, and meetings with local traditional leaders and MSMEs. The visit underscores Jokowi's continued political activity and influence following his presidency.

Provincial Government Says Central Government Approves 11 Community Mining Sites in Banten

The central government has approved 11 community mining areas (WPR) in Banten province, covering approximately 554 hectares, though technical guidelines for their management are still pending from the Ministry of Energy and Mineral Resources. Governor Andra Soni has urged residents to remain calm and not be provoked into forming business entities prematurely, emphasising that the province is awaiting official directives. The policy aims to provide equitable economic benefits and direct involvement for local communities in managing natural resources.

FLEI Business Show 2026 Aims to Foster Overseas Expansion

The 27th Franchise & License Expo Indonesia (FLEI) is set to take place in October 2026 at Nusantara International Convention & Exhibition (NICE) PIK 2, with a renewed focus on facilitating international expansion for local brands. The event will feature an International Business Summit designed to connect Indonesian entrepreneurs with global partners. Organisers are targeting over 20,000 visitors, building on the previous edition's success where 92% of exhibitors expressed interest in returning.

Tangerang prepares infrastructure improvements around Soekarno-Hatta Airport

The Tangerang City Government is preparing strategic infrastructure improvements around Soekarno-Hatta International Airport to support its goal of becoming one of the world's top 10 airports by 2029. Key focuses include integrated flood management and the construction of retention ponds to enhance accessibility and operational smoothness. The initiative follows a coordination meeting led by Coordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono.

Breaking: Iraq Threatens to Withdraw from OPEC

Iraq is considering leaving OPEC if the oil producers' group does not permit a significant increase to its production quota, according to leaked internal discussions. Baghdad is grappling with a severe financial crisis after the Iran war blocked strategic export routes in the Strait of Hormuz. The threat emerges as OPEC+ reviews member production capacities to set baselines for 2027, though Iraq's oil ministry has officially denied any immediate withdrawal plans.

Two Banks in West Sumatra Receive OJK Approval for Merger

Indonesia's Financial Services Authority (OJK) has approved the merger of PT BPR Ophir into PT BPR Swadaya Anak Nagari in West Sumatra. The consolidation aims to strengthen capital, enhance competitiveness, and improve governance and risk management for the rural banks. This move aligns with the national roadmap to create a more resilient and efficient BPR industry.

Doctor Urges Young People Not to Easily Trust Health Content on Social Media

A prominent Indonesian doctor warns the public, particularly young people, against blindly trusting health information on social media, noting that much of it is driven by product marketing rather than medical expertise. He highlights research showing nearly half of users find such information inaccurate, urging the public to develop skills to validate online health claims.

Ministry Coordinates to Ensure Rights of Abused Indonesian Migrant Workers in Malaysia Are Met

The Ministry of Women's Empowerment and Child Protection is coordinating with the Foreign Ministry and the Indonesian Consulate in Johor Bahru to ensure three female migrant workers from Aceh who suffered physical abuse in Malaysia receive full protection and recovery services. The victims are currently in a consulate shelter, and Malaysian police have detained five suspects in connection with the case. Minister Arifah Fauzi stressed the state's responsibility to protect its citizens abroad and ensure transparent legal proceedings.

Salemba Prison Introduces Productive Rehabilitation Through Layer Hen Farming

Salemba Class IIA Prison in Jakarta has launched a layer hen farming programme to provide inmates with productive and sustainable skills. The initiative, which currently manages 300 hens with 50 per cent productivity, was inspected by the head of the DKI Jakarta Regional Office of the Directorate General of Corrections during a harvest event. Officials stated the programme supports food security and equips inmates with valuable skills for reintegration into society.

SMKN 61 Emphasises Importance of Cadet Education for Self-Reliance

SMK Negeri 61 in Jakarta's Thousand Islands is prioritising cadet-style education to foster self-reliance among students, preparing them for professional competition both domestically and internationally. The school's head highlighted that mental readiness and independence from family are crucial challenges for students working abroad. Three of the school's maritime programmes have received international approval, ensuring graduates' qualifications are recognised in the global shipping industry.

Bahlil Accelerates Masela Block Project, Construction to Begin in 2027

Energy and Mineral Resources Minister Bahlil Lahadalia has confirmed that the long-delayed Abadi Masela gas field project in Maluku will enter the construction phase in 2027. The government is pushing to expedite the project, operated by Inpex Corporation, to avoid past investment hurdles. Production from the giant gas asset is targeted for the 2029-2030 period to bolster national energy security.

Bank Mandiri Taspen Partners with Fraud Victims to Combat Illegal Investments

Bank Mandiri Taspen is collaborating with victims of an alleged investment scam involving a former employee to enhance financial literacy and public awareness against fraudulent schemes. The bank held a meeting with victims in Purwokerto to gather their input and provide education on identifying illegal investments. The case involves a suspect who allegedly defrauded over 100 victims of an estimated Rp25 billion.

Analyst: Government-Student Dialogue Must Remain Open

An analyst has emphasised the importance of maintaining open dialogue between the government and students to safeguard democracy amid ongoing protests. The government's willingness to engage is seen as a constructive step towards addressing public concerns, including economic challenges and the implementation of the free nutritious meal programme. Continued dialogue is expected to de-escalate tensions and foster policy improvements.