Indonesian Political, Business & Finance News

Archive: 2 June 2026

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Malaysia pushes Norway to expedite US$252 million refund, says Oslo cannot ‘wash its hands of’ missile deal

Malaysia's Defence Minister, Mohamed Khaled Nordin, has urged Norway to facilitate the refund of over RM1 billion following the revocation of export licences for a naval missile system. The dispute arises from Norway's decision to limit defence technology exports to NATO allies, leaving Malaysia seeking compensation for the scrapped contract.

Banyumas Civil Registry Tightens Domicile Data Verification to Prevent School Admission Manipulation

The Banyumas Civil Registry Office (Dindukcapil) in Central Java is intensifying the monitoring of population administration data to prevent fraudulent domicile changes during school admissions. The agency is leveraging digital tracking capabilities to ensure compliance with residency requirements and is promoting the use of digital identity services.

Rice Prices Surge Again: Are Farmers Truly Benefiting?

Rice prices in Indonesia have experienced a significant upward trend in May 2026, reaching their highest levels in recent years across milling, wholesale, and retail sectors. While this poses a burden to consumers, the national Farmer Terms of Trade (NTP) has improved, indicating that increased crop prices are translating into higher incomes for producers.

Liburan ala Luar Negeri di Batam dan Bintan, 6 Destinasi Modern Kepri Ini Punya Pantai ...

The Riau Islands province, particularly Batam and Bintan, is transforming into a world-class modern tourism hub with premium facilities. The region offers various high-end destinations, including luxury shopping malls, waterfront culinary areas, and integrated nature reserves, attracting both domestic and international tourists.

Huawei MatePad 11.5 Specifications: A Tablet for Around Rp3 Million for Work

The Huawei MatePad 11.5 offers an affordable productivity solution for professionals and students with a budget of approximately Rp3 million. Featuring a PC-like experience, the tablet boasts a high-quality display and efficient performance suitable for daily multitasking.

Rising tin prices and the momentum for national industrial downstreaming

Global tin prices surged by 34.7 per cent in the first quarter of 2026, driven by rising demand in the semiconductor and artificial intelligence sectors. This price spike has significantly boosted the revenue of Indonesia's state-owned enterprise, PT Timah Tbk, highlighting a strategic opportunity for national industrial downstreaming.

Nadiem Makarim references Tom Lembong case during plea in corruption trial

Former Minister of Education Nadiem Makarim has drawn parallels between his ongoing corruption trial and the legal case involving Tom Lembong, alleging a pattern of criminalisation in Indonesia. Nadiem warned that legal uncertainty surrounding these high-profile cases poses a significant threat to economic stability and investor confidence.

JCI Strengthens by 1.11%, Energy Stocks Act as Main Drivers of Trading

The Indonesia Composite Index (JCI) closed in the green on Tuesday, rising 1.11% to 6,195.42, driven primarily by strong performance in the energy sector. Positive domestic economic indicators, including stable inflation and an improved Purchasing Managers' Index, provided support despite global geopolitical uncertainties.

Regarding Dino Patti Djalal's Criticism of Prabowo, PDIP: Ideally, Ministers Should Respond

The PDIP party has suggested that the Ministry of Foreign Affairs should address criticisms regarding President Prabowo Subianto's frequent international visits. The debate follows remarks by diplomat Dino Patti Djalal, who highlighted the high cost and frequency of the President's overseas travels.

Banten Free School Programme Claimed to Boost Student Interest in Private Schools

The Banten provincial government's Free School Programme (PSG) has significantly increased enrolment in private institutions, such as SMA PGRI 56 Ciputat. Governor Andra Soni stated that the initiative aims to provide equitable access to education and alleviate financial burdens for private schools.

BPS reports coal and ferroalloy export performance for January-April 2026

The Indonesian Central Statistics Agency (BPS) has released export performance data for key natural resources, including coal, palm oil, and ferroalloys, for the first four months of 2026. The report highlights significant export values to major trading partners such as China, India, and Japan, amidst an upcoming transition in natural resource export policies.

Netizens Protest Surging Water Bills, PAM JAYA CEO: Tariffs Have Not Increased

Customers in Jakarta have taken to social media to complain about sudden, massive increases in their monthly water bills, with some seeing costs rise from thousands to millions of rupiah. The CEO of PAM JAYA has responded by clarifying that water tariffs have remained unchanged since January 2025, suggesting that the spikes are likely due to internal household leaks.

Bekasi Police Arrest Two Perpetrators in Murder of South Korean National

The Bekasi Metro Police have apprehended two individuals involved in the murder of a 66-year-old South Korean citizen. The investigation, aided by CCTV footage, led to the arrest of the victim's former wife and the primary executor of the crime.

Minister of Primary and Secondary Education warns that using nicknames can constitute bullying

The Minister of Primary and Secondary Education, Abdul Mu'ti, has cautioned that addressing students by physical nicknames can be classified as bullying. He urged schools to foster a more humanistic, inclusive, and participatory learning environment to ensure student safety and well-being.

Navigating the Complexities of Digital Payments

The Indonesian digital payment ecosystem is entering a new phase of massive growth coupled with increasing systemic complexity. Industry leaders at the Visa Indonesia Client Forum 2026 highlighted the need to shift focus from transaction volume to responsible growth and advanced security measures against AI-driven fraud.

Motives revealed in the murder of South Korean national in Bekasi

Police have identified the motives behind the premeditated murder of South Korean furniture entrepreneur Byong Chan Sang in Bekasi. The investigation revealed that the victim's ex-wife orchestrated the killing to seek revenge and seize his assets, hiring an executor for a significant payment.

Bappenas to Launch GIFT, Targeting US$ 2 Billion in Investment

The Indonesian Ministry of National Development Planning (Bappalar/Bappenas) is set to launch the Green Indonesia Future Initiative (GIFT) to drive green growth and climate action. The initiative aims to attract US$ 2 billion in investment, focusing on sectors such as renewable energy, blue economy, and sustainable urban infrastructure.

First Batch of Bekasi Pilgrims Arrives in Indonesia, One Pilgrim Remains in Saudi Arabia Due to Illness

The first group of Hajj pilgrims from Bekasi, West Java, has returned to Indonesia, though one individual remains in Saudi Arabia for medical treatment. The pilgrim is currently undergoing quarantine in Mecca due to chickenpox to prevent further transmission within the group.

Iran Suspends Negotiations, Trump Claims Progress Continues, Israel Attacks Lebanon, France Calls for Action

Escalating violence in the Middle East, driven by Israeli military operations in Lebanon, has led Iran to suspend peace negotiations with the United States. While President Donald Trump maintains that diplomatic talks are progressing rapidly, the situation remains volatile with significant implications for global economic stability and oil prices.

High Student Enthusiasm for Career Opportunities in the Web3 Industry

The Web3 University Tour 2026 has arrived in Bandung, showcasing significant interest among students in blockchain technology. Organised by Coinvestasi in collaboration with Binance Academy and BNB Chain, the event aims to foster digital talent through hands-on workshops and hackathons.

Rupiah Continues to Decline to Rp17,839 per US Dollar as Geopolitical Sentiment and Inflation Apply Pressure

The Indonesian Rupiah weakened by 0.19 per cent to Rp17,839 against the US Dollar due to global geopolitical uncertainties and recent inflation data. Rising global crude oil prices are also driving up demand for US Dollars to fund Indonesia's significant oil imports.

Prabowo Accompanied by Anthony Robbins Inspects Free Nutritious Meal Programme at SMPN 111 Jakarta

President Prabowo Subianto visited SMPN 111 Jakarta to monitor the implementation of the Free Nutritious Meal (MBG) programme. Accompanied by American motivational speaker Anthony Robbins, the President interacted with students to ensure the national priority programme is delivering its intended benefits.

Strategies of SOE Regulatory Agency and Danantara to Boost MIND ID Effectiveness

The State-Owned Enterprise Regulatory Agency (BP BUMN) and Danantara are accelerating the organisational and business restructuring of MIND ID. This initiative aims to strengthen the national mining holding company's ability to manage the downstreaming of mineral and coal industries effectively.

Mother of 3-Year-Old Who Died Following CT Scan at Prambanan Regional Hospital Files Complaint

A mother has reported the Director of Prambanan Regional Hospital and a doctor to the police following the death of her three-year-old child during a CT scan procedure. Legal counsel alleges potential malpractice and breaches of standard operating procedures, specifically regarding the lack of specialist supervision during sedation.

Rupiah Closes Weaker at Rp 17,839 on Tuesday Afternoon

The Indonesian Rupiah weakened by 0.19 per cent against the US Dollar, closing at Rp 17,839. The decline was driven by ongoing geopolitical uncertainties involving Iran and the United States, alongside the release of Indonesia's latest inflation data.

Nadiem's Plea: Observer States Budget Savings Do Not Erase Corruption Elements

Legal expert Fajar Trio has criticised the defence plea of former Minister Nadiem Makarim in the Chromebook procurement corruption case. The observer argues that claims of budget efficiency and the use of free software do not negate criminal liability if price mark-ups occurred.

Corridor Gate Service Accelerates Hajj Pilgrims' Embarkation, Khofifah Praises Immigration

Khofifah Indar Parawansa has commended the Directorate General of Immigration for implementing the 'Corridor Gate' service to streamline the departure of Hajj pilgrims. The technology utilises iris recognition to expedite identity verification, reducing the need for manual passport checks.

Oil and Gas Companies Required to Deposit at Least 30% of Export Proceeds Locally

The Indonesian government has introduced new regulations under Government Regulation Number 21 of 2026 regarding the placement of natural resource export proceeds (DHE SDA). Under the new rules, oil and gas exporters must deposit at least 30% of their export proceeds in domestic accounts for a minimum of three months.

Heart Condition Leads to Death of Aceh Hajj Pilgrim Following Armuzna Peak Rituals

A 74-year-old Hajj pilgrim from Aceh, Ibrahim bin Abdul Kadir Nuh, has passed away in Makkah due to heart complications and breathing difficulties. He was the first pilgrim from Pidie Regency to die during the 1447 H/2026 M Hajj season.

Number of Tourists to Jakarta Decreased in April 2026

The number of domestic trips to Jakarta fell by 19.97% month-on-month in April 2026, primarily due to the conclusion of the Eid homecoming period. Despite the decline in visitor numbers, star-rated hotel occupancy rates saw a notable increase compared to the previous month.

Mitsubishi Estate Introduces New and Largest Shopping Centre in Bali

Mitsubishi Estate, in collaboration with Kura Kura Bali, has announced the development of Sira Village, a major new premium outlet destination scheduled to open on 31 July 2026. Located within the Kura Kura Bali Special Economic Zone, the project aims to integrate global luxury brands with Balinese culture to boost local tourism and economic growth.

KPK Investigating Involvement of Over 20 Forwarders in Alleged Customs Bribery Case

The Corruption Eradication Commission (KPK) is expanding its investigation into alleged bribery and gratification within the Directorate General of Customs and Excise. The probe now includes more than 20 forwarding companies operating across various Indonesian sea and air ports.

Indonesia gives 5,000 scholarships for future palm oil industry talent

The Palm Oil Fund Management Agency (BPDPKS) has announced an increase in its scholarship quota to 5,000 for 2026, marking the largest allocation since the programme began in 2016. This initiative, conducted in collaboration with the Ministry of Agriculture, aims to develop high-quality human resources to support the future growth and sustainability of Indonesia's strategic palm oil sector.

UI Board of Professors Reaffirms Commitment to Strengthening Integrity and Ethics

The Board of Professors of the University of Indonesia (DGB UI) has emphasised the vital role of culture, integrity, and ethics in national progress. The forum highlighted the need to combat academic misconduct, such as plagiarism and document forgery, to restore public trust in higher education.

100% Natural Resource Export Proceeds Mandatory in State-Owned Banks, OJK Discusses Impact

The Financial Services Authority (OJK) anticipates a smooth transition for the new regulation requiring 100% of natural resource export proceeds (DHE SDA) to be placed in state-owned banks. While concerns regarding foreign exchange liquidity exist, the OJK believes exchange rate risks can be managed provided limits are not exceeded.

To Tackle Jakarta Flooding, Provincial Government Relies on Pumps, Dredging, and River Normalisation

The Jakarta Provincial Government is implementing an integrated flood control system involving the strengthening of pumping stations, extensive dredging of waterways, and river normalisation projects. Key initiatives include the JakTirta Project 2025-2027 and collaborative efforts with the central government to manage the Ciliwung, Krukut, and Cakung Lama rivers.

BPJS Ketenagakerjaan and Bank Indonesia Collaborate to Foster New Entrepreneurs from Benefit Funds

BPJS Ketenagakerjaan and Bank Indonesia are exploring a strategic partnership to transform social security benefit funds into productive capital for new entrepreneurs. The initiative focuses on providing financial literacy, MSME development, and digital payment training to ensure long-term economic empowerment for beneficiaries.

Recurring Fires: Observers Urge Against Partial Handling

Urban planning expert Bakti Setiawan has called for a comprehensive approach to tackling the recurring fire incidents in Jakarta's densely populated areas. He emphasises that authorities must shift focus from reactive firefighting to proactive prevention, including infrastructure improvements and stricter electrical regulations.

International Tourist Arrivals Increase by 14.75 Per Cent

Indonesia saw a significant rise in international tourist arrivals in April 2026, with a 14.75 per cent increase compared to the previous month. The surge was primarily driven by visitors from Malaysia, Australia, China, and Singapore, contributing to a cumulative total of 4.68 million arrivals since the start of the year.

Bogor Regent Proposes Development of Lebak-Bogor-Sukabumi Axis Road

Bogor Regent Rudy Susmanto has proposed the construction of a new arterial road connecting the Lebak, Bogor, and Sukabumi regencies to boost regional connectivity. The plan aims to create an alternative route through Malasari and Cianten, potentially stimulating economic growth and tourism in previously isolated areas.

Husein Sastranegara to be Reactivated, Dedi Mulyadi: Kertajati May No Longer Serve Commercial Flights

West Java Governor Dedi Mulyadi has announced plans to reactivate Husein Sastranegara Airport following instructions from President Prabowo Subianto. The move may lead to the cessation of commercial flight services at Kertajati Airport as authorities prepare for new traffic management strategies.

Health Minister targets liver transplant capabilities across 34 provinces

Indonesia's Health Minister, Budi Gunadi Sadikin, aims to expand liver transplant services to all 34 provinces to reduce the need for citizens to seek treatment abroad. The initiative involves Fatmawati Hospital leading the training and implementation of these procedures across the nation.

Indonesia's Rice and Paddy Production Suddenly Declines, What is the Cause?

Statistics Indonesia (BPS) reports that national rice production for January-July 2026 has decreased by 0.35% compared to the previous year. The decline is attributed to a reduction in harvested areas and fluctuating weather conditions across the archipelago.

Kompolnas on TNI Assisting in Tackling Street Robbery: Police Track Record is Substantial

The National Police Commission (Kompolnas) has expressed confidence in the Indonesian National Police's ability to combat street robbery following the TNI's decision to assist in security efforts. Kompolnas highlighted that existing technological advancements and surveillance infrastructure provide the police with sufficient resources to handle such crimes professionally.

Airlangga visits France and Belgium to oversee OECD accession

Coordinating Minister for Economic Affairs Airlangga Hartarto is leading an Indonesian delegation to Paris and Brussels to accelerate the nation's membership process with the OECD. The visit aims to ensure smooth economic cooperation with the European Union and navigate the technical review stages of the accession.

National Police Commission: Polri Capable of Tackling Street Robbery Using Technology

The National Police Commission (Kompolnas) has expressed confidence in the Indonesian National Police's ability to combat street robbery through the use of advanced technology and surveillance. The commission highlighted the importance of CCTV networks and the 110 emergency hotline in maintaining public safety.

Bulog accelerates food aid distribution in Jakarta

Bulog's Jakarta and Banten regional office is fast-tracking the distribution of rice and cooking oil to beneficiaries to mitigate potential food price hikes. The initiative aims to complete 100 per cent of the distribution in Jakarta within the next two to three weeks.

The Legacy of Indonesian Elephant Researchers

An exploration of the historical evolution of elephant research in Indonesia, spanning from 19th-century taxonomic discoveries to modern conservation strategies. The article highlights how scientific data has historically driven Indonesian environmental regulations and wildlife protection policies.

Prabowo swarmed by students seeking autographs after inspecting Free Nutritious Meal programme

President Prabowo Subianto visited SMPN 111 Jakarta to monitor the implementation of the national Free Nutritious Meal (MBG) programme. During the visit, the President engaged with students and personally signed autographs for the enthusiastic crowd.

Infinix XPAD 20 Price: An Affordable Tablet Featuring AI

The mid-to-low-end tablet market is heating up with the introduction of the Infinix XPAD 20, which integrates artificial intelligence features. The device is expected to target students and professionals with an estimated price range of IDR 2 million to 3 million.