Indonesian Political, Business & Finance News

Archive: 2 June 2026

Showing 651-700 of 1,852 articles

Finance Minister emphasises Pancasila as the guiding principle for state financial management

Finance Minister Purbaya Yudhi Sadewa has asserted that Pancasila values must underpin all fiscal policies, services, and oversight within the Ministry of Finance. He emphasised that the state budget serves as a public mandate that must be managed with accountability and a focus on social welfare.

Esa Unggul University and Thunderbird School of Global Management Drive Global Standard Entrepreneurship Education Collaboration

Esa Unggul University, in partnership with Arizona State University, has strengthened its international ties through a visit from the Thunderbird School of Global Management. The collaboration focuses on the 'Najafi 100 Million Learners' programme, aiming to enhance entrepreneurship, leadership, and innovation skills among Indonesian students through global-standard training.

UIN Jakarta Strengthens Governance and Asset Management to Mature Transformation Towards PTNBH Status

UIN Syarif Hidayatullah Jakarta is intensifying its institutional governance and asset management efforts as part of its transition towards becoming a Legal Entity State University (PTNBH). The Minister of Religious Affairs has expressed support for these reforms, which aim to ensure accountability and legal certainty during the institutional transformation.

Indonesians Become

Indonesians are increasingly opting for road trips over air travel due to rising domestic flight costs. This shift is driven by the weakening Rupiah and increased operational costs for airlines, such as aviation fuel prices.

Govt strives improve digital economy's contribution to GDP

The Indonesian government aims to increase the digital economy's contribution to national GDP to between 12 and 13 per cent by 2029. This strategic transformation focuses on accelerating digitalisation across key sectors such as MSMEs, agriculture, and finance to drive long-term economic growth.

Democrat Party on AHY's Role in High-Speed Rail: A Mandate to be Fulfilled

The Democratic Party has expressed support for President Prabowo Subianto's decision to appoint Coordinating Minister Agus Harimurti Yudhoyono (AHY) as the Chairman of the Jakarta-Bandung High-Speed Railway Committee. The appointment aims to address existing project challenges, including cost overruns and financing, while overseeing the expansion of the rail network towards Surabaya.

Incredible! After Five Years of Growth, MIXUE Becomes the Largest Beverage Chain

The Chinese tea brand MIXUE has rapidly expanded in Indonesia, reaching nearly 2,600 outlets across the country by late 2025. The brand's success is attributed to its localisation strategy, including Halal certification and deep integration into the local supply chain, which has created thousands of jobs.

Ban on Social Media for Children in Malaysia Sparks Criticism

The Malaysian government has introduced regulations requiring social media platforms to implement age verification and block users under 16 to combat online harms. While some parents support the move to protect children from harmful content, critics warn of potential privacy risks and the possibility of driving teenagers toward unregulated parts of the internet.

Indonesia's ECE enrollment rate hits 88.38 pct amid govt interventions

Indonesia's early childhood education (ECE) enrolment rate has risen significantly to 88.38 per cent following targeted government interventions. These efforts are part of a broader strategy to implement a 13-year compulsory education programme, which includes improving infrastructure and revising the National Education System Law.

Nickel-Based EV Incentives Seen as Key to Strengthening National Downstreaming

The Indonesian government is planning significant tax incentives for nickel-based electric vehicles to bolster the domestic nickel downstream industry. These measures include 100% VAT coverage for nickel-based battery cars, aimed at transforming Indonesia from a raw material supplier into a major player in the global battery value chain.

Take Note! Deadline for Vehicle Tax Amnesty in Jakarta Announced

The Jakarta Provincial Government has announced a waiver of administrative sanctions for Motor Vehicle Tax (PKB) and Motor Vehicle Title Transfer Fee (BBNKB) payments. This amnesty programme is scheduled to run from 1 June 2026 until 31 August 2026 to commemorate Jakarta's 499th anniversary.

Ministry of Industry asserts PMI return to expansion proves industrial resilience

The Indonesian Ministry of Industry has highlighted the return of the manufacturing Purchasing Managers' Index (PMI) to the expansion zone in May 2026. This recovery, driven by increased raw material stockpiling and domestic demand, demonstrates the national industry's ability to withstand global economic uncertainties.

Denpasar Prosecutors Seek 7.5-Year Prison Sentence for Cannabis Dealer

Prosecutors in Denpasar have demanded a prison sentence of seven and a half years for a 32-year-old man involved in the distribution of narcotics in Bali. The defendant is also facing a fine of Rp200 million following the discovery of various drugs, including cannabis and crystal methamphetamine.

122 Study Programmes Closed Throughout 2026, Minister of Higher Education, Science, and Technology: These are Proposals from Public and Private Universities

The Minister of Higher Education, Science, and Technology, Brian Yuliarto, clarified that the closure of 122 study programmes in 2026 was initiated by universities rather than government mandate. The Ministry aims to focus on curriculum transformation and alignment with industrial needs rather than unilateral closures.

BNPB opens public kitchen, provides food for N Gorontalo flood victims

The National Disaster Management Agency (BNPB) has established a public kitchen to distribute ready-to-eat food to residents affected by recent flooding in North Gorontalo. The disaster, triggered by the overflowing Didingga River, has impacted over 2,800 people and caused significant damage to residential properties across five villages.

Metro Jaya Police Trace Assets of Hanania Travel Boss to Recover Victim Losses

The Metro Jaya Regional Police are currently tracing the assets of Ahmad Syah Farhan, the owner of Hanania Travel, following allegations of umrah pilgrimage fraud. The investigation aims to recover funds lost by dozens of victims, totalling approximately Rp 12.14 billion, to facilitate their intended religious journeys.

Indonesia's External Buffer Shrinks Amid Surge in Imports

Indonesia's trade surplus significantly narrowed in April 2026 due to a rapid increase in imports outpacing export growth. While the non-oil and gas sector remains in surplus, rising energy costs and high demand for capital goods are putting pressure on the nation's external economic stability.

Working Hard for Years but No Promotion? The Dilemma Facing Workers is Finally Being Addressed

Many Indonesian workers face career stagnation due to formal educational requirements despite having significant work experience. To address this, flexible higher education programmes are emerging to allow professionals to upgrade their qualifications without leaving the workforce.

Angkasa Pura: Facilities and Personnel Ensured to Guarantee Smooth Arrival of Pilgrims

PT Angkasa Pura has fully mobilised airport facilities and operational personnel at Lombok International Airport to manage the arrival of Hajj pilgrims. The airport management is coordinating closely with all stakeholders to ensure a safe and seamless process for the 15 flight groups scheduled to return to West Nusa Tenggara.

IDX Closes Up 1.11% Today as Conglomerate Stocks Rally

The Indonesia Stock Exchange (IHSG) rose by 1.11% to close at 6,195.43, driven by a significant surge in conglomerate-linked stocks and major banks. The rally was led by utilities and heavyweights such as BREN and AMMN, even as the Rupiah strengthened against the US Dollar.

Public Enthusiastic About New Premiums, Yet Insurance Revenue Declines

The Indonesian Life Insurance Association (AAJI) reported a 6% contraction in total life insurance revenue for the first quarter of 2026, despite a 5% growth in new business premiums. This decline is attributed to lower premium income and negative investment returns, even as the number of insured individuals rose significantly.

Expert: Police Bill must strengthen Kompolnas as external supervisor

Legal experts have urged that the proposed amendments to the National Police Law must transform the National Police Commission (Kompolnas) into an effective external oversight body. They suggest expanding its authority to monitor complaints and evaluate policies, while ensuring it does not infringe upon active criminal investigations.

Understanding SPMB Bersama Jakarta 2026: A Solution for Quality Education Without Costs

The Jakarta Provincial Government has introduced the SPMB Bersama programme to expand access to high-quality private education for residents. Under this scheme, the government covers tuition and enrolment fees for partner private schools, effectively providing free education similar to the public school system.

Minister of Higher Education, Science, and Technology: Closing Study Programmes is Not Our Policy

The Minister of Higher Education, Science, and Technology, Brian Yuliarto, has clarified that the ministry is not planning to shut down academic programmes to align with industry needs. Instead, the government aims to focus on curriculum development and modernisation to ensure educational relevance in the era of artificial intelligence and machine learning.

Iran Threatens Israel and US if Attacks on Lebanon Do Not Cease

Tehran has issued a stern warning to the United States and Israel, stating that continued Israeli military operations in Lebanon could jeopardise ongoing diplomatic negotiations with Washington. Iranian officials emphasised that a full ceasefire in Lebanon is a prerequisite for any meaningful political settlement or progress on frozen assets.

Kompolnas Awards to Return This Year; Public Input Requested

The National Police Commission (Kompolnas) has announced the return of the Kompolnas Awards, inviting public, media, and academic participation in the evaluation process. The awards aim to recognise outstanding performance within various Indonesian National Police units and encourage best practices across the force.

Hanania Travel Boss Named Suspect After Failing to Send Umrah Pilgrims Due to Alleged Flight Ticket Issues

The Director of PT Khazanah Tamma Internasional has been detained following allegations of fraud and embezzlement involving Umrah pilgrimage funds. Investigators discovered that funds intended for pilgrims were instead diverted to pay influencers for marketing purposes.

Ministry of Higher Education, Science, and Technology to Pursue Legal Action Against Overseas Research Falsification

The Indonesian Minister of Higher Education, Science, and Technology, Brian Yuliarto, has announced plans to initiate legal proceedings against individuals involved in research falsification at an international conference. An investigation team has been established to identify perpetrators and address the unauthorised use of university affiliations.

Jakarta experiences 0.12 per cent monthly inflation in May 2026

Jakarta recorded a monthly inflation rate of 0.12 per cent in May 2026, driven primarily by rising costs in the transport sector. The increase was largely attributed to higher petrol prices resulting from global oil price surges.

Collective Passport Applications Can Be Processed Without Visiting Immigration Offices, Here Is How

The Directorate General of Immigration offers the 'Eazy Passport' service, allowing large groups to apply for passports at their preferred locations. This initiative aims to streamline the application process for government agencies, educational institutions, and communities through a mobile service system.

Minister Dody Requests Rp34 Trillion Budget Increase for Public Works from Parliament

The Indonesian Ministry of Public Works is seeking an additional Rp34.33 trillion from Parliament to fund President Prabowo Subianto's priority infrastructure programmes. The funds are earmarked for projects including rural schools, regional roads, and irrigation systems.

Jambi Regional Council and Provincial Government Support PT DSI in Managing Natural Resource Exports

The Jambi Provincial Legislative Council (DPRD) and the provincial government have expressed support for the central government's decision to task PT Danantara Sumberdaya Indonesia (DSI) with managing natural resource exports. This initiative aims to strengthen export governance and prevent illegal practices such as under-invoicing and transfer pricing.

Ex-Wife of Reza Smash Named Suspect in International Love Scam, Earning Rp20 Million per Month

The Central Java Regional Police have uncovered an international 'pig butchering' fraud syndicate operating out of Sukoharjo, targeting victims in the United States. Former model Fabiola Elizabeth, the ex-wife of singer Reza Smash, has been identified as a suspect involved in the emotional manipulation of victims.

Video: Indonesian Students to Learn French - Ebola Outbreak Intensifies

President Prabowo Subianto has announced plans to instruct all levels of Indonesian schools to incorporate French language studies into their curriculum. Meanwhile, the World Health Organisation is ramping up aid to the Democratic Republic of Congo as the Ebola outbreak spreads across the eastern region.

Jakarta Provincial Government Maps Damaged Armco Culverts to Prevent Road Subsidence

The Jakarta Provincial Government has begun mapping damaged Corrugated Steel Pipe (CSP) culverts across the city to prevent further road subsidence incidents. The initiative, led by the Water Resources Agency, aims to identify ageing infrastructure that requires urgent replacement with more durable box culverts.

Qodari: Meeting Between Prabowo and Megawati Reflects Pancasila as a Unifier of the Nation

The Head of the Government Communications Agency, Muhammad Qodari, stated that the meeting between President Prabowo Subianto and Megawati Soekarnoputri embodies the spirit of national unity. He emphasised that despite their differing political positions, both leaders remain committed to the principles of Pancasila and the stability of the nation.

Abu Janda Labels West Sumatra and West Java 'Barbaric'; KDM: Unjustified! West Java People Have Always Been Tolerant

West Java Governor Dedi Mulyadi has refuted claims by Abu Janda that West Sumatra and West Java are 'barbaric' due to intolerance. KDM asserted that West Java remains a highly tolerant and open province, suggesting that instances of intolerance are often caused by miscommunication or non-native urban residents.

Minister of Higher Education, Science, and Technology Reveals Indonesian Citizens Allegedly Falsified Research for Travel Grants

The Minister of Higher Education, Science, and Technology has disclosed that four Indonesian citizens allegedly falsified research to secure travel grants for an international conference in Denmark. The suspects, who are alumni of Yogyakarta State University, are currently under investigation as authorities seek to protect the international credibility of Indonesian researchers.

Momentum Akumulasi Saham AMMN: Sentimen MSCI Berlalu, Harga Murah

Analysts suggest that PT Amman Mineral Internasional Tbk (AMMN) presents an accumulation opportunity following the conclusion of negative MSCI sentiments and operational transitions. Projections indicate a significant surge in net profit by 2026 and 2027, driven by increased production and high copper and gold prices.

Esa Unggul University's RPL Programme: A Solution for Career Advancement through Recognition of Prior Learning

Universitas Esa Unggul has introduced a Recognition of Prior Learning (RPL) scheme designed to help professionals convert years of work experience into academic credits. This initiative aims to bridge the gap between practical field expertise and formal qualifications, allowing workers to advance their careers more efficiently.

Rupiah Depreciation Impacts Prices of Imported Dairy Cattle

The weakening of the Indonesian Rupiah against the US Dollar is driving up the cost of imported dairy cattle, primarily from Australia. This currency fluctuation is also pressuring the national dairy processing industry, which relies heavily on imported raw materials.

AAJI: Life Insurance Claims Reach Rp 38.73 Trillion in Q1 2026

The Indonesian Life Insurance Association (AAJI) reported that life insurance claims and benefits reached over Rp 38 trillion in the first quarter of 2026. This represents a 1.5 per cent increase compared to the same period in 2025, despite ongoing economic uncertainties and high medical inflation.

SPMB Bersama Jakarta 2026: 7,708 Free Seats Available in Private Schools

The Jakarta Provincial Government has officially launched the 2026 Joint New Student Admission (SPMB Bersama) programme, offering 7,708 free seats in private junior and senior high schools. The initiative aims to provide high-quality education to underprivileged students by covering all tuition and enrolment fees.

Indonesia Needs Over 1 Million Dairy Cows to Achieve Milk Self-Sufficiency

The Indonesian Ministry of Agriculture has revealed that the nation requires an additional 1 million dairy cows to reach its goal of milk self-sufficiency. Currently, the domestic population stands at approximately 540,000 head, with the majority held by smallholder farmers.

Pertamina Patra Niaga Supports Energy Security through PINDEX 2026

PT Pertamina Patra Niaga is set to host the Pertamina Patra Niaga Infrastructure Downstream Experience (PINDEX) 2026 to promote national energy independence. The event will serve as a collaborative platform for industry players, academics, and technology partners to showcase innovations in downstream energy engineering and infrastructure.

Prabowo Visits SMPN 111 Jakarta to Inspect Free Nutritious Meal Programme, Joins Students for Lunch

President Prabowo Subianto visited SMPN 111 Jakarta to monitor the implementation of the Free Nutritious Meal (MBG) programme, funded by the state budget. During the visit, the President interacted with students and inspected the nutritional service units to ensure the programme's operational standards are met.

A New Way for Companies to Manage Taxes Without End-of-Month Overtime

BRI has introduced QLola, a digital cash management solution designed to streamline corporate tax payments. The platform offers features such as mass payments, real-time payment proofs, and 24/7 accessibility to enhance operational efficiency and compliance.

First Batch of Hajj Pilgrims from Pondok Gede Embarkation Arrive in Indonesia

The first group of 391 Hajj pilgrims from the Pondok Gede embarkation has arrived at Soekarno-Hatta International Airport. This arrival marks the beginning of the large-scale repatriation phase, with tens of thousands of pilgrims expected to return to Indonesia throughout June.

Boni Hargens: Restoring Public Trust, An Exemplar of the National Police Chief's Leadership

Political analyst Boni Hargens has praised National Police Chief General Listyo Sigit Prabowo for his commitment to transparency and open dialogue. Hargens suggests that this communicative approach is essential for rebuilding public trust and countering negative narratives within Indonesia's democratic landscape.

Timor-Leste Urges ASEAN to Continue Intensive Dialogue with Myanmar

Timor-Leste President José Ramos-Horta has called on ASEAN to maintain active engagement with Myanmar's military authorities to address the ongoing crisis. He emphasised that dialogue with the Tatmadaw is essential to implement ASEAN's position and urged the release of political prisoners, including Aung San Suu Kyi.