Indonesian Political, Business & Finance News

Archive: 2 June 2026

Showing 801-850 of 1,852 articles

Palm Kernel Shell Exports to Japan Drive Foreign Exchange and Local Economy

The Parepare Customs Office is actively supporting the export of palm kernel shells to Japan, facilitating a shipment worth 976,500 USD. This export activity contributes significantly to national revenue through export duties and plantation funds, while boosting the local economy.

Metro Jaya Regional Police to Continue Investigation into Andrie Yunus Acid Attack Following Pre-trial Ruling

The Metro Jaya Regional Police have announced their commitment to resuming the investigation into the acid attack on Andrie Yunus, Vice Coordinator of KontraS, following a South Jakarta District Court ruling. The police intend to coordinate with military authorities to identify all suspects, including potential civilian actors and intellectual masterminds.

Youth Movement Emerges: 'Cockroach Party' Protests Economic Hardship and Fuel Prices

The 'Cockroach Janta Party' (CJP) has emerged as a significant political phenomenon among India's Gen Z, driven by dissatisfaction with unemployment and rising living costs. Originally a satirical social media movement, the group has amassed millions of followers as a symbol of resistance against economic instability.

Rupiah Weakens and Operational Costs Rise, Lion Group Claims Flight Demand Remains High

Despite the weakening rupiah and rising aviation fuel prices, Lion Group remains optimistic about the national aviation industry's prospects. The airline group notes that demand for air travel remains robust, driven by tourism, business, and religious pilgrimage needs.

Police Reveal Hanania Group Director Used Pilgrims' Funds to Cover Financial Deficits

The Metro Jaya Regional Police have identified the Director of PT Khazanah Tamma Internasional as the suspect in an alleged embezzlement scheme involving Umrah pilgrimage funds. The suspect is accused of misappropriating money intended for pilgrims to cover company financial issues, with total reported losses reaching over Rp12 billion.

Luxury Goods Become New Safe Haven, Pawn Company Targets Liquidity Needs of Premium Clients

Amidst global economic uncertainty, High Net Worth Individuals (HNWIs) in Indonesia are increasingly viewing luxury goods such as premium watches and exclusive handbags as safe-haven assets. To meet this demand, PT Lesca Gadai Premier is expanding its 'Smart Liquidity' services, allowing wealthy clients to access cash without selling appreciating assets.

Reviewing Free Nutritious Meal Programme, President Prabowo Dialogues with Students at SMPN 111 Jakarta

President Prabowo Subianto visited SMPN 111 Jakarta to monitor the implementation of the Free Nutritious Meal (MBG) programme. During the visit, the President engaged in a dialogue with student council members regarding their future aspirations and encouraged them to remain dedicated to their studies.

Maize Harvest for May-July 2026 Predicted to Decline

The Indonesian Central Statistics Agency (BPS) forecasts a decrease in maize harvest area and production for the May to July 2026 period. While April 2026 showed growth, the overall outlook for the first half of the year suggests a downward trend compared to 2025.

Israel's Barbaric Actions in Lebanon: US Media Reports Trump Furious with Netanyahu, Saying 'You Are Truly Mad!'

US President Donald Trump has reportedly lashed out at Israeli Prime Minister Benjamin Netanyahu following the escalation of military operations in Lebanon. Trump allegedly accused Netanyahu of jeopardising US negotiations with Iran and expressed deep frustration over the disproportionate nature of the attacks.

Metro Jaya Police Respect Court Ruling on Andrie Yunus Acid Attack Case

The South Jakarta District Court has partially granted a pretrial motion regarding the acid attack on KontraS activist Andrie Yunus, ordering the Metro Jaya Police to continue the legal process. The police have stated they respect the court's decision and will proceed in accordance with existing laws and regulations.

Police Law Revision: A Momentum to Harmonise Constitutional Court Rulings Regarding Civil Positions

Legal experts are urging the Indonesian Parliament to use the ongoing Police Law revision to clarify the placement of active police officers in civil roles. The revision aims to eliminate legal ambiguity following recent Constitutional Court rulings regarding functional connections to police duties.

PLN: Rising temperatures and increased household activity affect electricity bills

PT PLN (Persero) has explained that fluctuations in electricity bills are primarily driven by changes in consumption patterns caused by rising temperatures and increased domestic activity. The state-owned utility clarified that there has been no increase in electricity tariffs, as regulated by the Ministry of Energy and Mineral Resources.

Causes of Rorotan-Cakung BKT Becoming a 'Begal' Paradise: Deserted Routes to Stolen Streetlights

The 7.5-kilometre alternative route connecting Cakung, Rorotan, and Bekasi has become a hotspot for street robberies, often occurring even during daylight hours. Factors such as inadequate street lighting, dense trees, and the isolation of the route from residential areas have contributed to the rising crime rate.

Face Recognition for SIM Card Registration Expected to Mitigate Noise and Ensure Encryption

The Indonesian government plans to implement facial recognition technology for SIM card registration starting 1 July 2026 to enhance identity validation. Cybersecurity expert Alfons Tanujaya warns that challenges such as outdated biometric data, technical noise, and server reliability must be addressed to ensure the system's success.

10 Countries with the Lowest Rates of International Travel: Where Does Indonesia Rank?

A recent Pew Research Center survey reveals that Indonesia has the second-highest percentage of citizens who have never travelled abroad, following only India. The report highlights how economic factors, passport strength, and visa requirements significantly impact global mobility levels.

Annual General Meeting: Vale Indonesia Approves $45.64 Million Dividend

PT Vale Indonesia Tbk (INCO) has announced the approval of a dividend distribution totalling US$45.64 million following its Annual General Meeting of Shareholders. The decision follows a strong 2025 performance, where the company reported a 32 per cent increase in net profit to US$76 million.

Indomaret Promotions Today, 2 June 2026: Discounts on Fresh Vegetables and Fruit

Indomaret, one of Indonesia's largest minimarket chains, has announced a series of promotional offers including discounts on fresh produce and household essentials. The campaign features various deals such as bundle offers, private label discounts, and special pricing for loyalty members.

Archaeologists Discover Evidence of Oldest Surgery in Central Asia, Dating Back 4,000 Years

A recent archaeological discovery in Uzbekistan has revealed a 4,000-year-old skull of a five-year-old child showing evidence of ancient cranial trepanation. This finding represents the oldest recorded surgical practice in Central Asia, providing insight into the medical and ritualistic practices of the Bronze Age Oxus civilisation.

PLN Responds to Viral Complaints Regarding Surging Electricity Bills

PT PLN (Persero) has addressed social media concerns regarding a significant increase in electricity bills reported by some customers. The state-owned utility clarified that there has been no official increase in electricity tariffs and suggested that changes in consumption patterns may be due to weather conditions.

Ministry of Religious Affairs: Contingents from 38 Provinces to Enliven 14th National Pesparawi

The Ministry of Religious Affairs has announced that the 14th National Church Choir Festival (Pesparawi) in 2026 will feature participants from all 38 Indonesian provinces. The event, scheduled to take place in Manokwari, West Papua, aims to promote religious moderation and spiritual strengthening.

Indonesian Ministry of Defence: Defence Industry Cooperation with Qatar Still in Exploration Phase

The Indonesian Ministry of Defence has signed a memorandum of understanding with Qatar's Barzan Holdings to explore cooperation in the defence industry. The agreement also covers military training, education, and strategic dialogue to strengthen bilateral relations.

Nadiem Makarim Claims Chromebook Case Undermines Investor Confidence in Indonesia

Former Education Minister Nadiem Makarim has argued that his ongoing corruption trial regarding Chromebook procurement is creating uncertainty for investors in Indonesia. The prosecution alleges the project caused state losses of approximately Rp2.24 trillion, while Nadiem maintains his innocence and denies any wrongdoing.

Bappenas: Accelerating Digitalisation to Boost Indonesia's Digital Economy

The Indonesian Ministry of National Development Planning (Bappenas) has emphasised the need to accelerate digitalisation across various industrial sectors to meet national targets. The government aims for the digital economy to contribute between 12% and 13% to the national GDP by 2029.

PIKI Focuses on Becoming a Think Tank for Indonesia Emas 2045

The newly inaugurated board of the Indonesian Christian Intelligence Union (PIKI) for the 2026-2031 period aims to transform the organisation into a progressive think tank. The initiative seeks to provide concrete solutions and leadership to support Indonesia's long-term vision of becoming a developed nation by 2045.

Gerindra Praises Megawati's Stance Towards Prabowo: Unlike Dino Patti Djalal

Gerindra Party Deputy Chairman Habiburokhman has commended Megawati Soekarnoputri for her statesmanlike respect towards President Prabowo Subianto. He contrasted her approach with that of Dino Patti Djalal, suggesting her conduct helps reduce political polarisation despite her party being outside the government.

Malili Customs and Satpol PP Seize 65,800 Illegal Cigarettes During Toraja Market Operation

Customs officials in Malili, in collaboration with regional law enforcement, have intercepted approximately 65,800 illegal cigarettes during a multi-day patrol in the Toraja region. The operation successfully prevented potential state revenue losses of over Rp 59 million and aims to promote fair competition in the tobacco industry.

Hajj Task Force has handled 59 cases related to Hajj implementation until May

The Hajj Task Force, a collaboration between the Indonesian National Police and the Ministry of Hajj and Umrah, has processed 59 cases involving fraud and non-procedural Hajj practices. These cases have resulted in 550 victims and total losses amounting to Rp21.7 billion.

Metro Jaya Police to Summon Influencers Promoting Hanania Travel

The Metro Jaya Police are set to interrogate social media influencers involved in marketing Umrah packages for Hanania Travel following a major fraud investigation. The CEO of the travel agency has been named a suspect in a case involving the embezzlement of Rp 12.14 billion in pilgrim funds.

Metro Jaya Police Respond to Pre-trial Ruling in Andrie Yunus Case

The Metro Jaya Regional Police have announced they will respect the South Jakarta District Court's decision to order the continuation of the investigation into the acid attack on activist Andrie Yunus. The ruling mandates that the police proceed with the legal process regarding the reported assault.

Car Battery Price Update for June 2026: Prices Begin to Rise

Car owners in Indonesia may face higher maintenance costs as several car battery models have seen price increases in June 2026. While some budget-friendly and MPV segments show price drops, premium vehicle battery prices are trending upwards.

Computex 2026: SSSTC Expands Immersion Cooling SSD Product Portfolio to Address Temperature Management Challenges in AI Data Centres

SSSTC, a subsidiary of Kioxia Corporation, has unveiled a range of enterprise-grade SSDs specifically designed for immersion cooling systems at Computex 2026. These innovations aim to tackle the thermal management challenges posed by the rapid growth of generative AI and high-density computing in modern data centres.

Indonesia Imports 2.5 Tonnes of Gold in April 2026, Primarily from Australia and UAE

Indonesia's gold imports reached 2.50 tonnes, valued at US$ 377.2 million, in April 2026, with Australia being the largest supplier. This import activity occurred amidst a three-month decline in international gold prices, which has contributed to deflationary pressures in Indonesia.

School Holidays Boost Domestic Tourism Optimism, Archipelago Hotels Enhance Stay Accessibility for Families

Archipelago Hotels has launched the 'School's Out, Let's Go!' campaign, offering significant discounts to capitalise on the upcoming school holiday season. The initiative aims to stimulate domestic tourism and support local economies across Indonesia by making high-quality accommodation more accessible to families.

Indonesian Entrepreneurs Comment on Global Economic Turmoil, Issue Warnings

Indonesian business leaders are expressing concerns over increasing geopolitical tensions and their impact on global supply chains and commodity prices. The entrepreneurs emphasise the need for legal certainty and concrete government programmes to help businesses navigate current global uncertainties.

Jewellery Gold Deflates by 2.67 Per Cent, Pressuring May 2026 Inflation

A decline in gold prices over the last three months has begun to impact domestic inflation rates in Indonesia. According to BPS, jewellery gold was the largest contributor to deflation in May 2026, following a downward trend in global market prices.

Indonesian National Police Name 26 Suspects in Hajj Fraud Case Worth Rp 21.7 Billion

The Indonesian National Police have identified 26 suspects involved in fraudulent Hajj schemes, resulting in losses of over Rp 21.7 billion affecting 550 victims. Authorities are now seeking enhanced international coordination with Saudi Arabian officials to prevent future illegal practices.

Minister of Higher Education Reveals Four Individuals Involved in Research Fraud, All UNY Undergraduates

The Minister of Higher Education, Science, and Technology has identified four individuals who falsified research data to illicitly obtain international travel grants. While the suspects are alumni of Yogyakarta State University (UNY), the Ministry faces legal limitations in prosecuting them as they are not affiliated with any higher education institution.

Judge States Andrie Yunus Shows Lack of Good Faith in Attending Trial

The presiding judge of the military court has criticised Andrie Yunus, Vice Coordinator of KontraS, for failing to demonstrate good faith in participating in the acid attack trial. Despite provisions for remote testimony under the Witness and Victim Protection Act, the victim has reportedly declined various facilitation efforts provided by the military prosecutor.

MP Urges Local Governments to Prioritise Quality of Regional Legal Products

Member of Parliament Longki Djanggola has called on local governments to focus on the quality rather than the quantity of regional regulations. He emphasised that legal products must serve as effective instruments for development and public service rather than merely fulfilling administrative requirements.

Prabowo Visits SMPN 111 Jakarta to Monitor Free Nutritious Meal Programme

President Prabowo Subianto conducted an inspection of the Free Nutritious Meal (MBG) programme at SMPN 111 Jakarta to ensure the national priority initiative is being implemented effectively. The visit aimed to monitor the direct benefits of the programme for students and assess its impact on student welfare.

Indonesia and Qatar Sign Military Cooperation Agreement on Human Resources and Defence Industry

The Indonesian Ministry of Defence and the Qatari government have signed several agreements to strengthen military cooperation, focusing on human resources and the defence industry. This memorandum serves as a preliminary step towards a formal Defence Cooperation Agreement (DCA) between the two nations.

DSI Projected to be a Positive Catalyst for Indonesia's Economy and Capital Market

The Chairman of the Indonesian Securities Analyst Association, David Sutyanto, views the establishment of PT Danantara Sumberdaya Indonesia (DSI) as a strategic move to improve the governance of national strategic commodity exports. If implemented effectively, the initiative is expected to enhance export transparency, strengthen foreign exchange reserves, and boost investor confidence in Indonesia's trade management.

Hajj Peak Concludes, Deputy Minister Urges Officials Not to Relax Services for Pilgrims

The Deputy Minister of Hajj and Umrah, Dahnil Anzar Simanjuntak, has called on officials to maintain high service standards during the repatriation phase of Indonesian pilgrims. He emphasised that the return journey is a critical period requiring strict supervision to ensure the safety and comfort of all pilgrims.

The Man Worth Rp 3,400 Trillion Returns Home, Showcasing New Revenue Streams

Nvidia CEO Jensen Huang has returned to his native Taiwan to unveil the RTX Spark 'superchip', designed to transform laptops into powerful AI computers. The launch marks Nvidia's strategic expansion from a GPU supplier into the massive personal computer CPU market.

3,800 Schools in Sumatra Recovered and Reopened, 66 Must be Relocated from Red Zones

Following devastating floods and landslides in Sumatra, approximately 3,800 schools have been rehabilitated and returned to operation. However, 66 schools situated in high-risk 'red zones' face mandatory relocation to ensure the safety of students and staff.

BPS: Gold Jewellery Experiences Deflation for Three Consecutive Months

The Indonesian Central Statistics Agency (BPS) has reported that gold jewellery prices have declined for three consecutive months, from March to May 2026. This downward trend aligns with the recent decrease in global gold prices and has contributed to the broader deflationary trends within the personal care sector.

Malaysia imposes RM10 million fine for social media age restriction violations

The Malaysian government has officially implemented restrictions on social media use for children under 16, introducing fines of up to 10 million ringgit for non-compliant digital platforms. The policy requires age verification for users and follows a similar regulatory path previously taken by Indonesia.

Prabowo Inspects Palmerah Nutrition Fulfilment Service Unit, Touring Kitchens and Greenhouses

President Prabowo Subianto conducted an on-site inspection of the Nutrition Fulfilment Service Unit (SPPG) in Palmerah, Jakarta, to evaluate the national nutrition programme. The visit focused on assessing operational systems, food supply chains, and the integration of sustainable farming technologies.

Reading Plea, Nadiem Makarim: I am not a perfect minister

Former Minister of Education Nadiem Makarim has delivered his defence plea in a corruption trial involving the procurement of Chromebooks for educational digitalisation. He addressed the challenges of transitioning from the private sector to bureaucracy and defended the necessity of the technology programme despite allegations of state losses amounting to Rp2.18 trillion.

Cable Theft Rises in Jatinegara, Public Works Department Strengthens Surveillance

The East Jakarta Public Works Department Task Force has intensified monitoring across Jatinegara following a surge in street lighting cable thefts. The thefts have damaged public infrastructure and disrupted street lighting, posing safety risks to commuters at night.