Indonesian Political, Business & Finance News

Archive: 2 June 2026

Showing 1,201-1,250 of 1,852 articles

Judge Postpones First Hearing of MPR Quiz Competition Lawsuit: What is Happening?

The initial hearing regarding the lawsuit over the 2026 MPR RI Four Pillars Quiz Competition in West Kalimantan has been postponed to 9 June 2026. The delay was necessitated by the defendants' need to complete their legal standing documentation.

Economic value of Jamu reaches Rp1.2 trillion, BPOM pushes for herbal innovation

The Indonesian Food and Drug Authority (BPOM) has highlighted that the domestic economic value of Jamu products has reached Rp1.2 trillion annually. The agency is calling for increased research and development to transform traditional herbal medicine into standardised herbal medicines and phytopharmaceuticals to tap into the Rp350 trillion global wellness market.

Minister of Higher Education, Science, and Technology States 122 Study Programmes Closed This Year

The Minister of Higher Education, Science, and Technology, Brian Yuliarto, has announced the closure of 122 university study programmes throughout the year. These closures were initiated by the universities themselves to better align curricula with industrial demands and address declining student numbers.

IDX Closes Session I (2/6) Up 1.49 Per Cent, Prajogo Pangestu's Stocks Surge Drastically

The Indonesia Stock Exchange (IDX) closed the first trading session on Tuesday with a 1.49 per cent gain, reaching the 6,219 level. The surge was primarily driven by significant jumps in energy and basic materials stocks, including major holdings linked to Prajogo Pangestu.

National Nutrition Agency Admits Struggling to Meet Milk Demand for Free Nutritious Meal Programme Amid Low Local Production

The National Nutrition Agency (BGN) has acknowledged difficulties in securing sufficient milk supplies to support the expanding Free Nutritious Meal (MBG) programme. As the number of nutrition service units grows, the agency is calling for the acceleration of dairy farming development to meet the surging demand.

Iran Warns Israel Against Further Attacks on Lebanon: Patience Has Limits!

Iran's military command has issued a stern warning to Israel, stating that any further attacks on Beirut could force the evacuation of northern Israeli populations. The escalation threatens the fragile ceasefire between Iran and the United States, as Tehran maintains that violations on any front constitute a breach of the entire agreement.

KPK Summons Director General of Forestry and Deputy Director General of Mineral and Coal Resources

The Corruption Eradication Commission (KPK) has summoned high-ranking officials from the Ministry of Forestry and the Ministry of Energy and Mineral Resources as witnesses. The investigation pertains to alleged gratifications involving coal production metrics in Kutai Kartanegara, East Kalimantan.

Indonesia's Trade Surplus Sustained for 72 Months, Driven by Industrial Exports

Indonesia has maintained a trade surplus for 72 consecutive months, reaching a cumulative total of $5.64 billion between January and April 2026. The manufacturing sector remains the primary driver of this growth, particularly through strong export performance to China, the United States, and India.

Amid Global Uncertainty, Iwan Sunito Urges Indonesian Investors to Look Towards Australia

One Global Capital has announced the '2026 World Roadshow' to highlight investment, property, and business opportunities in Australia for Indonesian investors. The initiative aims to provide insights into Australia's economic stability and legal certainty amidst current global economic volatility.

Mataram Man Arrested After Breaking Into and Looting Car Workshop

A 34-year-old man has been apprehended by police following a burglary at a car workshop in the Udayana area of Mataram. The suspect allegedly stole various tools, causing losses of approximately Rp 5 million to the workshop owner.

Hanania Travel Agents Report to Metro Jaya Police, Claiming Losses of Tens of Billions of Rupiah

Approximately 85 agents of Hanania Travel have filed a report with the Metro Jaya Police regarding alleged fraud, claiming losses of up to Rp 20 billion. The total financial impact, including funds from 1,000 pilgrims, is estimated to reach Rp 51 billion.

BPS: May 2026 Inflation Stands at 3.08 Per Cent

Indonesia's inflation rate rose to 3.08 per cent year-on-year in May 2026, driven primarily by rising food prices and fuel costs. The monthly inflation rate also saw an increase to 0.28 per cent, up from 0.13 per cent in April.

National Nutrition Agency Strengthens Data Validation for Free Nutritious Meal Programme, Involving Multiple Ministries and School Principals

The National Nutrition Agency (BGN) is intensifying data validation efforts to ensure the Free Nutritious Meal (MBG) programme reaches its intended recipients accurately. The initiative involves cross-ministerial coordination and direct verification from the grassroots level, including school principals and local officials.

Wedding Organizer Owner Plays Victim When Asked to Take Responsibility

The owners of a Jakarta Timur-based wedding organiser have been arrested following a fraud scheme that defrauded 58 couples of approximately Rp 2.6 billion. During a confrontation organised by the East Jakarta Metro Police, the female suspect reportedly attempted to elicit sympathy rather than addressing the financial losses of the victims.

Looking for a Campus in South Tangerang? Universitas Pembangunan Jaya Bintaro Open House Offers Consultations with Lecturers and Study Programme Exploration

Universitas Pembangunan Jaya (UPJ) has announced its 2026 Open House event in Bintaro, South Tangerang, aimed at prospective students and parents. The event provides opportunities to consult with lecturers, explore various industry-linked study programmes, and access tuition fee discounts.

Minister of Higher Education States PTN and PTS to Rename 122 Study Programmes Throughout 2026

The Minister of Higher Education, Brian, clarified during a parliamentary meeting that the closure of 122 study programmes in 2026 is actually a rebranding initiative. These changes are driven by proposals from universities to align curricula with industrial demands, such as transitioning mathematics to actuarial science.

Construction of Abrasion Prevention Embankment on Payung Island Reaches 80 Percent

The Thousand Islands Water Resources Agency has announced that the construction of a massive cube embankment on the southern side of Payung Island is 80% complete. The project, which aims to prevent coastal erosion caused by sea waves, is expected to be finished by the end of June.

NASA prepares lunar nuclear power plant to support future missions

NASA is planning the development of nuclear reactors on the Moon to ensure a reliable electricity supply for long-term lunar missions. The initiative aims to overcome the limitations of solar energy in shadowed lunar regions, supporting sustainable human presence.

SPPG Supply Chain: Metro Jaya Regional Police Release Thousands of Milkfish and Shrimp Seedlings in Bekasi

The Water Police Directorate of the Metro Jaya Regional Police has released 15,000 milkfish and 150,000 vaname shrimp seedlings into community ponds in Muaragembong. This initiative aims to support the government's national food security programme and boost the economic welfare of coastal farming communities.

PLN and Environmental Community Clean Up Beaches in Makassar

PT PLN (Persero) has partnered with the Beach Clean Up Makassar community to conduct a coastal cleaning initiative at Pantai Biru, Makassar. The event, held to commemorate International Biodiversity Day, aims to address the threat of plastic waste to marine ecosystems through ESG-driven sustainability efforts.

Indonesia, Qatar deepen security ties amid global tensions

Indonesian Defence Minister Sjafrie Sjamsoeddin and Qatari Deputy Prime Minister Sheikh Saoud bin Abdulrahman Al-Thani held bilateral talks to expand military cooperation and address geopolitical tensions. The meeting follows a high-level discussion between President Prabowo Subianto and the Qatari official regarding a strategic memorandum of understanding signed earlier this year.

Samsung Smartphone Price Update 2 June 2026, Cheapest Starting from Rp 1 Million

Samsung smartphone prices in Indonesia remain stable as of 2 June 2026, with no recent price adjustments reported. The current market offerings range from entry-level models starting at approximately Rp 1 million to premium flagship devices priced up to Rp 30 million.

US Exempt from Natural Resource Export Revenue Policy, Says Purbaya

Finance Minister Purbaya Yudhi Sadewa has confirmed that the United States is currently the only nation clearly identified for exemption from the Natural Resource Export Revenue (DHE SDA) placement policy. The government is still drafting technical regulations to determine if other countries will receive similar treatment.

Former KPU Chair: Open Proportional System Leaves Five Electoral Injustices

Former General Elections Commission (KPU) Chairman Ramlan Somal has identified five key injustices within Indonesia's open proportional electoral system during a parliamentary hearing. He highlighted issues ranging from seat malapportionment and campaign finance loopholes to the misuse of state facilities by incumbents.

5 Middle-Class Spending Habits That the Wealthy Avoid

Drawing on principles from legendary investor Warren Buffett, this article examines common financial pitfalls that prevent middle-class individuals from building long-term wealth. It highlights how consumer debt, trend-chasing, and excessive subscriptions can hinder financial growth compared to the investment-focused strategies of the wealthy.

Saving Tips After the 2026 Long Weekend: 10 Effective Ways to Recover Your Finances

Following the extensive long weekend in May and June 2026, many individuals face budget deficits due to unplanned holiday spending. This guide provides ten practical strategies, ranging from expense evaluation to debt management, to help restore financial stability before the next payday.

Challenging Falcon 9: China Secretly Launches Long March 12B Rocket

China has successfully conducted the maiden launch of its new Long March 12B rocket, aimed at competing with SpaceX's Falcon 9. The launch, which occurred without standard international airspace or maritime warnings, carried satellites for the Qianfan broadband internet constellation.

620 People Lose Homes Following Kemayoran Fire

A major fire in the Kemayoran district of Central Jakarta has left 620 individuals from 330 families homeless. Emergency services struggled to contain the blaze due to narrow access routes and large crowds of onlookers.

Gerindra Praises Megawati's Statesmanlike Attitude Despite PDI-P Being Outside Government

Gerindra Party Deputy Chairman Habiburokhman has commended Megawati Soekarnoputri for her statesmanlike conduct and respect for President Prabowo Subianto. The praise follows recent public displays of camaraderie between the two political leaders during official state ceremonies.

Batang Industropolis SEZ attracts interest from Hungarian investors

The Batang Industropolis Special Economic Zone (SEZ) has secured two Memorandums of Understanding with Hungarian firms focusing on green energy and sustainability. The development highlights growing international confidence in the region, which has seen significant land sales and a total investment of US$1.3 billion.

Ministry of Agriculture: Indonesia Needs 1.4 Million Dairy Cows to Achieve Milk Self-Sufficiency

The Indonesian Ministry of Agriculture has stated that an additional 1.4 million dairy cows are required to reach national milk self-sufficiency. This initiative is driven by the government's Free Nutritious Meal programme, which aims to reduce the country's heavy reliance on milk imports.

Pancasila in the Age of Algorithms

This article explores the challenges of maintaining national unity and the values of Pancasila within Indonesia's increasingly polarised digital ecosystem. It argues that universities must evolve Pancasila education from mere academic memorisation into practical digital literacy and public ethics to combat algorithmic echo chambers.

Minister for Higher Education, Science, and Technology Assures Study Programmes Will Be Developed Rather Than Closed

The Minister for Higher Education, Science, and Technology, Brian Yuliarto, has clarified that the government intends to modernise existing study programmes rather than shut down those deemed irrelevant. The initiative focuses on updating curricula to align with industrial needs, such as integrating artificial intelligence into electrical engineering.

Dompu Residents Block Road to Demand Formation of Sumbawa Island Province

Protesters from the Sumbawa Island Province Expansion Alliance (APPS) blocked a major national road in Dompu, West Nusa Tenggara, to demand the creation of a new province. The group is urging President Prabowo Subianto to approve the expansion to separate the Sumbawa region from West Nusa Tenggara.

Creative Economy Ministry Seeks to Leverage Vesak Values to Strengthen Culture-Based Creative Ecosystem

The Minister of Creative Economy, Teuku Riefky Harsya, has identified the 2026 Vesak celebrations as a pivotal opportunity to bolster Indonesia's culture-based creative economy and spiritual tourism. The initiative aims to utilise religious traditions to drive economic impact, innovation, and international cultural diplomacy.

Indonesia's Trade Surplus Shrinks to US$90 Million, Here is Why

Indonesia's trade surplus saw a significant decline to US$90 million in April 2026, down from US$3.32 billion in March. This contraction was driven by a sharp rise in imports, which grew by over 22%, outpacing the growth of exports.

Update on Lenteng Agung Road Repairs: Partially Reopened

The reopening of the subsided section of Jalan Raya Lenteng Agung towards Depok has been delayed due to unforeseen technical issues. While one side of the road is now accessible, authorities are working to complete the remaining repairs to restore normal traffic flow.

Minister of Higher Education, Science and Technology Denies Plans to Close Study Programmes Unaligned with Industry Needs

The Minister of Higher Education, Science and Technology, Brian Yuliarto, has clarified that the government has no policy to shut down academic programmes based on industry demand. While 122 programmes were closed in 2026, the Minister emphasised that these closures were initiated by universities due to declining student numbers or strategic restructuring.

Ministry of Primary and Secondary Education: Early Childhood Education Participation Rate Rises to 88 Per Cent

The Indonesian Ministry of Primary and Secondary Education has reported a significant increase in the school participation rate for early childhood education, rising to 88.38 per cent in 146 districts and cities. This progress is part of a strategic initiative to implement a 13-year compulsory education programme, which includes one year of pre-schooling.

Video: IDX Composite Still Shadowed by Uncertainty, Which Stocks to Watch?

FX Analyst Elvan Chandra highlights several key sentiments currently influencing the Indonesian financial markets, including MSCI index concerns. The analysis also explores how Middle East tensions, central bank interest rate hikes, and government fiscal policies are impacting the Rupiah.

85 Hanania Group Partners Report Alleged Umrah Fraud to Polda Metro Jaya

Eighty-five partners of the Hanania Group (PT Hazanah Tama) have filed a report with the Jakarta Metropolitan Regional Police regarding alleged fraud involving failed Umrah departures. The partners, who act as intermediaries, claim to have suffered operational losses ranging from Rp15 billion to Rp20 billion.

KPK Announces Identities of Suspects in Lamongan Regency Office Corruption Case

The Corruption Eradication Commission (KPK) has revealed the identities of four suspects involved in the corruption of the Lamongan Regency Office construction project. The estimated state losses for the 2017โ€“2019 project are approximately Rp151 billion.

Cabinet Secretary Teddy Responds to Criticism of Prabowo's Foreign Visits, Reveals Rp2,430 Trillion Investment Inflow

Cabinet Secretary Teddy Indra Wijaya has defended President Prabowo Subianto's frequent international trips, asserting they are strategic diplomatic moves rather than mere formalities. He highlighted that these efforts have contributed to a significant foreign investment inflow of approximately Rp2,430 trillion, according to BKPM data.

Workers advised to take time out to avoid burnout

A psychiatrist from RSCM warns employees about the risks of burnout caused by disproportionate workloads and 'hustle culture'. He suggests that seeking emotional support from loved ones or professional help can be vital in managing work-related exhaustion.

Prabowo Drives Rp2,430 Trillion Investment Through Economic Diplomacy

Cabinet Secretary Teddy Indra Wijaya has revealed that President Prabowo Subianto's international diplomatic visits have secured Rp2,43able0 trillion in foreign investment. The administration defends the high frequency of overseas trips as a strategic economic tool that yields significant returns compared to the associated logistical costs.

Indonesia Records Trade Surplus for 72 Consecutive Months

Indonesia's trade balance maintained a surplus in April 2026, marking 72 months of continuous positive performance since May 2020. The cumulative surplus for the period of January to April 2026 reached US$5.64 billion, driven primarily by strong non-oil and gas exports.

Brazil's Rare Earth Minerals Threaten China's Dominance

Brazil is emerging as a significant global competitor in the rare earth minerals market, potentially challenging China's current monopoly. With massive ionic clay deposits and increasing international investment, the nation is poised to become a vital player in the global supply chain for green technologies.

Ministry of Primary and Secondary Education to Revitalise 3,865 Early Childhood Schools to Support 13-Year Compulsory Education

The Indonesian Ministry of Primary and Secondary Education aims to revitalise 3,865 early childhood education (PAUD) schools by 2026 to facilitate the 13-year compulsory education programme. The initiative includes significant budget allocations and academic qualification assistance for thousands of teachers to strengthen the national education foundation.

Frequently Used Kitchen Sponges Found to be a Source of Microplastic Pollution in Homes

A recent study led by researchers at the University of Bonn reveals that kitchen sponges release measurable amounts of microplastics into the environment during daily use. While the microplastic emissions are significant when scaled nationally, the study highlights that water consumption remains the primary environmental impact of manual dishwashing.

Jakarta Disaster Management Agency Distributes Logistics to Kemayoran Fire Victims

The Jakarta Regional Disaster Management Agency (BPBD) has deployed essential supplies and personnel to assist 620 residents displaced by a major fire in Kemayoran, Central Jakarta. The aid includes clothing, bedding, food, and the establishment of temporary shelters for the affected families.