Indonesian Political, Business & Finance News

Archive: 2 June 2026

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Prabowo and Megawati Side by Side, Hasan Nasbi: The President is Close to All Figures

President Prabowo Subianto has demonstrated a close relationship with various political leaders, including Megawati Sukarnoputri, during recent official ceremonies. Spokesperson Hasan Nasbi emphasised that while political differences exist, the President prioritises national unity and maintains open communication with all national figures.

Flight Ticket Surcharges Unchanged Despite Drop in Avtur Prices

The Indonesian Ministry of Transportation has maintained the maximum fuel surcharge for economy class airfares at 50 per cent of the upper fare limit, despite a recent decrease in aviation fuel (avtur) prices. While PT Pertamina Patra Niaga has reduced avtur prices by approximately 10 per cent, authorities are still assessing the potential impact on overall ticket prices.

Farmer Groups, Communities, and Cooperatives Drive Food Security in East Java

Various community-led initiatives in East Java, including cooperatives and organic farming communities, are successfully enhancing regional food security through sustainable practices. Supported by Bank Indonesia's agribusiness programmes, these groups are driving local economies by integrating livestock, organic waste management, and organic crop distribution to major supermarkets.

SBY Warns World is Not Doing Well, Indonesia Must Take This Approach

Former Indonesian President Susilo Bambang Yudhoyono has warned of a global landscape defined by overlapping crises, including climate change and geopolitical fragmentation. He emphasised that Indonesia must develop its own unique development strategy that balances market orientation with national interests and social responsibility.

Aston Serang Receives Three Engineering Awards

Aston Serang Hotel & Convention Center has secured three national honours at the Archipelago Awards 2026. The awards recognise excellence in auditing, workplace management, and thermal fluid systems, highlighting the hotel's commitment to operational efficiency and facility maintenance.

Bareskrim Investigates Alleged Illegal Mining in South Konawe; No Violations Found

The Criminal Investigation Agency (Bareskrim) has concluded its field investigation into allegations of illegal mining activities by PT Wijaya Inti Nusantara in South Konawe. The investigation revealed that the company's operations remain within its legal mining permit area and that disputed activities were actually community-requested infrastructure improvements.

Hackers steal Instagram accounts by exploiting Meta's AI chatbot vulnerability

Cybercriminals have successfully hijacked numerous Instagram accounts by manipulating Meta's AI-based help service, the Meta AI Support Assistant. By tricking the chatbot into adding new email addresses to target accounts, hackers were able to reset passwords and gain unauthorised access.

Indonesian Government Introduces SEZ Potential to European Regions

The Indonesian government, through the National Council for Special Economic Zones (SEZ), has conducted a series of working visits to Austria, Slovakia, and Hungary to promote investment opportunities. The mission resulted in strategic cooperation explorations and the signing of Memoranda of Understanding in green energy, digital technology, and water management sectors.

Sukoharjo Police Chief Launches Pulmonary TB Tracing Programme, Involving Community Police Officers

The Sukoharjo Police Chief has officially launched a pulmonary tuberculosis (TB) tracing programme to support Indonesia's national goal of a TB-free nation. The initiative utilises Bhabinkamtibmas (community police officers) to facilitate early detection and medical referrals across 12 districts in Sukoharjo.

KPK Re-examines Former Religious Affairs Minister Yaqut as Hajj Quota Corruption Suspect

The Corruption Eradication Commission (KPK) has conducted further questioning of former Religious Affairs Minister Yaqut Cholil Qoumas regarding the 2023-2024 Hajj quota corruption case. Investigators are currently scrutinising the roles played by various parties in the alleged mismanagement of the pilgrimage mechanism.

Hezbollah Claims Unilateral Ceasefire Will Not Hold in Lebanon

Hezbollah MP Hassan Fadlallah has stated that any unilateral ceasefire in Lebanon will be unsustainable, insisting on a comprehensive agreement covering land, air, and sea. The group demands explicit Israeli commitments to cease the destruction of homes in southern Lebanon and allow displaced citizens to return.

Get Ready, Indonesia to Introduce New B50 Biofuel Next Month!

The Indonesian Ministry of Energy and Mineral Resources has confirmed that the 50% biodiesel mandate (B50) will be implemented nationally starting 1 July 2026. This strategic move aims to reduce diesel imports, save foreign exchange reserves by up to Rp 157.28 trillion, and significantly lower greenhouse gas emissions.

Owner of Marwah Wedding Organiser Revealed to be a Repeat Offender in Fraud Case

A husband and wife duo running the Marwah Wedding Organiser have been arrested for defrauding at least 58 clients of approximately Rp 2.6 billion. Investigations revealed that the female suspect is a recidivist previously imprisoned for similar fraudulent activities in West Java.

Russian Missile and Drone Attacks Hit Ukraine, Leaving 4 Dead and Dozens Injured

A massive wave of Russian ballistic missile and drone strikes has targeted various regions across Ukraine, including Kyiv, resulting in at least four fatalities and numerous injuries. The escalation follows warnings from President Volodymyr Zelensky regarding large-scale Russian offensive preparations and comes amidst renewed calls for advanced Patriot missile systems.

South Jakarta District Court Partially Grants Andrie Yunus's Lawsuit, Orders Metro Jaya Police to Continue Acid Attack Investigation

A South Jakarta judge has partially granted a pretrial motion filed by Andrie Yunus, ordering the Metro Jaya Police to resume the investigation into a violent acid attack. The ruling aims to ensure legal certainty for the victim following claims of investigative delays.

Video: Spam and Scams Threaten the AI Era, How to Build Digital Trust?

The Indonesian government is urging mobile operators to strengthen digital infrastructure by implementing anti-scam systems and blocking fraudulent numbers. Indosat Ooredoo Hutchison (ISAT) has reported significant progress in blocking millions of spam calls and SMS messages to bolster consumer confidence in the digital economy.

Latest MSME Income Tax Rules: Influencers and Artists Can No Longer Use 0.5% Rate

The Directorate General of Taxes has clarified that professionals such as influencers and artists are no longer eligible for the 0.5% final income tax rate reserved for MSMEs. These individuals must now utilise general taxation schemes, such as the Norm for Net Income calculation or the standard progressive tax rate based on net profit.

Nadiem Makarim's Plea Hearing Interrupted by Power Outage

The plea hearing for former Minister of Education, Nadiem Makarim, was briefly disrupted by a power outage at the Jakarta Corruption Court. Despite recovering from his fifth surgery, Makarim proceeded to present his defence personally during the session.

Minister of Higher Education Promises Legal Action Over Alleged Research Falsification at Global Conference

The Indonesian Minister of Higher Education, Brian, has announced the formation of a special task force to investigate allegations of identity and research falsification during an international symposium in Denmark. The ministry is coordinating with universities to identify perpetrators and pursue legal action to protect the international reputation of Indonesian researchers.

Lenteng Agung Route Towards Depok Closed, Transjakarta UI Routes Altered

Road closures on Jalan Raya Lenteng Agung towards Depok have necessitated changes to Transjakarta bus routes. The disruption is due to ongoing repairs on a subsided road section near the SMAN 109 bus stop.

Demand for used electric cars surges in Germany in 2026

The demand for second-hand electric vehicles in Germany has seen a significant spike in early 2026, driven by rising fuel prices linked to Middle East tensions. Data indicates that sales of used EVs nearly doubled compared to the same period in 2025.

LippoLand Receives TOP CSR Awards 2026 for Sustainability Initiatives

LippoLand has been honoured with the TOP CSR Awards 2026 in the Corporate Level โ€“ Star 3 category for its 'Lippo Untuk Indonesia Pasti' programme. The company's sustainability framework has successfully reached over 192,000 beneficiaries across Indonesia through initiatives in education, health, and community empowerment.

Indonesia's Trade Balance Records US$ 90 Million Surplus in April 2026

Indonesia's trade balance recorded a surplus of US$ 90 million in April 2026, marking the 72nd consecutive month of surplus since May 2020. However, this figure represents a significant decrease compared to the US$ 3.32 billion surplus recorded in March 2026.

Minister of Higher Education, Science and Technology Confirms Closure of 122 Study Programmes in Various Universities, Provides Explanation

The Minister of Higher Education, Science and Technology, Brian Yuliarto, has clarified that the closure of 122 study programmes in 2026 was initiated by the universities themselves rather than by government mandate. The Minister emphasised that these changes are intended to modernise curricula, such as transitioning electrical engineering into AI and robotics, to better align with industrial demands.

Street Light Cable Thief Apprehended After Caught in the Act in East Jakarta

A suspect was arrested by public works officials and local police after attempting to steal street lighting cables in Jatinegara, East Jakarta. This incident is part of a series of thefts that have caused street lighting failures across the region.

Former HGU Land in Agam Projected for Soybean Programme

The Agam Regency government is discussing plans to utilise former PT Inang Sari land cultivation rights (HGU) for a soybean planting programme. The initiative, supported by the Navy's Regional Command II Padang, aims to bolster national food security and boost local farmer productivity.

Komnas Urges Implementation of Pancasila in Protecting Women's Rights

The National Commission on Violence Against Women (Komnas Perempuan) has called for the integration of Pancasila values into state efforts to protect women's human rights. The commission highlighted a concerning rise in gender-based violence, noting a 14.07 per cent increase in reported cases.

CGN Open Day Goes Global: Five Countries, One Green Future

China General Nuclear Power Corporation (CGN) has conducted a global 'Open Day' initiative across France, Namibia, Malaysia, Laos, and Brazil to showcase its renewable energy projects. The programme highlights the company's international footprint in wind, solar, and gas-fired power, emphasising its commitment to sustainable development and community engagement.

Rise in Street Robberies Erodes Livelihoods of Traders in BKT Rorotan-Cakung

An increase in street robbery incidents along the BKT Rorotan-Cakung route is causing significant economic hardship for local small-scale traders. The heightened crime rate has deterred commuters and tourists, leading to a sharp decline in daily sales for vendors in the area.

BPS: Indonesia experiences 3.08 per cent annual inflation in May 2026

The Indonesian Central Statistics Agency (BPS) has reported a year-on-year inflation rate of 3.08 per cent for May 2026. The Consumer Price Index saw a slight increase from April, reflecting ongoing shifts in the national economy.

Prabowo's Frequent Overseas Trips Drive Investment, Claims Cabinet Secretary Teddy

Cabinet Secretary Teddy Indra Wijaya has defended President Prabowo Subianto's frequent international visits, citing Rp 2,430 trillion in foreign investment inflows. The clarification follows criticism regarding the high costs of presidential travel and its perceived lack of domestic focus.

Fire Services: 620 People Left Homeless Following Kemayoran Blaze

A major fire in the Kemayoran district of Central Jakarta has left 620 residents from 330 households homeless. Emergency services faced significant challenges in containing the blaze due to narrow access routes and large crowds of onlookers.

SDN 2 Tihingan Student Achieves Perfect Score in Indonesian Language Academic Test

A primary school student in Klungkung, Bali, has achieved a perfect score of 100 in the Indonesian Language Academic Ability Test (TKA). Her achievement comes amidst ongoing discussions regarding the proposed merger of SDN 2 Tihingan with another school due to declining student numbers.

KPK Schedules Questioning of Fuad Hasan Masyhur and Yaqut Cholil Qoumas

The Corruption Eradication Commission (KPK) has scheduled examinations for the President Director of PT Maktour, Fuad Hasan Masyhur, and former Minister of Religious Affairs, Yaqut Cholil Qoumas. The proceedings are part of the ongoing investigation into alleged corruption regarding the Indonesian Hajj quota, which involves estimated state losses of Rp622 billion.

DPR: Strengthening Export Governance to Bolster Foreign Exchange Reserves and Prevent Market Distortion

The Chairman of Commission XI of the Indonesian House of Representatives, Mukhamad Misbakhun, emphasises the importance of reforming natural resource exports to prevent practices such as under-invoicing and transfer pricing. This strategic intervention aims to strengthen Indonesia's foreign exchange reserves and ensure the stability of the Rupiah amidst global economic pressures.

Indonesian Shipping Bosses Alarmed by Rising Dollar Exchange Rate

The Indonesian shipping industry is facing significant operational challenges due to global geopolitical uncertainty and the weakening Rupiah. Industry leaders warn that rising fuel prices and US Dollar-denominated costs for spare parts and insurance could threaten the stability of national logistics.

Curry chooses Li-Ning after leaving Under Armour

NBA superstar Stephen Curry has signed a long-term, 10-year partnership with Chinese sportswear brand Li-Ning to expand his Curry Brand globally. The deal includes the development of various product lines, ranging from basketball gear to golf equipment, and a strategic expansion into US and Chinese markets.

National Holiday After Pancasila Day: When is the Next Long Weekend?

Following the Pancasila Day holiday, another national holiday is scheduled for 16 June 2026 to mark the Islamic New Year. This presents an opportunity for another long weekend, provided citizens utilise their annual leave for the intervening Monday.

BRIN Apologises for Incorrect Garuda Image Upload; What are the Correct Regulations?

The National Research and Innovation Agency (BRIN) has issued a formal apology after posting an inaccurate depiction of the Garuda Pancasila on social media. The error, which involved incorrect feather counts in an AI-generated design, has prompted a reminder of the legal standards governing Indonesia's national emblem.

Silicon Quantum Computing Leads Global Race for Commercial-Scale Quantum Computers

Sydney-based deep-tech firm Silicon Quantum Computing (SQC) is spearheading the development of commercial-scale quantum computers using atomic-level precision. Leveraging AMD infrastructure, the company aims to revolutionise industries from telecommunications to defence by 2033.

First East Java Hajj Group Arrives in Indonesia, Performing Prostration in Gratitude on Airport Tarmac

The first group of East Javanese pilgrims for the 1447 H/2026 Hajj season has safely landed at Juanda International Airport, Surabaya. The arrival of the 378 pilgrims, travelling from Malang, Surabaya, and Probolinggo, was marked by emotional moments of gratitude as they returned to the homeland.

Nvidia Releases DGX Station Supercomputer for Windows, Capable of Running AI Without a Data Centre

Nvidia has unveiled the DGX Station for Windows, a compact AI supercomputer designed to run large-scale AI models locally on a desktop. The device aims to bridge the gap for enterprises needing advanced AI infrastructure that integrates directly into Windows-based business workflows.

Indonesian Exports Reach US$ 25.30 Billion in April 2026, Growing by 21.98%

Indonesia's export value surged to US$ 25.30 billion in April 2026, marking a significant year-on-year increase of 21.98%. While oil and gas exports saw a slight decline, the non-oil and gas sector drove the growth, particularly through the manufacturing industry.

From WBSA to TCPI: Latest List of High Shareholding Concentration Stocks Released

The Indonesia Stock Exchange (IDX) has updated its list of stocks exhibiting High Shareholding Concentration (HSC), including WBSA, TCPI, and MGRO. This designation highlights stocks where a small group of shareholders holds a vast majority of the total shares, a metric crucial for investor monitoring.

Global Oil Prices Remain High as Markets Await Certainty in US-Iran Negotiations

Global oil prices remain elevated as market participants await clarity regarding ongoing negotiations between the United States and Iran. Uncertainty surrounding the future of the strategic Strait of Hormuz shipping route continues to drive volatility in Brent and WTI crude benchmarks.

Expert Urges Police Bill to Limit Active Officers in Civilian Roles

Criminal law expert Maradona has called for strict limitations on the placement of active Indonesian National Police members in civilian positions within the proposed Police Bill revision. He argues that such placements should be restricted to specific roles directly related to policing functions to maintain political neutrality and bureaucratic meritocracy.

ATxEnterprise 2026 Signals Southeast Asia's Shift from AI Experimentation to Enterprise Deployment

The ATxEnterprise 2026 event highlighted a significant regional transition towards integrating AI into long-term business strategies across various sectors, including logistics and finance. Notably, the event featured representatives from Indonesia's Coordinating Ministry for Economic Affairs, underscoring the importance of regional cooperation in digital transformation and sovereign AI adoption.

Indonesian Embassy in Phnom Penh: Requests for Assistance from Online Scam Victims Increasing

The Indonesian Embassy in Phnom Penh reports a significant surge in Indonesian citizens seeking repatriation assistance following involvement in online scam networks. The number of cases has more than doubled compared to the previous year, prompting calls for those with completed documentation to return home immediately.

Fire Behind Jiung Kemayoran Market, Jakarta BPBD: 620 People and 304 Buildings Affected

A major fire broke out in the residential area behind the Jiung Kemayoran Night Market in Central Jakarta, affecting approximately 620 residents. The Jakarta Disaster Management Agency (BPBD) has deployed emergency tents, food supplies, and essential kits to support the displaced families.

The Importance of JKN for a Peaceful Hajj Pilgrimage

A prospective Hajj pilgrim from Tuban emphasises the necessity of maintaining active National Health Insurance (JKN) membership to ensure medical security during and after the pilgrimage. She highlights that JKN provides essential financial protection for both pilgrims and their families, fostering a spirit of mutual cooperation through monthly contributions.