Indonesian Political, Business & Finance News

Archive: 2 June 2026

Showing 1,451-1,500 of 1,852 articles

Bulog strengthens PT GMM factory role to optimise sugarcane absorption for Blora farmers

Perum Bulog is implementing strategic measures to bolster the operations of PT Gendhis Multi Manis (GMM) to ensure the optimal absorption of sugarcane from farmers in Blora, Central Java. The initiative includes proposed management changes and machinery upgrades to restore factory reliability and maintain the national sugar industry's ecosystem.

Video: The Fate of the IDX Composite and Rupiah in Early June 2026 Amid MSCI Issues

FX Analyst Elvan Chandra highlights several key sentiments impacting the Indonesian financial markets, including concerns regarding the MSCI index. Additionally, geopolitical tensions in the Middle East and domestic fiscal policies are expected to influence the Rupiah's exchange rate.

Apple Releases iOS 26.5.1 to Fix Charging Issues on iPhone Air and iPhone 17

Apple has launched the iOS 26.5.1 update specifically to address a bug that prevents iPhone Air and iPhone 17 users from charging their devices when the battery is critically low. The update also includes a macOS 26.5.1 patch to prevent sudden shutdowns on M5-based Mac computers.

Three Stocks Enter UMA Radar: Here is the List

The Indonesia Stock Exchange (IDX) has placed three companies—SFAN, SATU, and GULA—under Unusual Market Activity (UMA) monitoring due to irregular price movements. The exchange is closely observing transaction patterns to protect investors from potential market volatility.

Nadiem Makarim Moved by Support from Hundreds of Ride-Hailing Drivers Ahead of Plea Hearing

Former Minister of Education, Nadiem Makarim, expressed deep emotion following the arrival of hundreds of online motorcycle taxi drivers at the Jakarta Corruption Court. The drivers gathered both outside and within the courtroom to demonstrate solidarity ahead of his defence statement.

Exploring Opportunities for Indonesia to Diversify Investment Partners During President Prabowo's Visit to France

President Prabowo Subianto's recent state visit to France has secured new investment agreements worth US$3.5 billion, focusing on energy security, trade, and defence. This diplomatic push aims to diversify Indonesia's investment portfolio beyond traditional partners like Singapore and China by strengthening ties with European nations.

Weaving Hope for NTT Women Through Traditional Textiles

Stephanie Octorina Saing has transformed her passion for traditional Indonesian textiles into Tinung Rambu, a business dedicated to empowering female weavers in East Nusa Tenggara (NTT). Supported by financing from Bank Rakyat Indonesia (BRI), the enterprise focuses on modernising designs and expanding market reach to ensure sustainable livelihoods for local artisans.

Bandung Mayor Requests Provincial Government to Declare Waste Emergency Following Long Holiday

The Mayor of Bandung has formally requested the West Java Provincial Government to declare the city a waste emergency area due to a significant surge in refuse following the long holiday period. Current data indicates that between 1,609 and 2,800 tonnes of waste remain accumulated across several disposal sites in the city.

The Grand Ambition of Electric Vehicles: More Than Just Replacing Petrol Cars

The Indonesian Electric Vehicle Industry Association (Periklindo) asserts that the transition to electric vehicles is a strategic move to bolster national energy security. By reducing reliance on fossil fuels, the shift aims to mitigate the impact of global volatility on fuel supplies and prices.

Accelerating Banking Ecosystem Transformation, BTN Strengthens CASA and Transaction Revenue

PT Bank Tabungan Negara (Persero) Tbk (BTN) is accelerating its business transformation by strengthening its banking ecosystem to boost low-cost funds (CASA) and fee-based income. The bank has successfully recorded an 8.20% year-on-year growth in CASA, reaching Rp216.02 trillion as of April 2026.

Free Priority Pass at Tokyo Disney Resort to End on 31 August

Tokyo Disney Resort operator, Oriental Land Co., has announced that the free priority pass service will conclude at the end of August. Visitors seeking priority access to attractions and shows will subsequently need to utilise the paid Disney Premier Access service.

Ahead of Plea, Nadiem Admits He is Still Undergoing Health Recovery

Former Minister of Education, Nadiem Makarim, has stated that he is currently recovering from an illness as he prepares for his plea in the Jakarta Corruption Court. Despite his health condition, Nadiem intends to attend the proceedings and maintains that the prosecution's allegations against him are entirely unproven.

“Corridor Gate” Introduced: Jakarta and Surabaya Hajj Pilgrims to Bypass Immigration Queues

The Directorate General of Immigration has implemented a 'corridor gate' system to streamline the arrival of Indonesian Hajj pilgrims. This initiative allows pilgrims arriving in Jakarta and Surabaya to bypass conventional immigration procedures, significantly reducing waiting times at airports.

Prices of Bird's Eye Chilli and Chicken Eggs Surge Today

Recent data from the National Strategic Food Price Information Centre (PIHPS) indicates a significant price increase for several key commodities, notably bird's eye chilli and chicken eggs. These fluctuations in essential food prices are being closely monitored as they impact consumer stability and national food security.

Officially Issued! The Full Details of Indonesia's Newest Oil Import Regulations

President Prabowo Subianto has enacted Presidential Regulation Number 26 of 2026 to strengthen national energy security through regulated procurement of petroleum, fuel, and LPG. The new policy provides a legal framework for energy-sector Public Service Agencies (BLU) and State-Owned Enterprises (BUMN) to conduct imports via various international cooperation channels.

Minister of Transmigration Asserts Recruitment for 2026 Patriot Expedition Team Must Be Transparent

The Minister of Transmigration, Iftitah, has emphasised the need for transparency and integrity in the selection process for the 2026 Patriot Expedition Team. With over 10,000 applicants competing for limited slots, the Minister stressed that selection must be based on merit rather than personal connections.

Antam Gold Price Drops by Rp 25,000 per Gram

The price of Antam gold has declined by Rp 25,000 per gram to reach Rp 2,774,000 per gram as of 2 June 2026. This downward trend follows global gold price fluctuations driven by geopolitical tensions between the US and Iran and expectations regarding US Federal Reserve interest rate hikes.

EU Considers Sanctions Against Israeli Officials Over GSF Incident

The European Union is weighing the imposition of sanctions against senior Israeli officials following the detention of Global Sumud Flotilla (GSF) activists. The proposed measures aim to address alleged human rights violations and the mistreatment of humanitarian aid workers intercepted in international waters.

Ministry of Social Affairs facilitates free cataract surgery for hundreds of elderly in NTT

The Indonesian Ministry of Social Affairs has organised free cataract surgery operations for hundreds of elderly and vulnerable citizens in East Nusa Tenggara (NTT). The initiative, held in conjunction with National Elderly Day, aims to improve healthcare access and promote independence among the elderly population.

President Prabowo Engages in Active Diplomacy Amid Global Crisis, Teddy: International Relations Cannot Be Built Overnight

Cabinet Secretary Teddy Indra Wijaya has defended President Prabowo Subianto's frequent international visits as essential for safeguarding Indonesia's interests during global geopolitical instability. The clarification comes in response to criticisms regarding the frequency and transparency of the President's overseas diplomatic agenda.

Antam Gold Price Drops by Rp25,000, Now at Rp2.774 Million per Gram

The price of Antam gold bars has experienced a decline, falling by Rp25,000 per gram to reach Rp2,774,000. This price adjustment also affects the buyback rate, which has decreased to Rp2,584,000 per gram.

Ahead of Plea, Nadiem Asserts No Violations or State Losses in Chromebook Case

Former Minister of Education Nadiem Anwar Makarim has maintained that there were no procedural violations or state losses regarding the Chromebook procurement programme. This statement comes as he prepares for his plea hearing following heavy sentencing demands from prosecutors.

Windows Apple-Killer Laptop Emerges, Cheaper Than MacBook Neo

Dell has slashed the price of its premium Windows laptop, the XPS 13, to compete directly with Apple's latest offerings. The new pricing strategy aims to capture market share from MacBook users by offering high-end specifications at a significantly more affordable entry point.

Why Many Public Schools Are Not Implementing 'Tile-fication'?

The Directorate General of Strategic Infrastructure has clarified why many government-built public schools utilise lightweight roofing materials like zinc and spandek instead of clay tiles. The decision is driven by technical necessity, structural safety in earthquake-prone areas, and the need for rapid construction.

Deputy Chief of Indonesian National Police Meets Saudi Security Authorities to Discuss Protection of Indonesian Hajj Pilgrims

The Deputy Chief of the Indonesian National Police met with Saudi Arabian security officials in Jeddah to strengthen cooperation regarding the safety of Indonesian Hajj pilgrims. The discussions focused on enhancing communication, information exchange, and the use of technology to ensure the security and welfare of pilgrims during the pilgrimage.

KuCoin Web3 Wallet Expands into Crypto + TradFi Perpetual Contracts Market Following HIP-3 Integration

KuCoin Web3 Wallet has announced its expansion into the Crypto + TradFi perpetual contracts market through integration with the Hyperliquid Improvement Proposal 3 (HIP-3). This update allows users to trade a diverse range of instruments, including crypto assets, stocks, commodities, and indices, all within a single non-custodial mobile interface.

Malaysia's social media account ban for under-16s kicks in on Jun 1, but questions remain

Malaysia has officially begun enforcing new regulations that prohibit children under the age of 16 from maintaining social media accounts. While the Malaysian Communications and Multimedia Commission aims to protect youths from harmful content, critics have raised significant concerns regarding data privacy and the potential for increased state surveillance.

Yogyakarta Customs Ensures Smooth Customs Clearance for Hajj Pilgrims at Airport

The Yogyakarta Customs Office has confirmed that customs services for returning Hajj pilgrims at Yogyakarta International Airport are proceeding efficiently and in compliance with regulations. Officials have deployed personnel to ensure rapid processing while maintaining strict oversight to prevent the entry of prohibited goods.

Before Delivering Plea, Nadiem: This Case Concerns the Future of Justice in Indonesia

Former Minister of Education Nadiem Makarim has stated that his corruption trial regarding Chromebook procurement is a litmus test for the Indonesian justice system. He delivered these remarks ahead of his defence statement in the Jakarta Central Corruption Court, facing a prison sentence of 18 years.

South Jakarta Transport Agency Enforces 1,337 Traffic Violations up to May 2026

The South Jakarta Transportation Sub-Agency has recorded 1,337 enforcement actions against traffic violations between January and May 2026. The operations targeted illegal parking, public transport irregularities, and various vehicle infractions to improve road discipline.

Mount Lewotobi in NTT Erupts, Spewing Volcanic Ash 1 KM High

Mount Lewotobi Laki-laki in East Flores, East Nusa Tenggara, experienced an eruption on Tuesday morning, sending a volcanic ash column 1 kilometre above its peak. Authorities have issued a warning for residents to avoid all activities within a five-kilometre radius of the eruption centre due to the heightened alert status.

When Are Drivers Allowed to Use the Hard Shoulder on Toll Roads? Here Are the Rules

Drivers are reminded that the motorway hard shoulder must only be used for emergency purposes such as vehicle breakdowns or medical emergencies. Misusing this lane to bypass traffic is illegal and can obstruct emergency services like ambulances and fire engines.

TLKM Records Rp37.2 Trillion Revenue in Q1 2026, Infrastructure Business Grows by 6.8%

PT Telkom Indonesia (Persero) Tbk has reported a consolidated revenue of Rp37.2 trillion for the first quarter of 2026, marking a 1.5% year-on-year increase. The growth was primarily driven by the B2C and B2B infrastructure segments, reflecting the effectiveness of the company's ongoing 'TLKM 30' transformation strategy.

Bima Prajapati Applauds Regional Leadership Solidarity and Provincial Innovation in Jambi

Bima Prajapati has commended the harmonious collaboration between regional leaders and the various administrative innovations implemented in Jambi. He emphasised that the success of such programmes should be measured by tangible impacts on local economic indicators, such as poverty reduction and increased regional revenue.

Pancasila as the navigation for legal development in Indonesia

The article discusses the necessity of using Pancasila as a guiding principle for Indonesia's legal development to ensure justice and democracy. Despite improvements in some legal indices, concerns remain regarding stagnant rule of law scores and high corruption levels.

Rupiah Under Pressure This Morning at Rp 17,889 per US Dollar, Weakening Second Only to Korean Won

The Indonesian rupiah depreciated by 0.47 per cent to Rp 17,889 against the US dollar during Tuesday morning trading. While the rupiah faced pressure, its decline was slightly less severe than that of the South Korean won, which saw the deepest losses in the Asian region.

Creality Celebrates 12 Years of Innovation with KliTek™ and AI-Based Ecosystem Expansion

Creality, a global leader in consumer 3D printing, has announced a new growth phase focused on integrating artificial intelligence into its creative ecosystem. Following its recent listing on the Hong Kong Stock Exchange, the company is introducing KliTek™ technology to enhance multi-material printing efficiency.

Nadiem moved by support from online taxi drivers ahead of plea hearing

Former Minister of Education Nadiem Makarim expressed his gratitude to online motorcycle taxi drivers who gathered to support him ahead of his plea reading. Makarim is facing corruption charges related to the procurement of educational technology, which allegedly caused state losses of Rp2.18 trillion.

Pancasila and Free and Active Politics Amidst a Divided World

This editorial argues that Indonesia must utilise the principles of Pancasila to navigate the increasing geopolitical fragmentation between major powers. It emphasises that the 'free and active' foreign policy should not be a form of passive neutrality, but a principled stance to defend humanity, sovereignty, and global justice.

Feed Prices Skyrocket as Egg Prices Plummet, Farmers Admit to Selling Valuables to Survive

Poultry farmers in Blitar, East Java, are calling for government intervention as plummeting egg prices and rising feed costs threaten their livelihoods. The crisis has forced some small-scale farmers to sell personal belongings to cover the increasing costs of animal feed.

Iwan Sunito Brings Global Business Insights via Indonesia Roadshow

One Global Capital is set to launch its 2026 World Roadshow across major Indonesian cities this June, focusing on Australian business, property, and migration opportunities. Led by Chairman and Group CEO Iwan Sunito, the initiative aims to help Indonesian investors and entrepreneurs diversify their portfolios amidst global economic uncertainty.

Prabowo's Frequent Overseas Visits Claim to Bring in Rp 2,430 Trillion in Investment, Says Cabinet Secretary Teddy

Cabinet Secretary Teddy Indra Wijaya has stated that President Prabowo Subianto's international diplomatic efforts have resulted in approximately Rp 2,430 trillion in investment over the last 18 months. The official highlighted significant breakthroughs, including a zero-percent tariff agreement with the European Union and enhanced strategic cooperation in the defence sector.

Asian Currencies Collapse: Won and Rupiah Fall, Two Nations Remain Stable

Most Asian currencies, including the Indonesian Rupiah, have weakened against the US Dollar due to the US Dollar Index remaining above the 99 level. While the Rupiah approached the psychological level of Rp17,900/US$, only the Thai Baht and Chinese Yuan managed to show gains.

South Sulawesi Named Best Province for Development Financing in Sulawesi, Receives Rp 3 Billion Incentive

South Sulawesi has been recognised as the top performer in the Creative Financing category during the 2026 Regional Sulawesi Outstanding Local Government Awards. In addition to the prestigious title, the provincial government has been awarded a fiscal incentive of Rp 3 billion to support further development.

Habiburokhman Claims Dino Patti Djalal's Criticism of Prabowo's Foreign Visits is Unethical

Habiburokhman has criticised former Deputy Foreign Minister Dino Patti Djalal, labelling his critiques of President Prabowo's frequent overseas trips as unproductive and politically motivated. While Djalal raised concerns regarding the high costs of international travel, Habiburokhman argued that proactive diplomacy is essential for Indonesia's global standing.

Devastation in Kemayoran, Central Jakarta, Following Massive Fire

A massive fire in Kemayoran, Central Jakarta, has left approximately 250 houses destroyed, affecting 350 families. The blaze, suspected to have been caused by an electrical short circuit, took seven hours to extinguish and resulted in three injuries.

Oil Prices Strengthen Again as Markets Monitor Developments in the Strait of Hormuz

Global oil prices have seen a significant rally driven by geopolitical tensions between the United States and Iran regarding the Strait of Hormuz. Investors are closely watching negotiations for a potential ceasefire and the reopening of vital shipping lanes, alongside expectations of declining US crude inventories.

BKT Rorotan-Cakung, North Jakarta: An Alternative Route Prone to Street Robberies

The flood control canal road connecting Cakung, East Jakarta, and Rorotan, North Jakarta, has become notorious for frequent street robberies and muggings. Local residents report that these criminal activities occur both at night and during the day, exacerbated by inadequate street lighting in the area.

Prabowo's Overseas Visits Yield Rp 2,430 Trillion in Investment

Cabinet Secretary Teddy Indra Wijaya has defended President Prabowo Subianto's international working visits, highlighting that they have secured significant investment and expanded export markets. The diplomatic efforts have resulted in Rp 2,430 trillion in investment, with additional commitments from Japan and South Korea pushing the total potential towards Rp 3,000 trillion.

Following Tambora Fire in West Jakarta, Jakarta DPRD Urges Provincial Government to Prepare Home Renovation Assistance

A member of the Jakarta Regional House of Representatives (DPRD) has called on the provincial government to provide renovation aid and temporary housing for residents affected by the recent fire in Krendang, Tambora. The legislator also emphasised the need for rapid administrative services to replace lost identity documents and improved fire prevention measures in densely populated areas.