Indonesian Political, Business & Finance News

Archive: 2 June 2026

Showing 1,651-1,700 of 1,852 articles

Political Observers Say 'MBG Mas Bahlil Ganteng' Song Benefits Golkar, Particularly in Politics

Political observer Adi Prayitno has assessed that the viral song 'Mas Bahlil Ganteng' about Bahlil Lahadalia, chairman of the Golkar Party, has become a political asset for the party ahead of the 2029 general election. Although the song originally began as satire, Golkar has successfully reframed it as positive publicity that keeps the party and its leader in public discourse, potentially translating into electoral gains.

Cabinet Secretary Confirms Prabowo's Foreign Diplomacy Yields Concrete Results

Cabinet Secretary Teddy Indra Wijaya has defended President Prabowo Subianto's extensive foreign diplomatic engagements over the past 1.5 years, asserting that they have produced tangible benefits for Indonesia's national interests. Key achievements cited include Indonesia's accession to BRICS, securing zero-tariff access for exports to 25 EU nations, strengthening defence capabilities through partnerships with major powers, and improving hajj pilgrimage services through cooperation with Saudi Arabia. The government has also reduced presidential delegation costs by capping entourage sizes to 50-60 personnel and ensuring any budget overruns are covered personally by the President.

Macron Targets Russia's Shadow Fleet as Kremlin Accuses France of "Piracy"

The French Navy seized the oil tanker Tagor in the Atlantic Ocean, alleged to be part of Russia's shadow fleet used to circumvent international sanctions on oil exports. The Kremlin condemned the seizure as illegal and akin to international piracy, whilst France and other Western nations intensify efforts to disrupt Russian oil smuggling operations that finance Moscow's war effort in Ukraine.

Before Long Weekend, Foreign Investors Record Massive Net Sell in 10 Stocks

Foreign investors executed a massive net sell of Rp8.52 trillion across the Indonesian stock market ahead of the long weekend caused by the Pancasila Day holiday on 1 June 2026. The Jakarta Composite Index (IHSG) finished marginally weaker on Friday at 6,127.38, down 0.05%, with Bank Central Asia (BBCA) and Chandra Asri Pacific (TPIA) leading the foreign sell-off with Rp1.96 trillion and Rp1.94 trillion respectively.

UBS and Galeri24 gold prices decline; Antam remains stable at Pegadaian

Gold prices at Pegadaian showed mixed movements on Tuesday, with UBS and Galeri24 brands declining to Rp2,844,000 and Rp2,791,000 per gram respectively, whilst Antam gold prices remained unchanged at Rp2,911,000 per gram. The three gold brands—UBS, Antam, and Galeri24—are available in various denominations ranging from 0.5 grams to 1 kilogram at Pegadaian and through Logam Mulia's official platform.

Lenteng Agung Main Road Towards Depok Still Closed Tuesday Morning

Jalan Raya Lenteng Agung in South Jakarta, heading towards Depok, West Java, remained closed on Tuesday morning (2 June 2026) due to ongoing road construction work. Warning banners and directional signs were placed from in front of Universitas Indonesia Maju, with vehicles redirected to alternative routes via side streets and railway junction areas, whilst motorcycles were permitted through certain passages.

Timeline of Hours-Long Fire in Kemayoran, Central Jakarta, Injures 3 People

A major fire broke out in the Kemayoran district of Central Jakarta on the evening of 1 June 2026, originating from an electrical short circuit in a residential building and spreading to destroy approximately 250 houses over seven hours of firefighting operations. Three people were injured and rushed to hospital, whilst 330 families were displaced, prompting the government to establish an evacuation centre at Jusuf Hamka Field for relief coordination and assistance.

Wedding Organiser Marwah Defrauds 58 Prospective Couples; Owner Revealed as Recidivist

Police in East Jakarta have arrested a married couple, RM and ER, who operated wedding organiser Marwah and allegedly defrauded 58 prospective couples of approximately Rp 2.6 billion. The couple employed a scheme whereby money collected from new clients was used to cover shortfalls from previous clients' events, whilst the female suspect ER was found to be a recidivist with a prior conviction for similar fraud in West Java.

Major Fire in Kemayoran, Central Jakarta Suspected to Be Caused by Electrical Short Circuit

A major fire broke out in a densely populated residential area in Kemayoran Gempol, Central Jakarta, on 1 June 2024, suspected to have been caused by an electrical short circuit. The fire, which burned for approximately seven hours, affected around 250 semi-permanent structures housing approximately 300 families, with material losses yet to be assessed. Firefighters deployed 35 units and 175 personnel to extinguish the blaze by 04:15 WIB.

MPR Chief Muzani Sued at Central Jakarta District Court Over Quiz Competition Dispute

Ahmad Muzani, the Chairman of the People's Consultative Assembly (MPR), has been sued at the Central Jakarta District Court following a controversy during the final round of the Four Pillars Quiz Competition (LCC) in West Kalimantan Province. The lawsuit, filed by David Tobing, alleges unlawful conduct by Muzani and three judges who allegedly awarded contradictory scores to different teams for identical answers, with the first hearing scheduled for 2 June 2026.

DevvStream, XCF Global, and Southern Energy Renewables Confirm Three-Party Business Combination Remains on Track

DevvStream Corp., XCF Global, Inc., and Southern Energy Renewables Inc. have reaffirmed that their three-party business combination agreement remains fully binding and enforceable, despite media misinterpretations regarding the automatic termination of an earlier merger agreement. The parties plan to submit a Form S-4 registration statement to the SEC within the coming weeks to advance towards completing the proposed merger and obtaining required shareholder approvals.

DKI Yesterday: Motor Vehicle Tax Exemption and Market Jiung Fire

The Jakarta Provincial Government announced a motor vehicle tax penalty exemption from June 1 to August 31, 2026, marking the city's 499th anniversary and Indonesia's 81st independence day, whilst also managing several traffic incidents and a residential fire that destroyed homes in central Jakarta.

Evidence of Major Earthquake Found Beneath Mount Ciremai, Overturned Soil

Researchers from Indonesia's National Research and Innovation Agency (BRIN) have discovered evidence of major tectonic activity beneath Mount Ciremai in Kuningan's eastern ring, including inverted soil layers and fault structures dating back thousands of years. Using LiDAR mapping and carbon dating, the team identified a reverse fault with deposits aged 22,000 years positioned above 20,000-year-old deposits, along with a normal fault from approximately 16,000 years ago suggesting a major earthquake event. The findings indicate significant tectonic pressures in the region and highlight the need for further analysis of the volcano's distal and proximal sediment deposits.

13th Month Salary Released Today: Details on Civil Service, State Official and Pensioner Payments

Indonesia's 13th month salary for civil servants (ASN), state officials, and pensioners began disbursement on 2 June 2026 under Presidential Regulation Number 9 of 2026. The payment is calculated based on income components from May 2026 and includes multiple components such as base salary, family allowance, food allowance, and performance allowance, with amounts varying by rank and position.

DevvStream, XCF Global, and Southern Energy Renewables Confirm Three-Party Business Combination Remains on Track

Three renewable energy and carbon management companies—DevvStream, XCF Global, and Southern Energy Renewables—have confirmed their proposed three-party business combination is proceeding as planned, with a Form S-4 registration statement expected to be filed with the SEC in coming weeks. The automatic termination of a prior merger agreement between DevvStream and Southern was a contractual requirement under the new Business Combination Agreement framework and does not reflect any party's withdrawal from the transaction. The combination seeks to create an integrated clean fuels and carbon management platform, pending SEC effectiveness and shareholder approval.

Directorate General of Immigration Monitors Case of Brunei National Assault in Blok M

Indonesia's Directorate General of Immigration is monitoring an assault case involving a Brunei national in Jakarta's Blok M district, with the alleged foreign national perpetrator already arrested by police. While the case is primarily under police jurisdiction as a general criminal offence rather than an immigration matter, the Immigration Authority will take administrative measures including possible deportation once criminal proceedings conclude.

President Prabowo and Megawati Meet and Hold Hands on Pancasila Birthday

President Prabowo Subianto and former fifth President Megawati Soekarnoputri shared a warm moment at the Pancasila Day commemoration ceremony on 1 June, holding hands as they walked together, symbolising national unity among Indonesia's political leaders. Party officials from both the ruling coalition and opposition interpreted the gesture as reflecting mutual respect, political goodwill, and the importance of dialogue between current and former leaders on matters of national significance.

World War II Bomb Explosion in Biak: 5 Dead, 19 Injured, 3 Missing

A World War II-era bomb detonated at a fishing complex in Biak, Indonesia on 31 May, killing five people, injuring 19 others, and leaving three missing. Search and rescue operations continue for the missing persons while authorities deem the immediate blast site unsafe; five bodies have been buried and 55 residents from nine damaged homes are being sheltered by the local government.

On Implementation of E-voting System in 2029 Elections, Golkar: Facilitating the Public

Golkar party has endorsed the potential use of an e-voting system in Indonesia's 2029 general election, viewing it as a means to improve efficiency, modernise voting procedures, and enhance public participation. However, the party emphasises that such implementation requires amendments to electoral law and substantial preparation, particularly regarding digital infrastructure, internet connectivity, and cybersecurity safeguards against hacking vulnerabilities.

Parliamentary Member Outlines Reasons for Supporting Electoral Law Bill Imposing Sanctions Against Money Politics Perpetrators

Ahmad Heryawan, a PKS faction member of the House Commission II, supports the General Elections Supervisory Body's (Bawaslu) proposal to impose blacklist sanctions on money politics perpetrators, preventing them from participating in future elections. Heryawan argues that money politics undermines electoral integrity and weakens popular sovereignty, and calls for the electoral law to be revised to expand the definition of money politics to include digital transactions such as e-vouchers and mobile credit transfers.

Mobile Samsat Service Locations Today in Jadetabek, Check Full Schedule

The mobile One-Roof Integrated Administration System (Samsat) service resumed operations on Tuesday, 2 June 2026, after being suspended for Pancasila Day celebrations. The service operates at 14 locations across Jakarta, Depok, Tangerang, and Bekasi to help taxpayers pay annual motor vehicle taxes without visiting the main Samsat office.

Mount Lewotobi Laki-laki Erupts, Discharges Ash Column 1 Kilometre High

Mount Lewotobi Laki-laki in East Flores Regency, East Nusa Tenggara, erupted on Tuesday morning, producing an ash column approximately 1,000 metres above the summit. Authorities have issued warnings for residents and visitors to avoid a 5-kilometre radius around the volcano and remain alert for potential lahar floods during heavy rainfall, whilst residents exposed to ash fall are advised to wear masks to protect their respiratory systems.

New UMKM Tax Rate Regulations: Husband and Wife Business Turnover Must Be Combined

The Prabowo administration has implemented new rules requiring combined household income assessment for married couples' small and medium enterprises (UMKM) to qualify for the 0.5% final income tax rate. Under Government Regulation No. 20 of 2026, couples can only benefit from this preferential rate if their combined annual business turnover does not exceed IDR 4.8 billion, a stricter standard than previously applied.

Hajj Fraud Losses Reach Rp 21.7 Billion by End of May

Public losses from hajj pilgrimage fraud and regulatory violations have reached Rp 21.7 billion by the end of May 2026, affecting 550 victims across 59 reported cases, according to the Indonesian National Police's Hajj and Umrah Task Force. The taskforce has identified 26 suspects in connection with the cases, whilst authorities have implemented preventive measures including public education, departure monitoring, and coordination with relevant government agencies and Saudi Arabia's security apparatus.

Major Fire in Kemayoran, Central Jakarta: 3 Residents Injured

A major fire broke out in Kemayoran, Central Jakarta on Monday evening, destroying approximately 250 homes and affecting 330 families across two residential areas. Three residents were injured and taken to hospitals, with authorities attributing the fire to electrical short-circuiting; the fire was extinguished after seven hours involving 35 fire units and 175 personnel. The Jakarta government has established temporary evacuation shelters at Jusuf Hamka Field to coordinate disaster relief efforts and provide logistics support through various agencies.

Trump Dismisses Reports of Failed Peace Negotiations with Iran

US President Donald Trump sought to downplay the potential failure of peace negotiations with Iran, claiming indifference to whether talks collapse during a CNBC interview on 1 June 2026, whilst simultaneously asserting on Truth Social that negotiations were proceeding at high speed. Iran's state news agency Tasnim reported that Tehran had suspended indirect communications with Washington in protest over intensified Israeli military operations in Lebanon targeting Iran-backed Hizbullah, with the standoff centring on Iran's nuclear programme and uranium enrichment rights.

EU Council President urges Bosnia to accelerate EU accession process

European Council President Antonio Costa has urged Bosnia and Herzegovina to accelerate the reforms necessary to progress in the EU accession process during a visit to Sarajevo. Costa emphasised that whilst the path to EU membership remains challenging, Bosnia can expedite its candidacy if the government promptly aligns with EU legislation. His visit precedes an EU-Western Balkans summit aimed at reinvigorating the enlargement process amid growing geopolitical challenges.

Prabowo and Megawati Walk Arm-in-Arm; PPI Director Says Their Relationship Transcends Politics

At the 80th Pancasila Day ceremony, President Prabowo Subianto and former President Megawati Soekarnoputri were observed walking arm-in-arm, prompting political analyst Adi Prayitno to assert that their relationship extends beyond political competition. Prayitno characterised the gesture as evidence of Prabowo's inclusive political approach towards the opposition Indonesian Democratic Party of Struggle (PDIP), of which Megawati is chair.

National Nutrition Board Strengthens Data Validation for Free Nutritious Meal Programme Recipients, Involving Schools and Local Authorities

The National Nutrition Board (BGN) is intensifying data validation efforts for the Free Nutritious Meal Programme (MBG) through cross-ministerial coordination and direct verification from grassroots level to ensure accurate and equitable service delivery. The validation process involves multiple government agencies, school heads, village officials, and local governments, with results now accessible to the public through an online dashboard. The board encourages officials and community leaders to report any individuals not yet registered or receiving MBG services through designated coordinators or dedicated hotline.

Two Houses Destroyed in Muara Angke Fire, Suspected Electrical Short Circuit

Two residential houses in Muara Angke, North Jakarta caught fire on Monday evening, 1 June 2026, with the fire suspected to have originated from an electrical short circuit in one residence. Emergency services deployed 15 units and 75 personnel, containing the blaze within 22 minutes with no fatalities reported, though two family heads and eight individuals were safely evacuated.

UVCR Distributes Dividend, Shareholders Receive Rp 0.5 Per Share

PT Trimegah Karya Pratama Tbk (UVCR), a digital voucher technology company, has announced a cash dividend distribution of Rp 1 billion to shareholders for the 2025 financial year, equivalent to Rp 0.5 per share, following the annual general meeting held on 21 May 2026. The company reported a net profit of Rp 5.47 billion and total equity of Rp 103.62 billion as of 31 December 2025, demonstrating solid financial fundamentals and liquidity for continued business expansion.

Driving Licence Expiring on Pancasila Day? Still Possible to Renew Today

Driving licence (SIM) holders whose permits expired on 1 June 2026 during the Pancasila Day public holiday have until 2 June 2026 to renew them, as the Jakarta Metro Police announced services would reopen the following day. The police have also deployed mobile SIM renewal units at five Jakarta locations, offering standard renewal procedures for Class A and C licences at fees of Rp80,000 and Rp75,000 respectively, whilst Class B renewals must be handled separately at dedicated administrative centres.

BMKG forecasts partial Jakarta to be drenched by rain Tuesday afternoon

Indonesia's Meteorology, Climatology and Geophysics Agency (BMKG) has forecast light rain in East and South Jakarta on Tuesday afternoon, with conditions expected to improve by late evening. Temperatures across the capital region are expected to range between 25–32 degrees Celsius, with light wind speeds between 1–12 kilometres per hour.

Emerging from the Shadow of Debt

Indonesia's fiscal pressures have traditionally been addressed through increasing debt, cutting spending, or raising levies, but this approach has created a dependency trap that requires fundamental reform. The country's external debt stands at $437.9 billion whilst its tax-to-GDP ratio remains stagnant at around 10 percent, well below what is needed to fund essential public services in education, healthcare, infrastructure, and social protection. The article argues that strengthening fiscal capacity must move beyond simply raising tax rates and instead reframe taxation as a social contract between the state and citizens.

Police Task Force Reveals 550 Prospective Pilgrims Become Victims of Fraud and Irregular Hajj Arrangements

The Indonesian National Police's task force handling hajj and umrah matters has documented 59 cases of alleged fraud and violations related to hajj arrangements through May 2026, affecting 550 victims with combined losses of Rp 21.7 billion. The findings are being used to evaluate this year's hajj administration and have prompted both Indonesian and Saudi Arabian authorities to strengthen coordination on pilgrim protection, including enhanced enforcement against unlicensed hajj operators and improved public education. As the world's largest source of hajj pilgrims, Indonesia is emphasising the need for stronger, more adaptive, and integrated protection systems across registration, departure, pilgrimage execution, and return processes.

Iran Halts Dialogue with the United States; Trump Claims Israel Cancelled Beirut Offensive

Iran has officially suspended indirect negotiations with the United States in protest against Israel's intensified military campaign in Lebanon, which has destabilised the already fragile Middle Eastern region. President Trump claims to have brokered a ceasefire agreement with Israeli Prime Minister Netanyahu to halt operations in Beirut, though Iran's Foreign Minister accuses Israel of violating previous ceasefire terms and Iran maintaining control of the strategically vital Strait of Hormuz. The escalating conflict has claimed thousands of lives since February 2026 and is fuelling global economic pressures, particularly through rising fuel prices affecting both the Middle East and the United States.

List of 53 Foreign Visits Conducted by Indonesian President

Indonesian President Prabowo Subianto has undertaken 53 foreign visits since taking office on 20 October 2024, averaging two to three visits per month. France and Malaysia are the most frequently visited countries with four visits each, whilst Egypt is the only African nation visited by the President, with two visits documented.

Women 60% More at Risk of Injury in Car Accidents

Recent research from Austria analysing crash data between 2012 and 2024 reveals that women face significantly higher injury risks during car accidents despite often occurring at lower speeds, with particular vulnerability to serious chest, spinal, arm and leg injuries. The disparity is attributed to vehicle safety standards historically based on male body characteristics, including crash test dummies that are essentially scaled-down male models rather than realistic female anatomies. Researchers have developed improved female crash test dummies with advanced sensors, highlighting the need for gender-specific safety standards in automotive design.

Coal Prices Surge 7% Amid China's Emergency Safety Measures

Coal prices surged 6.9% to a two-month high of US$146.15 per troy ounce on 2 June 2026, driven by China's emergency safety measures in Shanxi province following a fatal mining accident that killed at least 82 people and prompted production halts. The Chinese government vowed a "zero tolerance" approach to illegal mining practices, intensifying supply concerns and pushing coking coal futures to 19-month highs on the Dalian Commodity Exchange.

150,000 Tonnes Already Discharged, Japan Far from Resolving Fukushima Nuclear Waste

Japan has begun its 20th release of treated wastewater from the Fukushima Daiichi Nuclear Power Plant into the Pacific Ocean in June 2026, with around 7,800 tonnes scheduled to be discharged by 19 June. Nearly 150,000 tonnes have been released since the programme commenced in August 2023, despite persistent opposition from local fishermen, residents, and several nations concerned about long-term environmental and marine ecosystem impacts.

The Plight of Hanania Travel Victims: Lured by MURI Record, Failed Umrah, Now Demanding Rp100 Billion Compensation

Approximately 2,500 prospective pilgrims were unable to depart on Umrah pilgrimages after Hanania Travel allegedly misappropriated funds. The travel company had attracted clients through its MURI record and Ministry of Religion accreditation, but cancelled flights for 1,500 pilgrims three days before departure, citing Middle East conflict as force majeure, whilst pilgrims discovered other airlines were still operating at the time. The affected pilgrims are now seeking Rp100 billion in compensation.

Devastating Fire Sweeps Through Densely Populated Housing in Kemayoran, Hundreds Affected

A major fire broke out in a densely populated residential area on Jalan Kemayoran Gempol in Kemayoran, Jakarta on Monday, 1 June 2026, affecting hundreds of residents across two RW (neighbourhood divisions). Authorities deployed 33 fire trucks and 100 personnel to combat the blaze, with the cause of the fire still under investigation.

Cabinet Secretary Teddy Responds to Dino Patti Djalal's Advice on Prabowo's Foreign Travel

Former Deputy Foreign Minister Dino Patti Djalal has publicly urged President Prabowo Subianto to significantly reduce his frequency of foreign travel, arguing that the President travels more often than any other world leader and incurs substantial costs. Cabinet Secretary Teddy Indra Wijaya responded to Dino's five recommendations by clarifying that any costs exceeding the state budget for Prabowo's foreign visits are borne personally by the President.

Influencers and Artists Can No Longer Use UMKM 0.5% Income Tax Rate

The Indonesian government under President Prabowo Subianto has tightened regulations on the 0.5% final income tax rate for micro, small, and medium enterprises (UMKM) through Government Regulation No. 20 of 2026, effective from 22 April 2026. The new regulation excludes certain service categories from this preferential rate, including influencers, content creators, sculptors, painters, and other artists, regardless of their annual turnover of up to IDR 4.8 billion, to combat tax avoidance and promote formal economic activity. The regulation also adds broader language to catch similar services not explicitly listed, strengthening the government's intent to prevent taxpayers from circumventing their tax obligations.

JAKTV Issues Clarification on Inappropriate Broadcast Content Incident

JAKTV television station has issued a formal apology following an incident on Monday, 1 June 2026, when inappropriate content was inadvertently broadcast during morning hours. The station states the material was not part of any official programme and has launched a full internal and technical investigation, including a security audit, whilst pledging commitment to broadcast standards and viewer protection.

Government Urged to Maintain Natural Gas Price and Supply for Domestic Industry Competitiveness

Indonesian manufacturers are expressing concerns over rising natural gas prices and supply uncertainty amid global geopolitical pressures on energy costs. Chief economist Josua Pardede of Permata Bank argues that maintaining stable gas prices and supply is critical to preserving industrial competitiveness, as gas is a primary input across most domestic industrial sectors. Despite regional price increases, Indonesia's domestic liquefied natural gas (LNG) remains relatively competitive at US$21–US$25 per MMBtu compared to neighbouring countries like Vietnam (US$27.81) and the Philippines (US$28.50).

Major Fire in Kemayoran, Central Jakarta Destroys 250 Homes

A major fire in Kemayoran, Central Jakarta destroyed 250 homes affecting 330 families (620 people) on Monday evening. The fire was extinguished after seven hours with 35 firefighting units and 175 personnel deployed, and the Jakarta Regional Disaster Management Agency has established evacuation centres and begun distributing emergency aid including mattresses, blankets and tarpaulins.

Often Overlooked: Motorway Lane Change Ethics and Regulations

Lane changing has become commonplace on Indonesian motorways, yet many drivers perform these manoeuvres carelessly without regard for driving etiquette or other road users' safety. Jakarta Defensive Driving Consulting founder Jusri Pulubuhu outlines three core principles—Necessary, Correct, and Safe—that drivers must follow before changing lanes or overtaking to prevent accidents and road conflicts.

New Profession: Closing Waymo Robotaxi Doors, Earnings Up To IDR 400,000

Waymo has created a new job category by employing workers to manually close the doors of its autonomous taxis that are left open, paying between USD 11.25 (IDR 204,000) through DoorDash and USD 24 (IDR 429,000) through Honk. The company acknowledged that despite developing automated door-closing systems, its robotaxi service still depends on human workers to handle operational issues that autonomous systems cannot resolve independently, revealing the current limitations of fully autonomous vehicle services.

Cabinet Secretary Teddy Praises Dino Patti Djalal's Brief Tenure as Deputy Foreign Minister

Cabinet Secretary Teddy Indra Wijaya has responded to criticism from former Deputy Foreign Minister Dino Patti Djalal regarding President Prabowo Subianto's frequent international trips, defending the diplomatic missions as producing concrete results including USD 2.43 trillion in investment over 18 months. Teddy countered claims that foreign visits are merely ceremonial, citing achievements including 0% EU tariffs, continued BRICS cooperation, and strengthened international relationships, whilst noting that presidential delegation sizes have been reduced by nearly 50% compared to previous administrations.