Indonesian Political, Business & Finance News

Archive: 30 June 2026

Showing 701-750 of 1,554 articles

OJK Says Something is Wrong with the Stock Market as IHSG Continues to Slump

Indonesia's Financial Services Authority (OJK) has acknowledged that something is amiss with the domestic stock market, as the Jakarta Composite Index (IHSG) remains mired in the red. The regulator emphasised the need for comprehensive improvements to restore the capital market's role as a primary engine for long-term national financing. This comes as the IHSG has fallen 35.49% year-to-date, with the majority of retail investors being young, novice participants requiring better protection and validated information.

Prabowo to Receive Belarus President Lukashenko at Palace Tomorrow

Indonesian President Prabowo Subianto is scheduled to host Belarusian President Aleksandr Lukashenko for a state visit at the palace tomorrow. The meeting aims to strengthen bilateral ties, with discussions expected to cover economic cooperation, agriculture, food security, and the launch of a 2026-2030 Road Map for Bilateral Cooperation. The visit follows the signing of a free trade agreement between Indonesia and the Eurasian Economic Union in December 2025.

Public Trust in Police Rises to 82.4%, Minister Calls for Stronger Synergy

A recent Kompas Research and Development survey reveals public trust in the Indonesian National Police (Polri) has climbed to 82.4%, with its institutional image also seeing a significant rise. Minister of Communication and Digital Affairs Meutya Hafid praised the improvement and urged continued collaboration to create a safe and trustworthy digital space.

USU Researcher: Leuser Protection Must Be Part of Regional Development Agenda

A researcher from the University of North Sumatra has urged that the protection of the Leuser Ecosystem be integrated into regional development planning, rather than being treated solely as a conservation issue. The Leuser area plays a critical role in water supply, disaster mitigation, and supporting local economies in North Sumatra and Aceh. The call was made during a policy workshop aimed at strengthening governance and incorporating Leuser protection into official development documents.

2,087 Beneficiary Families Graduate from PKH Programme in Klaten, Deputy Minister Praises Collaboration

A total of 2,087 Beneficiary Families (KPM) have graduated from the Family Hope Programme (PKH) in Klaten, Central Java, marking their transition from state dependence to self-sufficiency. Deputy Minister of Social Affairs Agus Jabo Priyono hailed the graduation as a result of strong collaboration between central and local governments and the private sector. The event also saw the symbolic handover of Social Economic Empowerment Programme (PPSE) assistance worth IDR 5 million each to five beneficiaries.

PDIP Suspends East Timor Tengah Utara Councillor Over Alleged Intimidation of Doctor Icha

The Indonesian Democratic Party of Struggle (PDIP) has suspended Veronika Lake, a member of the East Timor Tengah Utara (TTU) Regional House of Representatives, pending a police investigation. She is one of three local councillors accused of intimidating Dr. Eliza Princila Utami Pakaenoni, known as Doctor Icha, at a hospital, which allegedly led to severe psychological distress and her subsequent death. The party's internal ethics body has summoned the councillor for clarification as the legal process unfolds.

Between Trends and Tradition: The Fate of Culture in the Hands of the Young Generation

The dominance of global trends spread through social media is increasingly influencing the lifestyles and cultural preferences of Indonesia's youth. This shift has led to a decline in the use of regional languages, reduced participation in traditional customs, and a weakening of cultural inheritance. Experts argue that a balance must be struck by fostering cultural awareness through family, schools, and society to prevent a crisis of identity and ensure local traditions remain relevant.

National Police Chief Promotes Four Officers to Commissioner General Rank

The Indonesian National Police (Polri) promoted four high-ranking officers to the rank of Commissioner General (Komjen) during a ceremony at the National Police Headquarters in Jakarta. The promotions, led by National Police Chief General Listyo Sigit Prabowo, are part of a broader round of rank elevations for 41,578 personnel. The police force stated that these promotions reflect institutional trust and are expected to motivate personnel to enhance their service and professionalism.

Kediri Government Distributes 200 Tonnes of Corn Seeds to Support Food Security

The Kediri Regency Government has distributed 200 tonnes of corn seeds to 683 farmer groups across 26 districts to bolster local food security. The initiative, valued at IDR 19 billion, is part of a broader support package that will also include agricultural machinery and post-harvest price stabilisation. The government has secured a purchase price of IDR 5,500 per kilogram through the State Logistics Agency (Bulog) to protect farmers' incomes.

Investigation Update: Police to Question Expert Witnesses in Child's Post-CT Scan Death at Prambanan Hospital

The Yogyakarta Regional Police are set to question expert witnesses in the alleged malpractice case involving the death of a three-year-old child following a CT scan at RSUD Prambanan. Authorities have already questioned 14 witnesses, including the victim's family, hospital staff, and doctors, and will also seek clarification from the Indonesian Medical Association. The police aim to complete the expert witness examinations by early July to provide legal clarity on the case.

Climate Change Influences Investment Decisions, Says Finance Ministry

Indonesia's Finance Ministry has stated that climate change is increasingly shaping investor behaviour due to transition risks and physical threats. The government acknowledges a significant funding gap in meeting its climate commitments, with the state budget covering only 12.9 per cent of mitigation costs. Fiscal policy is being directed to mobilise green investment and strengthen partnerships with the private sector.

Bali International Hospital Performs First Robotic Surgery in Eastern Indonesia

Bali International Hospital (BIH) has successfully conducted the first robotic-assisted surgeries in eastern Indonesia, marking a significant milestone for the newly opened facility. The procedures included a cholecystectomy and a combined adrenal tumour removal with cholecystectomy, the latter being a national first. Hospital executives and surgeons highlighted the enhanced precision and minimally invasive benefits of the technology, while noting its adoption across Indonesia requires further training and education.

Police Uncover Alleged Rp486 Billion Fuel Corruption at Pertamina Patra Niaga, Three Former Officials Named Suspects

Indonesia's National Police have named three former officials of PT Pertamina Patra Niaga and a director of a partner company as suspects in an alleged corruption case involving fuel sales. The case, which caused an estimated state loss of Rp486 billion, centres on irregularities in the sale of High Speed Diesel to PT AKT. Investigators found that the suspects allegedly altered agreements to provide undue benefits, including removing payment guarantees and waiving late fees.

One Judge Dissents, Argues Nadiem Makarim Should Be Acquitted in Chromebook Corruption Case

Judge Andi Saputra issued a dissenting opinion in the corruption trial of former Education Minister Nadiem Makarim, arguing he should be acquitted. The judge found no strong evidence of criminal intent or a causal link between the Chromebook procurement policy and the alleged state losses. He noted that Nadiem had resigned from his company before taking office and did not control it remotely to gain profit.

IHSG Plunges 3.05% at Close of Session II, Tumbles to 5,643 and Touches Intraday Low

The Indonesia Stock Exchange (IDX) Composite Index (IHSG) suffered a sharp decline on Tuesday, closing down 3.05% at 5,643.19. The index experienced heavy selling pressure throughout the day, briefly recovering in the early afternoon before collapsing to near its intraday low by the closing bell.

Analysts Say Jokowi's Political Safari Unlikely to Boost PSI's Electoral Prospects

Political analysts suggest that former President Joko Widodo's recent political safari is unlikely to significantly boost the electoral fortunes of the Indonesian Solidarity Party (PSI). Experts point to a lack of public enthusiasm during his visit to Lampung as evidence that his political influence has waned since leaving office. The strategy of targeting PDIP's voter base is also seen as flawed, given the strong loyalty of nationalist and 'wong cilik' (common people) supporters to the Megawati-led party.

How to Check PIP 2026 Status Using NISN and NIK

The Indonesian government continues the Smart Indonesia Programme (PIP) in 2026, expanding it to include kindergarten pupils as part of the 13-year compulsory education policy. Disbursement is divided into three terms, with the second term currently running until September 2026. Beneficiaries can verify their status online using their Student Identification Number (NISN) and National Identity Number (NIK) via the official SIPINTAR website.

Maybank Targets $73 Billion in Sustainable Financing by 2030

Maybank Group has set a target to mobilise USD 73 billion in sustainable financing across Southeast Asia by 2030, building on its achievement of surpassing a previous target with USD 43 billion. The bank is focusing not only on green projects but also on supporting high-emission industries in their transition through efficiency and cleaner technology. Maybank Indonesia's president director emphasised that transitioning to a low-carbon economy is now a strategic necessity for businesses to maintain global competitiveness.

Effects of Global Inflation Risk: MSCI Issues on the Stock Market and Rupiah

Indonesia's financial markets are feeling the strain from global geopolitical and economic turmoil, compounded by rising world oil prices and a weakening Rupiah. Foreign investor confidence remains low, as evidenced by persistent capital outflows from both the equity and government bond markets. The discussion highlights the challenges and opportunities facing the Indonesian market amid these domestic and external pressures.

Indonesia to Mandate E20 Bioethanol, Pertamina Secures Feedstock Strategy

As Indonesia prepares to mandate 20% bioethanol fuel blend (E20) by 2028, state energy company Pertamina is implementing a three-pronged strategy to secure sustainable feedstock. The plan involves multi-feedstock, multi-generation, and multi-region approaches, including using molasses, cassava, and agricultural waste, while the government readies regulations and road tests for the transition.

Luhut targets nationwide digitalisation of social aid by October

Coordinating Committee Chair Luhut Binsar Pandjaitan has set a target for the national rollout of the digitalised social assistance programme to begin in October 2026, following an evaluation of pilot projects in 43 districts and cities. The initiative, part of the Government Technology development, aims to enhance efficiency, transparency, and accountability in aid distribution. Regional heads have been instructed to complete the pilot implementation by the end of August 2026 and to boost public registration through the Social Protection portal.

Trade Minister explores egg exports to Singapore amid supply surplus

Indonesia's Trade Minister Budi Santoso announced the government is exploring egg and chicken meat exports to Singapore following a domestic supply surplus that has driven prices below the retail ceiling. The minister noted that the temporary suspension of the free nutritious meal programme has also reduced absorption. Efforts are currently underway to find buyers abroad before connecting them with Indonesian producers.

Gerindra Denies Presidential Nomination Must Be Supported by Three Parliamentary Parties

The Gerindra Party has dismissed claims of a scenario in the Election Bill requiring presidential candidates to be nominated by at least three parliamentary parties. The party's spokesperson stated that discussions on the bill have not yet begun in the House of Representatives. The issue was raised by a Democratic Party official, while Golkar's Secretary-General joked about the source of the information.

Transmigration Ministry, KKP boost coastal empowerment

Indonesia's Transmigration Ministry and the Ministry of Marine Affairs and Fisheries (KKP) have signed a memorandum of understanding to align community empowerment programmes in coastal transmigration areas. The collaboration aims to boost the productivity of fishers and fisheries businesses, particularly for commodities like blue swimming crab, in regions such as Sorong, Pasangkayu, and Maluku. The initiative is part of a broader government strategy to prevent overlapping development programmes and to drive downstream industrialisation that increases local incomes and welfare.

Judge: Nadiem Placed Special Staff in Positions Far Exceeding Their Authority

A Jakarta corruption court has found former Education Minister Nadiem Makarim guilty of granting two special staff members excessive authority, with one described as a central actor in leading meetings and making personnel decisions. The ruling was part of a broader verdict sentencing Nadiem to 10 years in prison for corruption related to Chromebook procurement.

B50 Biodiesel Mandate to Commence July 2026 with Three-Month Transition

Indonesia's Ministry of Energy and Mineral Resources has confirmed that the mandatory 50% palm oil-based biodiesel blend (B50) will take effect on 1 July 2026. A three-month transition period until 30 September 2026 will allow fuel companies to deplete existing B40 stocks. The policy is expected to generate significant economic benefits, including foreign exchange savings of up to Rp 157.28 trillion.

Indonesia's Inflation Predicted to Heat Up: Impact of Fuel Prices, Rupiah, and Food

Indonesia's inflation is expected to accelerate in June 2026, driven by rising food prices and non-subsidised fuel costs amid a weakening rupiah. Economists forecast a monthly inflation rate of 0.30% and an annual rate of 3.2%, up from May's figures. The combination of higher global oil prices and currency depreciation is also increasing imported inflation and domestic logistics costs.

New Fertiliser Governance Regulation Benefits All Parties, Says Pupuk Indonesia

Pupuk Indonesia's Supply Chain Director, Robby Setiabudi Madjid, has detailed the fundamental differences between two new presidential regulations on subsidised fertiliser governance. He explained that while one regulation protects the market and farmers by streamlining supply chains, the other strengthens the domestic fertiliser industry for long-term food security. The new framework is described as a 'win-win solution' that boosts efficiency for producers and productivity for farmers.

Galang Batang SEZ in Bintan Absorbs 5,000 Workers, Drives Regional Economy

The Galang Batang Special Economic Zone (SEZ) in Bintan, Riau Islands, has absorbed 5,000 workers since operations began in 2018, with a target of 20,000 jobs in the coming years. The zone has attracted significant investment, reaching Rp15.6 trillion in 2025, and contributed to a sharp decline in Bintan's unemployment rate from 8.21 percent in 2021 to 4.53 percent in 2024. The SEZ's streamlined administrative services are credited with facilitating investment, with 26 companies now operating, predominantly backed by foreign capital.

Five dead and 15 missing after landslide at abandoned jade mine in northern Myanmar

At least five people have died and 15 others are missing following a landslide at an abandoned jade mine in Hpakant, Kachin State. The incident occurred on Sunday when a waste heap collapsed near the village of Namthmaw. Rescue operations are ongoing despite persistent rain and the threat of further landslides, with the recovered bodies being returned to their families.

Bappenas: Business sector plays vital role in accelerating Indonesia's SDG achievement

Indonesia's Ministry of National Development Planning (Bappenas) has emphasised the crucial role of the business sector in accelerating the achievement of the Sustainable Development Goals (SDGs) through cross-sector collaboration. The ministry noted that Indonesia's SDG indicator achievement has reached approximately 62 percent, significantly outpacing the global and Asia-Pacific average of around 18 percent. The call for stronger public-private partnership was made during a forum aimed at strengthening sustainable business practices to support inclusive economic growth.

Search for Missing Crew Member of KM Ocean Three Enters Fourth Day in Natuna

A joint search and rescue operation involving Basarnas, the military, police, and local fishermen continues for a missing crew member of the KM Ocean Three in the waters off Natuna. The search for the victim, identified as Yoga, has entered its fourth day and has been expanded to coastal areas, though efforts are hampered by poor weather conditions. Two other crew members from the vessel were found earlier, with the captain surviving by clinging to a fish box lid.

Nadiem: I was sentenced to prison based on absurd facts

Former Indonesian Education Minister Nadiem Anwar Makarim has denounced his 10-year prison sentence for corruption as being based on 'absurd facts', claiming the judges ignored trial evidence. The court found him guilty of misusing authority in a laptop procurement scheme that caused state losses of Rp1.56 trillion, though one judge issued a dissenting opinion calling for his acquittal. The case highlights significant controversy within Indonesia's judicial system over the handling of high-profile corruption trials.

Online Trader Tax Collection Starts 1 July, Are Marketplaces Ready?

Indonesia's Directorate General of Taxes confirms it is prepared to begin collecting income tax from e-commerce transactions on 1 July 2026, as previously announced. The tax authority is awaiting the final issuance of a director general decree to formally appoint marketplaces as tax collectors. Officials stated that technical systems are integrated and discussions with platforms have been completed.

National Police Chief Promotes Four to Three-Star General Rank

National Police Chief General Listyo Sigit Prabowo has promoted 87 high-ranking officers, including four new Commissioners General, in a ceremony at Police Headquarters. The promotions are part of a wider round of rank elevations for over 41,000 personnel across Indonesia, intended to recognise dedication and boost professionalism.

After Touring Lampung, Jokowi Flies to Jakarta Today

Former President Joko Widodo departed for Jakarta after spending the morning with his grandchildren in Solo. He had just completed a three-day political safari in Lampung with the Indonesian Solidarity Party (PSI). Jokowi stated he would only be in the capital for one day but did not disclose his agenda.

Tangerang BPBD deploys 30 personnel to tackle Jatiwaringin landfill fire

The Tangerang Regency Disaster Mitigation Agency has dispatched 30 firefighters to combat a large blaze at the Jatiwaringin final disposal site in Mauk District. The fire, which broke out around 11:00 WIB, has engulfed a significant area of the waste mountain, producing thick smoke. Authorities are working to localise the flames and prevent further spread while the cause and extent of the damage remain under investigation.

DPR Reveals Causes Behind Thousands of Prospective Students Withdrawing from Universities

A House of Representatives (DPR) member has attributed the withdrawal of thousands of prospective university students to high tuition fees (UKT) and acceptance into preferred service academies. Meanwhile, a higher education official clarified that the total number of withdrawals is cumulative across all admission pathways and suggested that UKT rates are adjusted based on parental income.

Makassar Teenager Fakes Own Kidnapping, Demands Rp5 Million Ransom

A 16-year-old girl in Makassar fabricated her own kidnapping and demanded a Rp5 million ransom from her family. Police found her at a local hotel, where she admitted to the hoax, citing frequent scolding at home and a desire to live with her sibling after her parents' death. The case has been handed over to the South Sulawesi Police's Women and Children Protection Directorate.

KPK Reveals Former Religious Affairs Minister Yaqut Has Received Medical Treatment

The Corruption Eradication Commission (KPK) has confirmed that Yaqut Cholil Qoumas, a suspect in the hajj quota corruption case, has undergone medical procedures at the National Police Hospital. The former Religious Affairs Minister was temporarily transferred from the detention centre due to digestive health issues. The KPK is monitoring his recovery, hoping he can soon resume the legal process concerning the alleged corruption that caused state losses of up to Rp622 billion.

Amran Reveals Indonesia Loses IDR 600 Trillion Annually Due to Palm Oil Under-Invoicing

Agriculture Minister Amran Sulaiman has disclosed that the practice of under-invoicing in crude palm oil exports has cost Indonesia up to IDR 600 trillion in lost annual revenue. The minister presented data showing cumulative under-invoicing reached US$908 billion over 34 years, prompting President Prabowo Subianto to order a single-door export governance system. Amran explained that exporters record lower shipment values to related companies abroad, significantly reducing tax obligations while selling at much higher global prices.

Yusril: Indonesia-Malaysia Prisoner Transfer Agreement Finalised

Indonesia and Malaysia have reached a key agreement on the transfer of prisoners, allowing convicts to serve their sentences in their home countries. Coordinating Minister Yusril Ihza Mahendra confirmed that Malaysia accepted Indonesia's stance that the receiving state holds full authority over rehabilitation, including remission and amnesty. The deal aims to provide better protection for citizens, particularly the 6,622 Indonesians currently imprisoned in Malaysia.

Minister reveals online gambling operators' strategy to flood social media comments

Indonesia's Communication and Digital Minister Meutya Hafid has detailed how online gambling syndicates use real-time monitoring systems to target social media accounts experiencing high engagement. The majority of spam comments, around 52 percent, are now directed at regional influencers rather than public figures. The minister stressed that tackling this technologically organised spam requires cross-agency collaboration and support from digital platforms.

Pekanbaru Marks 54th PKK Unity Day, Mayor Distributes Thousands of Food Packages

The Pekanbaru city government commemorated the 54th Family Welfare Movement (PKK) Unity Day by distributing 2,500 food packages to residents and sanitation workers. Mayor Agung Nugroho highlighted the PKK's strategic role as a government partner in community empowerment, health, and environmental conservation. The event underscored the city's commitment to social welfare and synergy in achieving the Golden Indonesia 2045 vision.

Ministry of Social Affairs to Utilise UB Students' AI Innovation for 'Sekolah Rakyat' Programme

The Indonesian Ministry of Social Affairs plans to implement an AI system developed by Brawijaya University students to assist with curriculum development and teaching management in 178 'Sekolah Rakyat' (People's Schools) starting in the 2026 academic year. The initiative, part of the Artificial Intelligence Talent Factory programme, aims to support 3,000 teachers and will be executed with oversight from the Ministry of Communication and Digital.

Court Declares State Losses in Chromebook Corruption Case Reach Rp1.56 Trillion

A Jakarta Corruption Court has ruled that state financial losses in the Chromebook procurement case amount to Rp1.56 trillion. The panel of judges accepted the audit findings from the Development Finance Comptroller (BPKP), deeming the calculation methodology valid and accountable. Former Education Minister Nadiem Anwar Makarim was sentenced to 10 years in prison for his role in the corruption.

Government Climate Spending Reaches Rp 73 Trillion Annually

Indonesia's average annual climate expenditure reached Rp 73.5 trillion between 2018 and 2024, representing about 3% of the state budget. The government views this spending as a catalyst to attract private investment, as the country requires up to Rp 800 trillion per year to meet its 2060 net-zero emissions target. A comprehensive financing ecosystem combining public funds, private capital, and international partnerships is being developed to bridge the significant funding gap.

Puan Maharani Demands Thorough Investigation into Alleged Intimidation of Doctor Icha

House Speaker Puan Maharani has called for a comprehensive investigation into the alleged intimidation of a doctor in East Nusa Tenggara by local parliament members, which preceded her death. Maharani stressed that any form of bullying against healthcare workers must not be tolerated and that legal proceedings should take precedence over internal party mechanisms.

Climate Change Influences Investment Decisions, Says Finance Ministry

Indonesia's Finance Ministry has stated that climate change is increasingly affecting investor decisions due to transition risks and physical threats. The government is integrating sustainability into its national priorities, but acknowledges a significant financing gap, with the state budget covering only 12.9% of climate mitigation needs.

Police Name Four Suspects in Rp 486 Billion Fuel Sales Corruption Case

The Indonesian National Police's Corruption Eradication Corps has named four suspects in a corruption case involving fuel sales between PT Pertamina Patra Niaga and PT AKT. The alleged corruption, which occurred between 2009 and 2012, involved the irregular sale of high-speed diesel without proper payment guarantees. The case has resulted in an estimated state loss of Rp 486 billion (approximately USD 30.37 million).