Indonesian Political, Business & Finance News

Archive: 30 June 2026

Showing 951-1,000 of 1,554 articles

Muslim Pro and Maybank Indonesia Launch 'YukHaji' Movement and Amanah Pro

Muslim Pro and Maybank Indonesia have launched the '#YukHaji' movement alongside a new Sharia-compliant savings product, Amanah Pro, designed to help Indonesians plan financially for the Hajj pilgrimage. The initiative addresses the urgent need for structured savings, given the national Hajj waiting list exceeds 5.4 million people with an average wait time of up to 27 years. The launch was marked by a community event in Jakarta featuring religious talks and financial literacy sessions.

Elderly Woman in Banyumas Kills Husband to Marry Her Lover

A 61-year-old woman in Banyumas, Central Java, has been arrested for the premeditated murder of her 67-year-old husband. The suspect, identified as IY, allegedly orchestrated the killing because she wanted to marry her lover. Police uncovered the plot after neighbours reported the death, which the suspect had initially attempted to stage as a robbery.

Re-examining the Meaning of Development from Conventional and Islamic Perspectives

An analysis contrasting conventional economic development theories, which prioritise growth metrics like GDP, with the Islamic perspective that emphasises distributive justice and holistic well-being (falah). The article highlights Indonesia's persistent inequality despite poverty reduction, using the 14th-century scholar Ibn Khaldun's cyclical theory to argue that development must integrate moral and social dimensions alongside material progress.

Foreign Investors Net Sell Nearly IDR 700 Billion in First Session

Foreign investors continued their selling spree on the Indonesian stock market, recording a net sell of IDR 699.84 billion during the first trading session on Tuesday. Major banking stocks, including BCA, BRI, and Bank Mandiri, bore the brunt of the capital outflow. The selling pressure was partially offset by foreign buying in select stocks such as Chandra Asri Pacific and Amman Mineral.

BNI Transformation Strengthens Performance and Competitiveness

Bank Negara Indonesia (BNI) is undertaking a comprehensive transformation to bolster its performance and competitiveness, aligning with the government's push for long-term value creation in state-owned enterprises. The strategy encompasses digitalisation, organisational productivity, and risk management, with its digital platform 'wondr by BNI' reaching over 12 million customers by the end of 2025. The bank reported a net profit of Rp 20 trillion in 2025 and continued its positive momentum into 2026, with total assets reaching Rp 1,365.36 trillion by May.

Deputy Minister Vows to Steer Transmigrant Products into Global Markets

The Ministry of Transmigration is intensifying efforts to connect high-quality products from transmigration areas with international buyers through strategic partnerships. Deputy Minister Viva Yoga Mauladi highlighted successful exports of crabs to the United States and durians to China as evidence of the regions' untapped potential. The initiative aims to boost downstream processing and industrialisation to increase the economic value for transmigrant communities.

15,000 Tilapia Fry Released into Situ Cimalongpong to Boost Tourism and Local Economy

The Kuningan Regency government has released 15,000 tilapia fry into Situ Cimalongpong as part of a restocking programme aimed at preserving the aquatic ecosystem and stimulating the local economy. The regent envisions the lake becoming a community-based tourism destination that will create business opportunities for residents. Local officials have also requested urgent infrastructure repairs to the lake's retaining wall to support the area's development.

Pekanbaru Celebrates 54th PKK Unity Day with Festivities, Mayor Distributes Thousands of Food Packages

The Pekanbaru city government commemorated the 54th PKK Unity Day with a lively event attended by 5,000 participants. Mayor Agung Nugroho distributed 2,500 basic food packages to residents and sanitation workers, alongside hearing aids for children. The occasion highlighted the PKK's role as a strategic partner in community empowerment and environmental stewardship.

Pasar Jaya Strengthens Market Monitoring to Maintain Food Price Stability

Jakarta's market operator Perumda Pasar Jaya is intensifying coordination with the city administration and the Regional Inflation Control Team to pre-empt food price volatility ahead of religious holidays and seasonal shifts. The initiative focuses on monitoring supply, distribution, and potential market disruptions for strategic commodities. Managing Director Agus Himawan expressed confidence that robust coordination and stabilisation programmes will keep food inflation under control.

Constitutional Court Rules Voluntary Pension Funds Can Be Withdrawn in Full

Indonesia's Constitutional Court has partially granted a judicial review, ruling that participants in voluntary pension schemes are now entitled to withdraw their entire benefits in a lump sum. The decision amends the Financial Sector Development and Strengthening Law, which previously limited initial lump-sum withdrawals to 20 per cent and mandated periodic payments. The court also urged the government to harmonise pension fund regulations with broader labour and social security laws.

TNI and Community Build Armco Bridge in Trenggalek Through Gotong Royong

The Indonesian Army (TNI) has collaborated with residents in Trenggalek, East Java, to construct an Armco bridge in Gamping Village, enhancing local connectivity. The 18-metre bridge is part of a broader programme to improve infrastructure across three villages, aiming to facilitate transportation and support the local economy. The initiative underscores the TNI's commitment to territorial development and strengthening community cooperation through gotong royong.

Xinhua Silk Road: "AI+mulberry silk" paves new road to prosperity in S China's Guangxi

Yizhou District in Guangxi is transforming its traditional silkworm industry through the integration of artificial intelligence and the Internet of Things, creating a smart agricultural sector. The adoption of automated systems and a comprehensive digital platform has boosted the rate of quality cocoons to 95 percent and secured local silk as a designated raw material for Western luxury brands. This technological shift has also fostered an integrated industrial ecology, with derivative sectors like natural medicines generating significant economic output.

Government to Launch Digital Social Assistance System in October 2026

The Indonesian government is set to launch a nationwide digital social assistance (bansos) selection system in October 2026, aiming to enhance transparency and accessibility. The new system, supported by artificial intelligence and cross-sector data exchange, will allow citizens to register online independently or through agents without burdensome paperwork. Authorities have urged 43 designated regions to complete their data collection by the end of August to ensure a smooth national rollout.

West Java Police Uncover Illegal Trade of 4,000 Clear Lobster Seeds

West Java Police have exposed an illegal operation involving the trade of 4,000 clear lobster seeds in Pangandaran Regency, arresting four suspects. The syndicate, which had been operating since 2024, lacked the required government business permits and was selling the seeds for a profit of Rp1,000 per individual. Authorities warn the practice constitutes a serious environmental crime with long-term consequences for fishery sustainability and food security.

Building the Future of Bank Syariah Indonesia

Despite decades of operation and Indonesia's position as the world's largest Muslim-majority nation, Islamic banking market share remains stagnant at 7-8 per cent. The sector faces a fundamental identity crisis, with its portfolio dominated by trade-based murabahah financing rather than the risk-sharing partnerships that define its ethical mission. High funding costs and a business model resembling conventional banking are preventing the industry from fulfilling its promise of inclusive and equitable economic transformation.

Sister of Late Doctor Icha Graduates as Physician Amidst Grief

Tiara Maharani Dwi Pakaenoni, the younger sister of the late Dr Eliza Princila Utami Pakaenoni (Dr Icha), graduated as a doctor from Nusa Cendana University in Kupang, just one day after her sister's funeral. Dr Icha died by suicide following alleged intimidation by three members of the Timor Tengah Utara Regional House of Representatives. The graduation ceremony was marked by profound sorrow, as Tiara mourned the absence of her sister, who had been her greatest motivator and had promised to give her a bouquet of flowers.

118 Illegal Buildings Demolished for Kali Angke Normalisation in Bogor

Authorities in Bogor, West Java, have demolished 118 illegal structures along the Kali Angke riverbanks as part of a flood mitigation and river normalisation project. The operation, conducted by a joint task force, aims to restore the river's function and reduce flood risks in the Kemang district. Officials reported the process was carried out peacefully, with minor logistical challenges related to vehicle access and debris removal.

Indonesia offers heavy equipment electrification to Belarus

Indonesia has proposed a partnership with Belarus to electrify heavy machinery using Indonesian battery storage, leveraging Belarus's position as a major heavy equipment producer. The initiative aligns with Indonesia's nickel downstreaming strategy and aims to reduce carbon emissions and fossil fuel consumption in the mining sector. The offer was made during an Indonesia-Belarus business forum where both nations signed documents to strengthen economic ties.

Minister Dudy Reveals One App Operator Still Reviewing 8% Max Ojol Commission Cut Effective July 2026

Transportation Minister Dudy Purwagandhi has stated that most major ride-hailing companies, including Grab, GoTo, and Maxim, are prepared to implement the new 8% maximum commission cap for online motorcycle taxis. Only InDrive is still conducting internal calculations regarding the policy's impact on its business model. The regulation, championed by President Prabowo Subianto, is set to take effect in July 2026.

Belarusian President's Son Meets Indonesian Minister, Requests CPO and Cocoa

Belarus has expressed strong interest in boosting agricultural trade with Indonesia, specifically requesting 14,000 tonnes of crude palm oil and 10,000 tonnes of cocoa per month. The request was made during a meeting between Indonesian Agriculture Minister Amran Sulaiman and Dmitry Lukashenko, son of the Belarusian president. The cooperation will also extend to agricultural technology transfer and mechanisation.

OJK: Low-carbon transition an opportunity amid global challenges

Indonesia's Financial Services Authority (OJK) views the shift to a low-carbon economy as a significant economic opportunity, not just an environmental necessity. The regulator is strengthening its sustainable finance ecosystem through four strategic pillars, including taxonomy development and carbon market support. OJK Chief Commissioner Friderica Widyasari Dewi stressed that structural transformation and strong partnerships are essential to mobilise financing and achieve net zero emissions by 2060.

ADPSI Plants 500 Trees at Lake Buyan, Championing Conservation

The Association of Indonesian Provincial Legislatures (ADPSI) planted 500 trees in the Lake Buyan conservation area in Bali as part of their national working meeting. The initiative aims to promote environmental stewardship among regional leaders, highlighting Bali's Tri Hita Karana philosophy of balancing development with nature. The event also included free health checks and the distribution of fruit seedlings to local residents.

Iran Confirms No Negotiations with US in the Near Future

Iran has firmly stated that no negotiations with the United States are scheduled at any level in the coming days. Tehran's current priority is the implementation of a memorandum of understanding concerning a cessation of hostilities. The agreement, which came into effect in June, covers a ceasefire, oil exports, and the release of frozen Iranian assets.

Mount Semeru Erupts, Spewing Ash 900 Metres High

Mount Semeru in East Java erupted on Tuesday afternoon, sending a column of ash 900 metres above its summit. The volcano, which is on Level III alert status, has recorded five eruptions since midnight. Authorities have warned residents to avoid a five-kilometre radius from the crater and to be vigilant for potential pyroclastic flows and lahars along specific river valleys.

B50 Biodiesel Mandate to Take Effect 1 July: Six Key Facts

Indonesia will implement its B50 biodiesel mandate, requiring a 50 percent palm oil blend in diesel fuel, starting 1 July 2026. The policy aims to reduce fossil fuel imports, cut carbon emissions, and boost domestic palm oil absorption. The government highlights significant economic benefits from previous biodiesel programmes, including Rp722.9 trillion in foreign exchange savings over the past decade.

Government Guarantees No Increase in KUR Interest Rates

Coordinating Minister for Economic Affairs Airlangga Hartarto has assured that the recent BI-Rate hike will not affect the 6 percent interest rate on People's Business Credit (KUR), which is subsidised by the government. He also announced an increase in the housing KUR allocation to Rp 50 trillion and a reduction in PNM Mekaar loan rates to 8 percent. The government is awaiting a Finance Ministry regulation to implement the new PNM Mekaar mechanism, backed by a subsidy budget of Rp 18โ€“25 trillion.

US-Iran Tensions Flare Over Hormuz Incident and MOU Implementation, Israel Strikes Arab State

Tensions between the United States and Iran have escalated following a reported attack on a vessel in the Strait of Hormuz, despite a fragile ceasefire. While President Trump hinted at potential talks in Doha, Iran denied any scheduled negotiations, insisting its priority is the implementation of a previously signed memorandum of understanding covering sanctions relief and maritime security. The situation is further complicated by reports of Israeli military action against another Arab nation.

West Java Police Conduct Pre-Reconstruction of Woman's Confinement Case in Bandung

West Java Regional Police are conducting pre-reconstruction activities to corroborate witness, victim, and suspect testimonies in the case of a woman allegedly confined and severely abused in Bandung Regency. The suspect, Taufik Hidayat, is also undergoing a psychiatric evaluation as investigators work to build a complete case. Police have urged any other potential victims to come forward and report their experiences.

Metro Jaya Police Guarantee Transparency in Legal Process for False Imprisonment of Printing Employees

The Metro Jaya Regional Police have pledged a transparent legal process following the false imprisonment of three printing company employees in Central Jakarta for 21 days. Seven suspects, including the business owner, have been arrested and charged with extortion and unlawful confinement after allegedly demanding compensation for missing printing plates. Police are also providing health and psychological support to the victims.

How to Register for the 'Istana for Schoolchildren' Programme

The Indonesian government has launched the 'Istana untuk Anak Sekolah' (Istana for Schoolchildren) programme, an educational initiative allowing students to visit the Presidential Palace. The programme, which follows a directive from President Prabowo Subianto, aims to build national character and provide direct learning about governance and history. Schools can apply to the Ministry of State Secretariat to participate in the programme, which has already hosted around 5,000 students since its launch in April 2026.

Puan Calls for Legal Sanctions Against Intimidators of Doctor Icha

House Speaker Puan Maharani has urged law enforcement to thoroughly investigate the alleged bullying and intimidation of doctor Eliza Princila Utami Pakaenoni, which reportedly led to her suicide. She stressed that legal sanctions must be imposed on the regional council members implicated, and that party-level ethical sanctions should not override the criminal process. The case has prompted widespread calls for justice and better protection for medical professionals.

East Java Police Foil Smuggling of Protected Wildlife Abroad

East Java Regional Police have thwarted three separate attempts to smuggle protected wildlife and marine resources through Juanda Airport, including elephant tusks, thousands of preserved butterflies, and nearly 40,000 clear lobster seeds. The operations involved multiple suspects who used methods such as concealing contraband in the luggage of returning Umrah pilgrims and wrapping live lobster seeds in wet towels. Authorities emphasised that these crimes cause significant ecological damage and threaten the sustainability of Indonesia's natural resources for future generations.

Bima Arya Stresses Village Heads Must Embrace Data and Innovation

Deputy Home Affairs Minister Bima Arya Sugiarto has urged village heads to adopt data-driven practices and foster innovation to enhance rural development. Speaking at the launch of a university-based training programme, he highlighted the importance of collaboration between academia and village governance. The initiative aims to produce best practices that can be replicated across other regions.

Indonesian Navy Launches 'Operasi Cenderawasih Jaya 2026' in Papua Waters

The Indonesian Navy's Third Fleet Command has commenced 'Operasi Cenderawasih Jaya 2026' in the northern waters of Papua, focusing on the Pacific Ocean. The operation aims to secure the region against various maritime threats, with the Tenth Regional Naval Command contributing the warship KRI Albakora-867. Authorities highlighted the vulnerability of the RI-PNG border waters to smuggling, including narcotics, and are collaborating with multiple parties to address these crimes.

DPR Member Suggests SPPI Training Could Be Conducted Through Cooperative Mentoring

A member of Indonesia's House of Representatives has proposed that training for the Sarjana Penggerak Pembangunan Indonesia (SPPI) programme be conducted through direct mentoring within successful cooperatives. The suggestion follows the recent deaths of five trainee managers during a basic military training component. The Ministry of Defence has since halted the military-style training, shifting focus to national defence awareness and managerial skills.

Encouraging a Stronger Investment Climate in Kalimantan

West Kalimantan is undergoing a major transformation to attract investors by abandoning rigid, old practices in favour of modern, transparent, and fast public services. The province has streamlined its licensing through full digitalisation and a fast-track system, while also mandating partnerships between corporations and indigenous communities to ensure social licence and prevent conflict. This new approach has driven significant foreign and domestic investment, particularly in mining, plantations, and green industrial parks, positioning the region as a competitive and sustainable investment destination.

Focusing on Renewable Energy Business, Futura Energi (FUTR) Targets 5 New Projects

PT Futura Energi Global Tbk (FUTR) has completed a strategic transformation from the creative and consulting sectors to green energy. The company is developing a pipeline of five new renewable energy projects, including geothermal, solar, and mini-hydro power plants, aligning with the Indonesian government's energy transition policies.

Struggle of Leni, Daughter of Gunungkidul Farm Labourer, Accepted with Free Tuition at UGM

Leni Ismawati, the 18-year-old daughter of farm labourers from Gunungkidul, has been accepted into the Accounting programme at Universitas Gadjah Mada (UGM) through a merit-based selection path. Her achievement is complemented by a full tuition subsidy, overcoming significant economic hardship and limited educational background in her family. Her story highlights the power of perseverance and parental support in breaking the cycle of poverty through higher education.

US Congressman Ready to Support Halt to Military Aid for Israel

A progressive US congressman has announced he will back an amendment to stop American taxpayer funds from financing military aid to Israel, accusing its government of war crimes in Gaza. The proposed amendment, part of a broader budget bill, seeks to cut $3.3 billion in annual military assistance. The move highlights growing dissent within the Democratic Party over unconditional support for Israel's military operations.

KPK Seals Office of Kuantan Singingi Regent Suhardiman Amby

The Corruption Eradication Commission (KPK) has sealed several offices within the Kuantan Singingi Regency administration in Riau, including that of Regent Suhardiman Amby. The action occurred amidst reports of an ongoing KPK operation in the area, though no official statement has been released regarding the nature of the investigation. Authorities were also observed at the official residence of the Regional Secretary, with police restricting access to certain areas.

Academic: Climate Change a Multidimensional Challenge to Food Security

An academic from the University of Sumatera Utara has warned that climate change poses a multidimensional threat to food security, ecosystem sustainability, and environmental services. Professor Arida Susilowati highlighted that extreme weather and ecosystem degradation are disrupting agricultural productivity and threatening food supply stability. She called for nature-based solutions and strengthened transdisciplinary research to address these interconnected challenges.

Papua Pegunungan focuses special autonomy funds on Papuan economy

The Papua Pegunungan provincial government will prioritise economic empowerment for Indigenous Papuans using its special autonomy funds, despite a roughly 50 percent budget cut to Rp500.53 billion for 2026. Business capital and assistance programmes will continue across all eight districts, while new infrastructure projects have been suspended to focus on completing ongoing works. The administration remains committed to maintaining welfare and community empowerment initiatives within the reduced allocation.

Kadin: Some Businesses Expand, but Many Remain Under Pressure

The Indonesian Chamber of Commerce and Industry (Kadin) acknowledges that while certain sectors like mineral processing and data centres are expanding, labour-intensive industries continue to face significant headwinds. Kadin emphasised the need for comprehensive analysis beyond positive investment indicators to ensure growth translates into broad job creation. The statement follows Coordinating Minister Airlangga Hartarto's optimistic remarks about business expansion driven by strong first-quarter investment realisation.

Pertamina NRE Chief Unveils Three Strategies to Develop Green Fuels

PT Pertamina New and Renewable Energy (NRE) has outlined a three-pronged strategy to advance domestic green fuel production. The approach aims to bolster Indonesia's energy independence while making renewable energy costs more competitive. The strategies involve diversifying feedstocks, developing next-generation technologies, and building production facilities across multiple regions.

400 workers deployed to build modern shrimp farm in East Sumba

State-owned construction firm PT Adhi Karya has mobilised 400 workers and 300 heavy equipment units to accelerate the development of an integrated modern shrimp farming estate in East Sumba, East Nusa Tenggara. The project, valued at approximately Rp7.2 trillion and spanning over 2,000 hectares, is targeted to commence operations in 2027. The initiative is expected to boost national shrimp production, create employment, and stimulate economic growth in the region.

OJK Reaffirms Sustainable Finance Commitment at International Forum

Indonesia's Financial Services Authority (OJK) has reiterated its commitment to strengthening sustainable finance and the carbon economic value programme at a series of international forums in London. The OJK emphasised the need for a credible, transparent financing ecosystem to support the transition of high-emission sectors and attract global investment. The authority is also developing new regulations and innovative platforms like Satu Karsa to direct capital towards green and transition projects.

Supporters and Ojol Drivers Give Yellow Roses to Nadiem Makarim Ahead of Verdict

Supporters and online motorcycle taxi drivers presented yellow roses to former Education Minister Nadiem Makarim as he arrived for his corruption verdict hearing at the Jakarta Corruption Court. Makarim, who appeared emotional, faces charges of causing state losses of Rp2.18 trillion in a laptop procurement scheme. Prosecutors have demanded an 18-year prison sentence and Rp5.67 trillion in restitution.

OJK Commits to Strengthening Sustainable Finance and Carbon Economy

Indonesia's Financial Services Authority (OJK) has reaffirmed its commitment to advancing sustainable finance and implementing the carbon economic value programme during London Climate Action Week 2026. The authority is developing new regulations, including a revised sustainable finance rule and an updated carbon trading regulation, to build a credible market mechanism for transition financing. OJK also promoted its 'Satu Karsa' blended finance platform to attract global investment into nature-based carbon projects.

DPRD Jatim Siapkan Perda Tata Niaga Telur untuk Atasi Oversupply hingga Evaluasi Sistem OSS

Komisi B DPRD Jawa Timur tengah menyusun Peraturan Daerah tentang Tata Niaga Telur untuk mengatasi kelebihan pasokan yang menekan harga di tingkat peternak. Regulasi ini akan mengatur ekosistem produksi dari hulu ke hilir, termasuk pengendalian pembibitan dan pabrik pakan, serta mendorong pendataan akurat untuk menyeimbangkan produksi dan konsumsi. DPRD juga menyoroti perlunya evaluasi sistem perizinan OSS yang dinilai memicu oversupply karena tidak membatasi kuota produksi, serta mendesak optimalisasi program penyerapan telur lokal oleh Satuan Pelayanan Pemenuhan Gizi.

Thailand and Cambodia Turn to UN Mechanism to Resolve Maritime Oil and Gas Dispute

Thailand and Cambodia are utilising a rarely used United Nations conciliation mechanism to settle a decades-long maritime boundary dispute in the Gulf of Thailand. The contested area is estimated to hold oil and gas reserves worth approximately 300 billion US dollars. The process, which follows Cambodia's activation of mandatory conciliation under UNCLOS, could provide a pathway to an agreement despite heightened political tensions and recent armed border clashes.