Indonesian Political, Business & Finance News

Archive: 30 June 2026

Showing 1,351-1,400 of 1,554 articles

Indonesia's Renewable Energy Mix Reaches 18.3%

Indonesia's renewable energy mix has reached 18.3%, meeting the government's strategic plan target for the year. The Ministry of Energy and Mineral Resources aims to further increase this share to strengthen national energy resilience. Strategies include expanding biodiesel mandates, accelerating solar power plant construction, and promoting electric vehicles and cookers.

Thousands from Philippine sect protest senator's looming arrest

Thousands of Iglesia Ni Cristo members rallied in Manila to protest the impending graft charges against Senator Rodante Marcoleta, a key ally of impeached Vice President Sara Duterte. The protest snarled traffic across the capital as the sect demanded an end to what it called selective justice, highlighting the political tensions ahead of Duterte's Senate trial. The case against Marcoleta involves undeclared campaign funds and is seen as part of a broader crackdown on Duterte's political allies.

IHSG Today 30 June 2026: Falls Again to 5,801 Level

The Jakarta Composite Index (IHSG) opened lower on Tuesday morning, dropping 0.33% to 5,801.45 amid global and domestic market fluctuations. The LQ45 index of blue-chip stocks also declined, falling 0.70% to 568.99. Analysts suggest the market's direction will depend on domestic economic data releases and regional sentiment, while separate reports note eight companies are in the IPO pipeline and carbon trading is expected to create new business opportunities.

Family Reveals Why YTR Did Not Escape During Alleged Three-Year Confinement

The family of YTR, an alleged confinement and abuse victim in Bandung, has explained why she did not flee or cry for help during her three-year ordeal. They stated that severe injuries sustained from repeated resistance left her physically unable to escape. The victim had previously reported that impaired vision and fear of further torture prevented her from seeking assistance.

Rupiah Exchange Rate and the High Price of Trust

The rupiah's fall past the psychological level of Rp18,000 per US dollar reflects more than external pressures; it signals a deeper crisis of market confidence in Indonesia's policy direction and institutional credibility. Nobel laureates like Kenneth Arrow and economic theorists such as Robert Lucas have long argued that trust is a critical economic asset, with markets reacting to expectations of the future rather than just current indicators. The article argues that credible and consistent policy communication is now an essential instrument for restoring faith and stabilising the economy.

Purbaya to Bypass Rigid Rules, Officials Who Resist Will Be Sacked

Finance Minister Purbaya Yudhi Sadewa has pledged to bypass rigid internal regulations to provide tax incentives for businesses supporting national priority agendas. He warned that officials obstructing the process would be dismissed. The initiative includes facilitating a 30-hectare land grant from Lippo Group in Meikarta to support the government's 3 Million Homes programme.

Riau Police Chief Mourns Death of Captain Indro, Elephant Guardian of Tesso Nilo

A Sumatran elephant named Indro, a key member of the Elephant Flying Squad at Tesso Nilo National Park in Riau, has died at the age of 45. The elephant, known as 'Captain' Indro, passed away due to health complications following a musth phase. Riau Police Chief Inspector General Herry Heryawan expressed his condolences, highlighting Indro's decades of service in mitigating human-wildlife conflict.

Rupiah Opens Slightly Weaker, US Dollar Rises to Rp17,850 This Morning

The Indonesian rupiah opened marginally weaker against the US dollar on Tuesday morning, reversing the previous day's gains. Easing geopolitical tensions in the Strait of Hormuz had reduced safe-haven demand for the greenback, but market focus remains on upcoming US employment data and the Federal Reserve's interest rate trajectory. Domestically, the government has affirmed that the state budget deficit remains under control.

JCI Plunges Over 1% at Open, Falls Back to 5,700 Level

The Jakarta Composite Index (JCI) extended its losing streak on Tuesday, opening sharply lower and breaching the psychological level of 5,700. The decline occurred despite broadly positive sentiment in other Asian markets, as investors weighed domestic fiscal coordination efforts against lingering global geopolitical uncertainties. Market participants are also cautious ahead of the release of US jobs data, which could influence the Federal Reserve's monetary policy stance.

Bangka Regency Poised to Receive Rp457 Billion in Tin Royalty Revenue Sharing

Bangka Regency is set to receive the largest share of tin royalty revenue sharing funds in the Bangka Belitung Islands Province, with an allocation of Rp457 billion for 2026. The funds, confirmed by the regent based on a ministerial decree, are expected to significantly boost local development across infrastructure, education, and health sectors. The total mineral and coal revenue sharing allocation for the province exceeds Rp1.3 trillion.

A Week In, No Applicants for NTB Broadcasting Commission Selection

The registration period for the West Nusa Tenggara (NTB) Regional Indonesian Broadcasting Commission (KPID) commissioners for the 2026-2029 term has been open for a week, yet no formal applications have been received. The selection committee chair attributes the slow start to candidates still preparing extensive administrative requirements, including police clearance and community support letters. He has guaranteed a transparent and merit-based process, free from political interference, ahead of the 21 July deadline.

Minister Maruarar Sirait Directs Urban Housing Towards Vertical Development

Minister of Housing and Settlement Areas Maruarar Sirait has announced a policy shift towards vertical housing in urban areas to address land scarcity, following a directive from President Prabowo Subianto. The move aims to tackle a national home ownership backlog of 9.6 million units, as recorded by the 2025 National Socio-Economic Survey. The Ministry of Agrarian Affairs and Spatial Planning has identified over 129,000 hectares of potential land across Indonesia to support the construction of flats and satellite cities.

Oman Rejects Strait of Hormuz Toll but Considers Maritime Safety Fees

Oman has rejected the idea of imposing transit tolls on vessels passing through the Strait of Hormuz but remains open to charging for specific maritime safety services. Foreign Minister Badr Albusaidi emphasised Muscat's commitment to keeping the strategic waterway open and secure, while suggesting services like navigational safety and pollution response could be offered, similar to arrangements in the Malacca Strait. The stance comes amid Iranian proposals for a new legal framework for shipping in the strait following US-Israeli strikes.

Manpower Ministry Strengthens Job Loss Insurance Programme for Laid-Off Workers

Indonesia's Ministry of Manpower is enhancing its Job Loss Insurance (JKP) programme to better support workers affected by layoffs. The initiative provides cash benefits, skills training, and job placement services to ease the transition back into employment. The ministry is also coordinating with other agencies to offer entrepreneurship training for those wishing to start their own businesses.

Official Download Link for the 81st Indonesian Independence Day Logo 2026 and Usage Guide

The Indonesian government has officially released the logo for the 81st Independence Day anniversary, designed by Fajar Novario, which won a public poll with 44.73 percent of the vote. The logo's design reflects the principle of popular sovereignty, drawing inspiration from the diverse traditional motifs found across the archipelago. Official download links for the logo in various formats and a comprehensive visual usage guide have been made available to the public.

IDX Tightly Monitors NSSS Share Trading Over Unusual Transaction Patterns

The Indonesia Stock Exchange (IDX) is closely scrutinising the trading of PT Nusantara Sawit Sejahtera Tbk (NSSS) shares after detecting unusual market activity. The bourse emphasised that the monitoring is a protective measure for investors and does not automatically indicate a violation of capital market regulations. Investors have been urged to review the company's performance, disclosures, and pending corporate actions before making investment decisions.

Asian Markets Rise, Tracking Wall Street's Record-Breaking Rally

Asia-Pacific stock markets opened mostly higher on Tuesday, buoyed by a record-setting session on Wall Street. Investor sentiment improved following a de-escalation of tensions between the United States and Iran, which included an agreement to reopen commercial shipping lanes through the Strait of Hormuz. The rally was also supported by strong corporate earnings, with the Dow Jones Industrial Average closing above 52,000 for the first time.

Children more vulnerable to severe malaria, experts explain

Medical experts from India have highlighted why children are disproportionately susceptible to severe malaria, citing their smaller bodily reserves and developing immune systems. The rapid multiplication of parasites in children can lead to significant drops in red blood cells, breathing difficulties, and potentially fatal cerebral malaria. Early diagnosis and preventive measures such as insecticide-treated nets are deemed crucial to protecting young children from severe complications.

Officially in Effect! LNG Gas Price Drops to US$13 per MMBTU

The Indonesian government has officially reduced the price of liquefied natural gas (LNG) for industry from US$23 to US$13 per MMBTU, effective immediately. The price cut was achieved by trimming margins across the entire gas supply chain to ease the burden on manufacturers and prevent layoffs. The intervention specifically targets productive downstream industries, while LNG pricing for power plants remains unchanged.

OJK Prepares Special Education Platform for Financial Influencers

Indonesia's Financial Services Authority (OJK) is developing a Learning Management System (LMS) to equip financial influencers with proper basic knowledge of financial products and services. The initiative aims to prevent the spread of misleading information and requires content creators to be transparent about sponsorships and potential conflicts of interest. The regulator hopes this will foster a healthier and more accountable digital financial literacy ecosystem.

OJK Investigates Alleged Fraudulent Investment Scheme in Purwokerto

The Financial Services Authority (OJK) in Purwokerto is investigating a suspected fraudulent investment scheme involving a former Bank Mandiri Taspen employee. The case, which allegedly defrauded hundreds of pensioners, is being examined alongside a police investigation. The OJK has opened a complaints post for victims and is reviewing whether credit procedures were violated.

Yogyakarta DPRD Joins Calls to Halt 'Red and White' Cooperative Manager Training After Five Deaths

The Yogyakarta Regional House of Representatives (DPRD DIY) has urged the central government to suspend a national training programme for village cooperative managers following the deaths of five participants. The fatalities occurred during the Sarjana Penggerak Pembangunan Indonesia (SPPI) programme, which was preparing managers for the Red and White Village Cooperatives (Koperasi Desa Merah Putih). Commission A Chairman Eko Suwanto called for a comprehensive evaluation of recruitment, training methods, and health protocols, describing the incident as a serious warning for the government's strategic initiatives.

Research: Hezbollah's Explosive Drones Could Cripple Israel's Defence Systems

A new study warns that Hezbollah's low-cost explosive drones pose a critical and growing threat to Israel's military, potentially overwhelming existing air defence systems. The research, conducted by an Israeli counter-terrorism institute, highlights the drones' ability to evade detection and electronic jamming, particularly through the use of fibre-optic cables. It calls for an urgent and fundamental shift in Israel's defensive strategy to counter this evolving danger on its northern border.

Ultra Micro Loan Interest Rate Cut to 8% Awaits Finance Minister Regulation

Coordinating Minister for Economic Affairs Airlangga Hartarto has announced that the reduction of ultra micro loan interest rates to 8% is pending a Finance Minister Regulation. The policy targets women entrepreneurs under the PNM Mekaar programme with a credit ceiling below Rp 15 million. The government has allocated between Rp 18 trillion and Rp 25 trillion to subsidise the rate cut from the current 18-25% range.

Pertamina Launches CID Programme to Strengthen Local Community Self-Reliance

State-owned energy firm PT Pertamina, through its subsidiary Pertamina Patra Niaga, has introduced a Community Involvement and Development (CID) programme aimed at fostering sustainable local economic growth. The initiative supports diverse projects across Indonesia, from creative villages in South Sumatra to horticulture in Maluku and shrimp farming in Aceh. The programme focuses on empowering communities to become key drivers of their own regional development.

Public Reminded to Cultivate Habit of Verifying Digital Asset Information

A crypto trading practitioner has urged the public to independently verify information before making decisions about digital assets, as threat patterns shift from system exploitation to psychological manipulation. The rise of artificial intelligence has made scams more convincing, employing deepfakes, fake advertisements, and impersonation of official customer support. Building 'cyber hygiene' through verification habits and digital literacy is deemed essential to strengthen user protection.

Banten Police Foil Drug Trafficking, Seize 195 Etomidate Cartridges

The Banten Regional Police's Narcotics Directorate has intercepted a shipment of the newly classified narcotic etomidate, disguised within electric vape cartridges. A suspect identified as ZM was arrested in Serang after receiving a package from Medan, leading to the seizure of 195 cartridges with an estimated street value of nearly IDR 1 billion. Authorities are now investigating the broader network, suspecting the drugs were smuggled from abroad and distributed using courier services to evade detection.

Father's Testimony on Alleged Intimidation of Doctor Icha Before Suicide

The father of a young doctor who died by suicide in Kupang has detailed alleged intimidation by three regional legislators. Dr Eliza Princila Utami Pakaenoni, 27, was reportedly berated and threatened while treating a snakebite patient who was a relative of one of the politicians. The family is calling for transparent legal action and better protections for medical staff.

61 Government Spending Programmes for 2027: From Free Nutritious Meals to National Car Development

The Indonesian government and parliament have agreed on 61 priority programmes forming the basis of the 2027 state budget calculations. These programmes are grouped into eight national priority clusters, including food sovereignty, energy independence, and industrial downstreaming. Key initiatives include the Free Nutritious Meals programme, development of a national car, and a massive 100 GW solar power project.

BUMI Divests Stake in Citra Palu Mineral to BMRS

PT Bumi Resources Tbk (BUMI) has sold its 3.03% stake in PT Citra Palu Mineral to its subsidiary, PT Bumi Resources Minerals Tbk (BMRS), for US$9.06 million. The divestment is part of the company's strategic transition and diversification agenda, allowing it to reallocate capital towards near-term growth initiatives. BUMI will retain indirect exposure to the asset through its shareholding in BRMS.

After Tensions Flare, Donald Trump Announces US and Iran to Hold New Talks in Qatar

President Donald Trump has announced that the United States and Iran will hold new negotiations in Doha, Qatar, following a weekend of heightened military tensions in the Middle East. The talks, confirmed by White House officials, aim to discuss a draft peace agreement and ensure safe passage for commercial vessels through the strategic Strait of Hormuz. The announcement comes after a series of mutual attacks between the two nations, which had threatened to escalate into a broader conflict.

Sucor Sekuritas Strengthens Investment Literacy with Belimbing Stocks and RATU

PT Sucor Sekuritas hosted an educational investment session with the Belimbing Stocks community and energy issuer PT Raharja Energi Cepu Tbk (RATU) amid a weakening Indonesian stock market. The event featured fundamental analysis training and a presentation from RATU's management on its recent acquisition and financial performance. The initiative aims to build a healthier investment ecosystem based on strong fundamental analysis during volatile market conditions.

Minister of Public Works: Presidential Instruction on Irrigation Ensures Equitable Water Supply for Farmland

Minister of Public Works Dody Hanggodo stated that Presidential Instruction No. 2 of 2025 guarantees a more equitable water supply for agricultural land. The rehabilitation of secondary irrigation networks in Bogor Regency has increased the planting index to 300, allowing farmers to harvest up to three times a year. The initiative is part of the government's commitment to bolstering national food security and supporting local economic growth.

Gold Prices at Pegadaian Galeri 24, UBS, and Antam All Slump Today

The purchase price of gold bullion sold through Pegadaian's Galeri 24 weakened across all major brands on Tuesday. One-gram bars from Galeri 24, Antam, and UBS all recorded declines compared to the previous trading day. The drop reflects a broad-based retreat in the domestic precious metals market.

Turkey Under Erdogan: NATO's Second Largest Military Power and a Global Defence Industry Player

Turkey is transitioning from a traditional NATO bulwark into a major global defence manufacturing hub under President Erdogan. Driven by state investment and geopolitical shifts, Turkish defence exports have surged, with the country now claiming a dominant share of the global armed drone market. Its ability to offer combat-tested, cost-effective, and rapidly deliverable systems is reshaping procurement patterns in Europe and beyond.

Child Dies After Falling into Futsal Court Construction Hole in South Jakarta

A four-year-old boy died after falling into a 3.7-metre-deep hole at a futsal court construction site in Tebet, South Jakarta. The child was trapped for approximately four hours before a dramatic evacuation involving excavators. Police are investigating the incident and have handed the case over to the South Jakarta Police Criminal Investigation Unit.

Cikampek Toll Road Implements 5-Kilometre Contraflow for Repairs

A 5-kilometre contraflow system has been activated on the Jakarta-Cikampek Toll Road to manage traffic congestion caused by ongoing road maintenance. The measure, implemented at the discretion of the police, spans from Km 23 to Km 28 heading towards Cikampek. The toll operator has apologised for the disruption and urged motorists to prioritise safety.

Revealed: 8 Companies in the IPO Pipeline at the Indonesia Stock Exchange

The Indonesia Stock Exchange (BEI) has disclosed that eight companies are currently in the pipeline for an initial public offering (IPO). The prospective issuers span the critical and non-critical consumer goods, healthcare, and infrastructure sectors. Six of these companies, including a firm owned by celebrity Raffi Ahmad, are scheduled to list in July 2026.

APKESMI Encourages Early Detection of Anaemia and Stunting Through Community Health Centres

The Indonesian Community Health Centre Acceleration Agency (APKESMI) has launched a new programme to strengthen the role of primary care in preventing anaemia and stunting. The initiative, introduced on National Family Day, aims to tackle the country's 19.8% stunting prevalence through structured screening, education, and intervention. The programme involves collaboration with the government, academics, and the private sector, including Danone Indonesia, which developed a digital iron calculator for early detection.

Iran Launches Drone Attack on Bahrain, Strikes Residential Building

Iran launched drone and missile strikes targeting US military sites in Kuwait and Bahrain, with one drone hitting a residential apartment building in Muharraq. The attack occurred shortly after US President Donald Trump threatened to eliminate Iran's leadership if it failed to comply with a temporary peace agreement. Bahrain has called for an emergency UN Security Council session to hold Iran accountable for the assault.

Only Two Ships Serve Electric Cars on Kayangan-Poto Tano Route, NTB Asks for Rule Change

The West Nusa Tenggara provincial government is urging the Ministry of Transportation to relax strict regulations that limit electric vehicle crossings on the Kayangan-Poto Tano ferry route. Currently, only two vessels with open car decks are permitted to transport EVs, each carrying a maximum of two per trip. The local administration warns the restrictions are disrupting mobility and has also requested the installation of public charging stations at ferry terminals.

HUT ke-25, Investor Daily Gelar Investor Day

Investor Daily held its Investor Day 2026 forum at the Indonesia Stock Exchange, marking its 25th anniversary and focusing on capital market transformation and sustainable economic growth. The event convened regulators, industry players, and government officials to discuss unlocking the capital market for sustainable development and green financing strategies. The forum underscores the media outlet's role in facilitating strategic dialogue on national economic development amid global dynamics.

Oman Rejects Toll on Hormuz Strait, Considers Safety Tariffs

Oman has rejected the idea of imposing transit tolls on ships passing through the Strait of Hormuz but remains open to introducing fees for maritime safety services. The Omani foreign minister emphasised the need to keep the strategic waterway open for global trade while exploring charges similar to those in the Malacca Strait for navigation safety and pollution control.

Wakil Ketua DPRD Sulbar Apresiasi SAQBE Forum 2026 untuk Perluas Akses Pasar Produk Unggulan

Wakil Ketua DPRD Sulawesi Barat, St. Suraidah Suhardi, mengapresiasi penyelenggaraan SAQBE Forum 2026 oleh Bank Indonesia sebagai langkah strategis untuk mempertemukan pelaku usaha dengan investor dan pembeli. Forum ini dinilai penting untuk memperluas akses pasar produk unggulan daerah, baik di tingkat nasional maupun internasional. Dukungan ini diharapkan dapat mendorong peningkatan daya saing produk lokal dan memperkuat pertumbuhan ekonomi Sulawesi Barat.

Indonesia's AI Technology to Monitor Solar 'Deliveries' Before They Reach Earth

Indonesia's National Research and Innovation Agency (BRIN) has developed an artificial intelligence system to predict coronal mass ejections from the Sun. The hybrid model combines physics with machine learning to forecast the arrival time of solar storms, achieving a competitive error margin of around 8.7 hours. This innovation aims to provide early warnings to protect satellite operations, communications, and critical infrastructure.

Foreign Investors Caught Quietly Snapping Up These 10 Stocks Amid JCI Decline

The Jakarta Composite Index (JCI) extended its losses on Monday, falling 1.28% to 5,820.79, while foreign investors recorded a net sell of Rp881.58 billion. Despite the overall selling pressure, overseas buyers quietly accumulated shares in 10 specific companies. Notable purchases included Dian Swastatika Sentosa, Perusahaan Gas Negara, and Aneka Tambang.

PU Minister: Bogor's 'Sekolah Rakyat' ready to become modern education zone

The Ministry of Public Works has announced that the Sekolah Rakyat in Bogor Regency is nearing completion, with physical progress reaching 80.21 per cent. Designed as an integrated educational zone for 1,080 students from primary to senior high school, the facility is part of President Prabowo Subianto's Astacita vision to expand access to quality education. The government expects the campus, located in the Jasinga hills, to begin operating in July 2026 and to act as a catalyst for regional economic growth.

Initial Draft of 2027 State Budget: The Direction of Fuel and Electricity Subsidy Policy

The Indonesian government and parliament have outlined the initial subsidy framework for the 2027 State Budget, focusing on reforming fuel and electricity subsidies. Key measures include continuing fixed diesel subsidies, implementing targeted LPG distribution based on beneficiary data, and restricting electricity subsidies to poor and vulnerable households. The policy aims to improve targeting accuracy and transparency while maintaining the financial health of state-owned enterprises and protecting public purchasing power.

Public Works Ministry Builds Suspension Bridges to Boost Village Connectivity

The Ministry of Public Works is constructing four suspension bridges in Banten Province to improve mobility and economic activity in isolated rural areas. The bridges, ranging from 40 to 80 metres in length, are designed for pedestrians, motorcycles, and emergency ambulances. The project aims to shorten travel times, facilitate the distribution of agricultural produce, and improve access to public services.

Awaiting the Breakthrough of Andy Burnham, the Visionary Successor to Keir Starmer

As Sir Keir Starmer announces his resignation, attention turns to Andy Burnham, the Mayor of Greater Manchester, who is poised to become the next UK Prime Minister. Burnham contrasts sharply with Starmer's pragmatic approach by articulating a clear vision centred on radical devolution of power from Westminster. His immediate challenge will be to translate his ambitious rhetoric into concrete government action within a very short timeframe.