Indonesian Political, Business & Finance News

Archive: 30 June 2026

Showing 1,401-1,450 of 1,554 articles

BP BUMN Reports Telkom Revenue Reaches Rp62.36 Trillion Through May 2026

Indonesia's State-Owned Enterprise Supervisory Board (BP BUMN) reported that PT Telkom Indonesia recorded revenue of Rp62.36 trillion through May 2026, driven by rising demand for data and digital connectivity services. The announcement follows a strategic meeting between BP BUMN Chief Dony Oskaria and Telkom's board to discuss accelerating digital transformation and optimising the company's business portfolio. The initiative is part of broader efforts to strengthen the national digital ecosystem and support sustainable economic growth.

Hermanto Tanoko's DEPO Replaces CEO and President Commissioner

PT Caturkarda Depo Bangunan Tbk (DEPO), a company owned by tycoon Hermanto Tanoko, has announced a major leadership reshuffle effective 1 July 2026. Henryanto Komala was appointed as the new President Director and Kambiyanto Kettin as President Commissioner following the annual shareholders' meeting. The company also declared a cash dividend of Rp1.5 per share, totalling Rp10.2 billion, from its 2025 net profit of Rp77 billion.

Human Rights Minister: No Restorative Justice for Taufik Hidayat

Human Rights Minister Natalius Pigai has demanded the full weight of the law be applied to Taufik Hidayat, the perpetrator of a brutal confinement and torture case in Bandung, ruling out any form of restorative justice. Pigai emphasised that the state must ensure justice for the victim and her family, highlighting the case's broader impact on public fear, particularly among women. The suspect was arrested after allegedly holding a 29-year-old woman captive and torturing her for approximately three years.

LPDP Assures Scholarship Funds Are Safe, Unaffected by Budget Efficiency Measures

The Indonesia Endowment Fund for Education (LPDP) has confirmed that its scholarship programmes will continue in full, unaffected by the government's budget efficiency policy. Cost-cutting measures are strictly limited to the institution's operational expenses, with scholarship funds remaining the top priority. The agency is also working to optimise investment returns and expand co-funding schemes to reach more recipients.

BNPB Confirms No Fatalities in Forest and Land Fires Across Aceh, West Java, and Central Java

The National Disaster Management Agency (BNPB) has confirmed that recent forest and land fires in Aceh, West Java, and Central Java resulted in no loss of life. The fires, which scorched several hectares of land, were successfully contained by joint task forces comprising regional disaster agencies, the military, police, and volunteers. Investigations are ongoing into the causes, with one incident in Aceh attributed to waste burning by residents.

JCI Plunges at Start of Week, Foreign Investors Offload These 10 Stocks

The Jakarta Composite Index (IHSG) fell sharply by 1.28% to 5,820.79 at the start of the final week of June, with foreign investors recording a net sell of Rp881.58 billion. Banking heavyweights led the sell-off, with Bank Central Asia (BBCA) alone accounting for over Rp423 billion in foreign outflows.

Seven Arrested After Three Employees Held Captive for 21 Days in Central Jakarta

Police have arrested seven individuals, including the owner of a printing business, after three employees were unlawfully confined, shackled, and tortured for 21 days in Senen, Central Jakarta. The victims were accused of stealing printing plates worth Rp 230 million and were forced to pay ransom for their release. Authorities are providing physical and psychological recovery support for the victims, who were denied food during their captivity.

Welcoming the 80th Bhayangkara Day, Police Distribute Social Aid in Cikeas Udik, Bogor

The Indonesian National Police (Polri) distributed 500 basic food packages to residents of Cikeas Udik, Bogor, as part of a series of social actions leading up to the 80th Bhayangkara Day. The initiative, led by the Traffic Corps, aims to strengthen ties with the community and provide direct assistance to those in need. The police have so far distributed 15,000 aid packages across the Greater Jakarta area, targeting vulnerable groups including fire victims, online drivers, and street vendors.

Bisnis-27 Index Closes Lower, but ADRO, ICBP, JPFA Shares Remain Resilient

The Bisnis-27 index fell 1.75% to 397.41 on Monday, with 19 of its 27 constituents declining. Despite the broader downturn, shares of Alamtri Resources Indonesia, Japfa Comfeed, and Indofood CBP posted gains. Analysts expect the benchmark IHSG to remain in a medium-term downtrend, consolidating between 5,500 and 6,400, as investors await key macroeconomic data and the impact of a newly launched Rp26.34 trillion stimulus package.

DPR Holds Coordination Meeting with BGN, Dasco Ensures Strict Oversight of Free Nutritious Meals Programme

The House of Representatives (DPR) has held a coordination meeting with the National Nutrition Agency (BGN) to discuss the implementation of the Free Nutritious Meals (MBG) programme. Deputy Speaker Sufmi Dasco Ahmad stated the programme aims to prevent malnutrition, reduce stunting, and improve educational focus by ensuring children are well-fed. He affirmed that the DPR will rigorously oversee and support the programme to ensure it benefits the Indonesian public.

Popular: National Internship Programme offers salaries up to Rp6 million, online job fair held

A roundup of key news includes the government's National Internship Programme (PMN) 2026 offering monthly salaries between Rp3.5 million and Rp6 million. Other highlights feature an investigation into 60,000 prospective students withdrawing from a state university selection process and the placement of Rp281 trillion in state funds with state-owned banks.

Khamenei Orders Iranian Judiciary to Pursue Alleged Crimes by US and Israel

Iran's Supreme Leader has directed the judiciary to seek legal redress for alleged crimes committed by the United States and Israel against the Iranian people. Ayatollah Khamenei emphasised the need to restore the rights of citizens affected by physical, material, and psychological harm through domestic and international courts. The head of Iran's judiciary has pledged full and swift implementation of the directive.

Humaniora highlights: Family Day, food safety in local languages, and university admissions

The government has called on families to keep communication alive at the dinner table to mark National Family Day, warning against the isolating effects of technology. Meanwhile, the Culture Minister promoted the use of regional languages for food safety education, and the Agriculture Ministry reaffirmed its commitment to ending food imports. In education, authorities are investigating the withdrawal of 60,000 prospective students from a national selection process, while results for the western region's independent university entrance exam are set to be released.

Police dismantle prescription drug ring operating behind coffee shop front in Bekasi

The Jakarta Metropolitan Police have uncovered a prescription drug trafficking operation disguised as a roadside coffee shop in Bekasi, West Java. A 26-year-old man was arrested and 693 pills, including Tramadol and Hexymer, were seized. The operation was triggered by local residents' suspicions about illicit transactions at the premises.

Preserving Sago as Papuan Identity and Local Food Security

The shrinking of sago forests in Papua due to land conversion threatens not only local food security but also the cultural identity of indigenous communities. Sago is deeply intertwined with the social, economic, and ritual life of the Papuan people, representing centuries of inherited traditional knowledge. Experts call for urgent protective measures, including halting uncontrolled land conversion and strengthening cultural education for younger generations.

Indonesian Labour Party Plagued by Lack of Class Consciousness and Oligarchic Co-optation

The Indonesian Labour Party faces internal turmoil after its Secretary General and 1.3 million members resigned, citing a divergence in the party's direction following its president's appointment as a presidential advisor. Analysts argue the party's historical electoral failures stem from the depoliticisation of workers, a lack of class consciousness, and vulnerability to co-optation by oligarchic elites. The party's narrow professional base and absence of charismatic leadership further hinder its political viability.

DPR Reveals Military Training Costs Rp 30 Million Per Person for Kopdes Programme

A member of Indonesia's House of Representatives has disclosed that military-style training for prospective village cooperative managers costs approximately Rp 30 million per participant. The legislator argues that removing this component would not only make the programme more relevant but also save the state up to Rp 1.06 trillion. The government currently mandates such training for the Sarjana Penggerak Pembangunan Indonesia (SPPI) programme.

Heatwave Hits Europe, Will It Happen in Indonesia?

As a severe heatwave grips Europe, causing over 1,300 excess deaths, Indonesia's Meteorology, Climatology and Geophysics Agency (BMKG) has clarified that the country is not experiencing a similar phenomenon. The agency attributes the current hot weather in Indonesia to seasonal factors and its tropical climate, which differs fundamentally from the conditions causing heatwaves in subtropical regions. The World Health Organization has called for urgent coordinated action to address the health crisis in Europe.

Israeli Defence Minister Disappointed Trump Links Lebanon War to Iran

Israeli Defence Minister Israel Katz has expressed disappointment over US President Donald Trump's insistence on linking the war in Lebanon to Iran during ceasefire discussions. Katz stated that Israel views the conflicts as separate, but acknowledged the American interest in using the Lebanon situation as leverage in potential negotiations with Tehran. The linkage complicates early talks, with Iran demanding a full Israeli withdrawal from Lebanon before any deal.

Purbaya Confirms Meikarta Land Grant of 30 Ha Will Not Burden State Budget

Finance Minister Purbaya Yudhi Sadewa has confirmed that a 30-hectare land grant in Meikarta from the Lippo Group will be transferred to the Indonesia Investment Authority (Danantara) as state equity participation without burdening the state budget. The land is intended to support the government's programme to build 3 million homes, with plans for 141,000 vertical housing units on the site. Officials emphasised the significant social impact the project will have, particularly for low-income families.

Yesterday's Headlines: Bekasi Truck Accident and Rejection of Pati Regent's Exception

A roundup of key legal news from Monday includes a fatal truck accident in Bekasi that killed one and injured nine, and a Semarang court's rejection of a legal challenge by the non-active Pati regent in a corruption case. Other stories cover a collaboration to combat tuberculosis in prisons, Danantara's plan to integrate whistleblower systems with the KPK, and a Constitutional Court ruling affirming direct regional elections.

IASC Intensifies Scam Eradication, Returns Rp169.3 Billion to Victims

Indonesia's Anti-Scam Centre (IASC) has blocked over 515,000 bank accounts linked to fraud and returned approximately Rp169.3 billion to victims since its formation in November 2024. The task force employs a co-location system with 17 banks and 5 payment providers to accelerate case handling. Authorities are also pushing to integrate financial literacy into the national education curriculum to address the gap between high financial inclusion and low literacy rates.

Surge in SOE Profits Proof of National Economic Transformation and Danantara's Effective Leadership

The transformation led by the Daya Anagata Nusantara Investment Management Agency (BPI Danantara) under CEO Rosan P. Roeslani is showing tangible results, with several state-owned enterprises (SOEs) reporting significant profit surges for the 2025 fiscal year. The Indonesian National Youth Committee (KNPI) has praised the achievement, stating it validates the restructuring and governance reforms implemented by Danantara. The improved performance is seen as a key indicator of enhanced productivity and competitiveness, promising greater state revenue and job creation.

BNPB: Drought in Central Java Under Maximum Handling

Indonesia's National Disaster Mitigation Agency (BNPB) has confirmed that emergency drought response efforts are being maximised across several regions in Central Java. Thousands of litres of clean water have been distributed to affected households in Banyumas, Boyolali, and Klaten regencies. The agency has urged local governments and residents to heighten vigilance, use water wisely, and avoid land burning during the dry season.

Verdict Hearing for Nadiem Makarim in Chromebook Corruption Case Held Today

Former Education Minister Nadiem Makarim faces a verdict hearing today at the Jakarta Corruption Court over a Rp2.18 trillion graft case involving the procurement of Chromebooks. Prosecutors have sought an 18-year prison sentence and Rp5.67 trillion in restitution for the alleged corruption. The case has drawn significant attention due to the scale of the losses and Makarim's high profile as a former minister and tech founder.

Indonesian Students at Egypt's Al-Azhar Offer Solutions to Five Demands of 'Indonesia Emergency' Protest

Indonesian students at Al-Azhar University in Cairo have responded to domestic protests under the 'Indonesia Emergency' banner by drafting policy recommendations instead of demonstrating. Their proposals, to be submitted to the Indonesian Embassy in Cairo, address budget efficiency, subsidy reform, and civil-military relations. The students advocate for refining rather than halting government programmes like the Free Nutritious Meal initiative.

Vice President Reminds Church Youth to Strengthen Harmony and Unity

Vice President Gibran Rakabuming has called on young people to bolster national harmony and unity as the bedrock of Indonesia's development. Speaking at a regional youth camp organised by the Indonesian Pentecostal Church in North Sulawesi, he stressed the importance of tolerance in the nation's diverse society. He also praised the church's role in providing spiritual guidance and character education to the younger generation.

Nadiem Makarim Faces Verdict in Chromebook Corruption Trial Today

Former Education Minister Nadiem Makarim is scheduled to receive a verdict in his corruption trial at the Jakarta Corruption Court on Tuesday. Prosecutors have demanded an 18-year prison sentence and Rp5.67 trillion in restitution for alleged irregularities in a school digitalisation project. The case involves the procurement of Chromebooks and management licences, which the prosecution claims caused state losses of Rp2.18 trillion.

China's New Generation of Workers Shipped Worldwide, America on Edge

Morgan Stanley has sharply raised its forecast for China's humanoid robot market, predicting shipments will nearly double to 50,000 units this year as the industry shifts rapidly from demonstration to commercialisation. The report highlights aggressive expansion by Chinese firms into global markets and extensive government support, while US policymakers express growing concern that Washington is falling behind in the global race to deploy artificial intelligence.

WHO Reports Alarming Death Toll as Extreme Heatwave Scorches Europe

The World Health Organization has recorded more than 1,300 excess deaths across Europe since 21 June due to an extreme heatwave. WHO Director-General Tedros Adhanom Ghebreyesus warned that the continent is the fastest-warming on Earth, with infrastructure ill-equipped to handle such temperatures. He urged European nations to implement heat-health action plans to strengthen preparedness and response.

GoCar Customers Now Charged Cancellation Fee, Drivers Receive Compensation

Gojek has introduced a Rp 3,000 cancellation fee for its GoCar ride-hailing service, applicable when customers cancel after a driver has travelled a certain distance or waited a specified time. The full fee is paid to the driver as compensation, with a first-time waiver offered to customers. The policy is being rolled out gradually across major Indonesian cities.

Safeguarding the Bureaucracy's Compass

The Surabaya city government's recent rotation of 57 officials highlights a shift towards a merit-based system, with performance evaluations every six months. The move signals an effort to build public trust through transparency and measurable outcomes, rather than political compromise. The success of such reforms ultimately depends on whether the changes tangibly improve public services.

Pregnant Japanese Mayor Criticised for Taking Maternity Leave, Accused of Prioritising Family

Shoko Kawata, the mayor of Yawata, has become the first sitting mayor in Japan to take maternity leave, a decision that has ignited a national debate on workplace and political discrimination against women. While many residents celebrated the news, others, particularly men, condemned her as irresponsible, highlighting the persistent challenge of 'matahara' or maternity harassment. The controversy underscores the low representation of women in Japanese politics, where fewer than four per cent of local government heads are female, despite the country having its first female prime minister.

China Blacklists 20 Japanese Firms Over Dual-Use Goods

China's Ministry of Commerce has added 20 Japanese companies and government institutions to its export control list, citing unverifiable end-use for dual-use goods. Beijing described the move as a lawful measure targeting a small number of entities to curb Japan's 'reckless neo-militarism'. Chinese firms are now barred from supplying goods or services to the listed entities without prior approval.

Jakarta Launches One-Stop Service to Streamline Film Production Ecosystem

The Jakarta provincial government has launched the Jakarta Film Commission (JFC), a one-stop service designed to bolster the capital's film industry and support its ambition to become an international cinema city. The initiative offers streamlined licensing, location access, and a 50 percent tax reduction on certain arts and entertainment services for national films. Operated by the Jakarta Experience Board, the platform aims to connect local and global producers with certified vendors while cutting bureaucratic red tape.

Former Acting South Sulawesi Governor Bahtiar Wins Pretrial, Corruption Suspect Status Revoked

A Makassar District Court judge has partially granted a pretrial motion filed by former Acting Governor of South Sulawesi, Bahtiar Baharuddin, declaring his suspect status in a pineapple seed procurement corruption case invalid. The ruling also deemed his detention by the South Sulawesi High Prosecutor's Office unlawful and without binding legal force. The decision effectively annuls the charges brought against him by the prosecution.

B50 Biodiesel Mandate Could Inflate Vehicle Maintenance Costs

The planned B50 biodiesel mandate in Indonesia may lead to higher vehicle maintenance costs, particularly for older diesel engines, according to an economist. While the policy is expected to boost the palm oil industry and reduce fuel imports, concerns remain over engine compatibility and the need for improved storage infrastructure.

Portrait of an Oil-Rich Nation in Fuel Crisis: Petrol Stations Close, Queues Snake On

Russia, the world's third-largest oil producer, is grappling with a severe fuel crisis affecting over ten regions, including Rostov-on-Don and Crimea. The shortages, marked by long queues and station closures, are attributed to reduced refinery output caused by Ukrainian strikes amid the ongoing conflict. The situation has driven retail fuel prices sharply higher, with some grades surpassing average US prices, creating a politically sensitive issue for the Kremlin.

State Revenue Set at 12.4% of GDP, Tax Strategy Outlined in Draft 2027 State Budget

The Indonesian government and parliament have provisionally agreed on the 2027 State Budget posture, targeting state revenue between 12.01% and 12.4% of GDP. The strategy focuses on boosting tax revenue through administrative reform, digital economy integration, and enhanced law enforcement. The plan also includes optimising non-tax revenue from natural resources and customs to support sustainable fiscal management.

PLN Batam and BP Batam Ready to Support AI Investment by Firmus Technologies, Batam Strengthens Position

PT PLN Batam and BP Batam have pledged full support for Australian AI infrastructure firm Firmus Technologies' plan to build its first Indonesian data centre in Batam, in partnership with DayOne. The investment, backed by Nvidia, reinforces Batam's status as a prime Southeast Asian hub for data centres and digital infrastructure. Officials highlighted the project's potential to create a new digital economy ecosystem, generate high-quality jobs, and position Batam as a gateway for future technology investment in Indonesia.

Mataram City Government Targets Rp 13.5 Billion in Revenue from 787 Parking Points

The Mataram city government is intensifying efforts to collect Rp 13.5 billion in parking retribution fees by the end of 2026, chasing a total target of Rp 18.5 billion. With only Rp 5 billion collected by June, the Transportation Department plans to enforce daily deposits from parking attendants and is considering future tariff increases. Officials attribute a recent revenue dip to public holidays and unpredictable weather.

SOE Restructuring Issue Drives Rupiah Strengthening to Rp 17,851 Level

The Indonesian rupiah strengthened towards the Rp 17,800 level against the US dollar, influenced by strategic plans to restructure state-owned enterprises. Market players are also anticipating key economic indicators, including trade balance and inflation data, to gauge the national economic outlook. The government's decision to decline an IMF aid offer further signalled confidence in the country's economic fundamentals.

Finance Minister Purbaya Reviews Tax on Old-Age Security Withdrawals

Finance Minister Purbaya Yudhi Sadewa has announced a review of the income tax policy on Old-Age Security (JHT) lump-sum withdrawals to ensure fairness for all participants. The government is comparing its regulations with international best practices and will investigate the profile of participants withdrawing amounts exceeding Rp50 million. The evaluation aims to prevent tax benefits from disproportionately favouring high-income earners.

Manpower Ministry Records Around 43,000 Layoffs up to June 2026

Indonesia's Manpower Ministry has recorded approximately 43,000 cases of termination of employment (PHK) as of June 2026. The government is closely monitoring the rising figures and preparing mitigation measures to curb further layoffs across various business sectors. Efforts are being focused on strengthening social dialogue between workers, companies, and the government to maintain industrial stability.

Government to Renovate 23,000 Homes for Welfare of Papuan Communities

The Indonesian central government has designated Papua as a priority region for its home renovation programme in the 2026 fiscal year, allocating a significant portion of the national budget to the effort. Nationwide, the target for the housing stimulus programme has surged from 45,000 units to 400,000 units, with Papua receiving an allocation of 23,000 homes. The initiative, mandated by President Prabowo Subianto, aims to accelerate equitable development and improve living standards, with construction scheduled to begin simultaneously in June 2026.

Toyota's global sales fall in May

Toyota Motor Corp. reported a 7.2% decline in global vehicle sales for May, marking the fourth consecutive month of contraction. While overseas markets, particularly China and the Middle East, experienced significant drops, domestic sales in Japan rose sharply, buoyed by strong demand for new models.

WhatsApp Introduces Username Feature, Users No Longer Need to Share Phone Numbers

WhatsApp is rolling out a new username feature to enhance user privacy, allowing communication without sharing personal phone numbers. The optional feature, announced by WhatsApp's Head of Product, will let users reserve their usernames starting this week ahead of a full launch later this year. The platform will not offer a username directory, and an optional username PIN will provide an additional layer of security.

Mount Lewotobi Laki-laki Erupts, Spews Volcanic Ash 1 Kilometre High

Mount Lewotobi Laki-laki in East Flores, East Nusa Tenggara, erupted on Tuesday morning, sending a thick column of grey ash 1,000 metres above its peak. The volcano remains at Level III (Siaga) alert status, with authorities warning residents and tourists to stay outside a five-kilometre exclusion zone. Officials have also cautioned about the risk of rain-induced lahars in several nearby villages and advised the use of masks to protect against respiratory hazards from ashfall.

Purbaya Confirms Meikarta's 30-Hectare Land as State Equity, Managed by Danantara

Finance Minister Purbaya Yudhi Sadewa has confirmed that a 30-hectare land grant from Lippo Group in Meikarta will be treated as state equity participation (PMN) and managed by the Danantara Investment Authority. The move is designed to support the government's 3 Million Homes programme without burdening the state budget. The government has pledged to accelerate the administrative process to encourage further private-sector contributions to national development.

Japan to Trial Pig-to-Human Kidney Transplants from 2028

Japanese biotech startup PorMedTec plans to begin clinical trials for transplanting genetically modified pig kidneys into humans at two Japanese hospitals in 2028. The initiative aims to address the severe shortage of donor organs in Japan, where over 300,000 people are on dialysis. The government has prioritised xenotransplantation in its public-private investment roadmap to develop domestic production capabilities.