Indonesian Political, Business & Finance News

Archive: 3 June 2026

Showing 551-600 of 1,696 articles

PLX Asia Summit Introduces Southeast Asia's First Unified Private Label Platform

The PLX Asia summit has officially introduced Southeast Asia's first unified B2B platform dedicated to private label and contract manufacturing. Supported by the Thai Chamber of Commerce and Koelnmesse, the initiative aims to connect retailers and manufacturers to strengthen the region's manufacturing ecosystem ahead of its full-scale trade event in 2027.

KAI Retail Freight Grows 20.45% in Two Years, Strengthening Goods Distribution

PT Kereta Api Indonesia (Persero) has reported a significant increase in retail freight volume, reaching 101,652 tonnes between January and May 2026. This growth is expected to bolster national logistics efficiency and support the government's target to reduce national logistics costs to 12% of GDP by 2029.

Reasons Why Death Toll of Indonesian Pilgrims Dropped Drastically During 2026 Hajj Season

The Deputy Minister of Hajj and Umrah, Dahnil Anzar Simanjuntak, reported a significant decrease in fatalities among Indonesian pilgrims during the 2026 Hajj season. This decline is attributed to stricter health eligibility requirements implemented by the Indonesian government prior to departure.

KPK Pursues Deputy Minister of Immigration and Correctional Services Silmy Karim Following West Jakarta Sting

The Corruption Eradication Commission (KPK) is currently searching for Deputy Minister Silmy Karim following a sting operation in West Jakarta. The operation, which involves irregularities in foreign national residency permits, has already led to the detention of several individuals, including the Head of the West Jakarta Immigration Office.

KSP Proposes Budget Separation from State Secretariat Ministry, Citing Reasons

The Chief of Staff to the President (KSP), Dudung Abdurachman, has requested that the agency's budget be separated from the Ministry of State Secretariat to ensure institutional independence. The proposal aims to address current funding limitations that hinder field operations and inter-ministerial coordination.

Glencore: ESG implementation is key to the competitiveness of Indonesia's nickel downstreaming

Global commodity giant Glencore has emphasised that integrating Environmental, Social, and Governance (ESG) standards is essential for Indonesia's nickel downstreaming to remain competitive in the global supply chain. As the world's largest nickel producer, Indonesia must prioritise sustainability and transparency to meet increasing international regulations, particularly within the electric vehicle battery market.

Purbaya: Indonesia's International Financial Centre Regulated under P2SK Bill

The Indonesian government and Parliament have reached an agreement on key points regarding the amendment to the Financial Sector Development and Strengthening Law (UU P2SK). The bill aims to establish an International Financial Centre in Bali, designed to attract foreign investment through global-standard incentives, including potential 0% tax rates.

Understanding 'Pig Butchering' Online Scams and How to Avoid Them

This article explores the rising phenomenon of 'pig butchering' scams, a sophisticated form of long-term investment fraud that combines romance scams with cryptocurrency manipulation. It provides essential guidance on identifying the psychological tactics used by perpetrators and offers practical steps for digital financial protection.

Dadan Hindayana Detained at Salemba Detention Centre After Named Corruption Suspect

The Attorney General's Office of Indonesia has named the former Head of the National Nutrition Agency, Dadan Hindayana, and two deputies as corruption suspects. The individuals have been detained at the Salemba Detention Centre as investigations continue into alleged irregularities within the Free Nutritious Meal programme.

KPK Pursues Deputy Minister of Immigration Silmy Karim Following Sting Operation in West Jakarta

The Corruption Eradication Commission (KPK) is currently searching for Deputy Minister of Immigration and Correctional Services, Silmy Karim, in connection with a recent sting operation in West Jakarta. The operation, which took place between 2-3 June 2026, involves allegations of irregularities in the processing of permits for foreign nationals.

Central Java Provincial Government Provides 231,724 Seats for State Senior High Schools in 2026 Admissions

The Central Java Provincial Government has announced an increase in student capacity for state SMA and SMK schools for the 2026 academic year. The capacity has risen to 231,724 seats, distributed across 6,442 study groups, as part of the upcoming student admission process.

Protection for Traffic Accident Victims Regulated in P2SK Bill

The Draft Law on the Development and Strengthening of the Financial Sector (P2SK) will include provisions for mandatory road traffic accident insurance. This measure aims to provide legal certainty and enhanced protection for citizens involved in road accidents.

Safeguarding the 'Hands' of Women: The Key to National Tea Sustainability

The Indonesian tea industry, particularly in West Java, faces significant challenges as export volumes decline. The sector must now navigate stricter international food safety standards and social welfare requirements to maintain its global competitiveness.

Germany Records Record Number of Discrimination Complaints in 2025

The Federal Anti-Discrimination Agency in Germany has reported a significant surge in consultation requests, reaching over 13,000 cases last year. Federal Commissioner Ferda Ataman is calling for urgent legislative reforms to strengthen legal protections and increase funding for anti-discrimination efforts.

PDIP Approves P2SK Law Revision, Aiming to Strengthen Financial System and Digital Era Response

The PDI Perjuangan faction of the Indonesian House of Representatives has expressed support for the revision of the Financial Sector Development and Strengthening (P2SK) Law. The amendment aims to address recent Constitutional Court rulings and provide legal certainty for emerging technologies such as blockchain and asset tokenisation.

New P2SK Bill Guarantees Legal Protection for Bank Indonesia Officials During Duty

The Indonesian government and Commission XI of the House of Representatives have agreed to include specific legal protections for Bank Indonesia officials in the revised P2SK Bill. The amendments also cover institutional improvements, including the delegation of legal representation and enhanced accountability for annual budgets.

Following BGN Office Raid, Attorney General's Office Detains Dadan Hindayana

The Attorney General's Office has detained the former Head of the National Nutrition Agency (BGN), Dadan Hindayana, following a raid on the agency's headquarters. Two other former officials, Lodewyk Pusung and Sony Sonjaya, were also taken into custody following their recent dismissal by President Prabowo Subianto.

Dadan and Others Named Suspects and Detained in Free Nutritious Meal Programme Corruption Case

The Attorney General's Office has named the Head and two Deputy Heads of the National Nutrition Agency as suspects in a corruption investigation. The case involves the management of the Free Nutritious Meal (MBG) programme for the 2025-2026 period.

Oil Production in Rokan Block Drops at Start of Year, PHR Explains

PT Pertamina Hulu Rokan (PHR) has attributed the decline in oil production within the Rokan Block to operational disruptions, including gas supply interruptions and electrical issues. Despite these challenges, the company aims to increase production levels towards the end of the year.

Andre Rosiade: Prabowo to Develop New KRL Lines for Sukabumi, Cikampek, and Cilegon

President Prabowo Subianto is planning a major expansion of the Jabodetabek electric commuter rail (KRL) network to increase mass transit capacity. The proposed extensions include routes to Sukabumi, Cikampek, and Cilegon, aiming to boost daily ridership from 1.3 million to 1.6 million passengers.

Bulog reports farmer paddy absorption has reached three million tonnes rice equivalent

Perum Bulog has successfully absorbed over three million tonnes of paddy, equivalent to rice, marking 75 per cent of its 2026 national target. This achievement significantly strengthens the government's food reserves, which have now exceeded five million tonnes.

Attorney General's Office Names Dadan Hindayana a Suspect in MBG Program Corruption Case

The Attorney General's Office has officially named the former head of the National Nutrition Agency, Dadan Hindayana, as a suspect in a corruption investigation involving the Free Nutritious Meal (MBG) programme. Two former deputy heads of the agency have also been implicated in the alleged mismanagement of the programme's governance for the 2025-2026 period.

P2SK Bill Regulates Danantara's Ability to Issue Special Debt Securities

The Indonesian government and Commission XI of the House of Representatives have reached an agreement on the amendments to the Financial Sector Development and Strengthening (P2SK) Bill. A key provision includes allowing the Danantara Investment Agency to issue special debt instruments, such as 'patriot bonds' and 'merah putih bonds', to mobilise capital amidst global economic uncertainty.

Two Former Deputy Heads of National Nutrition Agency Named Suspects Following Dadan Hindayana in Attorney General's Investigation

The Attorney General's Office has named two former Deputy Heads of the National Nutrition Agency (BGN), Sony Sonjaya and Lodewyk Pusung, as suspects in a corruption investigation. They join former BGN Head Dadan Hindayana in facing charges related to the alleged illegal trading of nutrition service points.

IDX falls 4 percent as investors scrutinise governance and policy credibility

The Indonesia Composite Index (IHSG) dropped by over 4 percent as investors expressed concerns regarding Indonesia's policy credibility and governance. Key pressures include negative outlooks from credit rating agencies, Rupiah volatility, and significant foreign capital outflows.

Wuling Delivers First Batch of EKSION in Indonesia as SAIC Group Reaches 100 Million Vehicle Deliveries Globally

Wuling has commenced the delivery of its EKSION model in Indonesia, marking a significant milestone alongside SAIC Group's global achievement of 100 million vehicle deliveries. The company has established a robust local industrial ecosystem in Indonesia, comprising over 100 local suppliers and a manufacturing plant with an annual capacity of 120,000 units.

KPK Announces Search for Deputy Minister of Immigration and Correctional Services Silmy Karim

The Corruption Eradication Commission (KPK) is currently searching for the whereabouts of Deputy Minister Silmy Karim following a sting operation in West Jakarta. The operation, which involves allegations of bribery regarding foreign resident permits, has already led to the arrest of several individuals, including a local immigration head.

5 'Bloody' Hours on the Exchange! IDX Composite Crashes to Record Lows

The Indonesia Composite Index (IHSG) experienced a massive 4.11% drop, hitting levels not seen since the COVID-1s Delta wave. This sharp decline has wiped out Rp5,862 trillion in market capitalisation, making it the worst-performing major index globally this year.

Tourism Minister: Middle East Situation Impacts Tourist Arrivals

The Minister of Tourism, Widiyanti Putri Wardhana, has reported that geopolitical tensions in the Middle East are negatively impacting international tourist arrivals to Indonesia. While visits from the Middle East and Europe have declined, significant growth has been observed from Southeast Asia and other regions, alongside an increase in average tourist spending.

Protests Shake Bolivia as Ministers Resign

Several ministers in the Bolivian government have resigned following weeks of intense demonstrations demanding the resignation of President Rodrigo Paz. The political crisis, driven by severe economic hardship, has led to widespread road blockades and shortages of essential goods across the country.

Attorney General's Office Team Carries Container Box Following Raid on National Nutrition Agency Office

Investigators from the Attorney General's Office were seen removing a container box from the National Nutrition Agency (BGN) headquarters in Jakarta following an overnight raid. The search follows the recent dismissal of the BGN Head and two deputies by President Prabowo Subianto amidst allegations of irregularities in the free nutritious meal programme.

As the Last Stronghold for Sumatran Elephants and Tigers, the Bentang Seblat Ecosystem Must Be Protected

The Indonesian Biology Consortium (Kobi) has expressed deep concern over the deaths of Sumatran elephants and tigers in the Bentang Selet Seblat landscape, Bengkulu. Experts warn that these incidents signal critical habitat fragmentation and escalating human-wildlife conflict that require urgent government intervention and scientific management.

Ministry of Hajj: OKU Timur Pilgrims Return Safely

All 437 Hajj pilgrims from OKU Timur, South Sumatra, have returned home safely following their pilgrimage to the Holy Land. The group arrived via Palembang after being received by the Deputy Governor of South Sumatra.

Krom Bank Surpasses 1 Million Accounts and Rp10 Trillion in Third-Party Funds

PT Krom Bank Indonesia Tbk has successfully reached a milestone of 1 million account openings and Rp10 trillion in third-party funds (DPK). The growth was achieved organically through competitive interest rates, positioning the digital bank as a rising leader for millennial and Gen Z customers.

Hajj Pilgrims from East Java Return Gradually; Two Probolinggo Residents Still Under Intensive Care in the Holy Land

The first phase of the Hajj repatriation process for the Surabaya embarkation has commenced, with 1,897 pilgrims and officials having returned so far. However, two pilgrims from Probolinggo remain under intensive medical care in Saudi Arabia, while one death has been reported.

Attorney General's Office Names Dadan, Sony, and Lodewyk as Suspects in BGN Case

The Indonesian Attorney General's Office has officially named the former Head of the National Nutrition Agency (BGN), Dadan Hindayana, along with two former Deputy Heads, as suspects in a corruption investigation. The case involves alleged mismanagement and irregularities within the Free Nutritious Meal (MBG) programme for the 2025-2026 period.

AirAsia reviewing policy after family with cerebral palsy child removed from flight due to 'safety requirements'

AirAsia is conducting a comprehensive review of its policies regarding specialised child restraint devices following an incident where a family was offloaded from a flight to Kuching. The airline stated the decision was based on safety requirements concerning the suitability of the child's seat, but is now seeking to ensure greater clarity and consistency for passengers with disabilities.

Bank Branch Manager's Wife Weeps During Sentencing Hearing

The Military Court II-08 in Jakarta has delivered verdicts in the kidnapping and murder case of a bank branch manager, identified by the initials MIP. Three defendants received prison sentences ranging from one to 13 years, with the primary perpetrators also facing dishonourable discharge and significant restitution payments.

Preventing Economic Collapse: Japan Allocates Rp 339 Trillion to Support Citizens

The Japanese government has approved a supplementary budget of 3.1135 trillion yen (approximately Rp 339.15 trillion) to alleviate the rising cost of living caused by global geopolitical tensions. The funds are intended to subsidise essential costs such as petrol, electricity, and gas to mitigate the impact of inflation on households.

INACA States Domestic Market is the Main Strength of Indonesian Aviation

The Indonesian National Air Carriers Association (INACA) has identified the domestic market as a strategic driver for national economic growth and aviation industry development. The association is calling for zero per cent tax incentives on aircraft spare part imports to enhance operational efficiency and global competitiveness.

Two Defendants in Bank Branch Manager Murder Dismissed from TNI and Ordered to Pay Rp 1.2 Billion Restitution

A Jakarta Military Court has sentenced two Indonesian National Armed Forces (TNI) personnel to prison terms and dismissal from service for their involvement in the murder of a bank branch manager. The defendants have also been ordered to pay a total of Rp 1.2 billion in restitution to the victim's family.

Purbaya and DPR Agree on P2SK Bill: Full Changes Regarding OJK Revealed!

The Indonesian Government and Commission XI of the House of Representatives (DPR) have reached an agreement on the first-level discussions regarding the Financial Sector Development and Strengthening (P2SK) Bill. The proposed changes involve significant expansions to the OJK's supervisory mandate, including oversight of carbon exchanges and crypto assets.

P2SK Bill Supports Legal Certainty for New 'SRIA' Sharia Instrument

The amendment to the Financial Sector Development and Strengthening Law (UU P2SK) is set to provide legal certainty for the Sharia Restricted Investment Account (SRIA). This new Sharia-compliant investment product allows customers to direct funds towards specific projects or sectors based on the mudharabah muqayyadah principle.

Handcuffed: Former National Nutrition Agency Head Dadan Hindayana Detained by Attorney General's Office

Former Head of the National Nutrition Agency (BGN), Dadan Hindayana, has been detained by the Attorney General's Office following his dismissal by President Prabowo Subianto. The detention follows allegations involving the alleged sale of SPPG or MBG kitchens, as confirmed by the Chief of Staff to the President.

Indef records online taxi contribution to national GDP at Rp565 trillion

The Institute for Development of Economics and Finance (Indef) has revealed that the online transportation ecosystem, including motorcycle taxis, contributes approximately Rp565 trillion, or 2.37 per cent, to Indonesia's GDP. This significant economic impact is driven by substantial multiplier effects across various sectors, including MSMEs and logistics.

Dadan Hindayana, Sony, and Lodewyk Detained by Attorney General's Office!

Former Head of the National Nutrition Agency, Dadan Hindayana, has been detained by the Attorney General's Office following his dismissal by President Prabowo Subianto. The detention, which also involves former Deputy Head Sony Sonjaya and Lodewyk Pusung, follows allegations of corruption related to the procurement of nutrition kitchens.

In Addition to Dadan Hindayana, Attorney General's Office Detains Two Former Deputy Heads of National Nutrition Agency

The Attorney General's Office has detained two former deputy heads of the National Nutrition Agency (BGN), Lodewyk Pusung and Sony Sonjaya. This follows the earlier detention of former BGN head Dadan Hindayana as part of an ongoing investigation.

Reels Becomes More Engaging as Meta Prepares Episodic Video Features

Meta is testing a new feature called 'Series' for Instagram and Facebook Reels, allowing creators to group videos into connected episodes. This move aims to encourage sustained content consumption and compete with similar functionalities already offered by TikTok.

Prosecutor reveals motive behind defendant killing biological mother in Mataram

A prosecutor has revealed that the motive behind the murder of a woman in Mataram was a dispute over money and an attempt to seize her valuables. The defendant, Bara Primario, allegedly planned the killing after his request for Rp6 million was denied, intending to use the victim's assets to fund online gambling deposits.

Hindayana and Former Deputy BGN Officials Wear Detainee Vests After Leaving Jampidsus Building

The former Head of the National Nutrition Agency (BGN), Dadan Hindayana, along with two former deputies, has been detained by the Attorney General's Office. The legal action follows a recent presidential dismissal of Hindayana and a raid on the BGN offices as investigators assess potential state losses.