Indonesian Political, Business & Finance News

Archive: 3 June 2026

Showing 901-950 of 1,696 articles

Ministry of Forestry Cyber Patrol Uncovers Elephant Ivory Trade in Bali

The Ministry of Forestry's law enforcement team has dismantled an illegal elephant ivory trading network in Bali following a cyber patrol investigation. One suspect has been detained after authorities discovered ivory-based handicrafts being sold in Gianyar.

DPR pushes Private International Law Bill to boost legal sovereignty

Members of the Indonesian House of Representatives (DPR) are advocating for the Private International Law Bill to ensure that contracts made within Indonesian territory are governed by domestic law. The proposed legislation aims to strengthen national legal sovereignty and prevent foreign corporations from exploiting jurisdictional loopholes to the detriment of Indonesian economic interests.

Ministry of Religious Affairs Strengthens Competency of Zakat Amils and Waqf Nazirs through Certification

The Indonesian Ministry of Religious Affairs has launched an integrated professional certification training programme for zakat managers (amils) and waqf trustees (nazirs). The initiative aims to enhance professionalism and accountability in managing religious social funds to better serve community empowerment and economic welfare.

Chairman of DPR Commission VII Protests Minister of Tourism's Lack of Greeting During Meeting

The Chairman of Commission VII of the Indonesian House of Representatives (DPR) expressed personal grievance after being overlooked by the Minister of Tourism during a working meeting. Beyond the personal slight, the Chairman also criticised budget imbalances within the Ministry and raised concerns regarding the impact of the weakening Rupiah on the national economy.

Toddler Found Taped Up and Abandoned by Mother in Bantul is Now Cared for by Aunt in Gunungkidul

A three-year-old girl was discovered by neighbours in Bantul, Indonesia, with her hands, feet, and mouth bound with adhesive tape. The child is now safe under the care of her aunt in Gunungkidul while police investigate the mother's actions.

Minister of Manpower emphasises strengthening governance to improve labour quality

The Indonesian Minister of Manpower, Yassierli, has pledged to strengthen organisational governance and accountability to enhance national labour services. The initiative focuses on simplifying regulations, expanding vocational training, and developing integrated data systems to better align workforce competencies with industrial needs.

WMO Warns of Potential El Niño Emergence in the Near Future

The World Meteorological Organization (WMO) has issued a warning regarding an 80% probability of El Niño occurring between June and August 2026. The phenomenon is expected to trigger extreme weather patterns, including severe droughts and heatwaves, posing significant risks to global food and water security.

Profile and Vast Wealth of Ronald Arman Abdullah, West Jakarta Immigration Head Caught in KPK Sting Related to Foreigner Stay Permits

The Head of the West Jakarta Immigration Office, Ronald Arman Abdullah, has been detained by the Corruption Eradication Commission (KPK) during a sting operation. The investigation involves allegations of corruption concerning stay permits for foreign nationals.

Regent of Bogor Emphasises Importance of National Unity on Pancasila Day

During the commemoration of Pancasila Day in Bogor, Regent Rudy Susmanto highlighted the importance of national unity and the role of Pancasila as the foundation of the state. He urged the younger generation to uphold these values to ensure continued peace and prosperity in the region.

BGN Office Searched by Attorney General's Office, Sahroni: The President is Not Playing Around!

The Attorney General's Office has conducted a search of the National Nutrition Agency (BGN) office amid investigations into potential irregularities in the Free Nutritious Meal programme. Ahmad Sahroni, Deputy Chairman of Commission III of the House of Representatives, praised the move as a sign of President Prabowo Subianto's commitment to eradicating corruption.

S&P Visits Airlangga's Office to Discuss Indonesia's Economic Outlook

The Coordinating Minister for Economic Affairs, Airlangga Hartarto, met with S&P Global representatives to discuss Indonesia's economic resilience amidst global uncertainty. The discussion highlighted Indonesia's stable fundamentals, controlled inflation, and the positive impact of downstreaming industrial policies.

Massive Foreign Capital Outflow: BBCA, TPIA, and BBRI Targeted as JCI Plummets

Foreign investors recorded significant net selling on the Indonesia Stock Exchange during the first session on Wednesday, with total outflows reaching Rp525.3 billion. Major blue-chip stocks including BCA, Chandra Asri Pacific, and Bank Rakyat Indonesia were primary targets, contributing to the decline of the Jakarta Composite Index.

Pegadaian Timor Leste Records Brilliant Performance

PT Pegadaian has successfully expanded its international operations with the opening of its first overseas branch in Timor-Leste. Within just two months of operation, the branch has achieved significant financing turnover and is actively promoting financial inclusion through its 'Gadai Peduli' programme.

KSP Dudung Confirms Allegations of SPPG Bribery Led to Removal of Dadan BGN

The Chief of Staff to the President, Dudung Abdurachman, has confirmed that allegations regarding the illegal sale of Nutrition Fulfilment Service Units (SPPG) were a key factor in the dismissal of Dadan Hindayana from the National Nutrition Agency. President Prabowo Subianto aims to ensure the Free Nutritious Meal programme is managed transparently to prevent any misuse of public funds.

Medical Inflation Hits 17.9%, Health Insurance Providers Seek Strategic Adjustments

Indonesia's medical inflation has reached approximately 17.9%, the highest in Asia, prompting the health insurance industry to reassess risk management and product design. The Financial Services Authority (OJK) and Parliament are working to strengthen the insurance ecosystem through new regulations to address rising claim ratios and overutilisation of services.

Following Sexual Violence Allegations, Ministry of Religious Affairs Urges Closure of Padang Ati Padepokan in Pekalongan

The Ministry of Religious Affairs (Kemenag) is calling for the closure of the Padang Ati Padepokan in Pekalongan following allegations of sexual violence by its caretaker. Although the facility houses approximately 350 students, the Ministry noted that the institution is not officially registered as an Islamic boarding school (pesantren), placing the authority for closure under local government jurisdiction.

Metro Jaya Regional Police Deploy 2,798 Personnel for Operation Patuh Jaya

The Jakarta Metropolitan Police have deployed nearly 2,800 personnel for the 14-day 'Operation Patuh Jaya 2026' to improve traffic safety and order. The operation focuses on law enforcement, particularly targeting visible violations such as missing licence plates and driving under the influence.

UN Urges Israel to Lift Restrictions in West Bank Refugee Camps

The United Nations has called on Israel to revoke restrictions imposed on several Palestinian refugee camps in the West Bank. These measures have led to prolonged displacement and hindered access to essential services and livelihoods for thousands of residents.

CENTCOM Claims All Iranian Missiles Intercepted, Kuwait Refutes: Our International Airport Damaged

Conflicting reports have emerged following an Iranian missile and drone attack in the Gulf, with Kuwait reporting significant damage to Terminal 1 of Kuwait International Airport. While US CENTCOM claims all incoming missiles were intercepted or failed to hit targets, Kuwaiti authorities have suspended all flight activities due to the impact.

Final Debate for HIPMI Chairperson Candidates Focuses on Investment, Downstreaming, and Capital Markets

The final debate for the candidates of the Indonesian Young Entrepreneurs Association (HIPMI) Chairperson for the 2026–2029 period is scheduled to take place in Jakarta on 3 June 2026. The debate will focus on strategic themes including investment, downstreaming, and capital markets to address global economic uncertainties.

Exchange rate touches Rp17,900 level, BI strengthens synergy with various parties

Bank Indonesia is intensifying coordination with the government and financial stakeholders to address the rupiah's depreciation towards the Rp17,900 per US dollar level. The central bank is utilising all available policy instruments to ensure market mechanisms function effectively and to maintain national economic resilience.

Russia reaffirms support for Cuba amidst external pressures

Russian Foreign Minister Sergey Lavrov has reaffirmed Moscow's steadfast solidarity with Cuba in response to unprecedented external pressures. The statement, made during a congratulatory message to former Cuban President Raul Castro, emphasises continued bilateral cooperation to foster a multipolar world order.

Whoosh Passengers to Enjoy Dining Car Services Starting Tomorrow

KAI Services is set to introduce a dining car service on the Whoosh high-speed rail starting Thursday, 4 June 2026. The new service aims to provide passengers with a variety of ready-to-eat meals and beverages, functioning as a dynamic social hub during the journey.

Bitmine Immersion Enables ETH Holdings to Reach 5.42 Million Tokens and Crypto and Cash Holdings of $11.6 Billion

Bitmine Immersion Technologies has announced a massive expansion of its digital asset treasury, now holding 5.42 million ETH and total crypto and cash assets valued at $11.6 billion. The company is aggressively pursuing its 'Alchemy 5%' goal to control 5% of the total Ethereum supply through its institutional-grade staking platform, MAVAN.

Gibran Urges Lemhannas Participants to Remain Sensitive to Grassroots Conditions

Vice President Gibran Rakabuming Raka has called on national leadership trainees at Lemhannas to develop greater sensitivity to the needs of the grassroots population. He emphasised that effective policymaking requires direct engagement with citizens to avoid regulatory complexities that hinder sectors such as agriculture.

Iranian Drone Attack Forces Closure of Kuwait Airport, Several Injured

An Iranian drone attack on Kuwait International Airport's Terminal One has caused significant structural damage and several injuries, forcing the suspension of flight operations. The incident is part of a broader wave of regional tensions following retaliatory strikes between Iran and Western-aligned forces in the Middle East.

Ministry of Primary and Secondary Education and MD Entertainment Distribute Thousands of Shoes to Students in Aceh

The Indonesian Ministry of Primary and Secondary Education, in collaboration with the MD Entertainment Foundation, has launched an initiative to distribute 2,500 pairs of shoes to students in Aceh affected by floods. The programme aims to strengthen character education and foster empathy and social responsibility among students.

Severe Decline: DSSA Shares Plummet 62.85% in One Month Following Stock Split

Shares of PT Dian Swastatika Sentosa Tbk (DSSA) have experienced a significant downturn, losing 62.85% of their value over the past month. Despite a recent 1:25 stock split intended to boost liquidity and investor accessibility, the stock faced heavy selling pressure during Tuesday's trading session.

JCI Plummets as Foreign Investors Withdraw Rp 51 Trillion

The Indonesia Composite Index (JCI) has experienced a significant decline, dropping 5.55% to the 5,851.28 level amid rising market uncertainty. This downturn coincides with a sharp depreciation of the Rupiah and massive foreign capital outflows totalling Rp 54.84 trillion year-to-date.

JCI Plummets as Foreign Capital Outflow Reaches Rp 51 Trillion

The Indonesia Composite Index (JCI) has experienced a significant decline, dropping 5.55% to the 5,851.28 level, breaching psychological support levels. This downturn coincides with a sharp depreciation of the Rupiah and a massive year-to-date foreign net outflow of Rp 54.84 trillion, driven by negative credit rating rumours and Moody's downgrade of Danantara Investment Management.

Dudung KSP: Dadan Hindayana Removed Amid Allegations of Bribery in Free Nutritious Meal Program

Presidential Chief of Staff Dudung Abdurachman has suggested that the removal of National Nutrition Agency (BGN) Head Dadan Hindayana may be linked to allegations of bribery regarding kitchen locations for the Free Nutritious Meal (MBG) programme. The President aims to ensure the programme is executed with full transparency and accountability to prevent any misuse of public funds.

Thousands of PLN Customers in South Sulawesi-West Sulawesi Region Utilise Power Upgrade Discount Programme

PT PLN (Persero) has reported that 2,470 customers in the South Sulawesi, Southeast Sulawesi, and West Sulawesi distribution area participated in a 50 per cent power upgrade discount programme. The initiative, held to commemorate the Birth of Pancasila, aims to stimulate economic productivity by making electricity upgrades more accessible via the PLN Mobile application.

Supporting PP Tunas: Digital Literacy for Students Must Be Strengthened

The South Tangerang City Government has expressed full support for the implementation of Government Regulation (PP) Number 17 of 2025, aimed at protecting children from digital threats. The local administration is focusing on enhancing digital literacy and practical technology training to ensure a safe and responsible internet environment for the younger generation.

CT Arsa and Koarmada Provide Aid to Kemayoran Fire Victims

The CT Arsa Foundation, in collaboration with Koarmada RI and the Orang Tua Group, has distributed essential aid to residents affected by a fire in Kemayoran, Central Jakarta. The assistance includes school supplies, clothing, and food packages to help the community recover from the disaster.

BGN Searched by Prosecutors, Dasco: Leave it to Law Enforcement

Prosecutors from the Attorney General's Office's Special Crimes division conducted a search at the National Nutrition Agency (BGN) headquarters in Jakarta. The operation, which took place in the early hours of Wednesday, follows a recent leadership reshuffle within the agency by President Prabowo.

President Prabowo Receives Turkish Foreign Minister to Discuss Middle East Stability

President Prabowo Subianto met with Turkish Foreign Minister Hakan Fidan in Hambalang to discuss global peace and regional dynamics. The discussions focused on strengthening bilateral ties and coordinating efforts to promote stability and de-escalation in the Middle East.

Rupiah Nears Rp 18,000 Mark as Bank Indonesia Tightens US Dollar Purchase Limits

Bank Indonesia has implemented stricter limits on US dollar purchases without underlying documentation, reducing the monthly threshold from $50,000 to $25,000 per person. This strategic move aims to curb the depreciation of the rupiah, which has recently hit historic lows against the greenback.

Brutal Attack by 11 Debt Collectors in Serang: Brimob Officer Macheted, Only Two Arrested

Banten Regional Police have arrested two debt collectors following a violent incident in Serang where members of the Brimob unit were assaulted. The attack involved a group of eleven individuals attempting to forcibly seize a vehicle, resulting in serious injuries to police personnel.

BSF Value Needs Evaluation Amid Rupiah Weakening - BCA Securities

Trimegah Securities economist Fakhrul Fulvian suggests that the Bond Stabilization Fund (BSF) should be re-evaluated to avoid counterproductive effects on the rupiah. He argues that maintaining artificially low bond yields may undermine Indonesia's ability to attract the capital inflows necessary to stabilise the currency.

Interpreting the Significance of the Prabowo-Megawati Handshake

Political figures have reacted positively to the recent cordial interaction between President Prabowo and Megawati Sukarnoputri, viewing it as a sign of stability. Leaders suggest this moment reflects a commitment to reducing political polarisation amidst global and local uncertainties.

Bank BSN Partners with SMF for Asset Securitisation

PT Bank Syariah Nasional (Bank BSN) has entered into a memorandum of understanding with PT Sarana Multigriya Finansial (SMF) to develop the securitisation of Sharia-compliant housing finance assets. This strategic partnership aims to strengthen long-term funding sources and support the government's '3 Million Houses Programme' by enhancing liquidity for affordable housing.

To Prevent Recurring Train Collisions, KAI Chief Plans to Implement New Technology

PT Kereta Api Indonesia (Persero) is planning to implement Automatic Train Protection (ATP) technology to enhance safety and prevent collisions. The company is currently evaluating two approaches: a conventional system using trackside sensors and a more advanced satellite-based communication system known as FRMCS.

KSP Acknowledges Reports of Bribery Regarding Free Nutritious Meal Kitchen Sites: BGN Management Must Be Improved

The Chief of Staff to the Presidency, Dudung Abdurachman, has addressed allegations of bribery involving the selection of kitchen sites for the Free Nutritious Meal (MBG) programme. This follows a raid on the National Nutrition Agency (BGN) offices by the Attorney General's Office.

Defence Minister warns Civil Servant Reserve Components to beware of influences undermining bureaucracy

Defence Minister Sjafrie Sjamsoeddin has urged Civil Servant Reserve Component (Komcad) members to remain vigilant against internal and external forces attempting to weaken Indonesia's bureaucratic system. He emphasised the importance of maintaining integrity, nationalism, and adherence to Pancasila to prevent the influence of subversive ideologies.

Parents urged to be vigilant of eyelid disorders from birth

Ophthalmologist Dr Tri Wahyu warns parents that congenital eyelid abnormalities often go unnoticed, potentially leading to vision impairment. Early detection of conditions such as ptosis and epiblepharon is crucial to ensure children receive necessary medical interventions.

KSP Reveals Alleged Bribery Regarding Kitchen Points Behind Removal of National Nutrition Agency Head

The Chief of Staff to the President, Dudung Abdurachman, has suggested that the dismissal of Dadan Hindayana as Head of the National Nutrition Agency (BGN) is linked to alleged bribery involving kitchen distribution points for the Free Nutritious Meal programme. President Prabowo Subianto reportedly ordered the removal to ensure the integrity and transparency of the flagship programme, which utilises significant public funds.

Trump and Netanyahu Reported to be in Dispute, According to Analysts

Analysts suggest that reports of tension between US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu may be strategic political communication rather than a shift in policy. Despite reports of heated exchanges, US military and political support for Israel remains largely unchanged.

Govt asks ASN completing reserve component training to be role models

The Indonesian government has urged civil servants (ASN) participating in the National Reserve Component (Komcad) training to serve as role models within the bureaucracy. Following intensive military training alongside the TNI, these officials are expected to enhance public service performance through increased professionalism and patriotism.

Prabowo Receives Turkish Foreign Minister in Hambalang to Discuss Regional Stability

President Prabowo Subianto met with Turkish Foreign Minister Hakan Fidan in West Java to strengthen bilateral ties and coordinate on global issues. The discussions focused on humanitarian cooperation, the repatriation of Indonesian citizens, and the ongoing geopolitical situation in the Middle East.

IDX Composite Plummets Back to 5,000 Level; Analysts: Investors Seeking Safer Assets

The Indonesia Stock Exchange (IDX) Composite experienced a significant decline, dropping 335 points or 5.41 per cent to the 5,860 level during Wednesday's trading. This downturn is attributed to investors shifting towards safer assets amid domestic currency weakness and global economic uncertainty.