Indonesian Political, Business & Finance News

Archive: 3 June 2026

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TelkomMetra Reorganises Portfolio, AdMedika Set for Expansion with Fullerton Health

PT Multimedia Nusantara (TelkomMetra) has signed a Sale and Purchase Agreement to divest its full ownership of AdMedika Group to Fullerton Health. This strategic move aims to streamline TelkomGroup's portfolio by focusing on core telecommunications and digital businesses while enabling AdMedika to expand regionally.

Production of oil, condensate, and NGL recorded at 576.2 MBOPD

The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) reported that the production of oil, condensate, and Natural Gas Liquid (NGL) reached 576.2 thousand barrels of oil per day. Despite a temporary dip in January due to pipeline disruptions, the agency aims to reach the 2026 state budget target of 610 thousand BOPD through strategic well development and new regulatory frameworks.

Shipping Industry Exhibition in Tianjin, China, Highlights AI Opportunities

The fourth Tianjin International Shipping Industry Expo (TISIE) has opened in China, focusing on the integration of artificial intelligence within the maritime sector. Industry experts at the event discussed how AI is transforming port automation, logistics, and global shipping efficiency while noting the emerging security and governance challenges.

Foreign Media Highlight Dismissal of National Nutrition Agency Head Dadan Hindayana

International news outlets are reporting on President Prabowo Subianto's decision to remove the head of the National Nutrition Agency (BGN) following food poisoning incidents and corruption allegations. The dismissal follows significant scrutiny regarding the governance and food quality of the multi-billion dollar free school meal programme.

Arya Resigns, KIP Appoints Gede Narayana as New Vice Chairman

The Central Information Commission (KIP) has appointed Gede Narayana as the new Vice Chairman following the resignation of Arya Sandhiyudha. The decision, made during a plenary session, aims to ensure the continuity of institutional programmes and public information transparency.

PNJ Processing Sanctions for Same-Sex Kissing Incident on Campus

The administration of Politeknik Negeri Jakarta (PNJ) is reviewing disciplinary sanctions following a viral video showing two men kissing on campus. While one individual is a student, the other is an external visitor, and the university is currently deliberating on the appropriate legal and educational consequences.

Danantara Plans to Issue US Dollar Bonds to Raise US$5 Billion

The Daya Anagata Nusantara Investment Management Agency (BPI Danantara) is preparing to issue US dollar-denominated bonds as part of a US$5 billion global medium-term note programme. The issuance involves a syndicate of major international and local banks acting as lead managers and underwriters.

Xiaomi 18 Series Leaks Reveal 7,000mAh Battery and 2K 6.4-inch Display

Leaked specifications suggest the upcoming Xiaomi 18 Series will feature advanced silicon-carbon battery technology and the new Snapdragon 8 Elite Gen 6 chipset. The lineup is expected to include a high-end Pro Max model with a massive 8,500mAh battery and AI-driven desktop features.

Rupiah Continues to Plummet to Rp 17,958 Per US Dollar, Bank Indonesia Finally Responds

Bank Indonesia has addressed the ongoing depreciation of the Rupiah, which reached Rp 17,958 per US dollar in recent trading. The central bank has committed to taking measured steps to maintain exchange rate stability and strengthen external resilience through various policy instruments.

Jakarta Provincial Government Offers Up to 7.5 Per Cent Discount on Land and Building Tax

The Jakarta Provincial Government has announced a 7.5 per cent discount on Land and Building Tax (PBB-P2) for the 2026 tax year for payments made between 1 June and 31 July 2026. Additionally, the government is waiving administrative sanctions on tax arrears from 2021 to 2025 to encourage compliance and support regional development.

Pelalawan Police Station Innovation Transforms Land into Melon Greenhouse

The Pangkalan Kerinci Police have partnered with local farmers to establish a smart farming greenhouse for Honey Globe melons in Pelalawan. This initiative aims to support national food security, stabilise local food prices, and reduce dependence on fruit imports.

Business-27 Index Opens Weaker, While PTBA, MAPI, and BBRI Stocks Continue to Advance

The Business-27 Index opened with a 0.50% decline during Wednesday's trading session, despite individual gains in major stocks such as PT Bukit Asam and BBRI. Analysts from MNC Sekuritas suggest the Jakarta Composite Index (IHSG) is currently moving sideways, with potential resistance levels identified between 6,318 and 6,459.

US Dollar Nears Rp18,000 Mark, Bank Indonesia Responds

Bank Indonesia has pledged to take consistent and measured steps to stabilise the Rupiah as the US Dollar approaches the Rp18,000 threshold. The central bank is utilising various policy instruments and promoting local currency transactions to mitigate exchange rate volatility.

Two Banten Brimob Officers Attacked by 11 Debt Collectors in Serang

Two members of the Banten Regional Police's Brimob unit were injured in a machete attack involving eleven debt collectors in Serang. Following a pursuit by police and local residents, two suspects have been apprehended and are currently under investigation.

DPR Leadership Defends President Prabowo's Frequent Overseas Visits

The leadership of the House of Representatives (DPR) has responded to criticisms regarding President Prabowo Subianto's frequent international trips. They emphasised that the frequency of diplomatic visits depends on the specific strategic needs and global dynamics facing the current administration.

Two Banten Regional Police Brimob Officers Mobbed and Macheted by Debt Collectors

Two Brimob officers from the Banten Regional Police were assaulted and wounded by a group of approximately 11 debt collectors in Serang. The incident, which involved the use of machetes, resulted in injuries to the officers' arms and heads, leading to their hospitalisation.

Deputy Minister of Hajj: All 2027 Hajj Officials Mandatory to Undergo Training in Barracks

The Indonesian Deputy Minister of Hajj and Umrah has announced mandatory training in barracks for all officials involved in the 2027 Hajj operations. This initiative aims to standardise service quality and includes the creation of a specialised operational unit for the Armuzna area.

Bank Mandiri Organises Blood Drive, Engaging 4,850 Donors Across Indonesia

In anticipation of its 28th anniversary, Bank Mandiri has successfully conducted a nationwide blood donation drive involving 4,850 participants. The initiative, held in collaboration with the Indonesian Red Cross, aims to support national health resilience and demonstrate the bank's commitment to social responsibility.

Ministry of Tourism promotes Indonesian tourism to Chinese travellers

The Indonesian Ministry of Tourism has launched a series of Sales Missions in Shanghai and Guangzhou to strengthen the 'Wonderful Indonesia' brand in the Chinese market. The initiative aims to boost international arrivals and has already identified significant potential for tourism transactions and foreign exchange earnings.

Dasco Responds to Dino Patti Djalal's Criticism Regarding Prabowo's Overseas Visits

Deputy Speaker of the House of Representatives, Sufmi Dasco Ahmad, has addressed criticisms regarding President Prabowo Subianto's frequent international trips. Dasco argued that such visits are strategic necessities driven by global dynamics and should not be criticised based on frequency alone.

National Commission on Human Rights Empowers UNP Students on the Urgency of Human Rights Values

The National Commission on Human Rights (Komnas HAM) has provided training to hundreds of Universitas Negeri Padang (UNP) students ahead of their community service programme. The initiative aims to equip students with the knowledge to identify and report potential human rights violations during their field engagements.

Director General of Immigration Responds to KPK Sting Operation Against West Jakarta Immigration Head

The Director General of Immigration has confirmed his full support for the Corruption Eradication Commission's (KPK) recent sting operation involving the Head of the West Jakarta Immigration Office. The operation, which took place between 2-3 June 2026, resulted in the arrest of several individuals linked to irregularities in foreign national permit processing.

As Humans Are Replaced, Robots Now Required to Have 'ID Cards'

China has introduced a national digital identity system for humanoid robots to enhance oversight and safety within the rapidly growing industry. The new platform allows the government to track robots from production through to recycling, ensuring better governance of the sector.

Toddler in Bantul Dies Following Sedation and CT Scan at RSUD; Malpractice Allegations Filed

The family of a three-year-old girl has filed a police report alleging medical malpractice following the child's death at RSUD Prambanan. The legal action follows the child's loss of consciousness after receiving three sedative injections prior to a CT scan.

JPPI Claims Removal of National Nutrition Agency Head Fails to Address Free Nutritious Meal Issues

The Indonesian Education Monitoring Network (JPPI) argues that President Prabowo Subianto's dismissal of three National Nutrition Agency (BGN) leaders is merely a damage control measure following corruption allegations. The organisation warns that without fundamental reforms to the programme's design and budget transparency, the Free Nutritious Meal (MBG) initiative remains at risk of systemic failure.

Family Holidays Get More Exciting! Grand Pasundan Convention Hotel Launches 'Hey, June' Promotion

Grand Pasundan Convention Hotel in Bandung has introduced its 'Hey, June' promotional package, offering discounted rates and exclusive amenities for guests. The promotion aims to attract families and business travellers by providing value-added services such as complimentary breakfast and access to leisure facilities.

BMKG predicts declining rainfall potential in South Sumatra

The Meteorology, Climatology, and Geophysics Agency (BMKG) has announced that rainfall in South Sumatra is expected to decrease as the dry season begins. This shift, driven by the Australian Monsoon, is expected to lead to higher temperatures and an increased risk of forest and land fires.

Batam Port Authority Records 41 Per Cent Surge in Passenger Traffic During Long Holiday

The Batam Port Authority (KSOP) reported a 41 per cent increase in passenger movement during the Eid al-Adha and Vesak holiday period. The surge was driven primarily by international tourists from Singapore and Malaysia, with Batam Centre International Port remaining the busiest entry point.

State-Owned Bank Chief Notes SBN Repo Phenomenon Used to Hoard SRBI

The Chairman of the State-Owned Banks Association (Himbara) has highlighted a trend where banks use Government Securities (SBN) repurchase agreements to invest in Bank Indonesia's Rupiah Securities (SRBI). This practice is seen as a hindrance to optimal banking intermediation, as banks prioritise higher yields from SRBI over credit distribution.

Cirebon Police Seize 6,080 Illegal Prescription Drugs in Palimanan

The Cirebon City Police (Polresta Cirebon) have dismantled an illegal distribution network for unauthorised pharmaceutical products in the Palimanan district. Authorities arrested a 27-year-old man and seized thousands of tablets intended for illicit sale.

KPK Summons Ministry of Transport Official Regarding Railway Project Bribery Case

The Corruption Eradication Commission (KPK) has summoned a Ministry of Transport official as a witness in the investigation of alleged bribes related to railway construction and maintenance projects. The investigation involves various infrastructure projects across Java and Sumatra, with 21 suspects already detained.

First Time: Moody's Assigns Baa2 Rating to Danantara with Negative Outlook

Global rating agency Moody's has assigned a Baa2 rating to PT Danantara Investment Management (DIM), marking the first debt rating for the entity. The rating and its negative outlook are closely tied to Indonesia's sovereign credit rating due to the strong government links within the Danantara institutional framework.

Verdict for Defendant in IDR 1.8 Trillion LPEI Corruption Case Scheduled for 22 June

The verdict for Hendarto, the defendant in the corruption case involving Indonesia Export Financing Institution (LPEI) funds, is set to be delivered on 22 June. The defendant, who faces an 8-year prison sentence and massive restitution claims, has submitted a plea for acquittal citing health concerns.

Indonesia targets unlicensed short-term accommodation listings

The Indonesian Ministry of Tourism is implementing a technology-driven approach to regulate unlicensed short-term accommodations, such as villas, to ensure tax compliance and fair competition. Through an API-based verification system linked to online travel agencies, the government aims to automatically identify and delist properties lacking proper business licences by mid-2027.

Toddler in Bantul Found Abandoned with Hands and Mouth Bound by Tape

A three-year-old girl was discovered in a distressing state, with her hands, feet, and mouth bound by adhesive tape in a rented house in Bantul. The child's mother had reportedly left her alone in the room, prompting neighbours to intervene after hearing cries.

Caring for Health Access in NTT, Dr Stevi Harman Receives Sekar Agni Negeri Award

Senator and physician Dr Stevi Harman has been honoured for her efforts in improving healthcare access and community empowerment in East Nusa Tenggara (NTT). She emphasises that tackling health issues requires addressing the root cause of poverty by strengthening the region's productive agricultural and fishing sectors.

Social Affairs Minister: People's School Knows No Age, Equivalence Programmes to be Implemented

The Minister of Social Affairs, Gus Ipul, has announced that the 'Sekolah Rakyat' (People's School) programme will accept students regardless of age. The initiative includes equivalence programmes and accelerated learning tracks to help those who have missed formal education catch up with their peers.

LPEI Corruption Case: Hendarto Claims Rp1.8 Trillion Loss is the Responsibility of Mentari Group

The defendant in the Indonesian Export Financing Institution (LPEI) corruption case, Hendarto, has argued in court that the Rp1.8 trillion state loss should be attributed to the Mentari Group. He claims that all loan obligations were met during his tenure and that payment defaults only occurred after the acquisition of PT Sakti Mait Jaya Langit by the group.

West Jakarta Immigration Official Sting: KPK Seizes US Dollars, Singapore Dollars, and Gold

The Corruption Eradication Commission (KPK) has revealed evidence seized during a sting operation involving the Head of the West Jakarta Class I Non-TPI Immigration Office. The confiscated items include foreign currency, vehicles, and gold bullion.

JCI Plummets Significantly by 5.41 Per Cent to Return to 5,860 Level

The Jakarta Composite Index (JCI) experienced a sharp decline of 5.41 per cent during Wednesday's trading session, driven by the weakening Rupiah and volatility in conglomerate stocks. The downturn is further exacerbated by rising global oil prices and geopolitical tensions in the Middle East.

Ministry of Industry emphasises strong potential for sports equipment industry

The Indonesian Ministry of Industry has highlighted the significant growth potential of the national sports equipment industry, driven by rising export performance and SME involvement. The sector has seen a notable increase in export value and is actively seeking to strengthen its global supply chain through business matching initiatives.

Revealed! Alleged Trading of SPPG Points Triggers Attorney General's Office Raid on BGN Office

The Attorney General's Office (Kejagung) conducted a raid on the National Nutrition Agency (BGN) headquarters in Jakarta following allegations of corruption involving the procurement of nutrition service points. The investigation follows a major leadership reshuffle initiated by President Prabowo Subianto, amid unconfirmed reports of officials being detained.

Sahroni: BGN Raid Proves President's Serious Commitment to Eradicating Corruption

Ahmad Sahroni, Deputy Chairman of Commission III of the House of Representatives, has stated that the Attorney General's Office's raid on the National Nutrition Agency (BGN) demonstrates President Prabowo Subianto's resolve against corruption. The search follows recent leadership changes within the agency, which manages a high-priority government programme.

Dasco States DPR Commission II is Ready to Discuss Amendments to Election Law

Deputy Speaker of the House of Representatives, Sufmi Dasco Ahmad, has announced that Commission II is prepared to begin the revision process for the 2017 Election Law. The legislative initiative will involve drafting academic papers and seeking public input to ensure the amendments are robust enough to withstand potential legal challenges in the Constitutional Court.

Forensic Laboratory Conducts Crime Scene Investigation at Kemayoran Fire Site in Central Jakarta

The Forensic Laboratory (Puslabfor) has commenced a detailed investigation and crime scene processing following a massive fire in Kemayoran, Central Jakarta. The blaze, suspected to have been caused by an electrical short circuit, destroyed approximately 250 houses and affected 350 families.

Hajj Fund Benefits Cover 35 Per Cent of Costs, Enhancing Pilgrim Services

The Hajj Financial Management Agency (BPKH) has successfully utilised managed funds to subsidise 35 per cent of the total Hajj costs, ensuring more affordable services for Indonesian pilgrims. This financial management has directly contributed to improved accommodation, catering, and logistical facilities during the pilgrimage in Makkah.

OJK Outlines 'Weapons' to Combat Fraud in the Insurance Industry

The Financial Services Authority (OJK) has reaffirmed its authority to conduct inspections and take regulatory action against fraudulent practices within the health insurance sector. Ogi Prastomiyono, OJK Commissioner, warned that companies found engaging in fraud could face the revocation of their operating licences.

Check Your Portfolio! 5 Stocks to Distribute Jumbo Dividends This Month

Several listed companies on the Indonesia Stock Exchange are scheduled to distribute significant cash dividends this month. The list includes major players in the energy, gas, agriculture, cement, and pharmaceutical sectors, with total payouts reaching trillions of rupiah.

Flower Arrangements Line Front of National Nutrition Agency Office, Expressing Gratitude to Prabowo Following Removal of Dadan Hindayana

Following President Prabowo Subianto's decision to remove Dadan Hindayana and two deputies from the National Nutrition Agency (BGN), numerous floral tributes have appeared outside the agency's office. Amidst the leadership changes, the Attorney General's Office has also conducted a search of the BGN premises.

Microsoft Announces Project Solara for Mobile AI Devices

Microsoft has unveiled Project Solara, a new hardware vision designed to prioritise artificial intelligence agents through the Android ecosystem. The initiative aims to introduce specialised AI agents and a dynamic 'just-in-time' user interface to a new class of mobile devices.