Indonesian Political, Business & Finance News

Archive: 3 June 2026

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UPN Jogja Researchers Trace Gas Pathways Triggering Mysterious Fires in Seyegan, Sleman

Researchers from UPN 'Veteran' Jogja are conducting subsurface mapping using geoelectrical methods to identify gas accumulation layers causing repeated fires in Seyegan, Sleman. The investigation aims to trace gas pathways through rock fractures, as preliminary findings suggest potential methane or hydrogen presence.

Prabowo Aims to Connect Railway Tracks from Lampung to Aceh: Key Details Revealed

PT Kereta Api Indonesia (Persero) has unveiled plans to develop an integrated railway network across Sumatra, connecting Bandar Lampung to Banda Aceh. This large-scale infrastructure project, aligned with President Prabowo Subianto's directives, requires an estimated investment of US$25 billion.

Green Economy Forum Drives Cross-Sector Collaboration Towards Sustainable Development

The Green Economy Forum (FEH) is set to be launched in Jakarta to foster multi-sectoral synergy for sustainable development in Indonesia. Initiated by the Padjadjaran University Alumni Association (IKA Unpad), the forum aims to transition Indonesia from an exploitative economic model to a resilient, low-carbon economy.

NTB Exports Surge by Almost 1,300%, Driven by Copper Ore and Concentrates

Exports from West Nusa Tenggara (NTB) saw a massive increase of 1,294.11% in April 2026, primarily driven by mining commodities such as copper ore and concentrates. Conversely, the region experienced a significant drop in imports and a slight deflation in May 2026 due to falling food prices.

Indonesian govt pushes social forestry into welfare safety net

The Indonesian government aims to integrate social forestry programmes into the national welfare safety net by enhancing healthcare and labour protection for forest-dependent communities. Forestry Minister Raja Juli Antoni emphasised the need for cross-sector coordination to ensure that approximately 4.2 million individuals can access expanded BPJS coverage and improved business opportunities.

Appeal Rejected, Togar Situmorang's Sentence Increased to 3 Years Imprisonment

The Denpasar High Court has rejected the appeal of lawyer Togar Situmorang, instead increasing his prison sentence from 2.5 years to 3 years for fraud. The defence argues that the case should have been treated as a civil dispute rather than a criminal matter.

House of Representatives: Prabowo's Overseas Visits are Based on Necessity

The Deputy Speaker of the House of Representatives, Saan Mustopa, has defended President Prabowo Subianto's frequent international visits, stating they are essential for diplomacy and domestic security. These diplomatic efforts have already yielded significant results, including securing investment commitments worth USD 18.5 billion.

SBY's Message to the Younger Generation in Facing Global Uncertainty

Former Indonesian President Susilo Bambang Yudhoyono has warned of a world facing overlapping crises, including climate change and global economic fragmentation. He urged the younger generation to strengthen both their professional competence and personal character to navigate future geopolitical and economic challenges.

KPK Confirms Sting Operation Against West Jakarta Immigration Head Regarding Foreigner Residency Permits

The Corruption Eradication Commission (KPK) has conducted a sting operation involving the Head of the West Jakarta Class I Immigration Office, Ronald Arman Abdullah. The investigation focuses on alleged irregularities in the processing of permanent and temporary residency permits (KITAP and KITAS) for foreign nationals.

Customs Seize Five Live Arowana Fish Hidden in Suitcase at Border Crossing

Customs officers at the Entikong Border Post intercepted five Super Red Arowana fish being smuggled to Malaysia. The fish, which are protected species under CITES Appendix I, were discovered hidden inside a passenger's suitcase during a routine inspection.

Economist Advises Managing Finances and Reducing Consumptive Lifestyle Amid Rupiah Weakening

Economic expert Prof Dr Ida Bagus Raka Suardana has urged the public to adopt more prudent spending habits and prioritise local products to mitigate the impact of the depreciating rupiah. He emphasised the importance of building financial resilience and reducing consumer debt to navigate rising import costs and global economic volatility.

Dasco: House Commission II Ready to Discuss Election Law Revision, Open to Public Input

Deputy Speaker of the House, Sufmi Dasco Ahmad, has announced that Commission II is prepared to begin deliberations on the revision of the Election Law. The legislative process will include public consultation to ensure the revised regulations are robust and less susceptible to legal challenges in the Constitutional Court.

Indonesia and Malaysia Strengthen Economic Ties to Combat Global Supply Chain Disruptions

Malaysian Foreign Minister Mohamad Hasan is set to lead a delegation to Jakarta for the 17th Joint Commission for Bilateral Cooperation (JCBC). The meeting aims to bolster economic resilience and strengthen cross-border supply chains amidst increasing global trade volatility.

Directorate General of Immigration Respects Legal Process Regarding West Jakarta Immigration Sting Operation

The Directorate General of Immigration has expressed its respect for the ongoing legal proceedings following a corruption sting operation by the Corruption Eradication Commission (KPK) in West Jakarta. Despite the arrest of several officials, including the Head of the West Jakarta Immigration Office, immigration services in the area remain operational under the supervision of the Regional Head.

KPK interrogates Rita and Robert regarding East Kalimantan coal gratification case

The Corruption Eradication Commission (KPK) has questioned the former Regent of Kutai Kartanegara, Rita Widyasari, and businessman Robert Priantono Bonosusatya as witnesses in a coal production gratification investigation. The probe involves allegations of illegal payments linked to mining activities in East Kalimantan.

Video: OJK's Strategy to Make Healthcare Costs Efficient and Boost Confidence

The Financial Services Authority (OJK) is implementing strategies to enhance the efficiency of health insurance and strengthen the healthcare ecosystem. By collaborating with various government bodies, the regulator aims to capture the significant market of individuals currently paying for medical treatments out of pocket.

From 2027, Central and Regional Hajj Officials Mandatory to Undergo Barracks Training Without Exception

The Indonesian Deputy Minister of Hajj and Umrah has announced that all Hajj officials for the 2027 season must undergo intensive training in barracks to standardise service quality. This new policy aims to address competency gaps identified during the 2026 Hajj evaluation, particularly regarding services in Arafah, Muzdalifah, and Mina.

BGN Office Searched Regarding Alleged Trading of SPPG Allocations

Investigators from the Attorney General's Office have conducted a search of the National Nutrition Agency (BGN) headquarters following allegations of corruption. The investigation focuses on the suspected illegal trading of Nutrition Fulfilment Service (SPPG) points, involving high-ranking officials.

Moody’s Negative Outlook for Danantara Increases Pressure on Stock Market

The Indonesian stock market is facing heightened volatility following Moody’s Ratings' decision to assign a negative outlook to Danantara Investment Management. This sentiment, coupled with a weakening Rupiah and a decline in the Jakarta Composite Index, has prompted investors to adopt a risk-averse stance.

OJK Permits Insurance Companies to Implement Resharing Schemes, Provided Certain Conditions are Met

The Financial Services Authority (OJK) has introduced new regulations to strengthen the health insurance ecosystem, allowing for risk-sharing or co-payment schemes. While the default product must remain without co-payment, insurers may offer resharing options as long as they provide full transparency regarding premium differences to consumers.

Indonesia Targets 60,000 km of Active Railway Network by 2045

PT Kereta Api Indonesia (Persero) has unveiled an ambitious roadmap to expand Indonesia's active railway network to 60,000 km by 2045. The transformation strategy focuses on achieving world-class operational standards and diversifying revenue through Transit Oriented Development (TOD).

KAI hands over eight suspects of train stone-throwing to law enforcement

PT Kereta Api Indonesia (KAI) has handed over eight individuals suspected of throwing stones at trains to the police for legal processing. The state-owned enterprise highlighted the severe safety risks and potential seven-year prison sentences for such criminal acts.

KPK Summons PP Chairman Japto Again Regarding Former Regent of Kutai Kartanegara Case

The Corruption Eradication Commission (KPK) has scheduled further examinations of witnesses, including Pemuda Pancasila Chairman Japto Soerjosoemarno, regarding alleged gratifications in mining permit issuances. The investigation focuses on suspected monthly security service payments received by Japto linked to the corruption case involving the former Regent of Kutai Kartanegara.

Education Office: Ministry of Primary and Secondary Education to Revitalise 100 Schools in Central Kalimantan by 2026

The Central Kalimantan Education Office has announced that the Ministry of Primary and Secondary Education plans to revitalise nearly 100 schools across the province in 2026. The initiative aims to improve educational quality by addressing school infrastructure damage and enhancing sanitation facilities.

Creality 3D Successfully Listed in Hong Kong

Shenzhen-based Creality 3D Technology Co., Ltd. has officially debuted on the Main Board of the Hong Kong Stock Exchange, marking the first time a consumer 3D printing company has listed there. The IPO was 3,829 times oversubscribed, raising approximately HK$1.272 billion to further drive innovation in AI-integrated 3D printing technologies.

Kerinci Robusta Coffee Penetrates Egyptian Market, Boosting Export Opportunities for Jambi Local Products

A significant shipment of 19.2 tonnes of Kerinci Robusta coffee beans has been exported from Jambi to Egypt. This successful trade initiative, supported by Jambi Customs, aims to expand global market access for local SMEs and boost the regional economy.

Video: Rupiah and JCI Plummet Amid Selling Pressure, What are the Sentiments?

The Indonesian Rupiah and the Jakarta Composite Index (JCI) have experienced significant declines due to market uncertainty. Investors are closely monitoring the management of the Free Nutritious Meal programme, fearing its large budget requirements could strain the national budget deficit.

US Authorities Discover Sophisticated Drug Tunnel at Mexican Border

United States authorities have uncovered a highly advanced underground tunnel spanning 590 metres between Tijuana, Mexico, and Otay Mesa, California. The tunnel, which featured reinforced walls and hydraulic lifts, was used to smuggle cocaine valued at over US$45 million.

Breaking: Trump Aims to 'Punish' Indonesia and 60 Other Nations

The United States Trade Representative (USTR) is proposing new import tariffs ranging from 10% to 12.5% targeting numerous countries, including Indonesia. The proposed measures aim to penalise nations deemed to have failed in effectively enforcing bans on goods produced using forced labour.

Waste Reaches 1,700 Tonnes Per Day, Sarimukti Landfill in Critical Condition

The Sarimukti landfill in West Java is projected to reach full capacity by October 2026 due to insufficient waste compaction equipment and excessive daily waste volumes. Despite expansion efforts, the facility is struggling to manage up to 1,700 tonnes of waste daily, far exceeding the intended quota.

IDX Composite Plummets in Morning Session as Rupiah Approaches Rp18,000

The Indonesia Stock Exchange (IDX) Composite experienced a sharp decline of 4.94% during the first trading session on Wednesday, driven by domestic and global uncertainty. The significant drop was triggered by the weakening Rupiah, which is nearing the Rp18,000 per US Dollar level, prompting investors to shift towards safe-haven assets.

Jakarta Regional Parliament Urges Optimisation of Disaster Relief Volunteer Facilities

The Jakarta Regional House of Representatives (DPRD) is calling on the Regional Disaster Management Agency (BPBD) to enhance support for disaster relief volunteers. The council emphasises the need for adequate safety equipment, communication tools, and operational vehicles to ensure effective emergency response and mitigation.

Pelni prepares eight passenger ships ahead of holiday season in Papua

PT Pelayaran Nasional Indonesia (PELNI) has deployed eight passenger vessels to manage the anticipated surge in mobility across Papua during the upcoming school holidays and religious events. The company expects approximately 10,000 passengers to depart via Jayapura Port between June and July.

Brutal Attack: Three Students in Lombok Burned by Peer, One Dead

A horrific incident involving the burning of three students at an Islamic boarding school in Central Lombok has come to light following viral social media footage. One student has tragically passed away, while two others sustained serious burn injuries.

BCA Syariah Partners with Ivan Gunawan to Launch Study Series for Younger Generation

BCA Syariah has introduced a new community engagement programme titled 'Dari Sahabat untuk Sahabat' to enhance financial literacy and emotional connection with younger customers. The initiative features intimate study sessions designed to position the bank as a personal companion in the lives of its clients.

Requirements and Procedures for Re-registering Specific Category Taxpayers Before 10 June 2026 Deadline

The Directorate General of Taxes (DJP) has issued an urgent notice for taxpayers under specific criteria to complete the re-registration process by 10 June 2026. This initiative aims to update the national tax database and ensure the integration of the latest administrative systems.

Tourism Minister states tourism remains resilient amidst geopolitical pressures

The Minister of Tourism, Widiyanti Putri Wardhana, highlighted the robust growth of Indonesia's tourism sector despite global geopolitical tensions. The Ministry is focusing on empowering local communities and MSMEs through initiatives such as sustainable tourism village certification and halal certification support.

Brutal Mugging Incident in Bandung Captured on CCTV

A violent mugging targeting a man in Mandalajati, Bandung, has gone viral after being captured on CCTV footage. The police have confirmed the incident and are handling the case through specialised units as both the victim and the perpetrators are reportedly minors.

Deputy Speaker of DPR Saan: Foreign Visits Vary by President, Cannot Be Compared

Deputy Speaker of the House of Representatives, Saan Mustopa, has defended President Prabowo Subianto's frequent international visits, stating that diplomatic intensity depends on specific national urgency and global dynamics. This response follows criticism from former Deputy Foreign Minister Dino Patti Djalal, who raised concerns regarding the high costs associated with the President's frequent overseas travels.

Entikong Customs Thwarts Smuggling of Five Super Red Arowana Fish to Malaysia

Customs officers at the Entikong Border Post, in collaboration with the West Kalimantan Quarantine Agency, successfully intercepted the illegal attempt to smuggle five protected Super Red Arowana fish to Malaysia. The fish, which are listed under CITES Appendix I due to their endangered status, were discovered hidden inside a passenger's suitcase.

OJK Addresses Medical Inflation and Surge in Health Insurance Claims

The Financial Services Authority (OJK) is implementing new regulations via POJK Number 36 of 2025 to tackle rising medical inflation, which is projected to reach 14.4% by 2026. The new framework introduces co-payment schemes to manage over-utilisation and aims to increase health insurance penetration from 5% to 20% by 2029.

Dare to Look at Your Portfolio? Rp 6,000 Trillion Evaporated from the IDX Since January

The Indonesia Composite Index (IHSG) experienced a significant decline during the first trading session on Wednesday, dropping to the 5,889.48 level. This downturn is driven by negative macroeconomic sentiments, including rumours regarding S&P Global Ratings, a credit rating downgrade for Danantara Investment Management by Moody's, and the depreciation of the Rupiah.

JCI Plummets: Market Cap Evaporates by Rp6,000 Trillion, Blue-Chip Valuations Collapse

The Indonesia Composite Index (JCI) experienced a sharp decline during the first trading session on Wednesday, dropping to the 5,889 level. This downturn was driven by negative macroeconomic sentiments, including rumours regarding S&P Global Ratings, a credit rating downgrade for Danantara Investment Management, and the weakening Rupiah.

PSI: Jokowi's Blusukan Will Not Become a Second Sun

The Indonesian Democratic Party of Swings (PSI) has clarified that former President Joko Widodo's regional visits are not intended to create a 'twin sun' dynamic within the Prabowo-Gibran administration. The party emphasised its commitment to supporting the new government's vision through its representatives in the Red and White Cabinet.

Dr Stevi Harman Highlights Challenges in Building a Health Ecosystem in NTT

Dr Stevi Harman, a member of the DPD RI Committee III, emphasises the urgent need for integrated national data to ensure government health programmes reach the right targets. She also addresses the socio-cultural barriers and data transition issues currently affecting healthcare access in East Nusa Tenggara.

Indonesian Defence Minister to Civil Servant Reserve Components: Your Sweat is for the Nation and Your People

The Indonesian Minister of Defence, Sjafrie Saria, has addressed Civil Servant (ASN) Reserve Components, emphasising the importance of continuous self-development and diverse experience. He reminded participants that their service is funded by the public and must be dedicated to the service of the nation.

TelkomMetra Reorganises Business Portfolio, AdMedika Group Set for Expansion Under Fullerton Health

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

BGN Office Searched Following Removal of Dadan Hindayana, Dasco Responds

The Attorney General's Office conducted a search of the National Nutrition Agency (BGN) office in Jakarta following the dismissal of its head, Dadan Hindayana. Deputy Speaker of the House, Sufmi Dasco Ahmad, stated that the parliamentary committee has provided evaluations to the government to improve the agency's governance.

Batam City Government Ensures Students Without Child Identity Cards Can Register for 2026 School Admissions

The Batam City Government has confirmed that prospective students without a Child Identity Card (KIA) are still eligible to participate in the 2026/2027 New Student Admission System (SPMB). This policy aims to ensure inclusive access to education and prevent any child from being deprived of their right to schooling due to administrative delays.

JCI Plummets by Nearly 5%! Foreign Investor Movement in Session 1

The Indonesia Composite Index (JCI) experienced a significant decline of 4.94% during the first trading session on Wednesday, 3 June 2026. Foreign investors recorded a net sell of Rp 525.4 billion, with major sell-offs occurring in blue-chip stocks such as Bank Central Asia and Chandra Asri Pacific.