Indonesian Political, Business & Finance News

Archive: 3 June 2026

Showing 1,101-1,150 of 1,696 articles

Ebola Cases in Congo Surpass 300

The Ebola outbreak in the Democratic Republic of Congo has escalated, with confirmed cases exceeding 300 and 48 deaths reported. Health authorities are battling misinformation and community resistance while working alongside the WHO to expand treatment capacity and implement vaccine trials.

TelkomMetra Strengthens Business Portfolio Restructuring, AdMedika Group Set for New Era

PT Multimedia Nusantara (TelkomMetra) has officially signed a Sale and Purchase Agreement with Fullerton Health for the full divestment of AdMedika Group. This strategic move aligns with the Danantara Indonesia streamlining mandate to refocus TelkomGroup on its core telecommunications and digital business sectors.

Only 35 Lapindo Compensation Files Remain Unresolved, One Victim Demands Rp1 Trillion

PT Minarak Lapindo Jaya has announced that only 35 compensation files remain for residents affected by the Lapindo mudflow in Sidoarjo. The company faces challenges including land-use discrepancies, inheritance disputes, and an irrational claim for Rp1 trillion from a single victim.

The End of Cheap Rp 1.5 Million Smartphones in Indonesia: ITC Traders Reveal the Facts

The era of affordable smartphones priced around Rp 1.5 million is coming to an end in Indonesia due to rising component costs and currency fluctuations. Traders at ITC Kuningan report that the US dollar's strength and a global memory chip shortage are driving up prices for low-end devices.

Immigration Chief in West Jakarta Caught in Sting: KPK Seizes US Dollars and Precious Metals

The Corruption Eradication Commission (KPK) has seized significant evidence, including US dollars, Singapore dollars, and gold, following a sting operation involving the Head of the West Jakarta Immigration Office. The operation, which also led to the arrest of several others, is linked to alleged bribery regarding stay permits for foreign nationals.

DGIP Resolves 104 Intellectual Property Disputes Through Mediation

The Directorate General of Intellectual Property (DGIP) has successfully mediated 104 intellectual property disputes using its online complaint system since 2022. This initiative aims to provide a faster, more efficient, and legally certain alternative to lengthy litigation for copyright and trademark holders.

Pertamina Commissioners Inspect Petrol Stations in Bali

The Board of Commissioners of Pertamina conducted a series of inspections at several petrol stations in Denpasar and Sanur, Bali, to ensure service standards and fuel availability. The visit focused on maintaining high-quality service, promoting non-subsidised fuel products, and encouraging station innovation to increase non-fuel revenue.

Serang City's Perumdam Tirta Madani Establishes Partnership with PT Jaya Dinasty Indonesia

Perumdam Tirta Madani, the regional water utility of Serang City, has signed a bulk water supply agreement with PT Jaya Dinasty Indonesia (JDI) to support industrial operations in the Kasemen district. This B2B collaboration aims to boost regional revenue while protecting local groundwater resources from industrial exploitation.

JCI Plummets 4 Per Cent, MNC Sekuritas Predicts Continued Downtrend

The Jakarta Composite Index (JCI) experienced a significant drop of over 4 per cent, driven by massive foreign capital outflows and a weakening Rupiah. Analysts suggest that the downward trend is likely to persist as the currency approaches the 18,000 level against the US Dollar.

Jokowi's Legal Counsel Urges Roy Suryo to Face Trial with Integrity

Legal counsel for Indonesia's 7th President, Joko Widodo, has called on Roy Suryo to respect the ongoing legal process regarding allegations of a forged diploma. The request follows the announcement by the Metro Jaya Police that the case files against Roy Suryo and Dr Tifa are complete and ready for trial.

Mysterious Fires Linked to Potential Methane Gas Leaks in Sleman

Experts from UPN 'Veteran' Yogyakarta are investigating a series of mysterious fires in Seyegan, Sleman, which may be caused by methane gas escaping from underground. The investigation follows a pattern of 81 separate fire incidents in the area, with researchers now using geophysical mapping to trace the gas source.

Coal Exports Must Pass Through State-Owned Enterprise DSI: Reactions from BUMI and BYAN Issuers

Major Indonesian coal producers, including Bumi Resources and Bayan Resources, are awaiting further regulatory clarity following the government's plan to centralise strategic natural resource exports through the state-owned enterprise PT Danantara Sumberdaya Indonesia (DSI). While companies express support for improved governance, they remain unable to assess the potential impact on revenues and operations until the official Government Regulation is released.

iPhone 18 Pro may feature different battery variants for China and US

Leaked reports suggest Apple is preparing two different battery capacities for the iPhone 18 Pro to cater to different regional markets. The device may also feature an upgraded variable aperture camera system, though production costs are expected to rise.

Cable Theft Gang Targeting KRL Signal Lines Active for Two Years

Banten Regional Police have dismantled a gang responsible for stealing signal cables from the Commuter Line (KRL) network in Lebak and Tangerang. The theft, which targeted critical infrastructure, caused significant operational disruptions to the railway signalling system.

Palm Oil Commodity Trading Strengthens, Demand for Price Transparency Increases

Trading activity for Olein at the Jakarta Futures Exchange (JFX) saw a significant surge in May 2026, driven by the need for transparent price references. The increase in transaction volume and value highlights the growing importance of futures trading in managing risks within the global vegetable oil supply chain.

ASEAN Business Advisory Council (ASEAN-BAC) and AVPN Establish Regional Platform

The ASEAN Business Advisory Council and AVPN have launched the ASEAN CSR Working Group to coordinate corporate philanthropy and social investment across the region. The initiative aims to mobilise private capital to support sustainable economic transformation and address structural barriers facing MSMEs in Southeast Asia.

Indonesia free meals agency office locked down as investigators raid premises

Investigators from the Attorney General's Office raided the headquarters of Indonesia's National Nutrition Agency following the dismissal of its head, Dadan Hindayana. The raid occurs amidst scrutiny of President Prabowo Subianto's flagship free meals programme, which faces concerns regarding governance, food quality, and fiscal sustainability.

House of Representatives states President's overseas visits are based on necessity

Deputy Speaker of the House, Sufmi Dasco Ahmad, has defended President Prabowo Subianto's international travel frequency, stating that visits are driven by global geopolitical dynamics. He emphasised that the number of trips should not be strictly limited, as the government must remain responsive to shifting international situations.

Number of foreign tourist arrivals to Riau reached 25,462 in April 2026

Foreign tourist arrivals to Riau province saw a 7.43 per cent decline in April 2026 compared to the previous month. Despite the dip, air travel remains the primary mode of entry, with Malaysian nationals constituting the largest group of visitors.

From US Dollars to Precious Metals: Evidence Seized by KPK in West Jakarta Immigration Chief Sting Operation

The Corruption Eradication Commission (KPK) has seized various items, including US dollars, Singapore dollars, and gold, following a sting operation involving the Head of the West Jakarta Immigration Office. The investigation is suspected to involve extortion related to the processing of Temporary Stay Permits (KITAS) for foreign nationals.

TASPEN: 99 per cent of pensioners receive 13th-month salary on first day

PT TASPEN (Persero) has successfully distributed the 2026 13th-month salary to 99.14 per cent of civil servant pensioners on the first day of disbursement. The total value of the disbursement has increased to Rp10.83 trillion, reflecting a rise in both the number of beneficiaries and the total fund allocated.

Purwakarta Customs Thwarts Shipment of 1.76 Million Illicit Cigarettes on Jakarta–Cikampek Toll Road

Customs officials in Purwakarta intercepted a massive shipment of 1.76 million illegal cigarettes being transported via a box truck. The seizure, valued at approximately Rp 2.61 billion, represents a potential loss of Rp 1.31 billion in state revenue.

Rupiah Hits Worst Record, Is the BI Rate Hike Ineffective?

The Indonesian Rupiah has hit a historic low against the US Dollar, driven by global pressures and a significant decline in Indonesia's trade surplus. Economists suggest that Bank Indonesia's interest rate hikes may be losing efficacy due to underlying concerns regarding the nation's fiscal credibility and market confidence.

Government Absorbs Rp8.85 Trillion from Sukuk Auction

The Indonesian government successfully raised Rp8.85 trillion through the auction of eight series of Sharia-compliant securities (SBSN) on Tuesday. The auction saw significant investor interest, with total incoming bids reaching Rp26.05 trillion across various maturities.

Launch of the First Global Switchgear to Meet PLN Standards

ABB Indonesia has introduced UniSec SPLN, the first global switchgear adapted specifically to meet Indonesia's national technical standards (SPLN). The product has entered PT PLN's procurement system and features a local content level (TKDN) of over 25%, supporting the modernisation of the national electricity distribution network.

Bulog Yogyakarta absorbs 178,000 tonnes of rice equivalent

Perum Bulog's Yogyakarta regional office has achieved 91 per cent of its 2026 procurement target, absorbing 178,000 tonnes of rice equivalent by early June. This significant achievement supports national food security efforts and strengthens the Government Rice Reserve (CBP) through strategic partnerships with farmers and local authorities.

From Startups to Property, WGSH Expands Technology-Based Investments

PT Wira Global Solusi Tbk (WGSH) is repositioning itself as a diversified technology-driven investment holding company. The company plans to expand its portfolio across sectors including property, agribusiness, and circular economy projects through strategic acquisitions and capital increases.

KPK: Sting Operation at West Jakarta Immigration Linked to Bribery for Foreigner Stay Permits

The Corruption Eradication Commission (KPK) has conducted a sting operation involving the Head of the West Jakarta Immigration Office, Ronald Arman Abdullah, regarding alleged bribes for KITAS and KITAP permits. The operation has resulted in the detention of dozens of individuals, with investigations expanding to Bali and West Java.

Indonesia, Qatar deepen defense industry ties through joint venture

Indonesia and Qatar have formalised a strategic joint venture between Republikorp and Barzan Holdings to develop advanced defence technologies, including firearms and unmanned vessels. The agreement aims to bolster Indonesia's domestic defence industry through enhanced production capabilities and technical knowledge transfer.

ASF Threat: Badung Farmers Prohibited from Feeding Pigs with Hotel Food Scraps

The Badung Regency Agriculture and Food Office has banned pig farmers from using food leftovers from hotels and restaurants to prevent the spread of African Swine Fever (ASF). This preventive measure follows recent sudden livestock deaths and aligns with national-level alerts regarding rising ASF cases in the Asia-Pacific region.

Responding to Dino Patti Djalal's Criticism, Dasco: President's Overseas Trips are Brief

Deputy Speaker of the House of Representatives, Sufmi Dasco Ahmad, has defended President Prabowo Subianto's frequent overseas visits against criticisms regarding high costs. Dasco emphasised that the President's international trips are brief, purposeful, and driven by dynamic geopolitical strategies.

Indonesia, Hungary Forge Green Energy Partnership in Batang SEZ

The Batang Industropolis Special Economic Zone (SEZ) has secured two Memorandums of Understanding with Hungarian firms Merlion Tech Ltd and Iconic Energi Kft to develop green energy projects. This partnership aims to enhance renewable energy and environmental sustainability while strengthening economic diplomacy between Indonesia and Hungary.

Defence Minister Urges Civil Servant Reserve Components to Provide Best Service to the People

Defence Minister Sjafrie Sjamsoeddin has called upon newly trained Civil Servant Reserve Component (Komcad ASN) members to deliver exceptional public service. He emphasised that since their training is funded by the public, these officials must act as a reliable pillar of trust during national challenges.

High Market Response: Pegadaian Timor Leste Achieves Brilliant Performance

PT Pegadaian has reported significant success following its international expansion into Timor Leste, processing over 600 transactions with a turnover exceeding USD 329,882 within two months. The expansion is part of a strategic move by the BRI Group's Ultra Micro Holding to enhance financial inclusion and support local MSMEs in the region.

Bank Indonesia Bali anticipates inflation risks due to economic dynamics and weather

Bank Indonesia's Bali representative office, in collaboration with the Regional Inflation Control Team, is implementing strategic measures to mitigate inflation risks. The focus remains on managing price volatility driven by religious holidays, seasonal tourism, and potential weather disruptions affecting food production.

KPK Chair: Closed Investigation at Directorate General of Immigration is Underway

The Chairman of the Corruption Eradication Commission (KPK) has confirmed that a closed investigation is currently being conducted within the Directorate General of Immigration. The probe follows a recent sting operation in West Jakarta allegedly involving officials suspected of extortion related to foreign worker permits.

Soekarno-Hatta Airport Optimises Services for Disabled and Elderly Hajj Pilgrims

PT Angkasa Pura Indonesia has enhanced specialised services at Soekarno-Hatta International Airport to support the arrival of Hajj pilgrims. The improvements focus on accessibility for the elderly and persons with disabilities, significantly reducing transit times through Terminal 2F.

Video: Attorney General's Office Raids National Nutrition Agency Office, Here is the Footage

The Attorney General's Office conducted a raid on the National Nutrition Agency (BGN) headquarters in Kebon Sirih, Central Jakarta, on Wednesday. As of the time of reporting, the specific legal case or motive behind the search remains undisclosed by authorities.

Rupiah Weakens! A Snapshot of Dollar Exchange at Money Changers

The Indonesian Rupiah has faced renewed pressure, breaching the Rp17,926 per US Dollar level. This depreciation occurs alongside reports from the Central Bureau of Statistics showing a significant contraction in Indonesia's trade surplus for April 2026.

Former Ministry of Social Affairs Official Arrested Over Rp6.4 Billion Fishing Boat Aid Corruption

Investigators from the Ende Police have arrested a former official from the Ministry of Social Affairs, identified by the initials RR, in connection with a corruption scandal involving fishing boat aid. The alleged corruption, which involves funds intended for local fishing groups in Ende Regency, has resulted in an estimated state loss of Rp6.4 billion.

Through Politics, Dr Stevi Harman Fights for Healthcare Access in NTT

Dr Stevi Harman, a member of the Regional Representative Council (DPD RI), aims to utilise political influence to improve healthcare accessibility in East Nusa Tenggara (NTT). She emphasises the need for integrated data and better infrastructure to address the challenges posed by the region's difficult geography and limited medical personnel.

Corruption Loopholes in KITAS and KITAP Exposed in KPK Sting Operation at West Jakarta Immigration

The Corruption Eradication Commission (KPK) has uncovered a bribery scandal involving the processing of Limited Stay Permits (KITAS) and Permanent Stay Permits (KITAP) for foreign nationals. The sting operation led to the arrest of the Head of the West Jakarta Immigration Office and several private sector individuals.

Promoting Healthy Lifestyles: UNM Master's Students Launch 'Sehat Rasa' Health Startup

Master's students from Universitas Nusa Mandiri (UNM) have developed 'Sehat Rasa', an integrated digital health platform. The application offers features such as doctor consultations, calorie calculators, and personalised diet recommendations to promote sustainable healthy living.

Is This the Case Prompting the Attorney General's Office to Raid BGN Offices?

The Attorney General's Office has conducted a raid on the National Nutrition Agency (BGN) offices in Central Jakarta. The investigation is reportedly linked to allegations of corruption involving the sale of nutrition service unit (SPPG) procurement projects.

Series of Events for Jakarta's 499th Anniversary in Kota Tua: Check the Schedule

The Jakarta Provincial Government has announced a series of cultural and community events in the Kota Tua area to celebrate the city's 499th anniversary in June 2026. Under the theme 'Moving Towards a New Era of Jakarta', the festivities aim to promote local heritage and community engagement.

SRBI Under Scrutiny! Himbara States Holdings Only Rp80 Trillion, Yet Credit Growth Remains Strong

The Association of State-Owned Banks (Himbara) has clarified that its placement in Bank Indonesia's Rupiah Securities (SRBI) is minimal, despite concerns over competition. While high-yield instruments like SRBI and Government Securities (SBN) pose challenges to bank intermediation, Himbara reports robust double-digit credit growth.

Alleged Parent of PNJ Student Viral for Same-Sex Kissing Incident: I Am Ashamed, This Is a Family Disgrace

A distressing incident involving two men kissing on the Jakarta State Polytechnic (PNJ) campus has gone viral, causing significant social upheaval. The father of one of the students was seen weeping and apologising publicly, describing the event as a profound disgrace to his family.

Askrindo provides maritime micro-insurance in Demak Regency

PT Asuransi Kredit Indonesia (Askrindo) has entered into a partnership with the Demak Regency government to provide maritime micro-insurance for local fishermen. The initiative aims to protect small to medium-scale fishing vessels and enhance the economic resilience of the coastal community.

Two Unit Chiefs and One Police Chief Mutated in East Sumba

Three high-ranking officers within the East Sumba Police District have undergone a rotation of duties as part of a career development initiative. The reshuffle includes new appointments for the Narcotics Unit, the Criminal Investigation Unit, and the Haharu Sector Police Chief.

Indonesian Oil Production Reaches 576,200 Barrels Per Day as of May 2026

Indonesia's national oil lifting reached 576,200 barrels per day by the end of May 2026, slightly below the annual target of 610,000 bpd. SKK Migas officials provided an outlook for 2027 and discussed the impact of Indonesian Crude Price (ICP) fluctuations on fuel subsidies.