Indonesian Political, Business & Finance News

Archive: 3 June 2026

Showing 1,151-1,200 of 1,696 articles

House of Representatives Respects Legal Process Regarding Alleged Violations at National Nutrition Agency

The Deputy Speaker of the House of Representatives, Sufmi Dasco Ahmad, has stated that the legal investigation into alleged irregularities within the National Nutrition Agency (BGN) is entirely the prerogative of law enforcement. This follows reports of a search by the Attorney General's Office at the agency's headquarters and the recent dismissal of the agency's head.

Observer: JCI declines as investors shift funds to safer assets

The Jakarta Composite Index (JCI) has experienced a significant decline as investors reduce exposure to risky assets in favour of safer alternatives. This movement is driven by domestic currency depreciation and heightened global economic uncertainty.

KPK Reveals Private Sector Involvement in Sting Operation Regarding Foreigner Stay Permits in West Jakarta

The Corruption Eradication Commission (KPK) has confirmed that private entities are involved in a recent sting operation concerning the illegal processing of stay permits for foreign nationals. The operation, which led to the arrest of the Head of the West Jakarta Immigration Office, is investigating potential bribery and extortion related to KITAS and KITAP services.

KPK Also Detains Private Sector Parties in Sting Operation Against West Jakarta Immigration Head

The Corruption Eradication Commission (KPK) has detained several private sector individuals during a sting operation involving the Head of West Jakarta Immigration. The investigation is reportedly linked to the processing of stay permits for foreign nationals in Indonesia.

MP Assesses Dadan Hindayana's Performance as Worthy of Appreciation Despite Removal from BGN Head

Member of Parliament Irma Suryani Chaniago has praised the contributions of Dadan Hindayana following his replacement as Head of the National Nutrition Agency (BGN). She highlighted the significant progress made in establishing Nutrition Fulfilment Service Units (SPPG) during his tenure.

From Nickel Ruler to Market Value Determiner

Indonesia has successfully transformed its nickel industry from a raw material exporter into a critical pillar of the global energy transition. Through downstreaming policies, the nation has shifted its position in the global supply chain, moving from a passive supplier to an influential player in the electric vehicle battery market.

Rising Fraud: Puteri Komarudin Highlights Misuse of Bank Accounts

Puteri Komarudin, a member of Commission XI of the Indonesian House of Representatives, has raised concerns regarding the frequent use of bank accounts to facilitate illegal transactions, including online scams and illegal lending. During a hearing on the revision of the Financial Sector Development and Strengthening Law (PPSK), she called for stronger preventative measures to protect the public from becoming victims of financial crime.

Under-Invoicing Practices Harm the State; Improving Export Governance is the Right Step

Experts support the Indonesian government's initiative to strengthen the export governance of strategic natural resources through Danantara Sumberdaya Indonesia (DSI). The move aims to combat long-standing under-invoicing practices that have caused massive revenue leakages, potentially reclaiming billions of dollars in export value.

Iran prepares large-scale funeral processions for Ali Khamenei

Tehran authorities have announced extensive funeral ceremonies for the late Supreme Leader of Iran, Ayatollah Ali Khamenei, to be held in Tehran, Qom, and Mashhad. The processions, expected to take place in mid-June, are anticipated to draw massive crowds of Muslim and Shia worshippers from across the region.

Sungrow Accelerates Time-to-Grid for Myanmar's Largest PV&BESS Power Base with 7-Day Commissioning

Sungrow has successfully commissioned Myanmar's largest photovoltaic and battery energy storage system (PV&BESS) project in just seven days. The project utilises advanced modular inverters and energy storage technology to enhance power supply reliability and support the regional transition towards a diversified energy mix.

House of Representatives defers legal handling of former National Nutrition Agency Head Dadan to Law Enforcement

The Deputy Speaker of the House of Representatives, Sufmi Dasco Ahmad, has stated that the legal proceedings regarding former National Nutrition Agency (BGN) Head Dadan Hindayana are now in the hands of law enforcement. This follows recent reports of searches conducted by the prosecutor's office at the BGN offices.

Cyber University Student Designs Futures Exchange System

An Information Systems and Technology student from Cyber University has successfully designed a full-stack architecture for the Jakarta Futures Exchange (JFX) as part of an internship programme. The project involved developing critical infrastructure, including database structures and API Gateways, to support high-speed financial data processing.

Head of BRIN emphasises AI must not compromise academic integrity

The Head of the National Research and Innovation Agency (BRIN), Arif Satria, has called for strict regulations on the use of Artificial Intelligence in research to prevent data falsification. He emphasised that AI should serve as an accelerator for innovation rather than a tool for generating fraudulent data to boost publication metrics.

Airline Association Urges 0 Per Cent Tax on Aircraft Spare Parts to Take Effect by 2026

The Indonesian National Air Carriers Association (INACA) is advocating for a zero per cent import tax on aircraft spare parts to be implemented by 2026. The association believes this fiscal incentive is crucial for reducing operational costs and enhancing national connectivity.

Government secures Rp8.85 trillion from sukuk auction this week

The Indonesian government has successfully raised Rp8.85 trillion through the auction of eight series of State Sharia Securities (SBSN), also known as sukuk. Total bids for the auction reached Rp26.05 trillion, reflecting strong investor interest in the sovereign instruments.

Sanitation workers clear marine waste in Jakarta waters to protect ecosystem

Sanitation workers in Jakarta are actively engaged in removing marine debris from local waters to safeguard the marine ecosystem. This initiative highlights ongoing efforts to manage urban waste and mitigate environmental degradation in the capital city.

KPK Seizes US Dollars and Precious Metals Following Sting Operation on West Jakarta Immigration Head

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 Class I Immigration Office. The anti-corruption agency is currently processing the evidence and determining the legal status of those detained during the operation.

Search of BGN Office Ongoing: An Overview of the Situation

Investigators from the Attorney General's Office's Special Crimes division are currently conducting a search at the National Nutrition Agency (BGN) headquarters. The raid follows the recent dismissal of three top officials and the subsequent appointment of new leadership.

US General Describes South Korea as 'Dagger in the Heart of Asia', Provoking North Korean Fury

North Korea has issued a fierce condemnation following remarks by US General Xavier Brunson, who described South Korea as a 'dagger in the heart of Asia'. Pyongyang views the statement as evidence of Washington's strategy to contain China, further escalating regional geopolitical tensions.

Military Prosecutor Demands 2.5-Year Prison Sentence for Four TNI Intelligence Personnel

A military prosecutor has requested a 2.5-year prison sentence for four Indonesian National Armed Forces (TNI) personnel accused of assaulting the Vice Coordinator of Kontras, Andrie Yunus. The prosecution alleges the attack was a premeditated act of revenge motivated by the victim's previous criticisms of the military institution.

National Police Headquarters fails to present testimony in Police Law judicial review hearing

The Indonesian National Police (Polri) was unable to present its testimony during a judicial review hearing at the Constitutional Court after the petitioners withdrew their application. The petitioners decided to retract their lawsuit regarding the independence of the police force, agreeing that the current structure under the direct authority of the President is optimal.

National Nutrition Agency Office Raided, Visitors Temporarily Barred

The Attorney General's Office has conducted a raid on the headquarters of the National Nutrition Agency (BGN) in Central Jakarta. The search comes amidst a recent leadership reshuffle within the agency, following President Prabowo Subianto's decision to replace the agency's head.

DPR Commission IX Provides Three Key Notes to New National Nutrition Agency Head

DPR Commission IX has expressed support for the appointment of Nanik Sudaryati Deyang as the new Head of the National Nutrition Agency (BGN). However, the commission has issued three critical mandates regarding budget governance, operational discipline, and cross-sector coordination to ensure the success of the Free Nutritious Meal programme.

Beware of 'El Nino Godzilla': Forest and Land Fires Threaten East Bangka

Residents in Bangka Regency, Bangka Belitung, have been urged to heighten vigilance as the extreme 'El Nino Godzilla' phenomenon threatens to trigger widespread forest and land fires. Local authorities have placed fire brigades on high alert, particularly in the East Bangka region, which is identified as a high-risk zone due to its dry terrain.

China's Massive Tree-Planting Campaign Completely Transforms the Nation

China's ambitious large-scale reforestation projects have successfully transformed arid regions into vast forests, but have triggered unforeseen hydrological consequences. While forest cover has increased significantly, the massive water consumption by new vegetation is causing freshwater shortages in key economic and agricultural regions.

Fintech Becomes a Target for Gen Z: Skills Required and Career Prospects

The rapid growth of digital finance is driving increased interest among Generation Z in pursuing careers within the fintech sector. To succeed, students must master a combination of financial systems, data analytics, and cybersecurity to meet the demands of an increasingly competitive digital economy.

BGN leadership shakeup aimed at boosting free meal program

President Prabowo Subianto has replaced the leadership of the National Nutrition Agency (BGN) to enhance the execution of the Free Nutritious Meal (MBG) programme. Nanik S. Deyang has been appointed as the new head of the agency to ensure better governance and coordination in delivering nutrition to 82.9 million beneficiaries nationwide.

IDX Composite Plummets to 5-Year Low: Heading Back to Pandemic Levels?

The Indonesia Stock Exchange (IHSG) has experienced a significant downturn, dropping nearly 5% to its lowest level in five years. This sharp decline is driven by a sell-off in blue-chip and conglomerate stocks following warnings from global index providers regarding overvalued assets.

Doctors Urge Pregnant Women to Consume Vitamins to Prevent Cleft Lip

Medical professionals are advising pregnant women to maintain regular vitamin intake and avoid excessive fatigue to reduce the risk of babies being born with cleft lips. The initiative highlights the importance of prenatal care through community health centres to ensure proper embryonic development.

Speculation Mounts Over Detention of Dadan Hindayana and Others; Attorney General's Office to Issue Official Statement

Reports suggest that former Head of the National Nutrition Agency, Dadan Hindayana, and two former deputies were picked up by authorities during a raid on the agency's office. The Attorney General's Office has confirmed the search of the BGN headquarters but has yet to officially comment on the status of the individuals involved.

Minister of Forestry pushes for integration of social forestry with worker protection

The Indonesian Minister of Forestry, Raja Juli Antoni, is advocating for the integration of social forestry programmes with health and employment insurance. The initiative aims to provide BPJS Kesehatan and BPJS Ketenagakerjaan coverage to approximately 4.2 million people living near forest areas to enhance social welfare.

Safeguarding National Sovereignty: BNPP Strengthens Border Area Spatial Planning Capabilities

The National Border Management Agency (BNPP) of Indonesia has launched a technical guidance programme to enhance the capacity of central and regional officials in border spatial planning. The initiative aims to ensure effective, competitive, and sustainable regional development to protect national sovereignty.

KPK Conducts Sting Operation at West Jakarta Immigration Office, Detaining Dozens Including Head of Office Ronald Arman Abdullah

The Corruption Eradication Commission (KPK) has conducted a sting operation at the West Jakarta Immigration Office, detaining over a dozen individuals including the Head of the Class I Non-TPI West Jakarta Immigration Office. The operation, which also involves civil servants from the Ministry of Immigration and Correctional Services, is part of an ongoing investigation that is expanding to Bali and West Java.

Update! US-Iran War Breaks Out Again, Drones and Missiles Strike Kuwait and Bahrain

Escalating conflict between the United States and Iran has led to missile and drone attacks targeting US military bases in Bahrain and Kuwait. The US military responded by disabling an oil tanker and striking IRGC towers in Iran, as regional tensions continue to rise.

Dudung Admits Using Personal Funds for Duties, Requests KSP Budget be Separated from State Secretariat

The Chief of Staff to the President, Dudung Abdurachman, has requested that the Presidential Staff Office (KSP) be granted an independent budget separate from the State Secretariat. He revealed that insufficient funding has previously forced him to use his personal money to cover official operational costs.

OJK and AAJI Address the Impact of BI Rate Hike on the Insurance Industry

The Financial Services Authority (OJK) and the Indonesian Life Insurance Association (AAJI) have highlighted the risks posed by the 50 basis point increase in the BI Rate. The hike is expected to lower the market value of investment instruments and create liquidity challenges for insurance companies managing policyholder claims.

SPPG halal certifications ensure free meal quality: BPJPH

The Indonesian Halal Product Assurance Agency (BPJPH) is actively promoting halal certification for kitchens involved in the free meal programme. This initiative aims to ensure that all food and beverages distributed under the scheme comply with Law No. 33 of 2014, guaranteeing safety and legal certainty for beneficiaries.

QRIS Reaches 63 Million Users as of April 2026, Utilised by 45 Million Merchants Primarily MSMEs

Bank Indonesia has reported a significant year-on-year growth of 108.43% in QRIS transactions, with the user base reaching 63 million. The digital payment ecosystem continues to expand, with over 45 million merchants, mostly micro, small, and medium enterprises (MSMEs), now utilising the system.

DPR RI: Dadan Hindayana's Hard Work in Achieving SPPG Targets Deserves Appreciation

A member of Commission IX of the Indonesian House of Representatives (DPR RI) has praised the former Head of the National Nutrition Agency, Dadan Hindayana, for his efforts in developing Nutrition Fulfilment Service Units (SPPG). The statement follows President Prabowo Subianto's decision to replace Hindayana with Nanik Sudaryati Deyang.

Ministry of Religious Affairs Facilitates Resolution for GMS Bantul; Special Staff Asserts State Presence to Guarantee Freedom of Worship

The Indonesian Ministry of Religious Affairs is acting as a mediator to resolve the ongoing dispute regarding the Mawar Sharon Church (GMS) in Bantul. The Ministry aims to bridge communication between the church and the Bantul Regency Government to ensure administrative issues are settled peacefully and constitutional rights to worship are protected.

Floods Submerge 7 Districts in Lutra: 12,000 Residents Affected and Hundreds Evacuated

Severe flooding in the East Luwu (Lutra) Regency has impacted 12,000 residents across seven districts, leading to the declaration of an emergency response status. The disaster has damaged numerous public facilities, including schools, places of worship, and critical infrastructure such as bridges and roads.

Judge Rejects Pre-trial Motion of Former Lampung Governor in PI Fund Corruption Case

A single judge has dismissed the pre-trial petition filed by the former Governor of Lampung regarding his suspect status in a corruption case involving PI funds. The court ruled that the use of BPKP audit results to calculate state losses is legally valid and does not exclusively belong to the BPK.

Apple Smart Glasses Launch Reportedly Delayed to Late 2027

Apple is reportedly pushing back the release of its smart glasses, previously expected in 2026, to late 2027. The delay provides the tech giant more time to integrate the next generation of its AI-powered virtual assistant, Siri.

Hanania Travel Boss Charged with Embezzlement; Money Laundering Under Investigation

The head of Hanania Travel, Ahmad Syah Farhan, has been named a suspect in an embezzlement case involving failed Umrah pilgrimages. Investigators are currently examining allegations of money laundering after discovering that funds intended for pilgrims were diverted to pay for influencer marketing.

Rupiah Continues to Weaken, Banks Sell Dollars Above Rp 18,000

The Indonesian Rupiah has experienced a further decline against the US Dollar, with several banks setting selling rates above the Rp 18,000 mark. This depreciation trend has prompted major domestic and international banks to adjust their foreign exchange rates accordingly.

Military Prosecutor: Acid Attack on Andrie Yunus was an Act of Revenge

A military prosecutor in Jakarta has characterised the acid attack on human rights activist Andrie Yunus as an act of extra-legal revenge by members of the TNI's Strategic Intelligence Agency (BAIS). The prosecution is seeking a prison sentence of two and a half years for the four soldiers involved in the premeditated assault.

KSP conducts 81 field checks on priority programs in 2026

The Presidential Chief of Staff, Dudung Abdurachman, has announced that the KSP is intensifying its monitoring of 17 national priority programmes. These oversight activities include verifying progress in sectors such as food self-sufficiency, energy, healthcare, and downstream industries to ensure effective implementation and inter-agency coordination.

KPK Conducts Sting Operation in West Jakarta, Detaining Dozens Including Immigration Office Head

The Corruption Eradication Commission (KPK) has detained over a dozen individuals following a sting operation at the West Jakarta Immigration Office. Among those apprehended is Ronald Arman Abdullah, the Head of the West Jakarta Class I Non-TPI Immigration Office.

More Than Just a Holiday! UNM Invites Students to Explore Asia's Innovation Ecosystem via 2026 Edutrip

Universitas Nusa Mandiri (UNM) has announced its third batch of the Singapore-Malaysia Edutrip programme, scheduled for November 2026. The initiative aims to enhance students' global perspectives by exposing them to international innovation ecosystems and modern business environments.

With Only Two Minutes of Training, This Robotic Hand Successfully Mimics Piano Melodies Through Hearing

Researchers at the University of Southern California have developed 'Musician Hand', a robotic hand capable of playing piano melodies by ear after just two minutes of random exploration. This breakthrough in perceptual robotics holds significant potential for medical applications, such as assisting patients with stroke or Parkinson's disease through adaptive exoskeletons.