Indonesian Political, Business & Finance News

Archive: 3 June 2026

Showing 1,301-1,350 of 1,696 articles

Regarding the Inauguration of BGN Head, State Secretary: We Will Announce Later

State Secretary Prasetyo Hadi has confirmed that the newly appointed leadership of the National Nutrition Agency (BGN) can begin their duties immediately following President Prabowo Subianto's recent structural reshuffle. The changes aim to improve organisational governance and ensure stricter adherence to operational standards for national nutrition programmes.

JCI drops 4 per cent, stock analysts cite rupiah weakness as primary burden

The Jakarta Composite Index (JCI) experienced a significant decline of over 4 per cent, driven by the depreciation of the rupiah against the US dollar. Analysts suggest that geopolitical tensions in the Middle East and rising global oil prices are further contributing to market volatility.

Silvio Napoli Appointed CEO of Lucid Following Leadership Transition

Lucid Group, Inc. has announced the appointment of Silvio Napoli as its new Chief Executive Officer, effective immediately. Napoli, formerly the Chairman and CEO of the Schindler Group, aims to focus on cost competitiveness and operational efficiency to drive long-term value.

DKI Jakarta Provides Free Cleft Lip Surgeries at Tebet and Cempaka Putih Regional Hospitals

The Jakarta Provincial Government has launched a free cleft lip and palate surgery programme at RSUD Tebet and RSUD Cempaka Putih as part of the 'Five Centuries of Jakarta' celebrations. The initiative aims to provide accessible, high-quality healthcare to residents, with the government offering the service to both Jakarta ID holders and those from outside the province.

Government Allocates Rp3 Billion Per Year for Presidential Staff Office Official Travel

The Presidential Staff Office (KSP) has been allocated Rp3 billion annually for official business travel, as confirmed by Chief of Staff Dudung Abdurrachman. The announcement was made during a working meeting with Commission XIII of the Indonesian House of Representatives regarding the office's budget efficiency and total allocations.

BP Batam: International direct calls at Batu Ampar surge by 212 per cent

The Batu Ampar Container Terminal has seen a significant 212 per cent year-on-year increase in international direct shipping calls between January and May 2026. This growth, driven by the addition of new shipping lines, strengthens Batam's position as a strategic logistics hub within the Malacca Strait.

Rupiah Hits Rp17,926 per US Dollar Amid Rising Oil Prices

The Indonesian rupiah has faced significant pressure, breaching the Rp17,926 level against the US dollar due to rising global oil prices and geopolitical tensions in the Middle East. Analysts warn that the currency could potentially reach the Rp18,000 mark next week as demand for US dollars increases for energy imports and debt obligations.

Anua Appoints Kendall Jenner as First Global Brand Ambassador

South Korean skincare brand Anua has announced Kendall Jenner as its first global brand ambassador to spearhead its international expansion. The move coincides with the launch of a new global campaign for its PDRN Collagen Glow Facial Serum Spray, following the brand's significant revenue growth in the US market.

Biak Police Provide Trauma Healing to Residents Affected by Bomb Explosion

The Biak Numfor Police have deployed 36 female officers to provide psychological support and trauma healing to residents affected by a suspected World War II-era bomb explosion. The initiative aims to assist victims, particularly children, in recovering from the psychological impact of the incident.

Tensions Escalate: Iran Attacks US Military Assets in Kuwait and Bahrain

The Iranian military has launched two waves of missile and drone attacks targeting US military assets in Kuwait and Bahrain. In response, US Central Command (CENTCOM) conducted defensive strikes against Iranian ground control stations on Qeshm Island.

INACA pushes for sustainable aviation ecosystem towards 2045

The Indonesian National Air Carriers Association (INACA) is calling for enhanced collaboration among aviation stakeholders to build a sustainable industry. This initiative aims to strengthen the air transport sector's contribution to national economic growth in preparation for the 'Indonesia Emas 2045' vision.

Iranian Parliamentary Spokesperson States Tehran Aims to 'Nationalise' Strait of Hormuz

An Iranian parliamentary spokesperson has announced Tehran's intention to nationalise the Strait of Hormuz, drawing parallels to the historical nationalisation of Iran's oil industry. The move comes amid heightened geopolitical tensions and threats from the United States regarding transit fees and maritime control in the strategic waterway.

Banten Deputy Speaker Yudi Budi Wibowo Supports Prabowo's Decision to Replace Head of National Nutrition Agency

The Deputy Speaker of the Banten Regional House of Representatives has expressed support for President Prabowo's recent reshuffle of the National Nutrition Agency (BGN) leadership. The move is seen as an opportunity to optimise the Free Nutritious Meal (MBG) programme to improve child nutrition and stimulate the local economy in Banten.

Foreign Media Highlight Prabowo's Replacement of National Nutrition Agency Head

President Prabowo Subianto has dismissed Dadan Hindayana as the head of the National Nutrition Agency (BGN), replacing him with Nanik Sudaryati Deyang. The move follows reports of mass food poisoning incidents and corruption allegations involving the flagship free school meal programme.

Village Head in Sleman Entangled in Village Treasury Land Mafia Case Again

The Village Head of Condongcatur, Reno Candra Sangaji, has been named a suspect in a corruption case involving the unauthorised leasing of village treasury land, causing estimated state losses of Rp 1 billion. This incident marks the latest in a series of similar land mafia scandals involving various village officials in the Sleman Regency.

Four TNI BAIS Members Charged with Acid Attack on Andrie Yunus Face 2.5-Year Prison Sentence

Four members of the Indonesian Military Intelligence Agency (BAIS) have been sentenced to two and a half years in prison following an acid attack on human rights activist Andrie Yunus. The military prosecutor argued that the defendants' actions violated military codes of conduct and tarnished the reputation of the TNI.

Bandung Mayor Partners with Brimob to Combat Street Robberies

Bandung Mayor Muhammad Farhan has formed a joint task force with the West Java Brimob Battalion to prevent and tackle increasing street robbery incidents. The initiative aims to bolster security through joint patrols to protect the city's status as a major tourist destination.

Manufacturing PMI Rises, Apindo: Not Yet a Strong Recovery

The Indonesian Employers Association (Apindo) warns that the recent rise in the manufacturing Purchasing Managers' Index (PMI) to 50.0 represents stabilisation rather than a robust recovery. While domestic demand provides support, high input costs and Rupiah volatility continue to pose significant risks to the industrial sector.

Indonesia Deemed Remains Attractive Amid Global Trade Dynamics

During the Asian Investment Conference 2026, Indonesia's Deputy Finance Minister Suahasil Nazara highlighted the nation's economic resilience driven by strong domestic consumption and fiscal discipline. Analysts from UBS echoed this sentiment, noting that Indonesia's stable growth prospects are supported by prudent monetary policies and a robust manufacturing sector.

AHY Urges Indonesian Diaspora in Russia to Strengthen Investment and Innovation

The Coordinating Minister for Infrastructure and Regional Development, Agus Harimurti Yudhoyono, has called upon the Indonesian diaspora in Russia to play a larger role in national development. He highlighted opportunities for investment, technology transfer, and trade to support Indonesia's 8% economic growth target.

BP BUMN Targets Streamlining PLN Group from 44 Business Entities to 23

The Head of BP BUMN, Dony Oskaria, has announced a plan to consolidate PLN Group's 44 business entities into 23 by 2028. This restructuring aims to enhance operational efficiency, strengthen corporate governance, and support national energy security through a more integrated business structure.

Austrian Tourists' Remains to be Cremated in Bali Following Fatal Bridge Collapse

The bodies of two Austrian tourists who died after falling from a dilapidated suspension bridge in West Manggarai will be cremated in Bali. Following coordination with the Austrian Embassy, the remains are being transferred to Bali before the ashes are returned to Austria.

Minister of Immigration Respects KPK Sting Operation Involving West Jakarta Immigration Official

The Minister of Immigration has expressed respect for the ongoing legal process following a Corruption Eradication Commission (KPK) sting operation. The operation, which targeted officials in West Jakarta, West Java, and Bali, involves allegations of bribery related to foreign national residency permits.

Prabowo and Megawati Align, Democrats State SBY Welcomes Move Positively

The Democratic Party has expressed support for the growing political alignment between President Prabowo Subianto and Megawati Sukarnoputri. Former President Susilo Barmomo Yudhoyono (SBY) reportedly views this unity as a positive development for national stability and economic progress.

Sumatra Rice Fields Recovering, Planting Area Increases by 44 Per Cent in 20 Days

The Post-Disaster Rehabilitation and Reconstruction Task Force (Satgas PRR) has successfully increased the planting area in Sumatra by 44 per cent over a 20-day period. Efforts are focused on restoring paddy fields damaged by floods to strengthen regional food security before the peak of the dry season.

Many Millennials Give Up, No Longer Dreaming of Owning a Home

A recent survey highlights a growing sense of despair among millennials regarding housing affordability, with many abandoning plans to purchase property. The report notes that high prices and low supply are driving this trend, with Indonesia ranked among the most unaffordable countries globally.

KPK Conducts Sting Operation Involving West Jakarta Immigration Official

The Corruption Eradication Commission (KPK) has conducted a sting operation involving the Head of the West Jakarta Immigration Office and several others. The operation, which spanned West Jakarta, West Java, and Bali, is linked to alleged bribery regarding residency permits for foreign nationals.

Purbaya to Summon PT DSI if Export Taxes Do Not Increase

Finance Minister Purbaya Yudhi Sadewa has stated that he will investigate PT Danantara Sumberdaya Indonesia (DSI) if the company fails to boost state revenue. The Minister expects the state-owned export entity to curb practices such as under-invoicing and tax evasion, thereby increasing national income without the need for tax hikes.

From Indonesia to Palestine, Green Kurban Sinergi Foundation Reaches 48,183 Beneficiylees

The Sinergi Foundation's Green Kurban 2026 programme has successfully distributed sacrificial meat to over 48,000 people across Indonesia, Palestine, and Chad. The initiative focuses on sustainable impact by empowering local farmers, implementing eco-friendly distribution methods, and supporting humanitarian efforts in conflict zones.

Attorney General's Office Detains Dadan Hindayana and Others for Questioning

The Attorney General's Office has detained the former head of the National Nutrition Agency, Dadan Hindayana, and two former deputies for intensive questioning. This development follows a dawn raid on the agency's offices and comes shortly after President Prabowo Subianto dismissed the agency's leadership.

Commotion as Attorney General's Office Raids National Nutrition Agency and KPK Conducts Sting on Immigration Official

The Attorney General's Office has conducted a raid on the National Nutrition Agency (BGN) following the dismissal of its top leadership by President Prabowo Subianto. Simultaneously, the Corruption Eradication Commission (KPK) carried out a sting operation involving an immigration official in West Jakarta regarding foreign national permits.

BGN's New Leader Can Perform Tasks Directly, Government Ensures MBG Stays On Track

The Indonesian government has confirmed that the recent leadership reshuffle at the National Nutrition Board (BGN) will not disrupt the Free Nutritious Meal Program (MBG). Minister of State Prasetyo Hadi stated that the newly appointed officials are authorised to carry out their duties immediately to ensure the programme's continued effectiveness.

Breaking News! JCI Plummets 4%

The Indonesia Composite Index (JCI) experienced a significant drop of over 4%, falling below the 6,000 psychological level during Wednesday's trading. This sharp decline coincided with a weakening Rupiah, which hit a new all-time low against the US Dollar.

Legalising Illegal Cigarettes Erodes Revenue, Triggers Economic Instability

The Indonesian government's plan to create a new tax layer to legalise illegal cigarette producers has sparked significant controversy. Experts warn that this policy could halve the tobacco industry's contribution to state revenue and threaten the livelihoods of six million workers.

KPK Sting Operation Targets Immigration Official in West Jakarta Over Foreigner Permit Processing

The Corruption Eradication Commission (KPK) has conducted a sting operation in West Jakarta, resulting in the arrest of an official from the Directorate General of Immigration. The operation is reportedly linked to irregularities in the processing of permits for foreign nationals.

Condition of Padang State University Student Hit by Stray Bullet on Campus

A female student and a civilian were injured after being hit by stray bullets during a military shooting exercise near the Padang State University (UNP) rectorate. The Indonesian National Armed Forces (TNI) have committed to covering all medical expenses for the victims as investigations continue.

Xinhua Silk Road: RCEP Local Governments and Friendship Cities Cooperation (Huangshan) Forum 2026 Opens in Anhui, Eastern China

The RCEP Local Governments and Friendship Cities Cooperation Forum has commenced in Anhui, China, bringing together officials and business leaders from RCEP member states, including Indonesia. The forum aims to strengthen regional trade, investment, and technological cooperation through the inauguration of 20 strategic projects involving 12 nations.

More Than Just a Kitchen

The Free Nutritious Meal (MBG) programme is evolving beyond simple food preparation into a sophisticated, technology-driven social ecosystem. Using the 'Kampung Ilmu' model in Purwakarta, the initiative integrates academic expertise, modern food technology, and digital tracking to ensure transparency and nutritional consistency.

Anies Baswedan: Dino Patti Djalal is No Accidental Diplomat

Former Jakarta Governor Anies Baswedan has defended Dino Patti Djalal's diplomatic credentials following criticisms from the Presidential Cabinet regarding the frequency of President Prabowo Subianto's overseas visits. The dispute follows a controversial remark by Cabinet Secretary Teddy Indra Wijaya, which many viewed as an attempt to undermine Djalal's professional standing.

Iran's 'Money Machine' Bombarded by US, Revealing State Wealth

The United States has imposed new sanctions on Nobitex, Iran's largest cryptocurrency exchange, accusing it of helping the Iranian government bypass international sanctions. Investigations suggest the platform has been instrumental in processing hundreds of millions of dollars for the Iranian central bank and the Islamic Revolutionary Guard Corps.

House Commission X Urges Sports Minister to Finalise Preparations for 2028 National Sports Week

The Indonesian House of Representatives' Commission X has called on the Minister of Youth and Sports to accelerate preparations for the 2028 National Sports Week (PON). The commission emphasised the need for the immediate issuance of the official organising committee decree to allow host provinces to begin crucial planning and budgeting processes.

Envision Energy Partners with Impact Electrons Siam to Build Southeast Asia's Largest Future Energy System in Laos

Envision Energy and Impact Electrons Siam have entered a strategic partnership to develop the Monsoon Wind Power Project in Laos, integrating wind, solar, and large-scale energy storage. The project utilises AI-driven technology to create a highly efficient, integrated energy system, marking a significant step in Laos's transition towards a diversified clean energy hub.

Current Situation at BGN Office During Attorney General's Office Raid: TNI on Guard, Employees Barred Entry

The Attorney General's Office (Kejagung) has conducted a raid on the National Nutrition Agency (BGN) headquarters in Central Jakarta. The search occurs amidst a leadership shake-up following President Prabowo Subianto's decision to remove the agency's head.

Life Insurance Industry Revenue Drops by 6 Per Cent

The Indonesian Life Insurance Association (AAJI) reported a 6 per cent decline in total industry revenue to Rp 47.63 trillion during the first quarter of 2026. Despite the drop in revenue, new business premiums grew by 5 per cent, and the number of insured individuals increased significantly.

Indonesian Entrepreneurs Prefer Parking Funds Abroad, Here Are the Reasons

The Indonesian National Bankers Association (Perbanas) has identified security concerns, confidentiality, and tax benefits as the primary drivers for entrepreneurs placing funds in overseas accounts. To combat this trend, experts suggest better integration of commodity and derivative markets under financial regulators.

BRIN develops technology to convert plastic waste into fuel

The National Research and Innovation Agency (BRIN) has developed a new pyrolysis technology capable of transforming plastic waste into fuel. The system, known as LAHSADIMIN, allows for continuous processing without the need for prior sorting, aiming to enhance waste management sustainability across Indonesia.

What is Sherly Tjoanda's Net Worth in 2026?

Following her election as the Governor of North Maluku, Sherly Tjoanda's substantial wealth has come under public scrutiny. According to recent official reports, the governor holds assets valued at approximately Rp 972 billion, including extensive property holdings across Indonesia.

Three Criticisms from Guntur Romli Regarding Teddy Indra Wijaya's Statement, Accused of Distorting Facts

Political analyst Guntur Romli has criticised Teddy Indra Wijaya for allegedly misrepresenting economic data. Romli highlights that Foreign Direct Investment (FDI) is nearing stagnation, contrary to the claims made by Wijaya.

Italian Oil Giant Eni Finalises Major Gas Project Investment in East Kalimantan

Global energy company Eni has reached a Final Investment Decision (FID) for the development of the Gendalo–Gandang and Geng North–Gehem gas projects offshore East Kalimantan. The massive investment, exceeding US$15 billion, aims to boost Indonesia's national gas production and energy security by 2028.

Journalist Allegedly Arrested for Extortion in Tanjung Redeb

A man claiming to be a journalist has been detained by the Tanjung Redeb Police for allegedly extorting a wood processing worker. The suspect reportedly demanded millions of rupiah by threatening to publish negative news regarding the victim's timber stock.