Indonesian Political, Business & Finance News

Archive: 3 June 2026

Showing 1,451-1,500 of 1,696 articles

Attorney General's Office Deploys Special Crimes Investigators to Search National Nutrition Agency Office

The Attorney General's Office (Kejagung) has conducted a search of the National Nutrition Agency (BGN) headquarters in Central Jakarta. Special crimes investigators arrived at the premises in the early hours of the morning, causing a temporary halt to office operations.

Dadan Hindayana Removed, BGN Urged to Focus on National Free Nutritious Meal Targets

The Deputy Chairman of Commission IX of the House of Representatives, Yahya Zaini, has called on the National Nutrition Agency (BGN) to prioritise domestic targets for the Free Nutritious Meal (MBG) programme. Following the removal of Dadan Hindayana, the agency is being urged to focus on improving food safety and reaching the 82 million beneficiary target by 2026.

One Day After Dadan Hindayana's Removal, BGN Office Raided by Attorney General's Office

Investigators from the Attorney General's Office (Kejagung) conducted a raid on the National Nutrition Agency (BGN) headquarters in Jakarta. The search follows the recent reshuffle of the agency's leadership by President Prabowo Subianto.

Vaccine innovation development drives national health independence

Indonesian biopharmaceutical company Etana is enhancing national health independence through the development of high-quality, locally produced vaccines. The company's portfolio includes HPV, PCV-13 for pneumonia prevention, and a newly launched meningitis vaccine to support public immunisation programmes.

Health Minister Highlights Drug Prices in Indonesia, Potentially 6x Higher Than Global Market

Health Minister Budi Gunadi Sadikin has raised concerns regarding the high cost of hepatitis medication in Indonesia, noting that prices can be up to six times higher than international rates. To address this, the Ministry of Health plans to negotiate lower prices and expand diagnostic and treatment services to community health centres (puskesmas).

JCI Predicted to be Volatile Today Amid High Oil Prices and High Interest Rates

The Indonesia Composite Index (JCI) opened lower on Wednesday, 3 June 2026, facing volatility driven by global oil price surges and sustained high interest rates. While domestic manufacturing PMI shows signs of expansion, geopolitical tensions in the Strait of Hormuz and high global energy costs continue to weigh on market sentiment.

Attorney General's Office Raids National Nutrition Agency Office

Investigators from the Attorney General's Office's Special Crimes division have conducted a search of the National Nutrition Agency (BGN) headquarters. This raid follows President Prabowo Subianto's recent decision to overhaul the agency's leadership following a performance evaluation.

Condongcatur Village Head Named Suspect in Sleman Village Land Corruption Case but Not Yet Detained

Reno Candra Sangaji, the Village Head of Condongcatur, Sleman, has been named a suspect in a corruption case involving the unauthorised leasing of village land. The alleged misuse of land in Padukuhan Gandok has resulted in state losses exceeding Rp 1 billion.

HIV No Longer a Death Sentence: Moving Towards the Three Zero Target by 2030

Advancements in Antiretroviral (ARV) therapy have transformed HIV from a fatal diagnosis into a manageable chronic condition. Health experts and the Indonesian government are focusing on the 'Three Zero' target by 2030, emphasising the importance of the 'Undetectable = Untransmittable' (U=U) concept and the 'Test and Treat' policy.

JCI potential for volatility driven by oil prices and high interest rates

The Indonesia Composite Index (JCI) faces potential volatility due to high global oil prices and sustained high interest rates. While domestic manufacturing PMI shows signs of expansion, external pressures and declining trade surpluses remain significant risks to the market.

Tin and non-tin export value in Bangka Belitung falls by 30.95 per cent

The export value of tin and non-tin commodities in the Bangka Belitung province saw a significant decline of 30.95 per cent in April 2026 compared to the previous year. While tin exports contracted sharply, non-tin commodity exports experienced a modest growth of 9.82 per cent.

US-Iran Tensions Escalate in Strait of Hormuz, Driving Up Global Oil Prices

Heightened military confrontations between the US and Iran in the Strait of Hormuz and Bahrain have caused global oil prices to rise by 1 per cent. The escalation follows a US missile strike on a tanker and retaliatory drone claims, raising significant risks for global energy security and the US economy.

Brantas Abipraya Distributes 210 Sacrificial Animals to Communities Near Project Sites

State-owned construction company PT Brantas Abipraya (Persero) has distributed 210 sacrificial animals for Eid al-Adha to communities across Indonesia. The initiative is part of the company's Corporate Social and Environmental Responsibility (TJSL) programme, aimed at supporting local welfare and strengthening social bonds near its operational areas.

Bomb Disposal Squad Discovers Active WWII Mortars and Ammunition in Biak

A bomb disposal unit has recovered three mortars and 30 pieces of active ammunition dating back to World War II in Biak, Papua. The discovery occurred during a sweep of the site following a recent explosion that claimed six lives and left several residents missing.

Mahindra and Manulife Joint Venture Proceeds; Receives Approval From Ministry of Corporate Affairs

Mahindra and Manulife have officially announced the formation of a 50:50 joint venture, Mahindra Manulife Insurance Limited (MMIL), following regulatory approval. The new entity aims to leverage AI-driven digital services to address insurance gaps in India's rural and urban markets.

Even Distribution of Qurban Meat Strengthens Public Nutritional Quality

State-owned enterprise PT Brantas Abipraya has distributed 210 sacrificial animals across Indonesia as part of its social and environmental responsibility programme. The initiative aims to improve access to animal protein and support government efforts in enhancing grassroots nutrition and food security.

Ferrari prepares Luce EV for Euro NCAP crash tests

Ferrari's first electric vehicle, the Luce, is set to undergo independent crash testing by the European New Car Assessment Programme (Euro NCAP). This move marks a significant shift for the Italian manufacturer as it targets a more practical, family-oriented market segment.

Roy Suryo to Face Trial Over Jokowi Diploma Allegations; Supporters Hope for Reputation Restoration

Roy Suryo is set to stand trial following the completion of the investigation into allegations regarding President Jokowi's academic credentials. Supporters of the President are calling for the legal process to expose the truth and clear the reputations of both the President and involved institutions.

Dadan Hindayana Thanks Prabowo Following Removal as Head of National Nutrition Agency

Dadan Hindayana has expressed his gratitude to President Prabowo Subianto after being removed from his position as Head of the National Nutrition Agency (BGN). The reshuffle, which also saw the replacement of the agency's deputies, follows an evaluation of the Free Nutritious Meal programme.

Prices of Three Gold Brands at Pegadaian All Decline Today

Gold prices for UBS, Antam, and Galeri24 brands have all seen a decrease on the Sahabat Pegadaian platform. The price drop follows a slight decline from the previous day's rates across various denominations.

Street Food Vendor Found Dead in Cikupa, Suspected Murder Victim

Police in Tangerang are investigating the death of a street food vendor found dead in a rented room in Cikupa. Preliminary findings suggest the victim may have been a victim of homicide, with investigators currently awaiting autopsy results.

The Fate of Dadan Hindayana: Removed from Office Following Hajj Pilgrimage

President Prabowo Subianto has dismissed Dadan Hindayana from his position as Head of the National Nutrition Agency (BGN) following a performance evaluation. The reshuffle also includes the removal of two Deputy Heads, with Nanik S. Deyang appointed as the new leader of the agency.

Rupiah Today 3 June 2026: Weakens to Rp17,878 per US Dollar

The Indonesian Rupiah opened weaker against the US Dollar on Wednesday morning, dropping 39 points to the level of Rp17,878. This depreciation reflects broader volatility in regional currencies driven by global economic uncertainty and anticipation of US Federal Reserve monetary policy.

PLN to Reduce Number of Subsidiaries from 44 to 23

PT PLN (Persero) aims to streamline its corporate structure by reducing its subsidiaries from 44 to 23 entities by 2028. This strategic transformation involves consolidation, divestment, and portfolio restructuring to enhance business efficiency and national energy security.

Latest Composition of Board of Directors and Board of Commissioners of Vale Indonesia

PT Vale Indonesia Tbk (INCO) has announced a new composition for its Board of Commissioners following its Annual General Meeting of Shareholders. The company also declared a cash dividend of US$45.6 million, representing a 60% payout ratio from its 2025 net profit.

MPR RI Research Body Discusses Strategic Steps to Address Rupiah Depreciation

An MPR RI Focus Group Discussion has highlighted growing concerns over the Indonesian rupiah's depreciation, which recently approached Rp 17,700 per USD. Experts warned that the currency's decline against most major global currencies indicates a domestic crisis of confidence rather than merely a global phenomenon.

Haier Launches Horizon Collection Refrigerator Series in Vietnam, Aiming for Southeast Asian Expansion

Haier has introduced its premium Horizon Collection refrigerators in Vietnam, marking the start of a broader expansion across Southeast Asia. The launch highlights the company's strategic focus on high-end food preservation technology to capture the growing premium appliance market.

Prambanan Regional Hospital Promises to Explain Toddler's Death Following CT Scan to Family

The Director of Prambanan Regional Hospital (RSUD Prambanan) has pledged to provide medical explanations to the family of a three-year-old girl who died following a CT scan. The child's mother has filed a malpractice report with the DIY Regional Police, alleging negligence during the administration of sedation.

Mrs Nanik Deyang's Trainers

An editorial reflection on the leadership style of Nanik Deyang, the newly appointed Head of the National Nutrition Agency. The piece highlights her commitment to field-based oversight and ensuring the effective implementation of the Free Nutritious Meal programme.

US Dollar Surges Past Rp17,900

The Indonesian rupiah has hit a new all-time low against the US dollar, breaching the psychological level of Rp17,900/US$. In response to the currency pressure, Bank Indonesia has tightened regulations on US dollar purchases without underlying documentation.

Environment Minister States 17 Million North Coast Residents Facing Ecological Crisis, Giant Sea Wall Insufficient

Environment Minister Mohammad Jumhur Hidayat has warned that 17 million residents along Java's northern coast are facing an existential ecological crisis. He emphasised that large-scale infrastructure projects like the Giant Sea Wall alone are inadequate to address escalating threats such as abrasion, tidal flooding, and land subsidence.

Ensuring the Sustainability of Young Investors on the Stock Exchange

The Indonesian capital market is undergoing a demographic shift, with younger generations now driving market growth. Recent data reveals that investors aged 30 and under represent over half of the total investor population in Indonesia.

11 Regions in Riau Have Declared Emergency Alert Status for Forest and Land Fires

Eleven regencies in Riau province have officially entered an emergency alert status to combat the rising threat of forest and land fires during the dry season. The provincial government is coordinating with local authorities to streamline aid distribution and firefighting efforts across affected areas.

US Fires Missiles at Ship Violating Iranian Port Blockade, Oil Prices Rise Again

Oil prices have surged following renewed military tensions between the United States and Iran, involving missile strikes and naval blockades. The escalation threatens vital oil distribution routes in the Strait of Hormuz, prompting concerns over global inflation and energy security.

Rupiah Drops Near Rp 17,900 Following BPS Inflation Data and Indonesia's Trade Surplus

The Indonesian Rupiah experienced volatility, trading near the Rp 17,896 level against the US Dollar amidst recent economic indicators. While the nation maintains a significant trade surplus and manufacturing expansion, rising raw material costs continue to pressure the industrial sector.

National Nutrition Agency Office Reported Undergoing Search, Employees Barred from Building

The Attorney General's Office has reportedly conducted a search at the National Nutrition Agency (BGN) headquarters in Jakarta. The raid follows the recent dismissal of BGN Head Dadan Hindayana amid allegations of irregularities regarding the Free Nutritious Meal programme.

The Dangers of Sharenting: Kaspersky Research Reveals Digital Security Gap Among Parents

A recent study by Kaspersky and the Singapore Institute of Technology highlights a growing digital security gap, where frequent 'sharenting'—the practice of sharing children's details on social media—is linked to lower adoption of privacy protections. Despite high confidence in managing information, many parents remain vulnerable to hacking due to the perceived inconvenience of adjusting privacy settings.

Ministry of Primary and Secondary Education provides school kits to students affected by Kemayoran fire

The Indonesian Ministry of Primary and Secondary Education has distributed school kits and trauma healing services to students impacted by a recent fire in Kemayoran, Central Jakarta. Alongside educational supplies, the Ministry is providing financial assistance to teachers and school staff affected by the disaster.

Economist Highlights Risks of DSI to Natural Resource Exports and Investor Confidence

Yusuf Rendy Manilet, an economist from the Centre of Reform on Economics Indonesia (CORE), warns that the establishment of PT Danantara Sumber Daya Indonesia (DSI) poses significant risks to the natural resource sector. He argues that the single-buyer and single-seller model could create a monopsony, potentially weakening the bargaining power of producers and shifting issues from transaction leakage to market concentration.

Indonesia, Morocco explore cooperation through traditional music

The Indonesian Culture Minister and the Moroccan Ambassador to Indonesia have discussed potential collaborations focused on the creative economy and cultural preservation. The talks highlighted opportunities for musical exchange and the upcoming signing of a memorandum of understanding to strengthen cultural-based economic activities between the two nations.

IHSG Today, 3 June 2026: Opens Weaker at 6,130 Level

The Indonesia Composite Index (IHSG) opened in the red on Wednesday morning, dropping 1.02% to the 6,130 level. The decline is driven by significant selling pressure in blue-chip stocks amidst cautious investor sentiment following recent global and domestic market dynamics.

Breaking! JCI Suddenly Plummets 1.60% as Conglomerate Stocks Reverse Trend

The Indonesia Composite Index (JCI) experienced a sharp decline of 1.60% during Wednesday trading, reversing an initial gain. The downturn was driven by a slump in conglomerate stocks and weighed down by mixed economic indicators, including a shrinking trade surplus and rising inflation.

Former East Timor Residents Face Extreme Poverty for Nearly Three Decades

Residents of former East Timor refugee camps in Kupang Regency continue to struggle with extreme poverty and an 85 per cent school dropout rate. The community is calling on the government to provide agricultural land and educational support rather than mere relocation without livelihoods.

US Intelligence Agencies Split, Iran Intelligence Compromised

A rift between the CIA and the Office of the Director of National Intelligence (ODNI) is reportedly undermining US intelligence assessments regarding the Iran conflict. The internal dispute, stemming from allegations of politicisation and procedural disputes, threatens the cohesion of national security analysis during a period of heightened global geopolitical tension.

Antam Gold Price Today, 3 June 2026: Stable at Rp2.77 Million

The price of Antam gold remained unchanged on Wednesday, 3 June 2026, holding steady at Rp2,774,000 per gram. The buyback price also remained stagnant at Rp2,584,000 per gram, amidst ongoing fluctuations in the global gold market.

Transforming Subsidies into an Engine for Indonesia's Energy Industry Growth

This opinion piece argues for a strategic shift in Indonesia's energy policy, moving from reactive price subsidies to proactive long-term investments. The author suggests reallocating fiscal space towards strengthening the national power grid, developing domestic clean energy manufacturing, and enhancing human capital to ensure a sustainable and competitive energy transition.

Five Sisingaan Sound System Operators Electrocuted in Cikarang, Three Dead

A tragic electrical accident during a Sisingaan performance in Cikarang has resulted in three fatalities and two injuries. The incident occurred when a crew member allegedly attempted to lift an electrical cable, causing a surge through the metal sound system trolley.

PDIP on Jokowi's Planned Visits: There Must Not Be More Than One Sun

The PDI Perjuangan (PDIP) party has expressed concerns regarding former President Joko Widodo's plans to visit various regions in June. Spokesperson Ansy Lena emphasised that all political actors must focus on supporting President Prabowo Subianto's administration to ensure government stability and avoid political manoeuvres for the 2029 elections.

Credit-to-GDP Ratio Only 32%, Himbara Calls for Bank Consolidation

The Association of State-Owned Banks (Himbara) has highlighted that Indonesia's credit-to-GDP ratio remains significantly lower than its Southeast Asian neighbours. To address this, Himbara is advocating for industry consolidation to strengthen the capacity and resilience of the national banking sector.

Rupiah Opens Weaker as US Dollar Rises to Rp17,870

The Indonesian Rupiah weakened against the US Dollar in Wednesday's trading, driven by heightened geopolitical tensions in the Middle East. This movement follows a period of volatility as investors seek safe-haven assets amidst escalating conflict between Iran and US forces.