Indonesian Political, Business & Finance News

Archive: 8 June 2026

Showing 801-850 of 1,593 articles

The Story of a TASPEN Participant Who Remains Productive Teaching Japanese Post-Retirement

A retired high school teacher from Jakarta has successfully launched an online Japanese language course, leveraging the financial stability provided by his TASPEN pension. The story highlights how PT TASPEN's digital services and efficient pension distribution enable retirees to remain productive and contribute to society.

Did the Prophet Muhammad SAW Prohibit Price Fixing During Inflation?

The article explores Islamic perspectives on price regulation and inflation through the lens of prophetic traditions. It examines how market fluctuations, such as scarcity and hoarding, impact pricing and the ethical implications of government intervention.

World Today: Middle East Returns to War, Israel and Iran Exchange Attacks

A significant escalation in the Middle East has occurred as Israel and Iran exchanged large-scale missile strikes, breaking the recent ceasefire. The report also covers a major earthquake in the Philippines and the rescue of hundreds of hostages by the Nigerian military.

11 Houses in Talaud Regency, North Sulawesi, Lightly Damaged Following Mindanao Earthquake

A powerful 7.7 magnitude earthquake originating from the South Mindanao coast in the Philippines has caused minor damage to eleven houses and several public facilities in the Talaud Islands Regency. Local disaster management authorities have confirmed that while infrastructure was affected, the situation remains stable and the tsunami warning has been lifted.

Xi Jinping Visits Pyongyang, Strengthening China-North Korea Strategic Alliance

Chinese President Xi Jinping has arrived in Pyongyang for a historic state visit, marking his first trip to North Korea since 2019. The visit aims to reinforce bilateral ties and strategic cooperation between Beijing and Pyongyang amidst shifting global geopolitical dynamics.

Oil Prices Surge by 5% Amid Iran-Israel Conflict

Global oil prices have spiked following retaliatory strikes between Iran and Israel, raising fears of a breakdown in existing ceasefires. The escalating tensions in the Middle East, coupled with threats to the Red Sea and Strait of Hormuz, are driving significant volatility in the energy market.

Regional Council Highlights 600 Tour Boats Operating Without Permits in Labuan Bajo

The Harapan Baru faction of the West Manggarai Regional House of Representatives (DPRD) has revealed that over 600 tour boats in Labuan Bajo are operating without valid permits. This lack of legality is causing significant leaks in regional original income (PAD), as only 200 out of 812 boats currently contribute to local revenue.

Jakarta Residents Increasingly Prefer Gold Instalment Plans Amid Economic Uncertainty

Interest in gold financing schemes is rising in Jakarta as residents seek long-term financial stability amidst global economic volatility. Bank Mega Syariah reported a massive surge in its Flexi Gold financing, reaching over Rp 43 billion between January and May 2026.

Chronology of Explosion During Excavation in Fatmawati Leaves Two Workers Injured

An accidental explosion occurred during water pipe maintenance work on Jalan Fatmawati Raya, South Jakarta, after an electric cable was struck. Two workers sustained burns from the blast and were subsequently rushed to Fatmawati Hospital for treatment.

Integrated Service Desk for Bandung Student Admissions to Ease Citizen Burden

The Bandung City Government has launched an integrated service desk to assist parents and students with the 2026/2027 school admission process. The initiative provides a one-stop solution by collaborating with the Civil Registry and Social Services to resolve administrative and documentation issues on-site.

Minister of Home Affairs Confirms Extension of 30% Personnel Expenditure Limit

The Minister of Home Affairs, Tito Karnavian, has announced that the transition period for the 30% cap on regional personnel expenditure will be extended. This decision aims to address legal and financial challenges regarding the salaries of Government Employees with Work Agreements (PPPK) across various regions.

Houthis Join Conflict, Closing Red Sea and Attacking Israel

The Houthi armed forces in Yemen have announced a total ban on all Israeli-related shipping activities in the Red Sea. The group also claimed to have launched missile strikes targeting strategic locations in Tel Aviv in response to regional escalations.

Danantara clarifies DSI is not an export middleman

Dony Oskaria, COO of Danantara, has refuted allegations that PT Danantara Sumberdaya Indonesia (DSI) acts as an export middleman by inflating prices. He clarified that the company will only charge service fees for inspection and verification services to ensure the legality and accuracy of strategic natural resource exports.

Fact Check: As Rupiah Falls, Is Indonesia Shifting to the Yuan?

A viral TikTok claim suggesting Indonesia is abandoning the US Dollar in favour of the Chinese Yuan has been debunked as misleading. While the government is issuing Panda Bonds to diversify financing, the US Dollar remains the primary currency for Indonesia's international trade and capital markets.

Two Advertising Agency Workers to Represent Indonesia in Young Lions Competition in France, Showcasing Campaign Concepts and Creative Design

Two Indonesian creative professionals from Alva Maleo agency will represent the nation at the Cannes Lions International Festival of Creativity 2026 in France. Their participation highlights the growing significance of the advertising sub-sector, which has seen a 31 per cent increase in investment value.

Ministry of Industry boosts labour-intensive industry productivity through KIPK

The Indonesian Ministry of Industry is leveraging the Labour-Intensive Industry Credit (KIPK) scheme to revitalise machinery and production equipment. While the programme aims to support key sectors like textiles and food and beverage, current utilisation remains low at only 16.72% of the available credit ceiling.

SMF Has Disbursed IDR 6.68 Trillion in 2025 State Capital Injection for FLPP

PT Sarana Multigriya Finansial (SMF) has utilised IDR 6.68 trillion from the 2025 State Capital Injection (PMN) to support the Housing Finance Liquidity Facility (FLPP) programme. This funding is part of a larger effort to support the government's initiative to provide 3 million houses and stimulate the real sector.

India Deports Nearly 5,000 Bangladeshi Citizens in One Month

Following the victory of the BJP-led administration in West Bengal, Indian authorities have deported approximately 4,800 Bangladeshi nationals. The crackdown is part of a broader policy to identify and remove undocumented migrants along the sensitive border region.

47,000 Hajj Pilgrims Arrive in Indonesia, Minister Plans Evaluation of Mina Services

The Indonesian Minister of Hajj and Umrah, Mochamad Irfan Yusuf, has confirmed that over 47,000 pilgrims have returned to Indonesia so far. The Ministry is now focusing on the safe repatriation of the remaining groups while preparing an evaluation of services provided during the pilgrimage, particularly in Mina.

Indonesian Parliament Pushes to Strengthen Immigration Offices to Support Raja Ampat Tourism

A member of the Indonesian Parliament is advocating for enhanced immigration facilities and human resources in Sorong to facilitate direct international flights to Raja Ampat. The initiative aims to bypass the need for transit through Bali or Jakarta, thereby boosting regional tourism and connectivity in Southwest Papua.

Witness Describes Moments Explosion at Fatmawati Excavation Threw Two Workers

An explosion occurred during a clean water pipe installation project on Jalan Fatmawati, South Jakarta, after a jackhammer struck an underground high-voltage cable. Two workers sustained facial burns from the blast and were rushed to Fatmawati Hospital, leading to a temporary halt of the excavation works.

East Java Education Office Opens Two-Day Simulation for 2026 Student Admission Process

The East Java Provincial Education Office has launched a two-day simulation of the 2026 Student Admission System (SPMB) to assist prospective students and parents in navigating the online registration process. The initiative aims to prevent errors during the selection process and clarify the importance of academic grades in the domicile-based admission track.

South Korea acknowledges security guarantees are vital for North Korean nuclear disarmament

South Korean President Lee Jae-myung has stated that security guarantees are essential to ensure North Korea does not feel threatened, facilitating the abandonment of its nuclear weapons. The President proposed a phased negotiation approach, focusing initially on halting nuclear material production and ballistic missile development.

Time for Indonesia to Reduce Dependence on the US Dollar

Indonesia faces recurring economic instability whenever the US dollar strengthens, leading to a weaker rupiah and increased inflationary pressures. Despite robust foreign exchange reserves, the nation's structural reliance on the dollar for trade and debt remains a significant vulnerability.

Spa Therapist Denies Theft of Rp 1.2 Billion, Claims Special Relationship with Victim

A spa therapist in Surabaya has denied allegations of stealing Rp 1.2 billion from a client, claiming she was permitted to use his ATM for personal use. Her legal counsel asserts that the two shared a special relationship prior to the police report being filed.

Nanik Deyang Arrives at Palace, Ready to be Inaugurated by Prabowo as Head of National Nutrition Agency

Nanik Sudaryati Deyang has arrived at the Presidential Palace ahead of her scheduled inauguration as the Head of the National Nutrition Agency (BGN). The incoming leadership is already identifying critical challenges within the Free Nutritious Meal programme, specifically regarding budget efficiency and the refocusing of beneficiaries.

Trade Minister: US Import Tariffs for Indonesia Remain Dynamic

Indonesian Trade Minister Budi Santoso stated that proposed US import tariffs for Indonesian products are still subject to change as the government engages in negotiations. While Indonesia is currently part of a group facing a 10 per cent tariff, projections suggest final rates could reach 18 per cent following US investigations into forced labour and structural excess capacity.

Banten Provincial Government and Volunteers Intensify River Ecosystem Recovery

The Banten Provincial Government, in collaboration with volunteers and Scout members, has successfully evacuated 15 tonnes of household waste from the Cibanten River in Serang. This initiative aims to restore the river ecosystem and educate the public on reducing waste disposal into waterways to prevent flooding.

Banceuy Prison Visitor Attempted to Smuggle 19.14 Grams of Crystal Meth via Rectal Concealment

Authorities at the Banceuy Class IIA Prison in Bandung successfully intercepted an attempt to smuggle 19.14 grams of crystal methamphetamine into the facility. The narcotics were found hidden inside the rectum of a visitor during a routine inspection.

A New Era: Physical Gold Demand Surpasses Jewellery

Global gold prices are projected to reach new heights, with physical investment in bars and coins expected to overtake jewellery demand by 2026. This shift is driven by geopolitical uncertainties and high stock market valuations, despite a projected slowdown in central bank gold accumulation.

Police Bill Retains Minimum High School Requirement for Police Candidates

The Indonesian government has decided to maintain the minimum educational requirement of high school or equivalent for prospective police officers during the revision of the Police Law. While some lawmakers proposed raising the minimum to a bachelor's degree, the National Police clarified that university graduates are already accommodated through specific recruitment tracks.

Indonesia's Foreign Exchange Reserves Decline in May, Is It Still Safe?

Indonesia's foreign exchange reserves fell to US$144.9 billion in May 2026, a decrease of US$1.3 billion from the previous month. Despite the decline, Bank Permata Chief Economist Josua Pardede maintains that the reserves remain strong enough to cover over five months of imports and external debt payments.

Frans Seda Airport Closed Due to Lewotobi Laki-Laki Eruption

The management of Frans Seda Airport in Maumere has suspended all flight operations due to heavy volcanic ash from the eruption of Mount Lewotobi Laki-Laki. Flights between Maumere and Kupang remain halted as a safety precaution until at least 9 June.

Bintaro Jaya Celebrates 47th Anniversary with Run for Education and Sustainability Commitment

PT Jaya Real Property Tbk. (JRP) marked its 47th anniversary by hosting the 'Run for Education' charity event, raising over Rp245 million for local educational foundations. The company also reaffirmed its 'Bintaro Jaya EcoCity' commitment, focusing on sustainable urban development and integrated infrastructure in South Tangerang.

Palestinian Factions and Mediators Meet in Cairo to Discuss Gaza Ceasefire

High-level talks involving Palestinian factions and mediators from Egypt, Qatar, and Turkey were held in Cairo to discuss the implementation of a Gaza ceasefire agreement. The discussions focused on a roadmap for the second phase of the agreement and the finalisation of a 20-point peace plan.

Climate Crisis: From Awareness to Real Action

As global temperatures reach unprecedented highs, Indonesia faces significant threats from rising sea levels and extreme weather patterns. The nation's vulnerability as an archipelagic state necessitates a shift from mere climate awareness to urgent, large-scale mitigation and adaptation efforts.

Two KB Bank (BBKP) Directors Suddenly Resign, What Is Happening?

PT Bank KB Indonesia Tbk has announced the sudden resignations of two key directors, Robby Mondong and Dodi Widjajanto. The bank confirmed that business operations remain unaffected while awaiting formal approval from the General Meeting of Shareholders.

Post-Disaster Master Plan Brings New Hope for Farmers and Sustainable Food Security

The Indonesian government has launched a series of agricultural recovery programmes to bolster food security in Aceh, North Sumatra, and West Sumatra following hydrometeorological disasters. With an allocation of over Rp1 trillion, the initiative focuses on rehabilitating damaged farmland and upgrading agricultural infrastructure to ensure long-term productivity.

US Dollar Approaches Rp18,200, Bank Indonesia Provides Latest Explanation

The Indonesian rupiah has faced significant pressure, approaching the Rp18,200 level against the US dollar due to a strengthening US dollar index. Bank Indonesia has reaffirmed its commitment to market intervention to maintain exchange rate stability amidst global financial uncertainty.

INKA to Modernise Madiun and Banyuwangi Factories via 2025 State Capital Injection

PT Industri Kereta Api (Persero), known as INKA, plans to utilise the 2025 State Capital Injection (PMN) to upgrade its production facilities in Madiun and Banyuwangi. The investment aims to enhance manufacturing capacity for both non-powered and powered rolling stock, including high-speed trains and LRT.

Minyakita No Longer Part of Food Assistance Programme: Focus Shifts to Distribution in Traditional Markets

The Minister of Trade, Budi Santoso, has announced that Minyakita will no longer be included in the government's food assistance programme. Instead, the supply will be focused on distribution through traditional markets to ensure easier access for the general public.

Coal Production to be Increased, says Bahlil: Prices are Favourable, Production Must be High

The Minister of Energy and Mineral Resources, Bahlil Lahadalia, has announced plans to relax coal production quotas to capitalise on favourable global prices. The government aims to increase output to maximise national foreign exchange reserves, while maintaining a measured approach to balance supply and demand.

Hundreds of Dogs Seized After Boy Killed in Attack in Bogor, 4 Found Dead

Bogor Police have secured 109 live dogs following the fatal attack on a nine-year-old boy in Jasinga, Bogor. Authorities are working alongside the Department of Livestock and Fisheries to conduct rabies testing and isolate the animals to prevent potential zoonotic outbreaks.

Crime Scene Cordoned Off After Explosion During Excavation in Fatmawati, South Jakarta

An explosion occurred during clean water pipe excavation works on Jalan Fatmawati Raya, resulting in two workers sustaining facial burns. The incident was triggered when drilling equipment accidentally struck a high-voltage PLN power cable.

Bahlil Ensures Domestic Gas Supply is Secure and Available

Indonesia's Minister of Energy and Mineral Resources, Bahlil Lahadalia, has guaranteed that the domestic natural gas supply is sufficient to meet industrial demands. While acknowledging global price fluctuations, the Minister emphasised that the government is working to improve price efficiency to maintain national industrial competitiveness.

Criminal Investigation Division examines DWP management regarding Whip Pink case

Indonesian National Police investigators are questioning the management of Djakarta Warehouse Project (DWP) concerning the promotion of 'Whip Pink' brand N2O gas. The investigation follows the discovery of an illegal production facility for the nitrous oxide product, which lacks proper BPOM distribution permits.

Jakarta Provincial Government States Car Free Day Helps Reduce Air Pollution

The Jakarta Provincial Government has reported that the implementation of Car Free Day (CFD) has effectively lowered PM2.5 concentrations in key areas like Bundaran HI and Rasuna Said. The initiative aims to reduce vehicle emissions and encourage citizens to transition towards more environmentally friendly modes of transport.

Indonesia and Singapore to Hold Bilateral Meetings Across Six Cooperation Groups

Singapore's Deputy Prime Minister and Minister for Trade and Industry, Gan Kim Yong, is scheduled to visit Indonesia to lead the 16th Ministerial Meeting of the Singapore-Indonesia Six Bilateral Economic Working Groups. The high-level forum aims to evaluate and strengthen economic cooperation across key sectors including investment, labour, and agribusiness.

Indonesia taps Lemigas for 150 million-barrel Russian oil imports

The Indonesian government has assigned Lemigas to manage the phased import of 150 million barrels of Russian crude oil through 2026. This move, following President Prabowo Subianto's recent diplomatic visit, aims to strengthen national energy security through simplified government-to-government transactions.

Korpasgat conducts joint combat training with US special forces

The Indonesian Air Force's Rapid Deployment Force Command (Korpasgat) has completed a joint combat exercise with the United States Air Force Special Operations Command (US AFSOC). The training focused on enhancing interoperability and synchronising tactics for future joint operations.