Indonesian Political, Business & Finance News

Archive: 8 June 2026

Showing 1,051-1,100 of 1,593 articles

University Student in Semarang Arrested for Embezzling 40 Motorcycles Using Rental Scam

A seventh-semester university student in Semarang has been apprehended by police for orchestrating a scheme to embezzle 40 motorcycles. The suspect allegedly used a rental modus operandi to acquire the vehicles before pawning them for profit.

Amran: Palm Oil Prices Must Return to Previous Levels, No Reason for Decline

The Minister of Agriculture, Andi Amran Sulaiman, has ordered the price of fresh fruit bunches (FFB) in the palm oil sector to return to previous levels. The government intends to investigate approximately 300 companies that have failed to adjust their purchasing prices in accordance with current market conditions.

Gus Irfan Explains Why Indonesia Failed to Secure 2026 Hajj Award from Saudi Arabia

The Indonesian Minister of Hajj and Umrah, Mohamad Irfan Yusuf, has clarified why Indonesia was excluded from the Labaytum Award 2026. He cited health indicators as a primary factor in the Saudi government's assessment, despite receiving personal commendations from high-ranking Saudi officials.

BP3MI NTT Encourages Young Generation to Seize Formal Employment Opportunities in Germany

The Indonesian Migrant Worker Protection Agency (BP3MI) in East Nusa Tenggara is collaborating with GIZ Germany to promote vocational education and skilled migration pathways. The initiative aims to transition migrant workers from domestic roles to formal, professional sectors in Germany through legal and procedural schemes.

JCI Remains Under Pressure from Selling Spree, 646 Stocks Decline

The Indonesia Composite Index (JCI) experienced a significant drop, falling 2.87% during the first session due to massive selling pressure across most sectors. This market volatility is compounded by escalating geopolitical tensions in the Middle East and a strengthening US Dollar, which threatens the stability of the Rupiah.

Government prepares new governance policy for natural resource exports

The Indonesian government is developing a new governance framework for the export of natural resources. This initiative aims to synchronise policies between the Danantara Investment Management Agency and the Ministry of Energy and Mineral Resources.

Tensions Escalate! Israel Strikes Petrochemical Plant in Iran

Tensions between Iran and Israel have surged following an Israeli airstrike on a petrochemical plant in Mahshahr, Iran. The escalation follows a series of missile exchanges, prompting calls for restraint from US President Donald Trump and UK Foreign Secretary Yvette Cooper.

Indonesian National Police Asserts No Special Quotas or Influence Peddling in 2026 Police Academy Recruitment

The Indonesian National Police (Polri) has confirmed that the 2026 recruitment process for the Police Academy (Akpol) will follow a single, transparent national regular track. Inspector General Anwar emphasised that there will be no special quotas, prestige tracks, or reserved spots for influential individuals, ensuring equal opportunity for all candidates.

Minister of Home Affairs: Fiscal Capacity of 85 Per Cent of Regions Remains Weak

The Minister of Home Affairs, Tito Karnavian, has revealed that 85 per cent of Indonesian local governments suffer from weak fiscal capacity, leaving them heavily reliant on central government transfers. This financial dependency poses a significant challenge for regions attempting to comply with new regulations limiting personnel expenditure to 30 per cent of their budgets by 2027.

Palace Responds to Student Union Demands Regarding Rupiah Strengthening

The State Secretary has responded to demands from the Indonesian Student Executive Body (BEM SI) regarding the recent depreciation of the rupiah. While acknowledging the students' concerns, the government emphasised the complexity of economic issues and the need for coordinated policy interventions.

Ministry of Foreign Affairs: No Indonesian Citizens Affected by 7.7 Magnitude Philippines Earthquake

The Indonesian Ministry of Foreign Affairs is closely monitoring the situation following a powerful 7.7 magnitude earthquake in Mindanao, Philippines. Currently, there are no reports of Indonesian citizens or migrant workers being affected by the disaster.

Tapin Proposes Meratus Road Integration into 2026 Presidential Instruction

The Tapin Regency Government in South Kalimantan has submitted proposals for several strategic roads and bridges to be included in the 2026 Presidential Instruction (Inpres) for Regional Roads. The initiative aims to strengthen connectivity within the Meratus Mountains food, energy, and tourism corridors to reduce logistics costs and boost local economic growth.

The Collapse of Our 'Fortress': Indonesia's 5 Largest Stocks Plummet

Indonesia's blue-chip stocks, traditionally viewed as defensive havens, have experienced significant declines alongside a sharp drop in the Jakarta Composite Index. Heavy foreign selling in major banking and telecommunications stocks has driven several of these giants to multi-year lows.

Danantara guarantees natural resource export contracts will continue despite PT DSI

The Chief Operating Officer of Danantara, Dony Oskaria, has assured that natural resource export contracts will remain unaffected by the establishment of PT Danantara Sumberdaya Indonesia (DSI). The guarantee holds provided that fraudulent practices such as under-invoicing and transfer pricing are not detected.

Refusing Foreign Dictation, Turkey Builds Independent Military Strength, Analysts Reveal Strategy

Turkey is actively reducing its reliance on foreign defence technology by developing indigenous military aviation and drone systems. The strategic move aims to secure national sovereignty and enhance strategic freedom amidst global geopolitical uncertainties.

Financial health indicators extend beyond being debt-free

Financial planner Rista Zwestika emphasises that being free from debt is not the sole measure of financial well-being. True financial health involves resilience, risk preparedness, and the ability to achieve long-term goals through consistent management.

Pigai Proposes Civilians May Hold Positions in National Police, Habiburokhman: Please Submit the Proposal

Human Rights Minister Natalius Pigai has proposed that certain high-ranking positions within the Indonesian National Police (Polri) be opened to civilians. The Chairman of Commission III of the House of Representatives, Habiburokhman, has invited the Minister to formally submit this proposal as the legislative body reviews the Police Law.

BNN investigates international drug ring after Russian arrests in Bali

The National Narcotics Board (BNN) is investigating an international drug syndicate following the arrest of two Russian nationals in Bali. Authorities seized 7.8 kilograms of hashish and are currently tracing distribution networks and potential accomplices involved in the smuggling operation.

Bali Promotes Sanur Health SEZ to Ambassadors Through Jagadhita 2026

Bank Indonesia Bali has introduced the Sanur Health Special Economic Zone to ambassadors from six nations to drive investment into the province. The initiative, part of the Bali Jagadhita 2026 programme, aims to diversify Bali's economy beyond tourism by focusing on health, trade, and MSME market expansion.

Single-Door Export via DSI to Adhere to Existing Contracts

The Chief Operating Officer of Danantara has confirmed that commodity exports through PT Danantara Sumberdaya Indonesia (DSI) will continue to honour all existing international contracts. This transitional scheme will remain in place until 31 December 2026, before PT DSI assumes full management of the single-door export mechanism in January 2027.

Pancasila Should Not Remain in Books, Apply It in Digital Innovation

Professor Agus Subekti argues that Indonesia's national ideology, Pancasila, must serve as an ethical compass for digital transformation. He emphasises that advancements in AI and big data must be aligned with human rights, justice, and social cohesion to ensure technology benefits all sectors of society.

Indonesian Navy foils mercury smuggling attempt disguised as spare parts

The Indonesian Navy has intercepted a shipment of mercury being smuggled from Maluku to Jakarta under the guise of machinery spare parts. The illegal cargo, consisting of 42 containers of the chemical, is estimated to have caused potential state losses of approximately Rp1.5 billion.

KPK Seizes Porsche from Silmy Karim's Residence; Vehicle Unreported in Wealth Declaration

The Corruption Eradication Commission (KPK) has seized two luxury Porsche vehicles during a search of the residence of Silmy Karim, the Deputy Minister of Immigration and Correctional Services. The vehicles were notably absent from his official state official wealth report (LHKPN), which lists assets totalling Rp234 billion.

Ministry of Forestry Seizes 219 Illegal Logs in Humbang Hasundutan, North Sumatra

The Indonesian Ministry of Forestry, in collaboration with local forest management units, has intercepted 219 illegal logs during an enforcement operation in North Sumatra. The seizure includes mixed jungle timber and pine logs that lacked official legality markings and documentation.

Bank DBS Indonesia records net profit of Rp1.72 trillion in 2025

PT Bank DBS Indonesia has reported a 15.8 per cent increase in net profit to Rp1.72 trillion for 2025. The bank also highlighted its commitment to sustainable finance, with Rp15.6 trillion allocated to sustainable business activities.

Tile Company Executive Discusses Impact of US Dollar Surging Past Rp18,000

The Indonesian granite tile industry is facing rising production costs due to the depreciation of the rupiah against the US dollar. However, industry leaders believe the weakened currency could boost the competitiveness of local products against cheaper imports.

Agriculture Minister Amran Perplexed as Palm Oil Prices Plummet Despite Dollar Surging to Rp18,000

Agriculture Minister Amran Sulaiman has questioned the decline in fresh fruit bunch (FFB) prices amidst a strengthening US dollar and rising global CPO prices. He noted an anomaly where the rupiah's depreciation should have boosted export-oriented commodity prices, but instead, prices had recently dipped.

Criticised by Netizens Over Persib Bonus, KDM Ready to Disclose Cattle Sale Data

West Java Governor Dedi Mulyadi has responded to public scrutiny regarding the Rp 1 billion bonus awarded to Persib Bandung following their Super League victory. The Governor clarified that the funds were sourced from his personal savings, primarily derived from the sale of his cattle, and offered to provide full transaction documentation to ensure transparency.

Bahlil: Now is Not the Right Time to Discuss Coal Export Levies

The Minister of Energy and Mineral Resources, Bahlil Lahadalia, has stated that discussions regarding coal export levies are currently on hold pending a new formulation. This decision follows the introduction of PT Danantara Sumberdaya Indonesia (DSI) as a central entity for coal sales, alongside new reporting requirements for natural resource exporters.

BMKG Records Highest Tsunami in Talengan-Sangihe

The Indonesian Agency for Meteorology, Climatology, and Geophysics (BMKG) has reported tsunami waves reaching a peak height of 0.75 metres in Talengan, Sangihe, following a massive M7.7 earthquake near Mindanao, Philippines. The agency has officially ended the tsunami early warning after monitoring various wave heights across North Sulawesi and North Maluku.

South Sumatra Regional Police Introduce 110 Service to Residents and Traders via 'Bang Kopling' Initiative

The South Sumatra Regional Police have launched the 'Bang Kopling' programme, a mobile coffee-based outreach initiative designed to strengthen community relations. The programme aims to promote the use of the 110 emergency call centre and foster direct communication between law enforcement and the public to maintain regional security.

Iranian Embassy Responds to Missile Attacks on Israel: A New War Erupting?

The Embassy of the Islamic Republic of Iran in Indonesia has defended its recent missile strikes against Israel as a legitimate act of self-defence under UN Charter Article 51. The embassy cited repeated violations of the 8 April 2026 ceasefire by Israel and the United States as the primary justification for the military action.

Internal Communication Becomes Key to Strengthening Company Performance and Competitiveness

PT Brantas Abipraya is strengthening its corporate culture by implementing the 'Listen, Understand, Connect' Townhall Meeting initiative. The programme aims to foster direct dialogue between management and employees to enhance productivity, trust, and strategic alignment within the construction firm.

Jakarta Provincial Government Verifies Population Data of Illegal Parking Attendants Caught in Raids

The Jakarta Provincial Government has initiated a verification process for the population data of illegal parking attendants caught during recent enforcement operations. The initiative aims to identify non-residents for repatriation while providing guidance and coaching for those residing within Jakarta.

West Papua Prepares 156 Healthcare Workers to Support National Pesparawi in Manokwari

The West Papua Provincial Government is deploying 156 healthcare professionals, including doctors and nurses, to ensure medical readiness for the 14th National Church Choir Festival (Pesparawi) in 2026. The initiative aims to provide 24-hour medical coverage and emergency evacuation services for over 6,000 participants and VIP guests arriving in Manokwari.

House of Representatives and Government Discuss Natural Resource Export Regulations and Accelerated Investment Permits

The Indonesian House of Representatives and the government have held discussions regarding strategies to accelerate national economic growth. Key topics included the governance of natural resource exports and the streamlining of investment licensing processes.

Turkish Analyst: Middle East Conflict Triggers Prolonged Inflation

Istanbul-based analyst Murat Tufan warns that geopolitical tensions in the Middle East are driving long-term inflation in emerging economies through supply chain disruptions and rising energy costs. The conflict is causing significant spikes in commodity prices and complicating the efforts of central banks to stabilise global markets.

PTPP Secures Rp143.09 Billion Project for Mamuju Tengah Regional Hospital

State-owned construction firm PT PP (Persero) Tbk has been awarded a contract worth Rp143.09 billion to develop the Mamuju Tengah Regional Hospital in West Sulawesi. The project aims to upgrade the facility from a Type D to a Type C hospital, enhancing healthcare access in the region.

Xpeng holds grand ambitions in the autonomous technology industry

Chinese automaker Xpeng is investing approximately 300 million yuan monthly to advance its artificial intelligence and autonomous driving capabilities. The company is focusing on its new VLA 2.0 software to streamline decision-making processes by processing visual data directly.

Bahlil Asserts Gross Split Scheme Will Not Be Applied to Mineral and Coal Sector

The Minister of Energy and Mineral Resources, Bahlil Lahadalia, has confirmed that the gross split scheme will not be implemented in the mineral and coal sectors. He emphasised that existing regulations will remain unchanged to ensure regulatory certainty and maintain investor confidence.

Telkom (TLKM) Holds AGM This Afternoon to Decide on Dividends and Buyback

PT Telkom Indonesia (Persero) Tbk. is conducting its 2025 Annual General Meeting of Shareholders to discuss dividend distributions and a proposed share buyback. The company plans to execute a buyback of up to Rp4 trillion to bolster investor confidence in its stock prospects.

To Prevent Floods and Build Climate Resilience, Environment Minister Targets Planting of 2 Billion Trees

The Indonesian Ministry of Environment has announced an ambitious target to plant 2 billion trees across the nation to combat climate change and mitigate flood risks. The initiative aims to enhance ecosystem resilience, improve water absorption, and increase carbon sequestration through large-scale collaboration between the government and the private sector.

Led by Dasco, DPR and Government Coordinate Economy to Reassure Investors and Public

The Indonesian House of Representatives (DPR) and government ministers held a coordination meeting to discuss accelerating economic growth and improving the governance of natural resource exports. Key officials addressed concerns regarding investment permits, the implementation of the 'Gross Split' system, and the prevention of under-invoicing in the mining and energy sectors.

Bappenas: Philanthropy potential needs optimisation for development funding

The Indonesian Ministry of National Development Planning (Bappenas) has highlighted the significant potential of philanthropy as a vital funding source for national development. The ministry aims to shift regulations from a controlling approach to an enabling one, fostering a more robust and participatory ecosystem.

South Korea in Turmoil: KOSPI and Won Plunge Simultaneously

South Korea's financial markets are facing significant pressure as the KOSPI index and the Korean won both experienced sharp declines. The downturn is driven by concerns over US interest rate trajectories and a surge in US dollar demand, leading the won to its weakest level since 2009.

Earth's Rotation Slowing, Unprecedented in 3.6 Million Years

Recent research indicates that human-induced climate change is altering the Earth's mass distribution, causing the planet's rotation to slow down. This phenomenon is increasing the length of a day by approximately 1.33 milliseconds per century, a rate of change unseen for at least 3.6 million years.

Urban Knowledge Hub: A New Space for Technology and Science Learning in Jakarta

The Jakarta Provincial Government has officially inaugurated the Urban Knowledge Hub in South Jakarta to foster science and technology-driven urban development. The facility aims to support data-driven decision-making for future city planning, including transport and transit-oriented development.

BMKG Ends Tsunami Early Warning Following Sulawesi Sea Earthquake

The Indonesian Agency for Meteorology, Climatology, and Geophysics (BMKG) has officially lifted the tsunami warning following a 7.7 magnitude earthquake in the Sulawesi Sea. While minor sea-level anomalies were recorded across several regions, no further significant rises in sea levels posing a threat were detected.

Strengthening Green Governance by Integrating Climate Change Risks into Business Strategy

National paint manufacturer PT Avia Avian Tbk (Avian Brands) has released its inaugural Climate Risk Report based on the global IFRS S2 standard. The company aims to integrate climate-related disclosures into its financial risk management and long-term business resilience strategies.

Media: Iran earns average of up to $2 million per ship transiting Strait of Hormuz

Iran is reportedly generating between $1.5 million and $2 million from every vessel passing through the Strait of Hormuz via new service fee implementation. The revenue, which includes payments in cryptocurrency such as Tether, is being managed under the supervision of Iran's Supreme National Security Council.