Indonesian Political, Business & Finance News

Archive: 8 June 2026

Showing 1,301-1,350 of 1,593 articles

Property Consultant: VAT Incentives Contribute to Reducing Housing Backlog

Knight Frank Indonesia reports that the Government-borne Value Added Tax (PPN DTP) scheme has successfully helped reduce the housing backlog within the middle-class segment. The tax incentive, which has been extended until 31 December 2027, aims to sustain residential transaction performance and support the property sector's multiplier effect.

AI Vaccine Breakthrough: Anticipating Future Pandemics

Researchers from the University of Cambridge have successfully developed a new type of vaccine with key components designed entirely by artificial intelligence. This breakthrough aims to create a 'super-antigen' capable of protecting against various coronavirus strains, including potential future zoonotic threats.

M 6.0 Aftershock in Sangihe Felt as Far as North Gorontalo

A magnitude 6.0 earthquake struck the Celebes Sea on Monday morning, with tremors felt as far as North Gorontalo. The event triggered tsunami warnings, prompting local residents to undertake self-evacuation and schools to send students home as a precaution.

Indonesian Users Remain Dominant as AI Bots Begin to Overtake Global Internet Traffic

While AI bots and agents are beginning to surpass human users in global internet traffic, Indonesia remains an exception to this trend. Recent data shows that human-driven traffic still holds the majority in the Indonesian digital landscape, unlike the global shift towards bot-dominated browsing.

Coordinating Minister for Infrastructure: Government Targets Reduction in National Logistics Costs

The Coordinating Minister for Infrastructure and Regional Development, Agus Harimurti Yudhoyono, has announced a government target to reduce national logistics costs to 12.5 per cent of GDP by 2029. The initiative aims to enhance economic efficiency and national competitiveness through improved inter-regional connectivity and integrated transport networks.

Dealer of Hundreds of Tramadol Tablets Caught Red-Handed During COD Transaction in Bogor Workshop

Police in Rancabungur, Bogor Regency, have arrested a 27-year-old man for distributing illegal controlled substances. The suspect was apprehended during a cash-on-delivery transaction at a motorcycle workshop, with 160 tablets of Tramadol and Triheximidine seized.

Indonesia's Foreign Exchange Reserves Drop by US$1.3 Billion in May to US$144.9 Billion

Bank Indonesia reported a decrease in foreign exchange reserves to US$144.9 billion at the end of May 2026. The decline was driven by government global bond issuances, tax and service revenues, and efforts to stabilise the Rupiah amidst global market uncertainty.

9 Updates on Iran's Attack on Israel: Trump Responds as Netanyahu Bombs Tehran

Tensions in the Middle East have escalated following a series of missile strikes launched by Iran towards Israel and subsequent Israeli retaliatory strikes. The conflict has prompted airspace closures across Iran, Iraq, and Syria, while US President Donald Trump has called for restraint to prevent further escalation.

National Economic System Law Needed to Strengthen Pancasila Economy

Member of Parliament Nurdin Halid has called for the creation of a National Economic System Law to implement the 'Pancasila Economy' as mandated by the 1945 Constitution. The proposal follows President Prabowo Subianto's commitment to economic transformation based on national values, including the development of village cooperatives and the Danantara investment agency.

KPK Summons Two Suspects in Hajj Quota Corruption Case Today

The Corruption Eradication Commission (KPK) has summoned two suspects, including a director from PT Makassar Toraja, for questioning regarding alleged corruption in the 2023-2024 additional Hajj quota. The investigation follows the previous detention of the former Minister of Religious Affairs and aims to address an estimated state loss of Rp622 billion.

Phase 2 of National Internship Programme Opens 8–19 June 2026; Ministry of Manpower Emphasises Skills Over Degrees

The Indonesian Ministry of Manpower has announced the opening of registration for the second phase of the National University Internship programme's competency certification. The initiative aims to provide official recognition of skills to ensure participants meet industry standards, moving beyond mere academic qualifications.

Weaving Hope from Employment Figures

East Java has seen a decline in its open unemployment rate to 3.55 per cent as of February 2026, reflecting a steady improvement in the regional labour market. This reduction in unemployment has contributed to a decrease in extreme poverty, highlighting the role of stable employment in driving regional economic stability.

Public Works Ministry: East Java People's School 1 Prepared as Integrated Educational Zone

The Indonesian Ministry of Public Works is fast-tracking the construction of the East Java People's School 1 in Surabaya, designed as a modern, integrated educational complex. The project aims to provide comprehensive facilities for primary, junior high, and senior high school students to support national human resource development.

Illegal Parking Ranks Second Most Reported Issue, Jakarta Provincial Government Pledges Action

The Jakarta Transportation Agency has launched a large-scale crackdown on illegal parking following high volumes of public complaints. The operation involves 600 personnel from various agencies targeting 15 priority locations across the capital.

"Doomsday" Suddenly Hits Asian Markets, Korea and Taiwan Hit Hard

Global stock markets experienced a significant contraction at the start of the week, driven by strong US employment data and rising geopolitical tensions. While East Asian markets plummeted due to semiconductor sector volatility and maritime tensions near Taiwan, the Indonesian Composite Index (IHSG) fell primarily due to fears regarding Middle East conflicts and oil supply disruptions.

RDIF and MODENA Forge Strategic Partnership to Boost Russia-Indonesia Investment

The Russian Direct Investment Fund (RDIF) and Indonesia's MODENA Group have signed a strategic agreement to promote joint investments in manufacturing and industrial projects. The partnership aims to facilitate technology transfer, joint ventures, and digital transformation through the integration of AI and ICT solutions.

PLN Supports National Digital Ecosystem, Providing 2x725 MVA Power to Digital Edge Indonesia

PT PLN (Persero) has committed to supplying 2x725 MVA of electricity and premium power services to Digital Edge Indonesia's data centre in Cikarang, West Java. This strategic collaboration aims to strengthen Indonesia's digital infrastructure and its position as a regional hub for the digital economy and artificial intelligence.

2,513 Job Vacancies Available at DIY Manpower Office Job Fair This Week, Including Opportunities for Junior High School Graduates

The Yogyakarta Special Region Manpower Office (Disnakertrans DIY) is hosting a large-scale job fair featuring over 2,513 vacancies from more than 40 companies. The event, which includes walk-in interviews and industry talk shows, is open to various educational backgrounds, including junior high school graduates.

BNPB on alert for coastal evacuations in North Sulawesi, Central Sulawesi, North Maluku, and Gorontalo

The National Disaster Management Agency (BNPB) has issued an alert for residents in several Indonesian provinces following a 7.7 magnitude earthquake in the Celebes Sea. Authorities are coordinating with various agencies to manage potential tsunami impacts and guide evacuations in high-risk coastal areas.

Prajogo Chandra Asri Issuer (TPIA) Boosts Public Float to 25.7%

PT Chandra Asri Pacific Tbk (TPIA) has increased its free float to approximately 25.7% following a shareholding rebalancing transaction by SCG Chemicals Public Company Limited. The move aims to enhance stock liquidity and attract a broader range of domestic and international investors.

10:00 WIB: Rupiah Fails to Recover, US Dollar Reaches Rp18,150

The Indonesian Rupiah has hit a new all-time low against the US Dollar, reaching the Rp18,150 level during morning trading. Despite a slight weakening in the US Dollar Index, the local currency continues to face significant downward pressure.

KPK schedules interrogation of two suspects in Hajj quota case this Monday

The Corruption Eradication Commission (KPK) is set to interrogate two suspects, Ismail Adham and Asrul Aziz Taba, regarding alleged corruption in the Indonesian Hajj quota. The investigation follows the identification of state losses amounting to Rp622 billion.

IDX Drops Again, Analysts Advise Investors Not to Rush into Buying Cheap Stocks

The Indonesia Composite Index (IHSG) continued its downward trend, driven by domestic inflation, a weakening Rupiah, and significant foreign capital outflows. Analysts suggest that retail investors should exercise caution and avoid aggressive averaging down until clearer signs of market stabilisation emerge.

Viral: The Story of the Tidore Mayor's Son Working as a Construction Worker, Living Independently Without His Family's Name

The story of Muhammad Rafdi Maradjabessy, the son of the Mayor of Tidore Islands, has gone viral for his decision to work as a construction labourer. Raised with values of independence by his father, the Mayor, Rafdi seeks to earn his own living without relying on his family's political status.

Deputy Chair of DPR Commission IX Supports Moratorium on New SPPG, Promotes School-Based Free Nutritious Meal Kitchens

Charles Honoris, Deputy Chair of Commission IX of the Indonesian House of Representatives, has expressed support for the National Nutrition Agency's moratorium on new Nutrition Fulfilment Service Unit (SPPG) registrations. He advocates for transitioning towards school-based kitchens to improve efficiency, reduce logistics costs, and ensure better nutritional quality for students.

Foreign Exchange Reserve Release Expected to Influence JCI This Week

The Jakarta Composite Index (JCI) is expected to face volatility this week due to the release of key economic data, including foreign exchange reserves and consumer confidence. Analysts warn that declining reserves could heighten market concerns regarding Bank Indonesia's ability to stabilise the rupiah.

Residents Urged to Avoid Beaches Following 7.7 Magnitude Earthquake; Sangihe Residents Evacuate

The National Disaster Management Agency (BNPB) has issued an urgent warning for residents in five coastal provinces to stay away from beaches following a powerful 7.7 magnitude earthquake in the Celebes Sea. Minor tsunami waves have been detected in several Indonesian locations, prompting evacuations in the Sangihe Islands.

Deputy Minister of Basic and Secondary Education: Pesantren Graduation is a Momentum to Create a Rabbani Generation

The Deputy Minister of Basic and Secondary Education, Fajar Riza Ul Haq, attended a graduation ceremony at Pesantren Muhammadiyah Al-Furqon in Tasikmalaya. He emphasised the importance of character building, ethical use of AI, and the role of Islamic education in preparing students for the future of Indonesia.

From Mine Pits to Green Zones: Reclamation Becomes an Instrument for Ecological Recovery

Member companies of the MIND ID Group are transforming mining reclamation from a mere administrative obligation into a comprehensive strategy for ecological and social restoration. Through initiatives such as biodiversity conservation, energy crop development, and marine ecosystem rehabilitation, these state-owned mining enterprises aim to balance industrial activity with environmental sustainability.

BBCA Continues to Plummet, Touching Rp4,850 This Morning After Hitting 5-Year Low

Shares of PT Bank Central Asia Tbk (BBCA) have hit a five-year low, dropping to the Rp4,850 level amid significant selling pressure. The decline is largely driven by heavy net selling from foreign investors, who have offloaded Rp31.34 trillion worth of the stock so far in 2026.

Seven Indonesian Regions Hit by Tsunami Following Philippine Earthquake

A powerful 7.7 magnitude earthquake in southern Mindanao, Philippines, has triggered tsunami waves across seven regions in Indonesia. The highest wave, measuring 0.75 metres, was recorded in Talengan, North Sulawesi.

Patuh Jaya Operation Postponed, Police: Routine Enforcement Continues

The Jakarta Metropolitan Police have announced the postponement of the Patuh Jaya traffic operation, though they emphasised that daily traffic monitoring remains unchanged. Law enforcement will continue to utilise electronic systems and direct interventions to ensure road safety and compliance.

Ministry of Manpower Opens Registration for National Internship Phase 2 from 8–19 June 2026; Requirements Outlined

The Indonesian Ministry of Manpower has announced the opening of competency certification registration for the second phase of the National University Internship programme. In collaboration with the National Professional Certification Agency (BNSP), the initiative aims to provide participants with industry-recognised credentials to enhance their employability.

Trump: Israel must accept any US deal with Iran

US President Donald Trump has asserted that Israeli Prime Minister Benjamin Netanyahu must accept any nuclear agreement reached between Washington and Tehran. Trump emphasised that US foreign policy decisions remain entirely under his control, despite recent Iranian ballistic missile attacks on Israel.

Rieke Diah Pitaloka Declares Bali Immigration Emergency, Urges OSS Audit to Dismantle Transnational Crime Networks

Member of Commission XIII of the Indonesian Parliament, Rieke Diah Pitaloka, has raised alarms regarding a 'migration emergency' in Bali involving illegal foreign workers, shell companies, and fictitious investments. She is calling for an urgent audit of the Online Single Submission (OSS) system and better data integration to combat human trafficking, money laundering, and transnational crime. The lawmaker further advocates for a Presidential Regulation to establish an integrated national immigration governance system to safeguard national security and state revenue.

BMKG: 7.7 Magnitude Earthquake in Celebes Sea is Not from Megathrust Zone

The Indonesian Agency for Meteorology, Climatology and Geophysics (BMKG) has confirmed that the recent 7.7 magnitude earthquake in the Celebes Sea was caused by the subduction of the Philippine Sea Plate rather than a megathrust zone. While the earthquake triggered micro-tsunamis, authorities are monitoring the situation closely and advising the public to avoid unscientific speculation.

Ecological Repentance for a Restored Nature

The Indonesian Minister of Environment, Jumhur Hidayat, has called for 'ecological repentance' to address the nation's worsening environmental crisis. This movement seeks to shift the perception of nature from a mere resource to be exploited back to a vital ecosystem that requires moral stewardship.

Labour Leader Said Iqbal Claims Appointment as Presidential Advisor This Afternoon

Said Iqbal, President of the Indonesian Confederation of Trade Unions (KSPI), claims he is set to be inaugurated as a Special Advisor to the President for Labour. The appointment, which carries a ministerial-level rank, follows discussions regarding his inclusion in the Red and White Cabinet.

How Pertamina Patra Niaga is Driving the Circular Economy Ecosystem

PT Pertamina Patra Niaga is implementing various sustainable waste management programmes to promote a circular economy in Indonesia. Through innovative initiatives, the company is transforming waste materials into valuable resources to create positive environmental and social impacts.

Motorcyclist Falls After Failed Overtaking Attempt; Passenger Killed by Truck in Bogor

A fatal traffic accident occurred in Bogor involving a motorcycle and a water tanker truck. The incident, caused by an unsuccessful attempt to overtake the truck from the left, resulted in the death of a passenger and injuries to the driver.

Minister of Manpower Leads Indonesian Delegation at International Labour Conference

Indonesia's Minister of Manpower, Yassierli, is representing the nation at the 114th International Labour Conference in Geneva. The delegation aims to advocate for worker protections, digital platform rights, and gender equality amidst the evolving global landscape of work.

Cabinet Secretary Teddy Calls Said Iqbal Late at Night to Inform Him of Cabinet Position

Labour Party President Said Iqbal has been informed of his appointment as Presidential Advisor for Labour, a position equivalent to a minister. The appointment, confirmed via a call from Cabinet Secretary Letkol Teddy Indra Wijaya, is scheduled to be formalised at the Palace.

Trump Responds to Iranian Attack on Israel

US President Donald Trump has urged Israeli Prime Minister Benjamin Netanyahu to refrain from retaliating following Iran's recent missile strikes on Israel. Trump expressed concern that further escalation could jeopardise a potential final deal currently being negotiated with Iran.

Magnitude 7.8 Earthquake Hits Philippines: Buildings Collapse, Tsunami Detected Reaching Indonesia

A powerful earthquake has struck the southern Philippines, triggering tsunami warnings across the region, including Indonesia and Japan. The seismic event has caused significant structural damage and fatalities, prompting authorities to order coastal evacuations.

imToken Announces New Vision: Transforming from Digital Wallet to AI Control Interface

Marking its tenth anniversary, the decentralised digital wallet imToken has unveiled a strategic pivot to become a personal control interface for the AI era. The platform is introducing 'Sign' as a core feature to help users manage identities, permissions, and automated actions driven by AI agents.

Truck Falls into Large Pit Following Bridge Collapse in Belu, NTT

A dump truck overturned and fell into a large pit in East Nusa Tenggara after encountering a broken bridge. While the driver sustained minor injuries, the incident highlights the ongoing infrastructure issues in the Belu Regency following repeated bridge collapses.

First Strike: Iran Rain Missiles Down on Israel

Tensions in the Middle East have escalated significantly following a direct missile attack by Iran against Israel. The Islamic Revolutionary Guard Corps (IRGC) stated the strike was a response to Israeli military operations in Beirut, prompting retaliatory air strikes from the Israel Defense Forces.

Meeting Students of Sekolah Rakyat, Prabowo: If Mocked, Respond with Politeness

President Prabowo Subianto visited Sekolah Rakyat Menengah Pertama (SRMP) 17 Tabanan in Bali to motivate students and discuss the importance of character building. During the visit, Minister of Social Affairs Saifullah Yusuf announced the ongoing construction of permanent Sekolah Rakyat buildings across 93 locations in Indonesia to meet rising demand.

Israel Attacks Lebanon, Oil Prices Surge

Global oil prices have spiked following renewed Israeli airstrikes in Beirut, raising fears of a wider Middle East conflict. The escalation threatens the stability of the Strait of Hormuz, a critical energy transit route, potentially disrupting global supply amidst ongoing geopolitical tensions.

M 7.7 Earthquake in Philippines Triggers Tsunami Warning in Indonesia; Residents Urged to Avoid Coastal Areas

A powerful 7.7 magnitude earthquake in Mindanao, Philippines, has triggered tsunami warnings across several Indonesian coastal regions. While detected sea-level anomalies remain minor, authorities have advised residents in North Sulawesi, North Maluku, and East Kalimantan to remain vigilant due to ongoing significant aftershocks.