Indonesian Political, Business & Finance News

Archive: 8 June 2026

Showing 1,351-1,400 of 1,593 articles

Bitmine Immersion Technologies Announces Pricing for Upsized Series A Perpetual Preferred Stock Offering

Bitmine Immersion Technologies has announced the pricing for an enlarged offering of 3,500,000 Series A Perpetual Preferred Shares at $80 per share. The company intends to use the net proceeds, estimated at approximately $273.8 million, to fund digital asset acquisitions, infrastructure expansion, and working capital.

IDX Composite Opens 4% Lower; Investors Advised to Wait and See Before Averaging Down

The Indonesia Stock Exchange (IDX) experienced a significant decline, dropping nearly 4% due to global economic uncertainties and shifting US Federal Reserve expectations. Analysts recommend a cautious 'wait and see' approach as investors weigh the impact of strong US employment data and geopolitical tensions.

"Light Up the Future" Open Day Programme Strengthens China-Indonesia Relations and Collaboration

China Huadian Corporation Ltd (CHD) has conducted a series of 'Open Day' events across its Indonesian power plant projects, including Batam, Celukan Bawang, and Bukit Asam. The initiative aims to foster educational exchange between industry and academia while promoting energy literacy and cultural exchange. The programme highlights CHD's commitment to supporting local communities and strengthening energy cooperation under the Belt and Road Initiative.

8 Areas on Tsunami Alert in North Sulawesi

The Meteorology, Climatology, and Geophysics Agency (BMKG) has issued tsunami warnings for several regions in North Sulawesi following a 7.7 magnitude earthquake in Mindanao, Philippines. Authorities have advised coastal residents in affected areas to move to higher ground and remain vigilant as sea level monitoring continues.

Sangihe Residents Evacuate Following Tsunami Warning

Residents in the Sangihe Islands, North Sulawesi, have begun evacuating to higher ground following a tsunami warning triggered by a 7.7 magnitude earthquake off the coast of the southern Philippines. The BMKG has confirmed the earthquake was caused by tectonic plate subduction, prompting precautionary measures across several regions in Indonesia.

Gas Pipe Leak in Bekasi Resolved, Police Confirm Area is Safe

A gas pipe leak in the Babelan district of Bekasi Regency has been successfully contained by Pertamina. The leak, which was triggered by fuel pipe installation activities, caused significant gas emissions and disrupted mobile signals in the surrounding area.

Donald Trump Urges Israel to Refrain from Retaliating Against Iranian Missile Attacks to Secure Final Deal

US President Donald Trump has called on Israel to exercise restraint and avoid retaliating against Iran following recent missile strikes. Trump stated that the US is on the verge of a

Bali Electricity Outage Schedule Today, from Denpasar to Legian

PT PLN (Persero) has announced scheduled power maintenance across several regions in Bali, including Denpasar, Gianyar, and Kuta, for Monday, 8 June 2026. The maintenance aims to improve the reliability of the electrical system and ensure the quality of the power supply for customers.

IPO Pipeline Shrinks to 12 Potential Issuers, Says IDX Head

The Indonesia Stock Exchange (IDX) has reported a reduction in its IPO pipeline, with the number of companies queueing for listing dropping from 1s5 to 12. The decline is attributed to companies undergoing financial report revisions and document completions, even as the exchange maintains its long-term target for 2026.

Satgas Pasti Confirms Bahana Lintas Nusantara Cooperative Collected Public Funds Without Permit

The Illegal Financial Activities Eradication Task Force (Satgas PASTI) has uncovered an unauthorised fund collection scheme operated by the Bahana Lintas Nusantara Cooperative. The chairman of the cooperative has been arrested following investigations into high-interest savings programmes that lacked proper regulatory approval.

NU Bengkulu Solidarity: Gus Salam Calls for Exemplary Service for the Public Good

KH Abdussalam Shohib, known as Gus Salam, visited NU officials in Bengkulu to praise the region's commitment to social harmony and organisational service. During the visit, local leaders raised concerns regarding political pragmatism and internal organisational challenges within the central leadership.

8 Areas in North Sulawesi Remain on Tsunami Alert

The Meteorology, Climatology, and Geophysics Agency (BMKG) has placed several districts and cities in North Sulawesi on tsunami early warning alert following a magnitude 7.7 earthquake near Mindanao, Philippines. Local authorities are urging residents to adhere to disaster management recommendations as monitoring continues.

Facts Regarding the Iranian Attack Showering Israel with Missiles

Iran has launched a direct missile attack against Israel in retaliation for recent strikes in Beirut, leading to widespread airspace closures across the Middle East. The escalation has prompted significant security concerns in Iraq and Syria, while international leaders and the US administration attempt to navigate the rising regional tensions.

IDX Composite weakens driven by combination of domestic and global sentiments

The Indonesia Stock Exchange (IDX) Composite experienced a significant decline, dropping nearly 4% in early Monday trading. The downturn is attributed to shifting expectations regarding US Federal Reserve interest rate policies and geopolitical tensions in the Middle East.

Several Houses Severely Damaged in Talaud Islands Following M 7.7 Philippines Earthquake

A powerful 7.7 magnitude earthquake in Mindanao, Philippines, has caused significant structural damage to residential homes and places of worship in the Talaud Islands, North Sulawesi. Local authorities, including Basarnas Manado and BPBD Sulut, are currently verifying the full extent of the damage and monitoring coastal areas.

Malaysia issues tsunami warning for Sabah coast

The Malaysian Meteorological Department has issued a tsunami warning for the coastal areas of Sabah following a powerful 7.9 magnitude earthquake in Mindanao, Philippines. Residents in affected districts such as Tawau and Semporna have been advised to stay away from the shoreline.

Alleged Corruption in Free Nutritious Meal Programme: PDIP Secretary General Expresses Deep Concern

PDIP Secretary General Hasto Kristiyanto has expressed profound concern regarding emerging allegations of corruption within the Free Nutritious Meal (MBG) programme. He has called for thorough legal investigations and noted that the party has previously instructed its members to avoid involvement in the programme's commercialisation to prevent irregularities.

French Stealth-Hunting Missile Passes Test, Enhancing Indonesia's Rafale Potential

France has successfully conducted supersonic flight tests of the next-generation MICA NG air-to-air missile from a Rafale fighter jet. The successful validation of its infrared seeker under extreme conditions significantly boosts the combat capabilities of the Rafale fleet against modern threats like drones and stealth aircraft.

Major Asian Currency Sell-off: Ringgit and Rupiah Hit Hardest, Two Nations Remain Resilient

Most Asian currencies weakened against the US Dollar at the start of the week, with the Malaysian Ringgit and Indonesian Rupiah experiencing the most significant declines. The downturn is driven by strong US employment data and heightened geopolitical tensions in the Middle East, boosting safe-haven demand for the greenback.

Rupiah Continues to Plummet to Rp 18,109, Potential to Hit Rp 19,000 by End of June Due to Middle East Geopolitics

The Indonesian Rupiah has weakened against the US Dollar, driven by escalating geopolitical tensions in the Middle East and expectations of sustained high interest rates in the US. Economic analysts warn that the currency could potentially reach the Rp 19,000 level by the end of June 2026.

IDX Sharp Correction Amid Rupiah Pressure and Capital Outflow

The Indonesia Stock Exchange (IHSG) experienced a significant 8.69% decline between 2-5 June 2026, driven by the weakening rupiah and massive foreign capital outflows. Market analysts point to FTSE Russell index rebalancing and global volatility, particularly in the US tech sector, as primary drivers of this downturn.

BNPB Urges Residents to Avoid Coastal Areas Following M 7.7 Earthquake in Celebes Sea

The National Disaster Management Agency (BNPB) has issued an advisory for residents in five coastal provinces to stay away from beaches and riverbanks following a powerful 7.7 magnitude earthquake. Authorities are monitoring the situation closely to manage potential tsunami risks and ensure the safety of vulnerable groups.

BNPB: Tsunami Detected Following M 7.7 Earthquake - 5 Provinces Advised to Remain Alert

The National Disaster Management Agency (BNPB) has reported minor tsunami waves following a powerful 7.7 magnitude earthquake in the Sangihe Islands, North Sulawesi. Authorities have issued warnings for coastal areas across five provinces to remain vigilant as significant aftershocks continue to occur.

Tarakan City placed on alert status following magnitude 7.7 earthquake

Tarakan City in North Kalimantan has been placed on alert following a powerful magnitude 7.7 earthquake originating from Mindanao, Philippines. The BMKG has issued warnings for various regions in Indonesia to avoid coastal areas due to potential tsunami risks.

Tangerang Intensifies Integrated Farming System to Strengthen Food Security

The Tangerang Regency Government in Banten Province is promoting integrated farming systems to bolster regional food security. This initiative aims to modernise agriculture by combining crop production, livestock, and fisheries into a zero-waste ecosystem to attract millennial farmers.

Mandatory 5% Ethanol-Blended Fuel (E5) Set for July 2026: Three Local Suppliers Identified

The Indonesian Ministry of Energy and Mineral Resources has identified three local companies to supply fuel-grade ethanol for the mandatory E5 programme starting in the second half of 2026. The government plans to gradually increase ethanol concentrations and expand the implementation area across several provinces through 2030.

List of North Sulawesi Regions Still Under Tsunami Alert and Warning Status Following M 7.7 Earthquake in the Philippines

The Meteorology, Climatology, and Geophysics Agency (BMKG) has placed several regencies and cities in North Sulawesi on tsunami alert and warning status. This follows a powerful magnitude 7.7 earthquake that struck the southern coast of Mindanao, Philippines.

This is the Reason Why the Jakarta Composite Index Plummeted by 4.39% This Morning

The Jakarta Composite Index (JCI) experienced a sharp decline of 4.39%, dropping to the 5,348.95 level amid heightened global geopolitical tensions. The market downturn is driven by instability in the Middle East and a strengthening US Dollar, which has pushed the Rupiah to 18,100 per US Dollar.

Rupiah Today 8 June 2026: Continued Weakening to the Level of Rp18,107

The Indonesian Rupiah experienced a significant decline against the US Dollar at the start of Monday's trading, hitting the Rp18,107 level. This depreciation is driven by global market dynamics and anticipation of US Federal Reserve monetary policy, raising concerns regarding national economic stability.

Profile of Nanik S. Deyang: Track Record and Role in the National Nutrition Agency

Nanik S. Deyang has been appointed as the Head of the National Nutrition Agency (BGN), tasked with managing the strategic coordination of the Free Nutritious Meal programme. Her leadership focuses on budget efficiency and addressing nutritional deficiencies in remote regions using a significant budget of Rp268 trillion.

Said Iqbal Claims Contacted by Cabinet Secretary Teddy: Inauguration Set for 16:30 This Afternoon

Said Iqbal, President of the Indonesian Confederation of Trade Unions (KSPI) and the Labour Party, is set to be inaugurated as Presidential Advisor for Labour Affairs. The appointment, which carries a ministerial-level rank, follows direct communication from Cabinet Secretary Letkol Teddy Indra Wijaya.

Tsunami early warning issued after 7.7M quake in Sulawesi Sea

The Indonesian Meteorology, Climatology, and Geophysics Agency (BMKG) has issued tsunami warnings for several coastal regions, including North Sulawesi and East Kalimantan, following a 7.7 magnitude earthquake. Residents in high-risk areas have been urged to evacuate to higher ground as authorities monitor the situation following significant aftershocks.

Despite Closing Factories and Hundreds of Stores, BATA Still Records Rp116 Billion Loss

PT Sepatu Bata Tbk (BATA) continues to face significant financial losses despite undergoing massive restructuring, including the closure of over 200 unprofitable outlets and its Purwakarta factory. The company reported a net loss of Rp116.23 billion for 2025, with auditors raising concerns regarding its ability to continue as a going concern due to high short-term liabilities.

M 7.7 Earthquake in Philippines Felt Strongly in Sangihe, Residents Evacuate to Higher Ground

A powerful 7.7 magnitude earthquake originating from southern Mindanao, Philippines, has triggered tsunami warnings and was felt strongly across North Sulawesi, Indonesia. Residents in the Sangihe Islands have evacuated to higher ground to mitigate the risk of potential tsunami waves.

IHSG Today 8 June 2026: Sharp Decline to Level 5,486

The Indonesia Composite Index (IHSG) experienced a significant drop at the start of trading on Monday, falling by 1.94% to the 5,486 level. This downturn follows a period of intense volatility and heavy selling pressure, particularly affecting blue-chip stocks within the LQ45 index.

Bali Tourism Run 2026 to Invite 2,000 Runners to Enjoy Jatiluwih Panorama

The Indonesian Association of Travel Companies (Asita) Bali is organising the Bali Tourism Run 2026 in the Jatiluwih UNESCO World Heritage site. The event aims to boost sport tourism and stimulate the local economy by involving small businesses and promoting sustainable tourism.

Said Iqbal Confirms Inauguration as Presidential Advisor Today

Said Iqbal, President of the Indonesian Confederation of Trade Unions (KSPI) and the Labour Party, is set to be inaugurated as Presidential Advisor for Labour Affairs. The position, which holds ministerial rank, was confirmed following communication from the Cabinet Secretary.

Antam Gold Prices Rise by Rp 5,000 Today

The price of Antam gold bullion has increased by Rp 5,000 per gram in today's trading. This upward movement follows a recent period of decline, although prices remain below the psychological threshold of Rp 2.8 million per gram.

Sell-Off Hits Market, JCI Drops More Than 4%

The Indonesia Composite Index (JCI) plummeted by over 4% during morning trading, driven by aggressive selling pressure and global geopolitical tensions. Amidst rising Middle East instability and a strengthening US Dollar, investors remain focused on Indonesia's fiscal resilience and the impact of potential capital outflows.

Gold Prices Rise Slightly, Here is the Latest Update

Antam gold prices experienced a slight increase of Rp 5,000 per gram, reaching Rp 2,743,000 per gram on Monday morning. The buyback price also saw an uptick, alongside reminders regarding the applicable income tax regulations for gold transactions.

Moratorium on SPPG Kitchens: Charles Honoris Calls Policy Rational

The Deputy Chairman of Commission IX of the Indonesian House of Representatives, Charles Honoris, has expressed support for the National Nutrition Agency's (BGN) decision to halt the construction of new nutrition service kitchens. This moratorium is intended to allow for a thorough evaluation of the Free Nutritious Meal (MBG) programme, focusing on food quality and targeted distribution to vulnerable groups.

Prabowo Delivers Inspiring Message to Students During Visit to SRMP 17 Tabanan

President Prabowo Subianto visited SRMP 17 Tabanan to witness student performances and encourage academic discipline. During his visit, he emphasised the importance of hard work, respect for parents and teachers, and maintaining politeness even when facing adversity.

Eight North Sulawesi regions remain on tsunami alert

The Meteorology, Climatology, and Geophysics Agency (BMKG) has placed several regencies and cities in North Sulawesi on tsunami early warning alert. The alert follows a powerful magnitude 7.7 earthquake that occurred off the coast of Mindanao, Philippines.

Regional Connectivity Serves as Capital for Area Growth

Improved regional connectivity and the development of buffer zones are driving residential demand in Cirebon, despite global economic challenges. Property developers in the area report stable trends, particularly for integrated housing projects that offer long-term investment potential.

What is the Message Behind Iran's Sudden Attack on Israel? Military Experts Weigh In

Iran's unexpected missile strike on Israel marks a significant escalation in regional tensions, signalling a shift towards more direct military confrontation. Military experts suggest the attack aims to establish a new level of deterrence, as Israel prepares for a potential retaliatory response.

Breaking News! Dollar Surges to Rp18,100

The Indonesian rupiah has hit a new all-time low, breaching the psychological level of Rp18,100 per US dollar during early Monday trading. Despite a slight weakening in the US Dollar Index, the rupiah continues to face significant downward pressure.

From 1 July 2026, Returning from Japan Will Incur Rp340,000 Tax

The Japanese government has announced an increase in the International Departure Tax, commonly known as the 'Sayonara Tax', which will rise from 1,000 JPY to 3,000 JPY in July 2026. The measure aims to manage overtourism and fund the maintenance of essential infrastructure and historical sites as Japan targets 60 million annual visitors by 2030.

BMKG Confirms Tsunami in North Sulawesi and North Maluku

The Indonesian Meteorology, Climatology, and Geophysics Agency (BMKG) has detected minor tsunami waves following a powerful 7.7 magnitude earthquake in the Celebes Sea. Coastal areas in North Sulawesi and North Maluku are currently under monitoring as authorities remain on high alert for potential wave increases.

M 7.7 Earthquake in Philippines, 9-18 cm Tsunami Detected in North Sulawesi and North Maluku

The Indonesian Meteorological, Climatological, and Geophysical Agency (BMKG) has detected minor tsunami waves following a massive 7.7 magnitude earthquake in the Celebes Sea. While current wave heights are between 9-18 cm, authorities have warned of potential increases in wave intensity for certain coastal areas.

MEDC Shareholders Approve US$87 Million Dividend and Appoint Royke as Commissioner

PT Medco Energi Internasional Tbk (MEDC) has announced a significant dividend payout of US$87 million following its General Meeting of Shareholders. The company also underwent a major management reshuffle, including the appointment of former BNI President Director Royke Tumilaar to the Board of Commissioners.