Indonesian Political, Business & Finance News

Archive: 8 June 2026

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IHSG Opens 1.94 Per Cent Lower Following Widespread Weakness in Asian and Wall Street Markets

The Indonesia Stock Exchange (IHSG) opened significantly lower on Monday, dropping 1.94 per cent to the 5,486 level. This decline follows a broad-based sell-off across Asian markets and Wall Street, particularly impacting the technology and semiconductor sectors.

From a Home Veranda, Eko's Pempek Business Expands to 7 Branches

A local MSME, Pempek Raffael, has successfully expanded from a small home-based operation to seven branches across West Jakarta, generating monthly turnover of up to 140 million Rupiah. The business's growth has been bolstered by participation in the Rumah BUMN BRI programme, which provides essential training in financial management and digital marketing.

Indonesian National Police Guarantees Transparency in 2026 Police Academy Selection

The Indonesian National Police (Polri) has reaffirmed its commitment to a transparent and professional recruitment process for the 2026 Police Academy (Akpol) intake. Officials emphasised that the selection follows the 'BETAH' principle—clean, transparent, accountable, and humanist—with no special quotas or preferential treatment permitted.

Breaking News! Jakarta Composite Index Opens Down 3.5%

The Jakarta Composite Index (IHSG) plummeted by 3.57% at the start of Monday's trading, driven by heightened geopolitical tensions in the Middle East and a strengthening US Dollar. Despite the market volatility, Indonesia's Finance Minister maintains that the national budget remains stable and fiscally prudent.

KPK Uncovers Illegal Fees for Processing Foreigner Stay Permits in Silmy Karim Case

The Corruption Eradication Commission (KPK) has revealed a scheme involving illegal expedited fees for foreign national stay permits, involving former Deputy Minister Silmy Karim. Investigators allege that officials collected between Rp 1 million and Rp 1.5 million per person to bypass standard processing times, with total illicit funds estimated at Rp 145.5 billion.

Said Iqbal to be Inaugurated as Special Presidential Advisor This Afternoon

The President of the Labour Party, Said Iqbal, is scheduled to be officially appointed as the Special Presidential Advisor for Labour by President Prabowo Subianto. The inauguration ceremony is set to take place at the State Palace in Jakarta this afternoon.

Pertamina Patra Niaga Promotes Circular Economy

PT Pertamina Patra Niaga has launched several sustainable waste management programmes aimed at driving a circular economy in Indonesia. These initiatives focus on transforming household waste and organic materials into valuable products, providing both environmental benefits and economic opportunities for local communities.

Sangihe Islands Residents Evacuate Following 7.7 Magnitude Earthquake in the Philippines

Residents in the Sangihe Islands, North Sulawesi, have begun evacuating to higher ground following a powerful 7.7 magnitude earthquake off the coast of the southern Philippines. The seismic event, caused by tectonic plate subduction, triggered widespread panic and tsunami concerns across several Indonesian provinces.

Exposed! House in Semarang Uncovered as International Love Scamming Hub, Four Chinese Nationals Arrested

Immigration authorities in Semarang have dismantled an international online fraud network operating via 'love scamming' from a residential property in Central Java. The operation resulted in the arrest of four Chinese nationals and the seizure of hundreds of electronic devices used to facilitate the scams.

Increasing Numbers: List of 7 Indonesian Regions Hit by Tsunamis up to 0.75 Metres

Following a powerful 7.7 magnitude earthquake in southern Mindanao, Philippines, tsunami waves have been recorded across seven different regions in Indonesia. The BMKG has reported wave heights reaching up to 0.75 metres in Talengan, North Sulawesi.

Major quake off Philippines kills one, triggers tsunami warnings

A powerful 7.8-magnitude earthquake has struck off the southern Philippines, resulting in at least one fatality and triggering tsunami warnings across the region. Authorities in both the Philippines and Indonesia have advised coastal residents to evacuate to higher ground as rescue operations continue.

Breaking News: Israel Attacks Iran, Explosions Heard

The Israeli Air Force has conducted strikes against military targets in western and central Iran, following a series of missile barrages launched by Iran towards Israel. The escalation follows intense political rhetoric from the Iranian Parliament Speaker, who warned that US naval blockades and regional instability have invalidated previous ceasefire commitments.

ICW Urges KPK to Apply Money Laundering Charges in Immigration Case

The Indonesia Corruption Watch (ICW) has called on the Corruption Eradication Commission (KPK) to utilise money laundering statutes in the investigation of alleged corruption within the Immigration Department. The watchdog highlights suspicious fund flows totalling Rp 366.7 billion across numerous bank accounts linked to ministry officials.

BritCham Indonesia Highlights Need for Indonesia-UK Trade Tariff Reform

The British Chamber of Commerce in Indonesia has called for a reform of trade tariffs between Indonesia and the United Kingdom to unlock greater economic potential. High import duties on various goods, alongside non-tariff barriers, currently limit the scale of bilateral trade compared to other European nations.

Antam gold price rises by Rp5,000 to Rp2.743 million per gram on Monday morning

The price of Antam gold increased by Rp5,000 to reach Rp2,743,000 per gram on Monday morning. The buyback price also saw an upward movement, reaching Rp2,540,000 per gram.

The Storm Will Surely Pass

An editorial profile of Purbaja Pantja, CEO of PT Ilectra Motor Group (IMG), detailing his journey from the financial sector to leading Indonesia's Alva electric motorcycle brand. The article highlights the strategic expansion of Indika Energy into sustainable mobility and the development of local electric vehicle manufacturing.

Dollar Hits Rp 18,000, a Double Challenge for West Java's Economy

The depreciation of the Rupiah to Rp 18,000 per US Dollar presents a complex economic landscape for West Java, offering export advantages while threatening manufacturing costs. While exporters may benefit from increased competitiveness, the province's heavy reliance on imported raw materials poses a significant risk of rising production costs and inflation.

Approaching Agreement, Trump Hopes Israel Will Not Retaliate Against Iran

US President Donald Trump has expressed his desire for Israel to refrain from retaliating against Iran's recent missile attacks. Trump noted that Washington is nearing a final agreement with Tehran and wishes to prevent current tensions from jeopardising the diplomatic process.

Latest LPG Prices for 3kg, 5.5kg, and 12kg Cylinders at Agents and Bases as of 8 June 2026

The Indonesian government is exploring alternatives to LPG, such as CNG and DME, to reduce the heavy reliance on imports which costs the nation approximately Rp137 trillion annually. While subsidized 3kg LPG prices remain unchanged, non-subsidised 5.5kg and 12kg LPG prices have seen significant increases across various regions.

M 7.7 Earthquake in Mindanao, Philippines Triggers Tsunami Warning Due to Plate Subduction

A powerful magnitude 7.7 earthquake struck the southern coast of Mindanao, Philippines, triggering tsunami warnings across several Indonesian regions. The BMKG has advised residents in high-alert areas to move to higher ground and urged those in alert zones to stay away from coastlines and riverbanks.

DPR Commission IX Welcomes BGN's Moratorium on SPPG Construction

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 SPPG kitchens. This moratorium is intended to allow for a thorough evaluation of programme governance and a shift in focus from quantity to the quality of the Free Nutritious Meal (MBG) programme.

BMKG detects tsunami waves up to 18 cm in North Sulawesi and North Maluku

The Indonesian Agency for Meteorology, Climatology, and Geophysics (BMKG) has recorded minor tsunami waves between 9-18 cm following a 7.7 magnitude earthquake in the Celebes Sea. Authorities have urged residents in affected coastal areas to remain vigilant as tsunami modelling suggests potential for higher wave heights in certain regions.

Tsunami Hits Three Regions in Indonesia Following M 7.7 Philippines Earthquake

Tsunami waves reaching heights of up to 0.19 metres have been recorded across three Indonesian regions following a powerful 7.7 magnitude earthquake in Mindanao, Philippines. The BMKG has confirmed the detection of these waves in North Maluku and North Sulawesi.

From JAKIM to FIA Rallycross: Jakarta's Strategy to Boost Sport Tourism

The Jakarta Provincial Government is actively promoting sport tourism by hosting major international sporting events, including the Jakarta International Marathon 2026 and the FIA Rallycross World Cup 2026. These initiatives aim to drive economic growth across various sectors, including hospitality, transportation, and MSMEs, while strengthening Jakarta's position as a global city.

Prabowo Welcomed with Kecak Dance During Visit to Sekolah Rakyat in Tabanan

President Prabowo Subianto was greeted with a spirited Kecak dance performance by students of SRMP 17 Tabanan during a recent visit to Bali. The visit highlighted the inclusive nature of the Sekolah Rakyat programme, which provides equal opportunities for students from low-income backgrounds to develop their academic and non-academic potential.

BMKG: Philippines Earthquake Triggering Tsunami Caused by Plate Subduction

The Indonesian Meteorology, Climatology, and Geophysics Agency (BMKG) has issued tsunami warnings for several regions in Indonesia following a powerful earthquake in Mindanao, Philippines. The agency confirmed minor tsunami waves of up to 0.19 metres in certain areas and noted that the seismic activity was caused by plate subduction.

Residents of Sangihe Islands Evacuate Following 7.7 Magnitude Earthquake

Residents in the Sangihe Islands, North Sulawesi, have begun evacuating to higher ground following a powerful 7.7 magnitude earthquake originating off the coast of the southern Philippines. The seismic event, caused by plate subduction, has triggered widespread panic and concerns regarding potential tsunami threats in coastal areas.

Indonesia Records Positive Business Performance, with 46% Growth in Industrial Solutions

Kaspersky has reported a 3% year-on-year business growth in Indonesia, driven significantly by a 46% surge in its Industrial CyberSecurity (KICS) segment. This growth reflects the accelerating digital transformation and the increasing need to protect critical industrial infrastructure from sophisticated cyber threats.

M 7.7 Earthquake Hits Philippines, Tremors Felt in Manado to Minahasa

A powerful 7.7 magnitude earthquake struck southern Mindanao, Philippines, causing noticeable tremors across several Indonesian regions including North Sulawesi and Gorontalo. While no damage has been reported in Indonesia yet, small-scale tsunamis were recorded in parts of North Maluku.

M 7.7 Earthquake Shakes Celebes Sea with Tsunami Potential; BNPB Warns Coastal Residents

A powerful 7.7 magnitude earthquake struck the Celebes Sea on Monday morning, triggering tsunami warnings across several Indonesian provinces. The National Disaster Management Agency (BNPB) has urged residents in coastal areas of North Sulawesi, Gorontalo, Central Sulawesi, and North Maluku to evacuate to higher ground.

East Java Receives Award for Best Regional Government in Reducing Unemployment

The East Java Provincial Government has secured first place in the 2026 Regional Achievement Awards for successfully reducing the unemployment rate. In recognition of this achievement, the central government has granted the province a fiscal incentive of Rp3 billion to support human resource development and job creation.

Powerful M 7.7 Earthquake in Philippines, Tsunami Hits 3 Indonesian Regions

A massive 7.7 magnitude earthquake striking the southern coast of Mindanao, Philippines, has triggered tsunami waves across several Indonesian territories. The Indonesian Meteorology, Climatology, and Geophysics Agency (BMKG) has issued tsunami warnings for North Sulawesi, Gorontalo, Central Sulawesi, North Maluku, and East Kalimantan.

Iran Issues Severe Threat to Israel: Missile Attacks Will Meet with Devastating Response

The Iranian Foreign Ministry has warned that any further military action by Israel against Iran or Lebanon will be met with a comprehensive and devastating response. This warning follows recent missile launches towards northern Israel, which Tehran describes as a necessary defence of its interests following alleged ceasefire violations.

Philippines Earthquake Triggers Tsunami Warning in Japan

Japanese authorities have issued a tsunami warning for Pacific coastal areas following a powerful 8.1 magnitude earthquake off the coast of Mindanao, Philippines. The Japan Meteorological Agency (JMA) has advised residents in affected regions to stay away from coastlines as authorities monitor potential sea-level rises.

NU 2026 National Conference: Gus Ma'shum Urges Etiquette to be a Pillar of Organisational Strength

KH Ma'shum Faqih, Deputy Secretary General of PBNU, has proposed that organisational etiquette be a strategic recommendation for the 2026 NU National Conference. He emphasises that institutional governance must be supported by the traditional values of 'adab' to navigate increasingly complex organisational dynamics.

Prabowo Explains Reasons for Strengthening Ties with France over US and China

President Prabowo Subianto has outlined Indonesia's strategic decision to deepen diplomatic and defence ties with France. He emphasised that Indonesia's non-aligned foreign policy seeks a balance between major powers while leveraging France's role as an independent global actor.

Communities in Tsunami Alert and Warning Zones Urged to Avoid Coastal Areas

The National Disaster Management Agency (BNPB) has issued an urgent advisory for residents in several Indonesian regions to move away from coasts following a magnitude 7.7 earthquake in the Philippines. Local authorities have been instructed to coordinate evacuations in high-risk zones to ensure public safety.

Solusiku P2P Lender Summoned by OJK Over Alleged Debt Collection Violations

The Financial Services Authority (OJK) has summoned the management of PT Anugerah Digital Indonesia, the operator of the 'Solusiku' lending platform, following consumer complaints regarding unethical debt collection practices. The regulator is investigating allegations of personal data misuse and improper communication during the collection process.

OJK Places 8 Fintech Lenders Under Special Supervision, Focusing on Capital and Bad Debt

The Indonesian Financial Services Authority (OJK) has placed eight online lending platforms under special supervision due to capital shortages and high non-performing loan rates. The regulator is demanding improvements in minimum equity requirements and financing quality to prevent potential licence revocations.

BMKG: M 7.7 Earthquake in Mindanao, Philippines Caused by Plate Subduction

The Indonesian Meteorology, Climatology, and Geophysics Agency (BMKG) has confirmed that a magnitude 7.7 earthquake in Mindanao, Philippines, was triggered by plate subduction activity. The tremors were felt across several Indonesian regions, including North Sulawesi and Gorontalo, prompting tsunami alerts for several coastal areas.

UniPin Series Road to FFNS 2026 Fall Opens Pathway to Professional Level

UniPin has launched the UniPin Series Road to Free Fire Nusantara Series (FFNS) 2026 Fall, aiming to bridge the gap between community teams and professional esports. The initiative is supported by various stakeholders, including the Indonesian Esports Association (PB ESI) and the Ministry of Communication and Digital, to strengthen the national gaming ecosystem.

Protecting the Environment: Pertamina Plants Trees and Introduces Waste Management Innovations

PT Pertamina (Persero) has launched a series of environmental initiatives to commemorate World Environment Day 2026, including the planting of 1,000 trees and the strengthening of community-based waste management. The programme focuses on circular economy innovations, such as converting organic waste into biochar and repurposing tank truck seals into economic products.

Becoming a Haji

A reflective piece exploring the spiritual significance and personal responsibilities of the Hajj pilgrimage. It highlights the challenges faced by Indonesian pilgrims and critiques the pursuit of the 'Haji' title for social prestige rather than spiritual growth.

List of Electricity Tariffs for 13 PLN Customer Categories, Effective 8 June 2026

PT PLN (Persero) has confirmed that there will be no increase in electricity tariffs for the April-June 2026 period, despite social media concerns regarding rising bills. The Ministry of Energy and Mineral Resources (ESDM) continues to monitor economic indicators such as the US Dollar exchange rate and inflation, while prioritising energy affordability for low-income groups.

Tina Wiryawati Applauds West Java's 15th Consecutive Unqualified Opinion, Urges Enhanced Governance

West Java Provincial Government has achieved its 15th consecutive Unqualified Opinion (WTP) from the Indonesian Audit Board (BPK RI) for the 2025 fiscal year. Tina Wiryawati, a member of the West Java Regional House of Representatives (DPRD), praised the achievement as a testament to the province's commitment to transparent and accountable financial management.

BMKG: Three Indonesian Regions Hit by Tsunami Following Philippines Earthquake, 17 on High Alert and 13 Under Warning

A powerful 7.8 magnitude earthquake in the southern Philippines has triggered tsunami warnings across Indonesia, Taiwan, and Papua New Guinea. The Meteorology, Climatology, and Geophysics Agency (BMKG) has detected sea-level changes in three Indonesian regions, placing 17 areas on high alert and 13 others under warning status.

Dividend Cum Date Schedule for 23 Issuers This Week, Including INCO and MTLA

The Indonesia Stock Exchange (IDX) has scheduled dividend cum dates for 23 different companies during the second week of June 2026. Investors are advised to monitor transaction deadlines and potential share price adjustments on ex-dates to protect their dividend yields.

BMKG: Tsunami Detected in North Maluku and North Sulawesi Following M 8.1 Earthquake in the Philippines

The Indonesian Meteorology, Climatology, and Geophysics Agency (BMKG) has confirmed tsunami waves in North Maluku and North Sulawesi following a massive 8.1 magnitude earthquake in Mindanao, Philippines. While wave heights remain below 0.2 metres, authorities are closely monitoring sea level fluctuations and advising coastal residents to remain vigilant.

BNPB Launches Weather Modification Operation in Jambi to Prevent Forest Fires

The National Disaster Management Agency (BNPB) has initiated a week-long weather modification operation in Jambi Province to prevent forest and land fires. The strategic move aims to moisten peatland ecosystems ahead of the 2026 dry season peak to mitigate the risk of widespread wildfires.

China's Xi Jinping Visits North Korea Amid Growing Russia-North Korea Ties

Chinese President Xi Jinping has commenced a state visit to Pyongyang as concerns mount over North Korea's expanding nuclear arsenal and its deepening military alliance with Russia. The visit takes place against a backdrop of North Korean troops reportedly fighting alongside Russian forces in Ukraine in exchange for advanced weaponry and satellite technology.