Indonesian Political, Business & Finance News

Archive: 14 July 2026

Showing 1,451-1,500 of 1,599 articles

Malaysia to Begin EV Battery Production This Month, Eyes ASEAN Market

Malaysia is set to commence production of graphene-based lithium-ion batteries for electric vehicles this month, marking a significant step in building its domestic battery industry. The initiative, led by state-owned NanoMalaysia, aims to strengthen the country's position in the ASEAN EV supply chain and reduce reliance on imports. The company also plans to partner with Indonesia for nickel supply and develop battery recycling programmes.

Bali waste-to-energy project marks green transformation

Indonesia has launched a Rp3 trillion waste-to-energy facility in Bali to tackle a looming landfill crisis, with the Denpasar Raya PSEL plant set to process 1,500 tonnes of waste daily and generate electricity by late 2027. The project, backed by state investment agency Danantara Indonesia, follows a presidential directive and is expected to reduce waste volume by up to 90 per cent while creating 1,200 green jobs. The government plans to replicate this model across 34 urban areas nationwide to enhance energy security and environmental sustainability.

Truck Stuck Under Tendean Footbridge Not Yet Evacuated: Heavy Traffic, Crane Required

A heavy equipment transporter remains lodged under a pedestrian bridge on Jalan Kapten Tendean in South Jakarta after an early morning collision. Police are delaying the crane-assisted evacuation until after 9 a.m. to avoid worsening rush hour congestion. The driver is suspected of using a mobile phone and misjudging the vehicle's height, causing severe damage to the bridge.

Tugu Insurance Maintains International Anti-Bribery Certification Amid Transparency Demands

PT Asuransi Tugu Pratama Indonesia Tbk (Tugu Insurance) has successfully maintained its ISO 37001:2016 Anti-Bribery Management System certification for the fourth consecutive year. The company emphasises that robust Good Corporate Governance (GCG) and risk management are essential for building stakeholder trust and competitiveness. Tugu Insurance also recently received an award for its consistent application of governance principles and effective risk management.

Foreign Investors Spotted Offloading These 10 Stocks as IHSG Surges

Foreign investors recorded a net sell of Rp437.66 billion across all markets on Monday, even as the Jakarta Composite Index (IHSG) surged 1.92% to close at 6,037.84. The selling pressure was concentrated in the regular market, with blue-chip stocks like Bank Central Asia and Mitra Adiperkasa experiencing the largest outflows. The divestment occurred amid a broader market rally that saw 392 stocks advance.

Nicholas Saputra: Young People's Ideas Can Drive Village Economy

Actor and BCA ambassador Nicholas Saputra believes the ideas presented by Generation Z finalists can significantly impact village economic development. The programme focuses on implementing innovative solutions in tourism villages to address social issues and boost local economies. Four finalist teams will execute their projects in BCA-supported tourism villages across Indonesia.

S&P maintains Indonesia credit rating, saying fiscal strains could be temporary

S&P Global Ratings has affirmed Indonesia's BBB/A-2 sovereign credit rating with a stable outlook, judging that recent fiscal pressures are likely temporary and can be mitigated by stronger commodity prices and spending cuts. The decision contrasts with Moody's and Fitch, which earlier cut their outlooks to negative amid concerns over policy credibility under President Prabowo Subianto. The affirmation is seen as a vote of confidence in Indonesia's economic management and provides some relief for the rupiah, which has been trading near historic lows.

Prabowo Gathers Ministers at Hambalang for Limited Meeting

President Prabowo Subianto convened a limited cabinet meeting at his private residence in Hambalang, Bogor, to discuss key economic issues, including a new subsidised fuel price scheme for fishermen. Coordinating Minister for Economic Affairs Airlangga Hartarto announced a fixed price of Rp 15,000 per litre for vessels between 30 and 200 gross tonnage. The meeting was attended by over a dozen ministers and senior officials, signalling a coordinated government push to support the fishing industry's operational costs.

Tendean Pedestrian Bridge Nearly Collapses After Being Hit by Crane Truck

A pedestrian bridge (JPO) on Jalan Kapten Tendean in South Jakarta was severely damaged and nearly collapsed after being struck by a heavy equipment transport truck early Tuesday morning. The incident has rendered the bridge unusable and caused significant traffic congestion as the truck remains wedged beneath the tilted structure. Authorities are awaiting an assessment from the DKI Jakarta Bina Marga agency before beginning the evacuation process.

Official: Special Diesel Fuel Price for Fishermen Set at Rp15,000 per Litre

President Prabowo Subianto has mandated a special diesel price of Rp15,000 per litre for fishing entrepreneurs operating vessels between 30 and 200 GT. The policy bridges the gap between subsidised fuel for small-scale fishermen and the non-subsidised market price, which had surged to Rp21,300 per litre. The subsidy, amounting to Rp3,600 per litre, will be financed by the Plantation Fund Management Agency rather than the state budget.

Tendean Pedestrian Bridge Damaged After Being Hit by Truck, Drivers Urged to Seek Alternative Routes

A pedestrian bridge (JPO) on Jalan Raya Kapten Tendean in South Jakarta was severely damaged after being struck by a crane-carrying truck early on Tuesday morning. The incident, which occurred around 00:30 WIB, has caused significant traffic disruption in the area. Authorities reported that the driver was distracted by his mobile phone and failed to account for the height of his load.

Tendean Footbridge Severely Damaged After Being Struck by Tow Truck, Driver Was Focused on Mobile Phone

A pedestrian bridge (JPO) on Jalan Kapten Tendean in South Jakarta sustained severe damage after being hit by a tow truck early Tuesday morning. The driver was reportedly distracted by his mobile phone and failed to notice the maximum height clearance. No casualties were reported, and emergency crews have secured the site while authorities assess the financial losses.

Gravedigger Stumbles Upon 2.4 Kilograms of Gold in Cirebon

A routine grave digging in Cirebon, West Java, in 1989 led to an extraordinary discovery when a worker unearthed two 24-carat gold crowns weighing a total of 2.4 kilograms. The find, which also included other metallic objects, caused a local sensation and prompted authorities to close the cemetery. The origin of the crowns, which bear no historical inscriptions, remains a mystery.

Minister Ensures Comprehensive Support for Teen Raped by 27 Men in Sampang

The Minister of Women's Empowerment and Child Protection has pledged comprehensive state support for a 15-year-old girl allegedly raped by 27 men in Sampang, East Java. The ministry is coordinating with local authorities to provide legal, psychological, and health services while urging the public to protect the victim's identity. Police have so far arrested 12 suspects, with 15 others still at large.

Forensic Laboratory Processes Scene of Homemade Bomb Explosion in Tasikmalaya

The Indonesian National Police's Forensic Laboratory (Puslabfor) has conducted a detailed examination of the site where a low-explosive homemade bomb detonated at the Dadaha sports complex in Tasikmalaya, West Java. The device, triggered by remote control, is suspected to have been designed to create a loud blast without causing casualties or significant damage. Authorities have yet to release full findings as the investigation remains ongoing.

50 Firefighters Extinguish Blaze at Rubbish Dump in Cengkareng

A fire consumed piles of rubbish and scrap stalls on Jalan Darussalam in East Cengkareng, West Jakarta, early on Tuesday morning. Fifty personnel from the West Jakarta Fire and Rescue Service (Gulkarmat) were deployed and successfully extinguished the blaze by 06:32 WIB. No casualties were reported, though the incident caused material losses and briefly sparked panic among local residents.

Lorry Snags Pedestrian Bridge, Police Advise Avoiding Jalan Tendean Towards Blok M

A crane-carrying lorry struck a pedestrian bridge (JPO) on Jalan Kapten P Tendean in South Jakarta, causing the structure to tilt and nearly collapse. Police have advised motorists to seek alternative routes to avoid severe traffic congestion as the road has been narrowed to a single lane. Authorities are coordinating with the DKI Jakarta Bina Marga agency to manage the precarious bridge and evacuate the vehicle.

Traffic Congestion Points After Truck Gets Stuck on Tendean Footbridge in South Jakarta

A heavy equipment transport truck became lodged under a pedestrian bridge on Jalan Kapten Tendean in South Jakarta, causing severe traffic congestion across several major thoroughfares. The incident, which occurred at half past midnight, has damaged the bridge and reduced the road to a single lane. Police are implementing traffic diversions ahead of an evacuation operation scheduled for 8:30 AM local time.

Pertamina Trials New Tax Scheme with Potential of Rp 500 Trillion

State-owned energy giant Pertamina has become the first Indonesian state-owned enterprise to trial a co-operative compliance tax scheme with the Directorate General of Taxes. The initiative, which utilises a Tax Control Framework and data integration, aims to identify tax risks early and provide legal certainty. The Director General of Taxes estimates the approach could yield between Rp 400 trillion and Rp 500 trillion in annual tax revenue from Pertamina alone.

S&P Pertahankan Rating Kredit RI di 'Stabil', Ini Respons Gubernur BI

S&P Global Ratings has affirmed Indonesia's sovereign credit rating at BBB with a stable outlook, citing expectations that recent fiscal and external weaknesses are temporary. Bank Indonesia Governor Perry Warjiyo welcomed the decision, stating it reflects sustained international confidence in the country's macroeconomic stability and solid growth prospects. The rating agency indicated a potential future upgrade if structural improvements in fiscal and external indicators continue.

Danantara to Capitalise PFII, Risks and Governance Under Scrutiny

The Indonesian government's plan to use the Danantara Investment Authority as a source of initial capital for the proposed International Financial Centre (PFII) has raised concerns about risk management and governance. Experts warn that investing in the PFII carries distinct reputational and regulatory risks that differ from direct sectoral investments, potentially impacting Danantara's balance sheet. The House of Representatives is currently deliberating the PFII bill, which includes provisions for tax incentives and a dedicated supervisory body, with a target to pass the law by late July 2026.

Rangkuman Penilaian S&P, Respons Pemerintah, dan Dampaknya ke Pasar

S&P Global Ratings has affirmed Indonesia's sovereign credit rating at BBB with a stable outlook, signalling confidence in the nation's economic resilience amid global uncertainty. The agency projects the fiscal deficit will remain below 3% of GDP and expects the government to trim the free nutritious meal programme budget by a third to preserve fiscal space. Economic growth is forecast to moderate to 5.1% in 2026, supported by consistent policy direction and downstreaming initiatives.

Danantara Becomes PFII Financier, Focusing on Risk and Governance

The Indonesian government's plan to use the Danantara Investment Management Agency as an initial capital source for the Indonesia International Financial Centre (PFII) requires robust governance and risk management, an expert has warned. Professor Syafruddin Karimi cautioned that PFII investments carry distinct reputational and regulatory risks compared to real sector projects, which could impact Danantara's balance sheet if not managed with independent feasibility studies and clear exit strategies. The government is fast-tracking the PFII Bill, targeting its completion by late July 2026, with Bali being prepared as the potential location for the new financial hub.

50 firefighters extinguish blaze at scrap yard in Cengkareng

A fire that broke out at a scrap yard and rubbish heap in Cengkareng Timur, West Jakarta, was successfully extinguished by 50 firefighters on Tuesday morning. The blaze, which started around 4:48 a.m. local time, was brought under control within two hours with no reported casualties. Authorities suspect the fire originated from a burning pile of rubbish, though the exact cause remains under investigation.

Trump Administration Official Fatally Shoots Immigrant in Maine, Marking 11th Such Death

A federal immigration officer has shot and killed a man in Biddeford, Maine, amid the Trump administration's aggressive deportation campaign, bringing the total number of such fatalities to eleven. The Department of Homeland Security claimed the officer opened fire after a vehicle attempted to flee, but it later emerged the victim was not the intended target of the operation. The incident has intensified calls from Democratic politicians and immigrant rights groups for independent investigations and the removal of ICE officers from community streets.

US Blockades Iran, Trump Imposes 20% Tariff on Hormuz Strait Cargo

The United States has announced a naval blockade of all Iranian ports and coastal areas, effective 14 July. President Donald Trump simultaneously declared a 20 per cent tariff on all cargo transiting the Strait of Hormuz, framing the levy as reimbursement for the cost of securing the waterway. The US military warned that vessels attempting to evade the blockade or transfer cargo to Iran would face disabling or destructive action.

Dozens of Artisans Receive Technical Competency Training for Batik in Yogyakarta

The Yogyakarta Tourism Office and the Ministry of Industry have launched a five-day training programme to enhance the technical skills of 25 batik artisans, focusing on synthetic dyeing techniques. The initiative aims to improve product quality, efficiency, and environmental safety, culminating in professional competency certification. Officials emphasised that certification is a strategic investment to boost consumer trust, expand market access, and strengthen the global competitiveness of Indonesia's creative economy.

Foreign Investors Aggressively Scoop Up 10 Stocks as IHSG Returns to 6,000 Level

The Jakarta Composite Index (IHSG) surged back to the 6,000 mark, driven by a broad market rally. Despite an overall net sell position, foreign investors aggressively targeted specific stocks, with significant net buying recorded in major petrochemical, banking, and mining companies.

The Liberation of Baitulmaqdis Through the Lens of Civilisation and World Order Transition

An academic hypothesis challenges the mainstream historical narrative that the liberation of Jerusalem was a sudden event, arguing it was a strategic grand design initiated by Prophet Muhammad. The analysis traces the foundations of this plan from the early Meccan period, highlighting the spiritual and geopolitical education of the Muslim community. Key milestones include the designation of Jerusalem as the first qibla and the theological significance of the Isra' and Mi'raj in transferring global leadership.

Mahfud MD Urges KPK to Take Over Case of Former Jampidsus Febrie Adriansyah, Here is the Anti-Corruption Body's Response

The Corruption Eradication Commission (KPK) has responded to former minister Mahfud MD's call for it to take over the case of former Junior Attorney General for Special Crimes Febrie Adriansyah. KPK spokesperson Budi Prasetyo stated the commission respects the ongoing legal process following the transfer of the investigation from the police to the Attorney General's Office. The case involves alleged corruption and money laundering in coal supply procurement for power plants, with the KPK pledging to monitor developments closely.

House in Koja, North Jakarta, Destroyed by Fire Following Explosion

A residential property in Koja, North Jakarta, which also served as a wooden frame workshop, was gutted by a fire early Tuesday morning. Residents reported hearing an explosion before the blaze rapidly spread, prompting a response from 25 firefighters. The fire was extinguished within an hour, with initial investigations pointing to an electrical short circuit as the cause.

Holidays Over, Free Nutritious Meals Programme Resumes in Schools

The Free Nutritious Meals (MBG) programme has resumed distribution to students following a two-week school holiday break. The National Nutrition Agency (BGN) has used the pause to implement improvements, focusing on menu quality, food safety, and strengthening local economic ecosystems. Officials emphasised prioritising local produce and involving small businesses to ensure the programme's benefits extend beyond students to farmers and the wider community.

BMKG urges residents in western Indonesia to be alert for rain on Tuesday

Indonesia's Meteorology, Climatology and Geophysics Agency (BMKG) has issued an early warning for potential extreme weather across several major cities in western Indonesia on Tuesday. The forecast includes thunderstorms in Tanjung Selor and light rain in Medan, Tanjung Pinang, and Bengkulu. The agency also noted that cloudy conditions are expected to dominate most other areas in the region.

Six Airlines Compete to Enter Husein Airport, These Are the Proposed Routes

Six airlines have formally applied to operate jet services at Bandung's Husein Sastranegara Airport as it prepares to reopen. The proposed routes include major domestic destinations and international connections to Kuala Lumpur and Singapore. Airport operator InJourney Airports is upgrading facilities, including runway strengthening and safety equipment, to meet regulatory requirements and support regional economic growth.

S&P Affirms Indonesia's BBB Rating, BI Governor Calls It Proof of Sustained Global Trust

S&P Global Ratings has reaffirmed Indonesia's sovereign credit rating at BBB with a stable outlook, citing the temporary nature of current fiscal and external weaknesses. Bank Indonesia Governor Perry Warjiyo stated that the decision reflects strong international confidence in the country's macroeconomic stability and solid growth prospects. The rating agency also signalled potential for a future upgrade if structural improvements in fiscal and external indicators are achieved.

Jakarta Deputy Speaker Demands Sanctions for School Bomb Threat Prankster: 'The Joke Wasn't Funny'

Jakarta Deputy Speaker Rany Mauliani has called for strict legal sanctions against a man who sent a bomb threat to a South Jakarta primary school, warning that a lenient resolution could encourage similar incidents. The perpetrator, identified as MY, claimed he was joking when he sent messages stating explosives had been planted at 11 locations during a morning flag ceremony. Police are currently examining the suspect's mental state, while legislators insist he must face legal consequences to ensure student safety.

Attorney General's Office Explains Instruction to Halt MBG Data Collection

The Indonesian Attorney General's Office has ordered all High Prosecutor's Offices to cease collecting data on the Free Nutritious Meals (MBG) programme. The instruction was issued because the designated collection period had ended and to prevent potential abuse of authority in the field. Data already gathered will still be used in the ongoing investigation into alleged corruption in the programme's management.

S&P Pertahankan Peringkat BBB Indonesia, Bukti Kebijakan Ekonomi Kredibel

S&P Global Ratings has reaffirmed Indonesia's sovereign credit rating at BBB with a stable outlook, citing robust economic growth prospects and prudent macroeconomic policies. The agency highlighted the government's commitment to maintaining a fiscal deficit below 3% of GDP and praised reforms in natural resource governance, including the establishment of PT Danantara Sumberdaya Indonesia. Coordinating Minister Airlangga Hartarto stated the affirmation signals international confidence in Indonesia's economic direction and provides a positive signal for investors amid global uncertainty.

Tendean Pedestrian Bridge in South Jakarta Near Collapse, Truck Still Stuck

A pedestrian bridge in South Jakarta is on the verge of collapse after being struck by a heavy equipment transporter that failed to clear its height. The incident has rendered the bridge unusable and caused severe traffic congestion from Pancoran towards Blok M. Multiple agencies, including the transportation department and police, are on site managing the situation.

Humaniora highlights: MPLS across Indonesia and social aid disbursement

The Ministry of Primary and Secondary Education is promoting a 'Friendly MPLS' to ensure safe learning environments, while condemning a bomb threat that disrupted school orientation in South Jakarta. Meanwhile, the Ministry of Social Affairs has scheduled the national orientation for 'Sekolah Rakyat' in four waves and confirmed that the third-quarter PKH and BPNT social assistance will be disbursed starting 20 July.

Trump Claims US Will Control Strait of Hormuz, Demands 20% Fee from All Ships

President Donald Trump has declared the United States will take over as the 'Guardian of the Strait of Hormuz' and impose a 20 per cent levy on all cargo transiting the strategic waterway. The announcement follows Iran's closure of the strait amid escalating military conflict, with the US launching a third consecutive night of strikes on Iranian targets. The plan has been condemned by the UN shipping agency as having no basis in international law, while Iran insists it remains the strait's sole guardian.

Dozens of Hectares of Rice Fields in Pidie Threatened by Harvest Failure Due to Drought

The El Niño weather phenomenon is severely impacting rice production in Aceh Province, with dozens of hectares in Pidie Regency now at risk of total harvest failure. Farmers report that young crops are drying out and turning yellow due to a critical lack of water, as irrigation channels run dry following a month of minimal rainfall. The affected areas, which have a history of drought, face the prospect of a prolonged crisis and potential grain shortages if significant rain does not fall soon.

Heavy Equipment Truck Gets Stuck on Tendean Pedestrian Bridge, Driver Detained

A truck transporting heavy equipment became lodged under the Tendean pedestrian bridge in South Jakarta, causing significant structural damage. The driver has been detained by police for questioning, with initial reports suggesting he was distracted by his mobile phone and misjudged the vehicle's height. The incident, which occurred in the early hours, has rendered the bridge's stairs unusable.

List of TransJakarta Routes Affected After Truck Gets Stuck on Tendean Footbridge in South Jakarta

Several TransJakarta bus routes experienced delays after a heavy equipment truck became lodged under a pedestrian bridge on Jalan Kapten Tendean, South Jakarta. The incident caused severe traffic congestion, with the driver reportedly distracted by a mobile phone and failing to account for the vehicle's height. Authorities are working to remove the truck while advising motorists to avoid the area.

Study Reveals Ideal Sleep Duration to Avoid Premature Ageing

A large-scale international study has found that sleeping less than six hours or more than eight hours a night is linked to accelerated biological ageing across multiple vital organs. Researchers analysed data from nearly half a million UK Biobank participants using machine learning to assess organ health. The findings underscore the importance of balanced sleep duration for maintaining metabolic and immune system health.

Mother of Lombok Boarding School Burning Victim Sobs, Pleads for Prabowo's Intervention

A grieving mother has tearfully appealed to President Prabowo Subianto to intervene in the case of her son, who was allegedly burned to death at an Islamic boarding school in Central Lombok. She claims local police and officials from the Ministry of Religious Affairs pressured her to accept a settlement to cover up the crime. Police have named two suspects, including the head of the boarding school, but investigations only began six months after the incident.

The Latest Fate of SDN Pocin 1 Depok, Now Razed to the Ground

The former SDN Pondok Cina 1 building in Depok has been completely demolished following a protracted dispute that began in 2022. The site, originally slated for a grand mosque, is now being redeveloped into a 'Creative Home for Special Children' with a budget of Rp 15.7 billion. Local residents have expressed disappointment and are demanding transparency from the city government regarding the land's ownership status and the project's justification.

Danantara Names Partners for Second Phase PSEL, Global Giants Join the Fray

Indonesia's Danantara Investment Management has conditionally awarded contracts for eight waste-to-energy projects across 20 regencies and cities. The selection attracted fierce competition from 85 firms, with consortia led by global players like Veolia and SUEZ, as well as domestic champions, securing the conditional awards. The initiative marks a significant step in the nation's green infrastructure push and technology transfer ambitions.

NTT Provincial Government Proposes 19 Roads and 7 Bridges Worth IDR 1.649 Trillion to Central Government

The East Nusa Tenggara (NTT) provincial government has formally proposed a IDR 1.649 trillion infrastructure package to the central government. The proposal includes the construction of 19 strategic road segments across 19 districts and seven bridges. The projects aim to strengthen border connectivity, support post-disaster recovery, and boost tourism and economic access in the region.

TNI Commander and National Police Chief's Meeting Highlights Unity Through Song

TNI Commander General Agus Subiyanto and National Police Chief General Listyo Sigit Prabowo held a meeting at TNI Headquarters in Cilangkap, Jakarta, emphasising the strong solidarity between the two institutions. The gathering, which included a casual sing-along, was described as a symbol of their commitment to maintaining national stability. Both leaders stressed that TNI-Polri synergy is crucial for safeguarding national interests and supporting the government's development agenda towards the Indonesia Emas 2045 vision.