Indonesian Political, Business & Finance News

Archive: 29 July 2026

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BGN Prepares Free Nutritious Meal Scheme for Children in Conflict-Prone Areas

Indonesia's National Nutrition Agency (BGN) is developing a mechanism to deliver the Free Nutritious Meal (MBG) programme to children in conflict-prone regions, potentially utilising places of worship as distribution points. The initiative is part of a broader government effort to accelerate the programme's rollout, prioritising regions with high stunting rates such as Papua Highlands and East Nusa Tenggara. The government aims to update data on 63 million beneficiaries and reposition programme targets within one month.

OCBC NISP Acquires Controlling Stake in Great Eastern Life Indonesia

PT Bank OCBC NISP Tbk has secured regulatory approval to become the controlling shareholder of PT Great Eastern Life Indonesia (GELI) following a share reclassification. The bank will hold a 20% stake, including special voting rights, while The Great Eastern Life Assurance Company Limited retains 80% economic ownership. This move aligns with OJK regulations on financial conglomerates.

Sudaryono Proposes Nutritionists and Paediatricians for BGN Supervisory Board

The Head of the National Nutrition Agency (BGN), Sudaryono, has proposed that the agency's supervisory board include professional experts such as nutritionists, paediatricians, and obstetricians to ensure the success of the Free Nutritious Meals programme. This follows Minister of State Secretary Prasetyo Hadi's clarification that President Prabowo Subianto had requested Nanik S. Deyang to fill a position on the board. Prasetyo also stated that the functional meaning of 'Dewan Pengarah' (Steering Committee) and 'Dewan Pengawas' (Supervisory Board) is essentially the same, despite the terminology used in the presidential regulation.

PAM Jaya Prepares IDR 22.8 Trillion Investment to Overhaul 13,000 Kilometres of Water Pipes

Jakarta's water utility PAM Jaya is planning a massive IDR 22.8 trillion investment to replace 13,000 kilometres of ageing pipes to combat high non-revenue water (NRW) levels. The company will conduct a market sounding in December 2026 to explore investment schemes, while a regional legislative council member has urged the utility to also expand household connections to optimise water distribution.

Medan Mayor Confirms Lurah Who Mocked Resident's Complaint Under Inspectorate Investigation

Medan Mayor Rico Waas has confirmed that Lurah Syerly, who went viral for mocking a resident's complaint about street lighting, is under investigation by the Inspectorate. The mayor stated that the process is ongoing and any violations will be dealt with according to regulations. He did not give a clear answer regarding the possibility of the official's dismissal.

Zulhas Discusses Fate of 13,000 New Free Nutritious Meal Kitchens

Coordinating Minister for Food Zulkifli Hasan has signalled that the government will proceed with opening approximately 13,000 new free nutritious meal (MBG) kitchens, prioritising regions with high stunting rates. The rollout will be conducted in stages, with the first phase targeting underdeveloped, frontier, and outermost areas such as Highland Papua and East Nusa Tenggara within a month. A second phase covering other regions like Java and Sumatra will follow after a two-month evaluation period.

Forest Fires Shift to Southern Sumatra as Riau Sees Reprieve

Forest and land fires (karhutla) are now predominantly affecting the southern regions of Sumatra, particularly Jambi and South Sumatra, while Riau has been declared safe. Authorities reported 406 hotspots across the island, with South Sumatra recording the highest number, and are relying on weather modification operations to mitigate the crisis.

Bali's Central Government Transfer Funds Drop 7.06% in First Half of 2026

The central government disbursed Rp5.61 trillion in transfer funds to Bali Province during the first half of 2026, a 7.06% decline from the same period last year. The decrease is attributed to a lower overall allocation, with significant drops in revenue sharing, special allocation funds, and village funds. However, direct central government spending in Bali rose by nearly 21%.

Industry Minister: ANTARA Must Return as Leading Sector in National News Ecosystem

Industry Minister Agus Gumiwang Kartasasmita has called for the national news agency ANTARA to be restored as a leading sector within Indonesia's news ecosystem, beyond its role as a mere news provider. He emphasised the need to reactivate programmes such as the ANTARA International Circle to help the government communicate its policies to international media. The minister described ANTARA as a strategic partner that must be further empowered.

North Jakarta Deputy Mayor: MTQ Strengthens Love for the Quran

North Jakarta Deputy Mayor Fredy Setiawan stated that the Musabaqah Tilawatil Qur'an (MTQ) serves as a means to strengthen love for the Quran and apply its values in daily life. He dispatched 34 participants to compete in the 2026 DKI Jakarta Governor's Cup MTQ. The local government expressed optimism that the contingent would achieve proud results at the provincial level.

House of Representatives Mediates Resolution of SPBUN-SGN Worker Aspirations

The Indonesian House of Representatives (DPR) has successfully mediated a dispute between the SPBUN-SGN labour union and the management of PT Sinergi Gula Nusantara. The agreement addresses worker aspirations regarding bonuses and standard harmonisation. Following the resolution, workers have pledged to improve performance and support national sugar self-sufficiency and energy security programmes.

Aspiration Resolution Achieved, SPBUN-SGN Appreciates DPR's Role

The Serikat Pekerja Perkebunan Nusantara PT Sinergi Gula Nusantara (SPBUN-SGN) has expressed gratitude to the Indonesian House of Representatives (DPR) for facilitating a successful mediation with management. The agreement addresses employee aspirations, particularly concerning bonuses and standard harmonisation. The resolution is expected to boost worker performance in support of national sugar self-sufficiency and energy security programmes.

Nine Indonesian Sumud Flotilla Participants Report Netanyahu to Attorney General's Office

Nine Indonesian nationals who participated in the Global Sumud Flotilla have filed a complaint with the Attorney General's Office against Israeli Prime Minister Benjamin Netanyahu. The complaint alleges kidnapping, hostage-taking, and torture by Israeli forces during a humanitarian mission to Gaza in May 2026. The legal team is invoking universal jurisdiction under Indonesia's new Criminal Code to seek accountability for human rights violations committed against Indonesian citizens in international waters.

Baznas Distributes Rp202 Million for Cataract Surgery for Mustahik in Bandung

The National Amil Zakat Agency (Baznas) has provided Rp202 million in aid for cataract surgery for underprivileged patients at Muhammadiyah Hospital in South Bandung. The programme aims to restore healthy vision to those from low-income families, allowing them to read, see their grandchildren, and read the Qur'an again. Baznas hopes for continued public support to increase zakat collections and expand the benefits for the community.

IFW 2026 Promotes Indonesian Fashion Industry Balancing Tradition and Innovation

Indonesia Fashion Week 2026 has adopted the theme 'Ulos Simetria' to highlight the importance of balancing tradition and innovation within the nation's fashion industry. The event aims to strengthen the fashion ecosystem by bringing together hundreds of designers, brand owners, and SMEs. Organisers emphasise that the traditional Ulos cloth symbolises harmony and unity, serving as a foundation for the creative industry's future.

When Algorithms Decide Who Deserves Sharia Financing

The increasing use of artificial intelligence in Indonesia's financial sector promises efficiency but raises concerns about algorithmic bias, particularly within the growing sharia banking industry. While AI can rapidly assess creditworthiness using digital footprints, it risks creating new forms of exclusion for small traders and rural communities who lack extensive digital transaction histories. The article argues that for Islamic finance, which is rooted in principles of justice and public welfare, reliance on potentially biased algorithms may undermine its core social objectives.

West Java Deputy Governor's Name Dragged into Alleged Fraud Case, Lawyer Cites Misunderstanding

A complainant in an alleged fraud case involving Rp 3 billion has apologised to West Java Deputy Governor Erwan Setiawan, clarifying that his name was mistakenly implicated. The apology followed a meeting where both parties agreed there was a misunderstanding and that no funds were ever received by the Deputy Governor. The complainant and the Deputy Governor's legal team are now jointly urging the police to proceed with the investigation against the primary suspect.

Zulhas Reveals Fate of 13,000 SPPG Deemed Wasteful, Some Prioritised

Coordinating Minister for Food Zulkifli Hasan has outlined the government's plan to address 13,000 Nutritional Fulfilment Service Units (SPPG) previously criticised for budget inefficiency. Priority will be given to underdeveloped regions and areas with high stunting rates, such as Papua and East Nusa Tenggara, with a target resolution of one month. The remaining units, primarily in Sumatra and Java, will require further study and an estimated two months for a solution.

Yusril: State's Failure to Provide Security Fuels Vigilantism

Coordinating Minister Yusril Ihza Mahendra has warned that the state's inability to guarantee public safety is the primary cause of rising vigilante justice in Indonesia. He highlighted recent fatal mob attacks in Bali and Morowali as evidence of a serious failure in law enforcement protection. Yusril is initiating a joint coordination meeting with ministries and independent bodies to address street crime while upholding human rights principles.

Police Process Withdrawal of PWI's Report Against Hotman Paris Over 'Do You Have a Brain' Remark

The Indonesian Journalists Association (PWI) has officially withdrawn its police report against prominent lawyer Hotman Paris Hutapea. The report was filed following Hotman's controversial 'do you have a brain' remark during a press conference. The withdrawal follows a mediated reconciliation between PWI leadership and Hotman, facilitated by the Deputy Speaker of the House of Representatives, Sufmi Dasco Ahmad.

Pertamina Extends SPBU Operating Hours Amid Fuel Queues in Pontianak

Pertamina Patra Niaga has extended operating hours at several petrol stations in Pontianak and Kubu Raya until midnight to manage surging fuel demand. The state-owned energy firm is also distributing an additional 176 kilolitres of fuel and coordinating with local authorities to ensure orderly distribution. The company assures the public that fuel stocks remain secure and urges motorists to purchase according to their needs.

Pramono pushes Finance Ministry to speed up review of Jakarta bonds

Jakarta Governor Pramono Anung has urged the Finance Ministry to expedite its review of the city’s proposed regional bonds, intended to diversify funding for major infrastructure projects. The bond issuance, planned for 2027 to coincide with Jakarta’s 500th anniversary, aims to finance developments including the LRT 1C line, hospitals, schools, and flood-control systems. The administration is seeking central government support to ensure the creative financing scheme is implemented transparently and efficiently.

BSI Trades 8.06 Tonnes of Gold via Bullion Service as of June 2026

PT Bank Syariah Indonesia (BSI) has traded 8.06 tonnes of gold through its bullion bank service, with customer numbers surging past 1.3 million by June 2026. The bank reported a 700 percent year-on-year increase in bullion customers, driving a 712 percent rise in gold business fee-based income. BSI aims to make gold investment more accessible and affordable, positioning the business as a key growth engine for the state-owned Islamic lender.

KPK Examines Geisz Chalifah as Witness in Former Kukar Regent's Coal Graft Case

Indonesia's Corruption Eradication Commission (KPK) has summoned Geisz Chalifah for questioning as a witness in a bribery and gratuity case involving coal production in Kutai Kartanegara. The case implicates former regent Rita Widyasari, who was previously convicted of accepting gratuities and is now facing money laundering charges. The KPK has also named three coal companies as corporate suspects for allegedly paying the gratuities.

Ex-Bangladesh PM Hasina Vows to Return Home Despite Fears of Being Killed

Sheikh Hasina, the ousted prime minister of Bangladesh, has declared her intention to return to her country in December despite expressing fears she could be killed or imprisoned. The 78-year-old, who fled to India following a student-led uprising in August 2024, was convicted in absentia of crimes against humanity and sentenced to death last November. Hasina dismissed the conviction as politically motivated and stated her desire to serve her people, though she avoided commenting on whether she would resume political activities.

BGN to Launch Portal for Public Monitoring of Free Nutritious Meals Programme

Indonesia's National Nutrition Agency (BGN) is preparing to launch a public transparency portal within two weeks, allowing parents to monitor the Free Nutritious Meals (MBG) programme. The platform will display daily menus, nutritional content, and kitchen locations. The agency is also implementing a digital monitoring system to oversee kitchen operations and prevent the spread of misinformation.

Talent Summit 2026 Strengthens Merit System and Talent Management at DPD RI Secretariat General

The DPD RI Secretariat General is reinforcing its commitment to a merit-based system for developing future leaders through its Talent Summit 2026. Secretary General Mohammad Iqbal stressed that human capital is the key to organisational excellence, with career development policies now strictly guided by competence, performance, and integrity. The initiative includes the implementation of the SIMANTAP talent management information system and a broader ecosystem to foster a sustainable culture of professional growth among civil servants.

Pertamina Geothermal posts US$79.61 million profit in Q2 2026

PT Pertamina Geothermal Energy Tbk (PGEO) reported a 15.48% year-on-year increase in net profit to US$79.61 million in the second quarter of 2026, driven by higher production and revenue. The company's total output rose 13.62% to 2,745 GWh in the first half, while its equity position strengthened and liabilities declined. PGEO aims to expand its installed capacity to 1 GW by 2028 and 1.8 GW by 2033, supporting Indonesia's renewable energy targets.

KOSPI Plunges on Tech Stock Rout, Should Regional Markets Be on Alert?

South Korea's KOSPI index triggered circuit breakers for a second consecutive day as semiconductor stocks, led by SK Hynix and Samsung Electronics, suffered heavy losses despite strong earnings. The sell-off, which spread to US and Japanese tech shares, is being attributed to deleveraging and waning euphoria around artificial intelligence. Analysts suggest the sharp correction may present a buying opportunity, though uncertainty around the AI investment cycle persists.

Land Fires Spread in Jambi Ahead of End of July

Land and forest fires in Jambi Province have expanded to 222 hectares by the end of July, an increase of 65 hectares from mid-month. The fires, affecting both mineral and peat soils, are spread across several districts, prompting a response involving 81 monitoring posts, water bombing, and weather modification efforts. Authorities have also pledged strict legal action against individuals and corporations found responsible for the burning.

West Java Governor Dedi Mulyadi Thanks Human Rights Minister for Criticising Begal Bounty

West Java Governor Dedi Mulyadi has responded to criticism from Human Rights Minister Natalius Pigai regarding a bounty programme for capturing violent robbers, or 'begal'. Mulyadi defended the initiative, stating it aims to protect both victims and perpetrators, while thanking the minister for reminding him to prevent human rights violations. He argued that crime victims themselves suffer human rights abuses through loss of security and property.

BKPM: Japanese Investment Trend in Indonesia Strengthens in First Half of 2026

Japan has solidified its position as Indonesia's fourth-largest foreign investor, with realised investments reaching 1.9 billion US dollars in the first half of 2026. The Investment Ministry highlights this as a reflection of growing trust and a strengthening long-term partnership. The government is leveraging international events like the Osaka World Expo to attract further sustainable investment.

East Lombok Regency Government Partners with Prosecutor's Office to Pursue Delinquent Taxpayers

The East Lombok Regency Government in West Nusa Tenggara has partnered with the District Prosecutor's Office to recover unpaid taxes from hard-to-reach taxpayers. The collaboration has already proven effective, securing Rp 10 billion in tax receivables by mid-2026. The prosecutor's office is also providing legal assistance for development projects to prevent irregularities.

Deputy Police Chief Inaugurates KBPP Polri Board, Urges Development of Superior Human Resources

Deputy Chief of the Indonesian National Police, Komjen Pol Dedi Prasetyo, has inaugurated the new board of the Police Family Association (KBPP Polri) for the 2026-2031 term. The ceremony emphasised the organisation's strategic role in fostering human resource development, digital literacy, and entrepreneurship among police families. The new leadership is tasked with strengthening community empowerment and supporting the government's vision for Indonesia Emas 2045.

KPK Examines Geisz Chalifah in Gratification Case Involving Former Kutai Kartanegara Regent

Indonesia's Corruption Eradication Commission (KPK) has questioned businessman Geisz Chalifah as a witness in a graft case linked to former Kutai Kartanegara Regent Rita Widyasari. The investigation concerns alleged gratification from the coal mining sector. The KPK has also recently named three corporations as suspects in the case.

Medan Official Mocks Resident Who Complained to Mayor About Street Lighting

A Medan sub-district head has gone viral and faces disciplinary action after mocking a resident who was asking the mayor for better street lighting. The resident had complained about dark and dangerous conditions on Jalan Paya Pasir, even installing four light poles at his own expense. The city inspectorate found the official in violation of the code of ethics and has recommended a light disciplinary punishment.

Health Minister Says 112 Million Indonesians Suffer from Malnutrition, Calls Free Nutritious Meal Programme a Solution

Health Minister Budi Gunadi Sadikin has stated that 112 million Indonesians are suffering from malnutrition, based on the latest national socio-economic survey. He emphasised that the Free Nutritious Meal (MBG) programme is a crucial intervention to address this widespread health issue, particularly among toddlers and school-aged children. The programme, a priority of the Prabowo administration, is seen as a key tool to combat stunting and improve public health, despite facing criticism over its budget and governance.

Bali Police Uncover Illicit Spa Operation in Seminyak

Bali Regional Police have uncovered an illicit establishment masquerading as a spa in Seminyak, Badung, during the ongoing Pekat Agung 2026 operation. Five female workers have been detained for questioning, though no suspects have yet been named. The operation, running until 6 August, targets various forms of vice that threaten public order and security.

TNI AU Commemorates 79th Bakti Day, Vows to Modernise and Safeguard Indonesian Airspace

The Indonesian Air Force (TNI AU) celebrated its 79th Bakti Day with a ceremony at the Air Force Academy, where Chief of Staff Air Chief Marshal Mohamad Tonny Harjono reaffirmed the force's commitment to modernisation and national sovereignty. He highlighted the need for readiness in cyber, information, and multi-domain operations alongside the arrival of new defence equipment. The event also honoured the history of the force's first air strike in 1947 and included community service initiatives across the country.

Jakarta's Rp3.5 Trillion Bond Expected to Open Opportunities for Young Entrepreneurs

Jakarta's planned Rp3.5 trillion municipal bond issuance in 2027 is being hailed as a potential gateway for young entrepreneurs to participate in strategic city projects. The Indonesian Young Entrepreneurs Association (HIPMI) Jakarta chapter has urged the city administration to ensure the funds are directed towards productive, transparently managed projects with measurable economic impact. The bond is seen as a creative financing breakthrough that could broaden private sector and investor participation in the capital's development.

Government Urged to Set Sugar, Salt, and Fat Limits to Protect Children's Health

The Indonesian Child Protection Commission (KPAI) has called on the government to immediately establish regulatory limits for sugar, salt, and fat content in food. The commission argues that such measures are essential to fulfilling children's constitutional rights to healthy growth and development. Stakeholders warn that without clear regulations, the nation risks a future health crisis among its youth.

Deputy Trade Minister: Wastra Export Potential Reaches USD 251.34 Million

Indonesia's Deputy Trade Minister Roro Esti Widya Putri has highlighted the significant export potential of the nation's traditional textiles, or 'wastra', with estimated transaction values reaching USD 251.34 million. This potential is supported by market expansion across 32 countries and facilitated through business matching activities. The minister emphasised the role of cultural heritage, exemplified by the Ulos-themed Indonesia Fashion Week 2026, as a valuable economic commodity ready to compete globally.

Registration Opens for Village Head Elections in 154 Villages Across Bekasi Regency

The registration period for candidates in the 2026 simultaneous village head elections (Pilkades) across 154 villages in Bekasi Regency officially opened on 26 July and will run until 2 August 2026. The local government has urged all prospective candidates and their supporters to uphold democratic ethics and avoid money politics. The election committee in Sukaresmi Village has already received its first registration documents from a candidate named Mulyadi Ibrahim.

Pertamina Completes 3D Seismic Survey in Makassar Strait

PT Pertamina Hulu Energi (PHE) has completed a 3D seismic survey in the Makassar Strait, finishing 42 days ahead of schedule with zero accidents. The survey, covering 2,500 square kilometres, is part of efforts to identify new oil and gas reserves to support Indonesia's energy security. The project was carried out in collaboration with PT Elnusa Tbk and China Oilfield Services Limited (COSL).

President Prabowo Establishes Seven New District Prosecutors' Offices via Perpres 40/2026

President Prabowo Subianto has officially established seven new District Prosecutors' Offices (Kejari) through Presidential Regulation Number 40 of 2026. The move aims to strengthen the prosecutorial institution and improve public access to legal services, particularly in remote areas. Funding for the new offices will be sourced from the Attorney General's Office budget.

KKP Prepares 200 Red and White Fishermen's Villages in Papua

The Ministry of Marine Affairs and Fisheries (KKP) is preparing to build 200 Red and White Fishermen's Villages in Papua to strengthen the coastal economy and improve fishermen's welfare. The programme, part of a broader expansion targeting remote and small island areas, will be carried out in collaboration with the Indonesian National Armed Forces (TNI). The initiative aims to create integrated fisheries economic activities, from production to marketing, and will be linked to other government programmes to boost local value.

Rupiah Closes Stronger After Four-Day Losing Streak

The Indonesian rupiah snapped a four-day losing streak to close stronger against the US dollar on Wednesday, recovering from an early dip to the psychological level of Rp18,100. The rebound occurred as the greenback weakened ahead of the Federal Reserve's interest rate decision, while Bank Indonesia reiterated its commitment to maintaining currency stability through triple intervention and other monetary instruments.

Bank Mandiri Taspen Meets West Java Governor to Strengthen Retiree Welfare

Bank Mandiri Taspen and PT Taspen (Persero) met with West Java Governor Dedi Mulyadi to reinforce their commitment to improving services for retired civil servants. The meeting highlighted the strategic partnership aimed at ensuring easier and faster access to pension benefits. The collaboration is expected to enhance the quality of life for retirees in the region through more inclusive financial services.

I Gusti Ngurah Rai Air Base Launches 'Gatra Akasa' Digital Information Gateway

The I Gusti Ngurah Rai Air Force Base in Bali has launched 'Gatra Akasa', its first official interactive digital magazine and information portal. The initiative, realised within weeks of the new commander taking office, aims to ensure accurate and accountable information dissemination from the base. The project combines digital archiving with local Balinese aesthetics and was supported through a non-commercial CSR programme by Juara Holding Group.

Iraqi PM al-Zaidi convenes emergency security meeting following US-Saudi airstrikes

Iraqi Prime Minister Ali al-Zaidi has called an emergency meeting of the National Security Council after joint US-Saudi airstrikes hit eastern Iraq. The strikes reportedly targeted logistics facilities and weapons depots linked to attacks on American forces and Saudi energy infrastructure. The Iran-backed Popular Mobilisation Forces (PMF) stated that their positions were hit, resulting in casualties and damage.