Indonesian Political, Business & Finance News

Archive: 10 August 2026

Showing 851-900 of 1,377 articles

Lenovo Launches Lecoo P900A Tablet with 5,000mAh Battery

Lenovo has introduced the Lecoo P900A, a budget-friendly tablet under its sub-brand in China, featuring a 5,000mAh battery and an octa-core MediaTek processor. The device offers 8GB of RAM, 128GB of storage, and an 8-inch IPS display, running on Lenovo's streamlined ZUXOS operating system. Priced at 899 yuan, it includes Lenovo Super Interconnect 3.0 for seamless integration with compatible PCs and smartphones.

Danantara Set to Take Stake in IDX as Demutualization Process Moves Forward

Indonesia's sovereign wealth fund Danantara is advancing plans to acquire a stake in the Indonesia Stock Exchange as part of its demutualization, with regulatory discussions ongoing. The investment, to be executed through Danantara Investment Management, is mandated under the P2SK Law which permits state institutions to become shareholders. The Financial Services Authority is targeting completion of the necessary regulations by the third quarter of 2026.

West Java's Human Development Index Rises to 75.90 in 2025, Dedi Mulyadi's Leadership Praised

West Java's Human Development Index (IPM) reached 75.90 in 2025, marking its highest growth in five years at 1.31 per cent. The improvement was driven by gains in health, education, and living standards, alongside a reduction in poverty. A regional legislator credited Governor Dedi Mulyadi's policy direction for the positive outcomes.

4,000 Scavengers at Bantargebang Registered for BPJS Employment

The Jakarta provincial government has registered 4,000 scavengers working at the Bantargebang integrated waste treatment plant for BPJS Ketenagakerjaan social security. Governor Pramono Anung noted the programme began in 2017 and urged officials to register the remaining 2,000 workers. The initiative, supported by a 50 percent government subsidy on premiums, is expected to serve as a model for extending social protection to informal workers in other regions.

Danantara Prepares to Acquire Stake in Indonesia Stock Exchange, Process Expected Within Months

Indonesia's sovereign wealth fund, Danantara, is in advanced talks with the Financial Services Authority (OJK) to acquire shares in the Indonesia Stock Exchange (IDX) as part of its demutualisation process. The investment, to be executed through its subsidiary Danantara Investment Management, is expected to be finalised within a few months. The OJK is currently drafting the necessary regulations, targeted for completion by September 2026.

MAKI Urges KPK Supervisory Board to Reprimand Leaders Over Undetained CSR Fund Suspects

The Indonesian Anti-Corruption Society (MAKI) has called on the KPK Supervisory Board to reprimand the anti-graft body's leadership for failing to detain two lawmakers named as suspects in a Bank Indonesia CSR fund corruption case over a year after the investigation began. The case involves alleged misappropriation of corporate social responsibility funds from Bank Indonesia and the Financial Services Authority (OJK) between 2020 and 2023. MAKI is demanding concrete action, including the immediate detention of the two suspects, who are current members of the House of Representatives.

Electricity Tariffs Unchanged Until September 2026, Here Are the Prices per kWh for 13 Customer Groups

The Indonesian government has decided to keep electricity tariffs unchanged for the July–September 2026 period to maintain economic stability and public purchasing power. The decision applies to both 13 non-subsidised and 24 subsidised customer groups, including households, small businesses, and micro-enterprises. The tariff freeze comes despite economic parameters that could have justified an adjustment.

Minister of Creative Economy Encourages Local Games to Become Export Commodities

Indonesia's Minister of Creative Economy, Teuku Riefky Harsya, has highlighted the significant growth of the local gaming industry, which expanded by 18.22 percent year-on-year, and is pushing for it to become a major export commodity. He emphasised the need for collaboration between the government and stakeholders to ensure Indonesian games gain wider access to global markets. The ministry has initiated programmes such as showcasing local games at airports and international events to boost their commercial potential and create jobs.

Minister Prepares Principals and Tutors for First SNT School Orientation

Minister of Primary and Secondary Education Abdul Mu'ti has briefed principals and tutors ahead of the inaugural student orientation for the National Integrated Schools (SNT) programme, set for 10 August 2026. The training emphasised building a quality learning environment from day one, with educators expected to foster safe, inspiring, and innovative schools. The initiative is part of a broader effort to establish SNT as centres of excellence and catalysts for equitable education across Indonesia.

State Secretary Reaffirms No Cabinet Reshuffle Plans

Minister of State Secretary Prasetyo Hadi has reiterated that President Prabowo Subianto currently has no plans to reshuffle the Merah Putih Cabinet. The statement comes despite vacancies left by a deputy minister implicated in a corruption case and another who moved to lead the National Nutrition Agency. Hadi noted that any future reshuffle would prioritise filling these vacant positions.

Jakarta Governor Backs Government Synergy to Protect Informal Waste Sector Workers

Jakarta Governor Pramono Anung Wibowo has pledged full support for central and regional government collaboration to extend social protection to informal waste workers, including 4,000 waste pickers at the Bantargebang TPST. The initiative, which has seen the Jakarta administration allocate funds for BPJS Ketenagakerjaan contributions since 2017, aims to ensure all workers receive adequate social security. The Environment Minister also highlighted Jakarta's potential to become a model for integrated urban waste management by 2028.

US Unfazed by Netanyahu's Rejection of 15-Point Peace Board Plan

The United States has dismissed Israel's rejection of a Gaza peace plan as political posturing, indicating it will not object as long as Israel continues to limit its military operations. Prime Minister Benjamin Netanyahu announced Israel's refusal of the 15-point Board of Peace proposal, insisting the military would not withdraw from Gaza until Hamas is fully disarmed. Despite the rejection, Hamas officials believe Israel is still cooperating with the Board of Peace, noting Netanyahu had previously pledged to give the plan a chance.

ParagonCorp Advances Science-Based Beauty Research Through Multi-Omics Collaboration

Indonesian beauty company ParagonCorp is strengthening its research capabilities by partnering with Corpora Science to develop a multi-omics approach to skincare. The collaboration builds on genomic research started in 2021 and aims to create more personalised and precise beauty products based on the biological characteristics of Indonesian consumers. The initiative is part of a long-term investment to build a robust scientific research ecosystem in Indonesia.

Digital Independence: It's Time to Become Creators of Technology

An opinion piece argues that Indonesia's digital independence hinges on shifting from being mere technology users to becoming creators. It calls on higher education institutions, like Universitas Nusa Mandiri, to foster innovation and produce graduates capable of solving real-world problems. The article frames this as the modern continuation of the nation's struggle for true independence.

Iran Refuses to Reopen Strait of Hormuz Until US Pays War Compensation

Iran's Revolutionary Guard has declared the Strait of Hormuz will remain blockaded until the United States meets a list of demands, including paying war reparations. The demands also include ending sanctions and unfreezing Iranian assets, as the strategic waterway becomes a focal point of escalating tensions. The standoff continues to disrupt energy markets, though President Trump described his approach as 'calm' and compared the situation to a game of chess.

Handi Dies After Alleged Abduction and Assault in Sumedang, 15 Detained

A 40-year-old man named Handi was found dead with his hands and feet bound in Sumedang, West Java, after allegedly being abducted and assaulted. Police have detained 15 individuals for questioning, including several who were apprehended in North Jakarta after fleeing the scene. Authorities are still investigating the motive behind the killing.

Wildfires Spread in Mount Bromo, State Secretary Responds

State Secretary Prasetyo Hadi has addressed the escalating forest and land fires in the Bromo Tengger Semeru National Park, stating that the government is coordinating intensive firefighting efforts. Authorities have deployed water bombing, helicopters, and aircraft to contain the blazes following direct orders from the President. The public has also been urged to exercise extreme caution and avoid activities that could spark further fires amid the current dry weather conditions.

Aftermath of Mount Bromo Fire: National Park Closures in Indonesia Are Situational

The Ministry of Forestry has stated that the closure of access to national parks in Indonesia is conditional and depends on the escalation of forest and land fire threats. Currently, only the Bromo Tengger Semeru National Park has been fully closed to facilitate massive ground firefighting efforts. The ministry is focusing on increased patrols and public awareness campaigns to prevent further fires during the dry season.

Jamkrida Bali Launches UMKM Invoice Guarantee, Enabling Faster Cash Disbursement

PT Jamkrida Bali Mandara has introduced a new invoice guarantee product aimed at helping micro, small, and medium enterprises (UMKM) in Bali access funds more quickly. The scheme allows suppliers in sectors like agriculture and livestock to use their invoices as collateral for bank loans, with Jamkrida providing the guarantee. This initiative addresses the common issue of delayed payments from hotels and restaurants, ensuring local producers have better cash flow.

Minister Dudy Affirms End-to-End Handling of Over-Dimension Over-Loading Vehicles

Transport Minister Dudy Purwagandhi has stressed that tackling over-dimension over-loading (ODOL) vehicles requires a comprehensive approach from upstream to downstream. The strategy involves cross-sector collaboration, thorough supervision, and technology-based law enforcement. The government is targeting zero ODOL vehicles by 2027.

Foreign Investors Net Buy Rp393 Billion in Session I, Here's the Stock List

The Jakarta Composite Index (IHSG) reversed course to close lower in the first trading session on Monday, despite foreign investors recording a net buy of Rp393.71 billion across all markets. The index fell 0.49% to 6,378.40, pressured by large-cap stocks, while foreign buying was concentrated in Dian Swastatika Sentosa and Merdeka Gold Resources. Meanwhile, Chandra Asri Pacific and Bank Mandiri saw the largest foreign net selling.

Egg Prices Plunge, Feed Costs Soar: South Sulawesi Farmers Threaten to Shut Down

Dozens of poultry farmers from across South Sulawesi protested at the governor's office on Monday, distributing eggs and chickens as a symbol of their desperation. The farmers are reeling from a sharp drop in egg prices below the government's reference price, while feed costs have simultaneously surged by up to 35 per cent. They have given the authorities a 14-day ultimatum to implement concrete policies or face a larger, more disruptive demonstration.

Pre-trial Motion by Hajj Quota Corruption Suspect Rejected, KPK Says Search Was Procedural

The South Jakarta District Court has rejected a pre-trial motion filed by Asrul Azis Taba, a suspect in the hajj quota corruption case, who challenged the legality of a search conducted by the Corruption Eradication Commission (KPK). The KPK welcomed the ruling, stating it confirms the search was carried out in accordance with legal procedures. The main trial is scheduled to begin on 11 August 2026 at the Jakarta Central Corruption Court.

OJK: Carbon Trading Part of Sustainable Finance Ecosystem

Indonesia's Financial Services Authority (OJK) has affirmed that carbon trading is integral to the nation's sustainable finance ecosystem, pledging to strengthen regulations and market transparency. The Ministry of Forestry is simultaneously reinforcing the legal framework, including a new ministerial regulation, to ensure carbon trading supports forest conservation and provides fair benefits. These coordinated efforts aim to build market trust and enhance the competitiveness of Indonesian carbon projects internationally.

Tax Office Clarifies No New Tax for Boarding House Owners in 2027

Indonesia's Directorate General of Taxes (DJP) has confirmed there are no plans to introduce a new tax specifically targeting boarding house owners in 2027. The agency clarified that rental income is already subject to existing income tax regulations, and any future compliance efforts will be based on risk analysis and taxpayer profiles. The DJP emphasised its commitment to fairness, legal certainty, and considering economic conditions in its supervisory approach.

Pramono Anung: Jakarta's Waste Segregation Programme Reaches 23.14 Percent

Jakarta Governor Pramono Anung announced that the capital's waste segregation programme has achieved a 23.14 percent rate as of early August 2026, marking a shift from a disposal-based system to a sorting and processing model. The Governor warned that private sector entities, particularly those in the hospitality industry, face public naming and fines of up to IDR 5 million for non-compliance, with repeat offenders risking the revocation of their business permits. The administration is targeting 100 percent waste management by 2028, supported by the future operation of a waste-to-energy power plant.

Majalengka Government Proposes KH Abbas Abdul Jamil as National Hero

The Majalengka Regency government has formally endorsed the proposal to bestow the title of National Hero upon KH Abbas Abdul Jamil, a prominent West Java cleric. Known as the 'Lion of West Java', he led a brigade of Islamic students in the pivotal 10 November 1945 battle in Surabaya. The proposal is supported by historical research confirming his role in the independence struggle and pioneering efforts in modernising Islamic education.

Forest and Land Fires Spread in Sungai Tendang, 10 Hectares Near Airport Ablaze

Forest and land fires in West Kotawaringin Regency, Central Kalimantan, have expanded to an estimated 10 hectares near Iskandar Airport. Firefighters are struggling to contain the blaze on peatland amid hot and windy conditions, with smoke affecting the surrounding area. Authorities are investigating the cause and have reminded the public that open burning is a criminal offence carrying severe penalties.

UB Orientation Focuses on Mental Health Screening for 17,300 New Students

Universitas Brawijaya (UB) is prioritising mental health during its new student orientation, screening 17,300 students for early detection of psychological issues. The initiative includes strengthening peer counsellor support and enforcing strict regulations against bullying, with penalties up to expulsion.

Cabinet Secretary Teddy Meets Businessman Haji Isam to Discuss Downstreaming and Energy Investment

Cabinet Secretary Teddy Indra Wijaya held a meeting with prominent businessman Andi Syamsuddin Arsyad, known as Haji Isam, to discuss investment in downstreaming, energy, and logistics. The discussion aimed at strengthening the national economy through collaboration between the government and the private sector. This meeting follows President Prabowo Subianto's recent gathering with the Indonesian Chamber of Commerce and Industry (Kadin) to boost regional economic growth.

Metro Jaya Police to Exhume Body of Man Found Dead Outside South Jakarta Beauty Clinic

Jakarta police are set to exhume the body of Sutrimo, a man found dead outside a beauty clinic in Kebayoran Baru, as part of a formal investigation. The exhumation is scheduled for Wednesday in Banyumas, Central Java, following the transfer of the case from the National Police's Criminal Investigation Division. Authorities aim to determine the cause of death, amid unconfirmed reports linking the victim to a former senior prosecutor.

UK Injects £130 Million to Develop Zero-Emission Vehicles

The United Kingdom has announced nearly £130 million in joint government and industry funding to accelerate the development of zero-emission vehicle technologies. The investment aims to support British manufacturers and research partners in scaling up next-generation automotive solutions. The move aligns with the UK's plan to end the sale of new pure petrol and diesel cars by 2030.

The Story of Syekh Asnawi al-Bantani Leading the Mujahidin Forces Against Dutch Colonialism

Syekh Tubagus Muhammad Asnawi al-Bantani, a prominent Islamic scholar from Banten, led an armed resistance against Dutch colonial rule in 1926. He founded the Laskar Mujahidin and orchestrated sabotage against communication lines to disrupt colonial control. The resistance culminated in a fierce battle at the Sanggoma bridge, resulting in casualties on both sides.

Government Encourages Deepening and Diversification of Capital Market Financing

The Indonesian government is pushing to strengthen the economy by deepening and diversifying financing sources within the capital market. Coordinating Minister for Economic Affairs Airlangga Hartarto highlighted the importance of maintaining investor confidence and expanding instruments such as Panda Bonds and Samurai Bonds. The statement was made during the 49th anniversary of the reactivation of the Indonesian capital market.

Minister Announces Additional 3,400 Invitations for Independence Day Ceremony at Palace

State Secretary Prasetyo Hadi has announced an additional 3,400 slots for the public to attend the 81st Independence Day ceremony at Merdeka Palace, following overwhelming demand. Over 336,000 people registered for the initial 5,500 available slots during the four-day registration period. The move reflects high public enthusiasm to join President Prabowo Subianto for the national commemoration.

Ministry of Immigration and Corrections Holds Free Cataract Surgery for 81 Inmates and Residents

The Ministry of Immigration and Corrections (Kemenimipas) collaborated with the Ministry of Health to provide free cataract surgeries for 81 people, including inmates and local residents. The event, held at the Cipinang Penitentiary Hospital, also featured free health screenings and was part of a broader effort to tackle tuberculosis (TBC) in overcrowded prisons. Minister Agus Andrianto highlighted that the initiative supports the government's priority programme for free health check-ups and noted a declining trend in TBC cases among inmates.

Danantara Prepares Process to Acquire Stake in Indonesia Stock Exchange

Indonesia's sovereign wealth fund, Danantara, is preparing to acquire a stake in the Indonesia Stock Exchange (BEI) as part of its investment strategy. The process involves ongoing discussions with the Financial Services Authority (OJK) and the exchange's board, with a target completion date around September 2026. The acquisition will be executed through Danantara's subsidiary, PT Danantara Investment Management, following the issuance of a new OJK regulation on demutualisation.

Iran Appoints Ex-Revolutionary Guard Commander as Head of Top Security Body

Iran has appointed former Islamic Revolutionary Guard Corps (IRGC) commander Mohsen Rezaei as the new head of its Supreme National Security Council. Rezaei, who led the IRGC during the Iran-Iraq war, replaces Mohammad Bagher Zolghadr, who has been reassigned as a political advisor to Supreme Leader Mojtaba Khamenei. The appointment places a seasoned military figure at the helm of Iran's highest decision-making body on national security and foreign policy.

Government to Auction Sharia Bonds Tomorrow, Seeking IDR 10 Trillion

The Indonesian government will auction eight series of Sharia government securities (SBSN) on Tuesday, targeting IDR 10 trillion in indicative funds. The auction includes short-term SPN-S and medium-to-long-term PBS series, including a Green Sukuk to support sustainable projects. Proceeds will help meet part of the 2026 state budget financing target.

Deputy Minister Confident BRICS Can Boost Indonesian Agro-Industry Exports

Indonesia's Deputy Minister of Industry, Faisol Riza, believes the BRICS economic bloc offers a strategic opportunity to strengthen national agro-industrial exports. He noted that while BRICS cooperation has focused on minerals and technology, there is significant potential to promote commodity-based agro products, particularly to large importers like India. The government is also encouraging the export of downstream palm oil derivatives to increase added value.

Environment Minister Prepares Regulation Requiring Producers to Manage Packaging Waste

Indonesia's Environment Minister is drafting a regulation to enforce Extended Producer Responsibility (EPR), compelling companies to manage waste from their products, including plastic packaging and electronics. The minister highlighted that instant noodle packaging alone generates tens of billions of wrappers annually. The proposed scheme would require producers to contribute funds managed by a dedicated Producer Responsibility Organization, potentially creating green jobs.

Prabowo Submits Presidential Letter to DPR, Nominates Destry as Permanent BI Governor

President Prabowo Subianto has formally submitted a presidential letter to the House of Representatives (DPR) nominating Destry Damayanti as the definitive Governor of Bank Indonesia. Destry, who currently serves as the acting central bank chief, is the sole candidate put forward. The nomination follows the resignation of former Governor Perry Warjiyo in July 2026.

Ministry of Forestry: National Park Closures Conditional on Forest Fire Escalation

Indonesia's Ministry of Forestry has stated that access closures to national parks are conditional and depend on the escalation of forest and land fires. Currently, only the Bromo Tengger Semeru National Park is fully closed to facilitate massive ground firefighting efforts. The ministry is also intensifying patrols and public awareness campaigns to prevent further fires.

37 Villages in Banyumas Hit by Drought, BPBD Intensifies Clean Water Distribution to 28,222 Residents

Prolonged dry weather has triggered a drought across 37 villages in Banyumas Regency, Central Java, affecting over 28,000 residents. The local disaster mitigation agency (BPBD) has deployed 233 tanker shipments, delivering more than 1.1 million litres of clean water to impacted communities. Authorities are also monitoring forest and land fires, which have scorched over 12 hectares, and have urged the public to avoid open burning.

Destry Damayanti Sole Candidate for BI Governor, Rupiah Strengthens Further

The Indonesian rupiah extended its gains against the US dollar on Monday after the government confirmed Destry Damayanti as the sole candidate for Bank Indonesia governor. The announcement eased market uncertainty surrounding the central bank's leadership transition. Damayanti is currently serving as the acting governor following Perry Warjiyo's resignation.

US Continues Sharing Intelligence with Ukraine

The United States will continue to provide intelligence to Ukraine, including for strikes on Russian energy infrastructure, according to a report citing CIA Director John Ratcliffe. The intelligence sharing, which was previously restricted by Washington, has been restored to previous levels. The Kremlin has responded by stating that the use of NATO and US intelligence infrastructure to support Ukraine is a given.

Egg Prices Continue to Plummet, Hundreds of Chickens Distributed for Free in Batang

Frustrated by persistently low egg prices, poultry farmers in Batang, Central Java, distributed hundreds of chickens for free to residents. The farmers warn that without government intervention, they will release up to 100,000 more birds as a form of protest. They are urging the government to enforce regulations on large-scale poultry farming and provide relief as production costs soar.

BPS: Garlic Prices Begin to Fall and Are Relatively Under Control

Statistics Indonesia (BPS) has reported a decline in national garlic prices, which are now relatively stable at around Rp39,924 per kilogram, though still slightly above the government's ceiling price. The agency noted a significant reduction in the number of regions experiencing price hikes, attributing the improved supply to substantial imports totalling 229,000 tonnes in the first half of 2026. The majority of these imports originated from China.

Government Submits Presidential Letters on BI Governor, OJK Commissioners, and Ambassador Candidates to DPR

The Indonesian government has officially submitted three presidential letters to the House of Representatives (DPR). The letters propose Destry Damayanti as the sole candidate for Bank Indonesia Governor, along with candidates for OJK commissioners and new ambassadors for friendly nations. The DPR will now process the nominations according to prevailing laws and regulations.

Minister Claims No Immediate Plans for Prabowo's Cabinet Reshuffle

Minister of State Secretary Prasetyo Hadi has stated there are no current plans for a cabinet reshuffle by President Prabowo Subianto. He clarified that any upcoming appointments would be to fill vacant positions, such as those left by the Deputy Minister of Agriculture and the Deputy Minister of Immigration and Corrections. The government has also submitted a presidential letter proposing candidates for the definitive Governor of Bank Indonesia and other key financial posts.