Indonesian Political, Business & Finance News

Archive: 10 August 2026

Showing 1,101-1,150 of 1,377 articles

Prabowo orders state firms to cut subsidiaries, boost efficiency

President Prabowo Subianto has directed major state-owned enterprises, including Pertamina and PLN, to slash subsidiaries and corporate layers to accelerate decision-making and improve efficiency. The order was issued during a meeting at his Hambalang residence, where Pertamina's CEO also updated the president on the B50 biodiesel and bioethanol programmes. Danantara CEO Rosan Roeslani reported that streamlining has already been implemented at 274 companies as of late July 2026.

TNI Uses Helicopters to Evacuate Residents from Ugimba Conflict in Intan Jaya

The Indonesian military has evacuated a civilian from the conflict-affected Ugimba District in Central Papua using two Bell helicopters. The operation was conducted by Koops TNI Habema amid ongoing security disturbances caused by an armed separatist group. The evacuee was handed over to local conflict handling authorities for continuous support and recovery.

Regulatory Uncertainty Could Halt Investment and Suppress Palm Oil Competitiveness

An academic warns that the implementation of Indonesia's new forestry administrative sanctions regulation must be handled carefully to avoid deterring investment in the palm oil sector. Heightened regulatory uncertainty could increase business risk, potentially triggering capital flight and raising the cost of capital for companies. The palm oil industry is a strategic growth pole for East Kalimantan, creating significant multiplier effects across trade, services, and small businesses.

YouTuber Bigmo to Face Police Questioning Over Involving Minors in Vape Promotion

Jakarta police have summoned YouTuber Muhammad Jannah, known as Bigmo, for questioning after he allegedly involved underage children in a live-streamed promotion of e-cigarette liquid. The influencer is scheduled to appear at Polda Metro Jaya this afternoon to provide his account. Authorities are investigating potential violations related to child protection and have already examined the complainant, the children's parents, and the vape liquid company involved.

Sharenting Dilemma: Kaspersky Study Reveals Risks to Children's Data in Asia Pacific

A collaborative study by Kaspersky and the Singapore Institute of Technology has highlighted significant digital security concerns among parents in the Asia Pacific region regarding 'sharenting'. While sharing parenting moments online offers emotional satisfaction, the research reveals deep-seated fears about data misuse and the physical tracking of children. Experts warn that such practices can create digital profiles of children as future consumers, even before they have their own accounts.

Tourism Minister's Labuan Bajo Agenda: From Golo Koe Festival to Investment Talks

Tourism Minister Widiyanti Putri Wardhana conducted a working visit to Labuan Bajo, culminating in the opening of the Golo Koe 2026 Festival. Her itinerary included discussions on MICE development at Golo Mori and a review of investment readiness at the Parapuar tourism zone. The ministry also clarified that a reported dialogue with local businesses was never on the official schedule.

Tourism Minister Cancels Dialogue with Labuan Bajo Stakeholders

Tourism Minister Widiyanti Putri Wardhana abruptly cancelled a scheduled dialogue with local government and tourism stakeholders in Labuan Bajo, West Manggarai. The meeting was set to address six strategic tourism issues for the region. The cancellation was reportedly due to the minister having to attend an online meeting with the Minister of State Secretariat.

Banking Roadmap and Prabowonomics in a Critical Communication Frame

An opinion piece critically examines the simultaneous release of positive economic growth figures and a new banking development roadmap, questioning whether the narrative serves public understanding or merely legitimises government power. The author employs the theories of Habermas and Gramsci to argue that the optimistic framing risks shrinking the public sphere into a stage for one-sided validation. The analysis suggests the communication strategy may present elite interests as a natural, uncontested common good.

OJK and SRO Officially Launch Gold ETF Investment Instrument

Indonesia's Financial Services Authority (OJK) and Self-Regulatory Organizations (SRO) have officially launched a Gold Exchange Traded Fund (ETF), expanding the nation's capital market. The new instrument, which has received sharia compliance certification, allows investors to gain exposure to gold price movements without holding physical bullion. The launch is part of a broader effort to deepen the financial market and strengthen the national bullion ecosystem.

DBH Plus: Seeking Fiscal Justice for Indonesia's Mining Sector

The debate over Indonesia's mining revenue-sharing scheme (DBH) intensifies as resource-rich regions argue their share fails to compensate for social and environmental costs. A proposed 'DBH Plus' model suggests supplementing the current block grant with earmarked funds from corporate income tax, inspired by Peru's Canon Minero, to ensure mining wealth is converted into long-term public assets rather than routine spending.

Airlangga Recounts VOC History at Indonesian Capital Market Anniversary

Coordinating Minister for Economic Affairs Airlangga Hartarto highlighted the historical roots of the Indonesian stock exchange, tracing it back to the Dutch East India Company (VOC), the world's first publicly listed company. Speaking at the 49th anniversary of the Indonesian capital market, he noted the VOC's pioneering role in share issuance and its immense historical market capitalisation. Airlangga emphasised that the VOC's wealth was sustained for three centuries by Indonesian commodities, which helped the Netherlands achieve the world's highest GDP per capita from the 16th to the 19th century.

Former IRGC Commander Mohsen Rezaei Appointed Secretary of Iran's Supreme National Security Council

Iranian President Masoud Pezeshkian has appointed Mohsen Rezaei, a former commander of the Islamic Revolutionary Guard Corps, as the new Secretary of the Supreme National Security Council. Rezaei succeeds Mohammad Baqer Zolqadr, who stepped down to become a political adviser to the Supreme Leader. The appointment places the veteran military and security figure in a pivotal role overseeing Iran's defence and strategic policy formulation.

US Unconcerned by Netanyahu's Rejection of Gaza Peace Plan

The White House has indicated it is not troubled by Israeli Prime Minister Benjamin Netanyahu's rejection of a 15-point Gaza peace plan, viewing it as part of his domestic political strategy. Officials stated they would not object as long as Israel continues to limit its military operations in Gaza. The development follows a ceasefire agreement mediated by Egypt, Qatar, the US, and Turkey, which saw Israeli forces withdraw to designated lines while retaining control over more than half of the territory.

MUI Fatwa Commission: Men Dressing as Women During 17 August Events is Forbidden

The Indonesian Ulema Council's (MUI) Fatwa Commission has declared it haram for men to wear women's clothing during Independence Day carnivals, citing Islamic law. The commission warned that such cross-dressing could be exploited to promote LGBT agendas, which it says contradict religious and social norms. The MUI has also previously urged the government to impose criminal sanctions for LGBT campaigning.

Tax Office Clarifies Rental Property Tax: Not a New Levy

Indonesia's Directorate General of Taxes (DJP) has clarified that income from rental properties is not a new tax object, following public concern sparked by discussions on optimising tax revenue. The DJP emphasised that rental income has long been subject to income tax under existing regulations. It also confirmed there is no specific programme planned to target small-scale rental property owners in 2027.

Chronology of Two Project Workers Crushed by Concrete Sheet Pile in East Jakarta Drainage Project

Two workers were injured when a concrete sheet pile collapsed at a water channel normalisation project in Jatinegara, East Jakarta. The dramatic rescue operation took over three hours and involved 25 firefighters who had to reduce water levels to free the victims. Both workers survived and received medical treatment for head injuries.

House Summons North Sumatra Police Over Death of Officer's Ex-Wife in Medan

Commission III of the Indonesian House of Representatives has summoned North Sumatra Police following the suspicious death of a woman, identified as L, who allegedly shot herself with her ex-husband's service weapon. Lawmakers cited doubts and irregularities perceived by the victim's family, demanding a transparent and scientific investigation. The police have maintained an initial conclusion of suicide, noting the bathroom door was locked from the inside.

Indonesia Officially Launches Gold ETF on Capital Market Anniversary

Indonesia has officially launched a Gold Exchange Traded Fund (ETF) to coincide with the 49th anniversary of the reactivation of the Indonesian Capital Market. The new instrument is designed to offer investors an alternative asset class and strengthen the national bullion ecosystem through integration with the capital market. The launch is seen as a milestone in deepening the country's financial markets ahead of the 'Golden Indonesia 2045' vision.

Pegadaian Gold Prices for Monday: Galeri24, Antam, and UBS Rates

Pegadaian's gold prices on Monday showed Antam at Rp2,798,000 per gram, UBS at Rp2,729,000, and Galeri24 at Rp2,669,000. The state-owned pawnbroker offers various quantities, with Galeri24 available up to 1 kilogram, UBS up to 500 grams, and Antam up to 100 grams. The listed prices are indicative and subject to change.

Greenland Rejects US Company's Activities Amid Annexation Issue

Greenland's government has issued a stern warning to a Texas-based oil company, Greenland Energy, for bringing drilling equipment ashore without the necessary permits. The incident occurs against a backdrop of renewed US interest in the island, fuelled by President Donald Trump's past remarks about acquiring Greenland for national security purposes. The company has denied any link between its exploration project and annexation plans, stating it remains optimistic about securing the required approvals.

Bareskrim Uncovers Alleged Drug Trafficking at HH Club in Batam

The Indonesian National Police's Criminal Investigation Department (Bareskrim) has raided the HH Club Planet 3.0 Pub & KTV in Batam, Kepulauan Riau, on suspicion of drug trafficking. A total of 32 individuals were detained as suspects and witnesses during the early morning operation. This action is part of a broader crackdown throughout 2026, which has seen similar raids on nightlife venues in Jakarta, Bali, and Medan.

Jamkrida Bali Mandara Claims 92.2% of MSMEs Find It Easier to Forge New Business Partnerships

PT Jamkrida Bali Mandara reports that 92.2% of micro, small, and medium enterprises in Bali found it easier to establish new business collaborations after receiving its guarantee services. The findings, released during the company's 15th anniversary, also show 90% of MSMEs improved their marketing strategies and product development. The regional credit guarantee firm aims to continue bolstering Bali's economy by enhancing credit access and business capacity for small enterprises.

Wife of Missing KM Mutiara Sentosa 2 Victim Resigned to Fate, Demands Manifest Clarity

Munideh, the wife of a logistics driver missing after the KMP Mutiara Sentosa 2 incident, has expressed resignation over her husband's fate but is fighting for her rights and demanding clarity over the ship's manifest. She travelled from Jakarta to Surabaya after discovering her husband, Abdurrahman, was not listed in official evacuation data despite holding proof of vehicle boarding and a ticket. The operator, PT Atosim Lampung Pelayaran, has since acknowledged Abdurrahman was officially on the manifest, contradicting earlier statements by Basarnas and the Ministry of Transportation.

New Chapter in Mystery of Sutrimo's Death, Ex-Household Manager of Febrie Adriansyah, as Family Suspects Foul Play

The family of Sutrimo, the former household manager of ex-Junior Attorney General for Special Crimes Febrie Adriansyah, has filed a police report seeking clarity on his death. They have requested an exhumation after conflicting information emerged following his discovery deceased in South Jakarta in July 2026. Police have confirmed receipt of the report and are preparing to exhume the body to determine the exact cause of death.

Indonesia's Geological Agency Explains Cause of Mud Eruption in Blora

The Geological Agency of the Ministry of Energy and Mineral Resources is investigating a mud eruption at the Oro-oro Kesongo geological tourism site in Blora, Central Java. The agency has cautioned against drawing premature conclusions about the cause and danger level until field verification is complete. The public has been advised to maintain a safe distance from the eruption centre due to the potential for ejected solid material and gas.

Healthy Gut Keeps Children from Falling Ill: Have You Heard of Synbiotic Combinations?

A medical expert from Danone Indonesia has highlighted the importance of synbiotics—a combination of prebiotics and probiotics—in supporting children's immune systems and reducing the risk of allergies and infections. Research indicates that synbiotic consumption can help a child's gut microbiota composition closely resemble that of exclusively breastfed infants. The expert also noted that food technology plays a crucial role in ensuring the stability and efficacy of these combined ingredients.

Indonesia's police expands digital services through SuperApp

The Indonesian National Police (Polri) is expanding its digital footprint with the SuperApp Polri, integrating services such as the 110 emergency line down to the precinct level. Inspector General Johnny Eddizon Isir stated the platform aims to shorten response times and allow the public to report incidents directly to the nearest authorised unit. The initiative is part of a broader effort to use technology to build closer communication with the community and ensure collective security.

Mass Organisation Members in Solo Arrested for Vigilante Alcohol Raid and Assault on Youths

Police in Solo, Central Java, have arrested four members of a mass organisation accused of conducting a violent vigilante sweep for alcohol. The group allegedly intimidated and physically assaulted a group of young people who were gathered at a house, with victims reporting being punched, kicked, and slashed. The suspects attempted to flee and had covered their motorcycle licence plates with black tape, and police are continuing their investigation.

Time to Issue Regional Sukuk

Indonesia's regional governments remain heavily dependent on central government transfers, with a 24.6 per cent cut in the 2026 budget triggering acute financial distress. As provinces like Jakarta and West Java explore conventional bonds, a strong case is made for regional sukuk as a more suitable creative financing instrument. Sukuk are tied to real assets, offer broader investor bases, and align repayment with project performance, potentially reducing corruption risks and fiscal pressure on local budgets.

West Bandung Civil Servant Clarifies Remarks on 'Project Fees' During TikTok Live

A civil servant in West Bandung Regency has issued a public apology after a TikTok live stream in which she mentioned 'project fees' went viral. The employee admitted to broadcasting during working hours and providing a false statement to her superiors during the initial clarification. The local Public Works and Spatial Planning agency has issued a reprimand and is considering further sanctions, including a reassignment of duties.

Bareskrim Raids Batam Nightclub Suspected of Being a Drug 'Den'

The Indonesian National Police's Criminal Investigation Agency (Bareskrim) has raided a nightclub in Batam, Riau Islands, suspected of being a hub for drug trafficking. The operation, conducted in the early hours of Monday, resulted in the detention of 32 individuals. Police strongly suspect the venue's management was involved in the illicit drug distribution.

The Dollar Era in Africa Begins to End, China's Yuan Becomes the New King

Several African nations are actively reducing their reliance on the US dollar, increasingly turning to the Chinese yuan and local currencies for trade and debt management. Zambia has emerged as a frontrunner by mandating yuan for mining royalties and enforcing the use of its local kwacha for domestic transactions. This shift is supported by new financial infrastructure, including cross-border payment systems, although the transition away from the dollar presents significant adjustment costs for businesses.

Asrul Azis Taba's Pretrial Motion on Search Rejected, Judge Affirms KPK Procedure Lawful

The South Jakarta District Court has dismissed a pretrial motion filed by Asrul Azis Taba, Chairman of the Indonesian Hajj and Umrah Tour Travel Association (Kesthuri), challenging the legality of a search conducted by the Corruption Eradication Commission (KPK). The judge ruled that the search, part of an investigation into alleged corruption in hajj quota allocation, was carried out in accordance with proper procedure. This marks the second pretrial motion by Asrul to be rejected, following an earlier unsuccessful challenge to his suspect designation.

Hainan economic and trade delegation visits Thailand and Indonesia to boost cooperation

A delegation from China's Hainan province concluded a five-day visit to Thailand and Indonesia, promoting the Hainan Free Trade Port's policies and investment opportunities. The mission included signing a memorandum of understanding with the Thai Board of Trade and holding symposiums to explore collaboration in agriculture, pharmaceuticals, and the digital economy. The visit aimed to expand Hainan's international cooperation network and deepen economic ties with ASEAN partners.

Can a Weakening Rupiah Impact the IHSG? Here's the Explanation!

The Indonesian rupiah's depreciation against the US dollar often sparks investor concern about the potential negative impact on the Indonesia Stock Exchange (IHSG). While a weaker rupiah can trigger capital outflows and increase import costs for some companies, the relationship is not absolute. Export-oriented firms earning in dollars may actually benefit, and other factors like commodity prices and global sentiment also play a crucial role in determining the IHSG's direction.

Bank BSN converts each Lilawangsa Run finisher into Rp81,000 donation for Aceh places of worship

Bank Syariah Nasional (BSN) pledged to donate Rp81,000 for every runner completing the BSN Lilawangsa Run 2026, with funds earmarked to upgrade places of worship in Lhokseumawe, Aceh. The charity run, which attracted around 2,000 participants, was designed to combine sport with social benefit and marked the 81st anniversary of Indonesian independence. The local military commander expressed hope the event would become an annual fixture promoting collaboration and community welfare.

Oil Prices Touch US$84.32 as Hormuz Strait Remains a Concern

Crude oil prices rebounded on Monday, driven by renewed market uncertainty over the reopening of the Strait of Hormuz. Iran indicated talks with Oman are in their final stages, but stressed that conditions must be met by the United States before the waterway is reopened. The lack of clarity on shipping regulations, coupled with a fresh attack on a Saudi Aramco refinery, is sustaining supply disruption risks.

Indonesian Children's Iron Intake Only 65.8 Percent of Requirement

A leading paediatrician has warned that iron deficiency in Indonesian children remains a largely overlooked issue, with national survey data showing average intake meets only 65.8 percent of the recommended dietary allowance. The condition, which can impair cognitive development, focus, and memory, often goes undetected until it affects a child's growth. Experts are calling for early detection and intervention through dietary evaluation and haemoglobin monitoring.

Ministry of Defence Holds National Veterans Pilgrimage at Kalibata Heroes Cemetery

Indonesia's Ministry of Defence conducted a National Veterans Pilgrimage at the Kalibata Heroes Cemetery in Jakarta as part of the 2026 National Veterans Day commemorations. The event, which began with health services for veterans, will culminate in a ceremony attended by the Minister of Defence. The programme also includes renovating veterans' homes and secretariat offices across multiple provinces.

Pluang announces Indonesia's first agentic trading platform

Indonesian investment platform Pluang is set to launch the country's first agentic trading feature, allowing retail investors to use AI assistants like ChatGPT for portfolio analysis and trade execution. The technology aims to democratise access to sophisticated investment tools, giving users in remote areas the same analytical capabilities as professionals in financial hubs. Pluang emphasised that a layered safety protocol ensures all AI-proposed transactions require final user confirmation, prioritising fund security.

Babel forms cyber command post to accelerate forest fire handling

The Bangka Belitung Islands Provincial Government has established a technology-based cyber command post to speed up the response to forest and land fires as well as drought during the extreme dry season. The post will integrate hotspot monitoring, coordinated patrols, and public reports across agencies including the police, military, and disaster mitigation body. Officials warned residents and plantation operators against using fire to clear land, emphasising that even small blazes can escalate rapidly.

South Jakarta Administration Urges Residents Not to Burn Rubbish to Prevent Fires

The South Jakarta city administration is intensifying public outreach to warn residents against burning rubbish, aiming to minimise fire risks. The initiative also reinforces Governor's Instruction No. 5/2016 on waste sorting at source and supports the city's broader goal of becoming waste-free. Officials are simultaneously addressing traffic congestion and strengthening local security through the 'Three Pillars' community framework.

Mataram Waste to Be Processed into Fuel as 60-Tonne TPST Is Built

The Ministry of Public Works is constructing the Kebon Talo Integrated Waste Processing Facility in Mataram, West Nusa Tenggara, with a daily capacity of 60 tonnes. The plant will use automated sorting and Solid Recovered Fuel technology to turn rubbish into alternative fuel, addressing the city's 425-tonne daily waste output. The project, which began in June 2026 and is due for completion by year-end, is part of a national push to strengthen urban waste infrastructure and support tourism.

DPR Member Hendry Munief Inaugurates Shelter for Underprivileged in Pekanbaru

House of Representatives (DPR) member Hendry Munief has inaugurated a shelter in Pekanbaru, Riau, to provide temporary accommodation for underprivileged residents seeking medical treatment or handling administrative matters. The facility, named Rumah Singgah H. Hendry Munief, was launched as part of the 69th anniversary of Riau Province. The Pekanbaru Deputy Mayor welcomed the initiative, expressing the city government's readiness to collaborate on social services.

Motorcyclist in Sleman Arrested for Damaging Railway Crossing Barrier While Intoxicated

A 24-year-old motorcyclist in Sleman, Yogyakarta, was arrested after he damaged a railway crossing barrier while under the influence of alcohol. The incident caused an estimated Rp 2 million in damages and prompted state railway operator KAI to file an official police report. Authorities are pursuing legal action against the suspect, who was detained for further investigation.

Bamsoet Applauds Tiffney Tyra's Innovation at 2026 National Pilmapres

MPR Deputy Speaker Bambang Soesatyo has praised Pelita Harapan University medical student Tiffney Tyara Setyoko for winning the 2026 National Outstanding Student Selection (Pilmapres). Her victory highlights the strong capacity of private universities in producing top innovators. Tiffney's winning idea, a non-invasive wearable sensor for early screening of febrile illnesses, is seen as a potential tool to support Indonesia's health strategy against antimicrobial resistance.

Gold ETF Officially Launches on IDX, Deputy Finance Minister Issues Key Messages

Indonesia has launched a gold Exchange Traded Fund on the Indonesia Stock Exchange, allowing investors to trade gold electronically without physical storage. Deputy Finance Minister Juda Agung outlined three strategic priorities for the new instrument, including deepening the capital market and strengthening the national gold ecosystem. The launch comes amid surging global interest in gold ETFs, which currently manage assets worth US$559 billion.

Iran Releases Rare Video of Mojtaba Khamenei Following Rumours of Critical Condition

Iranian authorities have released a rare video of Supreme Leader Mojtaba Khamenei in an apparent bid to quell speculation about his health. The footage shows him meeting President Masoud Pezeshkian to discuss economic challenges and the ongoing military conflict with the United States. Mojtaba has not appeared in public since succeeding his late father, Ali Khamenei, who was killed in a joint US-Israeli strike in February.

Pertamina Patra Niaga Services Wide-Body Aircraft Refuelling

PT Pertamina Patra Niaga successfully refuelled an Emirates Airbus A380 with 92,901 litres of avtur at Soekarno-Hatta International Airport. The operation demonstrated the company's capability to handle wide-body aircraft using high-capacity hydrant dispensers. The firm emphasised its commitment to safety, fuel quality, and operational excellence in aviation services.

Judge Rejects Pre-Trial Motion of Kesthuri Chairman Named as Suspect in Hajj Quota Case

The South Jakarta District Court has dismissed a pre-trial motion filed by Asrul Azis Taba, Chairman of the Hajj and Umrah Travel Association (Kesthuri), challenging a search conducted by the Corruption Eradication Commission (KPK). The judge ruled the search was procedurally sound, supported by a warrant and official minutes. This marks the second failed pre-trial motion for Taba, who is a suspect in a corruption case involving additional hajj quotas that allegedly caused state losses of IDR 622 billion.