Indonesian Political, Business & Finance News

Archive: 12 August 2026

Showing 801-850 of 1,433 articles

Ministry of Social Affairs and 66 Regional Governments Accelerate Land Provision for 'Sekolah Rakyat'

The Ministry of Social Affairs is collaborating with 66 regional governments to expedite the fulfilment of land and regulatory requirements for the construction of permanent 'Sekolah Rakyat' (People's Schools). The initiative, part of President Prabowo Subianto's flagship programme, aims to provide high-quality boarding education for children from the poorest and most vulnerable families. A coordination meeting in Jakarta is addressing administrative and technical hurdles, including land tenure and spatial planning, to ensure the smooth continuation of the state-funded project.

IDX Demutualisation: Danantara Expresses Interest

The Indonesia Investment Authority (BPI Danantara) has formally expressed interest in the demutualisation scheme of the Indonesia Stock Exchange (IDX) through its subsidiary, Danantara Investment Management. IDX President Director Jeffrey Hendrik confirmed the communication but stated that the exact composition and ownership share remain undecided, pending technical regulations from the Financial Services Authority (OJK). The IDX has conducted comparative studies with exchanges in Hong Kong, Singapore, Australia, and Malaysia to determine the most suitable format for the Indonesian market.

Legislator Highlights Low Number of MSMEs with SNI Certification

A member of Indonesia's House of Representatives has urged the government to expand support for micro, small, and medium enterprises (MSMEs) to obtain the Indonesian National Standard (SNI) certification, noting that less than one per cent currently hold it. Hendry Munief emphasised that standardisation should be a tool to boost product quality and competitiveness rather than a mere regulatory burden. He called for improved mentoring, wider access to testing facilities, and incentives to help small businesses meet the requirements.

Jokowi Confirmed to Attend MPR Annual Session and Independence Day Ceremony at Palace

Former Indonesian President Joko Widodo has confirmed his attendance at the upcoming MPR Annual Session in Jakarta on 14 August. He will subsequently attend the 81st Independence Day ceremony at the Presidential Palace as an invited guest. The parliamentary session will be attended by all MPR members, cabinet ministers, and other former presidents and vice presidents.

81 TNI-Polri Aircraft Participate in Rehearsal for 81st Indonesian Independence Day

State Secretary Prasetyo Hadi reviewed a major rehearsal for the 81st Independence Day ceremony at Merdeka Palace, which featured a flypast of 81 military and police aircraft. The exercise involved joint assets from the Air Force, Army, Navy, Police, and Basarnas, with the minister calling for adjustments to ensure the aerial display is clearly visible to the President. The full-scale rehearsal continues ahead of the main commemoration on Monday, which will conclude with a public festival at Monas.

Minister of Hajj and Umrah urges PPIU not to view independent umrah as a business threat

Minister of Hajj and Umrah Mochammad Irfan Yusuf has called on Umrah Travel Organisers (PPIU) to adapt to digitalisation and view the rise of independent umrah travel as an opportunity to improve service quality rather than a business threat. He stressed that organisers must offer comprehensive assistance, including guidance and special protection for elderly and disabled pilgrims, to remain competitive. The government also pledged to build equal partnerships with industry associations without granting exclusive privileges.

Foreign Net Buy Reaches Rp326 Billion as IHSG Surges, These Shares Snapped Up

Foreign investors recorded a net buy of Rp326.91 billion in the Indonesian stock market during the first trading session on Wednesday, coinciding with a 1% jump in the Jakarta Composite Index (IHSG). The largest buying was concentrated in banking giant Bank Central Asia (BBCA), which saw net purchases of Rp236.76 billion. The market's positive momentum came as investors awaited key US inflation data and the MSCI August 2026 Index Review.

West Sumatra BKSDA Evacuates Sumatran Tiger Caught in Trap Cage in Agam

A young female Sumatran tiger has been safely evacuated by the West Sumatra Natural Resources Conservation Agency (BKSDA) after being caught in a trap cage in Agam Regency. The tiger, aged between two and five years, was trapped after preying on a local resident's goats. The animal has been transported to a conservation office in Bukittinggi for observation and medical assessment.

Daihatsu secures 591 vehicle orders during GIIAS 2026

PT Astra Daihatsu Motor recorded 591 vehicle orders at the Gaikindo Indonesia International Auto Show (GIIAS) 2026, with the Sigra model leading sales. The company also showcased its K-Vision hybrid kei car concept, which won an award, and its booth was recognised as the most family-friendly, attracting over 100,000 visitors.

How the Istiqlal Global Fund's Share Waqf Scheme Works in the Capital Market

The Indonesia Stock Exchange (IDX) is facilitating a new mechanism allowing investors to donate sharia-compliant shares as waqf through the Istiqlal Global Fund. Unlike previous practices where shares were transferred directly to a waqf body, this scheme involves professional management by Majoris Asset Management. The initiative aims to expand the use of the sharia capital market beyond investment into productive Islamic philanthropy.

Environment Minister Signals Red and White Village Cooperatives Could Join Carbon Trading

Indonesia's Environment Minister has indicated that the newly established Red and White Village Cooperatives (KDMP) could participate in carbon trading by managing environmental recovery projects. The scheme aims to channel economic benefits from carbon markets directly to rural communities, particularly those near forests and mangroves.

Man Sets Fire to Kutai Kartanegara Communication and Informatics Office Over Photo Grievance

A 24-year-old man in East Kalimantan has been arrested for allegedly setting fire to a government office meeting room. The suspect claimed he was repeatedly photographed without consent and mocked by staff at the Diskominfo office. The incident caused significant damage to the third-floor room but resulted in no injuries.

Free Nutritious Meal Budget Must Be Separated from Education, Palace Speaks on 2027 Draft State Budget

The Indonesian government will review the education budget allocation in the 2027 State Budget following a Constitutional Court ruling that the Free Nutritious Meal programme budget must be separated from education operational funds. State Secretary Minister Prasetyo Hadi stated the ruling is a key concern, and the government is reviewing the draft to ensure compliance while maintaining the mandatory 20 per cent allocation for education. The government claims overall education-related spending may already exceed this threshold when additional programmes are included.

PNM Mekaar Loan Interest Slashed to 8 Percent from 25 Percent, Here Are the Considerations

The Indonesian government has announced a significant reduction in the interest rate for the ultra-micro loan programme PNM Mekaar, cutting it from an average of 20 percent to just 8 percent. The new rate, directed by President Prabowo Subianto, is set to take effect in early September 2026 to ease the financial burden on underprivileged women entrepreneurs. The policy was finalised following coordination between the Ministry of UMKM, the Coordinating Ministry for Economic Affairs, the Ministry of Finance, and the Danantara investment authority.

Megawati Tells Prabowo PDI-P Will Not Join Cabinet, Slams Buzzers

PDI-P Chairwoman Megawati Soekarnoputri revealed she informed President Prabowo Subianto that her party will not join the cabinet, opting instead to act as a balancing force outside the government. She argued that the presidential system does not recognise formal opposition or coalitions, dismissing online critics as ignorant. Her remarks were made during a speech at a national archives event.

Febrie's Family Claims Sutrimo Was a Caretaker, Not Head of Household Staff

The family of former Deputy Attorney General for Special Crimes Febrie Adriansyah has clarified the role of the late Sutrimo, stating he was merely a caretaker for an empty house rather than a head of household staff. They also revealed Sutrimo had a long-standing serious illness and frequently took leave for other work, urging the public not to link his death to the ongoing corruption case against Febrie.

Japanese Media Highlights Unique Indonesian Names, from Nobita to Naruto

Japanese newspaper The Japan Times has reported on the phenomenon of Indonesians bearing names inspired by popular anime characters. Data from Indonesia's civil registry reveals hundreds of citizens named after figures like Naruto Uzumaki and Nobita. The trend reflects the deep cultural influence of Japanese pop culture across generations in Indonesia.

MC and Newport Director Apologise, Halal Corner: Apology Does Not Nullify Criminal Act

The organisers and MC of The Sounds Project have apologised for a controversial event involving a Quran memorisation challenge with an alcoholic drink prize. Halal Corner founder Aisha Maharani stated that while the apology is a positive social step, it does not automatically eliminate potential criminal liability. She emphasised that linking a sacred Quranic verse with alcohol is a serious matter that touches on religious respect and must be examined through the legal process.

Farizon Partners with Five Transport Companies at GIIAS 2026 to Strengthen EV Ecosystem

Farizon, a new energy commercial vehicle brand, has signed a strategic MoU with five Indonesian transport and logistics firms at GIIAS 2026. The partnership aims to accelerate the adoption of eco-friendly commercial fleets, enhancing operational efficiency and reducing carbon emissions. The collaboration underscores the growing readiness of the national transport sector to transition towards sustainable mobility solutions.

IDX: Danantara Expresses Interest in Acquiring Stake in Indonesia Stock Exchange

Indonesia's sovereign wealth fund Danantara has formally expressed interest in acquiring shares of the Indonesia Stock Exchange (IDX) through its investment arm, PT Danantara Investment Management. The move is part of the ongoing demutualisation process of the bourse, with the final regulatory framework currently being prepared by the Financial Services Authority (OJK). The IDX has confirmed it is maintaining communication with Danantara while awaiting the issuance of the new demutualisation regulation.

State Secretary evaluates aircraft coordinates and adds Paskibraka training

State Secretary Prasetyo Hadi, chairing the 81st Independence Day committee, identified issues during the first full rehearsal, particularly with aircraft and helicopter manoeuvre coordinates relative to the presidential podium. He also approved additional independent training sessions for the Paskibraka flag-hoisting squad to help them adapt to the thicker grass conditions on the palace grounds.

AI Adoption Accelerates, Network Infrastructure Continues to Expand

Indonesian telecommunications firm Matrix Nap Info is aggressively expanding its network infrastructure to support the rapid adoption of artificial intelligence. The company is building submarine and terrestrial cables to connect data centres, targeting a capacity of 60 terabytes by 2028. It plans a further major expansion in 2029, adding 720 terabytes of new network capacity.

Indonesia Must Not Become Transit Point for Illegal Goods, Says Top Security Minister

Coordinating Minister for Political and Security Affairs Djamari Chaniago has stressed that Indonesia must not be used as a transit point, storage area, or market for illegal goods smuggled by transnational criminal networks. The statement was made during the destruction of 1.3 tonnes of ketamine in Batam, highlighting the government's commitment to dismantling international smuggling operations. The Navy Chief noted that inter-agency synergy has prevented an estimated Rp12.4 trillion in economic losses from various violations throughout 2026.

Smart Village Approach Crucial for Strengthening Villages

Professor Dyah Mutiarin of Universitas Muhammadiyah Yogyakarta has stressed that the Smart Village approach is vital for village empowerment, but it should not be reduced to mere digitalisation. She emphasised that success requires clear work processes, quality data, capable personnel, community collaboration, and adaptive leadership. The discussion, involving government and academic figures, highlighted the need for professional development and certification for local government officials.

173 Evacuated from Burning KM Putri Yasmin Ferry

A total of 173 people were rescued after the KMP Putri Yasmin ferry caught fire off the coast of Sekotong Beach, West Lombok. The evacuation involved multiple vessels, including a search and rescue ship and private yachts, with one fatality reported among the evacuees. Thirty-five survivors were transported to Padangbai Port in Bali and subsequently sent home.

Minister Confirms SBY Will Miss Independence Day Ceremony Due to Medical Check-Up

State Secretary Minister Prasetyo Hadi has confirmed that former President Susilo Bambang Yudhoyono will not attend the 81st Independence Day ceremony at the Presidential Palace. SBY is currently undergoing a routine medical check-up abroad. The attendance of other former leaders, including Megawati Soekarnoputri and Joko Widodo, has yet to be confirmed.

South Sumatra Police Urge Community Unity to Prevent Forest and Land Fires in Muara Enim

The South Sumatra Regional Police, through the Muara Enim Police, is strengthening mitigation efforts against forest and land fires in Sungai Rotan District. A coordination meeting involving the military, local government, and community fire-awareness groups emphasised early detection and rapid response to fire hotspots. The initiative includes equipment checks and social assistance to bolster community participation in protecting the environment.

Oppo and Vivo Deny Rumours of Collaboration on 'Pocket' Gimbal Camera

Oppo and Vivo have officially denied rumours of a joint venture to produce a compact gimbal camera, stating no research or development agreement has been reached. The denial comes as the global market for handheld gimbal cameras surges, with shipments exceeding 16 million units in 2025. Both companies confirmed they are independently developing their own products for this rapidly growing segment.

Megawati Tells Prabowo Free Nutritious Meal Menu Is 'Same Old', Suggests Adding Rendang

PDI-P Chairperson Megawati Soekarnoputri revealed she advised President Prabowo Subianto to diversify the menu of the Free Nutritious Meal (MBG) programme. Speaking at a BPIP event, she recounted telling her long-time friend that the meals appeared repetitive and suggested occasionally serving regional dishes like rendang. Megawati also stressed the importance of parental roles in child development and urged mothers not to be afraid to provide input.

Marking 81st Independence Day, Minister Gus Ipul Urges Social Affairs Ministry Staff to Keep Improving

Social Affairs Minister Saifullah Yusuf has called on his ministry's staff to use Indonesia's 81st Independence Day as a catalyst for continuous improvement, integrity, and enhanced performance. He stressed the importance of honesty and transparency regarding data to ensure programmes effectively reach vulnerable groups, including the 'invisible people' who remain underserved. The minister also reinforced a culture of prudent spending under the 'Frugal Ministry, Excellent Service' ethos, insisting that budget efficiency must not compromise service quality.

Pertamina Lubricants Produces Oil for Electric Vehicles, Here Are the Types

PT Pertamina Lubricants is adapting to the electric vehicle era by developing lubricants for EV and hybrid components. While pure electric cars do not require engine oil, the company notes that parts such as gears still need specialised lubricants. This move is part of Pertamina's business adjustment to shifting automotive technology.

IFG Life Posts Net Profit of Over IDR 400 Billion, Strengthening Fundamentals

State-owned insurer IFG Life reported a consolidated net profit of IDR 482.13 billion for 2025, a 162.9% surge from the previous year. The company's robust performance was supported by an 11.7% increase in insurance service revenue and a strong risk-based capital ratio of 180.16%. Management attributed the results to consistent business strengthening, prudent investment management, and good corporate governance.

China, Indonesia plan naval drill in waters east of Taiwan Island

China and Indonesia are set to conduct a joint naval exercise east of Taiwan, involving the Chinese Navy's Honghe and an Indonesian frigate. The drill, which includes communications and at-sea replenishment operations, aims to enhance bilateral military cooperation and regional stability. The exercise follows a recent goodwill visit by a PLA naval task group to Surabaya, signalling deepening defence ties between the two nations.

State Palace Reveals Honours Ceremony to Be Held a Week After 81st Independence Day

The Indonesian government plans to confer state honours a week after the 81st Independence Day commemoration on 17 August 2026. Minister of State Secretary Prasetyo Hadi stated that the list of recipients is being finalised and will include individuals with significant contributions, such as those holding international patents in technology.

Woman from Mataram Identified as Victim in KMP Putri Yasmin Ferry Fire

A female passenger from Mataram has been confirmed dead following a fire aboard the KMP Putri Yasmin ferry in the waters off Sekotong, West Lombok. The victim's body has been evacuated to a hospital in Mataram for examination, while the cause of the blaze remains under investigation. Search and rescue teams were deployed to the scene to assist remaining passengers.

Revealed: The Reasons Behind IHSG's 1% Surge

The Indonesian Composite Index (IHSG) surged by 1% on Wednesday, driven by strong performances from conglomerate stocks ahead of the MSCI index review. The rally was led by Prajogo Pangestu's Barito Group companies, while broader market sentiment was also influenced by anticipation of US inflation data. The upcoming MSCI review remains a key focus, as Indonesia faces a freeze on new stock inclusions due to transparency concerns.

Special 81st Independence Day Fare: KRL and LRT Jabodebek Only Rp 8!

State-owned railway operator KAI is offering a special fare of Rp 8 for KRL Commuter Line and LRT Jabodebek services on 17 August 2026 to celebrate Indonesia's 81st Independence Day. The promotion applies to all trips throughout the day. Separately, the Jakarta provincial government has set public transport fares on TransJakarta, MRT Jakarta, and LRT Jakarta at just Rp 1 for the same holiday.

Japan Lodges Strong Protest Against North Korea Over Ballistic Missile Launch

Japan has issued a stern protest against North Korea following the launch of a ballistic missile that flew approximately 690 kilometres before landing outside its exclusive economic zone. Defence Minister Shinjiro Koizumi confirmed the missile was fired from North Korea's east coast and condemned the action through diplomatic channels. No damage to aircraft or vessels has been reported, and Japan is continuing to analyse the launch in close consultation with the United States and South Korea.

Palace: Track record the reason Prabowo appointed Destry as BI Governor

The Indonesian government has cited Destry Damayanti's extensive experience and competence in the financial sector as the primary reasons for her nomination as the sole candidate for Bank Indonesia Governor. Minister of State Secretary Prasetyo Hadi highlighted her two terms as Senior Deputy Governor and decades-long career in finance. The President has formally submitted her name to the House of Representatives for the definitive role, which she currently holds in an acting capacity.

SBY Confirmed to Miss 81st Indonesian Independence Day Ceremony

Former Indonesian President Susilo Bambang Yudhoyono (SBY) is confirmed to miss the 81st Independence Day ceremony at the Merdeka Palace due to a routine medical check-up in the United States. State Secretary Minister Prasetyo Hadi stated that SBY's absence is likely, while the attendance of other former leaders, including Joko Widodo and Megawati Soekarnoputri, remains unconfirmed. The former president is expected to remain abroad until the end of August, causing him to also miss the MPR Annual Session.

Majalengka Regency Government Optimises Irrigation to Safeguard Agricultural Production

The Majalengka Regency Government is maximising irrigation infrastructure to protect crop yields during the 2026 dry season, which carries a heightened risk of drought. Measures include deploying 119 pumping irrigation units and 37 piping irrigation units, alongside repairing water diversions that have expanded harvestable land from 500 to 2,000 hectares. Long-term plans involve proposing new diversion channels and embungs, while 40,700 hectares have been designated as sustainable food agricultural land.

US deploys disaster specialists to Colombia following earthquake

The United States has mobilised disaster response teams and committed millions of dollars in aid to Colombia after a 7.4 magnitude earthquake struck the country. The initial $15.5 million package will provide emergency shelter, food, and structural assessments, while an additional $200 million has been allocated through the UN for humanitarian relief. The quake, which hit near San Jose del Palmar, has claimed 224 lives and injured over 800 people.

76 National Paskibraka Members to Be Inaugurated on 15 August

Seventy-six members of the national flag-hoisting squad (Paskibraka) from 38 provinces are scheduled to be inaugurated on 15 August ahead of Indonesia's 81st Independence Day ceremony. The cadets are currently undergoing additional training at the Merdeka Palace to adapt to field conditions, including the thickness of the grass. The inauguration will take place two days before they perform their duties at the proclamation commemoration ceremony on 17 August.

Prabowo Selects Destry as Sole Candidate for BI Governor, Here's Why

President Prabowo Subianto has officially nominated Destry Damayanti as the sole candidate for Governor of Bank Indonesia. The government cited her extensive experience, including two terms as Senior Deputy Governor, as the primary reason for the selection. The nomination will now proceed to the House of Representatives for a fit and proper test.

Israeli Air Force Cadet Found Dead by Suicide

An Israeli Air Force cadet has been found dead by suicide at a military base in southern Israel, adding to a growing toll of nearly 50 active-duty soldiers who have taken their own lives since the Gaza war began in October 2023. Reports indicate many soldiers are suffering severe mental trauma, with the military facing a systemic shortage of mental health professionals. The rehabilitation division is reportedly receiving hundreds of soldiers with psychological injuries, predominantly post-traumatic stress disorder, each month.

Minister of Hajj: Non-Quota Hajj Must Have Visa Certainty Before Payment

Indonesia's Minister of Hajj and Umrah has warned organisers against promising departure to non-quota pilgrims before their visas are verified through the official Saudi system. The government will strengthen registration for non-quota pilgrims and demands full price transparency to prevent financial harm to citizens. The minister stressed that success is measured by fulfilling pilgrims' contractual rights, not recruitment numbers.

Bitmine Immersion Announces ETH Holdings Reach 5.81 Million Tokens, Total Crypto and Cash Holdings at $11.6 Billion

Bitmine Immersion Technologies has reported total crypto and cash holdings of $11.6 billion, including 5.81 million ETH, representing 4.8% of the total Ethereum supply. The company is rapidly approaching its 'Alchemy of 5%' target and has repurchased over 19 million shares under its $4 billion buyback programme. Chairman Thomas Lee highlighted improving fundamentals for crypto assets and the company's significant staking operations, which now cover 87% of its ETH holdings.

Yogyakarta Waste-to-Energy Project on Track, 1,000 Tonnes of Rubbish Daily to Be Processed into Electricity

The construction of a Waste-to-Energy Plant (PSEL) in Piyungan, Bantul, is proceeding as planned with a groundbreaking target of December 2026. The project, backed by an investment of up to Rp3 trillion, aims to process 1,000 tonnes of waste daily to generate 18โ€“20 MW of electricity. The facility is expected to be operational by late 2028, helping to address Yogyakarta's waste management issues while contributing to the local power supply.

Salmi Wati Recounts Jumping Overboard with Child as KMP Putri Yasmin Caught Fire

A passenger aboard the ferry KMP Putri Yasmin has described the panic of waking to thick smoke and being forced to jump into the sea with her toddler. The vessel caught fire in the Lombok Strait, leading to the evacuation of 35 passengers to Padangbai Port in Bali. The survivor stated she is too traumatised to continue her journey home and plans to return to Denpasar.

Old Social Media Being Abandoned, Users Flock to Threads

Meta's text-based social media platform Threads is experiencing explosive growth, with daily active users surging 21.3% year-over-year to 147 million. This surge contrasts sharply with declines at competitors X and Bluesky, as Threads successfully attracts new users rather than merely absorbing defectors. The platform's rise signals a significant shift in the macro social media landscape.