Indonesian Political, Business & Finance News

Archive: 14 August 2026

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Prabowo Confident Indonesia Safe from El Niño Threat: 'Alhamdulillah, Food is Secure'

President Prabowo Subianto has expressed confidence that Indonesia will withstand the severe El Niño phenomenon forecast for 2026. He assured Parliament that the nation's food supply remains secure despite global concerns over mass hunger. The President attributed this resilience to the country's courage in confronting challenges head-on.

Prosecutor's Office Investigators Mobbed by Residents During Village Office Raid in Corruption Case

Investigators from the Dompu District Prosecutor's Office in West Nusa Tenggara were surrounded and intimidated by a mob while searching the Tekasire village office in connection with an alleged corruption case. The crowd, reportedly supporters of the village head, seized and destroyed a box of crucial evidence related to the procurement of land for a football field. Despite the loss of the physical documents, the prosecutor's office has confirmed the investigation will continue.

Baby Boy Found in Cardboard Box at Sleman Market

A newborn baby boy was discovered by a resident inside a cardboard box at the Klitikan Pasar Sleman area early on Friday morning. The infant was found in a clean and healthy condition, equipped with a blanket, nappies, and wet wipes. Police are currently investigating to identify the parents or the person who abandoned the child.

President Admits Indonesia Not Yet Self-Sufficient in Beef and Buffalo Meat

President Prabowo Subianto has acknowledged that Indonesia has yet to achieve self-sufficiency in beef and buffalo meat, identifying these as key remaining challenges. This comes despite the government successfully attaining self-sufficiency in eight other food commodities, including rice and chicken meat, a year ahead of schedule. The president stressed that food independence is crucial for national sovereignty.

DPD RI: President Prabowo's Leadership Marks a New Chapter in Indonesian History

The Speaker of Indonesia's Regional Representative Council (DPD RI), Sultan B Najamudin, has declared President Prabowo Subianto's leadership a new historical chapter, praising his strategic focus on national economic independence. He highlighted the administration's efforts to reclaim state control over natural resources and implement integrated policies like food self-sufficiency and the Danantara investment body. The remarks were made during the 2026 Annual Session of the People's Consultative Assembly (MPR) ahead of the 81st Independence Day celebrations.

Israel Reopens West Bank Settlement Closed 20 Years Ago

Israel has officially reopened the Ganim settlement in the occupied West Bank, two decades after it was evacuated under Ariel Sharon's 2005 disengagement plan. The move, attended by Defence Minister Israel Katz, signals an acceleration of settlement expansion under Prime Minister Benjamin Netanyahu's government. The United Nations has repeatedly stated that such settlements are illegal under international law and undermine the prospect of a two-state solution.

Prabowo: Indonesia's Investment Realisation Hits Rp1,010 Trillion in First Half of 2026 Amid Geopolitical Conflict

President Prabowo Subianto announced that Indonesia recorded Rp1,010 trillion in investment realisation during the first half of 2026, a 7.2% year-on-year increase, despite ongoing global geopolitical conflicts and trade wars. The figure represents nearly half of the national investment target for the year and has created over 1.4 million jobs. The President stressed the importance of self-reliance to withstand global supply chain disruptions.

Prabowo: Ministers Hospitalised, Collapsed, and Underwent Surgery Due to Exhaustion

President Prabowo Subianto has revealed that several ministers and government officials have suffered from severe exhaustion, with some requiring hospitalisation, collapsing, or undergoing surgery during the first 21 months of his administration. He attributed this to the government's intense work ethic in tackling long-standing national issues, claiming 121 transformative policies have been enacted. Prabowo pledged to grant his team more rest in the remainder of his term, though he joked that his ministers were sceptical of the promise.

BSI Automotive Financing Reaches Rp6.7 Trillion, Up 12.40%

PT Bank Syariah Indonesia (BSI) reported its automotive financing portfolio reached Rp6.7 trillion as of June 2026, marking a 12.40% year-on-year increase. The growth aligns with government efforts to boost the national electric vehicle industry, including the launch of the MOLINAS electric motorcycle programme. BSI is expanding its digital services and dealer partnerships to support the transition towards environmentally friendly vehicles under sharia-compliant financing schemes.

Prabowo Praises PT Timah as Profits Soar 805% After Closure of 1,000 Illegal Mines

President Prabowo Subianto has highlighted a dramatic surge in PT Timah's performance, attributing a 805% leap in net profit to the closure of 1,000 illegal tin mines. The President also reported significant profit increases across other state-owned enterprises, with total BUMN profits reaching Rp 326 trillion in 2025. He projected that net dividends to the state could quadruple by 2026.

Wearing a 'tree hole bottom' suit, Gibran looks elegant at the MPR Annual Session

Vice President Gibran Rakabuming Raka drew attention at the MPR Annual Session by wearing a dark blue 'tree hole bottom' suit, a style praised by a fashion observer for its calm and professional impression. The choice of attire, paired with a black kopiah, was interpreted as a blend of modern leadership and commitment to Indonesian cultural identity. The observer suggested this signals an openness to exploring a 'Modern Indonesian Statement Look' for state officials.

Pancasila must be reflected in how state protects people: MPR Speaker

MPR Speaker Ahmad Muzani emphasised that the state ideology of Pancasila must be reflected in law enforcement, anti-corruption efforts, and the management of national wealth. Speaking at the 2026 Annual Session, he noted Pancasila has repeatedly proven to be Indonesia's greatest common ground, helping the nation overcome political upheaval, economic crises, and communal violence. The session also featured President Prabowo Subianto's state address marking the 81st Independence Day.

Prabowo Praises Legislative Performance: 13 Bills Passed, 10,883 Public Aspirations Gathered

President Prabowo Subianto commended the performance of Indonesia's legislative bodies during his state address, highlighting the passage of 13 bills, including a landmark law on domestic worker protection. He also noted the Regional Representative Council's (DPD) success in gathering over 10,000 public aspirations from across the archipelago to inform national development planning.

KEK Kura Kura Opens Doors for Local SMEs to Compete in International Mall

The Kura Kura Special Economic Zone in Bali is providing curated local small and medium enterprises (SMEs) with retail space in its first international-standard mall, Sira Village Grand Outlet Bali. The initiative aims to connect local artisans directly with international tourists, bypassing the need for overseas trade fairs. The collaboration is part of a broader strategy to foster inclusive economic growth and strengthen Bali's identity as a global destination rooted in local community and craftsmanship.

Prabowo: As a G20 Member, It Is Unseemly for Indonesia to Still Have Hungry Citizens

President Prabowo Subianto has declared that Indonesia's membership in the G20 makes it unacceptable for any citizen to suffer from hunger, emphasising that economic growth must translate into tangible welfare for the poorest. Speaking at the 2026 Annual Session of the MPR, he highlighted Q1 2026 growth of 5.61% but insisted that investment is meaningless unless it creates jobs and improves living standards. He also pledged to streamline bureaucracy to support farmers and the most vulnerable.

DPD Speaker Says World at a Crossroads, Backs Prabowo's Diplomacy

The Speaker of Indonesia's Regional Representative Council (DPD), Sultan Bachtiar Najamudin, has stated that the world is at a decisive historical juncture amid deepening geopolitical fragmentation. He emphasised the continued relevance of Indonesia's free and active foreign policy and expressed full support for President Prabowo Subianto's international diplomacy. The DPD is also initiating the formation of a Southeast Asia Senate Forum to foster regional parliamentary cooperation.

MPR: Danantara Sumberdaya Indonesia Strengthens Nation's Bargaining Position in Global Trade

The People's Consultative Assembly (MPR) has stated that the establishment of PT Danantara Sumberdaya Indonesia (DSI) will enhance the country's bargaining power in global trade. MPR Chairman Ahmad Muzani emphasised that DSI will boost state revenue and strengthen the management of export proceeds. The initiative is framed as a strategic implementation of the constitutional mandate for the state to control natural resources for the people's maximum prosperity.

President Prabowo Targets Beef Self-Sufficiency Within 5-6 Years

President Prabowo Subianto has announced a target for Indonesia to achieve beef self-sufficiency within the next five to six years. Speaking at the MPR Annual Session, he noted that the nation has already attained self-sufficiency in eight other food commodities, including rice, chicken meat, and chillies, a feat he credited to cross-sector cooperation.

BGN: Public Can Monitor and Oversee Free Nutritious Meal Programme via Radar MBG Portal

Indonesia's National Nutrition Agency (BGN) has launched the Radar MBG portal to allow the public, particularly parents and schools, to monitor the implementation of the Free Nutritious Meal (MBG) programme. The digital platform provides transparency by displaying school recipients, menus, nutritional content, food photographs, and the originating nutrition service unit. The initiative aims to strengthen public oversight and drive continuous improvement in food quality and service delivery.

Prabowo: 145 Fertiliser Regulations Slashed, Prices Drop 20%

President Prabowo Subianto announced the government has cut 145 regulations on subsidised fertiliser distribution, resulting in a 20% price reduction for farmers. He claimed this is the first time in Indonesian history that fertiliser prices have been lowered for the public. The President also noted that the volume of subsidised fertiliser has increased alongside the price drop, contributing to higher production and faster food self-sufficiency.

Prabowo Laments Foreign Theft of Indonesian Fish, Only 5% Enjoyed by the People

President Prabowo Subianto has revealed that Indonesia only benefits from a mere 5 per cent of its fishing industry, valued at US$34 billion annually, with the rest being taken by foreign vessels. He highlighted the significant economic losses and the need to build thousands of modern fishing boats to reclaim the nation's maritime wealth. The government is targeting the construction of 1,582 modern vessels next year and aims to have 1,386 fishing villages operational by the end of 2026 to support local fishermen.

Prabowo: Red and White Cooperatives a Blessing, Market Cannot Be Dominated by Tycoons

President Prabowo Subianto has declared that the Red and White Cooperatives mark a historic moment for Indonesia, enabling the state to control the domestic supply chain for the first time since independence. He argued this prevents market manipulation by wealthy individuals, while clarifying the government is not anti-market but seeks to ensure fair competition.

Prabowo Asks Entire Economic Ministerial Team to Stand Before MPR and DPR

President Prabowo Subianto made a spontaneous gesture during a joint parliamentary session, requesting his entire economic ministerial team to stand and receive public recognition. He specifically praised the Coordinating Minister for Economic Affairs and the Finance Minister, joking that the latter's smile signalled economic stability. The President also extended a special commendation to the leadership and staff of the Danantara investment authority.

Prabowo: As a G20 Member, Indonesia's Citizens Must Not Go Hungry

President Prabowo Subianto has asserted that as a member of the G20, Indonesia cannot tolerate hunger among its citizens. He stressed that economic growth and investment are not the ultimate goals, but rather the welfare of the people, particularly the most vulnerable. Prabowo made the remarks during the MPR Annual Session, emphasising that every rupiah of investment must create jobs and improve the quality of life for all Indonesians.

President outlines four guiding principles of the government

President Prabowo Subianto has outlined the four guiding principles that have steered his administration over the past 21 months, emphasising constitutional adherence, protection of national interests, swift resolution of public difficulties, and a focus on future generations. Speaking at the 2026 MPR Annual Session, he acknowledged that not all campaign promises have been fulfilled but noted progress on complex national issues. The address formed part of the commemoration of Indonesia's 81st independence anniversary.

Tua Tunu Botanical Garden and BRIN Research Endemic Forest Rambutan in Bangka

The Tua Tunu Botanical Garden in Pangkalpinang, in collaboration with the National Research and Innovation Agency (BRIN), is conducting research on the forest rambutan, an endemic plant of Bangka Island that is threatened with extinction. The research aims to preserve the species, which has been endangered by the conversion of forests into plantations and mining areas. The garden currently has only three remaining trees of the species.

Prabowo Stresses Investment and Strong Economic Growth Are Not the Government's Ultimate Goal

President Prabowo Subianto has asserted that robust economic growth and investment figures must translate into tangible public welfare. Speaking at the Annual Session of the MPR, he noted that while Indonesia achieved 5.45 percent growth and Rp1,010 trillion in investment in the first half of 2026, these are merely means to an end. The President emphasised that every rupiah invested must create jobs and every policy must improve the lives of the people.

Prabowo Considers Investigating SOE Directors Dating Back 30 Years

President Prabowo Subianto has signalled a willingness to investigate the directors of state-owned enterprises (SOEs) for their actions over the past three decades, citing severe governance failures. The proposal follows the discovery that the number of SOEs is far higher than previously estimated, with many deemed unproductive and their profits potentially fabricated. He also raised the possibility of establishing a special ad hoc court and offering amnesty to those who confess.

Prabowo: Indonesia Saves Rp170 Trillion in Foreign Exchange with B50 Biodiesel

President Prabowo Subianto announced that Indonesia's adoption of B50 biodiesel has halted diesel imports, saving the country an estimated Rp170 trillion in foreign exchange. The mandatory B50 programme, utilising 50% palm oil-based fuel, was officially launched on 9 July 2026, marking Indonesia as the first nation globally to implement such a standard. The President emphasised this milestone as a crucial step towards national energy sovereignty and reducing reliance on foreign energy sources.

Bank OCBC NISP Becomes Controlling Shareholder of OCBC Sekuritas in IDR 455 Billion Deal

PT Bank OCBC NISP Tbk. has completed the acquisition of PT OCBC Sekuritas Indonesia for IDR 455.2 billion, solidifying its role as the parent entity of the OCBC financial conglomerate in the country. The transaction, finalised on 13 August 2026, grants the bank a 99.9999% direct stake in the securities firm. The move is part of a broader consolidation strategy that also includes the approved acquisition of a controlling stake in life insurer PT Great Eastern Life Indonesia.

Prabowo Praises Supreme Court Case Clearance and Constitutional Court Online Hearings

President Prabowo Subianto has commended the judiciary's performance, highlighting the Supreme Court's record 99.54% case resolution rate in 2025 and the Constitutional Court's digital transformation. He noted that 84.51% of Constitutional Court petitions were filed online, removing geographical barriers for citizens. The President also stressed the Judicial Commission's vital role in upholding ethical standards, with 121 judges facing proposed sanctions in early 2026.

President Claims Investment Continues to Grow, First Half of 2026 Reaches Rp 1,010 Trillion

President Prabowo Subianto has asserted that investment in Indonesia remains robust despite global uncertainties, with first-half 2026 realisations reaching Rp 1,010 trillion. The President emphasised that investment must translate into tangible benefits, including job creation and improved public welfare. He reported that the incoming capital generated over 1.4 million jobs during the period.

Prabowo Says Advanced Technology Useless If People Go Hungry

President Prabowo Subianto has stressed that digital advancement is meaningless without public welfare, insisting that no Indonesian should go hungry. He highlighted the government's focus on food self-sufficiency and praised the collective effort behind food distribution programmes. The remarks were made during the annual state address marking Indonesia's 81st Independence Day.

Prabowo: Indonesia to Halt Diesel Imports from 1 July, Claims B50 Policy Saves Rp170 Trillion in Foreign Exchange

President Prabowo Subianto announced that Indonesia will cease importing diesel from 1 July 2026, attributing the milestone to the successful implementation of the B50 biodiesel programme. The policy, which blends palm oil-based biodiesel with diesel, is projected to save the country Rp170 trillion in foreign exchange. The announcement was made during a state address where the President also highlighted accelerated achievements in food self-sufficiency.

Prabowo Guarantees Indonesia's Resilience Against Severe El Niño, Here's Why

President Prabowo Subianto has assured the nation of its ability to withstand the predicted severe El Niño weather phenomenon this year, citing newly achieved food self-sufficiency. He reported that Indonesia has reached self-sufficiency in eight key commodities a year ahead of schedule, following a major overhaul of fertiliser distribution. The President highlighted a 20% reduction in fertiliser prices and increased availability as critical factors in boosting domestic production.

Prabowo: Indonesia's investment realisation reaches Rp1,931 trillion

President Prabowo Subianto announced that Indonesia's investment realisation hit Rp1,931 trillion in 2025, creating over 2.7 million jobs. He highlighted that the economy grew by 5.61 per cent in the first quarter of 2026, the highest in 13 years, and expressed optimism that growth could reach 6 per cent by year-end. The remarks were made during the annual state address amid ongoing global geopolitical tensions and trade wars.

Prabowo Reveals Junior Judges' Salaries Up 280%, Chief Justice's Income Surpasses Singapore's

President Prabowo Subianto announced that the government has raised the income of junior judges by 280%, placing their earnings above the ASEAN average. He also stated that the Chief Justice of Indonesia's Supreme Court now receives higher remuneration than their counterpart in Singapore. The President linked the pay increases to efforts to bolster judicial independence while emphasising the need for greater accountability.

Prabowo: DPR Ratifies Domestic Worker Protection Law, Every Worker Deserves Safeguards

President Prabowo Subianto highlighted the ratification of the Domestic Worker Protection Law (UU PPRT) during the 2026 Annual Session of the MPR, marking a legislative breakthrough after 22 years. The law, passed in April, establishes a legal framework recognising the dignity and rights of domestic workers. The government views the legislation as fulfilling the President's commitment to ensuring all forms of labour receive state protection.

Upper Respiratory Infections in South Kalimantan Surpass 7,000 Cases Amid Haze Warnings

South Kalimantan has recorded a sharp rise in upper respiratory tract infections and pneumonia, with over 7,000 cases reported during the dry season. The provincial health office is distributing masks and urging residents to follow health protocols as forest and land fires continue to generate thick haze. Authorities have reinforced a ban on land clearing by burning, citing the ongoing strong El Niño phenomenon which is expected to worsen drought conditions.

Gold Prices at Pegadaian: Galeri24, Antam, UBS All Decline on Friday

Gold prices across all major brands sold through Indonesia's state-owned pawnshop Pegadaian fell on Friday morning. Galeri24, Antam, and UBS all recorded declines compared to the previous day's trading. The price drops reflect the latest movement in the domestic precious metals market.

Prabowo Wants Justice for the People in Court: Judges Are the Last Bastion

President Prabowo Subianto has stressed that the rule of law and justice must be accessible to all citizens, calling for the strengthening of the judiciary. He highlighted a significant 280% pay rise for junior judges, noting that their income now exceeds the ASEAN average. Prabowo emphasised that judges serve as the final bastion of justice, particularly for the most powerless members of society.

Prabowo Mandates All Subsidised Goods Be Distributed Through Village Cooperatives

President Prabowo Subianto has mandated that all subsidised goods, including cooking oil and rice, must be distributed exclusively through the Koperasi Desa Merah Putih (KDMP) village cooperatives. He emphasised that subsidised items are funded by the people's money and are not to be treated as commercial merchandise. The government reports that 10,000 cooperatives are now operational, with 3,300 functioning optimally.

Prabowo Targets 6% Indonesian Economic Growth by End of 2026

President Prabowo Subianto has set a target for Indonesia's economy to grow by 6% by the end of 2026, citing appropriate and rational policies. Speaking at the annual state address, he stressed that economic growth and investment are not the ultimate goals, but rather the welfare of the people, particularly the lower-middle class. He insisted that every rupiah of investment must create jobs and improve the quality of life for all citizens.

Prabowo: State-Owned Enterprises Are Not a Source of Funds for the Ruling Elite

President Prabowo Subianto has declared that state-owned enterprises (BUMN) belong to the Indonesian people and must not be exploited by those in power. He revealed that the government has already closed 290 unproductive entities and aims to reduce the total number to just 300 by the end of the year. The restructuring is projected to save Rp 50 trillion annually in overhead costs, which will be redirected towards investment and public services.

President Prabowo Praises DPR's Legislative Achievements and DPD's Aspiration Gathering

President Prabowo Subianto commended the House of Representatives (DPR) for passing 13 bills, including a landmark law protecting domestic workers, during the 2026 Annual Session. He also highlighted the Regional Representative Council's (DPD) success in collecting nearly 11,000 public aspirations from across 38 provinces. The President stressed that national development relies on harmonious collaboration between all state institutions.

Prabowo Boasts Judges' Salaries Now Above ASEAN Average

President Prabowo Subianto has claimed that judicial remuneration under his administration has risen by 280 per cent for junior judges, placing their incomes above the ASEAN average. He stated that the Chief Justice of the Supreme Court now reportedly earns more than his Singaporean counterpart. The President made the remarks during his state address at the MPR Annual Session, framing the pay rise as part of efforts to strengthen the judiciary as the last bastion of justice.

Joint SAR Team Expands Search Area for KMP Putri Yasmin Victims

The joint search and rescue team has broadened its search area on the third day of operations for missing passengers from the fire-stricken KMP Putri Yasmin ferry in the Lombok Strait. The effort now involves three main Search and Rescue Units, deploying sea vessels and a helicopter for aerial surveillance. As of Thursday, 212 people have been evacuated, with five passengers still reported missing.

Government Integrates Civil Registry Data to Ensure Accuracy of Free Nutritious Meal Recipients

The National Nutrition Agency (BGN) is collaborating with the Ministry of Home Affairs to integrate civil registry data, aiming to eliminate duplicate records and ensure the Free Nutritious Meal (MBG) programme reaches its intended beneficiaries. The data synchronisation will verify administrative records against field conditions, identifying individuals who are registered but have not yet received services. Future plans include linking this data with health sector records to monitor child development indicators such as height and weight.

MPR Speaker Reminds Public Spaces Must Not Be Filled with Degrading Language

MPR Speaker Ahmad Muzani has called for a more civilised political culture, warning that public spaces should not be polluted by language that degrades human dignity. He stressed that political differences must not be allowed to destroy friendships or sow hatred, particularly as digital technology amplifies the spread of slander and falsehoods. Muzani made the remarks during the 2026 Annual Session of the MPR, DPR, and DPD, which also featured a state address by President Prabowo Subianto.

Prabowo announces 280 percent salary increase for junior judges

President Prabowo Subianto has announced a 280 percent increase in the income of Indonesia's most junior judges, placing their earnings above the ASEAN average. The move is part of efforts to improve judicial welfare and safeguard the independence of the judiciary. Prabowo also stressed that improved welfare must be accompanied by greater accountability in the execution of judicial duties.