Indonesian Political, Business & Finance News

Archive: 18 August 2026

Showing 651-700 of 1,549 articles

New PSPK 1-2 Rules Effective 2027: Companies Can No Longer Hide Climate Risks and Emission Footprints

Indonesia will require companies to adopt comprehensive sustainability disclosure standards from 1 January 2027, compelling them to report climate risks and greenhouse gas emissions across their value chains. The new PSPK 1 and PSPK 2 standards, adopted from international frameworks by the Indonesian Institute of Accountants, aim to integrate climate considerations into corporate strategy and decision-making. Experts note that implementation still faces challenges, particularly the limited number of auditors qualified to provide assurance on sustainability reports.

NTT Earthquake: National Police Chief Assures Public Safety Is Top Priority

National Police Chief General Listyo Sigit Prabowo has assured that public safety remains the foremost priority in the response to the earthquake in East Nusa Tenggara. During a visit to affected areas in Manggarai and East Manggarai regencies, he outlined ongoing search and rescue, evacuation, medical, and logistics efforts. The disaster has claimed 67 lives, injured over 1,100 people, and displaced 27,700 residents across seven regencies.

Deputy Coordinating Minister for Food launches waste-free independence campaign at ULM

Deputy Coordinating Minister for Food Hanif Faisol Nurofiq has launched a nationwide youth clean-up campaign at Lambung Mangkurat University in Banjarmasin, South Kalimantan. The initiative, running from 17 August to 28 October 2026, aims to mobilise young people across Indonesia under the hashtag #kami13juta as part of World Cleanup Day. The campaign adopts a pentahelix approach involving government, academia, youth communities, and environmental organisations.

Indonesia eyes growth in domestic premium tourism market

Indonesia's Tourism Ministry is promoting high-end domestic travel packages to keep spending within the country amid global uncertainty. Deputy for Marketing Ni Made Ayu Marthini highlighted record domestic trip numbers and encouraged businesses to develop premium offerings. The initiative aims to boost local economies and support tourism enterprises across the archipelago.

School Holds 17 km Lari Lintas Juang to Foster Leadership and Struggle Spirit in Young Generation

SMA Labschool Jakarta marked Indonesia's 81st Independence Day with a 17-kilometre Lari Lintas Juang run from Kalibata Heroes Cemetery to the school. The event served as the culmination of a leadership development programme for student council members, aiming to instil values of courage, responsibility, and perseverance. School leaders emphasised the importance of young people continuing the nation's struggle through positive contributions and strong character.

CORE: High-tech downstreaming hampered by unprepared ecosystem

CORE Indonesia economist Dipo Satria Ramli argues that the government's plan to expand downstreaming into semiconductors and high-tech manufacturing faces significant hurdles due to an unprepared industrial ecosystem. He stresses that technology investors seek robust supply chains, business certainty, efficient logistics, and legal assurance rather than just tax holidays. Domestic entrepreneurs are also adopting a wait-and-see approach, further complicating investment attraction.

People's Feast a momentum for Cakung residents to maintain order and cleanliness

The People's Feast commemorating Indonesia's 81st Independence Day in Cakung, East Jakarta, served as a platform to strengthen community bonds and promote environmental awareness. Cakung Sub-district Head Rohmad emphasised that maintaining cleanliness and order is a shared responsibility that should extend beyond the celebration into daily life. The event also featured free food distribution, health check-ups, and special assistance for vulnerable groups.

National Police Chief Reviews NTT Earthquake-Affected Sites and Delivers Aid

National Police Chief General Listyo Sigit Prabowo visited earthquake-affected areas in Manggarai and East Manggarai regencies, East Nusa Tenggara, to oversee disaster response and distribute aid. The disaster has caused 67 deaths and displaced around 27,700 people across seven regencies. Police have deployed 236 personnel, established eight disaster response posts, and delivered 247.66 tonnes of logistical assistance.

Mineral stockpile as key securing supply chain: MIND ID

MIND ID has proposed establishing a national mineral stockpile to secure industrial raw material supply and strengthen Indonesia's control over strategic commodities amid global supply chain disruptions. The state-owned mining holding company argues that such a reserve would allow the government to manage when minerals are released or stored, providing a buffer for domestic industry needs. The proposal is framed as part of broader mineral governance reform aimed at increasing domestic economic benefits and national self-reliance.

EduTrain KAI Opens Access to Railway Technology Knowledge for Orphanage Children

PT Kereta Api Indonesia (KAI) and PT Kereta Cepat Indonesia China (KCIC) have launched EduTrain, an educational programme that gives orphanage children hands-on experience of Indonesia's modern railway technology. The initiative, held to mark the 81st anniversary of Indonesian independence and KAI's 81st anniversary, involves 90 participants per batch travelling between Jakarta and Bandung on Feeder and Whoosh services. The programme aims to broaden children's horizons and inspire future aspirations through direct exposure to railway operations, safety and services.

Fierce: 620 Ukrainian Drones Launched at Moscow

Ukraine launched 620 drones at Moscow in a single night, injuring at least three people and damaging buildings including a Wildberries warehouse. Both sides have significantly escalated long-range strikes amid stalled peace talks, pushing civilian casualties to their highest level since early 2022. Russia retaliated with a rocket attack on a village in Kharkiv region that killed ten people.

Customs Foils Rp60 Billion Gold Smuggling Attempt to Hong Kong

Indonesia's Directorate General of Customs and Excise has intercepted 30 gold bars weighing 22.317 kilograms, valued at approximately Rp60 billion, at Soekarno-Hatta International Airport. Two Chinese nationals were arrested just minutes before their flight to Hong Kong departed. The case highlights ongoing efforts to combat high-value smuggling through enhanced intelligence analysis and inter-agency coordination.

Police uncover gold smuggling scheme using gel concealment

Indonesian police have uncovered a sophisticated gold smuggling syndicate in North Jakarta that melted gold bars into a gel-like substance and concealed it in modified underwear to evade airport X-ray scanners. The operation, allegedly run by Indian nationals and linked to a local jewellery store, is suspected of processing around 30 kilograms of gold per day for illegal shipment to Dubai. Authorities have seized evidence including gold bars, chemicals, and a sewing machine, and are coordinating with immigration, customs, and financial intelligence agencies to trace the syndicate's transactions.

Economist welcomes Danantara plan to manage IDX shares

An economist has welcomed the plan for Indonesia's sovereign wealth fund Danantara to take ownership of shares in the Indonesia Stock Exchange (IDX) following its demutualisation. The move is mandated by the Financial Sector Development and Reinforcement Law (UU P2SK), which allows the IDX to be owned by the Ministry of Finance, Bank Indonesia, and Danantara. Danantara is currently in discussions with the Financial Services Authority (OJK) regarding the share acquisition.

Water Crisis in Tasikmalaya Worsens, BPBD Supplies 437,000 Litres of Clean Water

The Regional Disaster Management Agency (BPBD) of Tasikmalaya Regency has distributed 437,000 litres of clean water to over 45,000 residents as drought conditions worsen across 37 villages. The extreme El Niño phenomenon, combined with climate change and environmental degradation, has caused many wells to dry up completely. The local government has declared a drought emergency status until September 2026 and is working with multiple agencies to ensure continued water distribution.

House leadership and government to finalise presidential regulation on online motorcycle taxis

The House of Representatives (DPR) leadership and government ministers are working to finalise a presidential regulation governing online motorcycle taxis (ojol). A final coordination meeting is scheduled for 18 August to settle remaining details, particularly how the government calculates transport of passengers and goods. DPR leaders stressed the need to ensure the regulation does not create differing interpretations in its implementation.

Gerindra: Jokowi sitting next to Prabowo shows good relations

Gerindra Party spokesman Bahtra Banong said the seating of 7th President Joko Widodo alongside President Prabowo Subianto at the 81st Independence Day ceremony reflects their good relationship. He described the arrangement as natural since the palace invited former presidents and vice presidents to the state ceremony. Bahtra added that Prabowo is committed to embracing all elements of the nation, including former leaders, to build a prosperous and sovereign Indonesia.

Government Internship Programme Deemed Ineffective in Tackling Graduate Unemployment

A labour expert has warned that Indonesia's government internship scheme is too small to absorb the growing number of unemployed university graduates. Professor Tadjuddin Noer Effendi argues that a mismatch between academic theory and practical skills, coupled with a weak industrial base, is driving educated unemployment. He urges the government to expand modern vocational training centres rather than build new universities.

Pigai Prepares Banking Access Block Sanctions for Companies Violating Human Rights

Human Rights Minister Natalius Pigai has announced that the government is preparing a regulation on human rights and business that could lead to sanctions, including banking access restrictions, for companies found to have committed human rights violations. The regulation, currently being harmonised at the Ministry of Law, would allow the ministry to recommend banning offending companies from obtaining credit. Pigai stated that once the President signs the regulation, he will have the authority to decide whether companies should be closed, sanctioned in the banking sector, or given a warning.

Mineral stockpile as key securing supply chain: MIND ID

MIND ID has proposed establishing a national mineral stockpile to secure industrial raw material supply and strengthen Indonesia's control over strategic commodities amid global supply chain disruptions. The state-owned mining holding company argues that such a reserve would allow the government to manage the timing of mineral releases and storage, rather than relying solely on market mechanisms. The proposal is framed as part of broader mineral governance reform aimed at maximising domestic economic benefits and national self-reliance.

Customs Foils Smuggling of 22 kg of Gold at Soekarno-Hatta Airport

Indonesia's Directorate General of Customs and Excise has intercepted an illegal gold export attempt involving 22.317 kilograms of bullion worth approximately Rp60 billion at Soekarno-Hatta International Airport. Two Chinese nationals were arrested using different concealment methods, including hiding gold in cabin luggage with suspected assistance from an airport official and strapping gold to their bodies. The suspects are now detained under the Customs Law as authorities continue to investigate the wider smuggling network.

17 August Becomes Peak of Independence Long Weekend, KAI Serves 216,158 Passengers in a Single Day

State-owned railway operator PT Kereta Api Indonesia (KAI) recorded its highest daily passenger volume of the Independence Day long weekend on 17 August 2026, serving 216,158 passengers. Across the four-day period from 14 to 17 August, KAI carried a total of 800,651 passengers on long-distance and local train services. The surge coincided with a 17 percent discount programme for commercial economy class long-distance trains, which sold 31,634 tickets.

Indef: Second-stage stimulus could have multiplier effect on economy

The Institute for Development of Economics and Finance (Indef) says Indonesia's second-semester 2026 stimulus package of Rp26.34 trillion could generate a positive multiplier effect if implemented effectively. Executive Director Esther Sri Astuti highlights the roles of food aid, transport incentives, and internship programmes in supporting purchasing power, mobility, and workforce skills. She also urges a longer-term focus on investment and exports to make the fiscal stimulus more durable.

Gus Lilur Urges 35th NU Congress to Be Free from Intervention

Nahdlatul Ulama figure Gus Lilur has called on President Prabowo Subianto to ensure that no government officials use the president's name or state facilities to influence the leadership succession of Indonesia's largest Islamic organisation. The 35th NU Congress is scheduled for 27–31 August 2026 in Jombang, East Java. Gus Lilur claims to have received credible information about a network allegedly seeking to install specific candidates for the organisation's top positions.

Bareskrim Polri Searches Gambling Locations in Bengkong, Batam after Nagoya Gelper Raid

Indonesia's Criminal Investigation Agency (Bareskrim Polri) has expanded its investigation into alleged gambling activities in Batam, conducting searches at several locations in Bengkong following a raid on a suspected casino in Nagoya. The operation, led by the Deputy Chief of Bareskrim, is part of ongoing efforts to dismantle gambling networks in the region. Police have seized evidence but have not yet disclosed details, with further information to be released at a future press conference.

DPR: Limited dual citizenship a breakthrough to strengthen global competitiveness

A senior Indonesian legislator has welcomed the proposed introduction of limited dual citizenship as a strategic move to boost national competitiveness and harness the potential of the Indonesian diaspora. The policy is intended to facilitate knowledge transfer, investment and public diplomacy while the government prepares a more comprehensive revision of the citizenship law.

JLL study: Jakarta mall occupancy reaches 86 percent

Jones Lang LaSalle reports that shopping centre occupancy in Jakarta reached approximately 86 percent in the second quarter of 2026, driven by tenant expansion and mall optimisation activities. Demand is strongest from food and beverage, wellness, and experiential retail sectors, with prime mall occupancy as high as 96 percent. Average prime mall rents rose slightly to Rp621,341 per square metre per month, with JLL forecasting a 3 percent increase this year.

The Home I Was Proud Of, The Home I Now Worry About

An opinion piece reflecting on Indonesia's 81st year of independence questions whether the nation still feels like a home for all its citizens. The author highlights rising graduate unemployment, economic hardship, and educational shortcomings as sources of growing concern. The piece argues that genuine patriotism involves honest criticism and a call for the state to be present for its people.

Reog Ponorogo enlivens Indonesian Independence Day celebration in Washington DC

The Indonesian Embassy in Washington DC celebrated the 81st anniversary of Indonesia's independence with a Reog Ponorogo performance and traditional East Javanese music. The event, held at Wisma Indonesia, featured a flag-raising ceremony led by Ambassador Dwisuryo Indroyono Soesilo and traditional games. The celebration highlighted the preservation of Indonesian cultural identity among the diaspora in the United States.

Sikka Archives and Library Office holds trauma healing for children through literacy activities

The Sikka Regency Archives and Library Office (Disarpus) has organised trauma healing sessions for primary and junior secondary school children affected by the Flores earthquake, using literacy activities at the Gelora Samador Maumere evacuation site. The initiative aims to restore children's cheerfulness, reduce fear and anxiety, and rebuild their confidence and psychological resilience. Officials emphasised that the programme is part of the government's broader psychosocial support for disaster-affected communities.

Industry Ministry targets small and medium industries to enter national electric motorcycle supply chain

The Ministry of Industry is working to integrate small and medium industries (IKM) into the supply chain for Indonesia's national electric motorcycle programme. Two IKM have already begun supplying battery box and bracket components for the Alva electric motorcycle. The ministry is using a supplier development approach based on the needs of large manufacturers and original equipment manufacturers.

Thai PM Anutin Stopped and Searched by Police in Buriram

Thai Prime Minister Anutin Charnvirakul was stopped and his vehicle searched at a police checkpoint in Buriram province, with officers unaware of his identity. Anutin dismissed suggestions the incident was staged, explaining he was travelling without an official escort during a holiday. He welcomed the routine security check, which was part of a government policy to curb illegal firearms and drugs.

KJRI Johor Bahru Repatriates 307 Indonesian Citizens Including Four Anambas Fishermen

The Indonesian Consulate General in Johor Bahru has facilitated the return of 307 Indonesian citizens from Malaysia to Batam, including 300 immigration detainees released under Malaysia's Programme M. Among the seven repatriated under a special scheme were four fishermen from the Anambas Islands who had been stranded at sea for five days after their vessel suffered engine failure. The consulate emphasised the importance of using legal migration channels to prevent such incidents.

From Cluj-Napoca to Bucharest, Romanian Citizens Join in Celebrating Indonesia's 81st Independence Day

Romanian citizen Ioana Oltean travelled approximately 165 kilometres from Cluj-Napoca to Bucharest to attend Indonesia's 81st Independence Day celebration at the Indonesian Embassy. The ceremony, held on 17 August 2026, was attended by Indonesian citizens, diaspora members, and Romanian friends of Indonesia. Ambassador Meidyatama Suryodiningrat highlighted that the occasion also served as a moment of solidarity with earthquake victims in East Nusa Tenggara.

Police Arrest Suspect Who Threw Molotov Cocktails at Two Surabaya Police Posts

Police in Surabaya have arrested an online motorcycle taxi driver suspected of throwing Molotov cocktails at two traffic police posts. The suspect, identified by the initials YGM, allegedly acted out of resentment after being issued a traffic ticket. Authorities say one officer was injured and have assured the public that the security situation in the city remains under control.

Economist: President's speech at MPR Annual Session benefits downstreaming

An economist from Mirae Asset Sekuritas Indonesia says President Prabowo Subianto's address at the MPR Annual Session is favourable for the downstreaming and renewable energy sectors. Rully Arya Wisnubroto also noted that if the government can maintain purchasing power and create jobs, the speech could positively impact consumer sector stocks. The President emphasised that increased profits from state-owned enterprises will be used to accelerate downstreaming projects and strengthen Indonesia's position in the global supply chain.

1.08 Million People Utilise KAI Group Special Fares, Independence Spirit Moves Forward with the Railway

Over 1.08 million passengers took advantage of special Independence Day fares offered by KAI Group on 17 August 2026 across long-distance trains, Commuter Line services, and the Jabodebek LRT. The promotion included a 17% discount on economy-class long-distance seats and a Rp8 flat fare for urban rail services. KAI's President Director highlighted the distinct travel patterns during the holiday period, with intercity mobility strengthening while commuter volumes eased compared to working days.

Despite Hardline Stance on China, Trump Reportedly Received Rp 24 Trillion

US President Donald Trump's crypto entity World Liberty Financial has entered a business collaboration with Hong Kong-based AI startup WorldClaw, which provides access to AI models from blacklisted Chinese tech firms. The arrangement has generated over US$1.4 billion for the Trump family through token sales and stablecoin monetisation. Ethics experts have criticised the arrangement as hypocritical given the administration's hawkish stance on Chinese technology.

From Bali Film to Nusantara Crafts, Two Indonesians Become 'Ambassadors' for Indonesia in Canada

Indonesia's embassy in Ottawa has honoured two individuals for their contributions to cultural and economic diplomacy in Canada. Filmmaker Ugo Monticone and entrepreneur Johannes Doy were recognised during the 81st Indonesian Independence Day celebrations for promoting Indonesian culture through film and crafts respectively. The awards highlight the role of soft diplomacy in strengthening ties between Indonesia and Canada.

PVMBG records 20 eruptions of Anak Krakatau on 17 August 2026

The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) recorded 20 eruptions at Mount Anak Krakatau in the Sunda Strait on 17 August 2026, with volcanic activity remaining at Level III (Siaga). Monitoring indicates that seismic activity and gas emissions are still being recorded, confirming that volcanic activity is ongoing. Residents, tourists and fishermen have been advised to stay outside the recommended two-kilometre exclusion radius from the crater.

Trump Threatens to Bomb Oman, US Bond Yields Hit 19-Year High

Geopolitical tensions in the Middle East have rattled global financial markets, with Brent crude surging to around US$91 per barrel after Iran seized an oil tanker in the Strait of Hormuz. US President Donald Trump's threat to bomb Oman has further escalated the situation, pushing 30-year Treasury yields to their highest level in 19 years. Weak Chinese retail sales data has added to investor concerns about the global economic outlook.

Febrie Adriansyah's Legal Team Reveals 30 Procedural Violations in Pretrial Hearing

The legal team representing former Junior Attorney General for Special Crimes Febrie Adriansyah has identified approximately 30 alleged procedural violations in his pretrial hearing at the South Jakarta District Court. The violations span five key areas, including the unclear predicate crime in the money laundering charge and the combining of predicate and money laundering offences in a single investigation order. The team plans to present at least three expert witnesses as the case proceeds under the new Criminal Procedure Code, which requires a ruling within seven days.

DPD Chairman Assures No Intervention in DPD RI Awards 2026

The Regional Representative Council (DPD RI) has opened registration for its 2026 awards until 21 August, seeking to recognise unsung local heroes driving regional development. Chairman Sultan B Najamudin has assured the selection process will be free from intervention, with independent expert judges overseeing the awards. The initiative aims to highlight contributions from across Indonesia's regions that have previously gone unnoticed.

Serang Regency Government Supplies Clean Water to 7 Sub-districts Affected by El Nino

The Serang Regency administration in Banten has prioritised distributing clean water to villages across seven sub-districts facing drought due to the El Nino phenomenon. A state of emergency has been declared for one month following BMKG predictions of a prolonged dry season. The government is also distributing 30 kilograms of rice per affected household from the National Food Agency.

Jakarta Transport Agency Urges Public to Avoid Monas and Sudirman Amid Student Protest

The Jakarta Transportation Agency has advised motorists to steer clear of several major thoroughfares, including the DPR/MPR building, Jalan Sudirman, Jalan Thamrin, and the Monas area, due to a student demonstration on Tuesday. Sixty personnel have been deployed to manage traffic, with situational traffic engineering to be applied based on crowd movements. The agency is coordinating with police and urges the public to follow officer instructions and consider public transport.

Flags at Half-Mast: China Mourns the Death of the Father of Reform

China is mourning the death of former Premier Zhu Rongji, known as the Father of Reform, who passed away at the age of 97. Flags were flown at half-mast in Tiananmen Square and at Hong Kong's Central Government Offices on the day of his cremation. Zhu served as Premier from 1998 to 2003 and is credited with driving economic reform and restructuring state-owned sectors during his tenure.

Basarnas evacuates seven seriously injured victims of NTT earthquake

Indonesia's National Search and Rescue Agency (Basarnas) has airlifted seven people with severe injuries to a hospital in Labuan Bajo following a 7.7-magnitude earthquake in East Manggarai Regency, East Nusa Tenggara. The earthquake has caused widespread damage, with hundreds injured and at least 68 confirmed deaths across several regencies. Authorities are also deploying ships and additional personnel to reach affected coastal and inland areas.

Myanmar leader in Russia on diplomatic push, even as legal risks complicate travel elsewhere

Myanmar leader Min Aung Hlaing is visiting Russia to meet President Vladimir Putin and attend a business forum, seeking to strengthen economic, defence and diplomatic ties amid Western sanctions. The trip is part of a broader diplomatic offensive aimed at boosting the administration's legitimacy and diversifying international partnerships. Analysts note that legal risks, including a potential ICC arrest warrant over alleged crimes against humanity, limit his travel options to friendly nations such as Russia and China.

Tears of joy as resident wins electric motorcycle at Kramat Jati People's Feast

A housewife in East Jakarta won an electric motorcycle at a People's Feast event organised by the East Jakarta Police to celebrate Indonesia's 81st Independence Day. The event, held across eleven locations in East Jakarta, is part of a directive from President Prabowo Subianto through the State Secretary Ministry. The festivities involved local government and community leaders.

Legal Team Reveals 30 Alleged Procedural Violations by Attorney General's Office in Febrie Adriansyah Case

The legal team of former Deputy Attorney General for Special Crimes Febrie Adriansyah has identified approximately 30 alleged procedural violations in the legal process against their client. The alleged violations span five key aspects, including unclear predicate crimes in the money laundering charges and the merger of predicate offences with money laundering in a single investigation warrant. The team plans to present at least three expert witnesses in the upcoming pretrial hearing to substantiate their claims.