Indonesian Political, Business & Finance News

Archive: 25 August 2026

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Strengthening Digital Financing Ecosystem Drives Synergy Between Pindar and Banking

The Fintech Lending Days 2026 event in Bali highlighted the need for collaboration between peer-to-peer lending platforms (Pindar), regional banks, and regulators to expand access to financing and improve efficiency. Adapundi's Head of Risk & Product, Aristama Budiono, emphasised that sustainable industry growth requires synergy among industry players, with loan channeling identified as a relevant partnership model. The event also underscored the importance of responsible lending, risk management, and consumer protection as the digital financing sector continues to grow.

US Officially Removes Syria from State Sponsor of Terrorism List, Economic Sanctions Suspended

The United States has formally removed Syria from its list of state sponsors of terrorism, ending a decades-long designation that significantly restricted foreign investment. The move was accompanied by the delisting of Hay'at Tahrir al-Sham as a terrorist organisation and the easing of various economic sanctions by the US Treasury. The policy shift is intended to support political and economic stability under Syria's new leadership.

Post-Disaster, Bireuen Residents Receive Permanent Housing Assistance

Eight permanent housing units have been funded for disaster victims in Bireuen, Aceh, through a Rp660 million collaboration between Permata Bank Syariah and DT Peduli. The handover ceremony took place at Istiqlal Mosque in Jakarta, witnessed by cleric Abdullah Gymnastiar. The programme aims to accelerate post-disaster recovery and restore social and economic activity in the affected area.

Rice and Blankets Arrive in NTT

Danamon's Bali and Nusa Tenggara regional team has distributed humanitarian aid to communities affected by the earthquake in Nusa Tenggara Timur. The assistance includes rice, blankets, tarpaulins, eggs, instant noodles, biscuits, and drinking water. The aid is intended to support basic needs and post-disaster recovery in several affected sub-districts.

Emtek Group Sells Shares in Abhimata Citra Abadi

PT Elang Mahkota Teknologi Tbk (EMTK), known as Emtek Group, has divested its entire 99.99% stake in subsidiary PT Abhimata Citra Abadi to former director Yuslinda Nasution. The transaction, completed on 20 August 2026, is part of the company's strategy to optimise its investment structure and business portfolio. Following the sale, ACA will no longer be consolidated into EMTK's financial statements.

UK PM Andy Burnham's First Visit to Ukraine: Pledges to Hit Russia and Provide Scalp Missile Blueprints

British Prime Minister Andy Burnham made his first official visit to Ukraine, reaffirming the UK's commitment to pressuring Russia and announcing the transfer of blueprints for British-made components of Scalp cruise missiles. The move enables Ukraine to produce long-range weapons domestically, while the Kremlin condemned the decision as fuelling the conflict. Burnham also led the first meeting of the Coalition of the Willing and announced a new military technology partnership with Kyiv.

Leadership Reshuffle, Green Economy Becomes Focus

PT Mutuagung Lestari Tbk (MUTU International) has strengthened its leadership through an Extraordinary General Meeting of Shareholders, appointing Sandiaga Salahuddin Uno as President Commissioner and Roestiandi Tsamanov as Deputy President Director. The appointments are intended to bolster the company's strategic perspective in business development, investment, and partnerships. The company is positioning itself to capitalise on opportunities in Indonesia's green economy, carbon business, halal sector, and digital transformation.

Capital Market Investors Reach 30.3 Million, Investment Literacy Increasingly Needed

The number of capital market investors in Indonesia has reached 30.3 million as of August 2026, an increase of approximately 9.9 million year-to-date. This growth underscores the importance of financial education, particularly for novice investors, to ensure investment decisions are based on clear goals and risk tolerance rather than market trends. BNI Sekuritas is addressing this need through educational initiatives at the BNI WondrX 2026 event.

Accommodation Demand Grows More Diverse, Hotel Network Expands Portfolio

Archipelago Hotels is expanding its portfolio with five new properties across Java and Sumatra to cater to increasingly varied accommodation needs driven by rising domestic and international travel. The expansion includes two new hotel openings and three rebrandings, targeting segments from business and MICE to family holidays and transit. The company's CEO, John Flood, emphasised that Indonesian travellers now prioritise quality and distinctive experiences over price alone.

Defence Counsel Highlights Four Errors in Prosecutors' Demands in Richard Plea

The defence team for Richard Arief Muljadi has submitted a plea in his embezzlement trial, arguing that the prosecution's demand for a three-and-a-half-year prison sentence contains fundamental errors. They contend the case involves civil disputes over coal transactions and debt repayment, not criminal conduct. The lawyers are asking the panel of judges to acquit their client or release him from all charges.

Indonesian Government Finalises IEU CEPA Agreement with the European Union

Indonesia is accelerating the implementation of the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU CEPA), with the legal text expected to be signed in October 2026. The agreement is projected to eliminate tariffs on 90.4 percent of goods immediately, with a further 8.37 percent phased in, benefiting key sectors such as palm oil, coffee, footwear, furniture, agriculture, fisheries, and telecommunications. Coordinating Minister for Economic Affairs Airlangga Hartarto described the pact as a 'game changer' for trade, investment, and supply chain diversification in the Indo-Pacific region.

Police Confirm Febrie Adriansyah's Suspect Designation Complies with Regulations

The Indonesian National Police's legal team has affirmed that all procedures in naming former Deputy Attorney General for Special Crimes Febrie Adriansyah a suspect in a corruption case involving 74 kilograms of gold and Rp543 billion in cash were conducted according to regulations. The statement was made during a pretrial hearing at the South Jakarta District Court, where police submitted their concluding documents. Febrie's legal team has claimed that investigators violated 40 separate legal provisions in the case.

Wife and Two Children of Drug Lord Ko Erwin to Face Trial Soon for Money Laundering

Indonesian National Police have transferred the money laundering case against the wife and two children of convicted drug lord Erwin Iskandar, also known as Ko Erwin, to the Mataram District Prosecutor's Office. The three suspects are accused of receiving and concealing proceeds from Ko Erwin's narcotics business, with seized assets estimated at Rp15.3 billion. Prosecutors will now prepare the case for trial.

Bank Indonesia Assesses Indonesia's Q2/2026 Balance of Payments Remained Sound Amid Global Uncertainty

Indonesia's balance of payments recorded a much smaller deficit of US$0.9 billion in the second quarter of 2026, compared with US$9.1 billion in the previous quarter. The improvement was supported by a surplus in the capital and financial account, driven by stronger foreign direct and portfolio investment inflows. Foreign exchange reserves stood at US$145.6 billion at the end of June 2026, well above international adequacy standards.

Former PPATK Chief Rebuts Febrie Adriansyah's Claims on Money Laundering Investigation

Former PPATK chairman Yunus Husein testified in a pretrial hearing that money laundering cases can be prosecuted independently without waiting for a final conviction on the predicate offence. He cited Article 69 of the 2010 Anti-Money Laundering Law and referenced a past case involving a former tax official. The testimony challenges the legal arguments put forward by Febrie Adriansyah, who is seeking to have his detention by the Attorney General's Office declared unlawful.

DSI Prepares Natural Resource Export Platform, to Begin Operations 1 September 2026

PT Danantara Sumberdaya Indonesia (DSI) is set to launch its natural resource export governance platform on 1 September 2026, marking the start of its operational mandate as the sole intermediary for natural resource exports. The platform will consolidate export data and integrate with systems from seven ministries and agencies, with an exporter portal to follow in testing phases later in 2026.

Thailand handles Russian woman victim of human trafficking from Myanmar

A Russian woman who fled a scam operation in Myanmar has been formally recognised as a victim of human trafficking by Thai authorities. Maria Ts has been discharged from hospital and placed in a victim assistance centre as part of standard procedure before she can legally leave Thailand. Russian consular staff and volunteers are assisting her return to Russia.

5,000 Civil Servants Deployed to Tackle Forest and Land Fires in Six Provinces

The Ministry of Forestry is deploying 5,000 civil servants to six provinces to combat forest and land fires, with 2,200 assigned to three provinces in Kalimantan. Minister Raja Juli Antoni stated that the deployment responds to rapidly changing hotspot conditions and follows a direct instruction from President Prabowo Subianto. The minister also noted that hotspot numbers in West Kalimantan had fallen to 28 overnight thanks to coordinated efforts involving the military, police, and Manggala Agni firefighting teams.

Hanura Backs Government's Firm Sanctions Against Corporations Involved in Forest Fires

The Hanura Party has voiced support for President Prabowo Subianto's call for strict action against corporations implicated in forest and land fires across Indonesia. Party deputy chairman Patrice Rio Capella urged the government to impose severe sanctions on corporate actors, arguing that such measures are necessary to deter repeat offences. The president has instructed police and prosecutors to investigate and revoke the permits of any company found to be involved in the burning.

Getting to Know the Alilitan Ceremony of Catur Desa Adat Dalem Tamblingan, Buleleng

The Alilitan ceremony, a hereditary tradition of communities around Lake Tamblingan in Buleleng, has been designated as an Intangible Cultural Heritage of Indonesia for 2025. The ritual, held every two years by four traditional villages, embodies local wisdom in safeguarding water sources and purifying the earth. Its roots trace back nearly a millennium, with the tradition formalised as one of 18 Buleleng customs now recognised nationally.

President orders TNI team to tackle hard-to-reach hotspots

President Prabowo Subianto has directed the Indonesian military to deploy specialised tactical units and additional water-bombing helicopters to combat wildfires in South Sumatra. The government is also preparing ground support including excavators and water pumps to reinforce firefighting efforts across 1,900 hectares of burning land. The move comes as authorities warn that forest and land fire risks will peak between August and September 2026 amid the strong El Niño phenomenon.

Pakistan's Military Chief Visits Tehran in Effort to Restore Middle East Security

Pakistan's military chief Asim Munir has visited Tehran as part of Islamabad's ongoing efforts to mediate a resolution to the Middle East conflict. The visit comes amid a stalled peace process between Iran and the United States, with Iranian officials criticising Washington for failing to honour its commitments under a memorandum of understanding brokered by Pakistan.

Several West Sumatra border areas affected by haze from neighbouring provinces' forest fires

The West Sumatra provincial government has reported that several districts bordering neighbouring provinces are experiencing haze from forest and land fires. The affected areas include Pesisir Selatan, Dharmasraya, Sijunjung, Lima Puluh Kota, and parts of Tanah Datar and Solok. Residents have been advised to wear masks and reduce outdoor activities while joint firefighting teams work to extinguish the blazes.

Flobamora West Papua raises Rp167.641 million for Flores earthquake

The Flobamora Grand House Association (PRBF) in West Papua has collected approximately Rp167.641 million in donations to assist victims of the earthquake on Flores Island, East Nusa Tenggara. The fundraising effort, which began on 17 August 2026, has drawn support not only from the NTT diaspora community but also from various other regional associations in Manokwari. The emergency response period following the 7.7 magnitude earthquake runs from 15 to 28 August 2026, with 100 people confirmed dead, 1,603 injured, and 180,327 displaced.

YLBHI Urges Bareskrim to Investigate Alleged Rp58.5 Billion Gold Investment Fraud

The Indonesian Legal Aid Foundation (YLBHI) has called on the National Police's Criminal Investigation Unit (Bareskrim) to thoroughly investigate an alleged gold mining investment fraud worth Rp58.5 billion involving a senior police officer. The case, reported by a Malaysian investor's legal counsel, centres on claims that a police commissioner used his position to build trust and solicit funds for mining operations in North Sulawesi. YLBHI emphasised that the investigation must proceed without regard to rank and serve as a test of the police's internal oversight mechanisms.

Palembang government: Three sub-districts face clean water crisis due to drought

The Palembang city administration has identified three sub-districts—Sukarami, Sematang Borang, and Jakabaring—as experiencing a clean water crisis caused by the prolonged dry season. Mayor Ratu Dewa has called for coordinated relief efforts, including scheduled water distribution. The city is also preparing for potential shifts to online learning and has ordered sub-district offices to establish forest and land fire command posts.

West Jakarta Police Uncover Roles of 11 Counterfeit Money Syndicate Members: From Financier to Printer

West Jakarta Metro Police have arrested 11 members of a cross-regional counterfeit money syndicate, revealing a structured operation with roles ranging from financier to printer. The suspects were apprehended in Jakarta, Bogor, Sukabumi, and Cilacap, with police seizing 15,610 counterfeit Rp100,000 notes worth approximately Rp1.56 billion. Authorities also identified four additional suspects who remain at large.

US plans H-1B work visa fee increase to Rp1.82 billion

The US Department of Homeland Security has proposed raising the H-1B work visa application fee to more than US$103,000. The proposal follows a federal judge's ruling that a previous US$100,000 fee set by President Donald Trump constituted an unlawful tax. Vice President JD Vance has separately said the Labour Department is investigating dozens of alleged fraud cases involving the H-1B programme.

IPL Grand Final becomes test stage for 2026 Asian Games

The Grand Final of the BRI Indonesian Pingpong League Season 2 will serve as a testing ground for Indonesian table tennis athletes preparing for the 2026 Asian Games in Aichi-Nagoya. Ten athletes earmarked for the national contingent, along with two reserves, are competing in the event at Trans Studio Mall Cibubur. Organisers emphasise data-driven objectivity to ensure fair competition.

Febrie's Legal Team Asks Judge for Fair Pretrial Ruling

The legal team of former Junior Attorney General for Special Crimes, Febrie Adriansyah, has urged the South Jakarta District Court judge to deliver a fair pretrial ruling. They argue the case should serve as a precedent to correct law enforcement practices that violate procedure. The pretrial motion challenges the legality of Febrie's detention, not the substance of the money laundering case involving 74 kg of gold and Rp543 billion in cash.