Indonesian Political, Business & Finance News

Archive: 14 September 2026

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Jasa Raharja prepares Rp70 million compensation for heirs of KM Virgo victims

PT Jasa Raharja and PT Asuransi Jasaraharja Putera have announced a combined compensation package of Rp70 million for the legal heirs of passengers killed in the KM Virgo Transport 8 incident. The funds will cover death benefits and medical expenses, alongside coverage for damaged vehicles transported on the vessel.

MUI Bekasi and 25 Islamic Organisations Seek Support from Local Government and Police to Oppose LGBTQ

The Indonesian Ulema Council (MUI) in Bekasi Regency, alongside 25 Islamic organisations, has issued a formal statement rejecting LGBTQ+ behaviours. The group is calling for support from the local government and police to implement preventive measures to protect national morality and family resilience.

Mount Semeru Erupts Three Times This Morning, Eruption Height Reaches 1,000 Metres

Mount Semeru in East Java experienced three consecutive eruptions on Monday morning, with volcanic plumes reaching heights of 1,000 metres. Authorities have maintained the volcanic alert level at Level III (Alert) and advised residents to remain vigilant against potential pyroclastic flows and cold lava floods.

BYD to Implement Solid-State Batteries in Vehicles Starting 2027

BYD has announced plans to begin integrating advanced solid-state battery technology into its vehicle lineup, with initial demonstrations expected as early as next year. The company aims for small-scale testing involving 1,000 vehicles by 2027, focusing on high-end platforms such as Yangwang and Denza.

One Deceased and 15 Survivors of Virgo Ship Evacuated to Banjarmasin

Search and rescue operations continue following a maritime incident involving the KM Virgo Transport 8, with recent evacuations bringing more survivors and one fatality to Banjarmasin. Authorities report that 130 individuals remain missing as rescue efforts persist.

ChatGPT Owner Accused of Stealing Scientist's Research to Claim AI Breakthrough

OpenAI is facing allegations of misappropriating scientific research after claiming its AI agents solved the complex Navier-Stokes equations. Mathematicians express concern that such practices could undermine the culture of open scientific inquiry and discourage researchers from sharing their work.

One Fatality Reported as Virgo Transport 8 Ship Arrives in Banjarmasin

The remains of one victim from the sunken Virgo Transport 8 vessel have arrived at Trisakti Port in Banjarmasin following a search in the Java Sea. While many passengers have been rescued, authorities are still searching for 130 missing individuals, and the Minister of Transport has pledged a full investigation into the incident.

Landslides Hit 7 Villages in Central Aceh: 1 Dead, Dozens Injured

Heavy rainfall triggered devastating landslides across seven villages in Central Aceh, resulting in one fatality and thirteen injuries. The disaster has caused significant damage to residential properties and blocked several national, provincial, and district roads.

Foreign Investors Sell Rp3.36T in Shares Over One Week, BBCA Faces Pressure

Foreign investors recorded a net sell of Rp3.36 trillion in the Indonesian stock market between 7-11 September 2026, contributing to a 1.66% decline in the JCI. PT Bank Central Asia Tbk (BBCA) saw the largest outflow, with net foreign selling reaching Rp1.48 trillion.

Mount Semeru erupted three times on Monday morning, eruption height reaches one km

Mount Semeru, located on the border of Lumajang and Malang, experienced three separate eruptions on Monday morning, with volcanic ash columns reaching up to 1,000 metres above the peak. Authorities have maintained the volcano's status at Level III (Alert), advising residents to avoid activities within a 5 km radius of the crater.

Indonesia Urges Transactions Without US Dollar in BRICS Forum

During the BRICS Finance Ministers and Central Bank Governors meeting in Mumbai, Indonesia advocated for the practical implementation of local currency transactions and cross-border payment connectivity. The initiative aims to reduce global economic dependence on the US dollar and enhance financial resilience amidst geopolitical tensions.

Police State Exploitation of Children for Riots is a Recurring Practice, Citing Financial Motives

The Metro Jaya Regional Police have uncovered evidence that minors are being systematically recruited and paid to participate in violent protests. Three suspects have been detained for exploiting children with small monetary incentives, highlighting a recurring pattern of child exploitation during civil unrest.

Body of KM Virgo Accident Victim Arrives in Banjarmasin on Monday Morning

The body of a male victim from the KM Virgo Transport 8 accident has been recovered and brought to Trisakti Port, Banjarmasin. Search and rescue operations continue in the Masalembo waters, with authorities still searching for 130 missing individuals.

Witnessing the Impact of Forest Fires: Vice President's Visit to Orangutan Rehabilitation Centre Deemed Crucial

Vice President Gibran Rakabuming Raka's visit to the Borneo Orangutan Survival Foundation (BOSF) in Central Kalimantan highlights the severe impact of forest fires on wildlife. The visit underscores the need for more systematic government policies, including improved early warning systems and enhanced disaster budget support to protect national biodiversity assets.

Ugandan National Detained in Tabanan After Entering Residents' Homes in Disoriented State

A Ugandan national has been detained by joint authorities in Tabanan, Bali, after repeatedly entering local residents' homes while in a disoriented state. Investigations suggest the individual was experiencing psychological distress due to personal relationship issues and lacked valid travel documents.

Folago (IRSX) Partners with iQIYI to Strengthen Digital Content and Advertising Business

PT Folago Global Nusantara Tbk (IRSX), through its subsidiary PT Folago Pictures Indonesia, has entered into a memorandum of understanding with iQIYI International. The partnership aims to expand regional content production and digital advertising capabilities over the next three years.

Legal Proceedings to Continue Despite Abah Setu's Apology, Police Summon Complainant

Police in Bekasi are proceeding with the investigation into Asep Setiawan, known as Abah Setu, for alleged insults against Prophet Muhammad SAW. Although the leader of Majelis Dzikir Nurul Hikam has issued a formal apology and pledged to cease controversial activities, the legal process remains active as no official report withdrawal has been filed.

Danamon Proyeksi Ekonomi Indonesia Tumbuh 5,2% di Tengah Perlambatan Global

PT Bank Danamon Indonesia Tbk projects that Indonesia's economy will maintain a growth rate of approximately 5.2% in 2026, despite global economic pressures and slowing growth. The projection highlights that domestic investment, downstreaming industries, and the digital economy will serve as primary drivers for national economic resilience.

Gold Prices Predicted to Experience Limited Decline, Here is the Weekly Forecast

Gold prices are expected to fluctuate within the range of Rp 2.45 million to Rp 2.75 million per gram in the coming week. This prediction is driven by anticipated US interest rate hikes and heightened geopolitical tensions in the Middle East, Eastern Europe, and Africa.

From Celine Dion's concert to Samsung Galaxy A08 specifications

A roundup of recent news highlights the inauguration of the revitalised Mohammad Hatta-Sjahrir Museum by the Minister of Culture. The report also covers global updates in entertainment, technology, and the automotive industry.

Chilling Testimony: The Moments the Virgo Ship Tilted and Sank

A survivor of the Virgo Transport 8 shipwreck has shared a harrowing account of the vessel's rapid sinking on the Surabaya-Banjarmasin route. The incident has resulted in 153 passengers being accounted for, with six fatalities confirmed following the maritime disaster.

Gold Prices Predicted to Face Volatility This Week

Gold and silver prices are expected to face significant fluctuations this week as investors await the US Federal Reserve's interest rate decision. While Chinese demand provides some support, rising US inflation and potential interest rate hikes pose a bearish threat to precious metals.

107 Passengers of KMP Virgo Safe, Chronology of Incident Revealed

The Indonesian government has confirmed the successful evacuation of 107 passengers following the KMP Virgo Transport 8 accident. While 107 survivors have been rescued, search operations continue for 136 missing passengers, and six fatalities have been confirmed.

Facts Regarding the Capsizing of the Virgo Ship in the Java Sea

The Virgo Transport 8 vessel, travelling from Surabaya to Banjarmasin, capsised in the Java Sea following severe weather, resulting in 107 survivors and six fatalities. Search and rescue operations involving Basarnas and various naval vessels are ongoing to manage the aftermath of the maritime disaster.

Heartbreaking: Last Chat of Missing KM Virgo Passenger Reveals Plans to Celebrate Wedding Anniversary

The family of a passenger missing following the KM Virgo Transport 8 shipwreck has shared poignant final messages sent before the vessel capsised. The passenger, a truck assistant, was in communication with his wife regarding their upcoming fifth wedding anniversary before the accident occurred in the Java Sea.

Basarnas conducts search for 243 passengers aboard Virgo Ship

The National Search and Rescue Agency (Basarnas) has launched an extensive operation to locate 243 passengers after the Virgo Transport 8 vessel lost contact in the Java Sea. Amidst the ongoing search, six fatalities have been confirmed, while several survivors have been successfully evacuated.

The Excitement of Riding a Lorrie in Madukismo Bantul While Observing Sugar Production

Madukismo Sugar and Spirit Factory in Bantul offers an agrotourism experience where visitors can ride a steam-powered sugarcane trolley to observe the production process. The initiative aims to educate the public, particularly school children, on industrial manufacturing processes.

Heading to Vote, Only to be Shot! 3 Dead Ahead of Elections in Muslim Region

A violent shooting in the Bangsamoro Autonomous Region in Muslim Mindanao, Philippines, has left three people dead and 15 injured just hours before the first direct parliamentary elections. The incident, sparked by a dispute between rival political factions over queue positions, highlights the ongoing security challenges in the region's peace process.

CEO of Mining Consultant Allegedly Embezzled Rp 3.3 Billion in Taxes

The Director of PT GR has been handed over to the Central Jakarta District Attorney following allegations of tax evasion involving Rp 3.32 billion. The suspect is accused of failing to remit VAT collected from clients, instead using the funds to cover company operational costs and debts.

KPAI Reveals Methods of Child Exploitation for Riots, Urges Vigilance

The Indonesian Commission for the Protection of Children (KPAI) has warned of increasing tactics used to exploit minors for involvement in civil unrest. The commission highlights that recruiters use financial incentives and digital grooming to manipulate vulnerable children, prompting calls for a thorough investigation into the organisers.

Images of KM Virgo Capsizing After Being Hit by Large Waves in the Open Sea

The KM Virgo Transport 8 vessel capsized in the Masalembo waters of the Java Sea while en route from Surabaya to Banjarmasin. While 107 passengers and crew have been rescued, six fatalities have been confirmed, and search operations continue for 130 missing individuals.

Found Jerrycans and Life Jackets in Sunda Strait Do Not Belong to Missing Journalists

Banten Regional Police have confirmed that recently discovered items in the Sunda Strait, including life jackets and jerrycans, are not linked to the five journalists missing near Mount Anak Krakatau. Search operations for the KM Arupadhatu 1 have been expanded across six sectors covering over 6,000 square nautical miles.

MV Haida Delivers 69 Survivors of Virgo Ship to Trisakti Port, Banjarmasin

The MV Haida has arrived at Trisakti Port in Banjarmasin, carrying 69 survivors rescued from the Virgo Transport 8 vessel in the Java Sea. Emergency medical teams have established a triage system to provide urgent care to those with varying degrees of injuries.

Update on Virgo Transport 8: MV Haida Delivers 69 Survivors to Banjarmasin Port

Sixty-nine survivors of the Virgo Transport 8 shipwreck have been evacuated to Trisakti Port in Banjarmasin for emergency medical treatment. The Minister of Transportation has pledged a thorough investigation into the incident as search operations continue for over 130 missing passengers.

Prabowo Brings Three Key Messages to 2026 BRICS Summit

President Prabowo Subianto has presented three core pillars to the BRICS Summit, focusing on national self-reliance, Global South unity, and enhanced BRICS cooperation. The Indonesian leader emphasised the importance of food, energy, and educational resilience to ensure the nation remains independent of external pressures while advocating for a more inclusive global governance structure.

Saudi Pipeline Closure Drives Global Oil Prices to US$107

Global oil prices have surged following the closure of Saudi Arabia's critical East-West pipeline due to drone attacks. The disruption, coupled with heightened tensions in the Strait of Hormuz, has pushed Brent crude to over US$107 per barrel.

Basarnas Makassar Deploys KN SAR Kamajaya to Assist Search for KMP Virgo

The Makassar Search and Rescue (Basarnas) office has deployed the KN SAR Kamajaya vessel to conduct search and rescue operations following the loss of contact with the KMP Virgo Transport 8 in the Java Sea. The ferry, which was travelling from Surabaya to Banjarmasin, is suspected to have sunk due to severe weather, leaving 130 individuals still missing.

Indonesia Mobilises All Maritime Agencies to Search for Virgo Transport 8 Victims

Indonesian maritime agencies, including the military, police, and Basarnas, have launched a large-scale search and rescue operation following the sinking of the Virgo Transport 8 in the Java Sea. While 107 survivors have been rescued, authorities are still searching for 130 missing passengers, with six fatalities confirmed so far.

Three Dead, 15 Injured in Inter-Faction Political Shooting Ahead of First BARMM Elections in Philippines

A violent shooting between competing political factions has left three people dead and 15 injured in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). The incident occurred just hours before the opening of polling stations for the region's first-ever parliamentary elections.

Tax Directorate General Collects Rp140.88 Billion from Law Enforcement in East Java

The East Java II Regional Office of the Directorate General of Taxes has secured Rp140.87 billion in state revenue through intensified tax law enforcement. This achievement was driven by the utilisation of digital forensics, intelligence, and advanced data technology to target non-compliant taxpayers.

KMP Virgo Transport 8 Accident: Search Continues for 136 Missing Passengers

Indonesia's Minister of Transportation, Dudy Purwagandhi, has ordered an urgent search and rescue operation following the KMP Virgo Transport 8 accident in the Java Sea. While 107 survivors have been evacuated, authorities are still searching for 136 missing passengers, with the KNKT tasked to investigate the cause of the maritime tragedy.

Latest Portrait of Putin's Fury: Kyiv Rain with Missiles

A massive missile strike on Kyiv has caused significant fires in warehouses and injured several individuals. The attack highlights Ukraine's ongoing struggle with air defence shortages and the urgent need for advanced interceptor systems.

Mining Consultant Boss Faces 6-Year Prison Sentence for Rp38.4 Billion Tax Fraud

The Central Jakarta Regional Office of the Directorate General of Taxes has criminalised the President Director of PT GR for allegedly failing to remit VAT collected from mining services. The tax evasion, involving transactions worth Rp38.42 billion, has resulted in state losses exceeding Rp3.3 billion.

Five Key Messages from Prabowo at the BRICS Summit: From the Bandung Spirit to Indonesia's Refusal to be Dictated

During the 18th BRICS Summit in India, President Prabowo Subianto emphasised the importance of global South solidarity and the need for United Nations reform. He highlighted Indonesia's commitment to national self-sufficiency through food and energy security while asserting that the nation will not be dictated to by any single global power.

Pre-trial Ruling for Lodewyk Pusung to be Delivered Today

The South Jakarta District Court is set to deliver its verdict on the pre-trial motion filed by Lodewyk Pusung, the former Deputy Head of the National Nutrition Agency. The motion alleges procedural irregularities and case manipulation by the Attorney General's Office regarding corruption allegations in the Free Nutritious Meal programme.

69 Survivors from Virgo Ship Evacuated to Banjarmasin Port

Sixty-nine survivors from the Virgo Transport 8 vessel have been brought to Trisakti Port in Banjarmasin following an evacuation from the Java Sea. Medical teams have implemented a triage system to manage casualties ranging from minor injuries to critical conditions as search efforts continue.

Pertamina Hosts MotoGP Public Viewing Event Ahead of 2026 Mandalika Race

State-owned energy company PT Pertamina has organised a public viewing of the San Marino MotoGP to build momentum for the upcoming Pertamina Grand Prix of Indonesia. The initiative aims to stimulate regional economic growth and promote sports tourism in the Mandalika area through increased public engagement.

Bloodbath or Profit? 11 Critical Indicators Await: The Fed and Indonesia's Debt

The Indonesia Composite Index (IHSG) closed lower on Friday, following a period of volatility driven by global market pressures. Investors are now bracing for a week of significant economic data, including US inflation trends, Federal Reserve interest rate expectations, and Indonesia's foreign debt reports.

7 Facts Behind the Virgo Transport 8 Incident After Losing Contact in the Java Sea

The Virgo Transport 8 vessel, which was carrying 243 passengers, has lost contact in the Java Sea following reports of severe weather and a listing condition. The incident has drawn significant attention due to the vessel's age and its recent arrival in Indonesian waters.

House of Representatives Highlights Controversy Over Regional Bond Issuance, Issues Warning

The Indonesian House of Representatives (DPR) has called for direct mediation between the Jakarta Provincial Government and the Ministry of Finance regarding the proposed issuance of regional bonds. Lawmakers emphasised that the feasibility of the Rp5.6 trillion bond must be assessed based on fiscal capacity and project productivity rather than mere perception.