Indonesian Political, Business & Finance News

Archive: 1 September 2026

Showing 1,201-1,250 of 1,567 articles

Muhadjir Effendy Testifies in 2023-2024 Hajj Quota Corruption Trial

Former Coordinating Minister for Human Development and Culture, Muhadjir Effendy, appeared as a witness in the corruption trial regarding the 2023-2024 Hajj quota. The case involves allegations of significant state losses and illegal trading of Hajj quotas involving high-ranking officials.

Sahroni Pleased with Attorney General's Office Seizure of Rp 338 Billion Corruptor Assets: Utilise to the Greatest Extent for the People!

Ahmad Sahroni, Vice Chairman of Commission III of the Indonesian House of Representatives, has expressed his support for the Attorney General's Office following the seizure of Rp 338.3 billion in assets linked to bauxite mining corruption. He emphasised that such seizures are crucial for recovering state losses and ensuring that criminal proceeds are repurposed for public welfare.

19 Companies Identified as Culprits in Indonesian Forest Fires, Causing Rp5.3 Trillion Loss to State

The Indonesian Ministry of Environment has identified 19 companies suspected of causing forest and land fires across several provinces. These environmental violations have resulted in an estimated economic and environmental loss of Rp5.3 trillion to the state.

Cipayung Highway Repairs in Depok Set for Completion by October 2026 with Rp 1.7 Billion Budget

The Depok City Government has announced that the road improvement project on Jalan Raya Cipayung is expected to be finished by October 2026. The project, valued at Rp 1.7 billion, involves road widening and the installation of sheet piles to strengthen river walls.

DJPb Records State Revenue in Papua Reaching Rp3.43 Trillion up to July 2026

The Directorate General of Treasury (DJPb) in Papua has reported that state revenue reached Rp3.43 trillion by the end of July 2026. This figure comprises tax revenues and Non-Tax State Revenue (PNBP), as the government works towards an annual target of Rp6.7 trillion for the region.

Gus Yahya focuses on interfaith dialogue and strengthening Islamic movements

Former Chairman of the Nahdlatul Ulama (PBNU), K.H. Yahya Cholil Staquf, has announced his intention to focus on interfaith dialogue and the promotion of 'Humanitarian Islam'. He plans to utilise international institutions, such as the Centre for Shared Civilisational Values, to manage global religious forums.

These Listed Companies are Supporting Indonesia's Dream of Becoming a Global EV Player: INCO-VKTR

Various companies listed on the Indonesia Stock Exchange are playing pivotal roles in the nation's electric vehicle (EV) ecosystem, ranging from nickel mining to charging infrastructure. While some firms are already supplying battery materials, others are still developing projects to support Indonesia's ambition to become a global EV leader.

Yahya Cholil Staquf: They Said It's an Order from the President

Yahya Cholil Staquf has addressed rumours regarding political interference in the upcoming PBNU leadership election for the 2027-2032 term. Despite claims from rival campaign teams that President Prabowo Subianto had endorsed a specific candidate, the President has explicitly stated he is not involved in the decision-making process.

Satgas PASTI Halts YWWSDC and RTHAE Over Alleged Illegal Investments

The Financial Services Authority's Illegal Financial Activities Task Force (Satgas PASTI) has suspended the operations of YWWSDC and RTHAE due to unauthorised crypto-asset investment offerings. The entities were found to be operating without OJK permits and making false claims regarding their regulatory status.

BPS: Monthly Inflation Reaches 0.21 Per Cent in August 2026

Indonesia's monthly inflation rate rose to 0.21 per cent in August 2026, driven primarily by increases in food, beverages, and tobacco. While core inflation and volatile food prices saw upward pressure, deflation was observed in government-administered prices, particularly in airfares and fuel.

Confirmed! House of Representatives Appoints Destry Damayanti as Governor of Bank Indonesia

The Indonesian House of Representatives (DPR RI) has officially approved Destry Damayanti as the Governor of Bank Indonesia following a successful fit and proper test. The decision was finalised during a plenary session led by Speaker Puan Maharani, alongside the appointment of two Deputy Governors.

Ministry of Creative Economy Strengthens Fine Arts Ecosystem through Jakarta Biennale 2026

The Indonesian Ministry of Creative Economy is set to bolster the national fine arts subsector by supporting the Jakarta Biennale 2026. This initiative aims to drive economic growth and enhance the international competitiveness of Indonesian artists following a significant surge in the subsector's export value.

Four Officers at West Manggarai Police Station Rotated, Iptu Nadhira Appointed as Traffic Unit Head

The West Manggarai Police Station in East Nusa Tenggara has undergone a leadership rotation involving four officers. The reshuffle aims to maintain organisational dynamics and enhance public service quality, particularly in the Labuan Bajo tourism area.

Gold Prices Today, 1 September 2026: Antam Products Decline, Global Markets Vary

The price of Antam gold bullion has decreased by Rp 6,000 per gram to reach Rp 2,664,000 per gram. Meanwhile, global gold prices remain volatile as investors monitor geopolitical tensions in the Middle East and upcoming US economic data.

East Kalimantan Ready to Host 2026 Batch II Regional Kalimantan Local Government Appreciation

East Kalimantan has been appointed as the host for the 2026 Batch II Regional Kalimantan Local Government Appreciation event, originally planned for West Kalimantan. The event, scheduled to take/take place in Balikpapan, aims to recognise high-performing regions and strengthen synergy between regional leaders across Kalimantan.

Indonesia's Trade Balance Returns to Surplus in July 2026, Reaching US$110 Million

Indonesia recorded a trade surplus of US$110 million in July 2026, driven by a 6.05% growth in exports. While non-oil and gas exports saw an increase, the oil and gas sector experienced a significant decline of 14.58%.

QRIS elevates MSMEs in Ambon

The implementation of the Quick Response Code Indonesian Standard (QRIS) is transforming the way micro, small, and medium enterprises (MSMEs) in Ambon conduct transactions. In collaboration with Bank Indonesia, the Ambon City Government is actively promoting digital literacy to integrate local traders into the modern digital economy.

Destry Damayanti Appointed BI Governor, Will Focus on Maintaining Stability

The Indonesian Parliament has officially appointed Destry Damayanti as the Governor of Bank Indonesia for the 2026-2031 term. Following her appointment, she intends to prioritise economic stability and inflation control to navigate ongoing global economic uncertainties.

Forest and Land Fires in South Sumatra Declining, BNPB: 67.06 Hectares Remaining

The National Disaster Management Agency (BNPB) reports that the area affected by forest and land fires in South Sumatra has decreased to 67.06 hectares. Intensive ground and air operations involving over 11,000 personnel are currently focused on cooling down remaining hotspots to prevent re-ignition during the El Niño season.

KPK Prosecutors to Present 303 Witnesses in Hajj Quota Case, Verdict Expected in December

Prosecutors from the Corruption Eradication Commission (KPK) plan to call 303 witnesses to testify in the trial regarding alleged corruption in the 2023-2024 additional Hajj quota. The case involves high-profile defendants, including the former Minister of Religious Affairs, and is expected to reach a verdict by late December.

West Jakarta Administration Prepares Temporary Steel Bridge for Pedestrians in Tegal Alur

The West Jakarta administration is set to construct a temporary steel wide flange (WF) bridge in Tegal Alur to maintain pedestrian access during ongoing local projects. The new structure is designed to replace an existing wooden bridge with a more robust alternative, ensuring safer passage for residents.

KPK Seizes Luxury House of Bengkulu Regional Councillor Vinna Ledy in Bribery Case

The Corruption Eradication Commission (KPK) has seized a luxury residence in South Jakarta belonging to Bengkulu City Councillor Vinna Ledy Anggraheni. The seizure is part of an ongoing investigation into alleged bribery involving goods and services procurement in the Rejang Lebong Regency and other areas of Bengkulu Province.

NTT Governor Urges Earthquake Relief to Reach All Displaced Persons

The Governor of East Nusa Tenggara, Melki Laka Lena, has called for the equitable distribution of earthquake relief across all evacuation centres in Flores. He emphasised the need to prioritise basic necessities such as clean water and sanitation to prevent health risks and ensure no community is left behind due to accessibility issues.

Danantara Transforms PalmCo Business Model to Target Global Markets

The Chief of SOE Agency and COO of Danantara, Dony Oskaria, has announced a strategic transformation for PalmCo to expand its presence in the international palm oil industry. The strategy focuses on increasing export capacities using domestic supply surpluses and establishing overseas refineries to enhance product value.

Indonesian Economy Experiences 3.19 Per Cent Annual Inflation in August 2026

The Indonesian economy recorded a year-on-year inflation rate of 3.19 per cent in August 2026, according to data from BPS-Statistics Indonesia. The Consumer Price Index rose significantly compared to the same period in the previous year.

Three False Gharial Hatchlings Rescued After Hatching in West Kalimantan

The Indonesian Ministry of Marine Affairs and Fisheries has successfully rescued three endangered false gharial hatchlings in West Kalimantan. The operation was launched to protect the rare species from potential trafficking and to monitor the health of the Mempawah Hulu River ecosystem.

BPS: Indonesian Exports Grow 6.05% to US$26.2 Billion in July 2026

Indonesia's export performance saw a significant boost in July 2026, rising by 6.05% year-on-year to reach US$26.2 billion. While non-oil and gas exports drove this growth, the oil and gas sector experienced a sharp decline.

Penetrating the Kanekes Wilderness: PNM Proves Empowerment Reaches Baduy Land

PT Permodalan Nasional Madani (PNM) has successfully extended its Mekaar microfinance programme to the remote Baduy Outer community, providing essential capital to local women entrepreneurs. The initiative aims to bridge the financial inclusion gap in geographically isolated areas by supporting small-scale agricultural and craft businesses.

Entrepreneurs Unfazed by Sluggish Market, Factory Production Continues

Indonesia's manufacturing industry remains in an expansion phase despite a slight decline in the Industrial Confidence Index (IKI) for August 2cap26. While new orders have weakened, production levels have reached their highest point since June 2026 as businesses maintain output in anticipation of economic recovery.

Puan Reveals DPR Passed 16 Bills into Law Throughout 2025-2026

The Speaker of the House of Representatives, Puan Maharani, announced that 16 bills were successfully enacted into law during the 2025-2026 period. The report also detailed the ongoing legislative workload, including numerous bills currently in various stages of drafting and harmonisation.

Viral Indecent Act: CCTV and Speakers to be Installed at Merjosari Park, Malang

Following a viral video of an indecent act in Merjosari Park, Malang, local authorities are planning to install CCTV cameras and loudspeakers to deter future misconduct. The Malang City Civil Service Police Unit (Satpol PP) aims to use voice announcements to warn individuals in real-time.

Pertamina Raises Prices of Pertamax Turbo, Dexlite, and Pertamina Dex

State-owned oil company Pertamina Patra Niaga has implemented price increases for several non-subsidised fuel products, including Pertamax Turbo, Dexlite, and Pertamina Dex, effective from 1 September 2026. The adjustments follow a government-mandated pricing formula that considers global crude oil prices, the rupiah exchange rate, and domestic purchasing power.

Uncertainty Becomes a Barrier to US Investment in ASEAN

Regulatory unpredictability and shifting US tariff policies are significantly hindering long-term investment from American companies into Indonesia and the wider ASEAN region. The US-ASEAN Business Council emphasises that predictable regulations and transparent consultation processes are essential for maintaining regional competitiveness and attracting capital.

Regulatory Uncertainty Hinders US Investment into ASEAN

US investors in Indonesia and across ASEAN are facing significant hurdles due to unpredictable domestic regulations and shifting US tariff policies. The US-ASEAN Business Council warns that a lack of transparency and predictable rules makes long-term investment planning difficult for American firms.

House of Representatives Completes 16 Bills During 2025–2026 Legislative Year

The Indonesian House of Representatives (DPR RI) has successfully passed 16 bills into law during the 2025–2026 legislative session. Key legislation includes new laws regarding State-Owned Enterprises (BUMN), the national budget, and the protection of domestic workers.

Chairman of Denpasar District Court Officially Changed, Putu Gde Novyartha Promises to Uphold Integrity

Putu Gde Novyartha has been officially inaugurated as the new Chairman of the Denpasar District Court, succeeding Iman Luqmanul Hakim. Novyartha has pledged to maintain judicial integrity and focus on tackling the rising number of corruption and online gambling cases in the region.

Official: Fuel Price List at Pertamina, Shell, and BP Stations as of 1 September

Major fuel providers including PT Pertamina, Shell Indonesia, and BP-AKR have implemented price increases for several non-subsidised fuel products. While diesel and high-octane petrol prices have risen, prices for subsidised fuels and certain petrol grades remain unchanged.

How to Access the Latest Five Volumes of Indonesian History Books: Content and Links

The Ministry of Culture has officially launched the first five volumes of 'Indonesian History: National Dynamics in Global Currents', available digitally via the Pustaka Budaya platform. The comprehensive work, authored by 123 experts, aims to foster critical thinking and a deeper understanding of Indonesia's historical evolution from ancient civilisation to the colonial era.

United Tractors (UNTR) Profits Plummet 88%, Here Are the Causes

PT United Tractors Tbk (UNTR) has reported a significant decline in net profit for the first half of 2026, dropping 88% year-on-year. The downturn is driven by falling revenues and increased operational expenses, alongside substantial losses from investment impairments.

BPS Records 0.21 Per Cent Inflation in August 2026, Driven by Prices of Bird's Eye Chilli and Tobacco

Indonesia's Central Statistics Agency (BPS) reported a monthly inflation rate of 0.21 per cent for August 2026. The increase was primarily driven by rising costs in the food, beverage, and tobacco group, specifically involving chicken meat, bird's eye chilli, and fresh fish.

Causes of August Inflation at 0.21%: Prices of Rice, Chicken, and Chillies Rise

Indonesia's inflation rate rose by 0.21% month-on-month in August 2026, driven primarily by rising costs in the food, beverage, and tobacco sectors. Key contributors to this inflationary pressure include the increasing prices of rice, chicken, and various types of chillies.

National Food Agency Head Urges Task Force to Sweep Rice Sales to Ensure Compliance with Price Ceilings

The Head of the National Food Agency, Andi Amran Sulaiman, has instructed a dedicated task force to monitor rice markets to ensure prices do not exceed the government-mandable maximum retail price (HET). The crackdown aims to stabilise supply and penalise traders found violating price regulations across 13 provinces.

Russian Missiles and Drones Strike Ukrainian Capital, Killing 4 and Wounding Dozens

A massive wave of Russian missile and drone attacks has struck Kyiv and surrounding areas, resulting in at least four deaths and numerous injuries. The escalation occurs as Ukrainian children return to school and officials heighten security measures amid ongoing threats to critical infrastructure.

Puan: House of Representatives to Use Criticism as a Driver for Self-Improvement

The Speaker of the House of Representatives, Puan Maharani, has stated that the DPR is open to public criticism and feedback. She emphasised that such input should be viewed as a tool for democratic engagement to help the legislature improve its legislative, budgetary, and supervisory functions.

Pertamina Patra Niaga Adjusts Prices for Pertamax Turbo and Dex Series, Ensures Quality Maintenance

PT Pertamina Patra Niaga has announced price adjustments for several non-subsidised fuel products, including Pertamax Turbo, Pertamina Dex, and Dexlite, effective from 1 September 2026. The price changes are based on government-mandated formulas considering global crude oil prices, the Rupiah exchange rate, and taxation.

Türkiye, Pakistan, and Saudi Arabia to Form Mecca Defence Pact Secretariat

Türkiye, Pakistan, and Saudi Arabia have agreed to establish a secretariat to institutionalise defence cooperation under the Mecca Defence Pact. The new body, to be based in Saudi Arabia, aims to strengthen regional stability and collective defence capabilities.

Thieves Use Broken Glass Method in Depok, Car ECUs Stolen

Two vehicles, including a Gran Max pickup and a blind van, were broken into by thieves using the broken glass method in Limo, Depok. The perpetrators successfully stole two electronic control units (ECUs), resulting in losses of approximately Rp 13 million.

OGA 2026 Positions Kuala Lumpur as the Regional Marketplace for Southeast Asia's Energy Growth

The Oil & Gas Asia (OGA) 2026 exhibition is set to convene industry leaders in Kuala Lumpur to address the rapidly growing energy demand in Southeast Asia. The event aims to foster regional collaboration, driving investment and innovation across the energy value chain, including upstream and downstream operations.

DPR Commission VII to Discuss 2027 Ministry and Agency Work Plans and Budgets Today

Indonesia's House of Representatives (DPR) Commission VII is scheduled to hold a hearing with several national agencies, including ANTARA and BSN, to discuss work plans and budgets for the 2027 fiscal year. The session will also address programmes funded by Special Allocation Funds (DAK) based on technical criteria set by the commission.

Former North Minahasa Regent Arrested Following Corruption Fugitive Status

The North Sulawesi High Prosecutor's Office has apprehended Vonnie Anneke Panambunan, the former Regent of North Minahasa for the 2016-2021 period. She was wanted in connection with an alleged corruption case involving land procurement for a hospital in the North Minahasa Regency.