Indonesian Political, Business & Finance News

Archive: 21 September 2026

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Strategies to Counter the Onslaught of Artificial Intelligence

As Artificial Intelligence reshapes the global workforce, experts at the Indonesia Human Capital & Beyond Summit 2026 emphasise the importance of a 'People-Centric AI' approach. The discussion highlights that rather than replacing humans, AI should serve as a co-pilot to enhance productivity through human ingenuity, empathy, and strategic collaboration.

BPS records price increases for medium and premium rice

The Indonesian Central Statistics Agency (BPS) has reported a rise in both medium and premium rice prices during the third week of September 2026. Significant price hikes were observed in several regions, particularly in Papua Pegunungan, which could impact annual inflation rates.

Argo Sindoro and Argo Merbabu Trains Discontinued, Merged into Muria Train Starting October 2026

PT Kereta Api Indonesia (Persero) Daop 4 Semarang has announced the merger of the Argo Sindoro and Argo Merbabu executive train services into a single brand, KA Muria. The rebranding aims to simplify the service identity for the Semarang–Jakarta corridor and make ticket booking more intuitive for passengers.

Trade Minister: Government Committed to Maintaining Public Purchasing Power Stability

Indonesian Trade Minister Budi Santoso has reaffirmed the government's commitment to stabilising essential commodity prices and protecting consumer purchasing power. During a market visit in Sleman, the Minister noted that while most staple prices remain stable, the government continues to monitor fluctuations in commodities such as bird's eye chilli.

Stock Recommendations and JCI Movement Today, Monday 21 September 2026

Analysts predict a potential decline in the Jakarta Composite Index (JCI) today due to global market pressures following signals of higher interest rates from the US Federal Reserve. Despite the downward trend, specific stocks such as BBCA, KLBF, and TLKM have been identified as potential buy opportunities.

8 New Updates on the Arab War! US-Iran Tensions Rise, Saudi-Yemen Conflict Intensifies

Escalating conflicts between Iran and the US, alongside intensified fighting between Saudi Arabia and Houthi rebels in Yemen, are putting significant pressure on global energy markets. Amidst this instability, diplomatic eyes are turning to China's potential role in mediating the crisis and the upcoming high-level talks between US President Donald Trump and Chinese President Xi Jinping.

Iran-US Conflict Shifts to Digital, Targeting American Data Warehouses

Iranian drones have reportedly targeted Amazon Web Services (AWS) data centres in the United Arab Emirates and Bahrain, causing permanent data loss for some customers. The attacks have resulted in significant infrastructure damage, affecting power supplies and structural integrity across multiple availability zones.

Divers find two victims of KM Virgo 8, evacuated by HR-3601 helicopter

Search and rescue teams have recovered two male victims from the wreckage of the KM Virgo Transport 8 in the Java Sea. The bodies were evacuated via helicopter to Banjarmasin for identification as the search for the remaining missing passengers continues.

Suahasil Delivers Key Messages to Tax and Customs Officials

Finance Minister Suahasil Nazara has urged officials within the Directorate General of Taxes and Customs to proactively monitor economic trends and taxpayer behaviour. She emphasised the importance of building a credible tax system and strengthening oversight to prevent illegal activities and support sustainable state finances.

At SKB, Out-of-School Children Find a Space to Reclaim Hope

Indonesia's Deputy Minister of Social Affairs, Agus Jabo Priyono, highlighted the vital role of Learning Activity Centres (SKB) in providing educational access to underprivileged children. The initiative represents a collaborative effort between the Ministry of Social Affairs and the Ministry of Primary and Secondary Education to break the cycle of poverty through education.

Rano Karno Proud of Pramono Presenting Future Visions at World Cities Forum

Jakarta Deputy Governor Rano Karno expressed his pride in Governor Pramono Anung's participation in the Urban 20 Mayors Summit in New York. The forum serves as a platform for Pramono to share Jakarta's experiences regarding public transport, climate resilience, and urban sustainability on a global stage.

List of Gold Prices for Galeri24, Antam, and UBS at Pegadaian on Monday

Gold prices for Galeri24, Antam, and UBS brands at Pegadaian were recorded at Rp2,578,000, Rp2,668,000, and Rp2,603,000 per gram respectively on Monday morning. The prices are subject to change at any time based on market fluctuations.

Regular Jumbo Dividends, So Why Is Low Tuck Kwong Relinquishing BYAN to Haji Isam?

The planned transfer of 10 billion shares of PT Bayan Resources Tbk (BYAN) to Haji Isam has raised questions regarding the motivations of founder Low Tuck Kwong. Despite receiving massive dividends totalling over Rp47 trillion since 2018, Low is proceeding with a conditional share purchase agreement with the Jhonlin Group.

Students Receive Raw Eggs in Free Nutritious Meal Programme in Ungaran; SPPG Issues Apology

Students in Ungaran, Semarang Regency, were reportedly served raw eggs as part of the Free Nutritious Meal (MBG) programme. The Regional Coordinator of the Nutrition Service Fulfillment Unit (SPPG) has apologised and initiated an evaluation of the catering provider following the incident.

SPPG Employee Who Mocked Free Nutritious Meal Victims Fired

An employee of the Nutrition Fulfilment Service Unit (SPPG) in Bantul has been dismissed following a viral incident where they mocked victims of food poisoning from the Free Nutritious Meal (MBG) programme. The National Nutrition Agency (BGN) emphasised that such conduct violates the professional ethics and empathy required for the programme's implementation.

New York Mayor Ready to Send Financial Team for Jakarta's Municipal Bonds

New York City Mayor Zohran Kwame Mamdani has expressed support for Jakarta Governor Pramono Anung's plan to issue municipal bonds. The Mayor has offered to dispatch a financial team to share expertise on the preparation and issuance process for the Jakarta Provincial Government.

Police to Conduct Psychological Assessment of Man Who Kicked Woman in Senayan City

Police are investigating a violent incident at the Senayan City mall in Jakarta, where a man kicked a woman from behind while she was queuing at a food court. Authorities are considering a psychological evaluation of the suspect to understand the motive behind his impulsive and violent behaviour.

New Director Purchases Shares in Mining Company at High Price

Stephanus E D Sutantio, a newly appointed director of PT Harum Energy Tbk (HRUM), has acquired 241,000 shares despite a recent downward trend in the company's stock price. This insider buying move is viewed by market analysts as a strong signal of confidence in the long-term business prospects of the coal and nickel mining firm.

Zohran Mamdani Opens U20 Summit as Jakarta Pitches $7bn Projects

Jakarta Governor Pramono Anung Wibowo has presented the capital's robust second-quarter 2026 economic performance to international leaders at the U20 Mayoral Plenary in New York. The Governor highlighted US$10.5 billion in recent investments and is actively pitching 37 urban development projects with a potential value of US$7 billion to global stakeholders.

Media Report: Trump in Dilemma, Nearly Fulfilled MBS's Request But Cancelled Houthi Strike

US President Donald Trump reportedly wavered on launching military strikes against Houthi rebels in Yemen following a direct plea from Saudi Crown Prince Mohammed Bin Salman. Despite initially ordering the Pentagon to prepare for an attack, Trump ultimately decided against intervention as Washington remains focused on Iran.

Basarnas Divers Discover Two Deceased Victims Trapped Aboard KM Virgo

Basarnas divers from the Special Group have recovered two male victims from the sunken KM Virgo Transport 8 in the Java Sea, South Kalimantan. The bodies are currently being evacuated to Banjarmasin Airport for identification and handover to their families.

Indonesian Health Innovation and Ecosystem Continues to be Driven: Who are the Leaders?

The Indonesian government is intensifying efforts to bolster national health industry resilience and independence through innovation and research. The Ministry of Health, in collaboration with BRIN, has identified 700 healthcare innovations aimed at addressing critical issues such as stunting and non-communicable diseases.

The Cost of Rupiah Stability

This opinion piece examines the economic consequences of Rupiah depreciation and the central bank's efforts to maintain exchange rate stability through higher interest rates. It highlights how rising import costs and production pressures impact corporate profitability, investment decisions, and long-term economic resilience.

Waste Accumulates in Gowa, Residents Complain of Pungent Odour

Significant waste accumulation has been reported across several areas in the Somba Opu District, Gowa Regency, due to operational budget constraints affecting waste collection trucks. Local residents are expressing concerns over the pungent smell and the potential health risks posed by the uncollected refuse.

Geothermal Potential of Mount Ungaran: From Low-Emission Electricity to Economic Driver

The Indonesian government is accelerating the development of the Mount Ungaran geothermal field in Central Java to support the national energy transition. PT PLN (Persero) has been tasked with developing the area with a capacity of up to 55 MW to enhance energy security and economic benefits.

Qatar Calls for Regional Security Framework for Iran and Gulf States

Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani has proposed the establishment of a regional security framework involving Iran and the Gulf nations. Speaking in New York, he emphasised the need for a collective agreement to ensure no nation poses a threat to its neighbours amidst rising regional tensions.

Kebung-Banyucampah Road Collapses, Residents Build Emergency Bridge

Residents of Telaga Tawang Village in Bali have taken initiative to construct an emergency bridge following the collapse of the Kebung-Banyucampah road due to heavy rain. The community-led project aims to restore access for pedestrians and motorcyclists while waiting for official repairs scheduled for 2027.

Amran Receives Mandate from Prabowo; 44 Regents Visit Early Morning

Agriculture Minister Amran Sulaiman is preparing up to 2 million hectares of land to support Indonesia's bioethanol development programme, aiming for an E50 fuel blend target. The initiative, directed by President Prabowo Subianto, focuses on utilising sugarcane, cassava, and maize to achieve national energy sovereignty.

Iran Shows No Fear of US Threats: There Will Be Retaliation for Every Attack

Iran has issued a stern warning to the United States, vowing continuous retaliation against US bases and interests in the Middle East should military operations proceed. The Iranian Armed Forces also cautioned regional nations against supporting US aggression, while Tehran maintains that negotiations and the reopening of the Strait of Hormuz depend on meeting specific conditions.

Pertamina Reclaims Top Position in Fortune Indonesia 100 2026

PT Pertamina (Persero) has secured the top spot in the Fortune Indonesia 100 2026 rankings, reporting a massive revenue of Rp1,189.74 trillion for the 2025 fiscal year. The achievement highlights the state-owned energy giant's resilience and its significant contribution to the national economy amidst global economic uncertainty.

Economist: Rice Assistance Serves as Purchasing Power Buffer Amid Retail Slowdown

PT Bank Danamon Indonesia economist Irman Faiz suggests that rice food assistance is crucial for maintaining the purchasing power of low-income households as retail sales growth slows. The Indonesian government has extended this programme until December 2026, allocating approximately Rp17 trillion to support millions of beneficiaries.

Man Who Kicked Woman at Senayan City Detained by Police, Faces 2.5 Years in Prison

A 43-year-old man, identified by the initials RS, has been detained by the Metro Jaya Regional Police following an assault on a woman at the Senayan City mall food court. The suspect faces charges under the Criminal Code that could result in a prison sentence of up to 30 months.

Bamsoet Supports Wild Boar Hunting to Protect Farmers' Fields in Banten

Member of Parliament Bambang Soesatyo has expressed full support for wild boar population control initiatives in Banten to mitigate crop destruction. The move aims to protect the livelihoods of local farmers facing significant losses from wildlife attacks on essential food commodities.

Angkasa Pura Appoints Son of Karni Ilyas as Commissioner

PT Angkasa Pura Indonesia (InJourney Airports) has announced a reshuffle in its Board of Commissioners. Romy Bareno, a politician from the National Mandate Party (PAN) and son of Karni Ilyas, has been appointed as an Independent Commissioner.

Seeking the Best Securities and Asset Management Amidst Uncertainty

The number of Indonesian capital market investors has surged from 10 million in 2020 to over 31 million by August 2026. In recognition of the industry's role in national economic stability, CNBC Indonesia will host an awards event to honour top-performing securities and fund management firms.

Huawei Introduces Grid-Interactive AIDC, Bringing a New Paradigm to AI Infrastructure

At HUAWEI CONNECT 2026, Huawei unveiled its grid-interactive AIDC solution designed to maximise AI computing efficiency by measuring tokens per watt. The innovation integrates energy and computing infrastructures to stabilise power grids and optimise energy consumption for large-scale AI workloads.

Suahasil Inaugurates Herman Saheruddin as KSSK Secretary

Finance Minister Suahasil Nazara has officially appointed Herman Saheruddin, Director General of Financial Sector Stability and Development, as the Ex-Officio Secretary of the Financial System Stability Committee (KSSK). The appointment aims to complete the institutional transition in accordance with the P2SK Law and recent ministerial regulations.

Suahasil Inaugurates Director General of SPSK as KSSK Secretary

Finance Minister Suahasil Nazara has officially appointed Herman Saheruddin, the Director General of Financial Sector Stability and Development, as the Ex-Officio Secretary of the Financial System Stability Committee (KSSK). The appointment aims to complete the institutional transition in accordance with the P2SK Law and recent ministerial regulations.

Israeli Soldier Granted Pardon After Being Found Guilty of Executing Wounded Palestinian Civilian

Israeli President Isaac Herzog has wiped the criminal record of former IDF soldier Elor Azaria, who was previously convicted of murdering a wounded Palestinian man in Hebron. The decision follows a controversial 2016 incident that drew international condemnation and accusations of war crimes.

Freedom from Injustice: When Judicial Decisions Fail to Deliver Justice

An editorial piece reflecting on the gap between legal rulings and their actual enforcement in Indonesia. The author shares a personal struggle with an industrial relations dispute where, despite winning a court case, the legal rights remain unfulfilled due to difficulties in the execution process.

Qatar seeks to facilitate US-Iran negotiations to break deadlock

Qatar's mediation team, working alongside Pakistan, is actively engaging with both the United States and Iran to restart diplomatic talks. The initiative aims to stabilise the Middle East and protect vital maritime routes such as the Strait of Hormuz amidst rising regional tensions.

Banten Provincial Government Hopes KRL Green Line Can Be Extended to Merak

The Banten Provincial Government is conducting a feasibility study to electrify the railway line spanning Rangkasbitung, Serang, Cilegon, and Merak. The project aims to extend the KRL Commuter Line service, potentially doubling daily passenger capacity through significant infrastructure investment.

Purbaya Between Sri Mulyani and Anwar Ibrahim

Following his departure from the Ministry of Finance, the future career path of economist Purbaya Yudhi Sadewa remains a subject of speculation. The article explores whether he will transition into academia and research, similar to Sri Mulyani Indrawati, or pursue a more turbulent political trajectory like Malaysia's Anwar Ibrahim.

Foreign Investor Quietly Accumulates CPIN Shares at Rp3,141

UBS AG LDN Branch A/C Client has acquired 2.3 million shares of PT Charoen Pokphand Indonesia Tbk (CPIN) at a price of Rp3,141 per share. This transaction, totalling approximately Rp7.1 billion, brings the investor's stake in the poultry processor to 6.01%.

Sahroni Strongly Condemns Disruption of Church Service in Tangerang: Perpetrators Must Face Legal Action if Recurrence Occurs!

Deputy Chairman of Commission III of the Indonesian House of Representatives, Ahmad Sahroni, has expressed deep concern over the violent disruption of a Protestant Christian Church (GKPI) service in Tangerang. Sahroni emphasised that licensing disputes should not be resolved through intimidation or weapons, demanding that perpetrators face criminal prosecution if such incidents happen again.

Bilateral Meeting with New York Mayor: Pramono Discusses Jakarta's Traffic Solutions

Jakarta Governor Pramono Anung Wibowo met with New York City Mayor Zohran Kwame Mamdani to discuss strategies for managing traffic congestion and public transport. The discussions also covered Jakarta's initiatives to combat flooding and land subsidence through large-scale infrastructure projects.

BTN Disburses Rp7.4 Trillion in Housing Program Credit; Minister of Housing Applauds Strategic Role

PT Bank Tabungan Negara (Persero) Tbk (BTN) has distributed a cumulative Rp7.4 trillion through its Housing Program Credit (KPP), targeting both housing supply and demand. The Minister of Housing and Residential Areas, Maruarar Sirait, praised the initiative for its potential to scale up MSMEs within the housing ecosystem.

Kaspersky Discovers New Variant of 'MacSync' Malware on macOS

Security researchers at Kaspersky have identified an updated version of the MacSync infostealer malware targeting macOS users. The new variant employs a more complex infection chain to steal sensitive information, including web credentials, crypto assets, and Telegram data.

Hearts Meet Along a Shared Path: Indonesian Rural Officials Explore Rural Revitalization in Yunnan

A delegation of Indonesian village officials is conducting a study tour in China's Yunnan Province to observe successful models of rural revitalisation and poverty alleviation. The programme aims to leverage China's expertise in agricultural development and grassroots governance to support Indonesia's 'Golden Indonesia 2045' vision for village-led economic growth.

BPS: Price Increases for Bird's Eye Chilli and Red Chilli Spreading Widely

The Indonesian Central Statistics Agency (BPS) has reported a significant surge in chilli prices across hundreds of regencies and cities during the third week of September 2026. Bird's eye chilli prices have risen by nearly 30 per cent, far exceeding the government's maximum price ceiling in several regions.