Indonesian Political, Business & Finance News

Archive: 21 September 2026

Showing 1,001-1,050 of 1,214 articles

SUCOFINDO Highlights Two Strategic Issues for Indonesia, Including Prabowo's Programs

State-owned enterprise SUCOFINDO is focusing on the development of carbon markets and the strengthening of food supply chain resilience. These strategic initiatives aim to support Indonesia's climate targets and align with President Prabowo Subianto's priority programmes for national food security.

BNI and Unpad Expand Digital Services for Campus Ecosystem

PT Bank Negara Indonesia (Persero) Tbk (BNI) has expanded its partnership with Universitas Padjadjaran (Unpad) to enhance digital banking services for students, faculty, and alumni. The collaboration includes digital payment solutions for tuition fees, cash management, and specialised credit facilities for postgraduate studies.

Level Crossing Guard Falls Asleep, Causing Train to Emergency Stop in Tulungagung

The Matarmaja train was forced to make an emergency stop in Tulungagung after a level crossing gate was left open. The incident occurred because the crossing guard reportedly fell asleep while on duty, prompting an investigation into potential SOP violations.

Police Temporarily Close GKPI Place of Worship in Tangerang Following Unrest

Police have temporarily closed a place of worship for the Indonesian Protestant Christian Church (GKPI) in Rajeg, Tangerang, following viral footage of a disturbance. The closure follows a mediation meeting aimed at maintaining public order and preventing further provocation while authorities resolve disputes regarding building permits.

Etomidate-Laced Vapes Under Scrutiny Following Arrest of Influencer Jule

The arrest of social media influencer Julia Prastini, known as Jule, has brought attention to the dangerous trend of using etomidate in e-cigarettes. While used medically as an anaesthetic, the misuse of this substance in vapes poses severe health risks, including hormonal disruption and loss of consciousness.

High Demand Leads to 2.9x Oversubscription of BTN Social Bonds, Reaching Rp2.9 Trillion

PT Bank Tabungan Negara (Persero) Tbk has announced that its second phase of Sustainable Social Bonds for 2026 was oversubscribed 2.9 times, with orders reaching Rp2.9 trillion. Due to this significant investor interest, the bank has increased the final issuance size from an initial target of Rp1 trillion to Rp2 trillion.

LRT Jabodebek Suddenly Halts at Cikunir; This is the Cause

A power supply disruption at the Cikunir area caused a temporary halt in LRT Jabodebek services during the Monday morning rush hour. The issue originated from a fault in the traction power sub-station, leading to minor delays for commuters.

Bank Muamalat consumer financing grows by 54.63 per cent in first semester

PT Bank Muamalat Indonesia Tbk has reported a significant year-on-year increase of 54.63 per cent in consumer financing, reaching Rp5.3 trillion in the first half of 2026. This growth was primarily driven by the expansion of retail segments and the impressive performance of specific products such as the Solusi Emas Hijrah.

Supporting the Breast Cancer Community, Mayapada Hospital Takes This Step!

Mayapada Hospital Jakarta Selatan has entered into a Memorandum of Understanding with the Lovepink foundation to expand access to comprehensive oncology services for breast cancer warriors and survivors. The collaboration aims to provide integrated, international-standard care, including advanced diagnostic technologies and multidisciplinary medical expertise.

Aircraft Carrier Doctrine in Indonesia's Sea Power

The arrival of the Italian Navy's aircraft carrier, ITS Giuseppe Garibaldi, in Jakarta marks the beginning of Indonesia's transition towards a blue water navy. Rechristened as KRI Sriwijaya-100, the vessel serves as a cornerstone for a new outward-looking maritime doctrine aimed at protecting national interests across the Indian and Pacific Oceans.

Chicken Coop in Tabanan Burnt Down, 24,000 Birds Dead with Losses Reaching Rp 1 Billion

A massive fire destroyed a broiler chicken coop in Pupuan, Tabanan, resulting in the death of approximately 24,000 chickens. The incident, suspected to be caused by an LPG gas leak, has caused estimated material losses of around Rp 1 billion.

Expanding Digital Banking Business, BTN Strengthens Strategic Partnership with Lampung University

PT Bank Tabungan Negara (Persero) Tbk (BTN) has signed a Memorandum of Understanding with the University of Lampung to expand its digital banking ecosystem. The partnership aims to increase BTN's market penetration among the university community through digital services and educational initiatives.

14th Forum on China-ASEAN Technology Transfer and Collaborative Innovation Opens in Nanning

The 14th Forum on China-ASEAN Technology Transfer and Collaborative Innovation has commenced in Nanning, focusing on the theme of 'Shared AI, Shared Success'. The event highlights significant advancements in artificial intelligence cooperation and the implementation of new AI application scenarios across the ASEAN region.

Residents Block Provincial Road in Dompu, Causing Vehicle Queues of Over Ten Kilometres

A provincial road in Dompu, West Nusa Tenggara, was paralysed for six hours after local residents erected blockades using stones, wood, and burning tyres. The protest, allegedly triggered by dissatisfaction with police handling of a missing minor case, left inter-provincial passengers stranded and caused massive traffic congestion.

Get Ready: Massive Corporate Action Planned for Ultra Milk Issuer (ULTJ)

PT Ultrajaya Milk Industry & Trading Company Tbk (ULTJ) has announced plans for a significant rights issue involving up to 7.9 billion new shares. The corporate action aims to raise up to Rp17 trillion, primarily through the acquisition of Frisian Flag Indonesia via a non-cash contribution.

Changing the President's Cashier

The dismissal of Finance Minister Purbaya Yudhi Sadewa highlights a significant power struggle within the Indonesian administration. The article argues that the replacement of the minister does not signal a return to technocratic fiscal management, as the new minister will still face immense pressure to fund President Prabowo's ambitious and costly priority programmes.

PIHPS Records Bird's Eye Chilli Prices at Rp95,500/kg, Chicken Eggs at Rp29,400/kg

The National Strategic Food Price Information Centre (PIHPS), managed by Bank Indonesia, has reported significant price points for various essential commodities. Notable prices include red bird's eye chilli at Rp95,500 per kg and chicken eggs at Rp29,400 per kg.

Expert evaluates Prabowo's directive to strengthen law enforcement against forest fires

Legal expert Romli Atmasasmita has praised President Prabowo Subianto's directive to the National Police Chief to intensify investigations into forest and land fires. The move is seen as a strong political signal to ensure that corporate involvement in such incidents is met with criminal prosecution rather than just administrative sanctions.

Amran States Government to Prepare 1โ€“2 Million Hectares of Land for Ethanol Production

The Minister of Agriculture, Andi Amran Sulaiman, has announced plans to allocate 1 to 2 million hectares of land for the production of ethanol using sugarcane, cassava, and maize. This initiative aims to bolster national energy independence through large-scale commodity development and the establishment of processing plants across Indonesia.

Suahasil Inaugurates 14 Officials from Ministry of Finance and KSSK

Finance Minister Suahasil Nazara has officially inaugurated 14 high-ranking officials within the Ministry of Finance and the Financial System Stability Committee (KSSK) secretariat. The appointments are part of an ongoing effort to refine leadership placement and align with the Financial Sector Development and Strengthening Law (P2SK).

WALHI assists Bonepantai residents in defending living space from mining

The Indonesian Forum for the Environment (WALHI) Gorontalo has committed to supporting residents of Bonepantai against mining activities by PT Celebes Bone Mineral (CBM). The advocacy aims to address community concerns regarding environmental impacts, such as flash floods and landslides, linked to previous exploration activities.

DPR Commission XII Reveals Crucial Points in Oil and Gas Law Revision

The Indonesian House of Representatives (DPR) is discussing a revision to the Oil and Gas Law, which includes the establishment of a Special Business Entity (BUK) reporting directly to the President. Key changes include adjusting the Domestic Market Obligation (DMO) to a minimum of 25% and centralising licensing processes to attract foreign investment.

Asian Currencies Surge, While Rupiah Lags Behind

Most Asian currencies strengthened against the US Dollar at the start of the week, leaving the Indonesian Rupiah as the sole outlier in decline. The movement comes as the US Dollar remains resilient following Federal Reserve interest rate hikes and speculation regarding further increases in October.

Rumah Zakat Encourages Young Generation to Care for the Environment through Volunteer Go to Green in Pekanbaru

Rumah Zakat volunteers, in collaboration with students from STIKes Tengku Maharatu, conducted the 'Volunteer Go to Green' initiative at Danau Buatan, Pekanbaru. The programme focused on waste collection and tree planting to promote environmental sustainability among the youth.

Video: Prabowo Shouts 'Free Palestine' During Gontor Event

President Prabowo Subianto expressed his support for Palestinian independence by shouting 'Free Palestine' during a formal event. The moment occurred while the President was greeting ambassadors during the centenary celebrations of Pondok Modern Darussalam Gontor.

Bekasi City Metro Police Visit 126 Vocational Schools to Strengthen Mentorship Programme

Over 1,000 police personnel from the Bekasi City Metro Police have launched a large-scale school visit programme across 126 vocational schools. The initiative, known as the 'Bapak Asuh' (Foster Father) programme, aims to establish police officers as trusted mentors to support student welfare and character building.

Rumah Zakat Plants 64 Saplings in South Tapanuli to Support Environmental Sustainability

Volunteers from Rumah Zakat South Tapanuli conducted a tree-planting initiative in Huta Godang Village to mark World Cleanup Day. The project aims to prevent erosion and sedimentation along the Huta Godang riverbanks through the planting of mahogany, durian, petai, and honde trees.

Leapmotor introduces new breakthrough for EV electrical systems

Leapmotor has unveiled a new Cell-to-Chassis (CTC) 3.0 battery technology designed to eliminate the need for separate 12V batteries in electric vehicles. The innovation aims to streamline vehicle architecture and significantly increase power delivery efficiency for low-voltage components.

Jiahui Health Highlights China's Growing Role in Global Medical Tourism at WTO Public Forum 2026

At the WTO Public Forum 2026, Jiahui Health Chairman Dr John K. Hsiang highlighted the significant surge in international patients travelling to China for advanced medical treatments. Driven by visa reforms and rapid medical innovation, China is positioning itself as a major global hub for medical services trade.

Trump Warns Iran: Big Things Could Happen Soon

US President Donald Trump has issued a stern warning to Tehran, suggesting significant consequences may follow if Iran does not alter its behaviour. While threatening severe measures, Trump also indicated a potential openness to diplomatic engagement during the upcoming UN General Assembly.

Eight LPEI Defendants Facing Sentences of up to 13 Years Judged Today

Eight defendants involved in a major corruption case regarding national export financing at the Indonesia Export Financing Agency (LPEI) are awaiting their verdict today. The case involves allegations of state losses amounting to approximately Rp992.82 billion through fraudulent financing documents.

Underwater Robots Assist Basarnas in Locating One Victim of KM Virgo

Basarnas has deployed Remotely Operated Vehicles (ROVs) to navigate the wreckage of the KM Virgo Transport 8 to assist divers in search operations. During the eighth day of the SAR operation, one victim was successfully located and evacuated from the sunken vessel.

Ministry of Industry strengthens halal industry market through Halal Indo 2026

The Indonesian Ministry of Industry is set to bolster the national halal industry by participating in the Halal Indonesia International Industry Expo (Halal Indo) 2026. The initiative aims to integrate the halal ecosystem by enhancing industrial capacity, facilitating certification, and expanding global market access.

This Samsung Model is the World's Top Seller, Overtaking iPhone

A recent report from Smart Analytics Global reveals that Samsung's Galaxy A series has become the world's number one smartphone product family for the second quarter of 2026. The series achieved an 18% global market share, surpassing Apple's iPhone 17 series.

Environment Minister Applauds Use of Plastic Waste as Raw Material for Prosthetic Limbs

The Indonesian Minister of Environment, Jumhur Hidayat, has commended the Yayasan Kaki Kita Se-nusantara (YKKS) for their innovation in converting plastic waste into prosthetic limbs for people with disabilities. The initiative demonstrates how inorganic waste, including difficult-to-recycle multilayer plastics, can be repurposed into high-value products with significant social and economic benefits.

IDX Composite potential to weaken as markets monitor global geopolitical tensions

The Indonesia Composite Index (IHSG) faces potential downward pressure as investors weigh global geopolitical risks and central bank policies. Market participants are also closely watching Bank Indonesia's upcoming interest rate decision and the government's continued placement of excess budget balances in the banking sector.

Automotive Industry Highlights Licensing and TKDN Certification Issues

National automotive industry players and Japanese partners have raised concerns regarding investment barriers, including licensing and local content (TKDN) certification, during a business discussion in Nagoya. The Indonesian government has pledged to address these issues through policy refinements to support the transition to electric vehicles.

Danantara Syariah: A Grand Vision Requiring Legal Certainty

The proposal to establish Danantara Syariah aims to harness Indonesia's vast Islamic economic potential to strengthen the real sector and community welfare. However, experts warn that this initiative requires a robust legal foundation and clear accountability mechanisms to manage religious social funds effectively.

BPS records food price increases in 319 regencies/cities

The Indonesian Central Statistics Agency (BPS) has reported an increase in the number of regencies and cities experiencing rising food prices, reaching 319 regions in the third week of September 2026. The price hikes are primarily driven by the rising costs of chillies, beef, and rice, particularly in North Sulawesi and Gorontalo.

Rupiah weakens under pressure from rising US bond yields

The Indonesian rupiah weakened against the US dollar at the start of Monday's trading, driven by rising US Treasury yields. Analysts suggest the currency remains under pressure as markets anticipate potential interest rate hikes by the US Federal Reserve.

Suahasil States Appointments Made During Purbaya Era are Valid and Official

Finance Minister Suahasil Nazara has affirmed that the recent reshuffle of officials conducted under her predecessor, Purbaya Yudhi Sadewa, remains legally valid. This follows controversy regarding mass mutations within the Ministry of Finance that allegedly led to Purbaya's removal from office.

Ministry of Transportation: Insurance Compensation Distribution Ensures Rights of KMP Virgo Transport 8 Victims

The Indonesian Ministry of Transportation has confirmed that compensation for the victims of the KMP Virgo Transport 8 incident is being processed. PT Jasa Raharja and PT Jasa Raharja Putera have begun distributing insurance payouts to the families of the deceased in Banjarmasin.

SOE Regulator Applauds Bulog for Maintaining National Food Security

The State-Owned Enterprise Regulator (BP BUMN) has commended Perum Bulog for its significant achievements in grain absorption and food distribution. The agency has reached nearly 100% of its procurement targets, playing a vital role in stabilising national food prices and supporting domestic farmers.

Porsche Faces Threat of 4,100 Layoffs, Here Are the Reasons

Volkswagen is reportedly preparing significant efficiency measures at Porsche, which may include the reduction of approximately 4,100 employees. The move aims to address a substantial overhead cost deficit of around 700 million euros as the company navigates declining sales in China and high electric vehicle transition costs.

SPPG Employee in Bantul Dismissed After Mocking Free Nutritious Meal Poisoning Victims

An employee of the School Nutrition Service Unit (SPPG) in Bantul has been dismissed by the National Nutrition Agency (BGN) after posting a video mocking victims of food poisoning from the Free Nutritious Meal (MBG) programme. The BGN DIY Regional Coordinator emphasised that all personnel must maintain high ethical standards and empathy when managing public services.

BYD Australia Recalls Thousands of Shark 6 Units Due to Spare Tyre System Issues

Chinese automaker BYD has initiated a massive recall of over 32,000 Shark 6 vehicles in Australia due to a defect in the spare tyre retention system. The fault could cause the wheel to detach while driving, posing a significant safety risk to motorists.

Prices Continue to Rise: Exchange Imposes UMA Status on NASI and WAPO Shares

The Indonesia Stock Exchange (IDX) has placed PT Wahana Inti Makmur Tbk. (NASI) and PT Wahana Pronatural Tbk. (WAPO) under Unusual Market Activity (UMA) monitoring. This move follows significant and unusual price surges in both stocks, aimed at protecting investors from potential volatility.

Media: US Prepared to Impose Comprehensive Sanctions on ICC

The Trump administration is reportedly preparing to implement large-scale economic sanctions against the International Criminal Court (ICC). These measures aim to prohibit most financial and commercial transactions with the international judicial body following a grace period.

Moments Before Xi Jinping and Trump's 'Closed-Door' Meeting in the US, Two Key Aides Meet

US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng have met to lay the groundwork for an upcoming summit between Donald Trump and Xi Jinping. The discussions focused on trade, artificial intelligence, and securing critical mineral supply chains.

Exports Predicted to Rise, Yet Indonesia Remains Underconnected to Global Markets

While Indonesia is projected to be among the world's fastest-growing trading nations over the next five years, its global connectivity ranking remains low at 112th. Experts suggest that improving domestic logistics and ensuring reliable shipping networks are crucial to transforming trade volume growth into sustained export expansion.