Indonesian Political, Business & Finance News

Archive: 21 September 2026

Showing 1,101-1,150 of 1,214 articles

Asian Markets Mixed as Investors Await Trump-Xi Jinping Meeting

Asian stock markets showed mixed performance on Monday as investors closely monitored global economic developments and the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping. Market sentiment is also being shaped by US monetary policy, high energy prices, and rising bond yields.

Supporting Lifting, Pertagas Transports 1,000 Barrels/Day from Community Oil Wells

PT Pertamina Gas (Pertagas) is boosting national oil lifting by transporting production from community-operated wells in South Sumatra and Jambi to the Plaju Refinery. The initiative utilises the Tempino - Sei Gerong pipeline network to integrate local production from regional enterprises and cooperatives into the national energy supply chain.

11 Students Arrested in Nusa Penida Following Series of Shop Burglaries

Police in Nusa Penida, Bali, have apprehended 11 high school students involved in a string of thefts at local shops. The authorities are currently investigating the specific roles of each minor while ensuring the legal process adheres to juvenile justice regulations.

Foreign Investors Massively Sell Off 10 Stocks Last Week

The Jakarta Composite Index (IHSG) experienced a correction of 1.53% over the last five trading days, driven by significant foreign capital outflows. Foreign investors recorded a massive net sell of Rp1.84 trillion across all markets, with major banking stocks leading the divestment.

Centralisation of State Spending and Regional Banking Liquidity

An analysis of the structural changes in Indonesia's State Budget (APBN) since 2026, highlighting the shift from regional transfers to central government spending. This reallocation threatens to create structural liquidity imbalances between state-owned banks and regional development banks (BPD).

Truck Overturns on Jatibening Toll Road Towards Jakarta, Traffic Congested for 2.5 km

A single-vehicle accident involving a dump truck occurred on the Jakarta-Cikampek Toll Road at KM 5.700 Jatibening. The incident caused significant traffic congestion stretching approximately 2.5 kilometres towards Jakarta.

Bank Accounts Drained: Beware of New Mobile Banking Theft Modus Operandi

New fraudulent methods involving phishing and personal data theft are threatening mobile banking users, potentially leading to total loss of savings. The Financial Services Authority (OJK) has issued essential security guidelines to help customers protect their digital transactions.

A Glimpse into Sydney's New Magnetism

Iwan Sunito, CEO of One Global, discusses Sydney's evolution into a premier global hub for capital, talent, and innovation. The article highlights recent high-level visits to the city, including former Indonesian Minister Sandiaga Uno, underscoring the strengthening business ties between Indonesia and Australia.

School shootings in the Philippines put gun access under scrutiny

A series of fatal school shootings in the Philippines has reignited intense debate regarding the accessibility of firearms for minors. The incidents have prompted renewed scrutiny of how children gain access to weapons, including those legally owned by adults.

Struggling to Compete in China, Automotive Giant Plans to Lay Off 4,000 Employees

Volkswagen's subsidiary, Porsche, is facing a massive restructuring plan that could lead to the redundancy of over 4,000 employees. The move aims to address a €700 million overhead deficit caused by declining sales in China and costly shifts in electric vehicle strategy.

Hyundai prepares to launch Tucson SUV in South Korea in October 2026

Hyundai Motor Co. has announced plans to launch the fifth-generation Tucson SUV in the South Korean market by October 2026. The new model will feature advanced safety technologies and an upgraded infotainment system integrated with generative artificial intelligence.

Turkey hopes US initiatives produce concrete progress for Ukraine

Turkey has expressed its hope that recent diplomatic initiatives by the United States will lead to tangible progress in resolving the conflict in Ukraine. President Recep Tayyip Erdoğan continues to engage with Western leaders to revitalise the negotiation process.

Only 45 Minutes! BSG Divers Utilise 'Calm Water' Window to Evacuate KM Virgo Transport 8 Victim

Basarnas Special Group (BSG) divers successfully evacuated one victim from the wreckage of KM Virgo Transport 8 during a brief 45-minute window of calm underwater currents. The rescue operation faces significant challenges due to underwater currents reaching 2-3 knots, complicating the search for the remaining missing passengers.

Hashim's Company Officially Wins Indonesian Oil and Gas Block Auction, Profile Revealed

PT Nations Petroleum, a subsidiary of the Arsari Group owned by Hashim Djojohadikusumo, has secured the Natuna D-Alpha oil and gas block through a direct tender. The Ministry of Energy and Mineral Resources announced the winners of six blocks, involving significant investment commitments and signature bonuses.

HKCHAM Indonesia Strengthens Business Ties Between Indonesia, Hong Kong, and Mainland China

The Hong Kong Chamber of Commerce in Indonesia (HKCHAM Indonesia) has been established to foster commercial links and investment between Indonesia, Hong Kong, and Mainland China. The initiative aims to leverage Hong Kong's role as a 'super connector' to drive capital and professional services into Indonesia's Special Economic Zones.

Monday Morning: Tangerang-Duri and Soekarno-Hatta Airport Commuter Lines Experience Disruptions

Commuter Line services between Tangerang and Duri, as well as the Soekarno-Hatta Airport line, faced delays on Monday morning due to suspected vandalism. The damage to signalling equipment between Batu Ceper and Soekarno-Hatta stations necessitated track changes, impacting regular schedules.

Donald Trump Plans to Create AI Force Despite Scientists' Calls for Halt

US President Donald Trump has announced plans to establish an 'AI Force' and appoint an 'AI Czar' to lead artificial intelligence policy. This move comes as the US seeks to maintain its technological lead over China, despite growing global concerns regarding AI regulation and safety.

Police Mediate Disturbance at GKPI Tangerang; Place of Worship Temporarily Closed

Local authorities and police have intervened to mediate a disturbance at the GKPI Protestant Christian Church in Rajeg, Tangerang. As a precautionary measure to prevent further friction, the place of worship has been temporarily locked and closed to the public.

These 10 Stocks Saw the Highest Foreign Net Buy Throughout Last Week

Despite the Jakarta Composite Index (IHSG) closing in the red with a 1.53% correction over the last five trading days, certain stocks attracted significant foreign interest. The list highlights the top ten companies that experienced the highest net foreign buying during this period of market volatility.

Crypto Assets, Stocks, and Gold Becoming Increasingly Interconnected

Bitget is expanding its trading operations through its Universal Exchange (UEX) strategy, integrating crypto assets with traditional markets such as stocks, commodities, and forex. The move follows a significant rise in non-crypto asset trading, which now accounts for 40 per cent of the company's total trading volume.

Gold Prices for Galeri 24, UBS, Antam, and Antam Retro Today, 21 September 2026

Gold bullion prices at Galeri 24, a subsidiary of Pegadaian, remained unchanged during trading on Monday, 21 September 2026. The prices for various brands, including Antam and UBS, showed no movement compared to the previous trading session.

Meeting Pramono, Zohran Mamdani Offers Team to Assist with Bond Issuance

Jakarta Governor Pramono Anung met with New York City Mayor Zohran Kwame Mamdani to discuss urban development and the potential issuance of Jakarta Bonds. The Mayor of New York offered technical assistance from his city's finance team to share expertise on the municipal bond issuance process.

Discourse on Presidential and Vice-Presidential Nominations Requiring Minimum Two Fractions Re-emerges

Political leaders from the Democratic and NasDem parties have revived discussions regarding a potential revision to the Election Law to require at least two parliamentary factions for presidential nominations. While the proposal suggests a return to threshold-like restrictions, major parties like PDIP have expressed that such a requirement would not hinder the presidential system's functionality.

Official: Fuel Prices at Pertamina, BP, and Shell Stations Effective 21 September 2026

Major fuel retailers including Pertamina, Shell, and BP-AKR have implemented price adjustments for several non-subsidised fuel products. While diesel and high-octane petrol prices have seen significant increases, prices for subsidised fuel and certain RON 92 products remain unchanged.

Warning Issued to Prevent Kalijodo from Returning to its Former Reputation

Jakarta legislators have called for stricter oversight of the Kalijodo Integrated Child-Friendly Public Space (RPTRA) following viral reports of illegal parking fees and discarded alcohol bottles. The Jakarta provincial government has responded by instructing officials to intensify monitoring to ensure the area remains safe and clean for families.

Pramono Meets New York Mayor Zohran Mamdani to Discuss Transportation and Jakarta Bonds

Jakarta Governor Pramono Anung held bilateral talks with New York Mayor Zohran Kwame Mamdani to discuss urban challenges including public transport, flood mitigation, and air pollution. The meeting also explored the potential issuance of Jakarta Bonds to fund urban infrastructure, with New York offering financial expertise.

Minister of Forestry Ensures Preparedness for Forest Fire Mitigation in Conservation Areas

Minister of Forestry Raja Juli Antoni has confirmed the readiness of mitigation strategies to combat forest and land fires within Indonesia's conservation areas. The initiative focuses on protecting biodiversity through advanced monitoring systems, weather modification operations, and the strengthening of national park governance.

Trump Issues New Ultimatum to Iran: Negotiate or Face US 'Explosion'

US President Donald Trump has issued a stern warning to Iran, stating that significant developments are imminent if Tehran does not alter its behaviour. While expressing a willingness to engage diplomatically during the UN General Assembly, Trump warned of options ranging from economic collapse to military action.

Phase 2 of the 2026 National Internship Programme Commences Today

The Indonesian Ministry of Manpower has officially launched the second phase of the 2026 National Internship (MagangHub) programme. The initiative aims to provide fresh graduates with essential work experience and competency development to better prepare them for the professional workforce.

Discussing the Accelerated Development of Rempang Island, Head of BP Batam Appreciates Support

The Head of BP Batam, Muhammad Rudi, has expressed his gratitude to the Indonesian Minister of Investment for supporting the accelerated development of the Rempang Eco-City project. During a coordination meeting, Rudi highlighted existing land and regulatory hurdles that need to be addressed to realise the national strategic project.

How Marthella Sirait is Creating an Inclusive and Empowering Ecosystem for People with Disabilities

Marthella Sirait, CEO of KONEKIN Indonesia, is leveraging AI technology through the 'Berdaya' platform to bridge the employment gap for people with disabilities. The social enterprise focuses on using innovation to match competent disabled talent with companies, moving beyond mere quota fulfilment towards true professional inclusion.

Two Orangutans Rescued From Fire-Damaged Palm Oil Plantation in West Kalimantan

Conservationists and the YIARI Foundation have successfully rescued a mother orangutan and her infant from a fire-damaged oil palm plantation in West Kalimantan. The rescue operation, conducted by a joint team including the BKSDA, highlights the ongoing environmental challenges posed by habitat degradation and forest fires in the region.

Body Found Near Seruyan Beach in Central Kalimantan, Police Inspect Scene

A body has been discovered near the coast in Seruyan, Central Kalimantan, close to the search area for the sunken KM Virgo Transport 8. Local police are currently investigating the scene to determine the identity of the deceased and whether they are linked to the recent maritime accident.

SPPG Employee in Bantul Allegedly Mocked Student Suffering Memory Loss from Free Nutritious Meal Poisoning

An employee of the Nutrition Fulfillment Service Unit (SPPG) in Bantul is alleged to have mocked a student from North Sumatra who suffered memory loss following suspected food poisoning from the Free Nutritious Meal (MBG) programme. The Regional Coordinator of the National Nutrition Agency (BGN) in DIY has issued a reprimand and emphasised the need for empathy and professional ethics within the programme's staff.

US Treasury chief says meeting with China on trade, AI 'very successful'

US Treasury Secretary Scott Bessent has described recent discussions with Chinese officials regarding trade and artificial intelligence as highly successful. The talks, held in New York, aimed to establish a new US-China AI dialogue and address critical supply chains for minerals and rare earth magnets ahead of a summit between Presidents Trump and Xi.

Indonesia Plans Flight Subsidies, Travel Bundles to Curb Rising Airfares

The Indonesian Ministry of Tourism is introducing flight subsidies and bundled travel packages to mitigate the impact of rising domestic airfares on the tourism sector. These measures aim to protect national tourism growth as increased jet fuel surcharges threaten to drive up average ticket prices.

Attending AEM 2026, Deputy Trade Minister Roro Urges ASEAN to Expand Opportunities for National Businesses

Deputy Trade Minister Dyah Roro Esti attended the ASEAN Economic Ministers (AEM) Meetings 2026 in Manila to advocate for stronger regional economic integration. She emphasised the importance of expanding market access and strengthening the competitiveness of Indonesian businesses, including SMEs, within the ASEAN supply chain.

Kia sells more than 100,000 electric vehicles in South Korea this year

Kia Corp. has achieved a significant milestone, with cumulative electric vehicle sales in the South Korean domestic market surpassing 100,000 units this year. This represents more than double the sales volume recorded during the same period last year.

China Continues Future Project Halted by the United States

China has successfully deployed an underwater data centre featuring 2,000 servers in the Lingang Special Area. The project, which utilises seawater for cooling, follows a design concept previously abandoned by Microsoft.

Bunda Jelita and the Importance of Early Registration

The Surabaya City Government has introduced the 'Bunda Jelita' innovation to streamline the registration of newborn identities by integrating health and administrative services. The programme begins during pregnancy to ensure that birth certificates, family cards, and child identity cards are processed seamlessly alongside healthcare.

Expert Analysis Following Prabowo's Opening of Possibility for Cabinet Reshuffle at Two-Year Mark

Political experts suggest that President Prabowo Subianto may consider a cabinet reshuffle as his administration approaches its second year. Analysts emphasise the need to replace underperforming ministers and those involved in legal issues to ensure effective governance and economic stability.

Legislator suggests affordable and integrated Jakarta LRT fares

A member of the Jakarta Regional House of Representatives (DPRD) has called for the Jakarta LRT Kelapa Gading-Manggarai line to feature affordable, integrated fares with other public transport modes. The legislator emphasised that connectivity with Transjakarta, KRL, and Mikrotrans is essential to incentivise commuters to switch from private vehicles to public transport.

PT KTA Claims Rp75.14 Billion from PT CC Amid Mining Contract Dispute

Coal mining contractor PT Karunia Tirta Agung (PT KTA) has issued a legal summons to PT China Construction Yangtze River Indonesia (PT CC) over unpaid operational standby fees totalling at least Rp75.14 billion. The dispute involves a long-term mining services agreement in Central Kalimantan and has prompted PT KTA to involve the Chinese Embassy to seek resolution.

Senior Official States Iran Has Not Yet Decided to Withdraw from NPT, Awaiting US Stance

Iran's Secretary of the Supreme National Security Council, Mohsen Rezaei, has stated that the nation's decision regarding withdrawal from the Non-Proliferation Treaty (NPT) depends on Washington's actions. The official emphasised that while Iran remains committed to its religious ban on nuclear weapons, future decisions hinge on the lifting of sanctions and maritime blockades.

Basarnas Deploys Diving Robots to Inspect KM Virgo Hull

The National Search and Rescue Agency (Basarnas) has deployed Remotely Operated Vehicles (ROVs) to inspect the interior of the KM Virgo Transport 8. The underwater robots are intended to assist divers by mapping the ship's internal corridors, though heavy sea currents have temporarily hindered operations.

Warning of New War! Seven Armed Militias Unite, Ready to Attack Government

Seven armed groups in Ethiopia have formed a new alliance aimed at overthrowing the federal government. The escalation raises global fears of a return to civil war, following a previous conflict that claimed approximately 600,000 lives.

Indonesian Migrant Worker from Jembrana Passes Away in Taiwan After Only Four Months of Work

An Indonesian migrant worker from Jembrana, Bali, has reportedly died in Taichung, Taiwan, just four months after beginning work in the agricultural sector. Local authorities and the Indonesian Trade and Economic Office in Taipei are currently coordinating the repatriation of the deceased.

Israeli Attacks Kill Three Palestinians and Injure 21 in Gaza

A series of Israeli strikes across the Gaza Strip has resulted in the deaths of three Palestinians and left 21 others wounded. The Palestinian Ministry of Health reports that these actions constitute a violation of the ceasefire agreement mediated by Arab nations and the United States.

Mobile Driver's License Services Available at Five Locations in Jakarta on Monday

The Jakarta Metropolitan Police Directorate of Traffic has announced the availability of mobile driver's license (SIM Keliling) services across five strategic locations in Jakarta. The service aims to assist residents with the renewal of Class A and Class C driver's licences.

Update on KM Virgo 8 Evacuation: 10 Dead, 125 Still Missing

Search and rescue operations continue for the capsized KM Virgo Transport 8 in the Java Sea, with the death toll rising to 10. Authorities are currently investigating discrepancies in the passenger manifest after 22 survivors were found to be unrecorded.