Indonesian Political, Business & Finance News

Archive: 4 September 2026

Showing 1,151-1,200 of 1,410 articles

Bank Mandiri to Distribute IDR 6.16 Trillion Interim Dividend

PT Bank Mandiri (Persero) Tbk has announced plans to distribute an interim dividend of IDR 66 per share for the 2026 financial year. The total payout is expected to reach approximately IDR 6.16 trillion, following approval from the Board of Commissioners.

Sritex Bankruptcy: Singapore Ruling Opens New Path for Cross-Border Asset Recovery

The Singapore International Commercial Court has recognised the Indonesian bankruptcy proceedings of PT Sri Rejeki Isman Tbk (Sritex) as foreign main proceedings. This landmark decision allows Indonesian curators to investigate and pursue company assets within Singapore, potentially aiding the recovery of funds from US$725 million in bond proceeds.

Rupiah strengthens following 'dovish' statements from Fed officials

The Indonesian rupiah experienced gains against the US dollar following dovish remarks from Federal Reserve official Christopher Waller. The market reacted to signals that interest rate hikes may be paused if US inflation continues to ease.

Putin Offers Advanced 120-Metre Fish Processing Vessels to Prabowo

Russian President Vladimir Putin has proposed a partnership involving the provision of advanced 120-metre fish processing ships to Indonesia. The proposal, discussed during a meeting in Vladivostok, also includes potential urea fertiliser investments by Pupuk Indonesia in Russia.

Diponegoro Street in Singaraja to Undergo Revitalisation, Including Pavements and Parking

The Buleleng Regency Government has launched a revitalisation project for Jalan Diponegoro in Singaraja, Bali, aiming to improve pavements, drainage, and parking management. The initiative seeks to preserve the historical character of the Old Town area and resolve long-standing sanitation issues near the Anyar Market.

Investment in Karawang Reaches Rp20.43 Trillion by Mid-Year

Investment realisation in Karawang Regency has reached Rp20.43 trillion during the first half of 2026, driven largely by foreign direct investment. This influx of capital has successfully created over 15,000 new jobs for the local community.

Malaysia Launches Three-Day Cloud Seeding Operation to Mitigate Haze

Malaysia has initiated a three-day cloud seeding operation in Sarawak to combat haze and bolster water reserves in key hydroelectric dams. The weather modification effort aims to increase water levels in preparation for potentially hotter and drier conditions expected in October.

Rosan Reveals Outcomes of Prabowo-Putin Meeting: From Fertiliser Investment to Shipping

Indonesian President Prabowo Subianto and Russian President Vladimir Putin have reached several agreements during a meeting in Vladivostok. Key discussions included potential urea fertiliser investments by Pupuk Indonesia and cooperation in advanced maritime technology for the fishing industry.

Lawyer Denies Sutrimo's Death Linked to Febrie Adriansyah Case, Awaits Polda Metro Exhumation Results

Legal counsel for former Junior Attorney General for Special Crimes, Febrie Adriansyah, has dismissed allegations linking the death of Sutrimo to his client's ongoing money laundering investigation. The lawyer urged the public to await official findings from the Jakarta Metropolitan Police, including exhumation results, rather than relying on speculation.

Minister of Religious Affairs Distributes IDR 3 Billion in Earthquake Relief for Flores

The Indonesian Minister of Religious Affairs, Nasaruddin Umar, has allocated IDR 3 billion in emergency aid to assist communities affected by the Flores earthquake in East Nusa Tenggara. The funds are intended to support the emergency response phase and accelerate the restoration of educational and religious facilities in the region.

Purbaya Reveals 'Reshuffle' of Tax Officials, Poor Performers Moved to Regions

Finance Minister Purbaya Yudhi Sadewa has implemented a major reshuffle within the Directorate General of Taxes and Customs to combat corruption and improve performance. Under this new policy, underperforming officials are being reassigned to regional offices, while high-performing staff are moved to high-potential tax centres.

Minister of PANRB: Bureaucratic Reform Must Shift from Procedure to Measurable Impact

The Minister of Administrative Reform and Bureaucratic Reform, Rini Widyantini, has called for a fundamental shift in bureaucratic performance evaluation. She emphasised that success should no longer be measured by administrative completeness or meeting frequency, but by tangible outcomes such as poverty reduction and improved public services.

2,000 Students Poisoned by Free Nutritious Meal Programme Over Last Three Days, Details Revealed

Thousands of students, teachers, and beneficiaries across several Indonesian provinces have suffered from suspected food poisoning linked to the Free Nutritious Meal (MBG) programme. Incidents reported between 1โ€“3 September 2026 have affected regions including East Java, Central Java, West Sumatra, and South Sulawesi.

Recap of Alleged Free Nutritious Meal Poisoning in West Sumatra, East Java, Central Java, and South Sulawesi Over Last 3 Days

Multiple incidents of alleged food poisoning linked to the Free Nutritious Meal (MBG) programme have been reported across several Indonesian provinces in early September 2026. Thousands of students, teachers, and beneficiaries have suffered from symptoms such as nausea and diarrhoea, prompting investigations and the temporary suspension of food suppliers.

Rupiah Strengthens to Rp 17,632 as Market Responds Positively to Destry's Inauguration and Iran-US Tensions Escalate

The Indonesian rupiah has shown signs of strengthening against the US dollar, driven by positive market sentiment following the inauguration of Destry Damayanti as the first female Governor of Bank Indonesia. However, potential gains remain capped by rising geopolitical tensions between Iran and the US, alongside domestic inflationary risks.

Bondholders Approve Tenor Extension, Waskita Karya Completes Debt Restructuring

PT Waskita Karya (Persero) Tbk has successfully secured approval from bondholders for the restructuring of its 2019 bonds, including an extension of the maturity period. The state-owned enterprise has significantly reduced its total debt and past-due vendor obligations, alongside a substantial increase in revenue for the first half of 2026.

Two Domestic Workers Report Being Held Captive in North Jakarta Residence, Requesting Repatriation

Two domestic workers reported being held captive in a house in Penjaringan, North Jakarta, via the Jakarta Kini (JAKI) application. However, local police investigations revealed the incident was a misunderstanding caused by the house being locked from the outside while the employer was away for medical treatment.

Disruption at Jakarta Kota Station: KAI Commuter Implements Route Re-engineering for Jakarta-Bogor Line

KAI Commuter has implemented temporary route adjustments for the Jakarta-Bogor line following operational disruptions at Jakarta Kota Station. Trains from the direction of Bogor will only operate as far as Jayakarta or Manggarai stations before returning to Bogor.

Internet Quota Must Not Expire from 28 September, New Replacement Schemes Announced

The Ministry of Communication and Digital has issued a circular prohibiting telecommunications operators from allowing paid internet quotas to expire without compensation. New regulations ensure customers have the right to choose between various protection mechanisms, such as data rollover or extensions, to safeguard their remaining balance.

Antam Gold Prices Surge by Rp31,000 Today, Reaching This Level

The price of Antam gold bullion has experienced a significant increase, rising by Rp31,000 per gram in today's trading. This surge marks the highest price level in four days, with the buyback price also seeing a notable upward trend.

Cyberattacks becoming more complex, APJII supports immediate passage of Cyber Security and Resilience Bill

The Indonesian Internet Service Provider Association (APJ/II) has called for the swift ratification of the Cyber Security and Resilience Bill (RUU KKS) to address increasingly sophisticated digital threats. The association emphasises the need for legal certainty and standardised security protocols to protect digital infrastructure and support industry growth.

Operational Disruption at Jakarta Kota Station: KRL Service Shortened to Jayakarta

KAI Commuter Indonesia has announced a reduction in the Bogor-Jakarta Kota KRL route due to operational disruptions at Jakarta Kota Station. Passengers are advised that services are currently being rerouted, with trains only travelling as far as Jayakarta or Manggarai.

Pupuk Indonesia Explores Urea Plant Investment in Vladivostok, Russia

PT Pupuk Indonesia (Persero) has signed a joint study agreement to assess the potential for developing a urea fertiliser plant in Vladivostok, Russia. This expansion initiative follows bilateral discussions between President Prabowo Subianto and President Vladimir Putin, aiming to strengthen national raw material supplies.

Ministry of Manpower: SIAPKerja platform provides access to employment services

The Indonesian Ministry of Manpower has highlighted the SIAPKerja platform as a vital ecosystem for accessing training, certification, and job opportunities. The initiative aims to bridge the gap between education and the labour market through programmes such as the National Internship (MagangHub).

They Speak with Tigers: The Pawang Rimueng

This article explores the cultural significance of the 'Pawang Rimueng', traditional tiger handlers in Aceh, who possess deep ecological knowledge. It examines how their ability to interpret animal behaviour serves as a vital link between human communities and the surrounding forest ecosystem.

Antam gold price rises by Rp31,000 to Rp2.67 million per gram on Friday

The price of Antam gold increased significantly on Friday morning, rising by Rp31,000 to reach Rp2,670,000 per gram. The buyback price also saw an upward movement, reaching Rp2,523,000 per gram.

Link to Check September 2026 Social Assistance Recipients and Correction Procedures

The Ministry of Social Affairs has suspended over 1.4 million social assistance recipients due to suspected involvement in online gambling. This guide outlines how citizens can verify their status and the procedures for correcting data inaccuracies or contesting suspensions.

Traffic Police Chief Urges Units to Prepare for 2027 Zero ODOL Implementation

The Head of the Indonesian National Police Traffic Corps, Inspector General Wibowo, has instructed regional traffic units to prepare for the 'Zero Over Dimension Over Load' (ODOL) policy set for 2027. He emphasised the need for thorough mapping of potential field issues and enhanced inter-agency coordination to prevent disruptions to public mobility.

One Avrist Synergy Strengthens AVRAM Investment Business

PT Avrist Asset Management (AVRAM) is enhancing its investment management operations as part of the broader Avrist Group synergy initiative. The company currently manages approximately Rp3.7 trillion in assets, offering a diverse range of conventional and Sharia-compliant mutual fund products.

Rp 1 Trillion Online Gambling Ring Uncovered Using Comment Spam Tactics

The Indonesian National Police's Cyber Crime Directorate has dismantled an international online gambling syndicate responsible for transactions totalling over Rp 1.03 trillion. The network utilised social media comment spam to direct users to gambling sites and employed fictitious companies to manage player deposits.

Reviving the Soul Amidst the Machines: The Silent Crisis in the Modern Workspace

This opinion piece explores the existential crisis facing professionals as Artificial General Intelligence (AGI) integrates into corporate supply chains. The author argues for a shift from conventional, mechanistic Human Resource Management towards a 'Conscuitous Human Resources' model to combat widespread burnout and alienation.

PEFINDO Assigns idA Rating to Provident Investasi Bersama

The Indonesian credit rating agency PEFINDO has assigned an idA rating to PT Provident Investasi Bersama Tbk (PALM) and its outstanding perpetual bonds. The rating reflects the company's strong investment portfolio quality and conservative financial policies, though it remains constrained by investment concentration.

PKS: To Improve Public Services, Every Rupiah Must Return to the People

The PKS Faction of the Jakarta DPRD has urged the Jakarta Provincial Government to ensure the 2026 Revised Regional Budget (APBD) is used efficiently and without waste. The faction emphasised that budget allocations must be based on clear evaluations to improve public services, including transport, health, and social assistance.

BPS allocates majority of 2027 budget to regional working units

The Indonesian Central Statistics Agency (BPS) has announced that 77.18 per cent of its approved 2027 budget of Rp6.48 trillion will be allocated to regional offices. Despite the approved funds, the agency has requested an additional Rp1.47 trillion to support national priority programmes and infrastructure repairs.

Who Was the Foreigner Probed in Febrie Adriansyah Graft Case?

The Attorney General's Office has questioned a foreign national as a witness in the alleged money laundering case involving former Deputy Attorney General Febrie Adriansyah. The investigation follows the identification of suspects linked to significant cash seizures and suspicious business entities in South Jakarta.

From Rp330 Trillion to Rp240 Trillion, MBG Budget Set for Further Reductions

The Indonesian government is planning further budget cuts for the Free Nutritious Meal (MBG) programme, with potential reductions to below Rp200 trillion. Finance Minister Purbaya Yudhi Sadewa indicated that efficiency measures and technological integration will be used to streamline the programme's costs.

West Kalimantan Governor Suspects Land Deliberately Burned to Create Farmland

West Kalimantan Governor Ria Norsan suspects that recent land fires in Kubu Raya Regency were intentional acts to clear shrubs for agricultural use. He emphasised the need for the government to provide heavy machinery alternatives to prevent the cheap but hazardous practice of slash-and-burn farming.

Pertamina Clarifies Confusion Over Vehicle Registration Requirement for Fuel Purchases

PT Pertamina Patra Niaga has cancelled a proposed local monitoring mechanism in South Sumatra that required motorists to present vehicle registration documents (STNK) to purchase fuel. The company issued a clarification to address public concern and prevent further widespread misunderstanding regarding national fuel purchase regulations.

Rupiah Opens Strong This Morning, US Dollar Drops to Rp17,610

The Indonesian Rupiah has shown significant strength against the US Dollar at the start of Friday's trading, appreciating to Rp17,610/US$. This movement follows a positive trend driven by a weakening US Dollar Index and expectations regarding interest rate shifts from the Bank of Japan and the Federal Reserve.

IDX Opens in Green Amid Correction Concerns, Wall Street Strengthens and Asian Markets Rebound

The Indonesia Stock Exchange (IHSG) opened higher on Friday, 4 September 2026, despite predictions of a potential limited correction. Market sentiment is being shaped by a rebound in Asian markets and Wall Street's significant gains following dovish comments from a Fed official.

MUI Calls for Istisqa Prayer to End Drought and Forest Fires

The Indonesian Ulema Council (MUI) has urged Muslims across the nation to perform Istisqa prayers to seek relief from prolonged drought and forest fires. This spiritual initiative aims to complement physical and technical efforts being undertaken by the government to manage the ongoing environmental crisis.

JCI Continues to Strengthen, Opening Up 0.44%

The Indonesia Composite Index (IHSG) opened higher on Friday, driven by domestic liquidity relaxation from Bank Indonesia and positive global sentiment. Investors are closely monitoring US labour market data for clues regarding future Federal Reserve monetary policy.

Ministry of Social Affairs Explains Reasons Behind DTSEN Decile Changes

The Indonesian Ministry of Social Affairs has clarified that recent significant shifts in the National Socio-Economic Single Data (DTSEN) deciles were due to the integration of 12 million new records from the BKKBN. The Ministry emphasised that decile changes reflect relative national rankings rather than individual wealth fluctuations, and that BPS has released a corrected version to stabilise the data.

Indonesian Citizen Joined Russian Military After Claiming Passport Purpose Was Tourism to Malaysia

An Indonesian man from Depok has been identified as one of eight Indonesian nationals reportedly recruited by the Russian military to fight in Ukraine. During his passport application, the individual claimed he was travelling to Malaysia for tourism and business, unaware that joining a foreign military could lead to the loss of his citizenship.

Pay PBB-P2 Before 30 September 2026 to Enjoy 5% Discount!

The Jakarta Provincial Government has announced a 5% discount on the principal amount of Land and Building Tax (PBB-P2) for the 2026 tax year if paid before the deadline. Taxpayers are encouraged to settle their obligations early to avoid monthly administrative penalties of 1% for late payments.

Asian Giant Set to Intervene in Strait of Hormuz, Deploying Troops

The South Korean government is reportedly preparing to deploy military assets to the Strait of Hormuz to support freedom of navigation. While the Blue House confirmed discussions regarding practical contributions, it clarified that a final deployment decision has not yet been approved.

7 Countries Mandate Church Tax: Are Many 'Apostates'?

Several European nations implement a mandatory church tax collected through national tax systems to support registered religious organisations. While some theorists suggest this tax may drive people away from religion, research indicates no direct correlation between church taxation and secularisation.

Ajaib Group Secures Rp 4.78 Trillion Investment

Ajaib Group has secured a significant investment of US$ 270 million (approximately Rp 4.78 trillion) from Japan's SBI Holdings. This marks the largest startup investment in Indonesia in the last five years, signalling strong foreign interest in the nation's financial ecosystem.

BRI Introduces Various Special Promos to Celebrate National Customer Day

PT Bank Rakyat Indonesia (Persero) Tbk (BRI) has launched a wide range of promotional offers across various sectors, including culinary, groceries, and travel, to commemorate National Customer Day 2026. The campaign aims to provide value to customers through discounts and cashback via BRImo, debit cards, and credit cards.

Stock Recommendations for Today: ASII, AMMN, to RATU

The Indonesia Composite Index (IHSG) rose by 1.09% on Thursday, driven by significant foreign net buying of blue-chip stocks. The report also highlights upcoming OJK regulations regarding the demutualisation of the Indonesia Stock Exchange and corporate developments from WINR and ERAA.