Archive: 7 September 2026
Showing 701-750 of 1,631 articles
Mon, 07 Sep 2026, 16:21 WIB
Prabowo orders bigger disaster mitigation budget, more equipment
President Prabowo Subianto has ordered a substantial increase in Indonesia's disaster mitigation budget, citing the country's exposure to the Pacific Ring of Fire and recent earthquakes, wildfires and volcanic eruptions. He directed ministers to draft a disaster mitigation master plan and procure additional equipment, including helicopters, water pumps, small excavators for rural areas, and the conversion of the aircraft carrier Giuseppe Garibaldi to carry ten water-bombing helicopters.
Mon, 07 Sep 2026, 16:21 WIB
BNPB Reveals 458 Hectares of Land in IKN Still Burning
BNPB chief Suharyanto disclosed that 458 hectares of land in the Nusantara Capital City (IKN) area of East Kalimantan remain unextinguished. Of some 72,008 hectares of forest and land burnt nationally, only 71,274.29 hectares have been put out. President Prabowo Subianto ordered additional assets be deployed to prevent the fires reaching IKN's core zone.
Mon, 07 Sep 2026, 16:21 WIB
Soetta, Halim and Curug Pass Paper Test, No Trace of Volcanic Ash
Four airports temporarily closed due to the eruption of Mount Anak Krakatau have tested negative for volcanic ash, according to BMKG chief Teuku Faisal Fathani. The results were reported to President Prabowo Subianto at a limited disaster management meeting at the State Palace. Authorities are now coordinating with the Darwin Volcanic Ash Advisory Centre to restore SIGMET warnings and allow limited airport reopenings.
Mon, 07 Sep 2026, 16:20 WIB
ITS Expert: Beware of Mount Semeru and Merapi
An expert from the Sepuluh Nopember Institute of Technology (ITS) has urged the public to stay alert to Mount Semeru and Mount Merapi, as both volcanoes sit close to densely populated areas. Alutsyah Luthfian also cautioned that near-simultaneous eruptions at several Indonesian volcanoes do not necessarily indicate a direct link between their activity. His remarks follow a recent eruption of Anak Krakatau that spread volcanic ash over a wide area.
Mon, 07 Sep 2026, 16:20 WIB
Prabowo Considers Merging the Geological Agency and BMKG
President Prabowo Subianto is considering integrating the Geological Agency and the Meteorology, Climatology and Geophysics Agency (BMKG) to improve monitoring of disasters in Indonesia. The idea was raised during a limited cabinet meeting on disaster management, given Indonesia's position on the Pacific Ring of Fire and recent eruptions in North Sumatra, East Java and Halmahera.
Mon, 07 Sep 2026, 16:20 WIB
Chinese Tycoons Set to Descend on the White House — What's Going On?
President Xi Jinping is reportedly preparing a delegation of top Chinese technology executives to accompany him to Washington for a summit with the United States on 24 September. The move is seen as a signal of Beijing's willingness to restore cooperation and strengthen commercial ties, though officials expect only modest outcomes given America's harsh investment climate for Chinese firms.
Mon, 07 Sep 2026, 16:19 WIB
Prabowo Shocked Burnt Land Immediately Became Plantations, Asks Police Chief to Submit Names of Involved Corporations
President Prabowo Subianto has ordered National Police Chief General Listyo Sigit Prabowo to hand over the names of corporations involved in forest and land fires, after expressing surprise that burnt land had swiftly been converted into plantations. The President signalled his readiness to revoke all permits, including business licences and right-to-cultivate titles (HGU), of any company proven to be involved.
Mon, 07 Sep 2026, 16:19 WIB
Video: Using Railways, PTBA Logistics Unaffected by the Long Dry Season
PT Bukit Asam Tbk (PTBA) credits its positive performance to employee contributions and efficiency strategies that control the coal stripping ratio and overburden. The company is reinforcing railway-based logistics management to cope with transport challenges during the prolonged dry season, whilst strengthening planning for a 40-hectare mining permit to maintain efficiency.
Mon, 07 Sep 2026, 16:16 WIB
Prosecutors Question Son of Former NTB Governor in Bank NTB Syariah Credit Case
The West Nusa Tenggara High Prosecutor's Office has questioned Muhammad Ihsan, son of former governor Zulkieflimansyah, as a witness in a corruption investigation into an Rp 11 billion credit facility extended by Bank NTB Syariah to PT Carsten Group Indonesia for the 2023 MXGP event. Ihsan previously served as chief executive of promoter PT Samota Enduro Gemilang until April 2023, though his lawyer insists he had no knowledge of the loan. The case is one of three separate corruption probes linked to Bank NTB Syariah-financed motocross events in the province.
Mon, 07 Sep 2026, 16:16 WIB
Deputy Chief of Police Leads Disaster and Social Conflict Preparedness Parade at Cikeas
The Indonesian National Police (Polri) held a readiness parade for disaster management and social conflict response at the Brimob training centre in Cikeas, Bogor, West Java. The event was led by Deputy Chief of Police Commissioner General Dedi Prasetyo, who delivered a message on behalf of Chief of Police General Listyo Sigit Prabowo.
Mon, 07 Sep 2026, 16:16 WIB
Prabowo Reviews Response to Multiple Disasters in Virtual Meeting
President Prabowo Subianto chaired a virtual meeting from Merdeka Palace to monitor the government's response to multiple simultaneous disasters, including the Flores earthquake that killed at least 129 people, forest fires across Sumatra and Kalimantan, and eruptions of Mount Anak Krakatau. Ashfall from Anak Krakatau has reached Greater Jakarta, prompting several provincial governments to implement remote learning. Prabowo noted that such disasters are part of Indonesia's fate as a nation situated on the Ring of Fire.
Mon, 07 Sep 2026, 16:15 WIB
'Doomsday' for Marine Fuel Sends Prices Soaring, Asia Hit Hardest
A global shortage of marine and power-station fuel oil is looming in the third quarter as war disrupts refineries and tanker traffic, forcing prioritisation of diesel and other products. Asia, heavily reliant on Gulf oil flows disrupted by the Iran conflict, is expected to suffer most. Very low sulphur fuel oil prices in Singapore have leapt 76% since the war began, far outpacing Brent crude.
Mon, 07 Sep 2026, 16:14 WIB
Mount Anak Krakatau Remains on Level III Alert This Afternoon as Seismic Activity Stays High
Seismic activity at Mount Anak Krakatau in Lampung remains high, with the volcano still at Alert Level III (Siaga). The Geological Agency recorded 17 low-frequency earthquakes, 23 hybrid earthquakes and 9 tremor events during the morning monitoring period, indicating an eruption could occur at any time. Intensive monitoring continues from observation posts in Pasauran, Banten and Kalianda, Lampung.
Mon, 07 Sep 2026, 16:13 WIB
Ministry of Hajj and Umrah Asks PPIUs to Continue Serving Umrah Pilgrims Amid Flight Disruptions Caused by Eruption
The Ministry of Hajj and Umrah has instructed all umrah travel associations (PPIUs) to carry out mitigation measures and assist pilgrims affected by volcanic ash from Mount Anak Krakatau. Flight operations at Soekarno-Hatta Airport have been suspended since 6 September 2026, delaying pilgrims travelling to and from Saudi Arabia. The Ministry stressed that accommodation, meals, transport and basic needs must be provided until journeys can resume.
Mon, 07 Sep 2026, 16:13 WIB
Ministry of Primary and Secondary Education: Integrated National Schools Answer the Needs of Exceptionally Gifted Pupils
The Ministry of Primary and Secondary Education (Kemendikdasmen) says its Integrated National School (SNT) programme addresses the needs of pupils with exceptional intelligence and special talents, as mandated by the National Education System Law. Pupils follow a combined national, school-specific and local curriculum covering STEAMS subjects, leadership and entrepreneurship. The programme allows high-achieving pupils to develop their capacities in an integrated way from junior through to senior secondary level.
Mon, 07 Sep 2026, 16:13 WIB
Presidential Staff Office: Negligence by Nutrition Service Unit Managers Could Lead to Prosecution
The Presidential Staff Office (KSP) has warned that managers of the Nutrition Fulfilment Service Units (SPPG) running the Free Nutritious Meal programme could face criminal proceedings if negligence leads to food poisoning among beneficiaries. Senior Expert Aby Ismawan stressed full compliance with standard operating procedures and said heads of SPPG must be on site during food preparation.
Mon, 07 Sep 2026, 16:12 WIB
KAI Adds Extra Trains from Surabaya to Jakarta: See the List
PT Kereta Api Indonesia's Surabaya Operational Region 8 has added an extra train service from Surabaya Pasarturi station to Gambir in Jakarta, following disruption caused by the eruption of Mount Anak Krakatau. The additional service comprises three executive-class and six economy-class carriages with 582 seats, whilst the night Anggrek service has also been upgraded to nine executive carriages. Passenger numbers in the region rose 8 per cent week-on-week to 40,723 on Sunday.
Mon, 07 Sep 2026, 16:12 WIB
OJK: Price Discovery Mechanism for Mineral Exchange Still Being Formulated
Indonesia's Financial Services Authority (OJK) is still formulating the price discovery mechanism for the planned Mineral and Strategic Commodities Exchange (BMKS), drawing on global and domestic commodity price practices. Two regulatory frameworks are currently under public consultation, with coordination under way with the House of Representatives, ministries, Danantara, Bank Indonesia and the mineral industry task force.
Mon, 07 Sep 2026, 16:11 WIB
Canada Prepares Additional Sanctions to Pressure Iran
Canada has pledged to coordinate with international allies to impose further sanctions on Iran over its destabilising activities in the Middle East. Foreign Minister Anita Anand and Finance Minister François-Philippe Champagne highlighted threats to shipping in the Strait of Hormuz and Iran's illicit nuclear activities, reaffirming support for US-led pressure campaigns.
Mon, 07 Sep 2026, 16:11 WIB
UBSI Management Student Salwa Habibah Advances to Offline Pitching Round of WMP DKI Jakarta 2026
Salwa Habibah, a fifth-semester management student at Universitas Bina Sarana Informatika (UBSI), has advanced to the offline pitching stage of WMP DKI Jakarta 2026 with her culinary business, Pentol Sea Tea. She and her team presented the business to seven judges and offered product samples at the DKI Youth and Sports Office in East Jakarta. The venture was developed with support from the UBSI Business Incubator, part of the university's efforts to foster young entrepreneurship.
Mon, 07 Sep 2026, 16:11 WIB
KPK Summons Wife of Pemalang Regent Over Extortion Case
The Corruption Eradication Commission (KPK) has summoned Noor Faizah Maenofie, wife of suspended Pemalang Regent Anom Widiyantoro, as a witness in an extortion case. The KPK has named four suspects, including the regent, and alleges that Rp 1.98 billion was collected through his confidant.
Mon, 07 Sep 2026, 16:10 WIB
Interview with 'King of Krakatau' Prof Tukirin: This Volcano Teaches the Succession of Life
Professor Tukirin Partomihardjo, a veteran Indonesian researcher dubbed the 'King of Krakatau', has spent over three decades studying the ecosystem of the Krakatau islands. In an interview, he explains how life recolonises the devastated islands after each eruption, and warns that natural resource exploitation must be managed wisely. He also assesses the risk of another landslide like the one that triggered the deadly 2018 tsunami.
Mon, 07 Sep 2026, 16:10 WIB
Video: LPS Reveals Its Role in Banking to University Students
The Deposit Insurance Corporation (LPS) continues to promote financial literacy and inclusion among young people in Bandar Lampung. The initiative gave university students an opportunity to learn about personal financial management and understand LPS's role in maintaining public trust in the banking industry.
Mon, 07 Sep 2026, 16:09 WIB
VinFast Eases Consumer Concerns Over Electric Vehicle Ownership
VinFast Indonesia has introduced its 'Drive Worry Free' concept at GIIAS 2026 to address common concerns among prospective electric vehicle buyers, such as charging access, battery maintenance and resale value. The programme includes free charging until March 2029, battery subscription schemes, and a network of more than 3,200 V-GREEN charging stations nationwide. Analysts noted that middle-class Indonesian consumers increasingly prioritise operating costs and ownership value over performance and features.
Mon, 07 Sep 2026, 16:08 WIB
Deputy Police Chief Shifts Forest Fire Strategy from Reactive to Multi-Approach Policing
Deputy National Police Chief Commissioner General Dedi Prasetyo has called for a shift from reactive firefighting to a multi-approach policing strategy for land and forest fires, combining prediction, prevention, technology, community engagement and ecological management. The directive was delivered at a briefing for 322 task force personnel being deployed to South Sumatra and three Kalimantan provinces. As of 6 September 2026, some 113,616 hotspots had been recorded with 202,010 hectares burnt across 38 provinces.
Mon, 07 Sep 2026, 16:08 WIB
Fortified Rice Floods the Market, Making Medium-Premium Rice Scarce?
Fortified rice claiming added vitamins is increasingly dominating modern retail shelves in Indonesia, often displacing regular medium and premium rice while being sold far above the government-set maximum retail prices. Agriculture Minister and National Food Agency head Amran Sulaiman suspects some producers have shifted to fortified rice for higher margins, with laboratory tests suggesting many products fail to meet fortification standards. He estimates consumer losses of up to Rp89.19 trillion annually and is investigating the impact on inflation.
Mon, 07 Sep 2026, 16:07 WIB
Green Policing Goes to School: Kampar Police Chief Invites Students to Plant Trees
The Kampar Police Resort brought its 'Police Goes to School' programme to SMPN 1 Bangkinang Kota, promoting environmental awareness and forest fire prevention among students. Police Chief AKBP Bobby Ramadhan Putra Sebayang led the ceremony and a tree-planting session, supported by interactive safety education from the traffic unit and the Kampar District Fire Service.
Mon, 07 Sep 2026, 16:06 WIB
AHY Deemed Ready to Contend the Presidential Election — Here Is the Democrats' Response
Senior Democrats have dismissed Golkar Deputy Chairman Ahmad Doli Kurnia's suggestion that Agus Harimurti Yudhoyono (AHY) is signalling readiness to run in the 2029 presidential election. Party figures say AHY's recent remarks merely emphasised support for President Prabowo's strategic programmes and the constitutional two-term limit on power. Doli had argued that figures within the ruling coalition, including the 'Solo' and 'Cikeas' political axes, were already positioning themselves for the 2029 contest.
Mon, 07 Sep 2026, 16:06 WIB
Bank BSN expands merchant network to boost digital transactions
PT Bank Syariah Nasional (Bank BSN) is expanding its merchant penetration in major cities through the Serbu Ekosistem Programme, aiming to increase digital transactions and strengthen its business ecosystem. As of 31 August 2026, its mobile banking service Bale Syariah by BSN had 238,897 active users with transactions worth Rp6.57 trillion, whilst its QRIS service was used by 2,102 merchants. The programme will roll out through roadshows starting in Jakarta and continuing to Banda Aceh, Bandung and Surabaya.
Mon, 07 Sep 2026, 16:06 WIB
Doli reads AHY's signals towards the 2029 Presidential Election
Ahmad Doli Kurnia, Deputy Chairman of Golkar's Central Executive Board, has interpreted Democratic Party Chairman Agus Harimurti Yudhoyono's recent remarks on power as a strong signal that AHY is ready to contest the 2029 presidential election. Doli said the statement suggests the contest is becoming increasingly open, whilst stressing that Golkar remains focused on supporting the Prabowo-Gibran government's programmes.
Mon, 07 Sep 2026, 16:06 WIB
Kapmi and PLN Energi Gas ready to collaborate to strengthen the energy ecosystem
The Central Executive Board of the Indonesian Young Entrepreneurs Chamber (BPP Kapmi) and PT PLN Energi Gas have agreed to explore strategic cooperation aimed at strengthening the national energy ecosystem. A memorandum of understanding is being formulated, covering human resource training, gas supply chain partnerships and the empowerment of young entrepreneurs.
Mon, 07 Sep 2026, 16:06 WIB
Anak Krakatau Ash Affects Jakarta Residents, Masks Distributed in 44 Urban Villages
Central Jakarta's Public Order Agency has distributed 4,000 masks across 44 urban villages to protect residents from volcanic ash from Mount Anak Krakatau. The Meteorology, Climatology and Geophysics Agency (BMKG) reported that ash has spread over Banten, Jakarta, West Java and as far as Bengkulu, prompting temporary closures of several airports on Java and Sumatra. Residents have been urged to limit outdoor activities and rely only on official information.
Mon, 07 Sep 2026, 16:05 WIB
Telkom Keeps the Door Open on Mitratel-TBIG Merger
PT Telkom Indonesia says it remains open to consolidation opportunities in the tower industry amid reports that its subsidiary Mitratel may merge with Tower Bersama Infrastructure (TBIG). CEO Dian Siswarini said consolidation is a natural phase of industry maturation in capital-intensive sectors, whilst stressing any corporate action must strengthen the business and create long-term value for the wider Telkom Group.
Mon, 07 Sep 2026, 16:05 WIB
Not Relying on Internal Funds, Telkom Seeks Strategic Partners to Develop Data Centre Business
PT Telkom Indonesia is pursuing strategic partnerships rather than relying solely on internal funds for its data centre expansion, citing substantial investment needs. Two projects are planned — the second phase of its Cikarang data centre and a new facility in Batam — both targeted to begin in 2027. Telkom's data centre business recorded revenues of Rp867 billion in the first half of 2026, an 11 per cent year-on-year increase, with effective capacity of 49.9 MW.
Mon, 07 Sep 2026, 16:05 WIB
Tapera urges young generation to utilise FLPP to buy their first home
BP Tapera Commissioner Heru Pudyo Nugroho has encouraged Indonesians without homes, particularly young people, to take advantage of the FLPP housing financing programme. Provisional data up to 4 September 2026 shows the largest beneficiary group is aged 19–25, with 144,691 subsidised units delivered nationwide at a value of Rp17.99 trillion. The government has set a quota of 350,000 subsidised homes for 2026, leaving ample opportunity for eligible first-time buyers.
Mon, 07 Sep 2026, 16:05 WIB
Video: Coal Business Analysis – PTBA Strengthens Energy Resilience in an Era of War
PT Bukit Asam (PTBA) is targeting production of 48 million tonnes in 2026 whilst meeting its Domestic Market Obligation of 50% of total output. The company is also pushing coal downstream projects, including gasification into dimethyl ether to replace LPG, and expanding beyond coal.
Mon, 07 Sep 2026, 16:04 WIB
Impact of Anak Krakatau Eruption Must Be Anticipated Ahead of Mandalika MotoGP
A member of West Nusa Tenggara's tourism promotion board has warned that flight disruptions caused by the Anak Krakatau eruption could hamper tourist access to Lombok, a key concern ahead of the 2026 Mandalika MotoGP. Ali Muhtasom called for testing five dimensions of tourism resilience and establishing a Tourism Resilience Command Centre. He also urged encouraging earlier tourist arrivals to avoid a concentration of visitors immediately before the race.
Mon, 07 Sep 2026, 16:04 WIB
Developing Green Talent, PT CCEPC Wins 2026 Green Economy Award
PT CCEPC Indonesia has received the 'Appreciation for Talent Development in Renewable Energy' accolade at detikcom's 2026 Green Economy Awards. The award recognises its tripartite partnership with Politeknik Negeri Ujung Pandang and Wuhan Electric Power Technical College, which established a green energy talent development base at the PNUP campus. The initiative aims to build local workforce capacity in renewable power beyond the life of individual projects.
Mon, 07 Sep 2026, 16:04 WIB
BMKG Steps Up Weather Modification to Clear Anak Krakatau Volcanic Dust Within Two Days
Indonesia's Meteorology, Climatology and Geophysics Agency (BMKG) aims to clear volcanic dust from the eruption of Mount Anak Krakatau within one to two days through weather modification operations. Two methods are being used depending on cloud conditions, spraying water mixed with surfactant to bind dust particles, or cloud-seeding agents to trigger rainfall. Operations are being run from posts in Semarang and Kertajati using aircraft brought in from Kalimantan.
Mon, 07 Sep 2026, 16:04 WIB
Transport Minister prepares 10 round-the-clock airports to speed up flight recovery
Transport Minister Dudy Purwagandhi has designated ten airports to operate 24 hours a day to accelerate the recovery of flight schedules disrupted by the eruption of Mount Anak Krakatau. Five of them, including Kertajati, Juanda Surabaya and Yogyakarta International Airport, will serve as alternates for the seven affected airports. The government is tracking volcanic ash movement before reopening airports, and Juanda will boost capacity using wide-body aircraft.
Mon, 07 Sep 2026, 16:03 WIB
Haedar Nashir's Message to New UMY Students: Private Universities Are Not Second Class, This Is the Era of Quality
Some 4,580 new students attended the Orientation Period (Mataf) at Universitas Muhammadiyah Yogyakarta for the 2026/2027 academic year. Prof Haedar Nashir, Chairman of the Central Board of Muhammadiyah, urged them not to feel inferior about studying at a private university, saying quality is now measured against national and global standards. He also called on students to develop noble character and use their knowledge to benefit society.
Mon, 07 Sep 2026, 16:03 WIB
BMKG: Rain Expected in Areas Affected by Mount Anak Krakatau Eruption on 9-12 September
The Meteorology, Climatology and Geophysics Agency (BMKG) has forecast light to moderate rain over areas affected by volcanic ash from the Mount Anak Krakatau eruption between 9 and 12 September 2026, which is expected to help reduce ash disruption, including to flights. The announcement was made during a disaster management briefing with President Prabowo Subianto, during which BMKG also noted a favourable shift in wind direction and ongoing coordination with the Darwin Volcanic Ash Advisory Centre, as nine airports remain closed.
Mon, 07 Sep 2026, 16:02 WIB
Police Impose Moratorium on Criminal Cases Linked to Agrarian Conflict
The National Police's Criminal Investigation Department has imposed a temporary moratorium on handling criminal cases connected to structural agrarian conflicts, following a meeting with the House of Representatives' Commission III. The move comes as Parliament revises the Agrarian Reform Law, with police pledging to prioritise civil law principles, mediation and restorative justice over criminal prosecution.
Mon, 07 Sep 2026, 16:02 WIB
OJK Reveals 16 Financing Companies Still Short on Capital
Indonesia's Financial Services Authority (OJK) has disclosed that as of July 2026, nine multifinance companies had yet to meet the minimum core capital requirement of Rp100 billion, whilst seven online lending operators fell short of the Rp12.5 billion minimum equity rule. All affected firms have submitted action plans to the regulator, which also imposed administrative sanctions on 81 PVML-sector entities in August 2026. The announcement comes amid divergent performance across the industry, with financing receivables growing 2.01% year on year to Rp513.05 trillion.
Mon, 07 Sep 2026, 16:01 WIB
Askrindo wins award for insurance marketing strategy
State-owned insurer PT Asuransi Kredit Indonesia (Persero), known as Askrindo, has received the 'Best Chief Marketing Officer 2026' award at the Indonesia Best CMO Awards 2026 for its general insurance marketing strategy. Business Director Budhi Novianto accepted the award, which recognised the company's efforts to promote insurance inclusion and education through strategic cross-sector partnerships. He emphasised that marketing must now demonstrate measurable business impact whilst supporting broader financial inclusion.
Mon, 07 Sep 2026, 16:01 WIB
Ahmad Yani Airport Operates 24 Hours While Soekarno-Hatta Remains Closed Due to Mount Anak Krakatau Eruption
Ahmad Yani Airport in Semarang, Central Java, has begun round-the-clock operations to accommodate diverted flights while Soekarno-Hatta Airport remains closed until Monday evening owing to the eruption of Mount Anak Krakatau. The airport recorded 29 flight cancellations affecting 3,420 passengers, and management has readied operational vehicles to assist stranded travellers.
Mon, 07 Sep 2026, 16:01 WIB
Kertajati and YIA Serve as Alternatives to Seven Airports Closed Following Anak Krakatau Eruption
The Transport Minister, Dudy Purwagandhi, has revealed that seven airports remain temporarily closed due to volcanic ash from the eruption of Mount Anak Krakatau. Four airports — Kertajati, Ahmad Yani, Adi Sumarmo and Yogyakarta International — have been prepared as alternatives, including for international flights. The announcement was made during a limited disaster-management meeting chaired by President Prabowo Subianto at the Merdeka Palace.
Mon, 07 Sep 2026, 16:00 WIB
Flight Disruptions: Umrah Association Says Pilgrims May Bear Losses Independently
The Indonesian Hajj and Umrah Operators Association (Himpuh) has warned that flight disruptions caused by volcanic ash from Mount Anak Krakatau's eruption may leave umrah pilgrims out of pocket, as hotels, visas and air tickets included in packages could be affected. Himpuh has set up a dedicated communication channel for tour leaders and is coordinating with the Ministry of Hajj and Umrah, airlines and the Ministry of Transport. The association is currently tallying affected members whilst maintaining intensive communication to ensure pilgrims are properly handled.
Mon, 07 Sep 2026, 16:00 WIB
Due to Special Interest Rates, 30% of Customer Deposits Are Not Guaranteed by LPS
The Deposit Insurance Corporation (LPS) has revealed that around 30% of bank customer deposits earn interest above the guaranteed interest rate (TBP), placing them outside the LPS guarantee scheme. LPS Commissioner Doddy Zulverdi said this stems from banks offering special rates to attract funds, and warned that high funding costs could backfire on banks unable to deploy deposits productively.
Mon, 07 Sep 2026, 15:59 WIB
Academic: Mineral downstreaming strengthens national economic added value
Hatta Ridho, Dean of the Faculty of Social and Political Sciences at Universitas Sumatera Utara, has expressed optimism that mineral downstreaming will strengthen Indonesia's economic added value and broaden employment opportunities. He emphasised that the benefits of natural resources should not stop at exploration and production, but extend to domestic processing industries, including nickel, bauxite, aluminium, tin and gold managed by MIND ID member companies.