Indonesian Political, Business & Finance News

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OJK names two suspects in capital market case, transactions worth Rp 14.5 trillion

The Indonesian Financial Services Authority (OJK) has named two suspects in a capital market case involving around Rp 14.5 trillion in traded value. Investigations, including searches, were conducted, with the probe covering 2021–2023; the dossiers have been forwarded to prosecutors and awaiting P21 completion. The authorities have not disclosed the sectors or underlying assets implicated.

PLN Secures 84 Million Tonnes of Coal Supply, Denies Threat of Power Outages

PLN says it has secured 84 million tonnes of coal from eight major suppliers, enough to cover demand for PLN and independent power producers (IPPs) through to August 2026. The move is intended to counter concerns that RKAB adjustments and production cuts could threaten national electricity supply.

Survey: 70 per cent of ASEAN firms ready to expand, but worried about protectionism

ASEAN businesses are upbeat about expanding in the coming years, even as protectionism and supply-chain disruptions loom. About 70 per cent of respondents expect to expand in one to two years, and 48 per cent foresee higher operating profits in 2025 compared with 2024. The survey also highlights concerns over rising protectionism and underutilised FTAs, underscoring the urgency for regulatory simplification and more targeted support to maintain regional resilience.

Ramadan Seminar at Istiqlal Mosque: Suhoor as an Endeavour for Optimal Worship

At a Ramadan seminar hosted at Jakarta's Istiqlal Mosque, nutrition and faith intersect as doctors and public figures urge proper sahur to sustain energy throughout the fast. The event promotes Energen as a practical suhoor aid, drawing more than 12,000 attendees; it also highlights wider Ramadan initiatives at the mosque, including free iftar meals and future developments.

Amran Points the Finger at the Person Behind Rising Staples Prices, Delivers Stern Warning

Amran Sulaiman, head of the National Food Agency (Bapanas) and Minister of Agriculture, says price increases for essential goods ahead of Ramadan are driven more by distribution problems than by supply. He cites a 30% rise in the midstream chain and vows firm action, including licence revocation, to curb profiteering ahead of National Religious Holidays (HBKN).

Having a Building Permit Is Not Immunity, Pramono Warns of Strict Action Against Rogue Padel Courts

Jakarta Governor Pramono Anung says possessing a Building Permit (PBG) does not exempt padel courts from penalties and violators will face firm action. The administration has capped operating hours at 20:00, applies to all residential-zoned courts including those with PBG, and will not negotiate extensions. Jakarta has 397 padel courts, 185 of which lack permits; new courts in residential zones are prohibited, with future development allowed only in commercial zones and subject to initial technical approval from the Youth and Sports Agency.

BMKG outlines efforts to tackle forest and land fires and floods in Sumatra ahead of the dry season

BMKG says it continues to monitor disaster areas and is conducting Weather Modification Operations in Riau and West Kalimantan to prevent and mitigate forest and land fires. In North Sumatra, OMC is used to reduce rainfall to address ongoing floods, as officials prepare a national coordination meeting ahead of the dry season. BMKG also forecasts the dry season will begin in April 2026, with a longer-than-normal duration across most zones.

Gerindra: Free Nutritious Meals Programme Included in Education Budget Because Recipients Are Students

Gerindra defends including the Free Nutritious Meals Programme (MBG) in the education budget, arguing that recipients are students and the programme benefits the core of the education system. It says budget adjustments target inefficient and corruption-prone activities, with no cuts to MBG allocations, and calls for field oversight. The dispute follows PDI-P's publicised figures on the 2026 education budget.

7 MC Texts for the 2026 Nuzulul Quran Commemoration Ceremony: Short, Engaging, and Islamic

A guide to seven sample Master of Ceremony texts for a Nuzulul Quran commemoration, illustrating different tones from formal mosque settings to youth and campus environments, emphasising MCs' understanding of context, audience, and mood. The texts are drawn from public speaking references and are designed to be adapted to local circumstances.

Impact of the Iran–Israel War: IHSG Closes Nearly 5% Down, Rupiah Also Weaker

Jakarta's benchmark stock index fell as Middle East tensions intensified, with the IHSG closing down 4.57% and the rupiah weakening. The decline was broad-based, supported by high trading volumes, and other regional indices also fell amid fears of a global energy crisis as Iran's actions disrupt Hormuz and oil prices rise.

Presidential Staff Office: Free Nutritious Meals Program Reaches 61.2 Million Recipients by Early March 2026

The MBG programme has reached 61,239,037 beneficiaries as of early March 2026, including schoolchildren, toddlers, pregnant and lactating women. It is supported by 24,443 Nutrition Service Units and overseen by 32,869 field supervisors; 8,700 units have Hygiene Sanitation Certification. The government aims for 82.9 million beneficiaries in 2026 and plans to expand the network to 32,000 units, while emphasising local economic impact through supplier networks and local procurement.

Video: Hotel Business Expansion in 2026 as Purchasing Power Slumps and War Effects

Pollux Group, led by Handojo Koentoro Setyadi, remains optimistic about its diverse property business amid economic and geopolitical headwinds, planning hotel expansion from Cikarang to Semarang in 2026. In 2025, hotel and apartment segments declined by around 5% while malls and F&B grew; the interview with CNBC Indonesia's Closing Bell airs on 4 March 2026.

Iran's Revolutionary Guards claim attack on IDF headquarters and Israeli Defence Ministry

Iran's Islamic Revolutionary Guard Corps claims it attacked the Israeli Defence Forces' General Staff Headquarters and the Ministry of Defence. The IRGC asserts hits on strategic sites in Bnei Brak, Petah Tikva and Western Galilee, and says more than 680 US and Israeli soldiers have been killed or wounded since the conflict began. It notes US-Israeli strikes on Iran on 28 February and Iran's retaliatory missile strikes against Israel and US facilities in the Middle East.

Hopeful and Anxious Ojol Drivers in Jogja Await News of BHR Payout

The government has announced a Bonus Hari Raya (BHR) for online motorcycle taxi drivers (ojol) ahead of Lebaran 2026, with about 850,000 recipients and a Rp 220 billion budget. Distribution is expected to begin from H-14 to H-7 before Idul Fitri, but drivers in Jogja report they have yet to hear official details from their apps about eligibility or timing.

IWD 2026 Celebrations: KPPPA Highlights 12 Gender Equality Issues

Indonesia’s Ministry for Women’s Empowerment and Child Protection (KPPPA) highlights twelve critical areas for realising gender equality ahead of International Women’s Day 2026, including poverty alleviation, education and training, women’s health, ending violence against women, and boosting women’s participation in decision-making. The government adopts a layered approach—rights, protection, empowerment, and essential services—integrating gender mainstreaming into national development plans such as RPJMN 2025-2029 and the Asta Cita framework.

East Jakarta's Satpol PP cracks down on street vendors and illegal parking in Duren Sawit

Satpol PP and partner agencies conducted a Bina Tertib Praja operation in Duren Sawit targeting street vendors and illegal parking under Perda No. 8/2007 on Public Order. Violators face yellow cards, written statements, and, for illegal parking, tire-valve removal operations to deter breaches; authorities plan ongoing patrols and better pedestrian access.

KPK: The Family of Fadia Arafiq Enjoy Rp19 Billion From Pekalongan Regency Government Outsourcing Services

The KPK has revealed that the family of Pekalongan Regent Fadia Arafiq benefited Rp19 billion from outsourcing services procurement and other procurements within the Pekalongan Regency Government for the 2023-2026 fiscal years. The agency alleges intercession to secure contracts for the family business, with Fadia named as the sole suspect. The case arose from a KPK arrest operation in Semarang on 3 March, with 14 people detained.

How to File Your Personal Annual Tax Return for 2026 via Coretax, Deadline 31 March

Taxpayers can now file their Personal Annual Tax Return entirely online through the DJP Coretax system, reducing the need to visit offices. After activating their Direktorat Jenderal Pajak Coretax account, the filing can be completed online, with an electronic receipt issued upon successful submission. The deadline is 31 March 2026 to avoid administrative sanctions.

Don’t Just Buy Takjil Blindly: Here Are Signs of Foods Containing Formalin and Borax

BPOM warns that some takjil sold may be treated with hazardous substances, including formalin, borax and illegal textile dyes. It outlines signs of contamination—unusual texture, odour, long shelf-life at room temperature, or striking colours—and highlights health risks from long-term exposure.

KPK Reveals Regency Secretary and Officials Warned Pekalongan Regent Fadia Arafiq

The Corruption Eradication Commission (KPK) has disclosed that Pekalongan Regent Fadia Arafiq was warned by the regency secretary and other officials about potential conflicts of interest in a procurement that benefited a family-owned company; she did not heed the warnings. The KPK has named her the sole suspect in a Rp46 billion outsourcing procurement case and she has been detained as part of the investigation, with prosecutors suggesting the case tests KPK's objectivity amid other high-profile cases.

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269,334
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1012
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1994-2026
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