Indonesian Political, Business & Finance News

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Bank Director in Depok Charged with Embezzling Deposits and Fabricating Fictitious Loans Worth Billions

Indonesia's Financial Services Authority (OJK) has completed its investigation into fraud at PT Bank Perkreditan Rakyat (BPR) Panca Dana in Depok, charging three individuals including the former chief executive with embezzling depositor funds totalling Rp14 billion and fabricating 660 fictitious loan facilities worth Rp32.4 billion. The suspects face charges under Indonesia's banking law with potential sentences of up to 15 years imprisonment and fines of up to Rp5 billion.

Jakarta to Welcome Nyepi 2026 with Ogoh-Ogoh Parade and Penjor Installation at HI Roundabout

Jakarta's provincial government plans to hold the first-ever Nyepi celebration at the iconic HI Roundabout on 19 March 2026, featuring ogoh-ogoh processions and traditional penjor installations. Governor Pramono Anung Wibowo emphasised this initiative as a commitment to religious equality and tolerance, ensuring all major religious celebrations receive appropriate public space recognition in the capital.

US urges citizens to leave Iran immediately and bans travel to the country

US Secretary of State Marco Rubio has urged all American citizens to immediately leave Iran and banned further travel to the country, designating Iran as a state sponsor of unlawful detention following an executive order from President Donald Trump. The Trump administration has threatened additional measures, including potential restrictions on the use of US passports for travel to, through, or from Iran, whilst maintaining that diplomatic negotiations remain the preferred solution despite keepi

Indonesian SMEs Record Potential Transaction Worth Rp10.76 Billion at UK Fair

Nine Indonesian small and medium-sized enterprises (SMEs) recorded potential transactions worth 640,750 US dollars (approximately Rp10.76 billion) at the Spring Fair 2026 in the United Kingdom, according to the Ministry of Trade's Trade Attaché in London. The results reflect strong buyer interest in Indonesian products, particularly in home decoration, fashion and lifestyle sectors, with the UK currently ranking 15th as a destination for Indonesian textile exports with a 1.66 per cent market sha

Daughter of Former Police Chief Leaves PDIP, Joins PSI Following Visit to Jokowi

Nina Agustina, daughter of former National Police Chief General (Ret.) Da'i Bachtiar and former Indramayu Regent, has defected from the Indonesian Democratic Party of Struggle (PDIP) to join the Solidarity Indonesia Party (PSI) following a meeting with President Joko Widodo. PSI leadership welcomed her as part of the party's broader efforts to strengthen its ranks, particularly in West Java, with observers noting that Jokowi's endorsement is serving as a significant attraction for prominent figu

Brigade Joxzin Member Killed in Home Attack Following Rivalry Challenge

Kitin Yoga Tama Rustamaji, a 36-year-old member of the Brigade Joxzin civic organisation, was murdered in his home in Bantul, Yogyakarta in February whilst sleeping, with the assailant striking him with a machete. Prior to the killing, Rustamaji had allegedly been involved in rivalry challenges with another group, though the Brigade Joxzin's legal representative stated the victim had caused no problems within the organisation and police investigations remain ongoing.

Head of DPR Commission XI States There Are No Dead Ends in Politics

Mukhamad Misbakhun, Head of the DPR's Commission XI, has stated that politics always offers alternative policy choices rather than dead ends, with decision-makers able to select options that maximise benefits whilst minimising harm. Using fertiliser subsidy reform as an example, Misbakhun highlighted how the shift from a cost-plus margin model to a market-based mechanism has enabled state savings of approximately 20 per cent, with President Prabowo Subianto directing these savings as a discount

Removing Stigma: Special Needs School in Bekasi Trains Students in Entrepreneurship During Ramadhan

A special needs school (SLB) in Bekasi is running an entrepreneurship programme during Ramadhan, with students selling homemade food and beverages to challenge societal stigma and demonstrate their capabilities. The initiative, launched by SLB Kembar Karya Pembangunan III, aims to equip students with independence and self-employment skills beyond their schooling years. School leadership reports growing community support and enthusiasm for the student-run venture since its launch.

Public Works Minister Ensures Western Pantura Route Will Be Pothole-Free Before Eid Holiday

Public Works Minister Dody Hanggodo has pledged to clear remaining potholes on the western Pantura (North Coast) highway before the 2026 Eid exodus, with the number of defects reduced from 7,000 to 2,500. The minister acknowledged that repetitive road damage is caused by overloaded vehicles exceeding capacity limits, and plans comprehensive repairs using overlay techniques and concrete construction at critical sections, alongside critical river mouth normalisation projects to prevent flooding al

Kahf Launches IQRO' Redesign Project to Expand Qur'anic Literacy

Kahf has launched a redesigned version of the iconic IQRO' method, the foundational learning material for Qur'anic reading used across Indonesia and Southeast Asia for over four decades. The redesign modernises the visual presentation and approach whilst preserving the original methodology, responding to a 2023 national survey showing Indonesia's Qur'anic literacy index at 66.04 whilst highlighting persistent gaps in tajweed proficiency and reading fluency. The initiative, developed in collabora

Venue Distribution for PON 2028: West Nusa Tenggara 26 Sports, East Nusa Tenggara 22 Sports, Jakarta 26 Sports

The National Sports Week (PON) XXII/2028 sports venues have been allocated across three provinces: West Nusa Tenggara (NTB) and Jakarta will each host 26 sports, whilst East Nusa Tenggara (NTT) will host 22. The distribution was agreed upon at a coordination meeting at the Indonesian National Olympic Committee (KONI) and follows an efficiency-focused approach, with Jakarta serving as a supporting province to avoid unnecessary infrastructure development costs.

NTB Provincial Government Requests Additional Livestock Transport Vessels

The West Nusa Tenggara Provincial Government has formally requested the Ministry of Transportation to provide additional livestock transport vessels ahead of Eid al-Adha celebrations to prevent cattle congestion at regional ports. The province seeks two additional ships—a cattle transport vessel on the Bima-Tanjung Priok route and a roll-on/roll-off ferry with capacity for 50-70 trucks—as severe shipping constraints in 2025 resulted in the deaths of 16 cattle due to prolonged waiting periods at

Government Launches Free National Vocational Training Programme

The Indonesian government has officially launched the National Vocational Training Programme on 27 February 2026, designed to enhance the work competency of secondary school graduates to meet labour market demands. The initiative is initially targeting 20,000 participants from the past three years' SMA/SMK cohorts, with budget allocated from the state budget for up to 70,000 trainees. The government plans to scale up the programme following evaluation of the pilot phase.

US Dollar Weakens as Asian Currencies Strengthen, Rupiah Modest in Gains

Most Asian currencies appreciated against the US dollar in February 2026, with the Philippine peso leading at 2.04% gain, whilst the Indonesian rupiah recorded only 0.12% monthly appreciation to Rp16,760/US$. The mixed performance occurred despite the US dollar index (DXY) strengthening 0.64% monthly, driven by higher-than-expected US producer price inflation and geopolitical tensions affecting safe-haven demand.

Indonesia Urges Palestinian Authority Involvement in Gaza Through Board of Peace

The Palestinian Ambassador to Indonesia, Abdulfattah A.K. Al-Sattiri, affirmed Indonesia's pivotal role in the Board of Peace, highlighting that Indonesia has been actively advocating for Palestinian Authority presence in Gaza. The ambassador emphasised that only Palestinians themselves and honest nations like Indonesia can protect Palestinian people, whilst reiterating the Palestinian population's urgent needs for water, medicine, schools and universities alongside an end to the conflict.

The Dilemma of Padang Restaurants in Batam: Squeezed by Soaring Beef Prices Ahead of Ramadan

Padang restaurant operators in Batam are facing severe economic pressure as beef prices have surged to over 110,000 rupiah per kilogram for frozen meat and up to 150,000 rupiah per kilogram for fresh meat, significantly above the normal range of 80,000-90,000 rupiah. Small business owners are forced to reduce purchase volumes and cut profit margins, while meat vendors report sales drops of nearly 50%, and authorities have adopted a passive stance toward price stabilisation. UMKM entrepreneurs ar

Shots to the Leg Stop Ko Erwin, Drug Trafficker and Ex-Chief of Bima City Police

Erwin bin Iskandar, a major drug trafficker linked to a former Bima City Police Chief, was arrested by Indonesia's Narcotics Crime Directorate whilst attempting to flee to Malaysia by traditional boat near Asahan, North Sumatra on 26 February 2026. The arrest was made just in time as Erwin was about to cross into Malaysian waters, with officers firing shots at his leg to prevent his escape. The investigation has revealed that Erwin coordinated the illegal maritime crossing with accomplices inclu

Central Java Province Ready to Supply Renewable Energy in Batang Industrial Zone to Boost Investment

Central Java Provincial Government, through PT Jateng Petro Energi (JPEN), has committed to supporting renewable energy business development in the Batang Integrated Industrial Zone (KITB), signing a memorandum of understanding on 27 February 2026. JPEN plans to invest in 180 Megawatt renewable energy production with zero-interruption power systems to meet the zone's growing demand and attract premium investors in semiconductors, petrochemicals, and data centres, while creating high-skilled jobs

Police Anti-Narcotics Directorate Claims Former Police Chief Didik Received "Security Money" from Drug Suspect Koko Erwin

Indonesia's National Police (Polri) Anti-Narcotics Directorate has alleged that former Bima City Police Chief AKBP Didik Putra Kuncoro received "security money" (protection money) from suspected drug trafficker Koko Erwin, channelled through subordinate AKP Malaungi. The directorate arrested Koko Erwin on 26 February in Tanjung Balai, North Sumatra, whilst attempting to flee to Malaysia, along with two accomplices; investigations revealed Erwin provided Malaungi with 1 billion rupiah and 488 gra

Netflix Withdraws as Paramount Officially Acquires Warner Bros for Rp 1.7 Quadrillion

Paramount Global has announced a $111 billion (approximately Rp 1.7 quadrillion) acquisition of Warner Bros. Discovery at $31 per share, with funding backed by the Ellison family, RedBird Capital, and major banks. Netflix withdrew from the bidding process, deeming the acquisition price no longer financially attractive, leaving Paramount as the successful bidder pending regulatory approval.

Archive Statistics

261,470
Total Articles
1012
News Sources
1994-2026
Coverage Period