Indonesian Political, Business & Finance News

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16-Year-Old Dies as Homemade Firecracker Explodes; Police Investigate

A 16-year-old from Plosojenar Village in Ponorogo, East Java, was killed when a homemade firecracker exploded on 1 March whilst another person suffered serious injuries. Police from Ponorogo District are investigating the incident and have secured evidence, whilst authorities warn the public against manufacturing or igniting firecrackers due to safety risks.

Differing Economic Impact of US Strikes on Iran and Venezuela: Could This Trigger Global Recession?

Combined US and Israeli military strikes on Iran risk disrupting Middle Eastern oil supplies and triggering global recession, given Iran's critical role as OPEC's fourth-largest oil producer and its control of the strategically vital Strait of Hormuz. The Strait of Hormuz handles approximately 20 percent of global oil trade and 20-25 percent of liquefied natural gas trade, with crude oil prices potentially rising 5-7 US dollars per barrel, and could exceed 100 US dollars per barrel if Iran close

IHSG Predicted Volatile This Week Driven by Rising Geopolitical Risk

The Indonesian Composite Index (IHSG) is expected to move volatilely this week with consolidation tendencies between support at 8,031 and resistance at 8,437, driven by escalating geopolitical tensions in the Middle East and rising global risk premiums. While higher energy commodity prices could support Indonesia's mining and energy sectors as a major coal and energy exporter, prolonged oil price spikes pose risks through currency depreciation and inflationary pressures on the current account. T

Prepare for the Storm: Iran Conflict and China's Grand Agenda Could Shake Indonesia

Global stock markets declined sharply on Friday following higher-than-expected US producer price inflation data, intensifying concerns about persistent inflation and market volatility. The situation has worsened following escalating military tensions in the Middle East, with the US and Israel launching strikes against Iran that have killed senior Iranian leaders, creating significant geopolitical uncertainty that threatens to destabilise emerging markets including Indonesia.

Mark Your Calendar: Free Mudik Ticket Exchange Locations and Schedule for Pelindo 2026

PT Pelabuhan Indonesia (Pelindo) is offering a free mudik programme for 2026 featuring 152 buses with over 7,000 seats for passengers travelling to celebrate Eid al-Fitr. Ticket exchange verification will take place at Masjid Al-Qodam Mutaqwa in Tanjung Priok, Jakarta on 2-3 March 2026, with departures scheduled for 16 March and returns on 27 March across 13 domestic routes.

Yellow-Jacketed Man Who Pointed at Police During Protest Turns Out Not to Be UI Student

Universitas Indonesia (UI) has clarified that a man who went viral for shouting and pointing at police during a demonstration outside police headquarters in South Jakarta on 27 February 2026 is not a UI student, despite wearing what appeared to be the university's distinctive yellow alumni jacket. The university expressed strong objection to the misuse of its institutional symbols without authorisation, citing risks to its reputation and concerns about misinformation. UI reiterated its commitmen

BMKG Issues Early Warning for Maximum Sea Level Rise in Bali's Coastal Areas

The Indonesian Meteorological, Climatological and Geophysical Agency's (BMKG) Region III office has issued an early warning for potential maximum sea level increases across several Bali coastal regions from 2–9 March 2026, attributed to the Perigee phase on 25 February and the full moon on 3 March. The predicted tidal surge will affect coastal communities and economic activities in five regencies, including port operations, aquaculture, and salt farming, with the agency urging residents to remai

Impact of Strait of Hormuz Closure: Global Fertiliser Supply Could Be Disrupted

Geopolitical tensions in the Middle East have renewed focus on the Strait of Hormuz, a critical maritime chokepoint that serves not only as a major energy corridor but also as a vital route for global fertiliser trade. Analysts warn that disruptions to the Strait could trigger sharp increases in fertiliser prices, particularly nitrogen-based fertilisers such as urea, given the Middle East's substantial role as a major producer and exporter. The closure of this strategic route, termed the "nutrie

UAE Stock Exchange Closed for Two Days Following Iranian Retaliatory Strike

The United Arab Emirates' two major stock exchanges, Abu Dhabi Securities Exchange and Dubai Financial Market, will remain closed on 2-3 March 2026 following hundreds of missile and drone attacks from Iran in response to joint US-Israel military action. The UAE capital markets authority implemented the closure to prevent market volatility, as the escalating geopolitical tensions threaten the country's reputation as a stable financial, logistics, and tourism hub, with potential impacts on propert

Check 28 Toll Gate Access Points Affected by Jakarta Odd-Even Vehicle Restriction

Jakarta will enforce its odd-even vehicle restriction policy across 28 toll gate access points from 2-6 March 2026, limiting vehicles with even-numbered plates to even dates and odd-numbered plates to odd dates. The restriction applies during two daily windows: 06:00-10:00 and 16:00-21:00 WIB. The policy affects multiple toll corridors across Jakarta including Slipi, Kuningan, Tebet, Cawang, Jatinegara and Rawamangun areas.

China Urges United States to Halt Attacks on Iran

China has expressed deep concern over military attacks on Iran by the United States and Israel on 28 February, calling for an immediate cessation of military operations and emphasising respect for Iran's sovereignty and territorial integrity. Beijing has urged all parties to prevent further escalation of Middle Eastern conflict and advocated for dialogue and negotiation as strategic measures to maintain regional peace and stability. The incident has prompted international responses, with threats

DKI Offers Free Public Transport to Select Destinations During Eid al-Fitr

Jakarta Governor Pramono Anung is launching an initiative to encourage residents to celebrate Eid al-Fitr in the capital rather than returning to their hometowns, offering free public transport on Transjakarta, Mikrotrans, MRT, and LRT alongside shopping discounts of 50-70 per cent and hotel discounts. The provincial government is also providing free transport for 26,500 residents who choose to travel home, emphasising that staying in Jakarta saves money and energy whilst allowing residents to m

Iranian Missile Explosions Heard Over Jerusalem Sky, Seven Injured

A series of loud explosions were heard over Jerusalem after the Israeli military detected and identified a missile attack launched from Iran. Seven people were injured in the incident, and the Israeli air defence system was activated to intercept the threats, with emergency services responding to impact sites across the city.

Iranian Broadcasting Authority Continues Operations Despite US-Israeli Attack on Building

The Islamic Republic of Iran Broadcasting (IRIB) reported that its television channels remained on air following a US-Israeli attack on its Channel 2 building on Alvand Street in Tehran on 1 March 2026. Despite the assault, IRIB confirmed that all transmissions continued without significant disruption, with only brief technical interruptions, whilst observers characterised the strike as another "war crime" as part of escalating regional military operations.

Erdogan Responds to Death of Iran's Supreme Leader Khamenei

Turkish President Recep Tayyip Erdogan has expressed condolences following the death of Iran's Supreme Leader Ayatollah Ali Khamenei, who was killed in recent US and Israeli airstrikes on Iran. Erdogan stated that Turkey does not take sides in the escalating conflict and has communicated with both US President Donald Trump and Iranian President Masoud Pezeshkian to de-escalate tensions, whilst condemning both the airstrikes against Iran and Iran's missile and drone attacks on Gulf states. The es

US-Israel Attack on Iran: Garuda Indonesia Suspends Flights to Doha

Garuda Indonesia has suspended flights to and from Doha from 28 February onwards following the closure of Qatari airspace due to US-Israeli military strikes on Iran. The suspension affects the Indonesian national carrier as a precautionary measure prioritising flight safety and security, whilst other international routes remain operational. Multiple countries across the Middle East have closed their airspace following the escalating conflict, forcing airlines to reroute flights through alternati

University Students Challenge Pesantren Law, Highlight 20% Education Budget Requirement

Two students from Nahdlatul Ulama University have filed a constitutional challenge against provisions of Indonesia's 2019 Pesantren Law, questioning whether conditioning pesantren funding on state fiscal capacity complies with the constitutional requirement for 20% education budget allocation. The petitioners argue that the government's ability to fund large-scale programmes such as free nutritious meals demonstrates sufficient state capacity, and that pesantren, as part of the national educatio

Pemuteran Bay Coral Reefs Recover, Profits Arrive

Pemuteran village in Bali has successfully restored its coral reefs through community-led conservation efforts and biorock technology, after decades of destruction caused by destructive fishing practices. The recovery has transformed the village into a thriving tourism destination, generating economic benefits for local residents including fishermen who now offer diving and snorkelling services. The village was recognised as the UN's Best Tourism Village 2025 for demonstrating sustainable touris

Coal Production Cuts Thin Power Plant Stocks; Is National Electricity Supply Safe?

Coal stocks at several thermal power plants (PLTU) have dwindled significantly, raising concerns about the reliability of Indonesia's national electricity supply, with some generators holding less than 10 days of reserves. Independent power producers contribute nearly 50 per cent of the nation's electricity supply, making the coal shortage a substantial risk, whilst the government insists primary energy needs remain sufficient despite plans to cut national coal production to 600 million tonnes i

Replacement Candidates for Two Directors-General at Public Works Ministry to Undergo Fit and Proper Test

Indonesia's Public Works Ministry is conducting strict and transparent fit and proper tests to fill two vacant director-general positions following the resignations of Dewi Chomistriana (Directorate of Creation) and Dwi Purwantoro (Directorate of Water Resources). Minister Dody Hanggodo has launched a comprehensive internal audit and cleansing operation involving the Attorney General's office, responding to audit findings from the Financial Audit Board citing nearly Rp3 trillion in state losses

Archive Statistics

263,432
Total Articles
1012
News Sources
1994-2026
Coverage Period