Indonesian Political, Business & Finance News

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Passenger Overcrowding at Transjakarta Velbak Bus Stop

Severe passenger overcrowding hit the Transjakarta Velbak bus stop on Friday morning after flooding near Swadarma caused significant delays on corridors 13, 13B and L13E. The congestion, which backed up to the pedestrian bridge linking Kebayoran bus stop and Kebayoran train station, forced staff to halt escalator operations whilst buses arrived every 5–15 minutes already at full capacity, leaving office workers scrambling to get to work on time.

Antam gold rises Rp28,000 to Rp2.944 million per gram on Friday morning

PT Antam Tbk's gold price climbed Rp28,000 on Friday to reach Rp2,944,000 per gram, with the buyback price also rising to Rp2,725,000 per gram. The price movements reflect continued upward momentum in domestic gold markets, with tax obligations under PMK No. 34/PMK.10/2017 applying to all transactions.

MP Urges Government to Stabilise Food Prices Ahead of Lebaran

A member of the House of Representatives' Commission VII has called on the government to maintain supply chain stability and control food prices amid surging demand during Ramadan and Lebaran. The lawmaker warned that unchecked price rises could dampen consumer spending, trigger inflation, and undermine economic growth, while urging the government to seize the seasonal consumption boom as an opportunity to stimulate the economy.

List of 46 Flood Points in Jakarta Following Overnight Rainfall

Heavy rainfall since the early hours of Friday 20 February caused flooding across 41 neighbourhood units and five road sections in Jakarta, with water levels reaching up to 130 centimetres in parts of South Jakarta. The DKI Jakarta Regional Disaster Management Agency (BPBD) deployed field personnel alongside water resources, highways, and fire and rescue agencies to accelerate drainage, whilst the government prepared basic necessities for flood-affected residents.

Peace Council Outlines Post-War Gaza Reconstruction Plans

The Trump-backed Peace Council has unveiled a governance, security, and reconstruction framework for post-war Gaza, including a new High Representative's Office and the recruitment of a transitional Palestinian police force. Former British Prime Minister Tony Blair endorsed the framework as the best hope for the region, whilst the Council's director-general stressed that full demilitarisation is a prerequisite for reconstruction to begin.

More Than 70 Countries Join US Civil-Military Command Centre for Gaza

US Ambassador to the United Nations Mike Waltz announced that over 70 countries are now participating in Washington's civil-military command centre for the Gaza Strip, with humanitarian aid deliveries increasing fivefold compared to pre-ceasefire levels. The initiative has seen 4,200 aid lorries entering Palestine weekly for 13 consecutive weeks, whilst severe hunger among Gazan households has dropped from 30 per cent to one per cent, marking a significant shift in the humanitarian situation.

Horse Powertrain introduces new hybrid powertrain system

Horse Powertrain, a joint venture between Geely, Renault Group, and Aramco, has unveiled a new hybrid powertrain system designed to run entirely on renewable-feedstock petrol, achieving a peak brake thermal efficiency of 44.2 per cent. The system, developed in collaboration with Spanish energy firm Repsol, promises fuel consumption below 3.3 litres per 100 km and significant CO₂ emission reductions, with the first demonstrator vehicle expected in early 2026.

JCI Opens Higher as Asian Markets Rally on Wall Street Tech Stock Surge

Indonesia's Jakarta Composite Index (JCI) opened 26 points higher at 8,300, buoyed by a tech-driven rally across Asian bourses following Wall Street gains. Analysts at BNI Sekuritas forecast sideways trading, with support at 8,200–8,230 and resistance at 8,300–8,350, amid heightened US-Iran geopolitical tensions and mixed signals from global markets.

Samsung Announces Latest Version of Bixby, Capable of Searching Hotels and Managing Phone Settings Simultaneously

Samsung has launched a beta programme for an upgraded version of its Bixby AI assistant, redesigned as a conversational device agent that allows Galaxy users to control their devices using natural language. The update, announced on 20 February 2026, reflects Samsung's ongoing commitment to making AI-powered smartphones more intuitive and accessible since introducing its first AI smartphone in 2024.

Airport Train Derails After Truck Collision at Poris, Commuter Line Services Disrupted

A Soekarno-Hatta Airport train derailed near Poris Station in Tangerang on Friday morning after colliding with a truck at a level crossing, disrupting commuter rail services on the Tangerang route. KAI Commuter confirmed no casualties and offered full refunds to affected passengers, whilst advising airport-bound travellers to seek alternative transport as services were curtailed to intermediate stations.

Before Nord Stream Exploded, the CIA Already Knew and Initially Approved

German magazine Der Spiegel has reported that the CIA was aware of Ukraine's plans to sabotage the Nord Stream gas pipelines far earlier than previously disclosed, with Ukrainian operatives discussing their intentions with CIA-connected individuals in Kyiv as early as spring 2022 and initially receiving no objection. Washington later reversed its stance and attempted to dissuade the operation, but former Ukrainian Commander-in-Chief Valerii Zaluzhnyi reportedly ignored both the CIA's request and

House Commission VII: Use Domestic Products in Village Cooperative Vehicle Procurement

Deputy Chair of House Commission VII Evita Nursanty has urged the government to prioritise domestic products in the Rp24.66 trillion procurement of 105,000 commercial vehicles for village cooperatives, currently contracted to Indian manufacturers Mahindra and Tata Motors. She warned that technical specifications — particularly the requirement for four-wheel-drive vehicles — must not be used to circumvent domestic content regulations, and called for the massive procurement to serve as a catalyst

Banking Industry Fundamentals Solid, BRI President Director: Credit Acceleration Requires Demand-Side Strengthening

BRI President Director Hery Gunardi told the OJK's Economic Outlook 2026 event that while Indonesia's banking sector has ample liquidity and capital to support prudent credit growth, loan expansion is constrained by weak demand rather than supply. New credit applications have fallen sharply across most segments — consumer lending demand dropped from 62.9% to 13.4% and MSME lending from 78.4% to 58.8% — reflecting a pervasive wait-and-see stance among businesses and households that requires resto

Munafri Urges Religious Leaders and Congregations to Strengthen Collaboration in Building Makassar

Makassar Mayor Munafri Arifuddin has used his Ramadhan Safari programme to call for stronger collaboration between religious leaders, congregations, and the municipal government to accelerate the city's development. He acknowledged limited progress in his first year but reaffirmed his administration's commitment to clean, transparent governance and closing loopholes for abuse of authority.

Asian Markets Subdued Following Sharp Wall Street Correction Amid Rising US-Iran Tensions

Asia-Pacific markets opened mixed on Friday 20 February 2026, weighed down by a sharp sell-off on Wall Street triggered by escalating US-Iran tensions after President Trump signalled potential military action against Tehran within ten days. Japan's Nikkei 225 fell over one per cent as investors also digested data showing Japanese headline inflation dropping below the central bank's two per cent target for the first time in 45 months, whilst the People's Bank of China was set to announce its loan

Trump Pledges Rp162 Trillion for Gaza Reconstruction Via Board of Peace, Equivalent to 14 Days of War Spending

US President Donald Trump announced a US$10 billion American commitment and US$7 billion in pledges from other Board of Peace members for Gaza reconstruction at the council's inaugural summit in Washington. Trump described the sum as equivalent to just two weeks of fighting costs, though he did not specify the funding source, and representatives from over 20 countries attended the meeting.

TransJakarta Corridor 13 Delayed Due to Flooding in Swadarma Cipulir

TransJakarta bus services on Corridor 13, Route 13B, and L13E experienced significant delays on Friday morning after flooding hit the Swadarma area of Cipulir, South Jakarta. The flooding caused severe traffic congestion on Jalan Swadarma Raya, disrupting public transport operations and prompting TransJakarta to issue passenger advisories.

Profile of Prihati Pujowaskito, the New President Director of BPJS Kesehatan

President Prabowo Subianto has appointed retired Major General Prihati Pujowaskito as the new President Director of Indonesia's national health insurance agency BPJS Kesehatan, replacing Ali Ghufron Mukti for a five-year term under Presidential Decree No. 17/P of 2026. The appointee is a military-trained interventional cardiologist who served as a Kopassus doctor, headed the cardiology department at the RSPAD Gatot Soebroto military hospital, and most recently served as Dean of the Faculty of Me

Trump: Outcome of US-Iran Nuclear Negotiations to Be Determined Within 10 Days

US President Donald Trump has indicated that the outcome of nuclear negotiations with Iran will be determined within the next 10 days, amid rising tensions and an increased American military presence in the Middle East. A Trump adviser reportedly estimated a "90 per cent chance" of a strike if talks fail, whilst the White House maintained that diplomacy remains the preferred option.

Chronology of Pelita Air Service Charter Flight Air Tractor AT-802 PK-PAA

A Pelita Air Service Air Tractor AT-802 cargo aircraft crashed shortly after take-off from Long Bawan airstrip in North Kalimantan on 19 February 2026 whilst returning from a routine fuel distribution mission under the government's One-Price Fuel programme. The pilot, Captain Hendrick Lodewyck Adam, a 54-year-old veteran with over 8,000 flying hours, was found dead at the crash site, and the National Transportation Safety Committee (KNKT) has dispatched an investigation team.

Archive Statistics

251,593
Total Articles
1004
News Sources
1970-2026
Coverage Period