TOP NEWS
- CNBC — IDX CEO Iman Rachman resigned after an $84 billion market sell-off triggered by MSCI’s transparency warning, as regulators and Danantara pledged reforms to boost liquidity and restore investor confidence.
- Antara — OJK Chairman Mahendra Siregar and two senior officials resigned, citing moral responsibility to support market recovery following sharp stock declines.
- The Jakarta Post — Regulators appointed Friderica Widyasari Dewi as acting OJK chair and are set to name Jeffrey Hendrik as interim IDX president, pledging fast-track governance and transparency reforms ahead of talks with MSCI.
Domestic Politics and Economy
- Antara — Acting OJK Chair Friderica Widyasari Dewi said regulators will raise the minimum public shareholding requirement to 15% and roll out eight major reforms to strengthen transparency and governance.
- The Jakarta Post — Coordinating Minister Airlangga Hartarto announced a Rp13 trillion stimulus package for Ramadan and Idul Fitri to boost consumption, stabilize prices, and support growth.
- Antara — Indonesia is targeting a first-half 2026 groundbreaking for the Huayou-led EV battery ecosystem project to strengthen its integrated supply chain.
- Antara — Danantara CEO Rosan Roeslani said Jakarta stocks are expected to rebound as foreign investors respond positively to governance reforms.
- Reuters — A landslide in West Java has pushed the death toll to at least 49, with 15 still missing, prompting extended emergency operations amid strained disaster response capacity.
- The Jakarta Post — Environmental group Walhi warned that extractive-led growth has driven the loss of 283,000 hectares of forest in 2025, risking deeper environmental damage and inequality.
- Antara — The government allocated Rp596 million to rehabilitate damaged madrasahs and support teachers and students affected by the Cisarua disaster.
- Tempo — Indonesia issued a nationwide alert urging heightened vigilance against the Nipah virus following recent cases in India.
- The Jakarta Post — Indonesia lifted its ban on Elon Musk’s Grok chatbot after X Corp committed to stricter content controls under regulatory supervision.
Business and Investment
- Reuters — Antam, the Indonesia Battery Corporation, and a China-led consortium agreed to invest $6 billion in an integrated EV battery ecosystem spanning nickel mining to cell production.
