TOP NEWS
- Reuters — US-Israeli strikes killed Iran’s Supreme Leader Ayatollah Ali Khamenei, triggering Iranian retaliation across Israel and Gulf states, leadership upheaval in Tehran, civilian casualties on multiple fronts, and widening economic and aviation disruption as markets brace for prolonged regional instability. :contentReference[oaicite:0]{index=0}
Global Politics and Economy
- Tempo — Former Iranian President Mahmoud Ahmadinejad was reportedly killed in an Israeli-US strike in Tehran, escalating an already severe regional crisis following earlier reports of attacks targeting Iran’s top leadership.
- Tempo — Global airlines have suspended or rerouted Middle East operations, with Iran, Israel, and Iraq closing airspace and Dubai halting all flights, as escalating US-Israeli strikes on Iran and Tehran’s retaliation heighten regional security risks and disrupt key aviation hubs.
- The Jakarta Post — Indonesian exporters are bracing for weaker US demand as a new 10% tariff, potentially rising to 15%, takes effect amid shifting US trade policies, with business leaders warning that persistent regulatory uncertainty poses a greater risk than the tariff rate itself. :contentReference[oaicite:1]{index=1}
- Antara — Indonesia clarified that the planned US$4.5 billion in US agricultural imports under the bilateral trade deal will be privately financed and facilitated, not funded by the state budget, as Jakarta seeks to balance trade ties with Washington while safeguarding domestic competitiveness.
- Antara — Minister of Communication and Digital Meutya Hafid expressed that data transfers to the United States under the ART are legally safeguarded and fully aligned with Indonesia’s Personal Data Protection Law, stressing that no state-held citizen data is being handed over and that the agreement merely formalizes existing cross-border digital practices.
- The Jakarta Post — Indonesia is urging Malaysia to establish a formal cross-border worker scheme after thousands of Indonesians were found exploiting visa-free entry for short-term jobs, highlighting growing economic dependence, rising deportations, and increased vulnerability to exploitation and bribery under the current informal “passing” system.
Business and Investment
- Reuters — Director of the Indonesia Stock Exchange Jeffrey Hendrik said the exchange will phase in the new 15% free-float requirement in batches based on companies’ readiness, aiming to restore market credibility while carefully managing the potential release of up to Rp187 trillion in additional share supply.
- The Jakarta Post — Indonesia has lost an estimated Rp 9.1 trillion to online fraud amid what experts describe as a growing “digital fraud emergency,” driven by weak data governance, regulatory gaps, and slow enforcement that lag behind increasingly sophisticated scam networks.
- Tempo — Cybersecurity experts say fresh claims that the data of 240 million Indonesians is being sold on the dark web appear to be recycled from past breaches, but warn that recurring allegations of large-scale data leaks underscore persistent weaknesses in data governance and enforcement of digital sovereignty.
- Reuters — An Indonesian court has sentenced Yoki Firnandi, former CEO of Pertamina International Shipping, and Riva Siahaan, former CEO of Pertamina Patra Niaga, to nine years in prison, and businessman Muhamad Kerry Adrianto Riza to 15 years, in a major corruption case involving subsidiaries of Pertamina that prosecutors say caused up to $17 billion in state losses.
- Antara — Indonesia’s Cabinet Secretary Teddy Indra Wijaya expressed that the Free Nutritious Meals program has not diverted education funds, affirming that the constitutionally mandated 20% education budget remains intact and that school initiatives continue alongside the new social program.
- Business and Investment
- The Jakarta Post — Oil prices have surged 10% to around $80 a barrel and could approach $100 if tensions escalate further, as fears of a Strait of Hormuz disruption following US-Israeli strikes on Iran threaten up to 20% of global crude supply.
- Tempo — Gold is forecast to surge toward US$5,500 per ounce as escalating US-Israeli strikes on Iran fuel safe-haven demand, with analysts warning of ripple effects on the rupiah and regional markets while Jakarta urges restraint and offers to mediate the conflict.
