8 June 2026 (closed)
Jakarta Composite Index (5,342.14) -252.63 -4.52%
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In line with expectations, Bank Indonesia's foreign exchange reserves recorded a decline last month. On Monday (8 June 2026), the central bank of Indonesia stated that these reserves fell USD $1.3 billion, settling at USD $144.9 billion at the end of May 2026. This marks the lowest level of foreign exchange reserves since June 2024.
There are strong signals that Said Iqbal, Chairman of the Confederation of Indonesian Trade Unions (Konfederasi Serikat Pekerja Indonesia, or KSPI) and Head of the Labour Party (Partai Buruh), will be added to Indonesian President Prabowo Subianto's Red and White Cabinet (possibly as soon as Monday 8 June 2026).
Indonesian Finance Minister Purbaya Yudhi Sadewa announced on Friday (5 June 2026) that Indonesia's government budget deficit reached IDR 180.4 trillion (approx. USD $10 billion) in the first five months of 2026. This is equivalent to 0.70 percent of Indonesia's gross domestic product (GDP).
Indonesia's governance has been rocked by back-to-back high-profile corruption scandals after both the Vice Minister of Immigration and Correction and the leadership of the National Nutrition Agency (Badan Gizi Nasional, or BGN) were named suspects in separate criminal investigations.
