Monday, October 12, 2026English edition
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The Geopolitician

Country risk, from the local press

Indonesia · Country watch

Rupiah Weakens, New Ride-Hailing Regulations

The rupiah weakens against the USD, and new ride-hailing regulations are set to impact the transport sector.

· · 3 sources

The picture Deteriorating

Business conditions in Indonesia are deteriorating as the rupiah weakens against the USD and the IHSG falls significantly. New regulations for ride-hailing services add compliance pressures.

In this briefing Presidential Regulation · Indonesian Government · Jakarta Composite Index · US Federal Reserve · Indonesian Rupiah · US Dollar

Regulation

  • logistics
  • technology
  • public-sector

New Ride-Hailing Regulations Due by 31 December

a group of people riding motorcycles down a street
郭 启俊 / Unsplash

The Indonesian government has set a deadline of 31 December for the issuance of derivative regulations under the new Presidential Regulation on ride-hailing services, according to Liputan 6. The regulation covers aspects such as transport, electronic systems, micro-enterprises, partnerships, social security, and employment. This move aims to formalize and regulate the ride-hailing ecosystem, particularly for goods and food delivery services. The regulation is expected to address tariffs, rights, and driver protections.

Impact Ride-hailing companies and their drivers will need to comply with new regulations by 31 December, affecting tariffs and protections.

Watch The regulations are due by 31 December. · 31 December 2026

Sources: Liputan 6 ↗

Disruption

Nothing significant reported today.

Internal tension

Nothing significant reported today.

Safety & health

Nothing significant reported today.

Companies

Nothing significant reported today.

Markets

  • finance

IHSG Falls 1.88% to 6,031 Amid Market Pressures

The Jakarta Composite Index (IHSG) closed down 1.88% to 6,031 points on Thursday, as reported by okezone.com. The decline was influenced by global market pressures, including expectations of a hawkish stance from the US Federal Reserve later this year. This marks a significant drop, with 461 stocks weakening during the day. The market's performance reflects investor concerns over international monetary policy and its potential impact on Indonesia's economic stability.

Impact Investors in the Indonesian stock market face a significant downturn, with the IHSG dropping 1.88% amid global pressures.

Sources: okezone.com ↗, okezone.com ↗

  • finance

Rupiah Weakens to Rp17,915 per USD

The Indonesian rupiah weakened by 28 points or 0.16% to Rp17,915 per US dollar at the close of trading on Thursday, according to okezone.com. The depreciation is attributed to geopolitical tensions, particularly the threat of a US military strike on Iran. The weakening currency reflects investor concerns over regional stability and its potential impact on Indonesia's economic outlook.

Impact Importers and companies with USD-denominated debts face increased costs as the rupiah weakens to Rp17,915 per USD.

Sources: okezone.com ↗

Trade

Nothing significant reported today.

Politics

Nothing significant reported today.

Also today in Indonesia

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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