Country
Indonesia
- Follow-up: Indonesia's Bahlil says cut of about 8% to gas exports to Singapore stays within contract limits
Indonesia began cutting natural gas exports to Singapore on Saturday, Oct 24, citing domestic needs. Indonesian minister Bahlil Lahadalia said on Monday, Oct 26, that the cut is within what the contracts allow and that Indonesia will honour its obligations. Supplies are reduced by 31 million standard cubic feet a day, 15 million from Natuna and 16 million from Sumatra, to divert more gas to domestic power generation. Bahlil said the contractual minimum is about 91% to 92% of export volumes: 'We only cut about 8%; cutting 10% would be a breach.'
Oct 27, 2026 Morning - Follow-up: Indonesia cuts natural gas supply to Singapore amid haze dispute; Singapore's EMA says cut is under 2% of daily demand
As cross-border haze from wildfires in Borneo and Sumatra blankets Singapore and the two countries argue over it, the head of Indonesia's upstream oil and gas regulator SKK Migas said on Saturday, Oct 24, that Indonesia would cut daily gas supply to Singapore by 31 million standard cubic feet, 15 million from Natuna and 16 million from Sumatra, to secure gas for domestic power generation. President Prabowo criticised countries that 'like to insult' Indonesia without naming any. Singapore's Energy Market Authority said the cut, about 17 bbtud for 18 days, is less than 2% of Singapore's total daily demand of more than 1,000 bbtud, and that it has contingency plans and can raise LNG imports at any time.
Oct 25, 2026 Morning - Follow-up: Prabowo says Indonesia won't be 'insulted' over haze; Singapore's PM2.5 readings back to normal island-wide
SCMP reported Indonesian President Prabowo told a cabinet meeting on Oct 21 that, regarding 'certain countries that like to insult Indonesia', the companies involved would be named in due course and 'many companies are responsible for the crisis', without naming any. Independent monitor Nusantara Atlas said fires burned more than 1.9 million hectares in Indonesia in the first nine months, sending air pollution to dangerous levels in Malaysia, Singapore and Timor-Leste. Straits Times reported that from 1 am on Oct 22 hourly PM2.5 readings in all five regions of Singapore were back in the 'normal' range, at 22–47 at 9 am; the season's peak was recorded at 3 pm on Oct 14.
Oct 22, 2026 Afternoon - Follow-up: Prabowo accuses MSCI of trying to intimidate Indonesia; Singapore's Temasek and GIC deny pushing a downgrade
Index provider MSCI warned last week that it could downgrade Indonesia's stock market to 'standalone' status, triggering a record two-day plunge in Indonesian stocks. CNA reported that President Prabowo told a cabinet meeting broadcast on the government's YouTube channel on Wednesday, Oct 21, that MSCI 'wants to intimidate us' and Indonesia would not be afraid. MSCI has said Indonesia is not doing enough against coordinated trading; a downgrade could trigger large capital outflows from the $1.5 trillion G20 economy. The SCMP said a former Indonesian trade minister claimed on Monday that Temasek and GIC were behind the downgrade push; Temasek's Asia-Pacific head called the claim 'baseless' on Wednesday and GIC also denied it.
Oct 22, 2026 Morning - Indonesian students protest wildfire haze in multiple cities on Prabowo's two-year mark
CNA reported that Indonesian students demonstrated on Oct 20 in Jakarta and in cities including Bandung and Yogyakarta on Java, Pekanbaru on Sumatra and Makassar in South Sulawesi, protesting forest fires and toxic haze. The day marked two years of President Prabowo Subianto's government; protesters criticised incompetence and corruption, especially the failure to extinguish fires that have spread across large parts of Borneo and Sumatra since July. The haze has lasted weeks, made thousands ill and affected several Southeast Asian countries.
Oct 21, 2026 Afternoon - MSCI weighs downgrading Indonesia to 'standalone'; Bank Indonesia faces rate-hike pressure
Index provider MSCI said last Friday it was considering reclassifying Indonesia from emerging market — its status since 1989 — to 'standalone market'; Jakarta's composite then posted its worst two-day drop on record before rebounding about 3% on Tuesday after authorities announced transparency steps and plans to remove overly concentrated stocks. The rupiah traded near 18,030 per dollar on Tuesday, close to its June record low and down about 8% year to date. Bank Indonesia has held its seven-day reverse-repo rate at 5.75% since June; Citi now expects a 50-basis-point precautionary hike to 6.25% on Wednesday, while Capital Economics and others expect 25 points.
Oct 20, 2026 Afternoon - Indonesian stocks plunge more than 5% to six-year low as MSCI flags possible 'standalone' downgrade
Jakarta's composite index fell more than 5% on Oct 19 to its lowest since early October 2020. Index provider MSCI proposed last Friday reclassifying Indonesia from emerging market directly to 'standalone market', which could remove it from major global equity benchmarks; a final decision is expected by June next year and hinges on whether Indonesian authorities can show real improvement in market governance and transparency. Goldman Sachs said on Sunday that a full removal from the MSCI Emerging Markets index could trigger about $5.6 billion in passive outflows, equal to 18 days of average turnover in the constituents; if FTSE Russell followed, another $2.7 billion would be at risk.
Oct 19, 2026 Afternoon