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, MON., OCT. 5, 2026No. 1 · Morning, 6:00 a.m. WIB6 a.m. WIB
IDX Composite6,036.88▲0.46%10/2USD/IDR17,882.00▼0.47%10/2S&P 5007,722.72▲0.73%10/2WTI$91.11▼1.90%10/2Gold$4,162.30▼1.00%10/2
Politics · PalacePress ✓ 6 outlets · names according to RCTI+, Katadata, The Jakarta Post

Prabowo swears in 26 members of the Presidential Advisory Council, including Rocky Gerung, a day after reshuffling the cabinet and replacing the police chief

Pratikno heads the Presidential Advisory Council, which was previously vacant. Rocky Gerung says his views remain ‘radical break’, while the new coordinating ministers and police chief have been at work since Thursday.

President Prabowo Subianto swore in 26 members of the Presidential Advisory Council (Wantimpres) at the State Palace in Jakarta on Friday, October 2, according to RCTI+, Katadata and The Jakarta Post. Pratikno, previously Coordinating Minister for Human Development and Culture in Prabowo’s cabinet, became chairman. Hatta Rajasa became deputy chairman and Muhammad Qodari secretary and member. Other names include Shinta Nuriyah Wahid, Quraish Shihab, Agum Gumelar, Chairul Tanjung, Budi Gunawan, Bambang Soesatyo, Rocky Gerung, Anwar Usman and Ignasius Jonan. One Katadata report says 24 people took the oath that day; DailyDrop uses the figure of 26 used by most outlets.

The inauguration followed the cabinet reshuffle on Thursday, October 1, based on Presidential Decree (Keppres) No. 104/P of 2026. Bahlil Lahadalia became Coordinating Minister for Downstreaming and Energy Transition while keeping the Energy and Mineral Resources (ESDM) Ministry. Sugiono moved from Foreign Minister to Coordinating Minister for Human Development and Culture, and Arrmanatha Nasir took over as Foreign Minister. Muhammad Sarmuji became Minister of Industry. Dudung Abdurachman became Coordinating Minister for Politics and Security, while Listyo Sigit Prabowo, who was replaced as National Police chief (Kapolri), became Presidential Chief of Staff. The number of officials sworn in differs between outlets: 18 according to Metro TV and detik, ten ministers and deputy ministers according to Media Asuransi, depending on how they are counted.

Rocky Gerung’s name drew the most discussion. The analyst, long known as a critic of the government, said he had merely moved from outside to inside and that his views were ‘still radical break’, Katadata reported. RCTI+ noted that his inauguration set off jokes and memes on social media. Anwar Usman, a former Chief Justice of the Constitutional Court, is also on the list.

Wantimpres only gives advice; decisions remain in the president’s hands. DailyDrop has not seen the council’s detailed terms of reference, its budget or the schedule of its first meeting, so its influence cannot yet be judged. The list mixes religious figures, businesspeople, politicians, retired officers and critics, which in DailyDrop’s reading reflects an effort to embrace many circles.

Open the story and DailyDrop’s take
By the numbers
26Wantimpres members sworn in Friday, October 2 (most outlets)
18officials sworn in at the October 1 reshuffle according to Metro TV and detik
2consecutive days of inaugurations at the State Palace
Markets · IndonesiaPress ✓ 4 outlets · figures according to Viva, JawaPos, Kontan, Suara.com

Jakarta Composite Index rises 0.46% to 6,036.88 on Friday but sinks 3.28% over the week; rupiah firms to Rp17,882

The Jakarta Composite Index (IHSG) closed up 27.38 points, or 0.46%, at 6,036.88 on Friday, October 2, Viva reported. The index briefly fell below 6,000 in the first session before turning higher, supported by ASII, GOTO, DCII and PTBA. Over the week the IHSG fell 3.28% from 6,241.892, according to JawaPos. Foreign investors recorded a net sell of Rp1.27 trillion that day and Rp82.55 trillion over the course of 2026, according to data cited by JawaPos and Sumbar Bisnis.

The rupiah closed 84 points, or 0.47%, stronger at Rp17,882 per US dollar according to Bloomberg data cited by Kontan and Suara.com, from Rp17,966 a day earlier. Over the week the rupiah gained 0.12%. The Bank Indonesia JISDOR rate was Rp17,898. The causes were falling US bond yields, Bank Indonesia intervention and fading bets on a Fed rate hike. The Jakarta stock exchange and the money market reopen only today.

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Word of the day
Net sellMarkets

A situation in which foreign investors sell more shares than they buy on a given day or over a given period.

World · EnergyPress ✓ 6 outlets · prices according to Kabar Bursa and RCTI+

Iran: Strait of Hormuz stays closed until the US accepts its plan, while the G7 and Europe release oil reserves

Iran’s chief negotiator said on Sunday, October 4 that the Strait of Hormuz remains closed until the United States accepts Tehran’s seven-day plan, according to Al Jazeera and a Fox News live broadcast. A day earlier CBS reported that President Donald Trump rejected Iran’s terms for opening the strait but left the door open to negotiations or military action. Defense Secretary Pete Hegseth called the US naval blockade of Iranian ports ‘ironclad’. Talks are proceeding through intermediaries.

The plan was submitted by Iranian Foreign Minister Abbas Araghchi at the UN on September 25 through Qatar. SCMP and Arab News reports say the plan covers a seven-day ceasefire, the release of Iran’s frozen assets and an end to the blockade. In the market, Brent closed at US$102.25 a barrel on Friday, down 0.06%, and WTI fell 1.90% to US$91.11, after European Union states approved a French proposal to release about 50 million barrels of diesel from strategic reserves, Kabar Bursa reported. G7 leaders agreed to release 100 million barrels over four months, with diesel first in the first 20 days (Investortrust). A day earlier Brent had briefly risen more than 4% on reports that China was halting exports of oil products for October.

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Law · SecurityPress ✓ 5 outlets · plan according to the police chief’s own statements

New police chief Suyudi Ario Seto drafts a 100-day plan: drugs, online gambling and safe public spaces

Commissioner General Suyudi Ario Seto was sworn in as National Police chief on October 1, replacing Listyo Sigit Prabowo, who became Presidential Chief of Staff (KSP). The new deputy police chief is Commissioner General Wahyu Hadiningrat. Suyudi, who once headed the National Narcotics Agency (BNN), said his first step is internal consolidation of the National Police (Polri) while continuing his predecessor’s programs, according to Katadata and RCTI+.

He divides the first 100 days into three phases: learning the real conditions on days 1 to 30, testing improvements on days 31 to 60, then showing results and correcting failures on days 61 to 100. Quick priorities include safe public spaces, drug eradication, tackling online gambling and digital fraud, and victim-friendly 110 and SPKT services. The National Police Commission (Kompolnas) hopes digitalization and the protection of women and children will continue, Antara reported. There are no implementation reports yet, so the measure of success can only be judged later.

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World · EconomyPress ✓ 4 outlets · figures according to FXStreet, Trading Economics, Kalshi

US adds only 29,000 jobs, odds of a Fed rate hike this month collapse

The US economy added 29,000 jobs in September, far below the forecast of 90,000, and the unemployment rate rose to 4.2% against a forecast of 4.1%. Data for the previous two months was also revised down, according to FXStreet and Trading Economics. Before the report, markets put the chance of a Federal Reserve rate hike in October at about 70%; afterwards it fell to about 14%, while the chance of a hike in December slipped to about 76%, according to LSEG.

The Fed raised its benchmark rate to 3.75% to 4.00% on September 16 by a vote of 12 to 0. The two-year yield fell 6.86 basis points to 4.718%. The ten-year figure differs between sources, from about 5.16% to 5.28%, so DailyDrop does not use it. On Wall Street, the S&P 500 closed up 0.73% at 7,722.72. For Indonesia, the fall in US yields helped the rupiah strengthen on Friday.

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In brief
  • IHSG closes at 6,036.88 (+0.46%), down 3.28% over the week; foreigners net sell Rp1.27 trillionViva, JawaPos
  • Rupiah strengthens 0.47% to Rp17,882 per US dollar; JISDOR Rp17,898Kontan, Suara.com
  • Brent US$102.25 (−0.06%), WTI US$91.11 (−1.90%), gold US$4,162.3 (−1.0%) at Friday’s closeKabar Bursa, market data
  • Annual inflation in September 3.28%, core inflation 2.84%, according to BPSKontan, Investortrust
  • US stocks rise Friday: S&P 500 7,722.72 (+0.73%)market data
  • Rocky Gerung and 25 other figures officially become Wantimpres membersRCTI+, Katadata
  • Indonesia’s national team wins Group A and reaches the FIFA ASEAN Cup finalRCTI+
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Unverified — what we could not confirm

“The rupiah has already broken through Rp18,000 per dollar this week.” Friday’s close was Rp17,882 according to Bloomberg (via Kontan and Suara.com). JawaPos only wrote that the rupiah could touch Rp18,000; that is a forecast, not a fact.
“Rocky Gerung stopped criticizing after joining Wantimpres.” He in fact said his views remain ‘radical break’ and that his role is criticism through advisory channels (Katadata, RCTI+).
“The Strait of Hormuz has been reopened.” Iran’s chief negotiator stated that the strait remains closed until the US accepts his seven-day plan (Al Jazeera, Fox News, October 4). There is no confirmation of a reopening.
Glossary · dotted words — economics, law, security and science terms explained in the context of the story. The list grows every day.
INSIDEPrabowo swears in 26 members of the Presidential Advisory Council, including Rocky Gerung, a day after reshuffling the cabinet and replacing the police chiefPolitics · PalaceJakarta Composite Index rises 0.46% to 6,036.88 on Friday but sinks 3.28% over the week; rupiah firms to Rp17,882Markets · IndonesiaIran: Strait of Hormuz stays closed until the US accepts its plan, while the G7 and Europe release oil reservesWorld · EnergyNew police chief Suyudi Ario Seto drafts a 100-day plan: drugs, online gambling and safe public spacesLaw · SecurityUS adds only 29,000 jobs, odds of a Fed rate hike this month collapseWorld · Economy