Today's Top 3 News: Analyst Predicts Rupiah Could Breach Rp18,000 by End of May

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TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Saturday, May 16, 2026. Here are the highlights: Analyst Predicts Rupiah Could Breach Rp18,000 by End of May; Russian Firm to Resume Indonesia's Tuna Block Project in June; and 5 Aggravating Factors in Nadiem Makarim's Chromebook Case.

The following is the list of the top 3 news on Tempo English today:

1. Analyst Predicts Rupiah Could Breach Rp18,000 by End of May

The rupiah could weaken beyond Rp18,000 per U.S. dollar by the end of May and potentially slide further to Rp22,000 if external pressures persist, according to Ibrahim Assuaibi, director of futures brokerage firm PT Traze Andalan Futures.

The rupiah briefly fell to around Rp17,600 per U.S. dollar in Friday morning trading on May 15, 2026, amid mounting global uncertainty. What is driving the weakening of the rupiah? Read more here.

2. Russian Firm to Resume Indonesia's Tuna Block Project in June

Russian oil and gas company Zarubezhneft plans to resume development of Indonesia’s Tuna Block in June after delays caused by the withdrawal of its former partner, Harbour Energy, according to Indonesia’s Energy and Mineral Resources Ministry.

Deputy Energy and Mineral Resources Minister Yuliot said the commitment was conveyed during a meeting with officials from Joint Stock Company Zarubezhneft on the sidelines of the 14th Indonesia-Russia Joint Commission Session on Trade, Economic, and Technical Cooperation in Kazan, Russia. Why the Tuna Block project was delayed? Find out here.

3. 5 Aggravating Factors in Nadiem Makarim's Chromebook Case

Prosecution had demanded an 18 years prison sentence, a Rp1 billion fine, and Rp5.6 trillion in compensation against Minister of Education, Culture, Research, and Technology Nadiem Makarim in a corruption case regarding the procurement of Chromebooks.

Prior to reading out the charges, the prosecution cited several aggravating factors against Nadim. Click here to read about the five factors that aggravated Nadim in the Chromebook procurement case.

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