Today's Top 3 News: Philippines' Mayon Volcano Spews Ash

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TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Monday, May 4, 2026. Here are the highlights: Philippines' Mayon Volcano Spews Ash; Iran's IRGC Warns Trump of Limited Options in Escalating Conflict; and Bank Indonesia Unveils Measures to Support Rupiah Stability.

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

1. Philippines' Mayon Volcano Spews Ash

The Mayon Volcano in the Philippines erupted, prompting the evacuation of dozens of surrounding villages, authorities said Sunday.

In an alert published on its website, the Philippine Institute of Volcanology and Seismology (Phivolcs) warned of a "high level of magmatic activity," with lava flows stretching several kilometers.

It issued a Level 3 alert and said a permanent danger zone within a 6-kilometer (3.7-mile) radius of the volcano's crater must be strictly observed. Here are the details.

2. Iran's IRGC Warns Trump of Limited Options in Escalating Conflict

The Islamic Revolutionary Guard Corps (IRGC) has stated that the United States (US) President Donald Trump is faced with two difficult options in the conflict with Iran: continuing an "impossible" war or accepting a perceived bad deal.

In a statement posted on the social media platform X, the IRGC's intelligence department mentioned that Washington's options are increasingly limited. Tehran has set a deadline for the US to lift the blockade in Iranian port areas.

Here are the details of the IRGC statement on Trump amid escalating conflict.

3. Bank Indonesia Unveils Measures to Support Rupiah Stability

Bank Indonesia (BI) Governor Perry Warjiyo conveyed BI's steps to strengthen the stability of the rupiah to several investors in Singapore on April 28, 2026. One of the mentioned efforts is adjusting the market interest rate structure by raising the yield on instruments such as Indonesian rupiah securities (SRBI).

BI holds meetings like this continuously to provide investors with solid information about Indonesia's economic fundamentals and future projections. "Thus, strengthening investor confidence in Indonesia's economy and encouraging the inflow of foreign capital," as stated in BI's press release quoted on Sunday, May 3, 2026.

Perry explained that Bank Indonesia's policy framework has evolved from the experience of various crises. Read the details about BI's integrated monetary policy mix here.

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