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Backgrounder
Tenggara Backgrounder August 09, 2024
POLITICS
Prabowo makes foreign policy inroads through overseas trips
With over two months still to go until his inauguration in October, president-elect Prabowo Subianto has nonetheless established good rapport with President Vladimir Putin, setting the tone for Indonesia-Russia bilateral ties during his Moscow visit...
PDI-P may lose House speakership, again
Although it has won the legislative election for the third straight time, the Indonesian Democratic Party of Struggle (PDI-P) could lose the House of Representatives speakership, as lawmakers from parties in Prabowo Subianto's Onward Indonesia Coalit...
Another graft allegation hits PDI-P amid political tension
Ahead of the November regional elections, the Indonesian Democratic Party of Struggle (PDI-P) faces increased pressure, as evidenced in the corruption allegations leveled at Semarang Mayor Hevearita Gunaryati Rahayu.The questioning last week came jus...
Kadin’s political power as a business lobby group
Indonesia's Chamber of Commerce and Industry (Kadin) represents, promotes and protects the interests of the private sector. But to ensure a conducive business climate, Kadin has also strengthened its ties to the government during President Joko "Joko...
BUSSINES & ECONOMICS
Jokowi's unwavering support for Prabowo continues for 2025 budget
President Joko "Jokowi" Widodo has been trying to facilitate a smooth transition of power for his successor Prabowo Subianto by various means, but accommodating Prabowo's signature programs in the 2025 budget has proven to be the most challenging con...
Jokowi lures civil servants to relocate to IKN with various incentives
President Joko "Jokowi" Widodo is luring civil servants with various incentive, including a possible performance incentive of Rp 100 million (US$6,250), to relocate to the unfinished Nusantara in East Kalimantan, where Jokowi plans to host a full cab...
Indonesia seeks to raise stake in PTFI at no expense
The Indonesian government is calling on PTFI to divest a further 10 percent of its shares to increase its stake in the subsidiary of American mining company Freeport-McMoran. The divestment is part of the regulatory requirements to extend PTFI's IUPK...
Indonesia Q2 growth exceeds 5 percent, but signs of a Q3 slowdown
Indonesia's economy experienced a year-on-year growth of 5.05 percent in Q2 2024, surpassing the psychological 5.0 percent mark, and exceeding the median market expectation of 5 percent as indicated in a Bloomberg survey. While this sustained growth...
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