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Backgrounder
Tenggara Backgrounder August 13, 2021
POLITICS
Regions wake to COVID-19 nightmare
Ever since the pandemic hit Indonesia in March 2020, much of the attention and efforts to combat it have focused on Java and Bali, two of the most populous islands in the archipelago that have also recorded the highest number of COVID-19 cases and de...
Puan steps up move to boost popularity
Billboards of House of Representatives Speaker Puan Maharani have been present all over the country. Head of the Indonesian Democratic Party of Struggle (PDI-P) campaign team Bambang Wuryanto said the proliferation of the billboards followed an execu...
KPK defies Ombudsman’s oversight
The Corruption Eradication Commission (KPK) has yet again shown disregard for criticism from outside, as it disputes an Indonesian Ombudsman report that it mishandled its controversial civic knowledge test for the conversion of KPK employees into civ...
A sinking Jakarta: Apocalypse now?
News that Jakarta is the fastest sinking city in the world resurfaced in a speech by United States President Joe Biden on July 27, as a reminder that climate change was the biggest threat to the US. Although rising sea levels have been a persistent c...
BUSSINES & ECONOMICS
Food holding company established to improve national food security
The government plans to consolidate nine food-related state-owned enterprises (SOEs) into a food holding company to improve food security, enhance farmers’ welfare and modernize the country’s agriculture. The holding company, with combined assets of...
BUKA plunges after massive foreign selling, local investors frustrated
Short-term profit-seeking by foreign investors has shaken the Indonesian Stock Market (IDX) debut for homegrown e-commerce giant Bukalapak (BUKA) driving its price down to the floor limit and hitting auto rejection on its third day of trading, ending...
Paving orderly departure for Bosowa from Bukopin
Although a conciliation between Makassar-based conglomerate Bosowa Group and South Korea-based Kookmin Bank over Bank Bukopin ownership had been achieved in June, the saga still continues due to a decision letter from the Financial Services Authority...
Indonesia’s economy picks up in Q2, low-base effect
Statistics Indonesia (BPS) reported Indonesia’s GDP growth in the second quarter of this year at 7.07 percent year-on-year (yoy)—the strongest pace since 2004. Regardless, many attributed the high growth rate to the low-base effect and warned that th...
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