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Backgrounder
Tenggara Backgrounder August 18, 2023
POLITICS
Prabowo’s presidential bid gains upper-hand as alliance grows
The Golkar Party and the National Mandate Party (PAN) have finally decided to ally themselves with the Gerindra Party and the National Awakening Party (PKB) to support Prabowo Subianto in his presidential bid. This makes Prabowo the current presumpti...
Jokowi appointing interim regional heads ahead of the 2024 elections
In September 2023, a total of 85 interim regional heads will be appointed ahead of the 2024 election. Ten of them will be the interim governors appointed by President Joko “Jokowi” Widodo via the recommendation of the Home Affairs Ministry, whilst th...
Signs of Indonesia easing on capital punishment
The Supreme Court has commuted the sentence of a top police officer from death to life for the killing his junior staff. The rather muted public reaction to the news last week contrasts with the public sentiment clamoring for the maximum punishment a...
MPR to open Pandora’s box with constitutional amendment plan
The push for a constitutional amendment looks to be in progress after the People’s Consultative Assembly (MPR) announced its plan to revise the 1945 Constitution after the elections in February next year. The agenda will focus on the possibility to p...
BUSSINES & ECONOMICS
Govt, Faisal Basri lock horns over downstream nickel policy
President Joko “Jokowi” Widodo’s policy to develop the country’s mineral downstream industry, especially for nickel, is once again facing scrutiny after senior economist Faisal Basri called out the policy for benefitting other countries, especially C...
OJK to regulate banks’ dividend payout ratio, investors dismayed
Share prices of big banks in Indonesia recorded contractions at the start of this week in response to news that the Financial Services Authority (OJK) would issue new regulations concerning the dividend payout ratio of banks. Market sentiment has be...
Govt mulls over Jakarta-Bandung HSR fare subsidies
The Indonesian government is planning to subsidize the Jakarta-Bandung High Speed Rail (HSR) ticket price once it began operating to make the transportation service more accessible to the public. However, the plan is met with criticism since the HSR...
Imported Australian cattle diseased, govt seeks alternative beef sources
Indonesia has temporarily halted cattle imports from Australia after confirming cases of Lumpy Skin Disease (LSD) among some of the imported animals. In a bid to ensure a consistent beef supply while reducing reliance on Australian imports, the gover...
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