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Backgrounder
Tenggara Backgrounder August 20, 2021
POLITICS
MPR pursues limited changes to Constitution
The People’s Constitutional Assembly (MPR) will pursue limited changes to the country’s basic laws when it opens an upcoming debate on amending the Constitution, so small that they will not likely lead to drastic changes in the political landscape, a...
Jokowi glosses over high fatality rate, bumpy vaccine development
In his second state of the union address delivered under the shadow of the pandemic, President Joko “Jokowi” Widodo expressed his guarded optimism and commended his administration for its significant progress in COVID-19 handling. His remarks came on...
Jokowi cuts PCR price to boost COVID testing and tracing
In response to public complaints about expensive polymerase chain reaction (PCR) tests, President Joko "Jokowi" Widodo has instructed health facilities and test providers to cut the price of PCR testing to between Rp 450,000 (US$31.22) and Rp 550,000...
Lake conservation Perpres aims to develop tourism
On June 22, President Joko “Jokowi” Widodo signed Presidential Regulation (Perpres) No. 60/2021 that designates 15 lakes in Indonesia as “priority lakes”. The policy is a consolidated effort to preserve the country’s lakes, watersheds and surrounding...
BUSSINES & ECONOMICS
Govt slaps export ban on coal producers failing to meet DMO
The government banned earlier this month 34 (now 32) coal producers from exporting their coal after they failed to meet their domestic market obligations (DMO) during this year’s first half. The export ban was linked to the country’s state-owned elec...
Foreign short sellers crush Bukalapak IPO
Retail and institutional investors were surprised by an aggressive bout of short selling of Bukalapak shares that began on Aug. 9, the day after the e-commerce unicorn’s initial public offering (IPO). Bukalapak’s leading underwriters PT Mandiri Sekur...
Garuda trims commissioners, directors amid debt restructuring
Garuda Indonesia has trimmed the number of its commissioners and directors as a cost-cutting measure amid the debt-laden company’s current debt restructuring and aircraft lease renegotiations. The flag carrier has also appointed two new commissioners...
Kadin embraces digital economy, welcomes tech players on board
Newly appointed Kadin chairman, Arsjad Rasjid, has announced the 2021-2026 Kadin management board, which includes several prominent players from tech start-ups. With the new management, Kadin is on track to advance the country’s digital economy, whic...
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