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Backgrounder
Tenggara Backgrounder December 03, 2021
POLITICS
Constitutional Court deals big blow to jobs law
The gavel the Constitutional Court Chief Justice Anwar Usman banged at the end of a Nov. 25 hearing was deafening to the ears of the government, as the bench had declared the Job Creation Law conditionally unconstitutional due to significant procedur...
For conservatives, sexual violence bill just another political power play
A bill to stop sexual violence has been lingering in the House of Representatives for nearly a decade now, and if religious conservative forces have their way, it will not likely see the light of the day, let alone become a law, until after the 2024...
Indonesia braces for arrival of Omicron
A new strain of COVID-19 called Omicron sent shockwaves across the globe as soon as the World Health Organization declared it a variant of concern on Nov. 26, only two days after its discovery in South Africa. The Indonesian government has responded,...
Erick Thohir deepens ties with NU
State-Owned Enterprises Minister Erick Thohir is known to have a close relationship with Nahdlatul Ulama (NU), but his recent inauguration as an honorary member of the largest Islamic group’s youth wing Barisan Ansor Serbaguna (Banser) has raised man...
BUSSINES & ECONOMICS
Pupuk Indonesia’s CFO resigns, revealing potential loss of Rp 2 T
PT Pupuk Indonesia will have another change within its board of directors. Its finance and investment director, Listiarini Dewajanti, is ready to step back from her position and go on to make a political debut. This raises questions as to whether her...
Debt-ridden Sritex takes all paths to push creditors to agree to its terms
Debt-ridden, publicly listed garment giant PT Sri Rejeki Islam (Sritex) is taking all paths available to push creditors to give it more breathing space by agreeing to its proposal of debt restructuring, in which the company demands longer debt paymen...
Minister shuts down 74 SOE subsidiaries to improve efficiency
It’s game over for 74 underperforming subsidiaries and sub-subsidiaries of state-owned enterprises (SOE). SOE Minister Erick Thohir has closed them to improve efficiency and strengthen their parent companies’ operations. These subsidiaries and sub-su...
Bukalapak an anomaly in a bullish market
Indonesia’s first publicly listed tech unicorn Bukalapak (BUKA) has attracted a huge number of retail investors, but continued selling of its shares by institutional investors has dragged down its share price to the bottom, defying the bullish local...
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