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Tenggara Backgrounder December 15, 2023
POLITICS
Survey suggests presidential debates can change electoral landscape
The first round of the 2024 election debates organized by the General Elections Commission (KPU) took place on Tuesday, following the latest survey results that showed nearly 29 percent of the respondents remained undecided about their choice for the...
The unique campaigning styles of presidential candidates
The campaign session for the 2024 elections kicked off on Nov. 28. The three presidential and vice presidential candidate pairs have until Feb. 10, 2024 to woo the electorate and secure their votes. Thus far, each candidate pair has adopted a unique...
New Jakarta bill may deprive the city of democracy
A debate is raging inside the House of Representatives following an initiative draft law that could reshape the very fabric of Jakarta's governance with a provision that grants the president the sole authority to appoint and dismiss its governor and...
More foreign loans allowed to modernize Indonesian military
President Joko ‘'Jokowi'' Widodo has permitted more foreign loans to modernize the Indonesian Military (TNI), a policy that many regard as controversial, coming as it does ahead of the presidential election. The decision followed a closed-door meetin...
BUSSINES & ECONOMICS
TikTok gets controlling stake in Tokopedia
Chinese tech firm ByteDance's social media subsidiary TikTok has bought a controlling stake in Tokopedia, Indonesian tech company GoTo Gojek Tokopedia's e-commerce platform. The corporate action led to the reentry of TikTok's integrated online shoppi...
BPR go bankrupt as banks, fintech take over microloan market
BPR struggle to remain competitive in the modern day as commercial banks and the Fintech industry target the small and micro markets, formerly the primary target market of BPR. Per August 2023, the number of accounts in BPR whose deposits are insured...
Apindo seeks to influence economic policy of presidential candidates
As Indonesia prepares to transition to a new government, the country's leading business lobby group Apindo has laid out its 2024-2029 economic road map for the country's presidential candidates. Presented at the Apindo 2024 Presidential Candidate Dia...
Massive tax incentives for IKN Nusantara. investors wait and see
The government plans to roll out an array of fiscal incentives to entice potential investors and business operators to realize their investments in the IKN. The planned extensive tax incentives, however, have been met with criticism as potentially bu...
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