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Backgrounder
Tenggara Backgrounder December 20, 2024
POLITICS
Prabowo wants elections on the cheap
President Prabowo Subianto has again openly criticized the electoral process in Indonesia as being too costly and is now proposing, for a start, that the country do away with direct elections for heads of regional governments. This is from a man who...
Harun Masiku manhunt a litmus test for new KPK leadership
The yearslong manhunt for graft suspect Harun Masiku has taken a new twist as the Corruption Eradication Commission (KPK), under new leadership, grilled former law and human rights minister Yasonna Laoly in connection with the case, which is believed...
Ridwan accepts defeat, paving way for PDI-P to join Prabowo’s KIM
Ridwan Kamil, the gubernatorial candidate backed by President Prabowo Subianto's Onward Indonesia Coalition (KIM), has dropped his plan to challenge the results of the Jakarta race at the Constitutional Court and accepted his defeat to governor-elect...
Will Prabowo prioritize plans for Nusantara?
Relocating Indonesia's capital from Jakarta to Nusantara in East Kalimantan remains a highly ambitious but increasingly uncertain project. Although President Prabowo Subianto expressed his commitment to continuing the project initiated by his predece...
BUSSINES & ECONOMICS
KPK investigation into Bank Indonesia a blow to reputation
The Corruption Eradication Commission (KPK) raided Bank Indonesia's (BI) office on Monday over allegations of misappropriation of Corporate Social Responsibility (CSR) funds. The investigation included a search of the office of BI Governor Perry Warj...
Govt waives new VAT for 15 key commodities to ease impacts
To mitigate the potential impacts of the new VAT rate of 12 percent beginning in January 2025, the government has decided to exempt 15 commodities from the new VAT rate or waive them entirely from VAT. This measure aims to protect consumers, particul...
Prabowo unveils populist economic stimulus package for 2025
The Prabowo Subianto administration has announced an ambitious economic stimulus package for 2025, aimed at softening the blow of a planned increase in the VAT rate. The measures target low- and middle-income Indonesians, as well as MSMEs and labor-i...
XL Axiata, Smartfren $6.5b merger consolidates RI telecom industry
The country's two smallest mobile operator companies PT XL Axiata Tbk and PT Smartfren Telecom officially merged into PT XLSmart Telecom Sejahtera Tbk, consolidating the country's mobile operator industry to three players. The Rp 104 trillion (US$6.5...
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