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Backgrounder
Tenggara Backgrounder December 25, 2020
POLITICS
Cabinet reshuffle: Jokowi ends year with a bang
Barely a year after he inaugurated his second-term Cabinet members, President Jokowi announced on Tuesday a Cabinet shake-up. The recent arrests of two of his ministers and the general inaction of some of his aides amid the COVID-19 pandemic had pres...
Indonesia makes COVID-19 vaccine free for all
In a bid to quell backlash over assertions that the state will only fund the COVID-19 vaccine drive for a third of the population, the government has announced that the vaccines will be made free of charge for all, following in the footsteps of other...
Police have the upper hand in counterterrorism, for now
The arrest of 23 people suspected of carrying out terrorist acts in the past month shows that police have not let up their guard in their counterterrorism efforts in spite of various distractions, including the coronavirus pandemic and the most recen...
BUSSINES & ECONOMICS
Tokopedia weighs $10 B SPAC deal to speed up US listing
Homegrown e-commerce giant Tokopedia may go public earlier than planned with blank-cheque company Bridgetown approaching them for a merger offer reportedly valued at US$8 billion – 10 billion. Tokopedia has been eyeing a dual listing, mentioning a Un...
Gojek invests Rp 2.25 T in Bank Jago as GoPay trailing behind competitors
Indonesian super app Gojek has invested Rp 2.25 trillion (US$155 million) to increase its stake in publicly listed PT Bank Jago Tbk (ARTO) and strengthen its financial services through digital banking as its payment wallet, GoPay, is trailing behind...
LG, POSCO latest global companies to invest in Indonesia’s EV industry
LG Energy Solution, the battery spinoff of LG Chem Ltd. of South Korea, has signed a MoU with the Indonesian government to develop an EV battery project in Indonesia. This MoU will support Indonesia’s downstream nickel industry and aid in achieving P...
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